Category: Price Watch
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Bitcoin’s on-chain metrics suggest a “bullish” market regime may be imminent
Since March’s lows, Bitcoin has gained over 100 percent, outperforming most other over $100 billion assets within the same time frame. Yet, this may be the start of an even greater rally with a top on-chain analytics firm affirming that per their data, BTC is just transitioning to a “bullish” market regime, exiting the bear…
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Bitcoin’s boom against altcoins proves the rally to $9,000 is legitimate
Bitcoin and cryptocurrencies have experienced a massive surge over the past 10 days. After trading in the $7,000s for weeks on end, BTC finally saw a breakout to $9,500 just last week, since settling into a consolidation pattern a few percentage points shy of the high. Some have been skeptical about if the positive trends…
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Ahead of Bitcoin halving, Stellar (XLM) just broke a major resistance level not seen since 2018
Investors and traders holding Stellar (XLM) may have a reason to rejoice. The payments-based cryptocurrency just broke a significant resistance level and might see a price rise if momentum is sustained. Popular cryptocurrency trader Josh Olszewics, who goes by CarpeNoctom on Twitter, observed Lumens closing above the “Kumo” resistance for the time since 2018. 2D…
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Crypto market wipes out $14 billion as feared Bitcoin halving dump starts
The crypto market lost $14 billion overnight as the Bitcoin price dropped from $9,200 to $8,600 by more than 6.5 percent. The correction occurred with less than seven days left to go before the highly anticipated block reward halving initiates on May 12. A block reward halving is a mechanism that is triggered once every…
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Analyst: Model predicting Bitcoin will hit $288k is no better than “moon cycles”
To most, Bitcoin’s rally from literal irrelevance to becoming one of the most valuable assets in the world is hard to explain. The critics say that the value of the cryptocurrency is entirely based on speculation by foolish retail investors willing to buy into what they think is a Ponzi scheme. Thus, when a quantitative…
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Bitcoin reclaims key logarithmic growth curve as the case for upside grows
Bitcoin’s intense uptrend seen in the time following its mid-March meltdown has allowed it to put some significant distance between its current price and its recent lows, nearly erasing all of the losses that were incurred in the time following its late-February downturn. The latest push higher has allowed BTC to reclaim its position within…
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Ripple reveals only $1.75 million in OTC institutional sales but massive XRP trade volumes in 2020
Ripple Lab’s Q1 Markets Report for 2020, a quarterly publication detailing XRP’s growth, revealed a massive 90 percent drop in institutional token sales compared to the last quarter of 2019. On the plus side, however, the firm saw a significant uptick in trading volume and a successful cross-border project. Fading institutional interest? Published on April…
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Bitcoin fully recovers to pre-crash levels, but signs of a pullback are still on the horizon
Bitcoin has managed to fully recover as optimism grows around the upcoming halving, but a renowned analyst suggests that a correction could be underway. Bitcoin is back above $9,000 The bullish impulse behind Bitcoin seen over the past three days allowed it to recover the gains lost during the March market meltdown. The flagship cryptocurrency…
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Here’s why Ethereum’s “hodlers” could ultimately fuel an explosive uptrend
Ethereum has seen notable volatility in recent times, primarily stemming from that seen by Bitcoin and many of its other peers. This has allowed the ETH to rally to fresh post-February highs of $230 overnight, although its push up to this level proved to be highly unsustainable and resulted in it declining back into the…