Market Analysis: Reawakening
If you’re not already following the markets, you may be at first confused of what I mean by “reawakening”. Essentially two of the biggest market movers this week were two coins that seemed to be slipping in market position, then made some serious numbers all of a sudden. These two coins of course are Dogecoin and Blackcoin. Dogecoins sudden increase of price most people chalk up to Dogecoin finally being able to merge mine with Litecoin through auxPow. Essentially shares from a high enough network hashrate also will work with Dogecoin, so now Litecoin miners will be receiving Dogecoin as....
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As altcoins and even Bitcoin take pause, DeFi standout AAVE is a “monster” that is now reawakening and ready for new highs, according to one analyst. Moments after the analyst’s public call, Coinbase Pro revealed that the DeFi token would be listed on the popular trading platform. If a pair of low-timeframe patterns confirm and […]
BTC price action would perform a one-off move if it were to top out at its recent $64,500, Alex Saunders believes. Bitcoin (BTC) topping out at $64,500 would mean that this bull market is unlike any other in history, one commentator argues.In a tweet on Tuesday, Alex Saunders, founder and CEO of Nuggets News, used a classic Wall Street paradigm to suggest that BTC’s price is far from its macro top.No Bitcoin bull run ends in “disbelief”Bitcoin has so far failed to crack resistance even at $40,000, languishing 50% below its recent all-time highs. As fear lingers as the driving force behind....
xbt.social analysis has been biased to a decline below $240 for the past week. Yesterday, Bitcoin price dipped below this important support level twice before retreating again this morning. Following a pullback, it is anticipated that the market will return price to this level - a break below it implying decline to at least $235. Readers are alerted to a new analysis update schedule: starting today, daily Bitcoin price analysis will be published at the start of the day (UTC). Articles will be updated with major market events, during the course of the day, where appropriate. This analysis....
Bitcoin has consolidated in a tight $1,000 range since the start of September, at least until recently. The leading crypto-asset is in the midst of a breakout that has brought it as high as $11,500. As of this article’s writing, Bitcoin trades for $11,350, around 5% above where it was yesterday. Crucial market cycle analysis suggests that the crypto market has room to grow from here. The analysis suggests that within the next three months, […]
Dogecoin’s price explosion coincided with the movement of a lot of coins across the blockchain, as $12 billion moved in a single day. Dogecoin’s (DOGE) dramatic surge up the market capitalization rankings coincided with the reawakening of DOGE whales as the blockchain’s metrics surged to new heights in the past 24 hours. Over $12 billion worth of DOGE was transferred across the blockchain in the past day, according to data from BitInfoCharts. To put that number into context, the Ethereum blockchain processed just $6 billion worth of Ether (ETH) on the same day.Ether is the world’s....