Este artículo también está disponible en español. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, recently experienced a significant price correction, dropping below $3,100 for the first time in 29 days. This marks a notable shift from its peak performance in December, when it reached this year’s high of $4,106 on December 16. However, the all-time high for ETH, set at $4,877 on November 8, 2021, remains unbroken. Since reaching that high, Ethereum has been forming lower highs and lower lows, indicating bearish momentum in the market. Ethereum Market Sentiment And Support Levels The year 2024 has been tumultuous for…
Author: dfrancis36
A major player in the cryptocurrency market found itself on an unusual side of history after experiencing its largest outflows in months. The leading asset manager BlackRock ended the inflow streak of its Bitcoin exchange-traded fund after recording a $72.7 million worth of outflow on December 20. Largest Outflow On Record Data showed that BlackRock Bitcoin ETF (IBIT) witnessed the largest outflow since it was launched in January this year. According to Farside Investors, the global asset manager’s Bitcoin ETF posted an outflow of 72.7 million in December, the highest on record for IBIT. They added that this came a…
In the latest insight report by blockchain analytics firm CryptoQuant, Binance presently holds the best leverage ratio as the crypto bull run prepares to take off. Despite a major general price crash in the past week, investors and market analysts remain expectant of massive gains by several digital assets over the next year in line with historical data. The leverage ratio of centralized exchanges presents a crucial factor ahead of this potentially highly bullish period that promises high market activity. Binance, OKX Present Low Leverage Ratio As Other CEXs Show Potential Liquidity Risks In the crypto market, the leverage ratio…
Amid a general crypto market price fall in the past week, Ethereum (ETH) recorded a price correction of over 19.5% finding support at a local bottom of $3,100. Since then, the prominent altcoin has only shown slight resilience rising by over 5% in the past two days. However, recent data on wallet activity provides much cause to be bullish on Ethereum’s long-term future. Ethereum HODL Addresses Increase Supply Dominance To 16% In a recent QuickTake post, CryptoQuant analyst MAC_D shared some positive insights on the Ethereum market. The crypto market expert reports that the balance of Ethereum Accumulation Addresses has…
Recent price action in the past two days saw the Dogecoin price breaking below supports at both $0.4 and $0.3 in quick succession to eventually reverse after a quick break below $0.27 in the past 24 hours. Since then, the meme coin appears to be gaining momentum, with a little-known yet significant indicator pointing to at least a 100% increase from this point. According to technical analysis by crypto analyst Trader Tardigrade, the recent decline has seen Dogecoin enter the Gaussian Channel. The Significance Of The Gaussian Channel For The Dogecoin Price The Gaussian Channel is a comparatively less known…
Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…
The US Federal Reserve’s public consideration of reduced interest rate cuts in 2025 resulted in numerous negative effects on financial markets. Aside from a 17% price loss for Bitcoin, data from Binance exchange shows the BTC market has now developed its largest spot-perpetual price gap. Bitcoin Spot-Perpetual Gap Falls To -$59 – What Next? In the past week, the Fed announced the potential reductions of its originally planned four rate cuts in 2025 to two triggering a wide-scale selloff in the global financial markets. As the total crypto market cap dipped by 17.4%, over $1.8 trillion was lost in the…
Bitwise CIO Matt Hougan says a wave of institutional interest in altcoins is coming next year, largely due to potential regulatory clarity and more exchange-traded funds (ETFs). In a new interview with Bloomberg, Hougan says that institutional money is in the early stages of broadening out to other crypto assets besides just Bitcoin (BTC). Hougan forecasts that 2025 will be the year that institutional investors will begin to incorporate more diversification in their crypto-investing strategies the same way they do in other asset classes like equities or bonds. “You’re already seeing it broaden out actually. A lot of people were…
Este artículo también está disponible en español. Ethereum has faced significant volatility over the past few days, with massive selling pressure emerging after the cryptocurrency failed to break above its yearly highs set earlier in December. This price action has left traders and investors questioning the next direction for ETH as it consolidates under critical resistance. Related Reading Despite the turbulence, on-chain data suggests a potentially bullish outlook. Analyst Ali Martinez shared insightful metrics showing that Ethereum whales have been accumulating heavily during this period of uncertainty. According to the data, whales purchased 340,000 ETH—worth over $1 billion—in the last…
The United States election was one of the most defining events in the crypto space in 2024. Specifically, the reelection of Donald Trump revived Bitcoin and the entire crypto market after an uninspiring second and third quarter. One of the promises made by President-elect Trump in the run-up to the polls was the institution of a strategic Bitcoin reserve. Unsurprisingly, most of the recent crypto conversations has been around the BTC reserve and its potential impact on the US economy and the crypto landscape. Why Should The US Establish Strategic Bitcoin Reserves? CryptoQuant CEO and founder Ki Young Ju is…