Tag: edge

Aug 09 2021

16,000 ETH burned as Bitcoin finally breaks $42,000 resistance. What’s next?

Aug 09 2021 Published at CryptoSlate under tags  analysis btcusd edge ethusd trading

Bitcoin, the largest cryptocurrency by market cap, finally broke above the crucial resistance of $42,000 while Ethereum prices jumped by almost 15% after the EIP-1559 update. Bitcoin failed 3 times in the past few weeks in breaking the big...

Aug 03 2021

Ethereum one-upped Bitcoin to close 13 consecutive daily green candles. Here’s what it means

Aug 03 2021 Published at CryptoSlate under tags  analysis btcusd edge ethusd trading

Ethereum closes 13 successive daily green candles, making this the best run of form in its six-year history. As with all things good, the upward price movement came to an end today as ETH dumped 5% within the early hours of Tuesday morning (GMT). Nonetheless, a remarkable turnaround today still could extend this record to 14 days. Then again, a look at the...

Jul 27 2021

This key resistance level can hinder Bitcoin from reaching ATHs

Bitcoin finally broke above the $30,000-$34,000 range as it shot up by 15% on Monday. Ethereum also followed Bitcoin with a 12% gain as cryptocurrencies started the week on a high amid rumors of...

Jul 20 2021

Cardano, Dogecoin, XRP fall 10% while key Bitcoin metric flashes a favourable sign

Jul 20 2021 Published at CryptoSlate under tags  adausd analysis btcusd edge ethusd

Many traders fear that the bear market might officially be here after dropping more than 50% from all-time highs on average. Several large-cap decentralized finance (DeFi) tokens, such as Badger, ThorChain, Alpha Finance, and others, have now fallen up to 85% from their 2021 highs....

Jul 19 2021

Why this fund manager expects a major pullback in stocks and Bitcoin soon

Jul 19 2021 Published at CryptoSlate under tags  analysis btcusd edge investments trading

Principal at Moran Tice Capital Management, David Tice, said right now is a dangerous time for both stock and Bitcoin investors. Tice sold his investment management firm, Prudent Bear Funds, in 2008, during the last major financial downturn. As such, some credit him with a knack for sensing trouble...

Jul 16 2021

Doge, XRP, ADA take price hit while Bitcoin technicals show lack of buyer interest

Jul 16 2021 Published at CryptoSlate under tags  analysis btcusd dogeusd dotusd edge

The largest cryptocurrency by market cap continued its downtrend this week, fueled by both poor technicals and increasingly neutral sentiment for the crypto market as a whole. Bitcoin price continued to fall during the Wednesday session as traders anticipate a bearish few days ahead. The price range continues to be stuck in the $30,000 and $35,000 range....

Jul 11 2021

Axie infinity is the top earning DeFi dApp. But what is it?

Jul 11 2021 Published at CryptoSlate under tags  adoption defi edge eth gaming

A non-custodial game and marketplace, Axie Infinity (AXS), built on Ethereum (ETH) and adjacent blockchains launched back in 2018 and has recorded as much as $22.9 million in protocol revenue in the past 30 days, according to data analytics...

Jul 08 2021

This crucial Bitcoin metric reached a high. But traders don’t seem to care

Jul 08 2021 Published at CryptoSlate under tags  btcusd edge ethusd trading

Bitcoin spot exchanges outflow transaction count hit a year high, data from CryptoQuant, a popular on-chain data analysis tool for Bitcoin and other cryptocurrencies, showed. $BTC spot exchanges outflow transaction count hits a year high...

Jul 05 2021

Ethereum, altcoins ‘chop’ as crucial Bitcoin metric sees 28% decline

Jul 05 2021 Published at CryptoSlate under tags  analysis btcusd edge ethusd trading

Bitcoin (BTC) jumped by almost 6% on Friday as mining difficulty dropped sharply. However, that move almost entirely retraced over the weekend, with the price closing under $32,100 this morning. The move came as the asset’s mining ‘hash rate’—a measure of the total computational power...

Jun 27 2021

Ranging weekend for Bitcoin and Ethereum as ‘bearish’ inflows threaten market recovery

Bitcoin and Ethereum prices fell by almost 15% going into the weekend as BTC faced rejection at the $35,000 region once again. CryptoQuant, a popular on- chain...

Jun 25 2021

Bullish or bearish? Crypto analysts share their view for where the market could go from here

Jun 25 2021 Published at CryptoSlate under tags  analysis btcusd edge price watch

It appears that the cryptocurrency industry is positioned to continue its growth from a long-term perspective. However, sentiment for the near future may not be so positive. A major move for Bitcoin has still to materialize, as the price has hovered between roughly the $30,000 and $40,000 range for the last weeks. Several cryptocurrency experts are still undecided about the direction of the...

Jun 24 2021

The ‘crab’ market: Bitcoin hovers near $30,000, Ethereum fails to break $2,000

Cryptocurrency markets bounced upward yesterday after a big drop with Bitcoin and Ethereum being up by 15% and 17% respectively. The move came on the back of El...

Jun 22 2021

Ethereum, BNB, XRP see big drops as Bitcoin hashrate falls. What’s next?

Jun 22 2021 Published at CryptoSlate under tags  adausd analysis bnbusd btcusd edge

Bitcoin and Ethereum prices took a big hit as major Chinese banks paused all crypto-related transactions. The latest crackdown came weeks after local directives aimed at culling mining operations. Bitcoin drop sees alts head downward The development saw Bitcoin (BTC)...

Jun 21 2021

Is DeFi season back? Stablecoin ‘yield’ deposits nearly doubled last month even as Bitcoin crashed

Jun 21 2021 Published at CryptoSlate under tags  btc busd dai defi edge

During May, the wealth management platform YIELD App, saw net deposits of Tether (USDT) increase 15.5%, while net deposits of USD Coin (...

Jun 18 2021

Data shows Bitcoin is relatively ‘cheap’ at these prices, “best to buy” time for new investors

Jun 18 2021 Published at CryptoSlate under tags  btcusd edge investments price watch trading

Dan Morehead, the CEO of Pantera, believes that Bitcoin is “cheap” when compared to the price trend over the last 11 years according to their June investor report. Bitcoin has a 11-year trend of 20.3% Bitcoin’s price has had varying deviations from the 11-year...

Jun 17 2021

Bitcoin fails to break $41,000 even as ‘green’ crypto mining gains traction. What’s next?

Jun 17 2021 Published at CryptoSlate under tags  analysis btcusd edge ethusd trading

Bitcoin price crossed the $40,000 region for the first time in the last two weeks as Tesla CEO Elon Musk joined the chorus for green alternatives for crypto mining. Musk tweeted last week that Tesla will start accepting Bitcoin as payment once again after 50% of the miners move to greener alternatives for Bitcoin mining....

Jun 16 2021

Bitcoin options shows 30% chance of BTC trading above $50,000 next month

Jun 16 2021 Published at CryptoSlate under tags  analysis btcusd derivatives edge trading

Options data suggest Bitcoin has a small chance to trade above the $50,000 price level at the end of next month, data from multiple sources shows. On Options and how they affect the market ‘Options’ are a financial instrument that derives their value from an...

Jun 14 2021

Bitcoin ranges in the high $30,000s—but technicals suggest there’s ‘red’ ahead

Jun 14 2021 Published at CryptoSlate under tags  analysis btcusd edge ethusd trading

Bitcoin and Ethereum both continue to show an unclear direction as both fail to break major resistances and fall back on their ‘support’ price levels. However, the number of Bitcoin ‘shorts’ continues to rise and touch an all- time high on crypto exchange Bitfinex, which suggests...

Jun 12 2021

Despite the fear, this on-chain proponent expects EOY Bitcoin price of $300,000

Jun 12 2021 Published at CryptoSlate under tags  analysis btcusd edge trading

It's coming up to two months since Bitcoin peaked at $65,000. Since then, significant dips have seen a 55% drop in price at the lowest point. For the past three weeks, BTC has formed a trading range of between $31,000 to $40,000. But the lack of strength in any upward price swings has cast doubt on whether we are still in a bull...

Jun 10 2021

A top Bitcoin whale picked up 3,706 BTC amidst brutal dip, data shows

Jun 10 2021 Published at CryptoSlate under tags  btcusd edge investments

A top-four Bitcoin address added an additional 3,706 BTC today, paying a total of $122,079,524 in the process. This equates to an average token price of $32,941 per BTC. Despite the ongoing market uncertainty triggered by Elon...

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