Bitcoin

The price of Bitcoin is still beneath its psychological level of $10,000 which is said to be a FOMO trigger for a notable cryptocurrency bull rally. However, data shows that retail FOMO is already rising and when this is the case, institutional interest is declining. Market participants are considering the adequacy of retail FOMO to initiate a new bull market as well as the necessity of institutions for a bigger push. Bitcoin has not met the expectations of market participants…

A few hours ago, Bitcoin attempted another rally to $10k, in which it attained $9,950 following the close of its candle on May 17. It could not attain the key $10k price point, since its correction to $9.9k. This move is yet to prompt a remarkable reaction from the derivatives market, possibly due to sellers’ deleveraging of their positions as they anticipated the current rally. According to the data provided by Skew.com, only $5 million was liquidated while the upsurge lasted…

Germany-based blockchain banking company Bitwala is now partnering with the pioneering decentralized finance (DeFi) platform known as Celsius to provide Bitcoin hodlers yearly interest of up to 4 percent. When users decide to utilize the Bitcoin Interest Account of Bitwala, the funds they deposit will be loaned to institutional borrowers through Celsius, allowing them to earn interest every week on their Bitcoin in BTC. The blockchain bank has integrated Celsius as it considers DeFi a new means of generating wealth,…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $264 billion. Bitcoin resurges after pre-halving scare drop and nears $10,000 level again. The Bitcoin halving took place on the 11th of May at block 630,000 Ethereum price rebounds and surpasses the $200 threshold again. XRP price recovers after a 7% drop last week to go over the $0.20 barrier Crypto Trends 11th -…

Many people still do not believe in cryptocurrencies, especially Bitcoin as some call it a bubble. This is exactly the belief of the authors of a book in recent times, where they noted that Bitcoin is a typical case of a market bubble whose value will decline remarkably, without regard to the fluctuations at the moment. The authors carried out a technical analysis, with a focus on price fluctuation, trading volume together with available signals and concluded that Bitcoin will continue to…

Bitcoin has been trying to surge past its current psychological price level ($10k) such that the two attempts in the past week were unsuccessful. The second attempt encountered serious rejection, leading to a decline to price levels as low as $9.2k, a level which has been attained several times within some days. Some investors have been heedful due to the lukewarm price action of Bitcoin and the possibility of additional downside movement, with a reference to its loss of the…

Bitcoin halving has been successfully completed after being heavily publicized and the emergence of several speculations regarding its possible influence on accumulation. Accumulation rates of cryptocurrencies have been rising for some time now, even following the event that reduced Bitcoin supply. The top holder model of Santifeed monitored the largest addresses for each ERC-20 token and it was realized that they were either hodling or accumulating greater total supplies over time. That is, the result shows that the majority of the…

Ethereum has been proving itself worthy where we have Bitcoin, the decentralized currency, but when it comes to price, it is still behind Bitcoin which is the largest crypto on the market. Since January 2020, Ether, the currency undertone of Ethereum, has been distinguishing itself from Bitcoin. Its price started skyrocketing when the year started but after the halving event of Bitcoin, it seems to be pulling away from it. After the halving event, the prices of cryptocurrencies started reacting immediately,…

Bitcoin price recently witnessed a sharp decline that led it to test the $9,200 lows. However, the bulls gained strength and were able to push the price back into the $9,500 region. This price volatility has made the crypto vulnerable to witnessing a further decline in the coming sessions. Notably, buyers aggressively confronted this deal with buying pressure, confirming that it does have some important support within the lower $9,000 levels. Some analysts have pointed out that the flagship cryptocurrency…