Cryptocurrency Analysis and News Portal
Bitcoin is trading nicely in a strong uptrend above $9,300 on the daily chart against the US Dollar. BTC is currently facing a crucial barrier at $10,000, above which it could rally significantly.Bitcoin climbed to a new 2-month high at $10,390 before starting a consolidation phase.The price seems to be
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Ethereum has been caught within a bout of sideways trading throughout the past several days and weeks, struggling to garner any decisive momentum as it hovers within the mid-$240 region.The crypto did witness some immense volatility earlier this week that caused it to plummet to lows of $230 before posting
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[sociallocker id="55298"] Using cryptocurrencies as a preferred method to “hedge” against real-world risks seems to be a valid play. Data, collated from various bitcoin exchanges, is now pointing towards a huge surge of users, even as retail activity on traditional markets continues to decline. COVID Pushes Bitcoin Adoption As per publicly available
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[sociallocker id="55298"] Option market traders look to be placing bets for a continued upward move in bitcoin, according to a key metric. The put-call open interest ratio, which measures the number of put options open relative to call options, fell to 0.43 on Thursday – the lowest since March 24, according
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[sociallocker id="55298"] The old Wall Street maxim “sell in May and go away” is detrimental to bitcoin investors, market data from Messari suggests. The largest cryptocurrency generated positive returns during eight of the past 10 Mays, outperforming its monthly average for that year during six of them. “Sell in May” refers
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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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[sociallocker id="55298"] Last week, Bitcoin (BTC) miners sold 11 per cent more coins than they generated over the same period, June 1 data from on-chain analysis portal ByteTree suggests.According to the portal's metric that tracks Bitcoin wallet addresses associated with miners, around 5,800 BTC was generated over the past seven
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Bitcoin traders should keep an eye on the ongoing slide in the yuan, analysts say. That’s because, historically, the cryptocurrency looks to have put in a positive performance during bouts of weakness in the Chinese currency. The yuan (CNY) fell to 7.1613 per U.S. dollar earlier on Tuesday to hit the
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Coinbase chief executive Brian Armstrong says that company leaders are increasingly opting to avoid mainstream journalists by speaking directly to audiences on unmediated social media platforms.“Our customers are on YouTube/podcasts/social media — not reading mainstream media,” asserted Armstrong in a May 22 Twitter thread, adding that companies are now “able
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Cardano has been in the spotlight of the cryptocurrency market following the recent developments around its Shelley incentivized testnet. Last week, for instance, the team behind IOHK gathered a small group of operators to provide insights on how the Shelley mainnet would look like.Charles Hoskinson, the CEO of IOHK, said
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