Category: Analysis
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XRP is erasing “months of underperformance” as bulls fuel 8% rally; here’s what you need to know
XRP is currently in the process of posting a notable rally that has allowed it to outperform Bitcoin and most other major cryptocurrencies, with the embattled token’s bulls attempting to catalyze some much-needed upwards momentum. This has allowed the crypto to erase what one analyst is calling “months of underperformance” — although the long-term significance…
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Bitcoin difficulty dropping isn’t all that positive as many claim, as seen in Dec 2018
The difficulty of mining Bitcoin has dropped by more than 10 percent for the fifth time in the asset’s history. It previously marked the bottom of BTC, but not every time. In the first week of December 2018, the difficulty of Bitcoin mining dropped by 15.13 percent. Yet, BTC did not recover until four months…
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Chainlink nears critical support as data shows long-term “hodlers” may be jumping ship
Chainlink (LINK) shocked cryptocurrency investors throughout 2019 and the early part of 2020, with the crypto incurring an unwavering uptrend that allowed it to post multiple parabolic cycles, rarely showing any signs of technical or fundamental weakness. The 2020 crypto market selloff, however, seems to have done some significant damage to its market structure, with…
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Here’s why the U.S. unemployment rate may be a big deal for the crypto market
The U.S. stock market has incurred some notable upwards momentum today, marking an extension of that which was first incurred yesterday. This has allowed Bitcoin to also post some notable gains, with the nascent crypto market continuing to closely track equities. This stock market rebound isn’t showing signs of slowing down either, as the benchmark…
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This analyst believes Ethereum has a “cursed chart” and that new lows are coming
Ethereum captivated cryptocurrency investors in early-to-mid February of this year, which is when ETH was able to post a massive rally that sent it surging from yearly lows of roughly $125 to highs of $290, which is where its parabolic journey ended. Its price action in the time following this rejection has been grim, with…
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Economic downturn erases trillions from stock market and shows just how tiny crypto truly is
It’s no secret that 2020 has been a rough year for the world, kicking off with raging fires in Australia and heightened political tensions within the Middle East, followed by the rise of a deadly virus that has put the world economy on the brink of a recession, also causing nascent markets like crypto to…
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Top analyst: here’s the simple path forward for Bitcoin to become a major safe haven
Cryptocurrency investors have been greatly disappointed by Bitcoin over the past few weeks, with its lackluster price action seeming to invalidate the safe haven narrative that many investors had previously bought into. BTC’s close correlation to the traditional equities market is, however, showing some signs of breaking, with this potential decoupling coming about after the…
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This relatively small amount of money will pump-and-dump Bitcoin’s price
BitMEX recently suffered an attack that resulted in $1.2 billion in liquidations. Despite the significant amount of money that its users lost, data reveals that the platform is still susceptible to market manipulation. BitMEX’s roll in the crypto derivatives market BitMEX is one the biggest and most liquid Bitcoin and crypto-asset derivatives trading platforms around…