Bitcoin’s mounting fundamental strength has been forming a compelling case that upside may be imminent for the cryptocurrency. This underlying strength can be seen on multiple fronts, with the cryptocurrency’s market health growing due to spikes in the asset’s liquidity as well as its investor sentiment. One on-chain indicator that examines the profitability of Bitcoin…
DetailsAlthough Bitcoin is a decentralized technology, the mining of the cryptocurrency is somewhat centralized in China. Per some reports, around two-thirds of all mining machines are based in the country, concentrated in the river regions where electricity is cheap. Some argue that this centralization is something that shouldn’t be worried about; after all, China has…
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Bitcoin price started a downside correction from the $12,500 resistance against the US Dollar. BTC is currently trading below $12,000, but there are many key supports on the downside. Bitcoin started a short-term downside correction and traded below the $12,000 support. The price is likely to find a strong support near $11,800 or $11,550. There…
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Ethereum failed to clear the $445 resistance and declined below $420 against the US Dollar. ETH price is now approaching a major support zone near the $400 handle. Ethereum is down over 5% and it broke the $425 and $420 support levels. The price even settled below the $420 level and the 100 hourly simple…
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Ripple is down over 8% from the $0.3250 resistance zone against the US Dollar. XRP price is now approaching a major uptrend support near the $0.2880 and $0.2850 levels. Ripple is declining and it broke the $0.3000 support zone against the US dollar. The price is currently approaching a crucial support near the $0.2850 level.…
DetailsIn the world of crypto, there is a lot of hype and disillusion – vanishingly small exchange commissions and iGaming referral schemes with a total lack of transparency. LuckyBit is different. Since 2013, their platform has been community-based and built on trust and transparency. LuckyBit is now bringing those same values to its affiliate programme.…
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Chainlink has been witnessing some intensely bullish price action over the past few weeks and even months, but the cryptocurrency faced a brutal selloff yesterday that caused its price to slide as low as $15.00. Bulls have been absorbing some of this selling pressure, but it is still showing some signs of weakness as it…
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It has been a rough day for Stellar (XLM), as the previously strong cryptocurrency is now facing heightened selling pressure. Its ongoing slide lower has come about due to the weakness seen by both Bitcoin and most other major digital assets. At the moment, the benchmark crypto is struggling to hold above $12,000, with its…
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Ethereum has embarked on a stellar rally over the past few months. Since the March lows, the asset has gained around 400%, rallying from ~$90 to $425, where it trades as of this article’s writing. The cryptocurrency, in the past month alone, has gained 80%. It isn’t clear what exactly has been catalyzing this rally,…
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Bitcoin has been rocketing over the last several weeks, along with the rest of the cryptocurrency market. Most assets are up over 80% on average since the start of 2020. However, an unorthodox and unusual financial forecasting tool could indicate that a major trend change is playing out across markets, with the turning point taking…
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