In summary: Ethereum’s price had shown signs of weakness as daily active addresses and network growth had started fading Furthermore, exchange wallets exploded to a 6-month high signifying a possible top for ETH Additionally, Ethereum’s correlation...
Mt. Gox’s Nobuashi Kobayashi has issued a new memo for creditors to avail their crypto payments. The creditors have been instructed to register themselves with the Mt. Gox Rehabilitation Claim Filing System and have been advised...
Summary: The team at Deribit has confirmed that Three Arrows Capital is a shareholder at the exchange. Deribit also hinted that its accounts possibly linked to Three Arrows Capital are in debt. However, the team at...
If you’ve been at Crypto Twitter at all, ever, you’ve likely heard of the so-called “Mayer Multiple.” The Mayer Multiple, for those unaware, is a multiple often used in the Bitcoin market created by prominent BTC...
Over the past few days, Bitcoin (BTC) has found itself in a lull, consolidating above the key $9,000 price point after a monumental surge last Friday and Saturday. Despite this price action — or lack thereof,...
Friday was a brutal day for the cryptocurrency market. Just look to Bitcoin (BTC), which tumbled under $7,000 for the first time in over five months on the day, incurring a 20% weekly loss. Though, there...
Bitcoin as Digital Gold Over the past 18 months, the “Bitcoin is digital gold” narrative has gained a lot of steam across investment communities. From traditional market investors and macroeconomic analysts to cryptocurrency pundits and libertarians,...
Fidelity Rolls Out Crypto Services On Friday, the Financial Times quietly dropped a very important interview — one with Abigail Johnson of Fidelity Investments. Speaking to the outlet, Johnson revealed that Fidelity’s digital asset branch, FDAS,...
Bitcoin Price to Fall Due to Triangle? Over the past few weeks, traders have come to the realization that Bitcoin (BTC) is trading in a clear “descending triangle” pattern. For those unaware, a descending triangle is...
Over the past day, Bitcoin bulls have finally been afforded some reprieve, with BTC pushing from a weekly low of $6,600 to $7,400 in a massive 10%+ upswing. As this reprieve comes after nearly a week...
After an extended period of trading sideways around $8,700, Bitcoin incurred a massive influx of selling pressure that sent it reeling to its next support level at $8,400, which has held strong so far in the...
BTC Won’t Hit $1 Million Anytime Soon, Unfortunately Late last year, John McAfee, a cybersecurity guru turned crypto proponent, said in an interview that he expected for Bitcoin (BTC) to surmount $2,000,000 by the end of...