Ethereum price corrected 13% but derivatives data still support a $500 Ether price. Today’s Ether (ETH) 10% dump caused its annualized futures basis to adjust after flirting with extremely optimistic territory. The basis indicator compares futures contracts price to the current level at regular spot exchanges. Healthy markets usually display a 5% to 15% annualized […]
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If the bearish patterns on Bitcoin and altcoins complete the current correction could see prices drop to new lows. The U.S. stock market continues to hit new all-time highs while gold, which acts as a safe haven asset has retreated from it’s all-time highs. This suggests that there sentiment is to own risky assets. Meanwhile, […]
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Performance remains on track, the stock-to-flow model shows, as creator PlanB tells investors, “patience is a virtue.” Bitcoin (BTC) is charting its way directly between the previous two block subsidy halvings that sent its price an order of magnitude higher. In a tweet on Sept. 2, PlanB, creator of the stock-to-flow (S2F) BTC price models, […]
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An uptick in the USD currency index produces an instant plunge for BTC/USD, with the largest cryptocurrency sinking 5% on the day. Bitcoin (BTC) fell 5% to retest $11,000 on Sept. 2 as fresh strength in the U.S. dollar currency index appeared to spell trouble. Cryptocurrency market daily snapshot, Sept. 2. Source: Coin360 BTC/USD sees […]
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Rampant inflation of the dollar’s M2 money supply is only enriching the “cantillionaires,” Max Keiser argues as its velocity hits record lows. There are more United States dollars than ever, but the rate at which they move around the economy has never been so low. That was according to the Federal Reserve’s own statistics on […]
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Research into Sushi’s wallets reveal the admin holds the keys to $27 million worth of tokens. Analysis of hot DeFi protocol SushiSwap’s smart contracts has revealed that as much as $27 million worth of the native token is in an admin wallet that could be dumped without warning. Data analyst and partner at Cinneamhain Ventures, […]
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Bitcoin price hit $12,000 again and traders are turning bullish as BTC attempts to turn the key level to support. The price of Bitcoin (BTC) has hit $12,000 again and traders are becoming more optimistic that the digital asset will hold the key level this time. So far, in 2020, BTC has topped the $12K […]
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The price of Ether hits a 19-month high against Bitcoin as user activity on Ethereum spikes to multi-year highs. As the price of Ethereum’s Ether (ETH) surpassed $450, a huge buy wall on the major cryptocurrency exchange Bitfinex emerged. Shortly thereafter, ETH achieved $270, a 19-month high against Bitcoin (BTC). The price of Ether against […]
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But XRP isn’t competing with Tether. Tether (UDST), the world’s largest stablecoin by market capitalization, is again outperforming major altcoin XRP. On Sept. 1, Tether surpassed XRP as the third-largest cryptocurrency by market cap, becoming the second-largest altcoin after Ether (ETH). As of press time, USDT market cap accounts for more than $13.4 billion, according […]
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Bitcoin and altcoins have bounced off their range lows, but they are likely to encounter resistance at higher levels. The U.S. stock market is on track to clock its best August performance since 1984. Meanwhile, Bitcoin (BTC) is attempting a positive close for the month after having declined consecutively in August 2018 and August 2019. However, […]
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