Market Analysis

Dogecoin (DOGE) may need a new marketing strategy after the latest publicity stunt from Elon Musk moved its price by less than 8%. In a tweet on July 8, “Dogefather” Musk argued that Dogecoin could do a better job at payments than Bitcoin (BTC) or Ethereum (ETH). Musk: BTC, ETH “slow” with high fees The

The Ethereum network will undergo a major upgrade on Aug. 4, as the long-awaited London hard fork is expected to launch at block 12,965,000. The transition is part of a roadmap leading to the Ethereum 2.0 release, which aims to migrate the network to a proof-of-stake consensus mechanism. By no longer depending on the intense

Bitcoin (BTC) will not move much after Grayscale’s giant 16,000 BTC unlocking date after all, says crypto trading firm QCP Capital.  In its latest market update released on July 8, analysts downplayed the popular theory that GBTC will cause BTC price volatility in the coming weeks. No “significant impact” expected from GBTC As Cointelegraph reported,

This year’s 500% accumulated gain took Ether’s (ETH) price to a $4,380 all-time high on May 12, and this rally was even more robust than the late-2017 move. The famous bull market, or bubble, depending on how you see it, took Ether’s price on a 390% rally from $290 in November 2017 to $1,420 in

Bitcoin (BTC) miner revenue jumped after the network saw its biggest-ever difficulty drop, data shows.  According to figures from monitoring resource Blockchain, daily revenues have surged by over 50%. “Interesting dynamic” hits Bitcoin mining Bitcoin mining is currently in a unique state of flux — around half the hashing power is offline as miners relocate

Bitcoin (BTC) topping out at $64,500 would mean that this bull market is unlike any other in history, one commentator argues. In a tweet on Tuesday, Alex Saunders, founder and CEO of Nuggets News, used a classic Wall Street paradigm to suggest that BTC’s price is far from its macro top. No Bitcoin bull run

Aave hovered near its three-week high on Tuesday, helped by the prospects of its foray into the mainstream through the launch of an institutional lending platform. Fundamentals Dubbed as Aave Pro, the platform expects to become a “permissioned liquidity protocol” by offering institutions, corporates, and fintech clients access to decentralized finance (DeFi). That said, it would

Bitcoin (BTC) starts a new week in familiar territory after a weekend of solid gains ended in a drawdown — what’s in store? With another rally to near $36,000 under its belt, the largest cryptocurrency is showing signs of strength, but old resistance levels remain in place. The conditions are complex — the ongoing miner

Bitcoin (BTC) needs to stay above $29,000 to preserve the bullish case in the short term, famous trader Peter Brandt has warned. In a tweet on July 1, Brandt, well known for his shrewd BTC price calls in recent years, warned that the onus was on bulls to show Bitcoin’s strength. Brandt: Bitcoin daily performance

A recent run-down in the Bitcoin (BTC) market faces the prospects of exhaustion before confirming a full-fledged bearish breakdown, so reflects a classic momentum-based oscillator. RSI forming higher lows Dubbed as Relative Strength Index, or RSI, the indicator measures the speed as well as change of directional price movements. It operates within a set range

The Wyckoff Accumulation technical chart pattern has become the latest trending topic when anticipating where the price of Bitcoin (BTC) may go next. Some analysts have said that BTC’s recent dip below $29,000 signaled the “Spring” phase, which will soon be followed by a climb higher.  While the bulls make the case for the continuation

Bitcoin (BTC) retained a key support area on July 2 as bidders stepped in to avert another test of $30,000. Bitcoin: “Leg down” vs. “big nuke” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bottomed out at local lows of $32,700 overnight. A subsequent rebound took the pair almost $1,000 higher before settling at around

Bitcoin (BTC) has been ranging from $30,400 to 36,400 for the last 12 days, and it has been difficult to pinpoint the exact reason for investors’ lack of appetite. Some analysts have pointed to the Grayscale Bitcoin Trust (GBTC) unlocking in mid-July finally giving institutional investors a chance to offload their funds, but this is not likely

Bitcoin (BTC) closed its third red monthly candle in a row this week as a popular analyst likened BTC price action to January 2019. In a tweet on July 1, PlanB said that BTC/USD is now the furthest away from his stock-to-flow model’s estimates in over two years. Stock-to-flow “make or break” After May’s huge

Gold is set to outperform Bitcoin (BTC) in the second quarter of 2021. An ounce of gold has surged from  $1,707.45 on April 1 to over $1,750 in the still-running June 30 session. That marked a roughly 3.9% jump over the quarter. Meanwhile, Bitcoin has plunged by more than 40% to below $35,000 after topping

Bitcoin (BTC) miners are “unlikely” to pressure BTC price by selling coins in the coming weeks, new data says. As part of its latest weekly report, The Week On-chain, analytics resource Glassnode sought to allay fears of another large miner sell-off. Difficulty drop a gift to remaining miners Amid the ongoing transfer of mining equipment