Bitcoin’s price has been stagnant for the past few months, but this hasn’t stopped institutions from pouring money into the benchmark digital asset. According to a new report from Grayscale, the company has been seeing massive institutional inflows into its BTC Trust, averaging at $43.8 million per week throughout the first half of 2020. Surprisingly,…
Details
Despite volatility in global stock markets, Bitcoin has remained relatively stagnant over recent days. Case in point: FTX’s BVOL token, which tracks volatility, is reaching all-time lows. Further corroborating this, the Bitcoin Bollinger Bands are at lows not seen since November 2018, just days before the 50% crash to the $3,000s. Yet technicals show that…
DetailsIt’s been a crazy past few days on Twitter for the Bitcoin and crypto industry. The accounts of Elon Musk, Joe Biden, Kanye West, and other prominent celebrities and names/entites in the cryptocurrency space were hacked to promote a scam involving Bitcoin. For those that don’t remember, the hackers posted tweets from these high-level accounts…
Details
Stellar (XLM) has been caught within the throes of an intense uptrend throughout the past few days, and the cryptocurrency’s momentum isn’t showing any signs of slowing down. This has allowed it to significantly outperform XRP – which is widely considered to be one of its main competitors. Analysts are now noting that this ongoing…
Details
Bitcoin is at a critical junction. A breakout into a new bull market here backs up the stock-to-flow theory and other halving and supply-driven expectations. Others believe in lengthening cycles between each major peak as adoption takes place and volatility decreases. However, the lengthening cycle theory coming true would essentially put an end to just…
DetailsThis week, the popular social platform Twitter was hacked to promote a scam where $120,000 in Bitcoin was stolen. Similar crypto scams have run rampant on the platform for some time. The ongoing issue highlights how social media has transformed from a place to post selfies, into an online community that is used to transfer…
Details
Ethereum has been closely tracking Bitcoin’s price action throughout the past several days and weeks. This has made it exposed to some near-term downside, as BTC is currently sitting just a hair above the lower boundary of its long-held trading range between $9,000 and $10,000. It appears that ETH has been forming a bullish technical…
Details
The cryptocurrency known for its wild volatility, Bitcoin, has been trading sideways for several months in a tightening trading range. Historical volatility is approaching zero, for less than the tenth time in the asset’s decade long history. In the past, this low of volatility proceeds a major move and trend change. Could the metric fast…
Details
Bitcoin’s price action in recent times has been lackluster, providing investors and analysts alike with little insight into the state of its macro trend. This ongoing sideways trading may not be unprecedented, however, as a look at the cryptocurrency’s historical post-halving price action suggests that this may simply be one of the initial phases of…
Details
The DeFi craze is showing no signs of cooling off, and each week a new crypto token is on fire as a result. The industry’s hottest token currently, is LEND, a DeFi protocol for lending and borrowing crypto assets. The altcoin is up over 3000% in 2020 alone, but there are at least three major…
Details
