Ethereum price lower highs vs. Bitcoin hint at more downside in April
Institutional investors accumulated Ether and sold off Bitcoin last week, suggesting confidence in Ethereum after the Shapella hard fork. Go to Source Powered by WPeMatico
Bookmarking Crypto Insights
Auto Added by WPeMatico
Institutional investors accumulated Ether and sold off Bitcoin last week, suggesting confidence in Ethereum after the Shapella hard fork. Go to Source Powered by WPeMatico
Bank of America and Fidelity have increased their MicroStrategy exposure in what appears to be a passive Bitcoin investment. Go to Source Powered by WPeMatico
Ether stakers have withdrawn $1.21 billion worth of ETH from Ethereum staking contracts since the Shapella upgrade. Go to Source Powered by WPeMatico
Tesla’s remaining Bitcoin stash has grown 100% from its November 2022 lows, demonstrating that hodling BTC can indeed pay off. Go to Source Powered by WPeMatico
Ethereum funds have witnessed inflows worth only $600,000 in the week ending April 7 compared to Bitcoin’s $56 million. Go to Source Powered by WPeMatico
Bitcoin price in 2023 mirrors a 2015 fractal that saw BTC price doubling from $350 to $700 in seven months. Go to Source Powered by WPeMatico
Persistent inflation and a strong labor market create conditions for more Fed rate hikes in 2023, which may push down Bitcoin against the U.S. dollar. Go to Source Powered by WPeMatico
The Bitcoin blockchain recorded another difficulty increase on Sunday, Jan. 29, 2023, at block height 774,144. The network’s difficulty increased by 4.68%, from 37.59 trillion to an all-time high of 39.35 trillion. Bitcoin Difficulty Reaches New All-Time High as Mining Gets Tougher Bitcoin’s difficulty reached another all-time high, surpassing the record set two weeks ago, … Read more
The Bitcoin network is set to record another meaningful difficulty increase on Sunday, Jan. 29, 2023, as current estimates expect it to rise 3.82% higher. The change follows the last difficulty retarget, which advanced by 10.26% to the current all-time high of 37.59 trillion. Block Time Breakdown: How Faster Discovery is Impacting Bitcoin Difficulty In … Read more
ETH price has repeatedly failed to break above a key trendline resistance and now Ethereum risks losing a strong technical support as well. Go to Source Powered by WPeMatico