Category: Analysis

Ethereum (ETH) rockets to new all-time high despite apathy in Bitcoin price

Ethereum just rocketed to a new all-time high despite the apathy in the Bitcoin price, which fell toward $30,000 on Sunday morning. The price of ETH is up 15 percent in the past 24 hours, making it one of the top-performing crypto assets in the top 100 by market capitalization, according to CryptoSlate market data.…

January 24, 2021
There’s a massive 32,000 Ethereum sell wall at $1,250 stopping bullish price action

Both Bitcoin and Ethereum have entered periods of consolidation over the past two weeks despite attempts by both to break above and below their respective medium-term price ranges. Ethereum may continue its consolidation for the time being, as there has been one large holder that has appeared with a large amount of ETH to sell.…

January 23, 2021
After brief cheers, U.S. banks are back to bashing Bitcoin again

Some US banks have restarted their outrage against Bitcoin even as others have warmed up to the asset in the past year. How prices affect sentiment Bitcoin’s infamous price gyrations are known to polarize. The asset, like most other cryptocurrencies, can move by several percentage points in a single day—a stomach-churning experience for those using…

January 23, 2021
MicroStrategy just added $10 million in BTC to its billion-dollar Bitcoin bags

They say dips are for buying, and that’s the approach being taken by one NASDAQ listed software firm. Its CEO, Michael Saylor, tweeted that MicroStrategy just spent $10 million to acquire 314 additional Bitcoin. MicroStrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury Reserve Policy, at an average…

January 22, 2021
What can invalidate the short-term bear scenario for Bitcoin?

The price of Bitcoin is showing strong momentum as it recovers above $33,000 following a relatively large correction on January 12. The general market sentiment around Bitcoin remains positive. But, there is one major invalidation point for the bearish scenario for BTC. Bitcoin must reclaim $36,000 In the foreseeable future, if BTC wants to reach…

January 22, 2021
Ripple looks to new administration to take U.S. blockchain industry forward

Team Ripple lets us know what to expect from cryptocurrency and blockchain technology going into 2021. The latest post from the San Francisco-based fintech giant covers multiple topics, including the ever blurring lines between crypto and banking, as well as expected changes in the DeFi market structure. But perhaps most pressing, in light of the…

January 20, 2021
Here’s why this crypto bull run may be different

Is there any doubt that we are in the early stages of a crypto bull run? Pick a metric, any metric, and chances are it points to that. For example, the total value locked in DeFi has never been higher. Equally, the total crypto market cap is also hovering in and around its all-time high…

January 20, 2021
What the first half of 2021 will look like for Cardano (ADA)

In his latest YouTube video, Charles Hoskinson, the CEO of IOHK, shared some of the updates scheduled to take place in the following weeks and months at Cardano, as well as the current state of development of the blockchain’s most important features and functionalities. Take a look at what’s been going on behind the curtains…

January 19, 2021
Venture investor explains why Ethereum is poised to blow past its $1,450 high

Ethereum has been moving higher after flatlining in the $1,150-1,250 range over the past week. Despite a local drop, the cryptocurrency remains up by over 12 percent in the past day and 25 percent in the past seven days, per market data from CryptoSlate. The cryptocurrency set an all-time high, well at least it did…

January 19, 2021
Bullish? Grayscale bought $500 million worth of Bitcoin in a single day

Grayscale purchased half a billion dollars worth of Bitcoin in the last 24 hours, according to Qiao Wang, an investor at DeFi Alliance. The massive increase in Bitcoin inflows into Grayscale merely a week after they reopened their products to new investors is indicative of high institutional demand for BTC. The 1-hour price chart of…

January 19, 2021