Bitcoin bulls pushed BTC price through a key resistance level just a few hours after Ethereum closed above $1,500. On Feb. 2 Ether (ETH) saw its price breakout to a new all-time high at $1,555 as increased activity in the derivatives market provided clear signals that traders were bullish on the long-term prospects of the…
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Lucrative DeFi investing opportunities and increasing participation from institutional investors are driving the amount of Bitcoin and Ethereum held on exchanges to new lows. Recent global developments have put a spotlight on the cryptocurrency sector as people across the world begin to question the decision making process of governments and central banks. Multiple metrics like…
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Google trends reveal a huge spike in “buy crypto” searches, a possible precursor to wider retail adoption. “Buy crypto” searches on Google surged to all-time highs in January, far exceeding the previous peak of early 2018, according to cryptocurrency analytics company The Tie. Relative search interest for the term “Buy Crypto” is at all-time high…
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Data shows 99.5% of the neutral-to-bearish Ether put options will become worthless above $1,360, leaving bulls with a significant advantage for the foreseeable future. After marking a new $1,477 high on Jan. 24, Ether’s (ETH) price was shaken down to $1,206 on Jan. 27. But according to derivatives markets, bulls remain confident that $2,000 is…
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$80K Bitcoin and $3K Ethereum are within US Global Investors CEO Frank Holmes’ volatility range for 2021. He also sees $400K Bitcoin on the cards after the next 3-4 years. Frank Holmes, CEO/CIO of US Global Investors, believes Bitcoin and Ethereum could reach $80,000 and $3,000 respectively in 2021. He also sees the possibility of…
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A handful of DeFi tokens saw strong rallies even as bears continue to pin Bitcoin price below $33,000. Today Bitcoin (BTC) price continued to face selling pressure in the $32,500 to $33,000 resistance cluster and this led to a mild 3% to 5% pull back from most altcoins. Despite the recent revelation that BlackRock, the…
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Substantial spot volume, a favorable futures premium, and top traders buying the dip are all signals that Ethereum price should see continuation. After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22. The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded…
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Ether, the native cryptocurrency of Ethereum, achieves higher highs as momentum continues to strengthen. The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high on Jan. 25. At the same time, technical analysis shows that the ETH/BTC pair is breaking out of its multiyear downtrend, hitting the…
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DeFi tokens moved higher while Bitcoin price struggles to hold $35,000 as support. Bitcoin price is finding soft support at $35,000 after dropping 7.4% in the later hours of Jan. 19. According to Cointelegraph contributor Joseph Young, the correction was primarily the result of an overheated derivatives market and uncertainty over whether BTC can recapture…
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Ether’s ongoing Proof-of-Stake upgrade combined with its DeFi potential and new all-time high could trigger its price above $10,000, according to one analyst. After hitting a new all-time high, the Ether (ETH) price could potentially head to $10,500, according to a strategist at major market research company Fundstrat Global Advisors. Fundstrat’s strategist David Grider commented…
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