Category: Price Watch
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Data shows investors bought huge amounts of Ethereum this week, sparking joy for rally
Throughout the past month, Ethereum has outperformed most major cryptocurrencies to become one of the best-performing assets amidst a strong bitcoin upsurge. Since Feb 1, within just 19 days, the Ethereum price has increased by 60 percent against the USD, from $185 to $280. What’s pushing the Ethereum price up? According to global markets analyst…
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Real Bitcoin volume is exploding as seen in Bakkt, fueling the crypto rally
The daily volume of the Bakkt Bitcoin futures market has been on a consistent rise since mid-January. Despite the criticism of the recent rally by some investors who call it an attempt at manipulation, data shows that real volume is on the rise. Real Bitcoin volume is rising When volume rises in tandem with the…
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Bitcoin’s reaction to this key level could determine whether “altseason” continues
Bitcoin (BTC) has led the crypto markets to see some intense bearishness over the past couple of days, with its recent drop below $10,000 leading many of the altcoins that were previously caught within intense uptrends to see sizeable retraces. In spite of the conspicuous bearishness stemming from the market-wide downtrend seen over the past…
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Bitcoin plummets to key support as analysts eye potential further downside
Bitcoin (BTC) bulls were surprised to see the benchmark cryptocurrency plummet to below $10,000 yesterday, which this drop marking a bearish resolution to the tight trading range the crypto had previously been caught within in the lower-$10,000 region. Today, this bearishness extended further as the crypto reeled down to lows of $9,700, with today’s drop…
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A big Bitfinex Bitcoin whale is anticipating a severe correction, will he be right?
A Bitcoin whale on Bitfinex who identifies as Joe007 has been consistent in calling for a steep correction in the market since the $9,000s. The individual explained the current bull market has been highly manipulated by other whales, and a pullback is unavoidable. Profitable for six consecutive months According to cryptocurrency trader Jacob Canfield, Joe007…
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Ethereum is on the cusp of a bear cross, placing it in dangerous territory
Ethereum’s insane rally throughout the past few weeks has allowed ETH to be one of the best performing major altcoins so far this year, only with a couple of smaller altcoins seeing gains that can rival it. This intense upwards momentum reached a fever pitch when the crypto broke above its key psychological resistance at…
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Ethereum’s bull run – the blockchain perspective
Research by Jesus Rodriguez and Lucas Outumuro of IntoTheBlock Ethereum has been experiencing a tremendous market momentum with a price increase of over 55 percent in this month. From a valuation standpoint, Ethereum has always been particularly complicated as it influenced not only by the performance of the native cryptocurrency but also all the token running…
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Chainlink (LINK) sets fresh all-time high, and it’s showing no signs of slowing down
Chainlink has been one of the best performing cryptocurrencies over the past two years, with LINK posting massive gains over the past several months with its insane momentum allowing it to set fresh all-time highs. This momentum is showing no signs of slowing down, and analysts are now noting that LINK was just able to…
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This strange set of data shows Bitcoin may be about to enter its mass hysteria phase
Because of the size of Bitcoin’s market, its movements are largely guided by retail investors, with investors’ sentiment regarding the market playing a major role in its long-term trends. Investor sentiment is rather difficult to quantify, however, with some analysts attempting to use key phrase search scripts to identify the type of terminology that investors…