Category: Analysis
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Economist: Gold shows that Bitcoin could see further upside despite “blowoff top”
Bitcoin bore witness to some intense volatility overnight that rivaled that seen in mid-March. Although the cryptocurrency’s losses were somewhat limited following its intense rejection at $12,000, the speed at which its price declined was jarring. In the aftermath of this movement, bulls have been striving to establish the lower-$11,000 region as support, but the…
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Uniswap mania: Crypto investors chase massive gains as hundreds of new tokens surface
Throughout the past few weeks, hordes of retail investors have been lured into the DeFi sector by the massive gains posted by many of the crypto assets residing within this fragment of the crypto industry. As many of these tokens start seeing slowing growth, return-hungry investors are now turning towards unconventional methods of getting the…
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Bitcoin’s network activity is at its highest since 2017 as bulls awaken
Bitcoin just set fresh 2020 highs today, close on the heels of it posting its highest monthly candle seen since mid-December of 2017. The robust market structure formed in the time since BTC broke out of its macro consolidation phase isn’t unwarranted, as the recent push higher has been driven by intense fundamental strength. One…
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Bitcoin’s network activity is at its highest since 2017 as bulls awaken
Bitcoin just set fresh 2020 highs today, close on the heels of it posting its highest monthly candle seen since mid-December of 2017. The robust market structure formed in the time since BTC broke out of its macro consolidation phase isn’t unwarranted, as the recent push higher has been driven by intense fundamental strength. One…
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Bitcoin’s short-term skew collapses as CME options volume rockets
Bitcoin’s short-term market dynamic has shifted greatly following the volatility seen overnight. This turbulence caused the benchmark cryptocurrency to rally to highs of $9,700 before posting a slight rejection that led it back down to the lower-$9,000 region. It now appears that options traders are beginning to grow increasingly bullish on the cryptocurrency – a…
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Mounting utility may be driving massive Ethereum accumulation trend
Ethereum’s lackluster price action hasn’t stopped large investors from accumulating. New data shows that the cryptocurrency’s largest investors have been busy at work purchasing massive amounts of ETH throughout the past year. This accumulation trend has led so-called “whale addresses” to rocket to a 10-month high, with these investors now collectively owning over 21.8 million…
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Cardano (ADA) continues showing signs of strength as development activity booms
Cardano (ADA) has been caught within an intense uptrend in recent times, which has allowed it to firmly outperform both Bitcoin and most of its other peers. This intense rally has come about as development activity on the blockchain booms – being an overt sign of fundamental strength that ultimately suggests that the crypto’s mid-term…
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One of Bitcoin’s earliest developers suggests crypto trading is all speculation and no tech
The volatility of cryptocurrency markets is well-documented and definitely not for the faint-hearted — 100x leverage, double-digit percentage drops in a single trading session, and small-cap altcoins “mooning” hundreds of dollars under an hour lead many to the crypto market under the guise of an early-adopter. But Gavin Andresen, one of Bitcoin’s earliest developers, suggests…
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Industry investor identifies 10 clear reasons why Ethereum is on bull market footing
Despite rallying by over 100 percent from the lows, Ethereum is not yet in a bull run. In fact, the cryptocurrency is still trading over 85 percent below its all-time high price of ~$1,400 — a statistic confirming it is embroiled in a bear market. Prominent analysts are starting to come to the conclusion that…
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Here’s why Jamie Dimon’s economic outlook could be bullish for Bitcoin
The global economy is currently in uncharted waters, and investors across all markets and assets – including stocks, Bitcoin, gold, and more – are all closely watching to see how the economy trends as most countries begin easing their pandemic-related lockdowns. The man standing at the helm of one of the world’s largest banks believes…