Category: Analysis
-
Beware: this altcoin’s price action could be part of a pump and dump scheme
0x has been in the spotlight of the cryptocurrency market following an increase in the buying pressure behind it that saw its price rise over 140 percent. The bullish momentum appears to have been fueled by an endorsement made by a prominent figure in the cryptocurrency industry. Now that ZRX has reached new yearly highs,…
-
Options data: Big Bitcoin traders are still betting on a “retrace” despite halving
It’s been quite the past few months for Bitcoin. In the face of a recession — a recession that central bankers are saying will be the worst in modern history, potentially worse than the Great Depression — the cryptocurrency market has not only rallied, but it has also seen positive news flow. So positive, in…
-
The CME is capturing a major share of the crypto market as institutional presence grows
The introduction of Bitcoin futures to the CME has given professional traders, leveraged funds, and institutional investors a great gateway to gain exposure to the benchmark crypto. Prominent investors like Paul Tudor Jones have already admitted to using futures to gain long-term exposure to the benchmark digital asset, and watching the trends seem surrounding volume…
-
On-chain data indicating Bitcoin could soon see “fast growth,” research finds
Despite the recent rejection at $10,000, Bitcoin remains up more than 150 percent higher than March’s capitulation lows of $3,700. It’s an impressive rally that allowed BTC to outperform any other multi-billion-dollar asset class over the same time frame. Even still, a cryptocurrency research firm remarked on May 15 that Bitcoin’s on-chain metrics are reaching…
-
Ethereum exchange balance rockets to all-time highs; spelling trouble for its strength
Ethereum hasn’t been performing well against Bitcoin throughout the past few days and weeks, with this trend simply marking an extension of that seen throughout the past couple of years. The amount of Ethereum being held within exchanges has rocketed to all-time highs as of late, even seeing tremendous growth in the time following the…
-
Analyst: here’s how far Bitcoin’s dominance needs to drop before altcoins can rally
Bitcoin’s recent uptrend has come about largely at the expense of smaller digital assets, as many altcoins have posted a severe underperformance of BTC as investors grow increasingly keen on finding assets that can perform well given the current global economic situation. Some major cryptocurrencies are even trading at price levels not seen since 2014…
-
Bitcoin sees “healthy change” in open interest as high-leverage positions get flushed out
Bitcoin has seen some turbulence in recent times as buyers and sellers both attempt to gain control of the cryptocurrency’s mid-term trend. It does appear that bulls have the upper hand, however, as one on-chain indicator is suggesting that it is on the cusp of seeing a major upswing in the days and weeks ahead.…
-
Data reveals how 2020’s Bitcoin halving has a drastic fundamental difference than the past two
Bitcoin’s now-concluded halving was the talk of the town in 2020. The May 12 event saw immense media spotlight and institutional interest in the broader cryptocurrency space. While some predicted an eventual drop in prices, others cite vastly changed economic and financial conditions than the past halving as a major differentiator. Finally a hedge Matt…