Bitcoin funding rates had seen a very negative month between mid-June and mid-July. The funding rates, which had previously remained muted, quickly declined below neutral and proceeded to spend the next one month on this level. However, there is a significant change as last week saw funding rates return to neutral. Funding Rate Recovers On…
The future of the second-largest cryptocurrency is hampered by the US dollar index’s recovery. On Thursday, the price of Ethereum (ETH) showed just slight decreases. Ethereum Consolidates On July 21, price movement in the cryptocurrency market as a whole was mostly muted as traders took a day to digest recent gains and book profits after…
On-chain data shows the Bitcoin NUPL metric is back to a positive value, suggesting the market as a whole is back in profit. Bitcoin NUPL Latest Trend Could Signal The Bottom Is Already In As pointed out by an analyst in a CryptoQuant post, the BTC NUPL breaking above the neutral market may be a…
Bitcoin miner revenues have been plummeting ever since the price of BTC peaked back in November. This has put miners in a tight spot, causing a good number of them to sell their BTC holdings in order to keep financing their operations. The same was the case for last week, where miner revenues were once…
Bitcoin and the crypto market have been losing momentum in the last 24 hours after experiencing a relief rally. Yesterday, the Elon Musk-led car manufacturer Tesla announced that it sold 75% of its BTC holdings to convert them into fiat currency. Related Reading | Cardano (ADA), After 35% Spike, Locks On Next Target: $0.55 This has…
It’s no surprise that Cardano has been gaining traction on price. ADA spiked by as much as 35% in just a week with price trend going the same route as last week’s forecasts. If you have been holding and trading Cardano for the longest time then the past couple of weeks have predictably been a…
Latin America is currently dominating the world regarding integrating cryptocurrency into daily life. In 2021, the value of the South American crypto market exploded from $68 million to an incredible $650 million, a ten-fold increase. Such significant growth has attracted the attention of major global blockchain companies to the region. Known for its successful cases…
Polkadot (DOT) has seen a fairly consistent momentum as it currently trades at $7.92 and eyeing the next key resistance at $8.07. The DOT/USD pair predictably scores a strong upside or further gains that can go as high as $8.50. The DOT/USD pair has gained roughly 1.38% overnight which has increased the coin price to…
Blockchain-based technologies, as expressed by cryptocurrencies and other forms of digital assets like non-fungible tokens (NFTs), are beginning to make their presence felt in many different industries. While appearing little different on the surface from other types of digital money, the excitement crypto and NFTs have generated centres around their enabling features in digital transactions,…
Blockchain-based technologies, as expressed by cryptocurrencies and other forms of digital assets like non-fungible tokens (NFTs), are beginning to make their presence felt in many different industries. While appearing little different on the surface from other types of digital money, the excitement crypto and NFTs have generated centres around their enabling features in digital transactions,…
