Bitcoin rallied above $40,000 on Friday, however, this was not the biggest mover in crypto markets to end the week. Cryptocurrencies climbed today, following news that over 400,000 jobs were added to the U.S. economy last month. Biggest gainers Bitcoin (BTC) climbed to $40,000, ethereum was fast approaching $3,000, with Solana nearing $110, however, none of […]
Category: Research
Why NFTs Took Over Crypto Trading Volume While Ether Struggled
The NFTs market had one of its best months yet in January with a record trading volume of $6 billion while cryptocurrencies like Bitcoin and Ether plunged dramatically over the investors’ fear of the Federal Reserve (FED) tightening, the NewsBTC writes. The NFT Space Doesn’t Stop Ether had its worst month in 2 years falling […]
Top Crypto Winners and Losers of 2021
As the Cointelegraph announced, not all digital assets have made positive price movements during the 2021 bull run. The year 2021 has undoubtedly been a bull market with Bitcoin (BTC) raising the all-time high price bar several times this year. But not all crypto assets have performed equally. There have been a number of losers […]
5 Cryptocurrency Projects that Made Waves in 2021
UNI, AAVE, CRV, AXS and DOGE are a few of the top cryptocurrency projects in 2021 that helped transform the face of the cryptocurrency ecosystem and paved the way to mass adoption, the Cointelegraph writes. 2021 was a breakout year for the cryptocurrency market in many respects and most investors are absolutely thrilled that Bitcoin […]
Not All Cryptos Are Scarce Like Bitcoin
For many cryptocurrencies and digital assets, scarcity is a key part of their value. But not all scarcity is created equal. Of the ever-growing reasons why bitcoin keeps making national news, its scarcity is one of the most notable. Touted as an inflation hedge by top advisories such as JPMorgan, bitcoin is earning a renewed reputation as “digital gold” while […]
After Bitcoin’s All-Time High, What’s Next?
It took six months for BTC to surpass its all-time high of almost $65,000 reached in April. Now, with the cryptocurrency’s price already pushing toward $67,000, market analysts are setting even more bullish price targets, the CoinDesk reported on October, 20. Bitcoin’s latest rally to an all-time high price of above $66,000 has given rise […]
Bitcoin Faces Hurdles, Why BTC Could Correct In Short-Term
Bitcoin price is facing a strong resistance above $46,500 against the US Dollar. BTC is slowly correcting lower and it might test the $44,500 support zone, the NewsBTC predicts. Bitcoin made a few attempts to settle above $46,000, but it failed. The price is still trading above $45,000 and the 100 hourly simple moving average. […]
3 Reasons Why Ethereum is Unlikely to Flip Bitcoin Any Time Soon
For years analysts have predicted that ETH’s market capitalization will flip BTC’s but data shows it’s still nothing more than a guessing game, the Cointelegraph writes. After a 13% rise in two days, Bitcoin’s (BTC) market capitalization surpassed $800 billion to reach its highest value in 79 days. During the same timeframe, Ether (ETH) accumulated […]
Why Ethereum (ETH) Could Continue To Outperform Bitcoin
Ethereum outperformed bitcoin and rallied above the $2,550 resistance against the US Dollar. ETH price tested $2,700 and it is now correcting gains, the NewsBTC writes. Ethereum rallied towards the $2,700 level before it started a downside correction. The price is still trading above $2,500 and the 100 hourly simple moving average. There is a […]
$60K is Now More Likely for Bitcoin than $20K, Bloomberg’s Senior Strategist Asserts
The analyst also treats the latest crypto ban in China as bullish for Bitcoin and the U.S. dollar. Bitcoin (BTC) has better probability of recovering back to $60,000 than to break below its current support level of $30,000 and target $20,000, believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence. A screenshot from McGlone’s latest analysis on […]