Category: Analysis

This data shows Bitcoin’s halving hype is fading; here’s what this means for investors

Bitcoin’s upcoming mining rewards halving has long been looked upon as a bullish event that will catalyze upwards momentum for BTC due to the effect it has on the cryptocurrency’s inflation rate, and historical precedent backs this notion. It is important to note that analysts have claimed that the short-term impact that the halving has…

March 10, 2020
Analyst: This top crypto is poised for a massive rally if it breaks this key level

The crypto market has seen a slight rebound today as Bitcoin and major altcoins like Tezos to put some distance between their current prices and their recent lows. This bullishness has been highly tempered, however, as BTC has already begun inching lower. One major crypto has been able to significantly outperform Bitcoin and other major…

March 10, 2020
Libra Association Member Explains Recent Crypto Market Downturn

The cryptocurrency market has taken a tumble in recent weeks and days. Perhaps most notably, the price of Bitcoin recently fell to levels near $7,500 during yesterday’s stock market meltdown. Now, a Libra Association member is shedding some light on the crypto market downturn. What’s behind the recent crypto market downturn? Specifically, this crypto broker…

March 10, 2020
These bearish mining-related factors suggest Bitcoin’s selloff is just getting started

It’s no secret that the past few weeks have been rough for Bitcoin, with the top digital asset by market capitalization seeing significant downside that has severely damaged the bullish market structure formed throughout January and February. Although analysts are skeptical that this ongoing selloff could extend that much further, there is a myriad of…

March 10, 2020
This economic model shows Bitcoin on track for a 1000% climb despite recent selloff

Bitcoin (BTC) has been subjected to an unrelenting downtrend over the past few weeks, which has occurred in tandem with the selloffs seen by more traditional asset classes. This has led the digital asset to erase the bulk of its 2020 gains, and potentially invalidate the bullish market structure resulting from this recent uptrend. Analysts…

March 9, 2020
Data shows the crypto market is inversely correlated with Coronavirus discussion rates

Fear surrounding the lethal Coronavirus (COVID-19) has plagued the global markets, sending shockwaves across multiple asset classes that has led commodities, crypto, and equities to all post sizeable losses over the past several weeks. New data from a prominent analytics firm elucidates an interesting trend when it comes to the correlation between the crypto market…

March 9, 2020
This top cryptocurrency barely flinched as $40 billion got wiped off the market

From March 8 to 10, within a 48-hour span, the Bitcoin price plummeted by 13 percent in a severe short-term pullback. As the cryptocurrency market crashed overnight, one asset outperformed BTC and other major altcoins. In the same period, Chainlink (LINK) rose ten percent against Bitcoin, performing strongly against the entire cryptocurrency market. Why has…

March 9, 2020
Investors rush to safe havens while Bitcoin fails to meet expectations

Safe-haven assets are on the rise amid concerns over a widening coronavirus outbreak. Meanwhile, Bitcoin collapsed over the weekend as investors begin to question its capability to act as a hedge. Global rush into havens Gold prices surged above $1,700 per ounce as investors massively took a flight to safety worldwide. The precious metal hit…

March 9, 2020
Aftermath of the shocking $1,500 Bitcoin plunge: where do top traders see BTC next?

The Bitcoin price has dropped by 16 percent since March 8 in one of the steepest sell-offs in recent months. After the brutal drop, the sentiment of top traders on the short-term price trend of BTC remains divided. Bitcoin trend is bearish, for a start As reported by CryptoSlate, the overnight $1,500 plunge of Bitcoin…

March 9, 2020
Analyst: Bitcoin could see an explosive upwards movement after tapping key “buy zone”

Bitcoin (BTC) saw a massive selloff this morning that sent the cryptocurrency reeling from the upper-$8,000 region to lows of $8,100, before finding some support that has allowed it to rebound slightly. This intense selloff has led the benchmark crypto to dive into what one top analyst is calling a long-term “buy zone” – meaning…

March 8, 2020