Market Analysis

Bitcoin (BTC) investors in Canada have two more outlets for BTC exposure this week — and can now even bet on a price crash. In a press release on April 14, Horizons ETFs Management confirmed that its two new exchange-traded funds (ETFs) would start trading on the Toronto stock exchange Thursday. Horizons: Bitcoin has “polarizing views”

BAL, the native cryptocurrency of Balancer, the popular automated market maker (AMM) utilized by many DeFi users to trade cryptocurrencies, has surged to new record highs above $70 on April 15. There are two key reasons behind the uptrend of BAL, namely the buzz around the Coinbase public listing and the resurgence of DeFi blue chips.

XRP holders couldn’t have asked for a better year as the cryptocurrency rallied almost 800% and flirted with a $2 level in the early hours of April 14.  In addition to achieving its highest level since January 2018, this robust price increase signals that investors are not worried about the ongoing SEC “unregistered securities offering”

Bitcoin (BTC) can surge to $92,000 in the next two weeks and still “only” be matching it past performance, new data claims. In a tweet on April 14, PlanB, the analyst behind the stock-to-flow family of Bitcoin price models, noted that despite this week’s gains, BTC/USD still has plenty of energy in it. PlanB focused

XRP price broke out to a new multi-year high on April 13 as a surge of trading volume in the early morning hours has continued into mid-day.  Data from Cointelegraph Markets and TradingView shows that XRP registered a low of $1.42 on Tuesday before staging a 34% rally to a high of $1.88. The surge

The price of Bitcoin (BTC) reached a new all-time high at $63,478 on April 13 on Binance.  The market sentiment around Bitcoin and Ether (ETH) is overwhelmingly bullish, but the short-term sentiment remains mixed. Analysts use the term “price discovery” when the price of an asset reaches a new all-time high. On April 13, the

For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher prices as they hold on to their Bitcoin. This only adds to the already existing

Bitcoin (BTC) has been struggling to break the $60,000 resistance for almost a month. But despite the impasse, BTC futures markets have never been so bullish. While regular spot exchanges are trading near $59,600, the BTC contracts maturing in June are trading above $65,000. Futures contracts tend to trade at a premium, mainly on neutral-to-bullish

2021 has been an impressive year for Binance Coin (BNB), which so far has rallied by more than 900%.  One of the primary drivers of BNB’s growth was continued congestion on the Ethereum network. As this struggle carried on, Binance Smart Chain (BSC) emerged as an alternative, meeting the rapidly growing decentralized finance (DeFi) sector’s

The price of Bitcoin (BTC) has surpassed $61,000 on April 10 for the first time in nearly a month. Following the breakout, traders are starting to look at new levels of resistance and support in the short-term as optimism returns to the market. In the near term, besides the all-time high at around $61,800, there

After rallying more than 100% in 2021, Bitcoin (BTC) seems to be struggling to turn the $60,000 level into support. After all, what is so special about this magic round number and its accompanying $1 trillion market capitalization? Gold’s $11 trillion market cap might hold the answer, as Bitcoin’s current trading volume and the amount

XRP price’s journey to $1 this year has been nothing short of spectacular, considering the ongoing Securities and Exchange Commission’s lawsuit against Ripple initiated in December 2020. The regulator alleges that XRP was a $1.3 billion unregistered securities offering and both CEO Brad Garlinghouse and co-founder Christian Larsen are also in the crosshairs. On April 6, Ripple Labs

Nearly half a billion in Tether inflows was recorded on April 8 across major Bitcoin (BTC) exchanges, based on Glassnode’s data. Considering that the inflows, the biggest since mid-March, coincided with a minor Bitcoin pullback, it indicates that buyers could be waiting to step in following BTC’s price drop. Is a broader Bitcoin rally brewing?

Bitcoin (BTC) can undermine the U.S. dollar if the United States does not take a lead role in accepting it, argues Anthony Pompliano. Speaking to CNBC on April 8, the Morgan Creek Digital co-founder followed up on a warning from investor Peter Thiel that China could use Bitcoin to destabilize USD hegemony. Thiel cautions over

The so-called Kimchi premium, which measures the premium of the Bitcoin (BTC) price in South Korea’s cryptocurrency exchange market, plummeted overnight. The premium declined from 22% to 15% within a matter of hours on April 7, and it is continuing to drop across major South Korean exchanges. A big pullback in South Korea’s Bitcoin market

The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months as on-chain data reveals. However, five key indicators are suggesting that major sellers are about to turn into hodlers or even accumulators of Bitcoin again while institutional demand remains high. This is an explosive setup that may