Top 5 cryptocurrencies to watch this week: BTC, UNI, ICP, AAVE, QNT
Bitcoin is trending toward a retest of its lower support and if this happens, UNI, ICP, AAVE and QNT could breakout to the upside. Go to Source Powered by WPeMatico
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Despite the Price Drop, Number of Bitcoin Held on Exchanges Continues to Slide
Roughly 49 days ago, the number of bitcoin held on exchange was around 2.503 million, according to statistics recorded by cryptoquant.com. Since then, $4.76 billion worth of bitcoin has been removed from centralized crypto exchanges, as there’s 2.275 million held on trading platforms today. Glassnode reported on July 5, that despite bitcoin’s “weak price-action through … Read more
70 to 90% Down — Crypto Economy’s Decline Shakes Out $2 Trillion in 8 Months
During the past eight months, crypto assets have shed enormous value against fiat currencies like the U.S. dollar. Bitcoin has shed 69% since the leading crypto asset’s all-time high on November 10, 2021, when the digital currency’s value tapped $69K per unit. The crypto economy has seen some healing as the market capitalization of all … Read more
2 key Ethereum derivatives metrics suggest that $880 was ETH’s bottom
Data shows Ethereum options traders are less bearish that before, and margin-based markets recently saw some investors go ultra-long on 491,000 ETH. Go to Source Powered by WPeMatico
5 events that could put an end to the current crypto bear market
Crypto bear markets are rough, but there are five moonshot events that could turn the ship around. Go to Source Powered by WPeMatico
Price analysis 7/8: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin and select major altcoins have risen from their recent lows, signaling an increase in volatility in the near term. Go to Source Powered by WPeMatico
Bitcoin price surges to $21.8K, but analysts warn that the move could be a fakeout
Traders rejoice after BTC price spikes 7% to $21,800, but analysts say the macro downtrend is likely to prevail for the foreseeable future. Go to Source Powered by WPeMatico
Survey shows 55% of crypto investors chose to HODL as Bitcoin and altcoin prices collapsed
Retail investors have been wary of buying the current BTC dip, but survey data shows that 55% of those already invested in crypto chose to HODL during the most recent volatility. Go to Source Powered by WPeMatico
Bitcoin miners sell their hodlings, and ASIC prices keep dropping — What’s next for the industry?
Beset with multiple challenges, Bitcoin miners continue to liquidate their reserves, and a handful are selling more BTC per month than they make, but is there a silver lining? Go to Source Powered by WPeMatico
Bitcoin traders expect a ‘generational bottom,’ but BTC derivatives data disagrees
BTC bulls think the bottom is in, but a neutral-to-bearish price formation and the absence of a futures premium contradict their optimism. Go to Source Powered by WPeMatico