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“# Bullish reversal? Traders debate whether $37K BTC price is a trend reversal ” The cryptocurrency market flashed bullish on June 9 as Bitcoin (BTC) price reversed course and rallied 20% to $37,500. For the past few weeks, analysts had been debating whether or not BTC was entering a long-term bear trend and the argument has…
“# Price analysis 6/9: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, SOL, BCH ” Bloomberg Intelligence senior commodity strategist Mike McGlone believes that Bitcoin (BTC) is more likely to rally to $40,000 than slump to $20,000. This bullish outlook seems to be shared by traders as Bitcoin initiated a sharp recovery today. On-chain data…
“# Curve Finance’s new release positions project for AMM takeover ” A new release from a foundational DeFi protocol seeks to combine two popular asset swap models into a hybrid that may reshape the nature of the automated market maker (AMM) space — a DeFi primitive currently accounting for well over $40 billion in total…
“# Bitcoin and Ethereum transaction fees sink 95% from all-time highs ” The cost of using the Bitcoin and Ethereum blockchains is on the rapid decline, as evidenced by a 93%–95% reduction in average transaction fees over the past couple of months. Fees are paid to the miners who process transactions on a typical proof-of-work blockchain….
“# Vitalik Buterin has made $4.3M from his $25K investment in Dogecoin … so far ” In his recent appearance on the Lex Fridman podcast, Ethereum co-creator, Vitalik Buterin, revealed he profited more than $4 million from a $25,000 investment that he made into Dogecoin during 2016. But true to form, he gave it all…
“# Dfinity founder takes aim at Ethereum’s complex layer-two solutions ” Dominic Williams, the founder of Dfinity and its Internet Computer, has slammed the scaling solutions put forward by Polkadot and Ethereum for offering a disjointed user experience. The self-described “blockchain maximalist” criticized Ethereum’s burgeoning ecosystem of second-layer scaling solutions, describing Ethereum as starting to…
“# Ethereum bull trap? ETH price signals breakdown versus Bitcoin ” A recent run-up in Ether (ETH) prices against its top rival Bitcoin (BTC) appears to be at the risk of exhaustion even as analysts see the second-largest cryptocurrency as stronger among the two. In retrospect, the ETH/BTC exchange rate rose by up to 40.19%…
“# Crypto market sinks by $300B while Bitcoin transactions near 3-year low ” The global crypto market lost $200 billion overnight leading into Tuesday morning, adding to $300 billion in losses for the week. Momentum pushed the global market capitalization down since Bitcoin (BTC) hit a recent peak in April, followed by an altcoin peak…
“# Bitcoin price is fragile, but on-chain data points to fresh accumulation ” The May 19 crypto market sell-off saw $1.2 trillion in value erased from the total market capitalization as the froth and excess leverage of over-hyped markets was quickly eliminated. But similar to a forest fire, whose destructive power is essential to the…
“# Price analysis 6/7: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH ” United States Treasury Secretary Janet Yellen defended President Joe Biden’s latest massive spending package while speaking to Bloomberg. Yellen said it would be “a plus” for society even if it resulted in a higher interest rate environment. If rates inch…