Derivatives traders have become noticeably more conservative this month compared to last, new data shows. Bitcoin (BTC) futures are starting to see record discounts as sentiment among derivatives traders worsens. In its latest dedicated report issued Aug. 23, analysis firm Arcane Research painted a worrying picture of morale among BTC futures participants. Futures basis revisits…
Read more
With a cryptocurrency ownership rate of 10%, or four million people, South Africa “ranks 18th out of 26 countries for crypto adoption,” the latest Finder’s report has said. The report also noted that South Africa’s proportion of crypto owners holding bitcoin, 52%, is the third highest out of 26 countries. Just Over Half Own BTC…
Read more
Bitcoin price formed a base above the USD 21,000 zone. BTC started a recovery wave and climbed above the USD 21,500 zone. It is currently (04:00 UTC) consolidating and facing a strong resistance near the USD 22,000 zone. Similarly, most major altcoins are struggling to gain bullish momentum. ETH spiked higher but struggled near the…
Read more
Ethereum was back above $1,700 in Thursday’s session, as the date for the long-awaited “Merge” was finally confirmed. A blog post from the Ethereum Foundation stated that the event will begin on September 6, and be completed between September 10 and 20. Bitcoin also moved marginally higher, as it continued to approach $22,000. Bitcoin Bitcoin…
Read more
Bitcoin price remained supported above the USD 21,000 zone. BTC started a recovery wave and climbed above the USD 21,500 zone. It is currently (04:00 UTC) showing a few positive signs and might rise towards the USD 22,000 level. Similarly, most major altcoins are slowly moving higher. ETH was able to clear the USD 1,650…
Read more
Ethereum moved closer to $1,700 in today’s session, as prices continued to rebound following recent losses. Bitcoin was largely unchanged from Tuesday’s session, as the world’s largest cryptocurrency was once again trading above $21,000. As of writing, the global crypto market cap is trading 0.43% higher. Bitcoin Bitcoin (BTC) continued to trade above $21,000 during…
Read more
Bitcoin price consolidated above the USD 21,000 support zone. BTC is still struggling to gain pace above the USD 21,650 resistance. It is currently (11:20 UTC) showing a few positive signs and might start a recovery wave towards USD 22,000. Similarly, most major altcoins are facing important hurdles. ETH is facing a major resistance near…
Read more
Bitcoin price remained in a range above the USD 21,000 support zone. BTC made a few attempts to clear the USD 21,650 resistance but failed. It is currently (04:00 UTC) trading in a range and might soon make the next move. Similarly, most major altcoins are struggling to start a recovery wave. ETH is facing…
Read more
Crypto markets were back in the green on Tuesday, as bearish pressure marginally eased during today’s session. Ethereum rallied back above $1,600 earlier in the day, less than 24 hours after nearing a breakout below $1,500. Bitcoin was also higher, moving past the $21,000 level. Bitcoin Bitcoin (BTC) prices were trading marginally higher on Tuesday,…
Read more
Bitcoin price started an upside correction above the USD 21,200 resistance zone. BTC is currently (11:20 UTC) facing resistance near USD 21,500 and USD 21,650. A clear move above USD 21,650 might start a steady increase. Similarly, most major altcoins are facing important hurdles. ETH is struggling to clear USD 1,650. XRP is facing hurdles…
Read more
