Market Analysis

Bitcoin (BTC) is in a “transition,” which should pave the way to the next bull market top, new research has concluded. In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode unveiled its latest tool for tracking Bitcoin’s resurgence. Bitcoin hodlers in “transition” After the 2022 bear market and signs of

Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close. Analyst: Bitcoin reaching “crucial area” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to lose momentum after local highs near $28,500. As early-week excitement faded, traders and analysts warned that now was a make-or-break point for the

Bitcoin (BTC) fell into the May 30 Wall Street open as the return of United States equities failed to boost performance. Bitcoin pauses into monthly close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading to $27,700, having briefly spiked above the $28,000 mark. The pair encountered resistance below its local highs from around

Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher. The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows. With volatility back in play, traders nonetheless remain conflicted — can short-timeframe strength

Bitcoin (BTC) traded near $28,000 on May 28, with traders still wary of a full correction of weekend upside. BTC shorts increase as $28,000 slips Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility after a last-minute surprise saw action around the weekly close. With United States markets closed for the Memorial Day

Bitcoin shrugs off new U.S. inflation woes Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $27,000 on Bitstamp. The pair rose unexpectedly after the day’s Personal Consumption Expenditures (PCE) data showed its first rises since October 2022. Such a reading should present a headwind for risk assets, including crypto, as it implies that

Bitcoin (BTC) is at 10-week lows, but one longtime analyst is telling investors to ignore the “panic.” In a Twitter update on May 25, Philip Swift, creator of data resource LookIntoBitcoin and co-founder of trading suite DecenTrader, eyed a BTC price breakout still in progress. Swift: “Bitcoin performing well and as expected” Bitcoin has not

Driven by heightened demand for Bitcoin (BTC) block space, fueled by Ordinals inscriptions and the PEPE-fueled BRC-20 memecoin mania, miners have become direct beneficiaries of a sudden boom in transaction fees, increasing their bottom lines. This surge has resulted in an unprecedented increase in the average number of transactions, and consequently revenue per BTC block

Bitcoin (BTC) returned above $26,000 on May 25 after an overnight dip offered a retest of recent lows. BTC price action acts around key 200-week moving average Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting in its range from the day prior, having recovered from flash weakness after the daily candle close. With

Synthetix weekly trading volumes surpassed $1 billion, overtaking decentralized derivatives exchange GMX to become the second-most active platform. The trading volume data from Token Terminal shows that Synthetix did more than twice the trading of GMX in the seven-day period starting May 17, thanks to Optimism (OP) token incentives for perpetual swap traders. The Synthetix

Bitcoin stayed motionless after the May 22 Wall Street open amid suggestions that United States interest rates may keep rising. Bitcoin analyst eyes “capitulation by time” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the range immediately below $27,000. Despite some brief volatility for stocks, Bitcoin (BTC) remained firmly trapped in a range that it

Bitcoin’s price has stabilized near $27,000 since May 13, displaying reduced volatility in the period. This movement is eerily similar to early April, when Bitcoin’s (BTC) 12-hour chart ranged between $27,800 and $28,700 for 11 days. Traders are now questioning whether a bullish breakout is the next possible outcome for the Bitcoin price. According to technical analysis,

Bitcoin (BTC) price has consolidated within a tight range as hodlers remain hardened and new liquidity is not arriving.  While Bitcoin is typically a highly volatile asset, weekly consolidation around a slight 3.4% price range has many analysts feeling that BTC price is stuck. Others are anticipating an uptick in volatility. While the lack of

Earlier in May, the market capitalization of Pepecoin (PEPE) — a cryptocurrency inspired by the popular internet meme Pepe the Frog — had soared to $1.8 billion. Two weeks later, the PEPE market cap has come crashing down to roughly $665 million, a 65% decline. Let’s look at the reasons why.  Pepe mania winners dump PEPE whales appear

Bitcoin (BTC) has crossed a significant threshold this month — and while it does not involve price, it does involve “millions.” Data from on-chain analytics firm Glassnode confirms that as of May 18, there are over one million addresses which hold at least 1 BTC. Back: Adoption trend lays path to “hyperbitcoinization” It was a

Bitcoin has been trying to break above the $27,500 resistance for the past week but to no avail. One of the reasons limiting Bitcoin’s (BTC) upside is the risk of an eventual United States default as the government struggles to get the debt limit increase approved in Congress.  Still, some analysts and investors argue that the U.S.