Technology

The first quarter of 2022 was eventful, especially due to the economic and geo-political factors that heavily suppressed the cryptocurrency market. However, some of these events also make a case for a potential Bitcoin supply shock up ahead, with this opinion held by analysts like Lark Davis. There are some factors at play, factors thatContinue reading “Bitcoin [BTC]: How inflation, adoption will contribute to this ‘shock’”

Bitcoin, the largest cryptocurrency, achieved a new three-month high this week, thereby wiping all the incurred losses in 2022. The cryptocurrency hit $48,070 on 29 March, before sliding back below the $47,810 mark. Nevertheless, at last, the Fear and Greed index ticked towards ‘Greed’ after a very long time.  Time to accumulate? Bitcoin is attempting to reclaim aContinue reading “Bitcoin: Analysts weigh in on $50K target after new 2022 high”

Bitcoin saw a good rally which extended beyond $43k. After a brief retracement in the following 24 hours, BTC returned to the offensive and reclaimed $44,000. The uptrend continued in the past 24 hours, and the cryptocurrency reached and briefly exceeded $45,000, its highest price tag since 2 March.  Accumulation underway Whales activity revolving aroundContinue reading “New data points to a renewed optimism in Bitcoin but there’s a caveat”

The biggest mystery for any investor is to know the best entry points in a current market cycle. For a Bitcoin maximalist, the $34,000 range was the most rewarding point of entry for opening long positions. Notably, in the market-wide capitulation event on 24 February 2022, the weak hands gave in to FUD. Simultaneously, highContinue reading “With over 85.3k BTC options set to expire today, here’s everything you need to know”

The Ethereum mainnet is expected to soon “merge” with the beacon chain proof-of-stake system, thus ending proof-of-work for the ETH blockchain. Mainnet will bring the ability to run smart contracts into the proof-of-stake system, plus the full history and the current state of Ethereum, to ensure that the transition is smooth for all ETH holdersContinue reading “‘ETH also has the potential to go five-figure asset post the merge’”

Ethereum whales have proved their loyalty repeatedly when dealing with the memecoin, Shiba Inu. A week ago, SHIB was the second-largest holding of Ethereum whales, thus countering the “meme” fit here. Even today, whales continue to scoop up as much as possible. Favorite pet  SHIB was back on the top 10 purchased tokens; it was theContinue reading “From a $6M buy-in to 30k holders seeing a loss, here’s what SHIB has been up to”

Bitcoin, the largest cryptocurrency dropped to a more than two-week low given the fears of a possible Russian invasion of Ukraine. Some predicted that the flagship cryptocurrency could slide toward the key $30,000 level. Bitcoin on-chain analysis highlighted a few concerns related to the selling pressure. Weakness in mainstream An Analytics report on 21 February, on-chain metricsContinue reading “Why the figure of 54.5% is important for a Bitcoin HODLer today”

Decreasing market cap doesn’t always show the real picture… Bitcoin and the entire cryptocurrency market stand on shaky ground right now. Bitcoin, at press time, was trading under the $42,000-mark following a fresh 2% price correction. Also, the Bitcoin Fear & Greed Index showcased a “fear” sentiment across its platform. Now, this might indicate growingContinue reading “Bitcoin and why it’s not a good idea to ‘get fooled’ by this notion”

Bitcoin, the world’s largest cryptocurrency, continues to trade below $40k, with many suggesting that the crypto-winter is finally here. In fact, some analysts expect crypto-volatility to remain elevated this month. Especially as investors reduce their exposure to assets deemed to be risky. However, some indicators seem to be providing much needed bullish respite to offsetContinue reading “Bitcoin: What these indicators say about a possible bullish scenario in the near term”