We congratulate our readers on the arrival of spring, both on the calendar and in the cryptocurrency market. Whether the bears like it or not, Bitcoin’s 80-day downward trend has been broken for the third, and probably the last, time. The price of the asset is near the $11,000 mark, total market capitalization is also […]
Category Archives: Coins
Since December, Bitcoin has seen a massive change in its value as its price slumped from a high of $20,000 getting as low as $6,800. The coin has recovered somewhat from that, but the number of transactions also came down with the price. The average number of trades recorded daily has roughly dropped in half from those […]
The break in a 74-day trend fell on the first day of spring. This is quite symbolic: on the surface, it looks like nature is asleep, however, the first signs of life are making their way through the snow-covered ground. As usual, the crowd takes a while to understand what is happening; this gave us […]
At least one futurist thinks that cryptocurrency will replace part of the world’s fiat money by 2030, according to Fortune. Thomas Frey has made the bold prediction: “Cryptocurrencies are going to displace roughly 25 percent of national currencies by 2030. They’re just much more efficient, the way they run.” Legitimacy Dr. James Canton at the […]
We welcome everyone to the beginning of a fresh new week, which promises to be exciting for investors and traders, and hopefully profitable for our readers. Over the past weekend, the long-awaited trade volumes never came to the market, but the air is filled with electricity and lightning can strike at any moment. Even without […]
By early Tuesday, the market continues to be riddled with indecision. Among the main assets, we see some slight corrective movement within the normal range of volatility. Total cryptocurrency market capitalization is $460 bln, and Bitcoin dominance, as we expected, continues to grow, reaching 41.8 percent. During the day, Bitcoin price reached $11,720 at the […]
By midweek, market indecision reached its peak, and the sustained expectation of a breakthrough to new local highs pushed particularly nervous investors to start booking profits (and clearly, for some, losses). The result was a further decline in the value of most assets and a decrease in total market capitalization to $430 bln, which is […]
“Black Wednesday” — perhaps, that’s what the previous day will come to be called in the coming weeks, until the market recovers from the blow. A detailed assessment of the events and a full debriefing will be attempted at a later point, when the graph, like a seismometer, reveals more data. For now, we can […]
On March 7, the jackals ripped the market open with razor-sharp teeth and bought whatever was on offer at 75-day record volumes (for the 4H timeframe). These events transpired when the news broke about the Binance exchange hack. At first there were no details, and when it turned out that all the money was safe, […]
One researcher has presented a credible case arguing that over $3 bln of daily cryptocurrency trading volume is “fake.” Daily trade volume is the amount of cryptocurrency that changes hands each day on digital currency exchanges and can be an important indicator of the market’s health. For example, if Bitcoin’s price goes up on high […]