Cryptocurrency Analysis and News Portal
Bitcoin analyst Edward Morra sees price heading towards $9,575 in the coming sessions.The prediction surfaces after the cryptocurrency failed to close above its short-term resistance level near $9,285.It also appears as global risk-on sentiment improves on positive job reports and vaccine hopes.Bitcoin could close above $9,500 in the coming session
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The volume of Bitcoin positive sentiments on the popular microblogging platform Twitter has faced a decline since the BTC’s third halving event in May 2020. This could be as a result of the price of Bitcoin not reaching the expected surge following the halving. Bitcoin Sentiment Experiences Significant Dip Post-2020 Halving According
Read MoreBitcoin has failed on successive occassions to break through major resistance at $10,000, but is that about to change?As the lowered volatility of the past couple of weeks continues, both bears and bulls are contemplating whether a period of relative calm is the compression of the coil that will propel
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Bitcoin’s price is rallying and traders also increasingly see investment opportunities on the Ethereum network. Bitcoin (BTC) was trading around $9,563 as of 20:00 UTC (4 p.m. ET), gaining 2.5% over the previous 24 hours. At 00:00 UTC on Monday (8:00 p.m. Sunday ET), bitcoin was changing hands around $9,298 on spot
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The cryptocurrency bitcoin is trading at an all-time high relative to its social activity, explains the crypto research firm Tie. The analysts at Tie believe the ratio indicates that bitcoin is being driven by institutional trading. Meanwhile, statistics from Google Trends shows the terms “bitcoin” and “buy bitcoin” dropped
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On-chain data indicates crypto investors aren’t taking profits but are holding on despite uncertain economic conditions and bitcoin’s strong performance. At the time of publication, 60.63% of all bitcoins have not moved in at least a year, according to data from Glassnode. This data suggests bitcoin ownership is consolidating, and investors
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[sociallocker id="55298"] Investors remain confident in bitcoin’s long-term prospects despite the cryptocurrency’s struggle to pass $10,000, according to a key on-chain metric. The seven-day moving average of the total amount of bitcoin held in exchange addresses declined to 2,313,749 on Sunday – the lowest level since December 2018, according to data
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Some of the top altcoins by market capitalization, such as Ethereum, have been posting significant gains lately. Meanwhile, Bitcoin remains stagnant within a narrow trading range.The flagship cryptocurrency is consolidating between $8,800 and $10,080 since late April without giving any clear signs of where it is headed next.One of the
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Positive investor sentiment about bitcoin (BTC) on Twitter has reached record levels – its highest in three years – triggered by the cryptocurrency’s supply cut earlier this month, data shows.According to crypto data company The Tie, the 30-day average daily sentiment score is at an all-time high since 2017.The
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One week after the Bitcoin rewards halving, investors are speaking more positively about the coin than they have at any point over the last 2.5 years according to crypto data company The TIE.Chief Executive Officer (CEO) Joshua Frank spoke to Cryptox on May 18, saying the 30-day average daily sentiment
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