Category: Analysis
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Prepare for fireworks: Crypto traders are gearing up for a massive movement
The crypto market has seen some rather boring price action throughout the past several days, being led by Bitcoin’s consolidation phase within the upper-$9,000 region. News regarding a Satoshi-era wallet moving 50 BTC earlier today did rock the boat, however, leading the aggregated market to shed over $8 billion off of its capitalization. This volatility…
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Sentiment data shows investors have overreacted to 2009 wallet’s 50 Bitcoin movement
Bitcoin’s price saw a sharp decline earlier today that came about close on the heels of news regarding a wallet from 2009 moving 50 BTC for the first time in a decade. Despite there being some initial speculation that the wallet may belong to the mysterious Bitcoin founder – Satoshi Nakamoto – data now reveals…
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3 key data points show it wasn’t Satoshi who moved 50 Bitcoin today
50 BTC from a block mined in February 2009 is moving. It is the first batch of Bitcoin to move from the Satoshi generation in many years. But, three key data points show it was not Satoshi who moved approximately $470,000 in BTC. The three data sets are: the absence of a “Patoshi pattern,” it…
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Ethereum sees booming demand as network utility continues growing
Ethereum’s price action has been rather lackluster in recent times, but this hasn’t been enough to slow its thriving utility. This utility has been largely rooted in the growing popularity of DeFi and Stablecoins, which have both directed a massive amount of network activity to the Ethereum blockchain. Although it hasn’t yet been reflected in…
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Cardano (ADA) is caught within a firm uptrend, but sentiment data shows investors don’t seem to have taken notice
Cardano (ADA) has been flashing signs of growing strength throughout the past several days and weeks, with the altcoin rapidly beginning to incur some notable momentum. Despite being able to post a 13 percent climb throughout the past week, social data indicates that investors haven’t been taking too much notice of the altcoin. This may…
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Bitcoin investors grow overwhelmingly bullish despite the thread of a steep decline
With another halving written into the history books, Bitcoin continues on the spotlight of the cryptocurrency market. Investors appear to be growing optimistic about what the future may hold for the flagship cryptocurrency. Optimism around Bitcoin explodes Data from The TIE shows that Bitcoin’s daily sentiment score is at the highest ever recorded since 2017.…
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Bitcoin sees declining network health despite price rally towards $10,000
Bitcoin’s macro uptrend seen throughout the past two months has now led it to enter a consolidation phase as it struggles to surmount $10,000. Analysts are widely watching to see how it ultimately responds to the coveted five-figure price region, as another firm rejection here could prove to be enough to spark a short-term downtrend.…