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“# Ethereum price dragged down below $2K as US inflation hits highest level since 1991 ” Ether (ETH) perhaps had the most bullish outlook entering the July session, with a key technical update dubbed EIP-1559, promising to make its native token ETH scarcer through the network’s first-ever burning mechanism. But so far into the month,…
“# Price analysis 7/12: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC ” Bitcoin’s (BTC) roof has been shifting lower in the past few days, which is a negative sign because it shows that bears are selling on every minor rally. Bitcoin’s weakness is affecting the major altcoins as most are gradually drifting…
“# Price analysis 7/9: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, SOL ” Earlier this week, Fan Yifei, the deputy governor of the People’s Bank of China has warned that stablecoins like Tether (USDT) pose “risks and challenges to the international monetary system, and payments and settlement system”. Fan did not even spare Bitcoin…
“# Bitcoin trader eyes US dollar for BTC price breakout cue, Ethereum clings to $2K ” Bitcoin (BTC) stayed below the $33,000 mark on July 9 with a fresh price dip also putting an end to altcoin strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price flips $33,000 support Data from Cointelegraph Markets Pro…
“# 3 reasons why Ethereum exchange reserves are falling to new lows ” Over the past week, astute crypto market analysts noticed some interesting developments related to the supply of Ether (ETH) as the network’s August 4 London hard fork approaches. Recent data from CryptoQuant, an on-chain analytics firm, indicates that the amount of Ether held…
“# Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use ” The Ethereum network will undergo a major upgrade on Aug. 4, as the long-awaited London hard fork is expected to launch at block 12,965,000. The transition is part of a roadmap leading to the Ethereum 2.0 release, which aims to…
“# Price analysis 7/7: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, SOL ” Bitcoin’s (BTC) range-bound action seems to be increasing the confidence of institutional investors looking to resume investing in cryptocurrencies. Proof of this comes as Marshall Wace, a London-based hedge fund, announced plans to invest in the digital asset space, according…
“# Buy the rumor, sell the news? $10K Ethereum options are 88% down from their peak price ” This year’s 500% accumulated gain took Ether’s (ETH) price to a $4,380 all-time high on May 12, and this rally was even more robust than the late-2017 move. The famous bull market, or bubble, depending on how…
“# Price analysis 7/6: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC ” The weekend rally in cryptocurrencies was led by Bitcoin (BTC) but this move was not supported by huge trading volumes. According to on-chain analysts at CryptoQuant, the low trading volume suggests that “whales are staying low without much action.” However,…
“# Turning bullish? Institutions are net buyers of crypto for the first time in 5 weeks ” Following their longest streak of selling since February 2018, institutional managers became net buyers of digital asset funds last week, offering cautious optimism that the worst of the market selloff has passed. Inflows into digital asset funds devoted to…