Bitcoin and a few altcoins appear to be strengthening and flashing some strong buying opportunities. Though most major cryptocurrencies have broken below their support levels during the most recent fall, Bitcoin, which is inarguably the leader, has held its ground. This is a positive sign as it shows that the stronger hands are not panicking.…
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Bitcoin’s bounce off the $6.4K support is a positive sign as it shows that stronger hands are not dumping their positions yet. The crypto markets are currently held tight in the grasp of the bears. At the moment, there does not seem to be any specific news or event that has triggered the strong decline…
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Is the current dip the final buying opportunity before halving boosts Bitcoin price? Bitcoin’s market dominance has been holding above 65% mark since late July of this year. This shows that Bitcoin continues to garner the maximum interest from the market participants. There were periods in the past few months when it looked like an…
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Only two of the top five performers have closed in the green in the past seven days, which shows that the sentiment is currently negative. Tom Jessop, the president of Fidelity Digital Assets, said that the absence of a long track record is one of the main reasons that is keeping the institutional investors at…
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Data shows that whales and institutional investors accumulated Bitcoin throughout its 2-year long bearish phase, should retail investors follow? Data from CoinMetrics shows that crypto whales now hold 42.1% of Bitcoin’s current supply. This is a slight increase compared to 37.9% two years back and analysts have interpreted the increase as a positive sign, as…
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Several altcoins are on the verge of resuming their downtrend. What are the critical levels to watch out for going into mid-December? Paris-based asset management firm Napoleon AM has announced the launch of a specialized professional fund under French law, the Napoleon Bitcoin Fund. The fund would replicate the price of the cash-settled Bitcoin futures…
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Hardware wallet manufacturer Ledger announced the latest version of its Ledger Live application, adding support for Tezos and Tezos staking. Hardware wallet manufacturer Ledger has announced the latest version of its Ledger Live application, adding support for Tezos (XTZ) and Tezos staking. Unveiled last year, Ledger Live is a software solution that allows Ledger hardware…
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Traders are watching the XTZ/BTC pair as Tezos price action cools off after a volatile multi-week rally led to a 100% gain. Lately, Bitcoin (BTC) price has been trading in a range that favors bears and this has led traders to shift their focus to altcoins. Interestingly, there has also been some very volatile price…
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After a lengthy period of consolidation, many cryptocurrencies appear to be setting up for a large move within the next few days. China could start its pilot for the central bank digital currency (CBDC) before the end of this year, according to local news outlet Caijing. The article states that the anticipated pilot project “will…
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Can the approaching holiday season boost Bitcoin and crypto prices? Let’s analyze the charts of the top performers of the past seven days. The New York Digital Investment Group LLC (NYDIG) has received approval from the United States Securities and Exchange Commission (SEC) to offer its shares to institutional investors, including registered investment advisers, their…
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