Following the Bitcoin halving, concerns over miner capitulation have proven unfounded. The week just gone saw the network hash rate reach a new all-time high of 125 million TH/s. Source: blockchain.com Significant pullbacks occurred in March and May, sparking fears of the beginning of a miner’s exodus. Current data shows the Bitcoin network is strong…
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Tezos’s price rallied more than 10% and it crossed the $3.000 resistance against the US Dollar. It seems like XTZ is following Chainlink’s (XTZ) rally and aiming more upsides in the coming days. XTZ started a strong increase above the $2.500 and $2.750 resistance levels against the US dollar. The price traded to a new…
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Chainlink (LINK) rallied more than 40% and traded to a new all-time high at $8.530 against the US Dollar. It is currently correcting lower, but dips are likely to find support near $7.200. Chainlink token price extended its rally above the $7.500 and $8.000 resistance levels against the US dollar. The price traded to a…
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There’s been talk about Bitcoin’s “Hash Ribbons” over recent days. The Hash Ribbons is an indicator that derives signals from crosses in the short-term and long-term moving averages of the hash rate of the Bitcoin network. Crypto investors have begun to discuss it because they said it was on the verge of printing a bullish…
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Bitcoin is holding the $9,120 and $9,200 support levels against the US Dollar. However, BTC is facing a confluence of resistance near $9,400, above which it could start a strong rally. Bitcoin is slowly rising and trading above the $9,200 support zone. The price is trading well below the $9,400 resistance, but above the 100…
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As repeated time and time again by analysts, Bitcoin is currently in no man’s land. The cryptocurrency remains above the $8,500 support while below the resistance region at $10,000-10,500. Price has responded in kind, flatlining in the low-$9,000s as neither bulls and bears have managed to establish a trend. Yet a volatility analysis predicts that…
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Bitcoin’s lackluster trading over the past ten weeks is showing no signs of concluding anytime soon. Although the cryptocurrency has been able to see some volatility within its long-held trading range, it has not been able to develop any clear directionality throughout the past couple of months. The price action seen between $9,000 and $10,000…
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Shocking many traders, Chainlink (LINK) continued to rocket higher after our last update on the cryptocurrency. Published about two hours ago, the altcoin had passed above $7.00 for the first time ever. Now, LINK is trading at $8.21 — touching $8.50 just minutes ago as the asset has truly gone parabolic. Chart of LINK’s price…
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Bitcoin faced a brutal rejection at just below $9,400 earlier this morning. This caused the cryptocurrency’s price to reel lower, and bulls are now attempting to defend a crucial support level. BTC’s latest bout of volatile trading comes as the crypto’s weekly candle close is fast approaching, making the coming few hours potentially critical for…
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Out of the top-five cryptocurrencies, Ethereum has been the most bullish one over recent weeks. The cryptocurrency has pushed closer and closer to local highs as Bitcoin and XRP have stalled. Analysts say that with this recent price action, ETH is likely preparing to see a massive breakout. One trader, in fact, said that Ethereum…
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