Archives par catégorie: Business

Polkadot: Why Recent On-Chain Feats Could Trigger Strong Investor Sentiment 

Polkadot: Why Recent On-Chain Feats Could Trigger Strong Investor Sentiment 

Polkadot has been riding the crypto wave since the start of the broader market rally. According to CoinGecko, the biggest gainers in the entire space are altcoins. Polkadot (DOT) is among them. Although the token has been finding gains in the past two weeks, DOT has been down almost 3% in the past 24 hours. […]

Glassnode Points Out This Bizarre Consistency In Bitcoin Cycles

Glassnode Points Out This Bizarre Consistency In Bitcoin Cycles

Glassnode has pointed out a bizarre consistency between the current and previous Bitcoin cycles in terms of a metric, here’s what. Bitcoin Breaks Above 200-Day Simple Moving Average Line A “simple moving average” (SMA) is an analytical tool that produces an average of any given quantity over a specific period of time. As its name […]

Bitcoin Miners Show Signs Of Dumping, Bad For Rally?

Bitcoin Miners Show Signs Of Dumping, Bad For Rally?

On-chain data shows Bitcoin miners could be dumping right now, a sign that could provide an impedance to the rally. Bitcoin Miners’ Position Index Has Shot Up Recently As pointed out by an analyst in a CryptoQuant post, miners may be putting selling pressure on the market currently. The relevant indicator here is the “Miners’ […]

Bitcoin Hash Ribbons Trigger Buy Signal, Has Miner Capitulation Concluded?

Bitcoin Hash Ribbons Trigger Buy Signal, Has Miner Capitulation Concluded?

The collapse of FTX triggered a historic event for the Bitcoin market. In late November, the hash ribbons indicator signaled the beginning of a second wave of Bitcoin miner capitulation within one cycle. As NewsBTC reported, the hash rate dropped dramatically while some of the largest miners reported bankruptcy and dumped their BTC holdings on […]

Ethereum Price Accelerates Higher as The Bulls Aim $1,720

Ethereum Price Accelerates Higher as The Bulls Aim $1,720

Ethereum climbed higher above the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might rise further towards the $1,650 level. Ethereum started a fresh increase above the $1,450 and $1,500 resistance levels. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a major bullish […]

Bitcoin Price Resumes Increase as The Crypto Bulls Take Control

Bitcoin Price Resumes Increase as The Crypto Bulls Take Control

Bitcoin price climbed further higher above $21,000. BTC is rising and might aim a move towards the $22,000 resistance zone in the near term. Bitcoin climbed further higher above the $20,000 and $20,500 resistance levels. The price is trading above $20,200 and the 100 hourly simple moving average. There is a major bullish trend line […]

Bitcoin Weekend Run Breaches $20,000 Mark, Dominates The Altcoins

Bitcoin Weekend Run Breaches $20,000 Mark, Dominates The Altcoins

Even if the cryptocurrency industry crashed in 2022, Bitcoin’s status as the “alpha coin” has remained remarkably stable. With a market capitalization of over $398 billion and a trading volume of $24,180,295, Bitcoin’s dominance in the last 24 hours has increased by 43%. According to market watchers, the BTC bull market officially began in 2023 […]

Bitcoin Funding Rates Hit 14-Month High – What Could This Mean For The Market Leader?

Bitcoin Funding Rates Hit 14-Month High – What Could This Mean For The Market Leader?

The crypto market has started the year 2023 with a remarkable, bullish run. Over the last few days, several assets have recorded significant profits and are starting to pull through the crypto winter. Most notably, Bitcoin, the market leader and the world’s biggest digital asset, has been one of the top-performing coins this year. In […]

Whale Moves Huge Amount Of Shiba Inu Tokens As SHIB Unveils To Metaverse

Whale Moves Huge Amount Of Shiba Inu Tokens As SHIB Unveils To Metaverse

As the dog-themed crypto asset gets ready to launch its new metaverse, a crypto whale is suddenly transferring trillions of Shiba Inu (SHIB) tokens. According to a tweet by Whale Alert, a platform for tracking whales said that a huge number of SHIB tokens (3,323,256,285,484) worth almost $30.48 million were moved from one unknown wallet […]

Bitcoin Disciples: Only 43.5 Million Own The Crypto Globally, Study Shows

Bitcoin Disciples: Only 43.5 Million Own The Crypto Globally, Study Shows

Out of 8 billion people living on the planet, only 43 million people own Bitcoin — which amounts to less than 1% of the population. Despite the success of the cryptocurrency, a minuscule number of the world’s current inhabitants holds ownership of Bitcoin, according to CoinMarketCap. Are there specific reasons why this is happening? Or […]

This Crypto Influencer Predicts Bitcoin Price At $25,000-$30,000 Soon

This Crypto Influencer Predicts Bitcoin Price At $25,000-$30,000 Soon

The start of 2023 is bringing a different phase in the crypto market. Over the past few days, most crypto assets have regained value. The bullish trend has spiked a new sentiment in the market as several positive predictions have emerged. Ben Armstrong, a popular YouTuber known as BitBoy, predicted a bullish trend for Bitcoin […]

Polkadot Shows No Sign Of Slowing, As DOT Gains 33% In Last 7 Days

Polkadot Shows No Sign Of Slowing, As DOT Gains 33% In Last 7 Days

With Bitcoin surging past $20,000, altcoins like DOT (Polkadot) have been riding the broader crypto rally which started since the beginning of 2023. According to CoinGecko, the token is trading at $5.94, and has risen by more than 12% in the past 24 hours and 33% in the weekly.  This was caused by market optimism […]

Popular Crypto Analyst Goes Bullish On BTC And AVAX, Here’s What He Said

Popular Crypto Analyst Goes Bullish On BTC And AVAX, Here’s What He Said

Due to the Bitcoin (BTC) and crypto market uncertainty, predicting the following trend pattern for crypto assets is usually difficult. However, analysts have always released predictions for most crypto assets. While some projections turned out to be accurate, some still failed to happen as predicted. One analyst became popular for releasing an accurate prediction for […]

Bitcoin Price Touches $20,000 For First Time Post-FTX Collapse

Bitcoin Price Touches $20,000 For First Time Post-FTX Collapse

Bitcoin price has tapped $20,000 for the first time since the FTX. Not only was the level important support that broke down during the contagion, but it was also the former 2017 all-time high. Here’s what the recent price move could mean for the cryptocurrency market. Bitcoin Reaches Key Level And 2017 ATH At approximately 6PM […]

Monero Has Been On A Bullish Run But Will The Momentum Hold?

Monero Has Been On A Bullish Run But Will The Momentum Hold?

The Monero price has rallied over the past week since the broader market recovered. Over the last 24 hours, XMR was consolidating despite its weekly gains. The coin traded laterally over the past few sessions before it started to dip on its chart. As momentum halted recently, it is still uncertain whether XMR will resume […]

Bitcoin Bearish Signal: Spot And Derivative Reserves Shoot Up

Bitcoin Bearish Signal: Spot And Derivative Reserves Shoot Up

On-chain data shows the Bitcoin spot and derivative exchange reserves have both shot up recently, a sign that could be bearish for the price. Bitcoin Spot And Derivative Reserves Register Growth As pointed out by an analyst in a CryptoQuant post, the open interest and the funding rates are also heating up in the BTC […]