Bitcoin and Ethereum are in the green on high timeframes. The first and second cryptocurrencies by market cap seemed to be recovering well, after months of sustained selling pressure. At the time of writing, BTC trades at $49,319 with a 1.4% profit in the daily chart. Earlier, Bitcoin was rejected as it made its way…
As Bitcoin retests the $50k price level, on-chain indicators seem to be aligned so that they suggest the coin might explode upwards soon. Bitcoin Indicators May Be Showing A Calm Before The Storm As pointed out by a CryptoQuant post, Bitcoin indicators seem to be showing some interesting values right now. Some of these even…
Bitcoin price started a steady increase above the $48,000 resistance zone against the US Dollar. BTC is now trading above $49,500 and it could accelerate above $50,000. Bitcoin started a fresh increase above the $48,500 and $49,000 resistance levels. The price is now trading well above $49,000 and the 100 hourly simple moving average. There…
Bitcoin has been a part of billionaire Tim Draper’s investment portfolio for a while now. Draper had first gotten into bitcoin in 2011 when Peter Vincennes had convinced him to buy the digital asset. Draper had bought $250,000 worth of BTC, which he subsequently lost after the now-defunct Mt. Gox exchange crashed, where Draper had…
Data shows mid-cap altcoins have crushed Bitcoin and Ethereum in the month of August as their returns reach almost 60%. Mid-Cap Altcoin Index Ahead of Bitcoin And Ethereum As per the latest report from Arcane Research, the cryptocurrency market has seen a great month overall as indexes retain most of their gains till the monthly…
Boston-based investment firm Fidelity presented one of the most bullish scenarios for the price of Bitcoin, Anthony Pompliano said in his podcast “The Best Business Show”. Based on the Stock-to-Flow model develop by analyst Plan B, BTC’s price could stand at $100 million by 2035. With over $10.4 trillion in assets under management, Fidelity investment…
Bitcoin price is trading below the $48,000 resistance zone against the US Dollar. BTC could decline heavily if it fails to stay above the $46,500 support zone. Bitcoin failed to surpass $48,250 and dropped back to $46,500. The price is now trading well below $48,000 and the 100 hourly simple moving average. There is a…
Ethereum has been on an impressive growth path recently. The digital asset recently broke a three-month high after it broke through $3,400 in the early hours of Tuesday. Usage on the Ethereum network has increased drastically in the recent weeks, causing fee rates to surge 200% in the space of a week. As more users…
Top Quant uses the puell multiple to point out a pattern that explains why the current Bitcoin bull cycle is only in the first phase. The Bull Market Is Not Over, Phase 1 Has Just Begun According to a CryptoQuant analyst, past cycles show that the current Bitcoin bull market isn’t over yet. The puell…
Bitcoin price is struggling to break through resistance at $50,000, and it could partially be altcoins to blame for the weakness. The most recent technical structure on the highest time frames suggests that not only could alts continue to gain against BTC dominance, altcoin season itself could last a while longer. Bitcoin Dominance And Technical…