The buying pattern of bitcoin whales has long been an indicator for coming market movement. While it may not happen everything, the fact remains that these top addresses control enough of the supply between them to have significant impacts on the price. This is evident in past movements coinciding with major price shifts and once…
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With the cryptocurrency space being such an angsty place, it’s no surprise that patience is rare. Only two weeks ago, Bitcoin rose 15%+ to near $42,000 only for traders, and retail investors alike become frustrated at how rangebound this world’s most significant digital currency has been in recent days with not much movement up or…
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As the Bitcoin price declines to $40k, on-chain data shows long-term holders have harvested some profits recently. Bitcoin Long-Term Holder SOPR Shows Some Spikes Recently As pointed out by an analyst in a CrypoQuant post, some BTC long-term holders seem to have participated in profit taking over the past day. The relevant indicator here is…
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As the Ukraine crisis worsens, Bitcoin and other cryptocurrencies are trading lower. The crypto market went down after the news broke that Russia had expelled USA Deputy Chief of Diplomatic Mission Bart Gorman following an escalation with Ukraine President Petro Poroshenko over fears for his safety.” On February 17th after President Biden reiterated that an…
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Bitcoin could be back on a downtrend as the bulls struggle to protect the $40,000 mark. The first crypto by market cap was rejected at around $44,500 and has been unable to reclaim previous highs as the bears threaten with pushing it back to the lows around $30,000. Related Reading | Monero (XMR) Price Slides…
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Ethereum has been on another decline along with the market. After struggling to cross $3,100, the digital asset had taken another beating down that saw it crash below $3,000 once again. However, this does not signal more downtrends. In fact, indicators point to the coming upside from Ethereum despite the recent trend, one that would…
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Dog-themed meme currency Floki Inu, named after Elon Musk’s Shiba Inu dog, is attracting Ethereum and Binance Smart Chain whales after receiving speculative market interest on Friday. On social media, Shiba and Floki followers engage in a heated debate over an ad for their respective dog-themed cryptocurrency. This may have been good news to FLOKI as…
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In a recent call with investors, executives from the crypto hedge fund Pantera Capital said they believe DeFi assets such as Ethereum could soon break out of their current correlation to traditional macro markets. The market has seen increasing similarities between these two spaces recently. But there’s no guarantee it will continue or even last…
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The DeFi market capitalization in 2021 reached $170 billion. At the same time, the opportunities of many decentralized platforms are still limited. Currently, DEXs have only a basic set of services for users, such as growing liquidity or lending. However, the potential of the DeFi market is much greater than what is presented now, and…
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Monero (XMR) is trading at $172.80, down 4.61% with a low of $171.473 and a high of $183.58 in the last 24 hours. The crypto has a market capitalization of $3,126,923,853, and a price nearing the $170 resistance threshold. According to Coindesk’s price research, bearish swings are back, and price increases have been slower than…
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