In bear markets, holders accumulate showing unwavering faith. The other side of that is a decrease in the “willingness to spend” or use the assets. The latest Intotheblock report “highlights the diverging pictures between on-chain demand and accumulation of the largest two crypto-assets.” Some people still have trouble admitting we’re currently in a bear market,…
In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at Litecoin, the LTCBTC and LTCETH trading pairs, and how the cryptocurrency could lead the crypto rally and outperform both Bitcoin and Ethereum. Take a look at the video below. VIDEO: Litecoin Price Analysis (LTCUSD): August 29, 2022 Litecoin went from an enthusiast…
After the Federal Reserve annual meeting, BTC prices and other cryptocurrencies started a downhill trend on August 26. As of August 29, the market is showing no sign of recovery. Instead, the total crypto market cap has lost its $1 trillion mark. The current crypto market cap level stands at $950 billion, after losing a…
The crypto market is yet to recover from a spike in selling pressure over the weekend, with Ethereum and other cryptocurrencies almost reaching double-digit losses. Bitcoin has been one of the worst performers these past few days and might weaken during September. In the coming weeks, market participants will have their attention set on the…
Bitcoin started a major decline and traded below $20,000 against the US Dollar. BTC remains at a risk of more losses unless it recovers above $20,000. Bitcoin started another decline below the $20,200 and $20,000 levels. The price is now trading below the $20,000 level and the 100 hourly simple moving average. There is a…
The crypto community has witnessed another price plunge after the just concluded Federal Reserve annual meeting. Many investors already anticipated a new turn in asset prices after Jerome Powell spoke on the approach to combat inflation. But from the turn of events, Powell tipped the scale against investors’ expectations. As a result, many cryptocurrencies and…
On-chain data shows both the Bitcoin taker buy and taker sell volumes registered large spikes over the past day as the price goes through volatility. Bitcoin Taker Buy And Taker Sell Volumes Have Surged Up To High Values As pointed out by an analyst in a CryptoQuant post, both the BTC taker buy and taker…
On-chain data shows the Bitcoin MVRV ratio has declined below one recently as the average holder has now slipped back into a state of loss. Bitcoin MVRV Is Now Back In The Historical Bottom Region As pointed out by a post on CryptoQuant, the BTC MVRV ratio has now come down into the region below…
In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the Bitcoin logarithmic growth curve, the Power Law Corridor, and the 200/100/50-week moving averages. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 26, 2022 US Fed Reserve Chair Jerome Powell’s speech today is already having an impact on…
Bitcoin has gained $500 in the past hour as the U.S. potentially confirms what could be a short-lived peak in inflation metrics. The U.S. Central Bank, and the Federal Reserve (Fed), will hold an important event today, and the crypto market might see a bullish continuation. At the time of writing, Bitcoin (BTC) trades at…