Amazing Crypto

Category: Analysis

  • Ethereum daily transaction volume going “parabolic,” ETH price breaks $1400

    Ethereum daily transaction volume going “parabolic,” ETH price breaks $1400

    The daily transaction volume of Ethereum is going “parabolic,” according to researchers. This trend buoys the short to medium-term bull case of ETH, which has been outpacing Bitcoin in the past few days. Ryan Watkins, a researcher at Messari, said: “Ethereum’s daily transaction volume is going parabolic. It now settles $12 billion in transactions daily…

  • Data shows Bitcoin mining difficulty flat despite near 300% gains in price

    Data shows Bitcoin mining difficulty flat despite near 300% gains in price

    Today sees the Bitcoin bulls mounting a fightback following the weekend slide. Although the leading cryptocurrency is up a relatively modest 3%, it’s still welcome news considering the pain of last week’s sell-off. Despite recent turbulence, Bitcoin’s macro performance has been nothing short of remarkable since the end of Q3 2020. While the lead up…

  • Analysts explain why Bitcoin is primed for a rally back to $40k and higher

    Analysts explain why Bitcoin is primed for a rally back to $40k and higher

    The price of Bitcoin is hovering under $37,000 after the correction from $40,000 in the past 72 hours. Trader Peter Brandt believes BTC would either face a “complicated” correction or see a broader rally. Brandt, a long-time trader, pinpointed the daily price chart of Bitcoin to explain that the range is tightening. When the range…

  • Analyst on why Bitcoin and crypto may be in the midst of a “mini bear market”

    If you look at Twitter, it may appear that the crypto market is anything but bearish. Friday and Saturday were marked by extremely strong rallies in the prices of altcoins, despite consolidation in the two leading cryptocurrencies. Many small caps, medium caps, and even large-cap altcoins enjoyed gains of 10-50 percent yesterday, resulting in a…

  • Curve (CRV) erupts 50% higher in a day amid renewed DeFi interest

    The majority of decentralized finance (DeFi) coins have seen extremely strong rallies since the start of 2021. Analysis by crypto-asset analyst Ceteris Paribus found that since the start of the year, like literally two weeks ago, the average DeFi large-cap has seen 75 percent gains. This includes coins such as Aave (AAVE), Compound (COMP), SushiSwap…

  • Wall Street investor advises more investors to put a few percent into Bitcoin

    A large narrative over the past few months is the introduction of institutional capital to the Bitcoin space. It began in 2020 with Paul Tudor Jones, a billionaire Wall Street investor who put a few percent of his fund into BTC futures. He did this in preparation for the May halving, writing that Bitcoin’s scarcity…

  • Chainlink and Aave hit all-time highs: why are DeFi tokens rallying hard?

    Chainlink and Aave, two major DeFi-related cryptocurrencies, are surging strongly in tandem with Bitcoin. Aave surpassed $200 for the first time in history, solidifying its position as the fourth-largest DeFi token behind Uniswap (UNI). Chainlink keeps its position as the biggest DeFi token by market capitalization, valued at around $9 billion. Why are Chainlink and…

  • Is Bitcoin price manipulation by whales a real thing?

    Is Bitcoin price manipulation by whales a real thing?

    The Bitcoin paradox presents something of a predicament. On the one hand, Bitcoin sells itself as a financial equalizer. But at the same time, it’s one of the world’s most unequally distributed assets. David Lin, of Kitco News, raised this point in discussion with the Director of Research at GraniteShares, Ryan Giannotto. Giannotto agreed with…

  • Singapore trading desk explains what is driving the ongoing Bitcoin bull market

    Bitcoin has undergone an extremely strong rally over recent months, despite the ongoing drop. The cryptocurrency, which trades for $36,000, is up around 100 percent in the past six weeks, and even more over the past six months. Other cryptocurrencies aside from BTC have also done well. Chart of BTC’s price action over the past…

  • Alpha Alarm: The Bitcoin outlook

    Alpha Alarm: The Bitcoin outlook

    This analysis was brought to you by Alpha Alarm, a Substack newsletter featuring daily crypto analysis. You can subscribe here. The market sentiment around Bitcoin is improving once again. Bitcoin strongly recovered from $30,500, solidifying it as a major support area. Oaktree’s Howard Marks, who was a Bitcoin skeptic for a long time, has become…