Bitcoin and other cryptocurrencies in the market have had an interesting week-and-a-half. From the CPI report to the completion of the Ethereum Merge, it has been a rollercoaster of volatile activity across the market. Even with this, the market is still not done with its big events. The FOMC meeting is held on Wednesday, which,…
The whole UST debacle has seen traders emboldened in the market against stablecoins. The result of this had been more investors going after the pegs of other stablecoins such as USDT and trying to see if they can destabilize the coin. Most prominent of this had been Tether USD, whose peg saw the most opposition…
Let Fidelity take the wheel and drive you through the wonderful world of volatility. Bitcoin critics wield one of the asset’s main characteristics as an unsolvable failure, but, is it? According to Fidelity, “bitcoin is fundamentally volatile.” That doesn’t deter it from fulfilling “its ultimate investment objective of preserving wealth over long time periods.” Related…
After what seems like a thousand years of stability and a slight downtrend, bitcoin is back. Volatility is wreaking havoc. Trading volume seems to be picking up steam. And, more importantly, the community’s morale is climbing up. In any case, what do the data and the on-chain analysis say? Are the numbers high enough to…
It’s been a quiet past few days for Ethereum and the rest of the crypto market.After last week’s correction, prices have settled. ETH is trading about 10% lower than its May highs, which is about the same performance assets like Bitcoin.Analysts have begun to bet that second-largest cryptocurrency is primed to see some upside as…
Bitcoin (BTC) is about to see a massive bout of volatility, according to a long-term technical indicator. Sure, the leading cryptocurrency spiked by 42% two weeks back, surging from $7,300 to $10,500 seemingly on the news that China’s President was calling for the formal adoption of blockchain technologies. But, something bigger is purportedly brewing. Related…
In short, no. Bakkt’s bitcoin futures launch yesterday was underwhelming but it has not had any impact on crypto markets which are doing exactly what they have done for the past couple of years. Another Slide For Crypto Assets Another day another dump. There is nothing out of the ordinary with today’s market action which…
With a neutrally closing weekly candle traders and analysts are expecting this week to be a little livelier for Bitcoin. The weekend saw a little action but gains could not be maintained as BTC and altcoins fell back into their channels. No Progress Over $11k For Bitcoin Late Saturday/early Sunday saw BTC rise back to…
After a week of insane volatility in the crypto markets, with Bitcoin price rising and falling in the thousands, and swinging back and forth over the better course of the week, the first ever crypto asset has been stuck in a tight trading range over the last 24 hours, and a break to either side…
Bitcoin (BTC) down 6.8 percent Systemically stable, BTC prices will continue to fluctuate thanks to Nakamoto trade-off Price fluctuation is synonymous with Bitcoin. Drastic rise and falls of the tail end of this week differentiated the world’s most valuable asset from fiat. All the same, it is gradually morphing into a store of value and…