The transparency of blockchain technology can be used to determine investors’ sentiment towards a given asset. By evaluating what large Bitcoin holders are doing, for instance, it is possible to estimate future price slumps or bullish impulses. Under this premise, Santiment, a behavior analytics platform, maintains that large BTC whales are preparing to push prices…
DetailsFormer IMF Chief Economist, Kenneth Rogoff states central banks should consider negative interest rates. His words, in effect, greenlight crypto assets, which stand to benefit should the Federal Reserve decide to go this route. Crypto Assets Could see a Boom off the Back of Negative Rates As central banks run out of options to stimulate…
DetailsAll the top crypto tokens fell against Bitcoin this Wednesday but recorded gains in the US dollar-enabled markets. High-cap altcoins have logged negative returns in May 2020, right ahead of Bitcoin’s much-awaited mining reward halving. Most of them still sit atop higher year-to-date profits than that of bitcoin, signaling downside correction as the halving FOMO…
DetailsRipple’s XRP has once again stolen the spotlight in the cryptocurrency market. This time around it has nothing to do with the millions of tokens dumped by one its co-founder, Jed McCaleb, or the legal cases it is facing in court. Instead, the focus has shifted towards the XRP army. They are demanding U.S. cryptocurrency…
DetailsThe most recent push in Bitcoin price by bulls has resulted in the Relative Strength Index, or RSI, reaching full power. The commonly used trend-strength measuring tool hasn’t hit such overbought conditions since the June 2019 top. Does this mean that the first-ever cryptocurrency is topping out again, or is this just the start of…
DetailsBitcoin has seen some notable upwards momentum today that has allowed the benchmark cryptocurrency to surmount the heavy resistance that it was previously facing at $9,200. Today’s upwards breakout marks a bullish resolution to the extended bout of sideways trading that the crypto was previously facing while it hovered around $8,800 for the past several…
DetailsBitcoin’s halving is here in just one week, and the first-ever cryptocurrency is widely expected to rally as a result. But Bitcoin dominance has been consolidating at a key level. This could indicate that altcoins will soon outperform BTC with a sustained rally over the next several years. BTC Dominance Reached 0.5 Fib Level, Key…
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Bitcoin’s halving is only a mere seven days away, and the bulls are already out in full force. However, according to an eerily similar price fractal that preceded oil’s recent, record-breaking fall into negative territory playing out on Bitcoin price charts, the halving may have the opposite effect than people are expecting. V-Shaped Bitcoin Recovery…
DetailsEthereum has been able to capture some notable upwards momentum today, surging towards its key near-term resistance at $210 as the aggregated crypto market pushes higher. This has allowed the crypto to narrowly avoid seeing massive losses stemming from a previously bearish market structure that it had formed. ETH isn’t completely out of the woods…
DetailsBitcoin saw a notable upswing today that allowed it to firmly surmount the heavy resistance it was previously facing at $9,200. Today’s price action has marked the first sustained period of trading within the $9,000 region that the cryptocurrency has seen since late-February. Today, most major altcoins have not been able to mirror the gains…
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