Cryptocurrency Analysis and News Portal
“Both large-scale entities and smaller players, who secure the network via mining pools, appear to be stockpiling bitcoin,” said Pete Humiston, manager at Kraken Intelligence, in an emailed statement to CryptoX. This “supply shock” seems to have contributed to bitcoin’s price gaining more than 50% for the month to date. Source
Read More
A yearlong price rally in the Bitcoin (BTC) market and hopes for more upside moves in the future has prompted traders to hold the token instead of trading it for other assets, Glassnode data shows.The blockchain data analytics service revealed on Oct. 28 that the total amount of "hodled or lost
Read More
Shiba Inu is arguably one of the most talked-about cryptocurrencies in the space now. The meme coin had managed to crawl out of growing obscurity to the forefront of the crypto market. While the broader market has suffered alongside top cryptocurrency bitcoin, Shiba Inu has had other plans. Carving out
Read More
Bitcoin (BTC) has been trading in a descending channel pattern since its $67,000 all-time high on Oct. 20, which was just one day after ProShares’ Bitcoin Strategy ETF (BITO) debuted at Nasdaq.However, bulls have a sufficient number of incentives to peg Bitcoin's price above $60,000 on Oct. 29 when the
Read More
Early today, #shibainu was the top Twitter trend in India, the world’s second-most populous country. A spokesperson from Mumbai-based WazirX, one of the largest crypto exchanges in India, said SHIB has overtaken bitcoin’s position as the top traded token in the Indian rupee market, generating a volume of $489 million. Source
Read More
Ethereum started a fresh increase above $4,175 against the US Dollar. ETH could gain pace if there is a clear break above $4,300 in the near term. Ethereum was able to climb above the $4,175 and $4,200 resistance levels. The price is now trading above $4,200 and the 100 hourly simple moving
Read More
MarketsStill, blockchain data show bitcoin holder positioning is consistent with the early stage of a bull market, one firm says.By Damanick Dantes, Helene BraunOct 26, 2021 at 8:34 p.m. UTCUpdated Oct 26, 2021 at 8:34 p.m. UTCBitcoin 24-hour price chart (CoinDesk) Original Source
Read More
Ethereum’s native token, Ether (ETH), has been declining against its top crypto rival, Bitcoin (BTC), since Sept. 3.Ether dropped in value against Bitcoin by almost 25% after topping out in September at 0.07955 BTC. As the top altcoin declined, it left behind a trail of lower highs and lower lows,
Read More
Crypto-social platform Rally has earmarked $12 million for external developers to improve the functionality of the ecosystem, potentially setting the stage for new innovations that would benefit creators. The grants program will be distributed through RLY tokens, the native cryptocurrency of the Rally ecosystem, the company announced Friday. A community-elected developer
Read More
Ethereum followed bitcoin and rallied above the $4,000 resistance against the US Dollar. ETH is correcting gains, but the bulls could remain active near $4,000. Ethereum started a fresh increase above the $3,880 and $4,000 resistance levels. The price is now trading above $4,000 and the 100 hourly simple moving average. There was
Read More