Cryptocurrency Analysis and News Portal
Bitcoin has witnessed triple-digit percentage gains over the past two months. Yet, one metric has turned quite bullish after the recent halving event, showing signs the cryptocurrency remains undervalued and still has room to run. The largest cryptocurrency by market capitalization is trading near $9,700 at press time, up 150% from
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Bitcoin and the S&P 500 may have strongly recovered from their March lows, but it’s been a dismal quarter for the world’s economies.Unemployment has skyrocketed, consumer confidence is crashing, and against the U.S. dollar, foreign currencies are falling off a cliff.The latter issue is especially pertinent in Turkey, where the
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After Bitcoin’s hashrate hit a high of 103 exahashes per second on May 11, one day prior to the halving event, the latter saw hash rates fall significantly to just 87 exahashes per second, a level not seen in recent times. But the situation has been improving since, along with
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Bitcoin’s (BTC) options markets are finally taking off at CME. This week Cryptox reported that the combined volume traded over the last ten days surpassed $140 million, as institutional investors delved in call options.The buyer of a call option can acquire Bitcoin for a fixed price on a predetermined date.
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With Ethereum 2.0 on the works, the debacle about where this cryptocurrency is headed next has intensified. Some of the most prominent analysts in the industry argue that it could serve as the catalyst for a new bull run. Meanwhile, there are others who maintain that a major correction is
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Ripple traded higher and broke the $0.2000 resistance following bitcoin price rise against the US Dollar. However, XRP is still facing many hurdles near $0.2100 and $0.2200.Ripple is trading higher and it managed to clear the $0.1980 and $0.2000 resistance levels against the US dollar.The price is currently facing a
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Recent data from Skew shows that Bitcoin’s (BTC) implied volatility plummeted after yesterday’s halving occurred. Generally, volatility is at the heart of any professional trader as it measures daily average price oscillations and gives insight into market conditions. As previously reported by Cryptox, Bitcoin’s halving event tends to increase volatility due
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A recent report from Glassnode indicates that Bitcoin (BTC) network health is close to its maximum despite the recent halving of miner rewards.On-chain BTC IndexThe company has recently introduced its on-chain BTC Index (GNI) that captures a number of key on-chain metrics and combines them into easily digestible charts and
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All cryptocurrencies have suffered over the past few days, but XRP’s performance has been especially poor.From its $10,100 peak established late last week, Bitcoin is down 13% as of the time of this article’s writing.XRP, on the other hand, has shed more than 18% over that same time frame, underperforming
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Bitcoin has made immense progress since the lows seen in March.As the chart below depicts, from the lows of $3,700, the cryptocurrency has gained in excess of 150%. This rally comes in spite of the global economy, heading into recession — a recession that the Federal Reserve, the Bank of
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