Category: Price Watch
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Cardano (ADA) is caught within a firm uptrend, but sentiment data shows investors don’t seem to have taken notice
Cardano (ADA) has been flashing signs of growing strength throughout the past several days and weeks, with the altcoin rapidly beginning to incur some notable momentum. Despite being able to post a 13 percent climb throughout the past week, social data indicates that investors haven’t been taking too much notice of the altcoin. This may…
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Bitcoin investors grow overwhelmingly bullish despite the thread of a steep decline
With another halving written into the history books, Bitcoin continues on the spotlight of the cryptocurrency market. Investors appear to be growing optimistic about what the future may hold for the flagship cryptocurrency. Optimism around Bitcoin explodes Data from The TIE shows that Bitcoin’s daily sentiment score is at the highest ever recorded since 2017.…
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Bitcoin sees declining network health despite price rally towards $10,000
Bitcoin’s macro uptrend seen throughout the past two months has now led it to enter a consolidation phase as it struggles to surmount $10,000. Analysts are widely watching to see how it ultimately responds to the coveted five-figure price region, as another firm rejection here could prove to be enough to spark a short-term downtrend.…
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Beware: this altcoin’s price action could be part of a pump and dump scheme
0x has been in the spotlight of the cryptocurrency market following an increase in the buying pressure behind it that saw its price rise over 140 percent. The bullish momentum appears to have been fueled by an endorsement made by a prominent figure in the cryptocurrency industry. Now that ZRX has reached new yearly highs,…
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Options data: Big Bitcoin traders are still betting on a “retrace” despite halving
It’s been quite the past few months for Bitcoin. In the face of a recession — a recession that central bankers are saying will be the worst in modern history, potentially worse than the Great Depression — the cryptocurrency market has not only rallied, but it has also seen positive news flow. So positive, in…
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Ethereum exchange balance rockets to all-time highs; spelling trouble for its strength
Ethereum hasn’t been performing well against Bitcoin throughout the past few days and weeks, with this trend simply marking an extension of that seen throughout the past couple of years. The amount of Ethereum being held within exchanges has rocketed to all-time highs as of late, even seeing tremendous growth in the time following the…
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Bitcoin’s halving sent on-chain metrics through the roof while whales accumulate
The Bitcoin network successfully went thought its third halving on Monday. Consequently, reducing the rate of issuance from 12.5 BTC per block to 6.25 BTC. Some of the most prominent figures within the industry anticipated that this event could trigger a catastrophic correction. However, the flagship cryptocurrency only took a 19 percent nosedive over the…
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Idled Ethereum tokens are on the move suggesting incoming volatility
Ethereum suffered a significant correction over the weekend, dropping more than 18 percent. The price of the second most valued cryptocurrency in the market went from trading at a high of $215 to hit a low of $176 on Monday. Data from Datamish reveals that the recent bearish impulse saw nearly 5,900 ETH worth of…