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Bitcoin Price and Crypto Market Analysis: Opportunities or Risks Ahead?

Bitcoin Price and Crypto Market Analysis: Opportunities or Risks Ahead?

Analysis of why the Bitcoin and crypto market going up and potential opportunities and risks ahead.

Ethereum (ETH) and Ripple (XRP) Price Analysis

Ethereum (ETH) and Ripple (XRP) Price Analysis

Price analysis for Ethereum and XRP amidst the ongoing crypto rallies

Bitcoin Funding Turns Negative amid 70% of BTC Circulating Supply Being Hodled

Bitcoin Funding Turns Negative amid 70% of BTC Circulating Supply Being Hodled

BTC funding flipped negative following long liquidations as prices slipped to lows of $42,000.

Bitcoin’s 30-Day MVRV Shows BTC UnderBought

Bitcoin’s 30-Day MVRV Shows BTC UnderBought

Bitcoin’s 30-day MVRV, measuring the returns of 30-day trading addresses, shows BTC is underbought.

Bitcoin Supply is Moving to Strong Hands amid BTC On-Chain Analysis Going Mainstream

Bitcoin Supply is Moving to Strong Hands amid BTC On-Chain Analysis Going Mainstream

The current Bitcoin correction has not dampened the spirits of strong hands, investors who hold for future purposes because they are accumulating more coins.

Bitcoin Transferred $98,769 of Value for Just $1 in Fees Last Month, Analyst Says

Bitcoin Transferred $98,769 of Value for Just $1 in Fees Last Month, Analyst Says

Despite the consolidation happening in the Bitcoin market, the leading cryptocurrency has emerged as an efficient settlement network based on the low fees charged.

Bitcoin’s Long-Term Fundamentals Remain Strong

Bitcoin’s Long-Term Fundamentals Remain Strong

Despite the bearish momentum in the Bitcoin market, long-term fundamentals are in the green because coins are moving from weak hands to strong ones.

Almost $98 Billion Evaporated in the Crypto Space Triggered by a Big Sell-Off in the Global Stock Market

Almost $98 Billion Evaporated in the Crypto Space Triggered by a Big Sell-Off in the Global Stock Market

About $98 billion has been evaporated in the crypto market as Bitcoin sinks below $30K for the second time since mid-May.

Bitcoin (BTC) Enters Accumulation Phase Amid Market Adjustments

Bitcoin (BTC) Enters Accumulation Phase Amid Market Adjustments

Bitcoin (BTC) enters accumulation phase as market adjusts post-all-time high.

Crowd Sentiment Towards Bitcoin Hit Historic Lows as BTC Addresses in Profit Reach a Monthly Low

Crowd Sentiment Towards Bitcoin Hit Historic Lows as BTC Addresses in Profit Reach a Monthly Low

On-chain metrics provider Santiment acknowledged that FUD (fear, doubt, and uncertainty) has made crowd sentiment towards BTC sink to historic lows.

Bitcoin Transaction Volume Hits a Monthly Low as Consolidation Continues

Bitcoin Transaction Volume Hits a Monthly Low as Consolidation Continues

Bitcoin has found itself in a consolidation state based on low transaction volume.

Bitcoin Lightning Network Hits ATH, Signalling Heightened Grounds for Adoption

Bitcoin Lightning Network Hits ATH, Signalling Heightened Grounds for Adoption

The Bitcoin Lightning Network continues going through the roof by making historic highs.

Ethereum Median Fees Slip to 6-Month Low, Will this Reignite Rebound?

Ethereum Median Fees Slip to 6-Month Low, Will this Reignite Rebound?

Ethereum's median fees dropped to lows not seen since July 2021, raising the question of whether a rebound is on the horizon.

Despite Interest Rate Hike, Bitcoin is at an Inflection Point - Bloomberg Strategist

Despite Interest Rate Hike, Bitcoin is at an Inflection Point - Bloomberg Strategist

As Bitcoin continues ranging between the $29K and $30K zone, the leading cryptocurrency’s inflection point is at $30,000, according to Mike McGlone, the senior commodity strategist at Bloomberg Intelligence.

Ethereum 2.0 Continues to Gain Steam, Staked ETH Tops 10 Million

Ethereum 2.0 Continues to Gain Steam, Staked ETH Tops 10 Million

The transition to Ethereum 2.0, which was renamed the consensus layer, continues to gain momentum because the amount of staked Ether is nearly 10% of the entire ETH supply.

Bitcoin Surges to New ATH of $68,500 with Big Money Emerging as the Largest Catalyst

Bitcoin Surges to New ATH of $68,500 with Big Money Emerging as the Largest Catalyst

Bitcoin has scaled to heights not seen in its twelve-year journey by hitting a new all-time high (ATH) of 68,500.

Top Crypto Assets are in Fear Trajectory, Could this Signal a Bounce?

Top Crypto Assets are in Fear Trajectory, Could this Signal a Bounce?

The crypto market continues to be in the red based on more liquidation. As a result, the leading cryptocurrencies are in the fear zone.

Bitcoin Climbs to $40K Despite Fed’s Interest Rate Hike, Is Sell The Rumor Buy The News Playing Out?

Bitcoin Climbs to $40K Despite Fed’s Interest Rate Hike, Is Sell The Rumor Buy The News Playing Out?

Despite the Federal Reserve (the Fed) increasing interest rates by half a point (0.5%), Bitcoin soared by 6% to reach $40,002.

Global NFT Market Expected to Hit $97.6B by 2028, Recording a CAGR of 31.6%

Global NFT Market Expected to Hit $97.6B by 2028, Recording a CAGR of 31.6%

Since non-fungible tokens (NFTs) help build authentic intellectual property, this is one of the key drivers expected to push the sector to a $97.6 billion valuation by 2028, according to a report by Research and Markets.

Buying Pressure Builds up on Ethereum Network, Pushing Price Above $1,300 Amid Merge News

Buying Pressure Builds up on Ethereum Network, Pushing Price Above $1,300 Amid Merge News

Ethereum (ETH) experienced notable momentum that drove the price above $1,300 after news of the much-anticipated merge made the airwaves.

Bitcoin Hodlers are Unwilling to Spend at Lower Prices as Most Coins Remain Untouched

Bitcoin Hodlers are Unwilling to Spend at Lower Prices as Most Coins Remain Untouched

Despite the bearish momentum experienced in the Bitcoin (BTC) market, long-term hodlers remain steadfast because they are not selling.

Is Bitcoin Gearing Up for Consolidation Before Triggering a New Bullish Cycle?

Is Bitcoin Gearing Up for Consolidation Before Triggering a New Bullish Cycle?

With Bitcoin (BTC) hovering around the 200-week moving average (MA), some analysts believe that the top cryptocurrency might be laying grounds for a ranging market that would, later on, prompt a bullish cycle.

Bitcoin Corrects after Hitting ATH at the $66,900 Level, Holders Remain Unfazed

Bitcoin Corrects after Hitting ATH at the $66,900 Level, Holders Remain Unfazed

Holders remain unperturbed about the current correction in the Bitcoin market if history is to repeat itself.

El Salvador’s Bitcoin Fortune Nosedives with At Least $11M Loss: Bloomberg Analysts

El Salvador’s Bitcoin Fortune Nosedives with At Least $11M Loss: Bloomberg Analysts

With the crypto market witnessing massive liquidations affecting retail and institutional investors, El Salvador has also been on the receiving end with a loss of more than $11 million, given that it holds at least 1,391 Bitcoin, according to Bloomberg.

Bitcoin Addresses at a Loss Hit a 2-Year High as Extreme Fear Engulfs the Market

Bitcoin Addresses at a Loss Hit a 2-Year High as Extreme Fear Engulfs the Market

The bearish momentum witnessed in the Bitcoin (BTC) market has made addresses at a loss to climb to a two-year high.

Ethereum Whales Buy Dip, Increasing Holdings by 180,000 ETH

Ethereum Whales Buy Dip, Increasing Holdings by 180,000 ETH

Ethereum whales took advantage of the recent dip by increasing their holdings by 180,000 ETH.

$100,000 Forecasted as the Largest Strike Price for Bitcoin Options this Year, Analysis Predict

$100,000 Forecasted as the Largest Strike Price for Bitcoin Options this Year, Analysis Predict

The biggest strike price for BTC options is $100,000 with an open interest (OI) of $500 million.

Bitcoin’s Average 30-Day Trader Returns Haven’t Dipped This Low Since Black Thursday

Bitcoin’s Average 30-Day Trader Returns Haven’t Dipped This Low Since Black Thursday

On-chain metrics provider Santiment revealed that the latest correction in the market has made Bitcoin’s average 30-day trader returns slip to lows not seen since Black Thursday.

Will Ethereum Merge Trigger a Shift from Selling to Buying Pressure?

Will Ethereum Merge Trigger a Shift from Selling to Buying Pressure?

DeFi educator Korpi believes the merge of Ethereum will be a game-changer because structural supply will shift to structural buying.

Large Institutional Transactions Take the Lion’s Share of Bitcoin Volume at 99%

Large Institutional Transactions Take the Lion’s Share of Bitcoin Volume at 99%

Institutional demand for Bitcoin does not seem to be fading based on the large transactions volume witnessed, according to a report by IntoTheBlock.

Bitcoin is Still on Track of Hitting $100K in the Long Term, OKCoin CEO says

Bitcoin is Still on Track of Hitting $100K in the Long Term, OKCoin CEO says

Speaking on an interview Wednesday, Hong Fang, the CEO of crypto exchange OKCoin, opined that Bitcoin reaching $100,000 would not be a problem in the long term.

Digital Asset Investments Surge to $117 Million

Digital Asset Investments Surge to $117 Million

Last week, digital asset investment products experienced record inflows and volumes.

As Bitcoin Stares at the Psychological Price of $20,000, Will it Hold?

As Bitcoin Stares at the Psychological Price of $20,000, Will it Hold?

After months of consolidation between the $28K and $32K zone, a bullish or bearish run was imminent, and Bitcoin (BTC) has taken the latter route.

Bitcoin’s Long Liquidation Dominance Hits an 8-Month High at 69%

Bitcoin’s Long Liquidation Dominance Hits an 8-Month High at 69%

Having traded below $45,000 for seven days now, Bitcoin (BTC) has been in the red based on significant liquidation.

Bitcoin’s Social and Trading Volumes Hit a 5-Week High as Address Activity Surge to a 3-Week High

Bitcoin’s Social and Trading Volumes Hit a 5-Week High as Address Activity Surge to a 3-Week High

As Bitcoin (BTC) continues testing the $40K waters, its social and trading volumes are going through the roof, as acknowledged by on-chain metrics provider Santiment.

Cardano Elbows Ripple to Take 6th Position, Thanks to Heightened Development Activity

Cardano Elbows Ripple to Take 6th Position, Thanks to Heightened Development Activity

Cardano (ADA) has been scaling the heights because it is now the sixth-largest cryptocurrency after dethroning Ripple (XRP) with a market capitalization of $20.71 billion, according to CoinMarketCap.

Bitcoin at $64,000 is Amazing But It’s Just the Start, says Market Analyst

Bitcoin at $64,000 is Amazing But It’s Just the Start, says Market Analyst

Crypto trader Michael van de Poppe believes that Bitcoin at $64,000 is amazing, but this is just the start.

Worldwide Blockchain Distributed Ledger Market to Hit $20.6B by 2027 - Report

Worldwide Blockchain Distributed Ledger Market to Hit $20.6B by 2027 - Report

The global blockchain distributed ledger market is expected to grow from $3.5 billion recorded in 2021 to $20.6 billion by 2027, according to a report by Research and Markets.

The Number of Bitcoin Addresses in Profitability Breaks the Record, Price Inches Closer to ATH of $64,800

The Number of Bitcoin Addresses in Profitability Breaks the Record, Price Inches Closer to ATH of $64,800

The number of Bitcoin addresses in profit has reached a record high of 37,396,654.839. The market is expecting Bitcoin to break through $64.8K ATH level.

Bitcoin Hits New All-Time High Above $62,000

Bitcoin Hits New All-Time High Above $62,000

BTC has scaled a new height by surging past the $62k mark, a fate not seen in its twelve-year journey.

Bitcoin Briefly Slips Below $20K amid Fed Chair’s Revelation that Rate Tightening will Continue

Bitcoin Briefly Slips Below $20K amid Fed Chair’s Revelation that Rate Tightening will Continue

Bitcoin (BTC) nosedived below the psychological price of $20,000 as recession, and rate tightening fears engulfed the market.

Non-Zero Bitcoin Addresses Hit ATH as Illiquid Supply Sees Major Growth

Non-Zero Bitcoin Addresses Hit ATH as Illiquid Supply Sees Major Growth

More participants continue to join the Bitcoin (BTC) network despite continued consolidation.

Bitcoin Breaches Psychological Level of $30K amid Dollar Index Slipping

Bitcoin Breaches Psychological Level of $30K amid Dollar Index Slipping

After printing nine consecutive weekly red candles, a scenario not seen in its 13-year journey, Bitcoin (BTC) is back to winning ways after topping the psychological price of $30,000.

Bitcoin Slips to 4-Month Low as Kazakhstan Internet Shutdown Hampers Mining

Bitcoin Slips to 4-Month Low as Kazakhstan Internet Shutdown Hampers Mining

Bitcoin dropped below $42K for the first time since September 2021 as the market remains in the red.

Long-Term Hodlers Remain Unfazed, Despite Bitcoin’s Sentiment Hitting Rock Bottom

Long-Term Hodlers Remain Unfazed, Despite Bitcoin’s Sentiment Hitting Rock Bottom

As Bitcoin stagnates between the $29K and $30K levels, sentiment about the leading cryptocurrency has nosedived to levels last seen during the onset of the Covid-19 pandemic in March 2020.

Bitcoin Needs to Continue Standing above $19,200 to Dilute Downward Pressure, Analyst Says

Bitcoin Needs to Continue Standing above $19,200 to Dilute Downward Pressure, Analyst Says

Market analyst Ali Martinez believes the leading cryptocurrency should stand above $19,200 to reduce selling pressure because this is a significant level.

Global Blockchain Technology Market Expected to Hit $19.9 Billion

Global Blockchain Technology Market Expected to Hit $19.9 Billion

The global blockchain technology market is anticipated to reach $19.9 billion by 2026 from the current $3.4 billion value, according to market research publisher Global Industry Analysts Inc.

Massive Outflows and Burnt Ether Stimulate Ethereum Scarcity to Continue

Massive Outflows and Burnt Ether Stimulate Ethereum Scarcity to Continue

Ever since the London Hardfork or EIP-1559 upgrade went live in August 2021, Ethereum’s supply continues to be depleted based on the burning mechanism incorporated.

Ethereum’s Transaction Volume Hits a 5-Month High

Ethereum’s Transaction Volume Hits a 5-Month High

Despite Ethereum (ETH) correcting from the historic high of $4,860 attained recently, the second-largest cryptocurrency is still experiencing high transaction volume on its network.

Bitcoin Needs to Hold $36K for Sustainable Upward Momentum

Bitcoin Needs to Hold $36K for Sustainable Upward Momentum

BTC should go back to the $36K level before flipping it to support more upward momentum, analysts said.

Bitcoin Investment Requires a Long-Term Strategy, Says Former Wall Street Stockbroker

Bitcoin Investment Requires a Long-Term Strategy, Says Former Wall Street Stockbroker

Based on the back and forth experienced in the Bitcoin market, a long-term approach is suggested for investment in the leading cryptocurrency, according to Jordan Belfort, a former Wall Street stockbroker.

Assets Belonging to Troubled Crypto Lender Celsius to go Under the Hammer

Assets Belonging to Troubled Crypto Lender Celsius to go Under the Hammer

Celsius Network Ltd., a troubled and bankrupt crypto lender, has disclosed the auction dates for its assets.

Bitcoin Gains Momentum after Hitting Lows of $37,500 as Altcoins Bleed

Bitcoin Gains Momentum after Hitting Lows of $37,500 as Altcoins Bleed

After hitting lows of $37,585 over the weekend, Bitcoin has gained some momentum by breaching the $38K level.

64% of Bitcoin’s Circulating Supply Stagnated for more than 12 Months as Accumulation Continues

64% of Bitcoin’s Circulating Supply Stagnated for more than 12 Months as Accumulation Continues

The amount of Bitcoin’s circulating supply that has stagnated for at least a year hit an all-time high (ATH) of 64%, signaling a supply deficit.

Bitcoin $30K Resilience Amid Crypto Meltdown and Stablecoin Crash Shows its Brilliant Architecture - PayBito CEO

Bitcoin $30K Resilience Amid Crypto Meltdown and Stablecoin Crash Shows its Brilliant Architecture - PayBito CEO

Despite Bitcoin’s slashed valuation in the past few months, the leading cryptocurrency has steadily held the $30,000 level because of its unique decentralized proof-of-work (PoW) mechanism, according to Raj Chowdhury, the CEO of crypto trading platform PayBito

The Value Stored in the Bitcoin Network Stands at an All-Time High

The Value Stored in the Bitcoin Network Stands at an All-Time High

The value stored in the Bitcoin network is at a record high based on the realized price.

Bitcoin Stands in the Last Resistance Zone, staring at the ATH level of $64,800

Bitcoin Stands in the Last Resistance Zone, staring at the ATH level of $64,800

Bitcoin has been able to pick up the pieces because it is 11% away from the all-time high (ATH) price of $64,800 set in mid-April.

Is Bitcoin on the Verge of Forming the Bottom?

Is Bitcoin on the Verge of Forming the Bottom?

The Long-Term Holder NUPL (LTH-NUPL) indicator shows Bitcoin’s bottom is forming since it is at the same level as the past two significant pullbacks of 2021.

Active Addresses of Ethereum Hit Monthly High with $22B Being Staked before the Merge

Active Addresses of Ethereum Hit Monthly High with $22B Being Staked before the Merge

Ethereum continues to be at the centre stage after undergoing its biggest software upgrade called the Merge. As a result, active ETH addresses have skyrocketed after hitting a monthly high.

Bitcoin Hodlers Remain Steadfast, Coins Aged over 3 months Hit ATH of 86.3%

Bitcoin Hodlers Remain Steadfast, Coins Aged over 3 months Hit ATH of 86.3%

Despite Bitcoin lacking a significant upward momentum, this has not dampened the spirits of hodlers because coins aged at least 3 months hit an ATH of 86.3%, according to Glassnode.

Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?

Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?

LUNA has left crypto enthusiasts' mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight.

Blockchain in Manufacturing Market Expected to Hit $17 Billion by 2027

Blockchain in Manufacturing Market Expected to Hit $17 Billion by 2027

The urge to streamline operations and track assets with unprecedented precision are some of the factors expected to make the blockchain in the global manufacturing market hit $17.047 billion by 2027, according to a report by Research and Markets.

Entities Holding Less Than 100 BTC are the Best Survivors amid LUNA's Liquidation

Entities Holding Less Than 100 BTC are the Best Survivors amid LUNA's Liquidation

In a bid to salvage the LUNA and UST crash, the Luna Foundation Guard (LFG) liquidated 80,081 BTC, but these coins were received with open arms by entities holding less than 10,000 Bitcoins.

Bitcoin’s Mining Difficulty Jumps by 3.44%, Reaching New ATH at 36.84 Trillion

Bitcoin’s Mining Difficulty Jumps by 3.44%, Reaching New ATH at 36.84 Trillion

Bitcoin's mining difficulty has increased by 3.44%. The increase means that more competition is rising.

Ethereum Merge Might Happen in August as Testing Enters Final Round

Ethereum Merge Might Happen in August as Testing Enters Final Round

Speaking at the Permissionless 2022 Conference in Florida, U.S., Ethereum Researcher Justin Drake disclosed that the merge might happen in August.

Bitcoin's Market Confidence Slips as Retail Sentiment Breaks 30-Day Low

Bitcoin's Market Confidence Slips as Retail Sentiment Breaks 30-Day Low

Bitcoin’s retail sentiment breaking a 30-Day low indicates a drop in market confidence.

Bitcoin Needs Upward Catalyst to Exit the Current Range as Scepticism Mounts, Says Expert

Bitcoin Needs Upward Catalyst to Exit the Current Range as Scepticism Mounts, Says Expert

The retracement to the $29K zone has jeopardized the much-anticipated Bitcoin (BTC) recovery as skepticism engulfs the market.

Bitcoin Remains Bullish Based on the Formation of an Ascending Channel

Bitcoin Remains Bullish Based on the Formation of an Ascending Channel

The formation of a parallel channel on the daily chart suggests BTC can still drop to $57,000-$54,000 to then rebound towards $75,000, according to analyst Ali Martinez.

Bitcoin Should Reclaim the $40K to $42K Zone, Which Has Served as Support and Resistance for a Year

Bitcoin Should Reclaim the $40K to $42K Zone, Which Has Served as Support and Resistance for a Year

Bitcoin’s intention to breach the high resistance area between $38,000 and $40,000 continues.

Bitcoin Scarcity Scales the High as Illiquid Supply Hits 85% in the Last Three Months

Bitcoin Scarcity Scales the High as Illiquid Supply Hits 85% in the Last Three Months

92% of Bitcoin supply hasn't moved in at least 30 days and 85% of this has been immobile for at least 3 months.

Citi Believes The Merge Will Make Ethereum a “Yield-Bearing Asset”

Citi Believes The Merge Will Make Ethereum a “Yield-Bearing Asset”

Citigroup Inc. or Citi, an American multinational investment bank, disclosed that the merge would make Ethereum (ETH) a deflationary asset. As a result, the second-largest cryptocurrency will become a “yield-bearing asset.”

Bitcoin’s Profit-Taking Skyrockets, Will $40K to Be Reclaimed?

Bitcoin’s Profit-Taking Skyrockets, Will $40K to Be Reclaimed?

Profit-taking tendencies in the Bitcoin market contributed to the price dropping below the psychological price of $40,000.

Crypto Trading Volume Picks Up as Bitcoin Breaches $40K Level

Crypto Trading Volume Picks Up as Bitcoin Breaches $40K Level

After dropping to lows of $38.5K over the Easter weekend, Bitcoin has gained momentum and breached the psychological price of $40,000 based on an uptick in trading volume.

Bitcoin Needs to Hold the $36K-$37K Support Level, Avoid Further Downward Momentum

Bitcoin Needs to Hold the $36K-$37K Support Level, Avoid Further Downward Momentum

To avoid a further slip, Bitcoin needs to hold the zone between $36,000 and $37,000.

Bitcoin Eyes for a Clear Direction amid the Mist

Bitcoin Eyes for a Clear Direction amid the Mist

BTC traders are waiting for the next significant movement in either direction, as acknowledged by on-chain metrics provider Santiment.

Double Bottom Pattern Playing Out in the Bitcoin Market, Is $50K in Sight?

Double Bottom Pattern Playing Out in the Bitcoin Market, Is $50K in Sight?

A double bottom pattern continues to play out in the BTC market because the leading cryptocurrency has remained steadfast above the psychological price of $40,000 for the past few days.

The No. of Non-Zero Bitcoin Addresses Hit a 6-Month High, amid Realized Volatility Drifting to a 1-year Low

The No. of Non-Zero Bitcoin Addresses Hit a 6-Month High, amid Realized Volatility Drifting to a 1-year Low

Bitcoin has been attracting more participants, given that the number of non-zero BTC addresses reached a 6-month high.

Bitcoin Addresses Holding Over 10,000 Coins Hit a Monthly High

Bitcoin Addresses Holding Over 10,000 Coins Hit a Monthly High

The number of Bitcoin addresses holding at least 10,000 coins reached a monthly high of 86 as the holding culture continues being a favoured strategy in this market.

NFT Sales Slide to a 12-Month Low Amid Crypto Meltdown

NFT Sales Slide to a 12-Month Low Amid Crypto Meltdown

The bloodbath in the crypto market has contributed to sales in the non-fungible token (NFT) sector slipping to a 12-month low, according to crypto analytic firm Chainalysis.

Bitcoin Gains Momentum Based on Positive CPI Numbers

Bitcoin Gains Momentum Based on Positive CPI Numbers

After slipping to lows of $15.5K amid FTX’s liquidity crunch, Bitcoin gained momentum based on positive consumer price index (CPI) numbers released by the U.S. Bureau of Labor Statistics.

Bitcoin Needs to Hold the $45K to $47K Zone for a Bullish Momentum

Bitcoin Needs to Hold the $45K to $47K Zone for a Bullish Momentum

Analysts suggest that bitcoin should hold the $45,000 to $47,000 area for an upward momentum to reignite.

Retail Investment in Bitcoin Dries Up as Price Hovers Below $50K on NY's Eve

Retail Investment in Bitcoin Dries Up as Price Hovers Below $50K on NY's Eve

Retail interest in the Bitcoin (BTC) market has been down-trending as Google search volume hit yearly lows.

Bitcoin’s Bear Trap Might be Over as Price Jumps to New ATH of $66,952

Bitcoin’s Bear Trap Might be Over as Price Jumps to New ATH of $66,952

Market analyst Lark Davis Believed that the bear trap experienced in the BTC market might be over, along with reaching a new ATH of the Bitcoin's price.

Bitcoin Flows into Ethereum Network and Corporate Treasuries as WBTC

Bitcoin Flows into Ethereum Network and Corporate Treasuries as WBTC

Throughout 2021, Bitcoin’s circulating supply has experienced significant changes as part of it has flowed into the Ethereum (ETH) network, exchange-traded investment vehicles, and corporate treasuries in the form of WBTC.

Bitcoin Bleeds Across the Board as BTC Drops to a 6-Week Price Low

Bitcoin Bleeds Across the Board as BTC Drops to a 6-Week Price Low

Market analyst Joseph Young believes that fear is causing the Bitcoin market to drop.

Bitcoin’s Dominance Skyrockets as Market Capitalization Tops $1 Trillion

Bitcoin’s Dominance Skyrockets as Market Capitalization Tops $1 Trillion

On-chain metrics provider Santiment believes Bitcoin’s dominance and price have been driven by a surge in token circulation.

Bitcoin Investors are "Buying the Dip" in Anticipation of a Bounce Back to $55K in Six Months, Morning Consult Study Shows

Bitcoin Investors are "Buying the Dip" in Anticipation of a Bounce Back to $55K in Six Months, Morning Consult Study Shows

Bitcoin investors are still optimistic because they continue stacking with the expectation that the price will rebound to the $55,223 level in six months, according to a study by data intelligence company Morning Consult.

Will Ethereum's Records Biggest Crypto Exchange Outflow in 2022 Propel More Upward Momentum?

Will Ethereum's Records Biggest Crypto Exchange Outflow in 2022 Propel More Upward Momentum?

Ethereum witnessed the largest crypto exchange outflow this year, given that coins exited in droves to the tune of more than 180,000 ETH.

Bitcoin Funding Hits a Monthly Low as Consolidation Continues

Bitcoin Funding Hits a Monthly Low as Consolidation Continues

The consolidating Bitcoin market has been partly prompted by funding rates hitting a monthly low.

Bitcoin Looks Set to Make the Highest Weekly Surge Since March

Bitcoin Looks Set to Make the Highest Weekly Surge Since March

Bitcoin (BTC) has been sluggish for the past couple of weeks, but this might change because it is on course for its highest weekly gain since March.

Bitcoin’s Average Coin Dormancy Hits a 3-Month High

Bitcoin’s Average Coin Dormancy Hits a 3-Month High

Bitcoin's average coin dormancy has been going through the roof based on the current consolidating market.

Ethereum's Median Fees Drop by 88.7%,Hitting a Two-Month Low

Ethereum's Median Fees Drop by 88.7%,Hitting a Two-Month Low

Ethereum traders have a reason to smile because transaction fees dropped from November highs of $34.19 to $3.84 per transaction, representing an 88.7% decline.

Bitcoin’s Small to Mid-Sized Addresses Continue Going Through the Roof

Bitcoin’s Small to Mid-Sized Addresses Continue Going Through the Roof

As Bitcoin continues hovering around the $19K zone, small to mid-sized addresses are scaling the heights, according to Santiment.

Long Term Bitcoin Holders Taking Profits but not Exiting in Masses

Long Term Bitcoin Holders Taking Profits but not Exiting in Masses

Bitcoin has been correcting and this trend can be explained by the fact that long-term holders (LTHs) have been taking profits

2.3 Million Bitcoins Have not Moved in More Than 10 Years

2.3 Million Bitcoins Have not Moved in More Than 10 Years

More than 2.3 million Bitcoins might have been lost based on their immobility for at least ten years.

Ethereum Supply Diminishes to a Record Low Amid ETH Breaking the Record at $4,400

Ethereum Supply Diminishes to a Record Low Amid ETH Breaking the Record at $4,400

Ethereum’s record-breaking surge is being attributed to diminished supply and high token circulation.

Total Fees Paid on Bitcoin Network Hit Monthly Low, Hashrate Records Historic Highs

Total Fees Paid on Bitcoin Network Hit Monthly Low, Hashrate Records Historic Highs

Bitcoin’s friendliness in terms of the low transaction fees paid to use its network continues because it hit a monthly low.

82% Ethereum Holders Still in Profitability Despite Price Slipping Below $4,000

82% Ethereum Holders Still in Profitability Despite Price Slipping Below $4,000

Ethereum has yielded an annual return more than five times that of Bitcoin.

Bitcoin's Balance on Exchanges Hits a 4-Year Low Amid Traders Becoming Overly Optimistic

Bitcoin's Balance on Exchanges Hits a 4-Year Low Amid Traders Becoming Overly Optimistic

As Bitcoin (BTC) continues hovering around the $20K area, the balance on exchanges is shrinking.

Is Bitcoin Edging Closer to the End of a Bear Market?

Is Bitcoin Edging Closer to the End of a Bear Market?

The back and forth experienced in the Bitcoin (BTC) market might soon come to an end based on various indicators, according to a crypto analyst under the pseudonym PlanB.

Bitcoin’s Volume Dominates Performance More than Volatility, Cumberland Suggests

Bitcoin’s Volume Dominates Performance More than Volatility, Cumberland Suggests

Even though some analysts have stipulated that Bitcoin’s volatility is a cause for concern, crypto trading firm Cumberland believes volume is what matters the most.

Bitcoin’s Average Trader Monthly Swings Back to Sink for the First Time Since July

Bitcoin’s Average Trader Monthly Swings Back to Sink for the First Time Since July

After recording a 10% daily loss on September 8, BTC traders’ monthly returns slumped.

Bitcoin’s Social Dominance Hits 2-Months High

Bitcoin’s Social Dominance Hits 2-Months High

Interest for Bitcoin spiked on social platforms over the weekend, leading to its social dominance surging, according to Santiment.

Long-Term Holders Liquidate their Supply as Bitcoin Slips to a 6-Week Low

Long-Term Holders Liquidate their Supply as Bitcoin Slips to a 6-Week Low

Long-term holder supply dropped by approximately 76,633 BTC day over day.

Crypto Exchange OKX Unveils Precautionary Measures Ahead of the Ethereum Merge

Crypto Exchange OKX Unveils Precautionary Measures Ahead of the Ethereum Merge

With the Ethereum merge just around the corner, crypto exchange OKX has given a service update that includes suspension of ETH deposits and withdrawals during the much-anticipated event.

Bitcoin Continues to Circulate in a Semi-Bullish Territory

Bitcoin Continues to Circulate in a Semi-Bullish Territory

Bitcoin is still in a semi-bullish area, given that circulation continues to be steady, according to on-chain metrics provider Santiment.

Bitcoin Circulation and Active Addresses Holding Steadily Despite Retracement

Bitcoin Circulation and Active Addresses Holding Steadily Despite Retracement

Bitcoin’s active addresses and circulation have not slowed down, despite the present correction because they have remained relatively strong.

Is Bitcoin Getting Ready for a Breakout?

Is Bitcoin Getting Ready for a Breakout?

There seems to be light at the end of the tunnel for a breakout in the Bitcoin market because the multi-month downtrend witnessed on the momentum indicator has broken out to the upside.

Bitcoin Funding Rates Have Calmed Down - Has Greed in the BTC Market been Neutralized?

Bitcoin Funding Rates Have Calmed Down - Has Greed in the BTC Market been Neutralized?

Bitcoin funding rates have slowed down since the leading cryptocurrency scaled to new heights of $69,000.

Bitcoin Touches $21K amid Fed's Interest Rate Hike Hitting a 28-Year High

Bitcoin Touches $21K amid Fed's Interest Rate Hike Hitting a 28-Year High

Bitcoin (BTC) was up by 2.90% in the last 24 hours to hit $21,782 during intraday trading, with news about the Federal Reserve’s interest rate increase of 75 basis points (bps) making airwaves.

To Avoid a Global Recession the Fed Should Ease Interest Rate Hikes - UN Report

To Avoid a Global Recession the Fed Should Ease Interest Rate Hikes - UN Report

Caution should not be thrown to the wind when it comes to tightening fiscal and monetary policies because this could trigger a global recession, according to a UN agency report.

Bitcoin Slips to $35.7K as Daily Active Addresses Hit a 5-Month High

Bitcoin Slips to $35.7K as Daily Active Addresses Hit a 5-Month High

Bitcoin (BTC) entered the weekend in the red after dropping to the $35.7K level based on a high number of daily active addresses, according to market insight provider Santiment.

Bitcoin Hodlers’ Accumulation Continues, Ruble-Denominated BTC Volumes Hitting 9-Month High

Bitcoin Hodlers’ Accumulation Continues, Ruble-Denominated BTC Volumes Hitting 9-Month High

Bitcoin hodlers remain unfazed despite the leading cryptocurrency recently hitting lows of $34,000 as they continue accumulating more coins.

Bitcoin’s Significant Support Stands at $42.2K, Illiquid Supply Soars for 214 Days

Bitcoin’s Significant Support Stands at $42.2K, Illiquid Supply Soars for 214 Days

Based on Bitcoin’s transaction history, notable support lies at the $42,260 as many addresses bought coins at this level.

With Upcoming Interest Rate Hike from Fed, Is BTC's Current Rally Short-Lived?

With Upcoming Interest Rate Hike from Fed, Is BTC's Current Rally Short-Lived?

Bitcoin has regained momentum and reclaimed the $23K level, but this begs the question if this uptick is short-lived, given that the upcoming interest rate hike from the Fed.

Ethereum Worth Nearly $195M Staked in ETH 2.0 Deposit Contract Over the Past Week

Ethereum Worth Nearly $195M Staked in ETH 2.0 Deposit Contract Over the Past Week

More investments continue trickling into Ethereum 2.0 deposit contract based on the historic highs noted.

Bitcoin's Consolidation Continues amid Addresses Holding BTC Scaling the Heights

Bitcoin's Consolidation Continues amid Addresses Holding BTC Scaling the Heights

Bitcoin has consolidated between the $38K and $45K zone for the past two months, as indecisiveness continuously rocks the market, even though BTC addresses continue going through the roof.

Bitcoin Needs to Break $44.5K Resistance, before Pushing Forward to $48K Level, says Analysis

Bitcoin Needs to Break $44.5K Resistance, before Pushing Forward to $48K Level, says Analysis

Bitcoin needs to break through $44,500 so that the current range can be shattered, which will be instrumental in driving the price to the $48K area.

Ethereum Closed in Green for 7 Weeks amid Burnt Ether Topping $4b

Ethereum Closed in Green for 7 Weeks amid Burnt Ether Topping $4b

Ethereum has made seven positive weekly closes, given that it has enjoyed a significant upward momentum this quarter.

Non-Zero Bitcoin Addresses Reach Historic Highs, BTC’s On-Chain Settlement Efficiency Goes a Notch Higher

Non-Zero Bitcoin Addresses Reach Historic Highs, BTC’s On-Chain Settlement Efficiency Goes a Notch Higher

Bitcoin is showcasing itself as one of the most efficient monetary settlement networks, given that it transferred an average of $95,142 for a fee of $1 compared to Ethereum’s $139 in the past week.

Ethereum Performs Better than Bitcoin in Annual Returns with a 663% Gain

Ethereum Performs Better than Bitcoin in Annual Returns with a 663% Gain

Ethereum's annual return stands at 663.7%, performing much stronger compared to Bitcoin’s 195.5%.

Following a Bullish Breakout, Will Bitcoin Touch $25K Level?

Following a Bullish Breakout, Will Bitcoin Touch $25K Level?

After experiencing notable back and forth around the psychological price of $20,000, Bitcoin got a sigh of relief after pumping to mid-June levels of $22K.

Bitcoin Continues Holding Above the 200 MA, with $34K Being the Redline

Bitcoin Continues Holding Above the 200 MA, with $34K Being the Redline

With the 200-day moving average (MA) being a significant indicator used to determine the general market trend, Bitcoin (BTC) continues trading above this line.

Institutional Investors are not Yet Buying Bitcoin as Price Slips Below $20K

Institutional Investors are not Yet Buying Bitcoin as Price Slips Below $20K

After enjoying notable momentum above $20,000, Bitcoin (BTC) slipped below this psychological price amid low appetite from institutional investors.

Ethereum Validators Hit 300,000, Non-Zero ETH Addresses Reach ATH

Ethereum Validators Hit 300,000, Non-Zero ETH Addresses Reach ATH

The number of validators on the Ethereum network continues gaining steam after hitting the 300,000 mark.

Bitcoin Dipped below 100-hour MA, Triggering Further Downswing, Analyst Suggests

Bitcoin Dipped below 100-hour MA, Triggering Further Downswing, Analyst Suggests

Bitcoin dipped below the 100-hour MA, triggering a continuous downswing. Analysts suggest the leading crypto might further drop to a level between $19.3K and $18.6K.

ETH Merge Will Propel Narrative of Cryptos Being Eco-Friendly: Head of Sales at Moneycorp

ETH Merge Will Propel Narrative of Cryptos Being Eco-Friendly: Head of Sales at Moneycorp

Once Ethereum shifts to a PoS consensus mechanism, validators will replace miners in the confirmation of blocks because they will use the staked Ether. As a result, prompting a more cost-efficient and environmentally friendly approach.

Bitcoin Miners’ Accumulation Has Been Consistent for Nearly a Year

Bitcoin Miners’ Accumulation Has Been Consistent for Nearly a Year

Bitcoin miners have consistently accumulated more coins for almost one year, according to market insight provider Glassnode.

Bitcoin's Road to $1.5 Million: Cathie Wood's Bold 2030 Prediction

Bitcoin's Road to $1.5 Million: Cathie Wood's Bold 2030 Prediction

Ark Invest CEO Cathie Wood predicts Bitcoin to reach $600,000 by 2030, with potential for $1.5 million in a bull market scenario.

$5,000 Emerge as the Largest Open Interest Strike Price for Ethereum Options

$5,000 Emerge as the Largest Open Interest Strike Price for Ethereum Options

Open interest is rising, with $5,000 being the largest strike price for Ethereum options.

Bitcoin Supply on Exchanges Diminishes as BTC Stares at Last Key Support Level Above $30,000

Bitcoin Supply on Exchanges Diminishes as BTC Stares at Last Key Support Level Above $30,000

As Bitcoin (BTC) eyes for a clear direction outside the $30K-40K range, the top cryptocurrency has been leaving crypto exchanges in droves.

Bitcoin Regains Momentum to Breaches $30K

Bitcoin Regains Momentum to Breaches $30K

After nosediving to lows of $26K, a scenario that was last seen in December 2020, Bitcoin (BTC) has gained momentum and breached the psychological price of $30,000.

Bitcoin Pumps to Mid-June Levels following Boris Johnson’s Resignation

Bitcoin Pumps to Mid-June Levels following Boris Johnson’s Resignation

Bitcoin (BTC) hit the $22K level, a scenario last seen in mid-June after Boris Johnson resigned as the UK prime minister.

Arthur Hayes Discusses Crypto Market Turbulence, US Tax Season, Federal Reserve uncertainty and Bitcoin halving

Arthur Hayes Discusses Crypto Market Turbulence, US Tax Season, Federal Reserve uncertainty and Bitcoin halving

Arthur Hayes, in the latest edition of Crypto Trader Digest, provides insights into the recent market volatility and its impact on the crypto industry. He discusses the factors contributing to the market fluctuations, including US tax season, the Bitcoin halving event, and the tapering of quantitative tightening by the Federal Reserve. Hayes also highlights the US Treasury's quarterly refunding announcement and the response of the monetary authorities to the failure of Republic First Bank.

Ethereum Experiences Accumulation Trend as Price Continues Trading Above $3,000

Ethereum Experiences Accumulation Trend as Price Continues Trading Above $3,000

Ethereum has been experiencing notable accumulation based on the mean coin age, illustrating more demand.

Bitcoin’s Supply Ratio on Exchanges Hit a 26-Month Low as BTC Miner Reserves Edge Closer to an ATH

Bitcoin’s Supply Ratio on Exchanges Hit a 26-Month Low as BTC Miner Reserves Edge Closer to an ATH

Bitcoin (BTC) holders continue to show their confidence in the leading cryptocurrency as the supply ratio on exchanges slumped to a 26-month low.

El Salvador Buys the Dip by Adding 100 Bitcoin to its Portfolio

El Salvador Buys the Dip by Adding 100 Bitcoin to its Portfolio

After slipping to lows of $54,000, a scenario not seen in the last six weeks, El Salvador saw this as a perfect opportunity to buy the dip for additional 100 BTCs.

Bitcoin Lightning Network Continues to Gain Steam, Hitting Historic Highs of 3,436 BTC

Bitcoin Lightning Network Continues to Gain Steam, Hitting Historic Highs of 3,436 BTC

After crossing the 3,000 BTC capacity for the first time in October 2021, the Bitcoin Lightning Network does not show signs of slowing down as its upward quest continues.

Bitcoin Futures Market is in a Healthy Contango,Indicating that the Price of Bitcoin will Rise Further

Bitcoin Futures Market is in a Healthy Contango,Indicating that the Price of Bitcoin will Rise Further

The BTC futures market has been scaling the heights based on an uptick in price, which means the market expectations are for higher prices in the future.

Bitcoin Fear & Greed Index Indicates Extreme Fear, Suggesting Considerable Uncertainty in the Market

Bitcoin Fear & Greed Index Indicates Extreme Fear, Suggesting Considerable Uncertainty in the Market

Market analyst Lark Davis believes that FUD (fear, uncertainty & doubt) has engulfed the BTC market based on the fear & greed index.

Bitcoin Experiences Worst Selloff since May as BTC Trades below 200-Day Moving Average

Bitcoin Experiences Worst Selloff since May as BTC Trades below 200-Day Moving Average

Despite holding above the psychological price of $50K over the Christmas weekend, Bitcoin (BTC) experienced significant liquidation that drove the price downwards.

Tether Regains $1 Peg

Tether Regains $1 Peg

Tether (USDT) has regained its 1-to-1 peg with the dollar after briefly dropping to 94.55 cents, its lowest since December 2020.

South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash

South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash

To boost investor protection following the recent collapse of LUNA and TerraUSD (UST) tokens, financial authorities in South Korea have beefed up crypto exchange inspections.

Is Bitcoin Eyeing a Strong Movement amid Hodled Coins Hitting a 5-Year High?

Is Bitcoin Eyeing a Strong Movement amid Hodled Coins Hitting a 5-Year High?

Bitcoin might be geared toward a strong movement based on declining historic volatility.

Fed’s Interest Rate Hikes Attributed to Primary Catalyst of Crypto Bear Market

Fed’s Interest Rate Hikes Attributed to Primary Catalyst of Crypto Bear Market

The decision by the federal reserve (Fed) to continuously hike interest rates to tame runaway inflation has been detrimental to the crypto market as bears continue to bite.

Ethereum Miners Revenue Percentage Reaches Monthly Low

Ethereum Miners Revenue Percentage Reaches Monthly Low

The percentage of miner revenue from fees on the ETH network reached a monthly low of 36.145%.

Ethereum Adoption Continues to Scale Heights

Ethereum Adoption Continues to Scale Heights

More participants continue joining the Ethereum bandwagon, given that addresses holding 0.1 to 1 ETH hit record highs.

Bitcoin Slips to $34.5K, Are Short-Term Holders Behind the Selling Pressure?

Bitcoin Slips to $34.5K, Are Short-Term Holders Behind the Selling Pressure?

Bitcoin has been downtrending since May 5, and liquidation in the market continues over the weekend.

DeFi Token Price Analysis: COMP, SNX, and UNI

DeFi Token Price Analysis: COMP, SNX, and UNI

This week in crypto, a DeFi Token Price analysis of COMP, SNX and UNI taking into account the prediction of technical indicators and the overall crypto market.

PrimeXBT Analysis: Bitcoin Hash Rate Sets New ATH, Fundamentals Scream Buy The Dip

PrimeXBT Analysis: Bitcoin Hash Rate Sets New ATH, Fundamentals Scream Buy The Dip

In stocks, company profit margins and operating expenses are top priorities in fundamental analysis. Fundamental analysis in forex currencies could involve looking at each nation's GDP or country's political health. Commodity fundamental analysis looks at supply, demand, and environmental factors.

Bitcoin and the Crypto Market Could Go Down Again—Market Recap and Price Analysis

Bitcoin and the Crypto Market Could Go Down Again—Market Recap and Price Analysis

Both the stock and crypto market could go down, the bitcoin price appears ready to drop.

Cardano(ADA) Price Analysis – Feb 19,2021

Cardano(ADA) Price Analysis – Feb 19,2021

How is Cardano (ADA) performing on the market this week?

Polkadot (DOT) Price Analysis – March 23,2021

Polkadot (DOT) Price Analysis – March 23,2021

The bears occupy the main market, pushing the DOT/USD to the support line below the triangle line. What does this mean?

Uniswap Price Analysis - March 5,2021

Uniswap Price Analysis - March 5,2021

From the 4h candlestick chart of Uniswap(UNI), an inverse hammer pattern with a long upper shadow line was formed and UNI touched $31.56 temporarily. What is to be expected of UNI in the upcoming days?

Cardano(ADA) Price Analysis – March 25,2021

Cardano(ADA) Price Analysis – March 25,2021

With the fall of Bitcoin, Cardano (ADA), as the fifth-largest cryptocurrency with a market cap of $35,514,244,744, has also undergone a retracement.

Polkadot (DOT) Price Analysis – March 16,2021

Polkadot (DOT) Price Analysis – March 16,2021

Polkadot (DOT) is currently the sixth-leading cryptocurrency with a market cap of around $31,766,980,598 and trading at $34.37 at the time of writing.

Litecoin (LTC) Price Analysis: January 19, 2021

Litecoin (LTC) Price Analysis: January 19, 2021

This piece analyzes Litecoin's price in the current market realities and inflows by retail institutional and retail investors.

Ethereum (ETH) Price Analysis - March 25, 2021

Ethereum (ETH) Price Analysis - March 25, 2021

Stratis, a company based in London that provides blockchain-as-a-service (BaaS) to eliminate the complexities associated with launching a decentralized chain, announced that it was now interoperable with Ethereum. Meanwhile, how is Ether performing on the market?

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