The price of bitcoin in October has shown signs of a double-bubble similar to the bull run in 2013, and speculators have been trying to guess the leading crypto asset’s top. On October 20, cryptocurrency market analyst Justin Bennett discussed bitcoin’s possible price floor after it reaches the top. Bennett Read More
The Mayer Multiple, which measures the spread between bitcoin’s price and the 200-day moving average (MA), also shows the bull market is still far from peaking. While the metric has risen to a five-month high of 1.39, it is well below the 2.4 threshold, above which previous bull markets peaked.
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Ethereum's native token Ether (ETH) has rallied by more than 415% this year to over $3,800, and two major bullish patterns developing on its charts highlight the scope for another upside move, ultimately toward the $6,200-$6,500 price range.ETH price eyes $4K resistance breakoutThe first decisive break above the psychological $4,000-mark, Read More
Bitcoin (BTC) may have hit highs of $60,000, but calculations suggest that the price level will matter much more to bears, not bulls.In a tweet on Oct. 14, popular Twitter account TechDev again highlighted historical data that has so far accurately tracked Bitcoin’s highs and lows.How about an 80% BTC Read More
Arcane Research, a Norwegian cryptocurrency-analysis firm, wrote Tuesday in a weekly report that the Huobi futures contract had previously been one of the most important for bitcoin’s price discovery. “So these developments will present some interesting structural changes in the market onwards,” according to the report.
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The Nigerian High Court that is presiding over the e-naira trademark infringement case brought against the Central Bank of Nigeria (CBN), has ruled that Central Bank Digital Currency (CBDC) “may proceed on national interest” considerations. The ruling clears a crucial legal hurdle for CBN’s yet to be rolled out digital Read More
Solana (SOL) reached a $216 all-time high on Sept. 9 after rallying 508% since Aug. The bull run caused some analysts to project a $500 target which would translate to a $150 billion market capitalization.It is worth noting that during SOL's rally, the Ethereum network's average transaction fee had surpassed Read More
Bitcoin (BTC) has the potential to push its prices to between $250,000 and $350,000 by the end of 2021, a long-standing fractal suggests.First spotted by pseudonymous analyst Bit Harington, the bullish setup drew its inspirations from Bitcoin's secular bull runs every time after halvings when the miner block reward gets cut in Read More
Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people Read More
For the past 40 days, Ether (ETH) has trended modestly upward, respecting a narrow channel most of the time. It enjoyed a brief rally toward $4,000 in the first week of September, but a subsequent crash brought the price into the ascending channel.Ether price at Bitstamp in USD. Source: TradingViewIn Read More