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…
Back in the latter half of 2017 many of the cryptocurrencies experienced wild price swings with double digit pump and dumps several times a week. This volatility was seen to be the detractor of wider spread adoption, though easy to make, or loose, a quick buck for day traders and speculators. Then the bears got…
Hype has been one of the standout performers in the crypto market this year, sustaining a powerful uptrend since April. Its relentless momentum has drawn the attention of both retail traders and institutions, with many analysts arguing that the token still has room to run as the broader market heats up. The narrative around Hype…
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…
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…
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,…
As Bitcoin’s price continues to trade sideways amidst a bout of low trading volume, investors are becoming increasingly keen to know which direction Bitcoin will move next. This will likely signal the continuance or reversal of the persisting bear market trend. Today, Bitcoin was trading relatively flat, trading within the tightening range between $6,500 and $6,700,…
Bitcoin’s rebound has not removed the risk of another volatile move. CryptoQuant is warning that exchange deposit activity has picked up across Bitcoin, Ethereum, and altcoins, a pattern that often appears when traders are preparing to move risk around quickly. That does not automatically mean a crash is coming. It does mean the market is…
Bitcoin volatility has been on a decline since the start of December. This has been a culmination of both low interest from investors, as well as the declining prices of digital assets in the market. It has not led bitcoin to record its lowest volatility level on record yet. Bitcoin At All-Time Low Volatility Will…
Over the past week Bitcoin has seen an unprecedented amount of stability, with its volatility hitting a 17-month low. During the past few weeks, altcoins have had the chance to regain some of their losses, and they are now sitting well off their year-to-date lows. Despite the stability and increasing market sentiment, one analyst is…