Bitcoin is looking to leap key resistance alongside a strong rally in gold, but its role as an inflation hedge is still weak.
Ethereum Activity Metric Hits Highest Level for 2 Years
The number of active ether addresses just clocked a recent high, possibly thanks to its growing role in decentralized finance.
Cardano at One-Year High on Shelley Upgrade
The eighth-largest cryptocurrency by market value jumped to $0.1021 on Saturday to hit its highest price level since June 2019. It has rallied by a staggering 170% in the second quarter, according to CoinDesk data.
Bitcoin Rises in Line With Stocks After Dip Below $9K
Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities.
Search For Yield Drives Ether’s Put-Call Ratio to One-Year High
Ether’s put-call open interest ratio has jumped to 12-month highs. However, this increase is not necessarily a bearish signal.
Bitcoin’s Price Correlation With S&P 500 Hits Record Highs
Bitcoin’s correlation with the S&P 500 is somewhat erratic, but the relationship has just got stronger. That may not be bad news.
Bitcoin Still Up 27% This Year Despite Dismal June Performance
Bitcoin is still outperforming the top traditional financial assets so far in 2020 – even after a dour performance this month.
Bitcoin Closes in the Green Sunday to End Longest Daily Losing Run in 6 Months
Bitcoin chalked out minor price gains on Sunday, ending its longest run of daily losses for half a year and avoiding a break below the ongoing restricted trading range.
Coinbase Lists Compound’s COMP Token for Retail Crypto Traders
The Compound token almost fell back below $200 earlier this week, before Coinbase rode to the rescue. It listed the token for retail users, and gave COMP a nice price bump.
A Key Thesis for Bitcoin’s Long-Term Bull Market Just Got a Knock
The narrative that inflation arising from the massive coronavirus stimulus efforts would lead to a long-term rise in bitcoin’s price is looking weak with new data from the Federal Reserve.
Bitcoin Still On Track for Quarterly Gains After Drop Toward $9K
Bitcoin looks set to end its three-quarter losing run despite having dropped to $9,000 earlier on Thursday.
Bitcoin Options Market Faces Record $1 Billion Expiry on Friday
The cryptocurrency’s options market is on its way to a record $1 billion monthly expiry this Friday.
Bitcoin Options Market Faces Record $1 Billion Expiry on Friday
The cryptocurrency’s options market is on its way to a record $1 billion monthly expiry this Friday.
First Mover: Bitcoin’s Recent Stability May Come from a Fleeting Correlation With Equities
Bitcoin is often likened to digital gold, but some analysts say the more compelling correlation is with the stock market.
The Last Time Volatility Was This Low Bitcoin Went On to Rally By $2K
Bitcoin’s price volatility has declined to levels last seen ahead of a major rally witnessed in October 2019. But will the pattern repeat this time?
Bitcoin Sees Small Gain as Gold Rallies to One-Month High
Bitcoin is reporting moderate gains on Monday as gold, a safe haven asset, rallies amid renewed coronavirus concerns.
Bitcoin Sees Small Gain as Gold Rallies to One-Month High
Bitcoin is reporting moderate gains on Monday as gold, a safe haven asset, rallies amid renewed coronavirus concerns.
Outflow of Bitcoin From Miners at Lows Not Seen Since 2010
Miner outflows of bitcoin have dropped to decade lows, with analysts saying a hoarding mentality and a drop in issuance after the halving are responsible.
Bitcoin Still Undervalued After Q2 Rally, Price Metric Shows
Bitcoin’s Mayer multiple indicates the cryptocurrency is undervalued despite having rallied by over 40% this quarter.
Number of Bitcoin ‘Whales’ Has Risen By 2% Since Halving
Bitcoin’s rally has stalled since the May halving, but that hasn’t deterred large investors from accumulating coins, data shows.