Ethereum is trading above $1600 however its high transaction fee is the downside. The high gas cost on Ethereum is making it clear that the altcoin has raised the barrier with regard to the entry of small investors and beginner traders in retail trading. While it is a popular opinion in the trading community thatContinue reading “Why Ethereum’s transaction fee is changing its future?”

Bitcoin’s price had seen increased bullish momentum in the past few days and was on an uptrend during the start of the weekend. This is unlike other weekends, where Bitcoin’s price is slower and its trade volume noticeably drops. This has been taken as evidence for institutions easing trades over the weekends, and the volatilityContinue reading “Where is Bitcoin heading after $40000?”

Traditionally, the alt season has been the highlight at the end of nearly every Bitcoin price rally. In fact, on the back of Bitcoin’s recent performances, a rally in the price action of the market’s altcoins is much anticipated for the year 2021. When Ethereum crossed its ATH recently, the market’s top-25 alts by marketContinue reading “Will there be an alt season in 2021?”

Bitcoin, at the time of writing, was trading above $39,000 on the charts, with there being evidence of institutional buying even at the said price level. Bitcoin’s press time highs came after the cryptocurrency crossed the $37,000-mark after nearly three weeks. Though there has been volatility and network momentum in Bitcoin’s price rally since OctoberContinue reading “Why Plan B’s target for Bitcoin is still $288,000”

Ethereum has been trading above $1,600 for over two days now, a movement that was perhaps expected from the altcoin after it hit its old ATH on the charts a week back. Curiously, many technical analysts are of the opinion that Ethereum is undervalued, even above $1,700. In fact, in light of the hashrate andContinue reading “Should you buy Ethereum above $1,600?”

Cryptocurrency waves correspond with critical events in the crypto -market’s timeline, and they point towards a shift or upcoming change in trend. The first wave corresponds with Bitcoin’s bull run of 2017, where the bailout of mortgage-punting banks was at its peak. Within weeks, Bitcoin’s price dropped over 50% and ended in a near wipeoutContinue reading “What crypto’s second wave means for the future of Bitcoin”

Bitcoin’s options expiry was expected to cause a bigger stir than it did, and the price rally continued breaking out above the $36000 level. The asset is now trading at $37669 based on data from CoinMarketCap. The market has continued growing, with increasing open interest. Nearly $4 Billion worth of Bitcoin options contracts expired onContinue reading “CME Bitcoin futures signal a drop in Bitcoin’s price?”

Ethereum hit a new ATH of $1732 earlier today and is currently trading at a price over 25% higher than it did last week. As this asset races to discover the price beyond $1700, the investment flow in Ethereum has increased and more institutional traders are valuing it. The valuation process is not as simpleContinue reading “Race to the top and the future of Ethereum”

Bitcoin is trading close to $38000, and the break from the rangebound price level came as a relief earlier this week. On Tuesday, the price hit $37000 and trading beyond $35000 allowed Bitcoin’s price rally to break away from the resistance. As traders gear up to predict the impact of the current price trend onContinue reading “22 million active addresses may keep Bitcoin keep above this price level”

Bitcoin broke past the resistance at $35000 and is currently trading close to $38000. This break came with the standard reference and comparison with Gold, however, since GameStop’s nearly unstoppable price rally, #SilverSqueeze was breaking the internet. Following which there was a sizeable surge in interest and trading volume for silver, as traders expected theContinue reading “Bitcoin pump or silver squeeze, which is it?”

Bitcoin’s recent surge above $37000 is the second time the king coin has breached the level in the past five days and has retail traders asking, what happened? What’s behind the investment flow, that signals a positive shift in trader sentiment? This time around, there were no bearish signals from miners, stablecoin deposits to allContinue reading “Bitcoin is at $38k but is there more room for growth?”

MicroStrategy has been buying consistently throughout Bitcoin’s journey to $40,000 and beyond. What’s different this time, however, is that as of 31 January, cumulative treasury holdings captured a total of 5.85 percent of Bitcoin’s supply. So, how will this influence the current market cycle and the next? Before adding Bitcoin to its balance sheet andContinue reading “Here’s how Bitcoin and MicroStrategy, other companies are helping each other”