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Ethereum price drops to a 7-month low as data points to more downside
13.10.2023
Eth price is at risk of trading below a key price support and multiple data point point to a bearish outlook for the altcoin’s price
Bitcoin, Ethereum Technical Analysis: BTC, ETH Plunge, as Profit Takers Swoop In
3.10.2023
Bitcoin retreated from a multi-week high on Tuesday, after cryptocurrencies entered overbought territories. Traders have seemingly opted to capture recent profits, ahead of key data points later this week. Ethereum slipped below $1,700. Bitcoin Bitcoin (BTC) edged below the $28,000 level during...
Bitcoin, Ethereum Technical Analysis: ETH Below $1,600 Ahead of Key US Economic Releases
11.9.2023
Ethereum has started the week below $1,600, as markets appeared to be awaiting the release of several key data points from the United States. After a quiet week, the coming days will see the latest inflation, retail sales, and consumer sentiment figures released. Bitcoin remained lower on Monday....
Bitcoin options data points to an interesting outcome after this week’s $1.9B expiry
24.8.2023
A flurry of macro and crypto specific factors are expected to impact his week’s $1.9 billion Bitcoin options expiry
Bitcoin mining stocks outperform BTC in 2023, but on-chain data points to a potential stall
6.7.2023
Bitcoin mining stocks have been on a triple-digit-tear in 2023, but an uptick in BTC sent to exchanges hints at waning momentum
Binance CEO CZ responds as data points to billions in exchange outflows
12.6.2023
Data analytics platforms have reported billions of dollars in outflows from Binance over the last week, but this can be misinterpreted, argues Changpeng Zhao
Bitcoin price falls to a multi-month low, but data points to a possible short-term bounce
10.3.2023
BTC and altcoin prices succumbed to this week’s negative newsflow, but sentiment analysis and on-chain data point to the possibility of a short-term bounce
Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K
23.1.2023
Bitcoin price continues to press higher this week as demand for stablecoins and a key BTC price metric suggests bulls have a “healthy appetite.”
Macroeconomic data points toward intensifying pain for crypto investors in 2023
6.1.2023
Chances of a crypto bull market in 2023 decrease as the Fed maintains a hawkish stance and threats of a recession in the U.S. economy continue to appear
Bitcoin’s bear market is far from over, but data points to improving investor sentiment
12.12.2022
Crypto investor sentiment saw a slight upswing, but the potential of a deep liquidity crisis in the sector could keep investors at bay
Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%
10.10.2022
While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from smart contract platform tokens and decentralized finance (defi) protocols. One sector of the defi ecosystem that’s recorded...
Report: On-chain data points to crypto consolidation in Q3
6.10.2022
The latest quarterly report from DappRadar highlights a period of consolidation across the cryptocurrency ecosystem following a turbulent Q2
Data Shows Bitcoin’s Hashrate Has Grown by More Than 4 Quadrillion Percent Since 2009
3.10.2022
Following the network difficulty change six days ago on September 27, Bitcoin’s hashrate surpassed the 295 exahash per second (EH/s) range two times during the first two days of October. Presently the network is coasting along at 229 EH/s and block intervals have been faster than...
Michael Saylor Publishes Open Letter Discussing the ‘Sheer Volume of Misinformation’ Tied to Bitcoin
16.9.2022
The Microstrategy executive Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 bitcoin during the last few years. Six days ago, the U.S. Office of Science and Technology Policy published a report that claims proof-of-work mining operations have been affecting...
Bitcoin Mining Threatens America’s Climate Change Efforts, White House Science and Tech Department Says
8.9.2022
The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining. The federal government’s entity recommends...
Despite the White House Debate, Critics Insist US Officially in a Recession After 2 Consecutive Quarters of Negative GDP Growth
28.7.2022
The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession. America’s Q2...
Bitcoin price hits $24K, but analysts say on-chain data points to an ‘inevitable’ pullback
20.7.2022
The crypto market rally continues, but analysts are on the fence about whether BTC and ETH will slip back into range or push closer to higher-timeframe resistance levels
Data points to a Bitcoin bottom, but one metric warns of a final drop to $14K
18.7.2022
The bear market is far from over, but according to Glassnode, several metrics suggest that Bitcoin capitulation already occurred
Avalanche (AVAX) price drops 45% in a month and data points to further downside
21.6.2022
AVAX is testing support at $14.80 and the network’s DApp use is underperforming its competitors, suggesting that the easiest path forward is down
Further downside is expected, but multiple data points suggest Bitcoin is undervalued
16.6.2022
Traders are taking a hands-off approach to BTC, but a number of price metrics suggest Bitcoin is undervalued even though further downside is expected