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“# Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX ” As Bitcoin price trade sideways, traders are keeping an eye out for new purchases from institutional investors in order to gauge whether BTC’s correction is over. MicroStrategy’s recent purchase of 314 Bitcoin at an average price of $31,808 is a mild sentiment…
“# Why one Bitcoin on-chain analyst is short-term bearish on BTC price, for now ” Ki Young Ju, the CEO at CryptoQuant and an on-chain analyst, says Bitcoin (BTC) is neutral to short-term bearish for the time being. There are two major indicators that have been useful in spotting trend reversals in the ongoing bull…
“# Aave and Chainlink hit new highs as Bitcoin price fights to hold $32K ” Bitcoin (BTC) price opened the weekend trapped within the $33,500 to $32,000 range but at the time of writing the digital asset is struggling to hold above $32,000. A few analysts have warned that the recent price loss of momentum…
“# Voyager Token (VGX) gains 926% as mergers and acquisitions bring new users ” Voyager Token (VGX), also known as BQX at some exchanges, is the native token of Voyager cryptocurrency exchange. The exchange separates itself from its competitors by claiming to be a commission-free crypto broker platform and its smart order router also allows…
“# Analysts warn of ‘institutional exhaustion’ with Bitcoin price back below $32K ” The price of Bitcoin (BTC) recovered in the past two days after dropping to as low as $28,850. Following the swift rebound, however, BTC has been unable to break past heavy resistance at $33,000 on Jan. 23, pulling back below $32,000 at…
“# Chainlink now bigger than Litecoin as LINK price hits new high above $24 — What’s next? ” Chainlink (LINK) remains to be one of the best performing cryptocurrencies in the past twelve months. As of Jan. 23, LINK is now bigger than Litecoin (LTC) and now number seven at $9.2 billion market capitalization, after surpassing…
“# Altcoins rally while Bitcoin bulls are thwarted by resistance at $34K ” Bitcoin’s (BTC) tumble below $30,000 was short-lived as the top cryptocurrency found a new wave of support, including a $10 million ‘buy the dip’ moment from MicroStrategy. Data from Cointelegraph Markets and TradingView shows the strong inflows have helped lift BTC 4.92%…
“# DeFi surge, rising TVL and new partnerships underpin Ren’s 100% rally ” Interoperability between blockchains is rapidly becoming one of the buzz phrases being thrown around when discussing decentralized finance and the coins most likely to rally during an altcoin bull run. The rapid growth of DeFi, its ever expanding total value locked and…
“# Price analysis 1/22: BTC, ETH, DOT, XRP, ADA, LTC, LINK, BCH, BNB, XLM ” Aggressive profit-booking sent Bitcoin (BTC) spiraling below $29,000 on Jan. 21 but was this a sign that institutional investors dumped their positions? This is one of the main questions bothering traders because large institutional inflows primarily led the run-up to…
“# NFT boom and platform upgrades back Decentraland’s (MANA) 100% rally ” In the past year non-fungible tokens (NFT) have been gaining ground as the digital art market exploded and developers experimented with a variety of use cases. Data from NonFungible shows that over the past 30 days there were 58,400 NFT sales and $12.7…