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“# Why Bitcoin’s next breakout may not be an altcoin season signal ” On April 14, Bitcoin (BTC) reached a $64,900 all-time high after accumulating 124.5% gains in 2021. However, a 27.5% correction followed over the next eleven days, marking a $47,000 local bottom. The popular Crypto Fear and Greed Index reached its lowest level…
“# The NFT bubble may have popped, but the sector is still primed for expansion ” Nonfungible tokens (NFTs) took the world by storm in March and April of this year with an onslaught of daily headlines about record-breaking sales and big-name companies dropping their own one-of-a-kind digital art pieces dominating the mainstream media. Fast…
“# Altcoin Roundup: Post-crash prices give investors a chance to build a diversified portfolio ” Welcome to Cointelegraph Market’s Altcoin Roundup, an in-depth newsletter that focuses on investing from the perspective of fundamental analysis and seeks to identify emerging blockchain projects and tokens that fill niche demands within the growing cryptocurrency market. The concept of…
“# Ethereum options data shows traders’ mixed opinions on ETH’s future ” After reviewing Ether (ETH) options for June 25, one might think that traders either became overly optimistic or ultra-bearish. Currently, there are large bets for prices below $1,000 while others aim for $3,800 and higher. A recent report from Coinshares shows that multiple…
“# Price analysis 6/4: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH ” Bloomberg senior commodity strategist Mike McGlone believes Bitcoin (BTC) is more likely to turn up and rally to $100,000 rather than correct to $20,000. In the June edition of the Bloomberg Galaxy Crypto Index report, McGlone said that Bitcoin’s correction…
“# Bitcoin bulls give ‘conservative’ 10 year estimate for hyperbitcoinization to hit ” Bitcoin (BTC) may be just ten years away from seeing mass adoption in an event known as “hyperbitcoinization.” That’s according to participants of the Bitcoin 2021 Conference in Miami, who on June 4 delivered surprisingly optimistic verdicts on when hyperbitcoinization will come….
“# Historically accurate Bitcoin metric nears the next ‘potential’ price peak ” Bitcoin (BTC) losing over 50% in a month may have a big silver lining as lower prices set up a classic bull flag. On June 3, Philip Swift, creator of the Pi Cycle Top indicator, said that this year could still see a…
“# Filecoin ignores Elon Musk’s Bitcoin FUD as FIL price rockets by 17% ” FIL, the native crypto asset of the Filecoin network, was among the best performing digital assets Friday as it maintained its gains against a very bearish cryptocurrency market. The FIL/USD reached an intraday high of $102.109 at around 0300 UTC, up…
“# Bloomberg report calls Bitcoin ‘refreshed and discounted’ as BTC price bounces at $36K ” Bitcoin (BTC) bounced off a predicted floor on June 4 as the dust settled on the latest market collision with Elon Musk. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoiners poke fun at Musk’s “break-up” Data from Cointelegraph Markets Pro…
“# Curve (CRV) sees 150% rebound as DeFi bottoms and ETH gas fees drop ” DeFi tokens and protocols took a heavy hit on May 19 as Bitcoin price dropped to $30,000 and while BTC has entered what some analysts describe as a ‘compression’ phase, the total value locked in DeFi and the value many…