Ethereum’s value has hit a recent all-time high above $4,600. However, not everyone agrees that the altcoin is fairly priced. Analysts at JPMorgan fall into this category. Although the altcoin has made great strides in utility recently, the analysts do not believe that the coin is fairly valued. They believed that the fair price of…
Eric Adams, the new mayor of the city of New York, has once again publicly shown support for bitcoin. The mayor has long been in support of the cryptocurrency, saying he wanted to make New York the bitcoin capital of the country. His most recent show of support has only reiterated the mayor’s plan for…
On-chain data shows Bitcoin whales are dumping as they make up almost 90% of the transactions to exchanges, but BTC holds support above $60k. Bitcoin Exchange Whale Ratio Says Nearly 90% Of Transactions Are From Whales As pointed out by a CryptoQuant post, BTC has continued to hold support above $60k despite on-chain data showing…
Bitcoin price failed to stay above the $62,000 support against the US Dollar. BTC could decline heavily if it breaks the $60,000 support zone in the near term. Bitcoin failed to surpass $62,500 and started a fresh decline. The price is now trading below $62,000 and the 100 hourly simple moving average. There was a…
MicroStrategy has been bullish from the start evidenced by its bitcoin purchases. The firm owns over 110 bitcoins and has deepened its crypto bet at various times during the past year. The tech firm has continuously raised money at various points to purchase more BTC to add to its balance sheet and there is no…
Bitcoin price started a fresh increase above $60,000 against the US Dollar. BTC is rising and it could attempt an upside break above the $62,000 resistance. Bitcoin managed to pump above the $60,000 and $61,000 levels. The price is now trading above $61,000 and the 100 hourly simple moving average. There is a major bearish…
El Salvador has once again deepened its bitcoin bet with another purchase. The sovereign nation had made history as the first to officially implement bitcoin as a legal tender back in September. To mark the historical moment, President Nayik Bukele had announced that the country had bought 200 bitcoins. A promise to purchase more followed…
Bitcoin price failed to stay above the $60,000 level against the US Dollar. BTC is consolidating losses and it remains at a risk of more downsides below $58,000. Bitcoin extended its decline below $62,000 and $60,000 support levels. The price is now trading below $60,000 and the 100 hourly simple moving average. There is a…
Bitcoin exchange balances have been on the decline since the bull rally began. The volumes were expected to go up once the digital asset had hit a new all-time high in October. However, this was not the case. Previous trends have often pointed to exchange balances seeing an increase in bull markets when investors moved…
Data shows greed in the crypto market has spiked to seven-month highs as coins record new all-time highs (ATHs). Crypto Fear And Greed Index Points At Extreme Greed As per the latest weekly report from Arcane Research, the fear and greed index has recorded seven-month highs as the needle points at extreme greed. The “fear…