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“# The case for Bitcoin price dropping to $27K in a possible bearish scenario ” Some analysts say that the price of Bitcoin (BTC) could drop to $27,000 in a bearish scenario if it falls through the $30,000 support area. The potential drop to $27,000 is conditional in that BTC would have to break down…
“# Chainlink surpasses Bitcoin Cash making LINK the 8th largest cryptocurrency ” Chainlink (LINK), the oracle-focused blockchain protocol, surpassed Bitcoin Cash (BCH) to become the eighth-biggest cryptocurrency as of Jan. 18. The market capitalization of Chainlink now hovers at $9 billion and roughly $500 million away from the next biggest crypto asset, Litecoin (LTC). LINKUSDT…
“# Bitcoin meets Biden: 5 things to watch for BTC price this week ” Bitcoin (BTC) is back in familiar territory as the week begins after a weekend spent ranging in its new, albeit large, trading corridor above $30,000. With the United States presidential inauguration just days away, Cointelegraph takes a look at what else…
“# Bitcoin open interest hits $8.8B as 45% of BTC options expire in 2 weeks ” Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion as (BTC) price rose to a new all-time high. The result of Bitcoin’s…
“# Hedge fund predicts $115K Bitcoin price and the fall of ‘speculative’ altcoins ” New data from Pantera Capital, an investment firm and hedge fund, suggests that Bitcoin’s (BTC) current price action is closely following the stock-to-follow model’s trajectory and the firm’s analysts believe BTC will reach $115,212 by Aug. 1. Bitcoin’s parabolic rally may…
“# Top 5 cryptocurrencies to watch this week: BTC, LINK, UNI, XTZ, ATOM ” Bitcoin (BTC) price has yet to recapture the $40,000 level and traders who were expecting a quick resumption of the uptrend may have been caught off guard by the recent pullback. This could have led to the liquidation of about $500…
“# DeFi bull run: Why Aave and SUSHI are surging despite Bitcoin price uncertainty ” DeFi blue-chips, including Aave (AAVE) and SushiSwap (SUSHI), have been rallying hard in the past several days while Bitcoin is seeing range-bound consolidation at around $35,000 as of Jan. 17. Both AAVE and SUSHI prices have risen by more than three-fold since…
“# $500M in crypto futures liquidated as Bitcoin dips below $34K: What happens next? ” Roughly $500 million worth of cryptocurrency futures positions were liquidated in the past 24 hours. The mass liquidation of positions happened before the price of Bitcoin (BTC) dipped below $34,000 on Jan. 17. Bitcoin total liquidations. Source: Bybt.com Why were…
“# Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum ” Bitcoin’s parabolic increase well above its previous all-time-high has many experiencing déjà vu from 2017 and a number of analysts are concerned the market is overdue for a sizable correction. On Jan. 8 With Bitcoin (BTC) price reached a new all-time high at…
“# Ethereum competitor Near Protocol (NEAR) gains 106% as DeFi heats up ” Near Protocol (NEAR) is a smart contract platform that uses parallel processing to scale the network. This technique, known as sharding, resembles what Eth2 is aiming to achieve and Near’s proof-of-stake consensus mechanism also allows token holders to stake their coins. In…