Crypto market sentiment can be gauged by a number of different factors. In 2018 global regulators stomped all over ICOs which pretty much ended the altcoin run but this year it could be Bitcoin mining giants that signal a waning…
Category: Crypto Analysis
Bullish for Bitcoin? World Gold Council Report Shows 61% Trust Hard Money Over Fiat
A new report by the World Gold Council shows that there is global demand for harder forms of money than fiat currencies. Such demand points to a bright future for Bitcoin given that it represents an even harder form of…
Ethereum Nears End of Consolidation Period as Big Move Looms on Horizon
Ethereum (ETH) has been trapped beneath its near-term resistance level at $190 for over a month and has shown few clear signs of gaining any notable momentum that will allow it to decisively propel past this level. Analysts are now…
Par for the Course: Bitcoin Difficulty Drop Actually a Bullish Sign
Bitcoin has once again found itself caught within a bout of consolidation as it ranges sideways above its key near-term support level at $8,700. Despite BTC’s recent sell-off that sent it reeling below $9,000, the cryptocurrency’s bulls have been able…
Will Biggest Blockchain Incubator Opening in Europe Benefit Cryptocurrency?
A group of blockchain-interested startups have joined forces to create a huge new incubator for startups in Paris, France. Known as the “The Garage”, the effort aims to enhance Europe’s position in the global blockchain industry. The Parisian headquarters will…
Bakkt Bitcoin Futures Print Three Consecutive Days of High Volume
After a dismal start, interest in Bakkt’s physically-settled Bitcoin futures is finally improving. The Intercontinental Exchange-backed venture has just recorded three consecutive days above $10 million in trading. The figures still lag far behind the 24-hour Bitcoin trading volume reported…
Vast Majority of Crypto Assets Lack Enough Liquidity To Make Good Investments
The crypto market first began with the advent of Bitcoin, but in just a decade’s time, thousands upon thousands of alternative crypto assets have been created. Many of these new-age altcoins have performed well for early investors, but the vast…
Bitcoin Mining Now Consumes A Quarter Percent Of Global Electricity
Bitcoin mining consumes a large amount of energy, and in return for the upfront electricity costs, miners are rewarded with a set amount of BTC for validating each block added to Bitcoin’s blockchain. As the crypto asset’s network grows in…
VeChain Price Surges 120% After Chinese Newspaper Mentions the Crypto
China’s largest newspaper refers to crypto asset VeChain as integral in the “From French Farms to Chinese Plates” food safety initiative. In a continuation of pro-blockchain sentiment, the People’s Daily publicize how blockchain is helping to restore consumer confidence in…
Bye-Bye Bitcoin? Why the Altcoin Bottom is In
Throughout 2019, Bitcoin has been mostly bullish, rising as much as 350% from trough to peak, all while the altcoin market has continued to bleed out further. However, according to one expert crypto analyst, long-term charts are suggesting that the…