Category: Price Watch
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This on-chain indicator may spell trouble for the 88% of Ethereum investors who are underwater
Data shows that a whopping 88 percent of Ethereum investors are currently underwater on their investment, with the crypto’s massive decline from its all-time highs leaving a trail of financial destruction in its wake. This figure, although already shockingly large, may balloon even more in the weeks ahead, as some grim on-chain data suggests that…
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Bitcoin miners see heightened outflow as market conditions grow foggy
The turbulence seen within the cryptocurrency market throughout the past month has led to some fear amongst Bitcoin miners, which is illustrated by data regarding the BTC balance and outflows seen amongst miners over the past thirty days. This data shows that miners have significantly decreased their BTC holdings throughout the month of March, which…
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Analysts believe Bitcoin may see months of consolidation despite investors’ “extreme fear”
Bitcoin saw a relatively sharp decline late-yesterday that marked a bearish resolution to its multi-day bout of sideways trading within the upper-$6,000 region. This downwards movement has come about during a time of immense fear amongst cryptocurrency investors and has further compounded this uncertainty – leading the benchmark crypto’s fear and greed index to hit…
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Economist: Here’s how one Bitcoin call option could provide a 2,100% ROI by 2021
One economist is now noting that one simple trading strategy could provide Bitcoin believers who are receiving a $1,200 cash payout from the U.S. government’s newly passed stimulus bill with a way to maximize their money. This strategy is only effective for those who anticipate Bitcoin to climb higher by the end of the year,…
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Trading veteran says Bitcoin could be in “big trouble” if it doesn’t rally
Prominent analysts believe that Bitcoin’s fate will depend on how it performs during the ongoing financial crisis, but on-chain metrics reveal that there is significant resistance ahead. Bitcoin is on the verge of failure Many are wondering what is going to happen to Bitcoin now that President Donald Trump signed into law a historic $2…
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Bitcoin SV network grows steadily despite the global financial crisis
On-chain metrics reveal that the Bitcoin SV network is growing steadily. Meanwhile, its price sits on top of a significant support barrier. Overcoming market challenges Bitcoin SV has been in the center of controversy since it forked off Bitcoin Cash in mid-November 2018. Although Craig Wright and Calvin Ayre were able to bring a significant…
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Several key metrics suggest that Bitcoin could be preparing for a power move
Key metrics show that bulls may be betting heavily on Bitcoin as the coin reclaims ground from its late-February tumble in tandem with the global economy. Investors seem to be accumulating with real conviction. Bitcoin’s 7-day trading average volume as measured by the Bitwise 24-hour “real” spot volume index is at the highest level since…
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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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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…