All throughout the crypto market, small-cap altcoins going on massive rallies brought back the return of talk about an impending altcoin season. However, a pair of coinciding sell signals triggering on Ethereum price charts likely brings what little, short-lived alt season that did take place to a conclusion already. Bitcoin and Other Major Crypto Assets…
DetailsThe upcoming launch of Ethereum 2.0 has investors and market participants alike speculating whether Ether is preparing for a moonshot. After the most recent correction that saw prices plummet to $191, many have claimed that the smart contracts giant hit market bottom. Santiment, a behavior analytics platform, noticed that some Reddit users are becoming overwhelmingly…
DetailsA long-term trend following indicator is about to flip bearish on Bitcoin for only the fourth time in the asset’s short, eleven-year history. However, it doesn’t necessarily mean that more downside is coming for the first-ever cryptocurrency before the next bull market and manic, FOMO-buying phase begins. Long-Term Gaussian Channel About to Flip Bearish, But…
DetailsThe mounting tensions between the US and China as a result of the ongoing pandemic have contributed to global instability and could ultimately provide a major boost to Bitcoin. The United States House of Representatives is now spearheading an effort to delist Chinese stocks from the US markets, claiming that they have long been able…
DetailsEthereum has been underperforming Bitcoin and many of its other peers over the past couple of months, with its sharp decline from yearly highs of $290 doing some damage to mid-term market structure. It now appears that Ethereum could be positioned to gain some ground against the rest of the market, as its technical outlook…
DetailsBitcoin has once again found itself caught within a bout of sideways trading as it struggles to garner any momentum as it hovers around the $8,800 region. This is around the price point at which it has been trading at throughout the past couple of days, and it does appear to be a critical support…
DetailsBitcoin is trading in a bearish zone below $9,000 against the US Dollar. BTC price is likely to accelerate lower if it breaks the $8,680 and $8,600 support levels. Bitcoin is declining and trading well below the key $9,100 pivot level. The price is likely to continue lower towards the $8,400 and $8,200 support levels.…
DetailsControversial crypto stablecoin Tether continues at full speed ahead as recent data shows its daily transactions are the highest they have ever been. A recent Reddit post shows Tether reached 208,107 daily transactions on May 25th, 2020, which equated to $1.2 billion in value. Source: reddit.com What’s more, daily transactions have been in an ascending…
DetailsAccording to the latest report from DevQuarterly, blockchain developers overall earn much less than developers working on mobile apps, websites, and custom software, as well as data scientists. There is also significantly fewer developers working on blockchain technology, indicating that the industry is still in its infancy. Analyzing the Developer Market While the blockchain industry…
DetailsBitcoin‘s hash rate, a measure of the amount of processing power fueling the cryptocurrency’s underlying blockchain protocol, has fallen to a low beyond the levels seen following the Black Thursday market collapse aftermath. Does this mean yet another, more severe selloff is possible in the day and weeks ahead? Bitcoin Hash Rate Falls To Levels…
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