Data has shown that Grayscale’s Ethereum Trust is currently trading at a huge premium against ETH’s net asset value, indicating that there’s a fair amount of FOMO following it.While it’s still hard to determine whether the huge increase was caused by institutional or individual investments, traders should be careful when investing in products with such…
As difficult it may be to believe, you’ve read that headline accurately – altcoins may finally be ready to break out against Bitcoin and bring the battered and beaten asset class more in line with the recovery the number one cryptocurrency has had.The first shot fired came today with the latest Bitcoin price flash crash,…
Just ahead of last night’s daily close, Bitcoin price exploded above $10,000 in a powerful break of the asset’s most important resistance, liquidating overleveraged shorts along the way.But Sunday night’s daily price candle coming to a close also opened a new weekly price candle, which also triggered a TD 9 sell setup. It’s that signal…
The popular crypto exchange Coinbase has come under scrutiny recently by the greater cryptocurrency community, after widespread frustration over system outages during peak Bitcoin volatility has boiled over.What’s causing the issues and why can’t Coinbase keep up with the meager crypto demand currently, and what does this mean for the next bull market if and…
It appears Bitcoin missed a medium-term upside target above $11,500 after undergoing a significant sell-off in March 2020.The major northward move had appeared out of a Falling Wedge breakout.Bitcoin reentered the Wedge after the crash and followed it with a breakout towards a new bull target near $9,500.The cryptocurrency is still eyeing $11,500.Bitcoin is sending…
Bitcoin eyes market growth heading into June as yuan falls to its lowest levels in eight months.Both assets have shown an erratic negative correlation in the past.Goldman Sachs sees yuan falling to its 2008 low, raising possibilities of an explosive price rally in the Bitcoin market.With halving in rearview, Bitcoin traders are now looking at…
Ethereum has flashed signs of immense strength in recent times, as the cryptocurrency was able to rally to highs of $245 while Bitcoin and most other altcoins only saw tempered gains.Although this uptrend has flashed some signs of stalling as it struggles to gain a foothold within the $240 region, analysts are noting that the…
One of the cryptocurrency market’s worst-performing altcoins has finally broken out from an over 800-day downtrend.With all remaining diagonal downtrend resistance cleared, what’s next will likely be retests of key horizontal and psychological resistance levels above, and possibly even the asset’s former all-time high. What exactly will it take for this cryptocurrency to get there,…
Crypto is set to benefit immensely over the coming years as the wheels begin falling off the fiat system. While stimulus efforts may have delayed the social and economic impact of the situation we face, it is becoming more apparent that kicking the can down the road only proliferates the problem.A mass awakening to this…
Crypto assets and blockchains have long had ambiguous use cases.Some say that this industry is good for replacing traditional institutions like governments and financial service providers. Others say that blockchain’s sole purpose is to boost the efficiency of modern corporations that may need to accelerate their supply chains or otherwise.Unfortunately for cryptocurrency bulls, many of…