Category: Analysis
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Here’s why crypto funds are seeing massive inflows of institutional money
Q1 2020 was a record quarter for Grayscale Investment Products, with their crypto funds seeing an unprecedented influx of new capital, suggesting that institutional traders are increasing their exposure to digital assets at a rapid rate. According to this data, the vast majority of this capital came from institutional investors while only a small portion…
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These macro trends are likely to hold massive sway over Bitcoin in 2020
Throughout the past couple of months Bitcoin has traded against a macro backdrop of economic uncertainty for the first time in its relatively short decade-long history. Although the crypto has not been able to match the gains seen by other forms of hard money like gold throughout the past several weeks, it has held up…
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Key metrics reveal Bitcoin, Ethereum, and XRP future looks promising
On-chain metrics reveal that the top three cryptocurrencies by market cap—Bitcoin, Ethereum, and XRP—are bound for a bullish impulse, despite the significant gains posted recently. Bitcoin’s holders are becoming optimistic Bitcoin is back above the $7,000 mark as it approaches the “optimism” zone based on Glassnode’s Net Unrealized Profit/Loss (NUPL) indicator. Historical data reveals that…
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These analysts are confident Ethereum’s price will explode higher due to 3 reasons
[youtube https://www.youtube.com/watch?v=yZhZhAoA9YQ&w=560&h=349] Bitcoin’s value proposition, according to many of its investors, is cut and dried: as they say, it’s a scarce, decentralized, borderless, and digital form of money for the world. The value propositions of other cryptocurrencies, however, is a bit more muddied. A case in point of this conundrum is as follows: some say…
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Key indicator shows Bitcoin may be on the cusp of entering a bull market
The Bitcoin price action seen throughout 2020 has done little to offer investors insight into its macro outlook, with its intense rise in January and February kindling optimism before this was shattered during the capitulatory decline seen on March 12th – a day that will live in infamy as “Black Thursday.” One key indicator may…
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Data shows retail demand for Bitcoin is rapidly mounting, even after 100% rally
Even after the recent tepid price action Bitcoin remains 86 percent above its $3,700 lows set in March’s “Black Thursday” crash. Instead of deterring late arrivals, this strong rally has seemingly convinced many retail traders that Bitcoin’s rally is far from complete. Case in point: a confluence of data sources indicates that demand for cryptocurrencies…
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Bitcoin’s network growth is declining; here’s what it means for the bulls
Investors are growing more optimistic about the coronavirus outlook and this can be seen in the rise of the U.S. stock market. This sense of bullishness, however, is not visible across the crypto markets and on-chain data reveal that Bitcoin is turning bearish. Optimism grows in the U.S. stock market Over the last few days,…
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These Q2 Ethereum trends could have heavy influence over its mid-term outlook
Ethereum has seen mixed price action throughout 2020, with the cryptocurrency first incurring a parabolic uptrend in early-February that led it to highs of $290, before it lost its momentum and reeled all the way down into the sub-$100 region in mid-March. In the time since this capitulatory decline, ETH has clawed its way back…