Bitcoin started an upside correction above the $48,000 resistance zone against the US Dollar. BTC could gain pace if there is a close above the $50,000 level. Bitcoin started a decent increase above the $47,500 and $48,000 levels. The price is now trading above $48,500 and the 100 hourly simple moving average. There was a…
Bitcoin remained stable above the $46,000 support zone against the US Dollar. BTC could start a steady increase if there is a clear move above the 100 hourly SMA. Bitcoin is forming a base above the $46,400 and $46,000 support levels. The price is still trading below $48,500 and the 100 hourly simple moving average.…
The Bitcoin NUPL indicator shows the market is currently testing a key support level that may be a junction between bullish and bearish trends. Bitcoin NUPL Shows Market Currently Stands At Key Support Level As per the latest weekly report from Glassnode, the NUPL shows that the market has entered a key zone that can…
The Bitcoin versus Ethereum debate has been going on for years and waxes stronger as the market grows. Pitting the two top cryptocurrencies against each other has been one of the greatest pastimes for the market. However, not everyone subscribes to the school of thought that they are in competition. ARK Invest CEO Cathie Wood…
The crypto market is in turmoil – a major change from the exuberance that kickstarted the year. One of the most important figures responsible for the euphoria in Q1, was none other than the self-proclaimed Dogefather, Elon Musk. His sudden love affair with Bitcoin and other crypto assets send valuations flying, and once he changed…
Bitcoin has been the leading choice for investors in the crypto space being the first of its kind. However, there is more to why the cryptocurrency is so attractive for investors. The limited supply of the digital asset has secured its reputation as a deflationary asset, making it a great inflation hedge. There will only…
Bitcoin is struggling to clear the $50,000 resistance zone against the US Dollar. BTC could decline heavily if it stays below $50,000 for a long time. Bitcoin is struggling and showing bearish signs below the $50,000 resistance. The price is now trading just below $49,000 and the 100 hourly simple moving average. There was a…
On Monday, it was determined by a Miami court that Craig Wright, the alleged creation of Bitcoin, would pay $100 million in damages to David Kleiman, Wright’s partner. The case had dragged on for about a year and finally came to an end with this judgment. This time, Wright did not appeal the judgment as…
Bitcoin’s utility as an inflation hedge has been a big push for the adoption of the cryptocurrency by investors. Ethereum on the other hand is fast-rising to become the preferred crypto for hedging against inflation for investors. The digital asset’s performance over the past couple of years has proven that it is a strong contender…
On-chain data shows Bitcoin miner reserve is growing as miners are accumulating BTC. The Puell Multiple confirms that miners don’t want to sell at the current price level. Bitcoin Miner Reserves Grow To Highest Value For The Year As pointed out by a CryptoQuant post, BTC miner reserve has been going up as miners seem…