Ethereum, the second biggest cryptocurrency, is seeing some interesting activity in its derivatives market. Basically, people are pulling their ETH out of these exchanges more than they’re putting it in. What Does This Mean? This means there’s less pressure to sell ETH. Why? Because people are holding onto their coins instead of selling them. This…
Ethereum is seeing a resurgence in interest, with new user accounts hitting a four-month high. This could be a good sign for the cryptocurrency’s future price. More People are Joining the Ethereum Network Data from Santiment, a company that tracks blockchain activity, shows a significant increase in new Ethereum wallets. This “Network Growth” metric tracks…
Ethereum has been struggling lately, but things might be looking up. Is the Correction Over? Analyst Alex Clay believes that Ethereum’s recent downturn might be coming to an end. He thinks that if Ethereum can hold above some key technical levels, like the 200-day moving average (MA) and 200-day exponential moving average (EMA), it could…
A big-time crypto investor, nicknamed a “whale” in the crypto world, is facing a potential loss of a whopping $26.47 million worth of Wrapped Bitcoin (WBTC) on the Compound platform. Close Call with Liquidation This whale, identified by their Ethereum address starting with “Oxceef,” narrowly avoided liquidation last Friday when Bitcoin prices plummeted to $52,550….
Binance executive Tigran Gambaryan has been stuck in a Nigerian prison since February, and his health is deteriorating rapidly. Gambaryan was arrested alongside a colleague, Nadeem Anjarwalla, who managed to escape the country. The two had traveled to Nigeria to discuss regulations with the government. Gambaryan’s situation has been getting worse. He’s suffering from a…
A popular crypto analyst, known as Rekt Capital, believes Bitcoin might be close to a rebound. He says the recent intense selling pressure in the crypto market is likely to run out of steam soon. Seller Exhaustion on the Horizon Rekt Capital, who correctly predicted a Bitcoin correction before the halving, says the high volume…
Russia is making a big move in the world of cryptocurrency. They’re trying to build a financial system that doesn’t rely on the US dollar, and they’re using crypto to do it. Crypto Mining Powerhouse? Russia recently passed a law that allows businesses to mine cryptocurrencies. This has some people wondering if Russia is aiming…
A research firm is predicting a major crash for Bitcoin, potentially sending its price plummeting to $45,000. Why the Crash? 10x Research, a firm that analyzes the crypto market, is pointing to several factors that could trigger a Bitcoin price drop. They’re seeing a decline in active Bitcoin addresses, which suggests a decrease in investor…
Bitcoin’s price has been stuck in a rut lately, but some analysts believe the worst is over. Crypto analyst Daan Crypto is pointing to a Bitcoin Rainbow Chart as a sign that things are about to change. Breaking Above $60,000 is Key Daan Crypto thinks Bitcoin needs to break through the $60,000 mark to really…
Bitcoin took a tumble below $54,000 on September 6th, with traders selling off their holdings in droves. The culprit? A mix of macroeconomic factors painting a gloomy picture for the future of Bitcoin. A Weak Job Report and a Shaky Economy The August job report came in weaker than expected, with only 142,000 new jobs…
