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“# Ethereum miners made 450K ETH from high network fees during DeFi peak ” Ether (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw their revenue increase due…
“# Yearn.finance (YFI) gains 36% as DeFi tokens follow Bitcoin’s bullish trend ” In the past 72 hours, Yearn.finance (YFI) surged by 58% after dropping to as low as $12,260 at a few exchanges. Three factors that may have catalyzed the sharp rebound are: YFI had become deeply oversold, lead developer Andre Cronje’s deep commitment…
“# $12K Bitcoin price back on the table after BTC rallies above $11.4K ” On Friday Bitcoin (BTC) price finally managed to break above the symmetrical triangle where the price had been compressing for the last 30 days. After holding the $11,000 level into the daily close, the price rallied to $11,448 on multiple high…
“# Price analysis 10/9: BTC, ETH, XRP, BCH, BNB, DOT, LINK, CRO, LTC, BSV ” Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend. <p dir=”ltr”>Payments giant, Square, has become the second listed company after MicroStrategy to buy Bitcoin (BTC). Although Square’s purchase of…
“# Bullish trend reversal underway as Bitcoin price holds above $11,000 ” Within the last few hours, Bitcoin (BTC) price surpassed $11,000 in a swift turnaround from its swing low at $10,500 in early October. Analysts have attributed three major factors to BTC’s abrupt trend reversal. The potential catalysts are whale accumulation, a spike in…
“# Trump vs. Biden: $4K gold target as Brandt eyes Bitcoin ‘big buy signal’ ” Gold will gain regardless of whether Donald Trump or Joe Biden wins the election, one analyst says as Bitcoin (BTC) targets $11,000. In an interview with the media division of precious metals giant Kitco on Oct. 7, Frank Holmes, CEO…
“# 3 key indicators suggest Bitcoin price is preparing to retest $11,000 ” The price of Bitcoin (BTC) is nearing $11,000 once again after a shaky start to October. Last week BTC fell below $10,500 but on Oct. 9 the price swifty recovered to $10,940. In the short term, there are three factors that could…
“# Bitcoin price fundamentals in ‘moon mode’ as BTC held on exchanges drops ” Despite an uneventful month for Bitcoin (BTC) price, on-chain metrics suggest that Bitcoin may be gearing for an imminent bull run. Noticeably, the number of Bitcoin held on spot exchanges has been decreasing since the start of the year, according to…
“# Bitcoin price turns bullish on Square’s $50M BTC purchase: Is $11K next? ” The number of Institutional investors stepping in to Bitcoin continues to increase and this appears to be inspiring some newfound confidence in Bitcoin price. Just today Square announced that it had purchased 4,709 Bitcoin (BTC) for $50 million. Square is not…
“# Key Bitcoin price metric at 10 week low after traders close long positions ” October has barely started and the price action in the crypto markets has been both exciting and worrisome. Bitcoin (BTC) has seen a strong $10.9K rejection and a quick $10.2K bottom over the past week. The whipsaw price action has…