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“# Ethereum eyes new all-time high after bears unable to sink ETH below $900 ” Bitcoin’s (BTC) price saw a significant 28% correction during the week from $41,000 to $30,000. At the same time, Ether (ETH) also saw a drop of 32%. The recent high for ETH/USD was $1,350 — or about $70 shy of…
“# 3 key reasons why the DeFi sector is booming again ” Data from Messari shows that over the past 30 days, the majority of tokens listed on the site’s DeFi Assets index have rallied by more than 20%. A few standouts such as Maker’s MKR, Synthetic Network Token (SNX) and SushiSwap’s SUSHI gained more…
“# 3 Bitcoin price indicators prove pro traders are still bullish on BTC ” This week’s $11,000 drop occurred in just 32 hours and this definitely an important milestone for Bitcoin (BTC) price. Many mainstream media outlets perceived the correction as the start of a new bear market but data simply does not support this…
“# Here’s why IOST, Horizen (ZEN) and Avalanche (AVAX) surged as Bitcoin crashed ” Bitcoin’s (BTC) recent plunge could have been caused due to profit-booking by institutional investors, according to a report by crypto fund manager CoinShares. The report noted a sharp drop in institutional inflows during the first week of the new year and…
“# Hold your horses! $9K Bitcoin price drop not a trend change, data says ” After Bitcoin (BTC) price flirted with a $42,000 all-time high on Jan. 8, it stabilized in a tightening range between $39,000 to $41,500 for two days and the pennant structure on the shorter-term timeframes hinted that a breakout to $45,000…
“# Ethereum price tumbles to $915, but traders are bullish for 4 key reasons ” The past week has been an emotional rollercoaster for Ether (ETH) traders, as there were seven four-hour candles of a 10% or larger price movement. Furthermore, the most recent 30% drop to $920 triggered $550 million in liquidations on long…
“# Does a stronger dollar mean Bitcoin price is destined to lose $30K? ” Bitcoin price has been accelerating massively in recent months, with Bitcoin (BTC) rallying from $10,000 to $41,500. This rally went vertical without any major corrections in between. However, every upward cycle has its standard 30% corrections, which can even be considered…
“# THORChain (RUNE) rallies 35% as the entire DeFi sector turns bullish ” In the past week, a large number of altcoins have broken from their sideways ranges to post double-digit gains and it appears that investors are interpreting the current trend as a new ‘altcoin season’. As historical data shows, these altcoin breakouts typically…
“# XRP price must break this key resistance to regain bullish momentum ” XRP holders are still struggling around the $0.30 area while the majority of the cryptocurrency markets are euphoric with Bitcoin (BTC) price surpassing $40,000. BTC price is currently over 100% higher than the previous all-time high in 2017, while XRP’s price is still…
“# Are Bitcoin miners bullish? BTC miners face biggest difficulty bump in 3 months ” Bitcoin (BTC) mining difficulty is set to rise by roughly 11% on Jan. 9, according to data from BTC.com. This marks the biggest increase in nearly four months that will put the metric over 20 trillion for the first time…