Bitcoin is flashing some tempered signs of strength right now as it attempts to push up towards $9,300. This comes after an extended period of trading at $9,100 and seems to mark an extension of the momentum that the crypto first incurred when it bounced from its recent lows of $8,900 last week. This momentum…
DetailsAs Bitcoin continues trading sideways within a trading range between $9,000 and $10,000, investors are busy at work speculating as to what could help fuel a further price rise for the benchmark digital asset. Now, one strategist is noting that the crypto could soon see a massive influx of new capital from retail traders –…
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If the current price action is a top formation, then it doesn’t match the sharp spikes Bitcoin and blow-off tops the cryptocurrency is known for. Only one other time has a comparable rounded top formation appeared on BTCUSD price charts over the last ten years. And when it happened, a major correction followed. Should the…
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Ethereum is currently on the cusp of breaking back into its long-established trading range between $230 and $250. A recent influx of selling pressure experienced by the cryptocurrency forced its price to break below the lower boundary of this trading range for an extended period of time, with ETH even testing its crucial support at…
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Momentum is building in Bitcoin. The asset has never been healthier fundamentally, and its most important indicators are all screaming buy. On-chain activity, hash rates, and BTC supply metrics also support this. In fact, one BTC supply data point has now reached a level that last time led to the greatest bull market in crypto…
DetailsOver the past few weeks, Ethereum as a network has seen a spike in transactions and active users. Just days ago data from Santiment indicated that the number of daily active addresses passed a two year high. Simultaneously, the number of daily confirmed transactions ticked past 1,000,000, making many think back to the 2018 bubble.…
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XRP spent the last several years as the worst performer in the cryptocurrency market. And even though the altcoin has been beaten and battered, it has recently sunk even lower compared to Bitcoin and Ethereum. Why exactly is the altcoin commonly referred to as Ripple, so severely crippled and unable to gain positive momentum? XRP…
DetailsCrypto startup ChitMonks has raised $650k in a pre-series A round with the help of early-stage investors Unicorn India Ventures (UIV). The firm aims to revolutionize proceedings by bringing 21st-century blockchain technology to the old-fashion chit-fund market. “At ChitMonks, we are building India’s largest blockchain network for Savings and Borrowings. We synergize Chit Fund Companies,…
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Tether has long been used as a flight to stability when Bitcoin crashes. The influx of capital reentering the cryptocurrency market also helps to drive up valuations during bull runs. With over $9 million sidelined and climbing, could all of this capital be waiting to enter Bitcoin at the first sign of a breakout? Or…
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Bitcoin’s recent price action has done little to offer investors with insight into the cryptocurrency’s current trend, as it has been stuck between $9,000 and $10,000 for an extended period. There are a few crucial price regions within this trading range that could hold massive sway over the cryptocurrency’s near-term trend, and one analyst believes…
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