Bitcoin price bounced off the 50-day moving average but the real test is near $57,500 where the bears are likely to push back. Glassnode data shows Bitcoin (BTC) exchange reserves on Coinbase have dropped by about $8 billion. This indicates that institutional investors are locking away their purchases in cold storage for the long term…
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Bitcoin price is still meeting strong sell pressure near a key trendline, indicating the possibility of further downside for BTC and altcoins in the coming days. On March 24, Tesla CEO Elon Musk announced that U.S. buyers are now able to purchase Tesla vehicles with Bitcoin (BTC). Musk also tweeted that Tesla will not convert…
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Bitcoin is stuck in a tight range but that has not stopped select altcoins from continuing their journey to new highs. The Turkish lira lost 15% of its value and dipped close to its all-time low after Turkey’s President Erdogan fired central bank governor Naci Agbal. This resulted in a massive spike in Bitcoin (BTC)…
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Uniswap’s dominance over the Ethereum DEX sector continues to grow, with the exchange representing more than half of the sector’s combined weekly volume. The amount of collateral on decentralized exchanges is nearing a milestone high of $10 billion, with Uniswap still sitting at the top of the heap. Volumes and liquidity on decentralized exchanges have…
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If bulls can propel Bitcoin to a new all-time high, UNI, LUNA, THETA and FIL are likely to outperform their competitors. Bitcoin (BTC) has been facing stiff resistance near the $60,000 level for the past few days. This suggests that market participants are cautious at these levels and a positive trigger may be needed to…
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Several altcoins are moving to new all-time highs as bulls struggle to lift Bitcoin price above $60,000. A report by Deutsche Bank Research said that Bitcoin (BTC) has become “too important to ignore” and may attract regulation by the end of 2021. Deutsche Bank analysts expect Bitcoin to reach a turning point in about “two…
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Bitcoin bulls attempt to chip away at the $60,000 resistance level as rising U.S. Treasury yields continue to cause havoc in global financial markets. Bitcoin (BTC) continued to face strong resistance at the $60,000 level on March 19 as bulls spent the day climbing back from an early morning drop which briefly pushed BTC into…
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Using 1inch’s new aggregator saves gas over using Uniswap or other DEXs directly. The 1inch team has released the third iteration of its Aggregation Protocol, a tool that routes trade orders across all decentralized exchanges on Ethereum and, as of recently, Binance Smart Chain. The Aggregation Protocol calculates the most profitable trade for a given…
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Bitcoin’s rejection at its all-time high and a negative divergence on the RSI suggest that BTC’s bullish momentum could be weakening and altcoins may see profit-booking as a result. The 2017 Bitcoin (BTC) bull run was led by retail traders, long-term crypto believers and Bitcoin whales. However, the tide turned in 2020 as institutional investors…
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Bitcoin bulls are attempting to push BTC price back toward $58,000 but data shows altcoins may be losing their bullish momentum. Bitcoin (BTC) missed hitting a new all-time high on March 11 by just a whisker as Oracle Corporation denied rumors that it had purchased about 72,000 Bitcoin. This suggests that traders could be looking…
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