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Bitcoin price may have nosedived to $21,000 but this analyst says it’s not an entirely bad thing. Willy Woo, on-chain expert analyst says that Bitcoin’s recent decline to $21,000 is mostly due to the massive sell-off by traders. However, there’s no reason to hit the panic button because the sell-off is linked to negative net flow on major exchanges which hints that most of the participants are looking to amass or buy the dip to store in their wallets, taking...
The host of popular crypto analytics and market commentary show Coin Bureau is bullish on the outlook for Solana ($SOL) saying that the altcoin could potentially double in price if the current rally continues. Speaking in a recent YouTube update, Coin Bureau’s host “Guy” told viewers that he...
Published 1 hour ago The parabolic recovery in ETH/USDT pair surged the prices by 101% from mid-June to August and formed a local top at the $200 mark. Furthermore, during this bull run, the coin price witnessed several pullbacks, which replenished the bullish momentum for further gains.
On Friday (August 19), Arthur Hayes, Co-Founder and former CEO of BitMEX, shared his thoughts on Ethereum’s price action. On August 16, Hayes published a blog post (titled “ETH-flexive”) that talked about Ethereum’s upcoming “Merge” protocol upgrade, which is when the Ethereum network is making the transition from proof-of-work (PoW)...
Imagine if one could measure a cryptocurrency’s demand level by the strength of its bounceback. Ethereum Classic would have been worth looking at then, especially after its 260% rally from its 2022 lows. the question, however, is – Can it carry the same momentum in its next recovery phase? Ethereum Classic’s press time price of $32.91 represented a 27% drawdown from its latest monthly top. This meant that it is still holding on to significant gains, when compared to its...
Security, scalability and decentralization. These are the core pillars that blockchain networks aim to build on and approve. However, striking the right balance is quite difficult, as most of the top networks, including Ethereum, has discovered. Ethereum has struggled to uphold decentralization ever since the network rollback that undid the DAO hack. Recent events have […] Source link
Since the massive plunge in June, Ethereum [ETH], the largest altcoin in the world, gained a steady northbound movement. Over the last two months, ETH has consistently registered higher lows, suggesting bullishness as the date of the much awaited Ethereum Merge comes closer. However, in a recent turn of events, several cryptos, including Bitcoin [BTC] and Ethereum, suffered a price decline. At the time of writing, Ethereum was trading at $1,636.11, nearly 10% negative 24-hour growth, with a market capitalization...
Published 10 mins ago Ethereum price analysis shows a bounce back in today’s session following a blood bath in the previous session. The ETH/USD pair is currently trading below the $1,650 mark as the bulls are licking their wounds following the previous session’s intense sell-off. The price is struggling to make gains above the mentioned level. The more time ETH stays below this level, the more selling pressure will build. Ethereum prints modest gains following the last session selling spree. The price...
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