Ethereum’s price rally was in full swing, before the 5.9% drop in the past 24 hours. The price has dropped from the ATH and Ethereum is now trading at the $1300 level. Nearly all cryptocurrencies are bleeding currently, including Bitcoin, with a massive 24-hour price drop of 5.2%. This hasn’t affected the sentiment of retail tradersContinue reading “Why are whales flocking to Bitcoin over Ethereum?”

When the third halving took place on 11 May 2020, Bitcoin and Gold were correlated. Today, on the 12th day since Bitcoin hit a new ATH on the price charts, Bitcoin and Gold are uncorrelated. The reversal in the said correlation is incredible, but there is a historical precedent here too. After all, this isContinue reading “12 days since its ATH, how is Bitcoin doing?”

Ethereum’s price rally over the past 48 hours notwithstanding, Bitcoin continues to gather momentum on the price charts. Valued at just over $35,300 at the time of writing, many expect BTC to soon climb in an effort to breach the $40,000-level once again. While Ethereum may have grabbed the headlines, the spotlight, and the investmentContinue reading “Why are experts more bullish on Bitcoin than Ethereum?”

While at press time Ethereum’s price was going parabolic, it would seem that Ethereum’s daily transaction volume has been going parabolic too, according to Messari’s Crypto charts. In fact, the world’s second-largest cryptocurrency is now settling over $12 billion in daily transactions. To put that figure into perspective, that is $3 billion more than Bitcoin.Continue reading “Ethereum: New ATH or not, this is what you should know”

The support of top payment giants like PayPal is promising for building the case of mainstream Bitcoin payments. However, Bitcoin’s rapidly increasing price in the USD poses a tough challenge for the adoption of Bitcoin denominated payment systems. A number of altcoins are rallying alongside Bitcoin, and making payments in cryptocurrencies may not be theContinue reading “Why Bitcoin denominated payments won’t be mainstream anytime soon”

After an action-packed week, Bitcoin is trading at $35468 after having endured a flash crash. However, the price action left traders asking why the flash crash in Bitcoin took place? Also, does this mean the rally is over and it was over-extended? As per the data, there may have been excessive speculation in Bitcoin’s price,Continue reading “Was Bitcoin’s rally overextended? If yes, what next”

The latest headlines are filled with posts about Bitcoin’s halving and its impact on Bitcoin’s price. These are popular facts and repeated several times as arguments for Bitcoin’s recent price rally. The repetition may have become so cruel, that memes on these facts are doing the rounds on Crypto Twitter. But the real question oneContinue reading “Will Bitcoin cross $100000 by August 2021?”

Bitcoin’s ongoing price rally has encountered resistance at the $39000 level, despite the momentum being relatively high. The price has dropped to $34000 and below a few times in the recent past and institutional investors are buying the dips based on data from Whalemaps.  Interestingly, there was a sell-off on derivatives exchanges this week whenContinue reading “Will Bitcoin see another trend reversal in 2021?”

The comparison between Bitcoin and Gold is as mainstream as Bitcoin itself. However, despite the decoupling of the two assets, the group of interested and active investors in both is nearly the same and there is an overlap. In fact, traders and analysts on Crypto-Twitter have been going on about the two assets for overContinue reading “Are comparisons between Bitcoin and Gold absurd?”

The ongoing Bitcoin price rally has most traders stopping and staring at their portfolios, refreshing their windows every few minutes to capture the unrealized profit/loss. Understandably, the thrill of the price rally is accompanied by the fear of losing out on unrealized profits. With Bitcoin’s price dropping over the past few trading sessions, several walletsContinue reading “Why the 25% drop was the bottom for Bitcoin”

Ethereum was valued at $1,170 at the time of writing, with the world’s largest altcoin continuing to consolidate as it attempted to surge to a new ATH on the charts. However, Ethereum reserves on exchanges have been dropping. Based on data from Glassnode, in the past 2 days alone, reserves have dropped by over 10%.Continue reading “Will exchanges run out of Ethereum?”

Bitcoin’s rally to its latest ATH in the first week of January may have made the headlines, but what’s in it for your portfolio? Let’s go further – The burning question is, what is the role of HODLers in this bull run and how do they influence the returns on your portfolio? Do they influenceContinue reading “Do Bitcoin HODLers decide the returns on your portfolio?”