Category: Analysis

Analysts say $46,500 is the key level for Bitcoin to flip to support

August 16, 2021

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The double-digit rallies seen from many altcoins shows traders are becoming increasingly bullish with the passing of each day, but maintaining this momentum will to some extent depend on Bitcoin’s (BTC) short-term price action. Data from Cointelegraph Markets Pro and TradingView shows that after touching the $48,000 price level during the early morning trading hours […]

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Wen Dogecoin moon? On-chain data and trading volumes suggest soon

August 16, 2021

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The cryptocurrency market has had a wild ride thus far in 2021 as multiple sub-sectors including decentralized finance (DeFi), nonfungible tokens (NFTs), memecoins and layer-two solutions have seen their total value locked and token prices skyrocket to new highs.  One of the biggest success stories of the year was Dogecoin (DOGE), a simple “joke” cryptocurrency […]

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NFT art galleries: Future of digital artwork or another crypto fad?

June 20, 2021

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As nonfungible token (NFT) art continues to develop as an industry, a new trend is quickly emerging: physical NFT galleries featuring digital, nonfungible pieces of unique artwork. Most recently, the largest Bitcoin (BTC) event in history — the Bitcoin 2021 conference — featured a peer-to-peer pop-up NFT art gallery with artwork from over 30 different […]

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Bitcoin rejects near $37.5K, on-chain data shows capitulation from short-term holders

May 31, 2021

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On-chain data shows short-term Bitcoin holders continue to capitulate while long-term investors have been buying the dip in anticipation of the market moving higher. 33711 Total views 8 Total shares Bitcoin started the week off with an abrupt bullish breakout to $37,500, a level some analysts have identified as a crucial ‘line in the sand’, […]

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Analyst says reclaiming $37,500 is Bitcoin’s crucial ‘line in the sand’

May 29, 2021

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According to analysts from Decentrader, Bitcoin needs to quickly reclaim the $37,500 level and ETH needs to hold $2,300 as support to avoid bull-market-ending price action. 35999 Total views 11 Total shares Bitcoin (BTC) price continues to limp lower as traders in the U.S. hit the BBQ to enjoy the upcoming Memorial Day holiday on […]

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Coinbase to acquire Skew crypto data analytics platform

April 30, 2021

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Some of Skew’s institutional clients include One River Asset Management and Susquehanna International Group. 7793 Total views 21 Total shares United States cryptocurrency giant Coinbase is acquiring institutional-grade blockchain data analytics platform Skew. Greg Tusar, vice president of institutional products at Coinbase, announced the news Friday, stating that the new acquisition will help customers make […]

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The major Ethereum support area is $1,800 but weaker than Bitcoin‘s — Analyst

April 9, 2021

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The price of Ether (ETH) is hovering near its all-time high once again, while Bitcoin (BTC) is still far from surpassing its record high at $60,805. But despite ETH demonstrating strong technical momentum and entering price discovery, on-chain analysis finds that its support is “narrower” than Bitcoin’s. Simply put, ETH faces a bigger risk of […]

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Global search volume for Bitcoin appears higher than in 2017

November 20, 2020

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Monthly global searches for Bitcoin are reportedly 350% higher than in late 2017. 4857 Total views 36 Total shares According to data collected by Brad Michelson, a senior marketing manager at major trading and investment platform eToro, monthly global volume for Bitcoin searches in the December 2017 bull run was lower than in November 2020. […]

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