Cryptocurrency Analysis and News Portal
Bitcoin may seem to be more volatile than traditional assets but in crypto markets it is considered relatively stable compared to alternative cryptocurrencies. Bitcoin (BTC) is the biggest cryptocurrency by market value. Not only is it used as the base currency of choice for trading smaller digital assets, it is also
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Earlier this week on-chain analyst Willy Woo released a new price model for Bitcoin (BTC). The model identifies the start of exponential Bitcoin bull runs based on historical data. According to the model, Bitcoin may be just one month away from an official bull market.Will a BTC bull market begin
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The popular bitcoin analyst Willy Woo told his 132,000 Twitter followers that he’s working on a new pricing model that suggests a bull run is imminent. In fact, Woo says the model suggests bitcoin is close to “another bullish run” with “maybe another month to go.”The price of bitcoin
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Volume on Ethereum blockchain is rising faster than Bitcoin for the last three months, according to data fetched by Santiment.The second-largest cryptocurrency is leading a pack of top 100 altcoins with better on-chain metrics than that of Bitcoin.Observers note that a swift rise in altcoin volumes forms a local price
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Bitcoin started a downside correction from the $9,780 swing high against the US Dollar. BTC found support near $9,600 and it is currently gaining bullish momentum for a fresh rally.Bitcoin is trading nicely above the $9,500 support zone and the 100 hourly simple moving average.A short-term downside correction seems to
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It’s been an explosive past few months for Bitcoin, equities, and other global markets.After a liquidation event in March that sent cryptocurrencies down by over 50% and other asset classes down almost as much, a bounce has ensued that has largely deleted the losses of March.BTC now trades for $9,400,
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Bitcoin climbed higher above $9,500, but it struggled to clear $9,600 against the US Dollar. BTC is now correcting gains and it seems like there is a bullish flag forming with resistance at $9,450.Bitcoin is currently correcting lower from the $9,595 swing high.The price is trading well below the $9,500
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Worldwide, governments devote an estimated $9.5 trillion each year to public procurement — an average of approximately 15% of national gross domestic product. This money goes to public goods and services such as the construction of roads and the delivery of healthcare services, but it also tends to line the
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Bitcoin's options market suggests Monday's price drop could be short-lived.However, the cryptocurrency remains vulnerable to a sell-off in stocks and increased miner hoarding is a sign the market lacks strength.Bitcoin is feeling the pull of gravity on Monday alongside losses in the traditional markets. At press time, bitcoin is changing hands
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Bitcoin could be on the verge of breaking into a multi-month bull run, according to a lesser-known data metric. The percentage of bitcoin’s circulating supply in profit is currently hovering at 87%, according to data provided by blockchain analytics firm Glassnode. The metric is calculated by looking at the ratio of
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