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“# Bad omen? US dollar and Bitcoin are both slumping in a rare trend ” The price of Bitcoin (BTC) was struggling to stay above $56,000 on April 20, which whale clusters pinpointed as a crucial short-term price level. Yet, the U.S. dollar index (DXY) has continued to fall in recent weeks, dropping to its…
“# Are we there yet? Here’s why one analyst says its not ‘altcoin season’ ” Few traders would argue against the fact that Bitcoin (BTC) is in a bull market, but there is less consensus on whether the market is in the midst of an “altcoin season.” A quick view of Crypto Twitter shows the…
“# Dogecoin (DOGE) market cap hits $50B, surpassing ING and Barclays ” The last ten days have been nothing short of impressive for Dogecoin (DOGE), which rallied by more than 500% to a new all-time high at $0.45. Even after a 15% correction, the powerful rally catapulted Dogecoin’s market capitalization above well-established financial institutions like…
“# Investors’ on-chain activity hints at Bitcoin price cycle top above $166,000 ” After breaking out of the two-months ascending triangle, the price of Bitcoin (BTC) is firmly staying above $60,000. Current on-chain volume suggests investors are still strongly buying Bitcoin at current price levels. Furthermore, the current price is not even close to a…
“# Is DeFi yield appetite rising again? Enso raises $5M as YFI hits new highs ” The appetite for DeFi is rising again as blue chips are rallying and yield-earning strategy-sharing platforms, like Enso, are on the rise. Enso, a platform where users can share yield-earning strategies, raised $5 million on April 13 from top…
“# Balancer (BAL) price soars to new all-time high: What’s driving the rally? ” BAL, the native cryptocurrency of Balancer, the popular automated market maker (AMM) utilized by many DeFi users to trade cryptocurrencies, has surged to new record highs above $70 on April 15. BAL/USDT 1-day price chart (Binance). Source: TradingView.com There are two…
“# 3 reasons Dogecoin is up 123% this week, hitting $0.10 for the first time ” The price of Dogecoin (DOGE) has rallied by more than 123% this week, hitting a new all-time high of $0.13 on strong technical momentum. DOGE/USDT 4-hour price chart (Binance). Source: TradingView.com It has been competing against Chainlink’s LINK for…
“# $420M in leveraged long traders liquidated after XRP rallies to $1.96 ” XRP holders couldn’t have asked for a better year as the cryptocurrency rallied almost 800% and flirted with a $2 level in the early hours of April 14. In addition to achieving its highest level since January 2018, this robust price increase…
“# 3 reasons why Elrond (EGLD) price soared above $245 ” As mainstream cryptocurrency adoption increases and more users start transacting on blockchain networks, the need for fast, scalable protocols becomes even more apparent as transaction costs and confirmation times continue to increase. One protocol that has seen significant gains over the past month as…
“# $5,000 Ethereum by the end of May? On-chain data suggests so ” On April 14, the price of Ether (ETH) just hit an all-time high at $2,400 and although the price has increased more than three-fold since the beginning of this year, the current speculative premium suggests, there is a lot of room for…