Category: Analysis

Why Ethereum is stagnating behind Bitcoin after its rally to new record-high

The price of Ethereum is declining against both Bitcoin and the U.S. dollar. This comes as the dominant cryptocurrency soared to a new all-time high in the last several hours. As Bitcoin began to climb towards $49,900, the price of Ethereum actually dropped in the same period. Although Ethereum has sometimes lagged behind Bitcoin during…

February 14, 2021
JPMorgan co-president admits the demand for Bitcoin will come at “some point”

In a conversation with CNBC about Bitcoin, JPMorgan co-president Daniel Pinto said the demand for Bitcoin will come at “some point.” Albeit the message seems ostensibly optimistic, Pinto is implying that the demand for Bitcoin isn’t here just yet. What kind of demand for Bitcoin would be sufficient? The price of Bitcoin has increased by…

February 12, 2021
Other DeFi-focused networks are surging as Ethereum congestion narrative spurs up

Ethereum has been facing extreme network congestion once again, which has been made worse by the cryptocurrency’s rapidly increasing price. At one point over the past week, it cost over $100 to trade on Uniswap, which caused even larger players—some that you could call “whales”—to lament about the extremely high transaction fees. This has caused…

February 11, 2021
Darknet market link provider claims its Bitcoin donors’ accounts were frozen

The admin of a well-known darknet market link provider claims its donation address was flagged as suspicious after it criticized Chainalysis’ KYT flagging system.

February 9, 2021
Bitcoin “call buying frenzy” occurs, will options market demand fuel another rally?

According to the data analytics platform Laevitas, the Bitcoin options market is seeing a “call buying frenzy.” This means that the buyer demand for BTC is rising rapidly in the form of options. The options market has seen significant growth in recent months. Data from Skew shows the total options market open interest has increased…

February 9, 2021
Bitcoin “call buying frenzy” occurs, will options market demand fuel another rally?

According to the data analytics platform Laevitas, the Bitcoin options market is seeing a “call buying frenzy.” This means that the buyer demand for BTC is rising rapidly in the form of options. The options market has seen significant growth in recent months. Data from Skew shows the total options market open interest has increased…

February 9, 2021
Investors bullish on Ethereum ahead of much-hyped CME futures launch

The day is finally here—today, depends on how you cut it, the CME Group will be launching a futures market for Ethereum. The CME Group is one of the world’s leading financial exchanges, hosting a majority of trade in top commodities, including Bitcoin. The CME Group made crypto headlines in 2017 when it rolled out…

February 7, 2021
Dogecoin (DOGE) just surged 50% after Elon Musk gave the crypto another bump

It appears that crypto’s favorite chief executive, Elon Musk, just gave Dogecoin (DOGE) another bump. The Tesla and SpaceX chief executive recently spoke to TMZ, the media outlet, about Dogecoin, while he later tweeted about the meme cryptocurrency. This latest turn of events comes after a rocky past week for DOGE, which surged some 900…

February 7, 2021
Aave surges 50%: What’s behind the meteoric rally?

AAVE, the native governance token of the Aave lending protocol, rose by over 50% within the past day. The rally comes as the entire DeFi market sees a major rally from an overall increase in appetite for the sector. The 30-minute price chart of Aave. Source: AAVEUSD on TradingView.com Why is DeFi and Aave rallying?…

February 4, 2021
Elon Musk boosts Dogecoin by 76% with a rocket tweet

Tesla CEO Elon Musk has just boosted “meme crypto” Dogecoin (DOGE) in the stratosphere by just tweeting a photograph of a rocket taking off and adding a single word to it: “Doge.” In just one hour, the price of DOGE surged by up to 75.6% and reached around $0.056. The coin’s 24-hour trading volume has…

February 4, 2021