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“# Bitcoin ‘enters value zone’ as BTC price floor metric goes green again ” Bitcoin (BTC) has just reentered a key price zone which has signalled the beginning of the end for bear phases, data confirms. In a tweet on Jan. 24, Charles Edwards, founder of crypto investment firm Capriole, flagged Bitcoin’s network value to…
“# Illiquid supply ‘going up relentlessly’ — 5 things to watch in Bitcoin this week ” Bitcoin (BTC) is starting the final week of January in a place no one wanted but many warned about — a 50% drawdown from all-time highs. A flight to $34,000 means that BTC/USD is now down by half in…
“# Top 5 cryptocurrencies to watch this week: BTC, LUNA, ATOM, ACH*, FTM ” Bitcoin (BTC) fell close to $34,000 on Jan. 21, which reflects a 50% decline from the $69,000 all-time high made on Nov. 10, 2021. Altcoins also could not buck the trend and faced intense selling pressure, which pulled the total crypto…
“# Bearish chart pattern hints at $70 Solana (SOL) price before a possible oversold bounce ” Solana (SOL) price may fall to $70 a token in the coming weeks as a head and shoulders setup emerged on the daily timeframe and possibly points toward a 45%+ decline. The chart below shows that SOL price rallied to…
“# 3 possible reasons why Polkadot is playing second fiddle in the L1 race ” 2021 was a sort of “coming-of-age” for many layer-one (L1) blockchain protocols because the growth of decentralized finance (DeFi) and nonfungible tokens (NFTs) forced users to look for solutions outside of the Ethereum (ETH) network where high fees and network…
“# BTC price falls to $34K as Bitcoin RSI reaches most ‘oversold’ since March 2020 crash ” Bitcoin (BTC) refused to stem recent losses during Jan. 22 as predictions of a flight to $33,000 and lower looked increasingly likely to become a reality. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView. Open interest “still not flushed”…
“# Altcoin Roundup: 3 emerging P2E gaming trends to keep an eye on in 2022 ” Blockchain-based play-to-earn (P2E) gaming had a breakout year in 2021, and as the cryptocurrency ecosystem evolves in 2022, the P2E gaming sector and those that invest in it will need to consider what the next steps are. During bull…
“# Bitcoin falls to $36K, traders say bulls need a ‘Hail Mary’ to avoid a bear market ” Bitcoin (BTC) price continues to sell-off and the knock-on effect is an even sharper correction in altcoins and DeFi tokens. At the time of writing, BTC price has sank to its lowest level in 6 months and most analysts…
“# MetisDAO TVL surges by 99,800% as the layer-2 race heats up ” Attracting liquidity has become a de facto arms race in the growing decentralized finance (DeFi) landscape. Projects constantly battle to attract investors funds by offering enticing yields for crypto holders willing to take a risk and lock up their assets and protocols…
“# A key Ethereum price metric hits a 6 month low as ETH falls below $3K ” Ether (ETH) price lost the $3,600 support on Jan. 5 as minutes from the Federal Reserve’s December FOMC meeting showed that the regulator was committed to decreasing its balance sheet and increasing interest rates in 2022. Even with…