[ad_1] A crypto analyst has pointed out a notable divergence in the performance of Bitcoin (BTC) and Ethereum (ETH). The analyst has noted signs of weakness in Ethereum compared to Bitcoin, predicting that BTC is likely to experience a faster recovery than ETH. Technical Analysis Highlights BTC’s Strong Recovery In an X (formerly Twitter) post […]
[ad_1] Market analyst and trader Henrik Zerberg predicts a blow-off top in US markets for cryptocurrency and stock sectors. This prediction comes after the market-wide crash on Monday, which saw over $1 billion in crypto positions liquidated. The crypto industry is recording a shift in sentiment, with Bitcoin up 8%, holding well above $55,000, and […]
[ad_1] Global asset markets went risk-off in a brisk tumble the first week in August. Fears of a U.S. recession put an end to Wall Street’s 23-month, high-flying stock rally. The U.S. “Magnificent Seven” stocks lost a trillion dollars in value in mere days, with Nvidia and Apple leading the bleeding. The Tokyo Stock Exchange’s […]
[ad_1] Polymarket is recording heightened activity as traders display increasing interest in prevailing market conditions. Participants are betting thousands of dollars in a bold attempt to predict the market. While the platform’s impartiality has been questioned, especially regarding showing market sentiment, its role in driving crypto adoption cannot be ignored. Polymarket Traders Bet Big According to […]
[ad_1] Bitcoin’s 24-hour bloodbath has reduced the number of its investors in profit. According to data from blockchain analytics platform IntoTheBlock, the percentage of BTC holders in the green has crashed from 93% in late July to 75% at the time of writing. The significant decline in BTC profitable holders comes as the leading cryptocurrency […]
[ad_1] Indeed, the Bitcoin price performance has been one of the high points in the crypto landscape in recent weeks. However, the premier cryptocurrency has not exactly made a dreamy start to the new month, sparking conversations about the coin’s history in August. Interestingly, a blockchain firm has indicated that it might not be all […]
[ad_1] Bitcoin Layer-2 (L2) solutions have recently garnered significant attention within the crypto community. However, a new report highlights potential challenges regarding their long-term viability. Layer-2 solutions aim to enhance the Bitcoin blockchain’s scalability and speed by processing transactions off the main chain. Despite their promise, these solutions might encounter issues related to high data […]
[ad_1] Bitcoin (BTC) could be seeing less selling pressure from miners in the near term due to an increase in the profitability of this cohort of market participants and the recovery of their hashrate following the cryptocurrency’s rally to the $69,000 range. According to a CryptoQuant report, the Bitcoin network hashrate recovered while BTC had […]
[ad_1] Defunct Japanese-based Bitcoin exchange, Mt. Gox, has executed another massive BTC transfer, moving over $2 billion worth of BTC to crypto wallet addresses. The exchange’s repayment plan is nearing its end, experiencing a significant reduction in its previously substantial distribution funds. Mt. Gox Moves Over 33,000 BTC In a recent X (formerly Twitter) post, AI-powered blockchain […]
[ad_1] Both crypto whales and the business intelligence giant MicroStrategy have heavily invested in Bitcoin, leveraging the recent drop in its price. Combined, their investments exceed $302 million, indicating a strong bullish outlook despite market volatility. Crypto Whales Buy the Bitcoin Dip MicroStrategy enhanced its Bitcoin portfolio by adding 169 BTC worth $11.4 million in […]
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