Bitcoin’s firm bout of sideways trading over the past few days has muddied the clarity that some analysts previously had about the strength of BTC’s recent uptrend, as some traders are now eyeing its recent highs of $9,200 as a mid-term top.It is important to note, however, that the crypto’s bulls have been ardently defending…
Studying Bitcoin wallets and the number of BTC they hold shows evidence of a growing pattern of accumulation of the digital asset. The number of Bitcoin addresses with a balance of more than one BTC has been consistently increasing since the launch of the cryptocurrency more than a decade ago.Despite volatility that has seen the…
Out of more than 5,000 high and small-cap crypto assets, only three have displayed close to zero correlation with bitcoin.A Binance Research report published earlier Wednesday named ATOM as the cryptocurrency that is least concern with the price movements of bitcoin. The Cosmos blockchain’s staking token has a median annual coefficient of 0.31, which indicates…
Tron founder and CEO, Justin Sun, teases the crypto community yet again with talk of another big name partnership. This time, it’s Apple supremo, Steve Wozniak, who takes the honors.Justin Sun’s Style Continues To Divide Opinion in Crypto CommuityMaster marketer, Justin Sun is seldom far from the limelight. Many have praised his skill in stirring…
For almost its entire existence, Bitcoin mining has been dominated by Chinese companies. Most of the world’s largest mining pools, chip manufacturers, and the ASIC operators themselves call the country home.Wanting to see that change is Brandon Arvanaghi of US mining company Layer1. He goes as far to say that the United States providing hashing…
Last week’s explosion in growth across Bitcoin and the altcoin market caused the total cryptocurrency market cap to all break above the 200-day moving average – an important level that smart money often trades based on. However, Bitcoin has failed to hold above the same moving average and may have dragged the total crypto market…
While Bitcoin’s recent downtrend saw the leading crypto asset by market cap’s value slashed in half from the local peak of $14,000, those that traded Bitcoin’s recent downtrend buying one specific trendline and selling another each time the asset made a touch would have resulted in a massive increase in BTC held, and overall USD…
Bitcoin has had a rocky past few days, surging to highs of $9,200 this past Saturday before meeting insurmountable resistance that has sparked a short-term downtrend. This downtrend has led BTC into the mid-$8,000 region, but the losses may not end here.One analyst is now noting that Bitcoin recently closed beneath a key technical resistance…
XRP and the majority of other major altcoins have been able to develop firmly bullish market structures over the past few weeks, which has been driven by the massive 2020 uptrend that the crypto market is currently caught within.XRP – which is currently coming off of an incredibly rough 2019 – has been able to…
Chinese New Year is just around the corner and people are once again debating its possible impact on Bitcoin price. A popular theory is Chinese investors cash out holdings before the holiday, creating additional selling pressure in the market.The lunar festival, held during different weeks of the Western calendar each year, will mark the beginning…