A closely followed crypto analyst is comparing the performance of Bitcoin (BTC) and gold in response to views that the precious metal fares better than the flagship cryptocurrency as a safe haven asset. In a new video, the host of a prominent crypto channel InvestAnswers addresses reports claiming that current geopolitical tensions show that Bitcoin […]

The post Is Bitcoin a Failed Safe-Haven Asset? InvestAnswers Looks at Performance of BTC Against Gold appeared first on The Daily Hodl.

One-third of Americans could own bitcoin by the end of 2022. The U.S. government will want to appease this voting bloc with favorable policies toward bitcoin.

Bitcoin bulls face a number of headwinds, ranging from dwindling demand on-chain, to over 4.7M BTC held at an unrealized loss. In this edition, we explore this potential sell-side energy carried by underwater investors.

A popular crypto analyst is setting long-term price targets for an Ethereum (ETH) competitor based on optimistic predictions about ETH’s future. In a new strategy session, the host of financial education YouTube channel InvestAnswers first shares with his 410,000 subscribers an Ethereum chart from Coinstack’s Ryan Allis. The chart plots out significant rises in valuation […]

The post Crypto Analyst Makes Bullish Solana (SOL) Predictions for Each Year Until 2030 – Here Are His Targets appeared first on The Daily Hodl.

As Bitcoin prices bounce from multi-month lows, we investigate the likely driving mechanisms, and evaluate the quality of support provided in the $30k-$40k range.

There is an interesting human trait that causes people to grasp and believe any argument, no matter how asinine, when it criticises something they do not like. It is an odd bit of human nature that we see in everything that is tribal that causes a division in people, whether religion or politics or video […]

The post Is Bitcoin Mining REALLY Bad for the Environment? appeared first on Coin Bureau.

The latest grim milestone for the U.S. economy means that its national debt total is now 4,000% larger than the Bitcoin market cap.

Bitcoin enters its 82nd day of the prevailing drawdown, as derivatives traders bet on further downside. Meanwhile, on-chain demand models suggest a more bullish undertone is in play.

ARK invest claims both BTC and ETH market caps will reach $20 trillion by 2030 because the decentralized finance applications built on Ethereum are flipping the traditional financial service providers as we can see further in today’s latest altcoin news. A new report by Ark Invest claims that Ethereum’s market cap in the next few […]

Bitcoin, the largest cryptocurrency recently gathered some strength to push outside the resistance zone. At press time, BTC surged more than 4% to reach the $37.7k mark. This might sound decent however, the king coin suffered major blow from its previous ATH, $64k last year. Indicators still signal at a bearish trend concerning BTC. Fear […]

As Bitcoin price are cut in half from the ATH, the market experiences a large onchain capitulation event, with $2.5B in net realised losses. In response we analyse whether a macro bear has taken the reigns.

Bitcoin, the top asset in the industry has noted a sharp fall in prices over the last 24 hours. At press time, the king-coin depreciated by almost over 9.7%. Bitcoin dropped its value by almost $7,000 and was exchanging hands at $38,233.95. This marked an almost six-month low for the coin. This price level is the lowest ever since the first week of August last year. Following Bitcoin’s price action, altcoins followed suit as a majority of them were seen trading in the red at the time of writing. The global cryptocurrency market cap was at $1.95 trillion after a considerable fall of about 7.7% over the past day. The global crypto cap hadn’t dipped below the $2.11 Trillion mark in over 3 months now. This major plunge in value across the broader cryptocurrency market had caused roughly $200 Billion to leave the market. Ethereum, which is the second-largest cryptocurrency in regards to market capitalisation also registered a tumble of about 8% in the last 24 hours. Related Reading |TA: Bitcoin Dives Below $40K, Why Bulls Could Struggle In Near Term What Could Have Potentially Caused This Big Dump The bears had taken over the market, however, it isn’t safe to assume that the market would continue with a bearish outlook just yet. This could also be a price correction from which Bitcoin and major altcoins might recover over the upcoming trading sessions. This retracement in Bitcoin’s prices from $43,000 could have happened for a number of reasons. Needless to say, crypto markets are volatile, however, current price movements of the major cryptocurrencies can be tied to a couple of recent developments in the crypto space. This sudden substantial sell-off in prices could have been caused due to stock market weakness after the US Federal Reserve introduced high-interest rates and tapered the stimulus. The Fed hiking the interest rates in the form of tightening the overall monetary policy has, in turn, affected the unregulated market of cryptocurrencies. The cryptocurrency industry has also suffered the pangs of other recent regulatory measures. The most recent one is Russia’s blanket ban which has rocked the global cryptocurrency market. Other regulatory measures which have been set in motion to curb the rapid growth of digital asset has also had negative effects on the prices. Securities and Exchange Commission has signaled at scrutinising cryptocurrency exchanges. Environmental factors have also raised eyebrows of regulatory bodies, European Securities and Markets Authority (ESMA) wishes for the EU to ban the proof-of-work model. All of the above-cited reasons have sent shock waves across the crypto industry causing the fear index to point at 19, a number that corresponds to “Extreme Fear” in the market. Related Reading | TA: Ethereum Nosedives, Indicators Show Signs of Larger Downtrend Bitcoin Price Analysis: Crucial Trading Levels to Watch Out For Bitcoin was priced at $38,233.95 after the coin nosedived close to 9% at press time. The asset flashed a death cross, which is considered to be extremely bearish in nature. The prices were beneath the 20-SMA line, indicating that sellers were responsible for driving the price momentum in the market. Source: BTCUSD on TradingView.com The Relative Strength Index hurtled as it reflected the excessive selling pressure in the market. Currently, Bitcoin’s RSI was hovering beneath the 25-mark which meant that the asset was oversold and undervalued. The support level for the coin stood at $37,982.40 and a push from the bears could make BTC trade at that aforementioned level. The Average Directional Index was near the 50-mark, implying a strengthening of the current price trend in the market. The resistance price level for the coin was $39,829.16. Featured image from The Motley Fool, chart from TradingView.com