Category: Analysis
-
Research: Inflation rate of XRP was 400% higher than that of Bitcoin over past 12 months
[youtube https://www.youtube.com/watch?v=IX6PzbsH4Iw&w=560&h=349] Most top crypto assets share similar characteristics — they’re mostly decentralized, global, non-sovereign, and permissionless assets not tied to a real-world asset. Where cryptocurrencies largely differ, then, is in their monetary policy — or in some cases, their lack thereof. A researcher at Messari recently remarked that the inflation rate of XRP’s supply is…
-
Bull Run Imminent? Hodl Waves Chart Shows 60% of Bitcoin Hasn’t Moved in a Year
According to the creator of the analytical bitcoin data web portal, Look Into Bitcoin, a chart often referred to as ‘Hodl Waves’ shows a bull run could be imminent. The web portal’s analyst Phillip Swift recently tweeted that 60% of all the bitcoin in circulation hasn’t moved in twelve months. The last time this trend…
-
This on-chain trend hints that a Bitcoin bull run may be just around the corner
Bitcoin’s price action as of late has been rather lackluster, with the benchmark cryptocurrency struggling to garner any decisive momentum following its recent series of rejections at $10,000. Despite there being a sense of gloom amongst analysts with regards to where BTC may trend in the days and weeks ahead, one on-chain trend seems to…
-
Analyst: Ethereum is seriously undervalued right now for these fundamentals reasons
Since the peak of the last Bitcoin bubble in late-2017/early-2018, the vast majority of altcoins have collapsed dramatically from their all-time highs. Not even Ethereum has been spared. From the all-time highs of just over $1,400, the asset is down over 85 percent, trading at $200 as of the time of this article’s writing. Ethereum…
-
The S&P 500 just broke a critical resistance; here’s what this could mean for Bitcoin
Despite the global economy being virtually frozen, the S&P 500 and all other benchmark stock indices have been able to rally today, smashing through critical technical levels and potentially creating shockwaves that boost Bitcoin. This rally has allowed the S&P 500 to surmount two key moving averages that were previously suppressing its price action, leading…
-
This trend amongst Chainlink investors might give the crypto a serious boost
Parabolic uptrends in the crypto market tend to be short-lived and followed by immense selloffs, but Chainlink has been able to buck this trend – being one of the few altcoins that has been able to post steady gains over the past year. It doesn’t appear that this strength will disappear anytime soon either, as…
-
Here’s what was behind Bitcoin’s sharp market health decline seen this week
Bitcoin’s recent price action has largely favored sellers, as the benchmark cryptocurrency is currently trading down roughly $1,000 from its weekly highs of just over $9,800. The decline from these highs came about after multiple failed attempts to break above $10,000, pointing to some underlying weakness amongst BTC buyers. This price plunge has also caused…
-
Ex-Goldman Sachs exec: Whether the US dollar falls or rallies, Bitcoin will explode higher
For the longest time, a common narrative in the Bitcoin market has been that if the U.S. dollar rallies, the price of BTC will fall — just as the price of gold normally trends higher on a weak dollar. Though even COVID-19 and the subsequent lockdowns have ravaged the world economies, forcing the dollar dramatically…
-
Bitcoin exchange withdraws dive as traders prepare for massive volatility
Bitcoin has seen heightened volatility throughout the past several hours, as it recently broke below the key support it had at $9,000 as buyers struggle to maintain the cryptocurrency’s mid-term uptrend. BTC’s decline has led investors to grow increasingly fearful as to what could come next and has created a resurgence of trading activity on…
-
China orders second-largest mining region to close, 9% of Bitcoin hashrate at risk
It’s a step forward and a leap backward for China’s mining industry. Days after the Chinese government allowed the use of hydro-electricity for “blockchain projects” in a region known for its high concentration of Bitcoin miners, a directive passed last week mitigates any benefits of the former. No Crypto, Yes Blockchain Regulators in Sichuan have…