ETH futures have been on a tear in open interest, hitting an all-time high of $7.1 billion on March 21. This boost comes despite the annualized premium for ETH monthly futures having fallen to below 4%. This is a remarkable drop from 5% only two weeks ago. The move indicates...
Bitcoin takes us on a crazy trip these days. It blasted past the 20-day exponential moving average (EMA) resistance, hitting an impressive $85,332 on March 19 before quickly retreating back below that level the following day. The price action reflects some serious fighting between the bulls and bears, as we...
XRP is poised to challenge its all-time high within the next few weeks. This bullish momentum is the product of bullish news coming out of Ripple’s ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC) paired with increasing spot market volume. Analysts believe XRP’s long-term market structure still looks...
Bitcoin is once again in the bearish hot seat. It failed to push above the resistance at $87,470, an important Fibonacci level imposed by a descending channel. This rejection would indicate a likely retest and furthering of the current downtrend, with investors still cautious of more downside price action. Technical...
As March 21 came and went, the entire cryptocurrency market was largely shaken by the recent collapse. Traders were quick to take profits after Bitcoin retraced from the $87,000 area. The overall capitalization of the market dipped 2.5%, falling to just under $2.75 trillion. The outcome of the Digital Asset...
Bitcoin's recent performance has sparked debate about the future of its bull run, with one key investment index signaling potential bearish conditions. As a result, our Bull Score Index has dropped to lows we haven’t seen since 2023. This recent decrease, a mirror to the entire investment landscape for Bitcoin,...
XRP has seen a huge pump lately, up almost 30% over the last two weeks. This rally continued steam after Bitnomial’s voluntary dismissal of its own lawsuit against the SEC. The announcement has driven new excitement for the second-largest cryptocurrency, which has been lifted by technical factors pointing to more...
Bitcoin (BTC) hit two-week highs. This surge was largely fueled by speculation that the US government was preparing to rollout a comprehensive pro-crypto framework. The market's positive reaction stemmed from signals that policymakers are considering two rate cuts by the end of 2025. Bitcoin continued to ride the wave from...
Bitcoin’s price increased more than $31,000 today. This rise was caused by some factors that demonstrate a restored faith in the cryptocurrency market. Long-term holders are obviously in an accumulation phase. To keep that positive momentum going, the Federal Reserve has signaled that interest rate cuts could come as soon...
Bitcoin price unlikely to breach $77k threshold anytime soon. Now, analysts are seeing a pronounced shift in market sentiment as they forecast the end of quantitative tightening (QT). Comments from the Federal Reserve signaling a potential slowdown in QT have sparked a wave of optimism in the crypto market. The...
The cryptocurrency market is currently facing a huge amount of pressure, exacerbated by President Trump’s trade war and crumbling macroeconomic conditions. Kevin O’Leary, the self-proclaimed “Mr. Wonderful,” is still bullish. He views the NEGOTIATE GENIUS Act, currently pending in Congress, as one vehicle that could help turnaround this bearish trend....
The crypto currency market is nutso! Over only the past day, total market capitalization has risen by about 3.2%, reaching an all-time high of over $2.8 trillion on March 20. Bitcoin (BTC) and Ether (ETH) have ranked up right along with them, up approximately 3% and 4% in the same...
Bitcoin has a tough road ahead. Bullish leveraged positions on the Bitfinex exchange have jumped to a close to six-month high. This massive increase comes in spite of an overall market sentiment that continues to be downbeat. This divergence raises basic questions about whether the recent price increases are sustainable....