Ethereum Sits Comfortably About $4K, What’s Truly Fueling The Rally?
Ethereum unstoppable rally keeps on ranging towards uncharted territory. The cryptocurrency has been on seamlessly never-ending price discovery in 2021. The outlook is bullish and any prediction, at the moment, seems conservative. At the time of writing, ETH trades at $4,162 with a 9.3% in the daily chart. In the weekly and monthly chart, ETH […]
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The price of Bitcoin has rallied to a new all-time high above $48,500 merely hours after it saw a large dip to around $43,800. Bitcoin rose by 11.2% in the last 21 hours, posting a strong V-shape recovery in a short period. What’s fueling the Bitcoin rally? There are three key factors behind the rally […]
Bitcoin sits comfortably north of $40,000 after a rally propelled it beyond this key resistance mark. The first cryptocurrency by market cap even managed to break above $42,000, in its most solid attempt to reclaim new highs since May’s crash. The bullish momentum has held for the past week, BTC’s price records a 24% profit […]
Ethereum is on the move again. After spending months consolidating, $ETH has powered back above $2,7K and is flashing signs of serious strength. Analysts believe Ethereum is ‘coiling,’ like a spring building tension before a major breakout. All eyes are now on the $3K level – a major psychological and technical barrier. What’s fueling this […]
While Bitcoin (BTC) and Ethereum (ETH) stumbled in the latest market downturn, Cardano (ADA) has emerged as a standout performer. Related Reading: What’s Next For XRP After Crashing Below $3? Analyst Answers Over the past week, ADA has surged 20%, maintaining strong momentum even as broader market sentiment turned cautious. According to CoinGecko data, ADA is up nearly 175% year-on-year, trading near $0.92 after consistently holding green candles across daily, weekly, and monthly charts. Bitcoin briefly slipped below $115,000, while Ethereum retraced to $4,200 after touching a multi-year....
Crypto analysts are pushing back against the narrative that the current BTC rally is being fuelled by a liquidity crunch afflicting bitcoin mining pools in China. The liquidity crunch, which is caused by an ongoing regulatory crackdown in that country, has reportedly left miners unable to sell their BTC holdings. Miners Are Selling The analysts are instead backing a counter-narrative which points to institutional investor interest as the reason for the current BTC rally. Using data to support their assertions, the analysts suggest that the current bull run, which has different....