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How low can Ethereum price drop versus Bitcoin amid the DeFi contagion?
Ethereum's native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in the coming months.ETH/BTC weekly price chart. Source: TradingViewETH/BTC dynamicsThe ETH/BTC…
BTC price tops 10-day highs as Bitcoin whale demand sees ‘huge spike’
Bitcoin (BTC) made the most of weekend volatility on June 26 as a squeeze saw BTC/USD reach its highest in over a week.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Unusual whale activity" flaggedData from Cointelegraph…
Bitcoin may still see ‘wild’ weekend as BTC price avoids key $22K zone
Bitcoin (BTC) focused on $21,000 into the weekend amid warnings that volatility could still consume the market before Monday.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewS&P 500 sees second best week of 2022Data from…
Crypto hedge funds are bullish on Bitcoin and knee-deep in DeFi
The volatility that has become synonymous with the crypto industry hasn’t deterred institutions from participating in it, as hedge funds investing in crypto are at an all-time high, according to PwC’s 2022 Global Crypto Hedge Fund Report.…
How to find opportunities in a bear market
Since April, the cryptocurrency market has been in a severe downturn.
Bitcoin is down by 70% from all-time highs, while Ethereum is down 80%. Whole ecosystems, like Luna, have been obliterated, and dozens of altcoins and GameFi tokens have…
Bitcoin price wicks below $20K as whales send 50K BTC to exchanges
Bitcoin (BTC) saw a dramatic change of mood into June 22 as multi-day highs gave way to a fresh dive under $20,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC could see accumulation below key trendlineData from…
Bitcoin hodler data hints BTC price ‘really close’ to bottom — nalysts
Bitcoin (BTC) could have already seen a price bottom or be “really close” to one, analysts believe after eyeing new data this week.In a Twitter thread on June 22, well-known indicator creator David Puell revealed what he argues “looks…
Here’s how pro traders could use Bitcoin options to buy the $20K BTC dip
Bitcoin hit a 2022 low at $17,580 on June 18 and many traders are hopeful that this was the bottom, but (BTC) has been unable to produce a daily close above $21,000 for the past six days. For this reason, traders are uncomfortable with the…
Bitcoin miner ‘capitulation event’ may have already happened — Research
Bitcoin (BTC) miners may have already sparked a “capitulation event,” fresh analysis has concluded.In an update on June 24, Julio Moreno, senior analyst at on-chain data firm CryptoQuant, hinted that the BTC price bottom could now be…
Polygon exec gives insider scoop on state of crypto employment
Despite the challenges of the past two years, the labor market appears to be in a good place, at least according to official government statistics.
The Washington Post stated that Americans had returned to work in record numbers, leading to…