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Bitcoin Set For Critical Price Resistance Encounter – Analyst

[Aug 10, 2024 6:00 PM] The price of Bitcoin has continued to maintain an impressive recovery trajectory following an earlier dip in the week, which saw the asset trade below the $50,000 price mark. The crypto market leader was greatly affected by a widespread decline in…

Ethereum Open Interest Drops 40% In August – What’s Happening?

[Aug 10, 2024 2:00 PM] Several large-cap assets, including Bitcoin and Ethereum, struggled to make a mark in the past week, as the general market suffered a steep downturn in prices. According to various analyses, the market was negatively impacted by some recent macro…

Bitcoin Miner Capitulation Comes To An End – Time To Buy BTC?

[Jul 28, 2024 2:19 AM] Indeed, the Bitcoin price has been on a hot streak in recent weeks, returning to its past heights most investors have become accustomed to. However, the past week was a somewhat quiet one for the premier cryptocurrency, as it was for most of the…

Ethereum Open Interest Rises By $1.5 Billion – What This Means

[Jul 27, 2024 5:30 AM] Ethereum (ETH) recorded a significant loss in price this week following the trading debut of Ethereum spot ETFs. According to data from CoinMarketCap, ETH has declined by 6.60% in the last seven days, falling as low as $3,100. However, amidst this…

Bitcoin Miners Have Been ‘Extremely Underpaid’ Since Mid-June

[Jul 13, 2024 1:10 PM] Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of 1 petahash per second (PH/s) of hashrate remains notably low at $47.79 per PH/s. Despite the revenue…

Report: Bitcoin Market Lacks Upward Momentum Amid Weak Demand

[Jun 20, 2024 6:19 AM] Bitcoin continues to trade near a crucial price level, with the downside appearing limited but a lack of bullish momentum evident. The leading cryptocurrency stands around the $65,000 to $66,000 mark, a critical onchain realized price that could…