The highly cited stock-to-flow model, designed to assign a theoretical value to Bitcoin based on the asset’s hard-coded digital scarcity, may not be mathematically sound, according to the CIO of Arcane Assets, Eric Wall. Wall not only claims the S2F model is flawed, but has offered up an alternative, dubbed the Reddit Rainbow chart, that…
DetailsXRP really hasn’t done too well over the past few months. Case in point: crypto data provider Messari indicates that “XRP was the worst performer in Q1 of the top 25 assets” in its “currencies sector,” which excludes Bitcoin. This means that XRP underperformed Bitcoin Cash, Litecoin, Monero, Stellar, and many other cryptocurrencies over the…
DetailsWhile Bitcoin has embarked on a steep recovery since the $3,700 lows seen in March, some have still been questioning the value of cryptocurrency. Case in point: a hedge fund manager named Mark Dow recently shared that he thinks the cryptocurrency is on the “edge of a cliff,” adding: “I’ve been saying…that Bitcoin on the…
DetailsThe unstoppable altcoin asset that’s taken the cryptocurrency market by storm, Tezos, has potentially formed a bull pennant on both the XTZUSD and XTZBTC pairs, signaling that a powerful breakout could be coming causing the asset to rally against both the dollar and Bitcoin. Tezos Bull Pennant Signals Potential Rally In Coming Days Across Crypto…
DetailsThe crypto market is like the wild west, with extreme price volatility across all major assets in the space due to the speculative nature of the asset class combined with the low liquidity environment. But it’s still ruled by normal market dynamics, and responds well to certain technical analysis indicators, chart patterns, and more. One…
DetailsAfter peaking just shy of $7,000 today, Bitcoin has tumbled lower, falling from the $6,950 high to $6,600 just minutes ago, a drop of 5%. Altcoins have followed suit, posting a similar loss to the crypto market leader. Bitcoin’s recent bout of weakness comes as the stock market has shown signs of reversing after last…
DetailsBitcoin failed to surpass the $6,900 and $7,000 resistance levels against the US Dollar. BTC price is back in a bearish zone and it could continue lower towards $6,200 or $6,000. Bitcoin is down around 4% and it is now trading well below the $6,800 level against the US Dollar. There was a break below…
DetailsEthereum is down close to 5% and it broke the $155 support area against the US Dollar. ETH price tested the main $145 support area and it is currently correcting higher. Ethereum struggled to clear the $160 resistance and decline below the $155 level. The bulls defended the main $145 support area (as discussed in…
DetailsRipple is down close to 5% and it broke the key $0.1810 support zone against the US Dollar. XRP price is currently recovering, but the same support is likely to protect gains. Ripple price is back in a bearish zone below the $0.1810 support against the US dollar. A new weekly low is formed near…
DetailsAs months of work on platform reconstruction is about to conclude, BiboxEurope – the leading fiat-to-crypto exchange – is back to the grind along with its new move with XRP. The last time the platform hit the market was with its cooperation with London Stock Exchange Group announced at the end of last year. The…
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