Ethereum has room to rally after surging 10% in the past 48 hours, according to recent on-chain data shared by Santiment. The blockchain analytics firm just noted that there are a number of trends suggesting ETH has room to extend to the upside. ETH’s latest bout of strength comes as Bitcoin has inched higher as…
The decentralized finance movement has helped drive up the value of Ethereum and other ERC-20 based projects compared to Bitcoin and other assets. It has prompted even Bitcoin holders to “wrap” their BTC in Ethereum. The amount of BTC supply wrapped in Ethereum has doubled in August alone, but why exactly is this happening, and…
Yearn Finance is now allowing people to stake their Ethereum holdings to earn higher yields via its new product yETH. The vault, which went live on Monday following a community vote, expects to attract a large amount of ETH tokens, with many observers noting that the migration would leave the Ethereum market with a supply-side…
Bitcoin has seen extreme strength over recent weeks, rallying around 30% in the past month. One pioneer in the cryptocurrency space thinks, though, that BTC may not see a great bout of price appreciation this market cycle. Related Reading: These 3 Trends Suggest Bitcoin Is Poised to Bounce After $1,000 Drop Synthetix Founder Doesn’t Think Bitcoin…
In a bizarre twist, investors hoarding rare casks of whisky highlights exactly why Bitcoin is among the most valuable assets to ever exist. But why are so many turning to gold, whisky, and Bitcoin even amidst such economic uncertainty? Supply And Demand Dynamics Make Rare Whisky A Hedge Against Inflation Some people enjoy the finer…
Following a 157% bull rally throughout the first half of August that saw Chainlink hit a new all-time high of $20, this cryptocurrency entered a massive downtrend. As sell orders began to pile up, LINK took a 36% nosedive to reach a low of $12.8 on August 21. Over the past few days, however, the…
Bitcoin breaking through resistance at $10,000 was a pivotal moment for the cryptocurrency. At the same time, it also breached a long-term downtrend line and top of a symmetrical triangle formation dating back from all-time high. All signs point to the new uptrend beginning. Halving-based cycle theories point to a new peak by the end…
Decentralized finance asset LEND continued its gravity-defying price rally ahead of the New York opening bell Wednesday even as its peers across the crypto space suffered sizeable intraday losses. The 21st-largest cryptocurrency surged 11.28 percent to $0.858 per token, its highest level to this date. Its upside move followed a four-week winning streak, wherein LEND/USD…
Google Trends can be a helpful tool to watch to spot sudden changes in crypto market sentiment. For example, searches for Bitcoin peaked back in 2017 when the asset ballooned to $20,000 before the bubble popped. Nearly three full years later, search queries for the term “buy crypto” has reached the highest level since the…
In a week that will see the world central bankers convening a virtual conference on the future of the economy, Bitcoin is rising. The benchmark cryptocurrency kicked off Monday with modest gains against the US dollar. It was up by $150, or 1.3 percent, to trade near $11,800 ahead of the New York opening bell.…