Bitcoin Coinbase Premium Is Negative Despite $68,000 Rally: What It Means
Data shows the Bitcoin Coinbase Premium Index has remained negative during the rally to $68,000. Here’s what this could mean for the asset. Bitcoin Coinbase Premium Index Is Currently Showing Red Values As explained by an analyst in a CryptoQuant Quicktake Coinbase Premium Index” is an indicator that measures the difference between the Bitcoin prices…
Ethereum (ETH) About To ‘Catch Up On BTC’, Is It Ready To Reclaim $3,000?
Following the market’s recent performance, Ethereum (ETH) attempted to break out of a bullish formation. Some analysts believe the cryptocurrency is preparing to catch up with Bitcoin and aim for March highs. Ethereum Getting Ready To Challenge BTC This week, Ethereum has successfully reclaimed the $2,500 support zone following the market’s recent performance. The second-largest…
Bitcoin Dominance Hits New Cycle High Of 58.9%, More Pain Before Altcoin Season?
As Bitcoin (BTC) inches closer to $70,000, its dominance in the wider crypto market has risen to a cycle high of 58.9%. Bitcoin Dominance Rises, Are Altcoins In Trouble? Bitcoin dominance (BTC.D), a metric that measures the proportion of the total cryptocurrency market cap commanded by the leading digital asset, has hit a new cycle…
Analyst Forecasts Bitcoin Could Surge 250%, Yet Warns Of Potential Drop To $10,000
As the week progressed, the Bitcoin (BTC) price steadily climbed toward its all-time high of $73,700 in March of this year. This upward momentum is in line with the predictions of various market experts, expecting significant gains for the leading cryptocurrency by the end of the year. One such expert, crypto analyst Gert van Lagen,…
Bitcoin Sees Massive Surge In Active Addresses: Here’s What It Signals For Price
Bitcoin has been experiencing a notable increase in network activity, as indicated by a surge in active addresses. Data shows that the cryptocurrency has seen a resurgence in user engagement following a sluggish performance during July and August since the start of September. With this uptick in activity, it is worth assessing Bitcoin to see what…
Bitcoin Price Holds Firm: Can It Power Toward New Gains?
Bitcoin price climbed further higher above the $67,500 resistance zone. BTC is now consolidating and might clear the $68,350 resistance to continue higher. Bitcoin remained stable and extended gains above the $68,000 zone. The price is trading above $67,200 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with…
Bitcoin Extreme Greed Is Nearly Here: Will This Lead To A Top?
Data shows the Bitcoin market sentiment has nearly turned to extreme greed as the cryptocurrency’s price has rallied to the $68,000 mark. Bitcoin Fear & Greed Index Is Currently Inside The Greed Region The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment present among traders in…
Bitcoin Clears $65,000: Can The Bulls Push BTC To Historic Heights?
Bitcoin (BTC) has made a bold move, breaking past the crucial $65,000 level and sparking renewed hope of reaching its all-time high. As bullish momentum builds, the market is watching closely to see if this breakthrough could be the start of a larger rally. With previous resistance now behind it, can Bitcoin continue its upward…
Bitcoin Price To $130,000 By January, Here’s The Roadmap
According to a technical analysis from analyst Xanrox, the Bitcoin price is on the road to reaching the $130,000 mark in the next few months. Notably, this bullish price target might go unnoticed as one of many positive predictions that have surrounded the Bitcoin price in recent times. However, Xanrox’s prediction is intriguing as it…
Bitcoin Breaks Past $67,000 After Spot ETFs See Highest Capital Inflows In Months
As the broader crypto market starts to rebound, Bitcoin is once more in the forefront and crosses the $67,000 barrier. Bitcoin is trading roughly $67,150 as of October 16, a good 4% increase in just 24 hours. Given that it represents the crypto’s highest price point since late July, this spike is notable. The recent…