There’s a small chance that Bitcoin (BTC) may have reached its peak this cycle at around $70,000 based on the theory of veteran trader Peter Brandt. However, many other price models predict the cryptocurrency could still be far from its cycle peak and might even top out at $210,000 before the bull run ends. It’s … Read more
The stablecoin market capitalization was trending upward once again One metric hinted at negative sentiment and selling pressure in the market Stablecoins are an integral part of the crypto ecosystem. They’re typically tied to a fiat currency and exist on the blockchain with reserves held by external entities. Tether (USDT) is one of the most … Read more
Australia’s largest stock exchange, the Australian Securities Exchange (ASX), might give the green light to several Bitcoin ETFs by year-end. According to anonymous sources familiar with the matter, applications from VanEck Australia and local ETF specialist BetaShares are in the pipeline for approval. As a researcher, I’ve been closely monitoring the developments at Australia’s leading … Read more
Rising accumulation could validate LTC’s move northward. Most holders refrained from selling, indicating a possible rise above $180. In April, the crypto market, including Litecoin (LTC), experienced significant shifts. However, let’s focus on the Hodler Net Position Change, which indicates investors’ behavior. As a researcher studying the crypto market in April, I’ve observed significant shifts … Read more
As a crypto investor, it’s exciting to see a solo miner defy the odds and mine a Bitcoin block alone, earning the full 3.125 BTC reward. On April 29, software engineer Con Kolivas of ckpool announced that one of their miners had solved Bitcoin’s 282nd solo block in history. With a hash rate of around … Read more
Bearish sentiment around BTC was dominant in the market. Selling pressure on the coin was high. Bitcoin’s price action has been underwhelming recently, with the cryptocurrency failing to break above $64k in the past few days. Bearish sentiment and selling pressure have dominated the market, as evidenced by a drop in Weighted Sentiment and Social … Read more