Category: Price Watch
-
Analyst: this statistical model says there’s a 75% chance Bitcoin rallies even higher next week
Yes, the price of Bitcoin may have stalled over the past three days, stagnating around $7,500, but the cryptocurrency is still decisively bullish from a macro perspective, analysts say. In fact, should BTC close the weekly candle above $7,100 in approximately seven hours as of this article’s writing, this will be the sixth — yes,…
-
Top-40 altcoin Digibyte rumored to be close to a 51 percent attack
Digibyte, a cybersecurity and authentication-focussed cryptocurrency, is seemingly close to the infamous 51 percent attack. If executed, the altcoin would follow Bitcoin Gold as the second major blockchain attacked by majority mining in 2020. Metrics raising questions A post on r/cryptocurrency, the popular subreddit devoted to digital assets, on April 27 first brought attention to…
-
A popular pricing model estimates that Bitcoin will reach new all-time highs this year
One particular pricing model, which has gained popularity over the years after accurately predicting the price of Bitcoin, estimates that the flagship cryptocurrency is going to go ballistic after the upcoming halving. Bitcoin’s stock-to-flow model In early 2019, a prominent figure within the cryptocurrency community known as Plan B published an article entitled “Modelling Bitcoin’s…
-
After 90% crash, Ethereum just printed a major cycle bottom: fund manager
Believe it or not, there was a time when a single Ethereum traded for over 0.10 BTC, meaning that you could sell a mere handful of the altcoin and obtain a whole Bitcoin as a result. However, it’s a whole different story today; since the highs set at the peak of 2018’s bubble, altcoins have…
-
On-chain data: Chainlink (LINK) is vulnerable to stark drop after 150% rally
Like other cryptocurrencies, Chainlink has embarked on a stunning recovery over the weeks since March’s capitulation event on Mar. 12th. From the 2020 lows at $1.50, LINK has gained a jaw-dropping 158 percent, rallying from those levels to a high just shy of $4.00 this past week. This is one of the strongest performances in…
-
Data shows Ethereum 2.0 is sparking accumulation; will it trigger a bull run?
Ethereum 2.0 has long been looked upon as an event that would help take the ETH blockchain to the next level, fixing the various scaling issues it has previously confronted while also shifting to an efficient proof-of-stake (PoS) consensus mechanism. Naturally, the efficiency and scalability improvements will work to bolster the blockchain from a fundamental…
-
Chainlink garners coveted Gemini listing following glowing praise from Winklevoss
Chainlink has gained major support from cryptocurrency investors throughout 2019 and 2020 — a trend that is reflected in its massive community growth and exponential price rise. This growth has attracted the attention of some prominent figures within the crypto industry, including Gemini co-founder and CEO Tyler Winklevoss, who recently stated that he “appreciates the…
-
These 3 key factors are behind the impressive 15% upsurge of Tezos
Tezos (XTZ) is up 28 percent in the past three days, well-outperforming Bitcoin which has increased by 11 percent in the same period. Three major factors are behind the strong momentum of the cryptocurrency. Three factors that are pushing the price of Tezos are thriving ecosystem supported by large grants for projects, stable asset portfolio…
-
$75 million liquidated: Bitcoin’s power move leaves trail of destruction for bears
Bitcoin saw an explosive upside movement earlier today that caught the cryptocurrency’s bears off-guard, leading to over $75 million in positions to be liquidated. Open interest (OI) on popular crypto trading platform BitMEX has also plunged in the time following this movement, with the freshly liquidated positions apparently leading many traders to move to the…