In today’s on-chain analysis, we are trying to answer the question of whether there are reasons to fear the ending of the ongoing Bitcoin bull run. We are looking at the activity of long-term hodlers who stopped selling their coins again in the last week. Futures contracts recently recorded an all-time high, but their relation to the spot positions points to a healthy reset. By contrast, the long-term HODL Waves and Dormancy Flow indicators – which have historically provided accurate peak… Source link

The Ljósafoss hydroelectric power plant in Iceland. The Nordic region is losing its edge in green Bitcoin mining, just as the industry faces growing scrutiny for its carbon emissions and everyone from Elon Musk to mom-and-pop investors pile in. Iceland, Sweden and Norway have been popular mining locations because of an abundance of geothermal, hydro and wind power. China, where most coins are mined, relies mainly on coal. That Nordic… Source link

Bitcoin trading on Coinbase.Source: TradingView Bitcoin (BTC) trading around $61,822.06 as of 20:00 UTC (4 p.m. ET). Slipping 2.62% over the previous 24 hours. Bitcoin’s 24-hour range: $60,033.53-$63,850.25 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin’s slowly recovering from the news of Turkey’s coming cryptocurrency payment ban, which caused the No. 1 cryptocurrency by market capitalization to… Source link

Litecoin has broken past its February high of $250 this week and it’s looking to get closer to the all-time high of $370. Despite a recent attempt to capture the $300 failing, bulls maintain a positive footing above the $263 handle. With both the main and alternative scenarios suggesting an imminent final leg in wave (5) of ⑤, it will be interesting to see where the bullish cycle completes. Multi-structural upside hints at impulse The main Elliott Wave scenario… Source link

With a 181.5% increase in the 24-hour chart, Dogecoin (DOGE) is breaking every resistance towards a new all-time high. On the other hand, Litecoin is showing strong momentum and, according to a trader, it could follow DOGE’s performance. Investing App Robinhood offers its users the possibility to trade with 6 cryptocurrencies: DOGE, Bitcoin, Ethereum Classic, Bitcoin Cash, Bitcoin SV, and Litecoin. Trader and analyst “Pentoshi” believes DOGE’s current price action is coming from… Source link

Bloomberg Britain’s Reopening Is a Boon for Outperforming Small-Cap Funds (Bloomberg) — As London’s shops and pub gardens reopen for the first weekend in three months, funds targeting smaller U.K. companies are among the best performers in Europe thanks to a rally in domestic stocks that benefit from Britain’s vaccine rollout success.Among Western European stock funds with $200 million or more in assets, the majority of the 10 best performers this year are focused on U.K. small caps,… Source link

TORONTO–(BUSINESS WIRE)–CI Global Asset Management (“CI GAM”) announced today that Canadian securities regulators have issued a receipt for the final prospectus of the CI Galaxy Ethereum ETF (“ETHX” or the “ETF”), the world’s first Ether ETF with the lowest management fee of any Ether ETF globally at 0.40%. ETHX is expected to start trading on the Toronto Stock Exchange (“TSX”) on April 20, 2021, subject to TSX approval. The ETF invests directly in Ether, the… Source link

The altcoin market has always been highly correlated to Bitcoin’s price and over the past week, this was quite evident. The short-term price correction that Bitcoin underwent affected many of the market’s altcoins. However, it didn’t do so uniformly. Monero [XMR] Source: XMR/USD, TradingView Monero’s price has seen significant gains over the past week amounting to over 26 percent, however, at the time of writing, the upward momentum seemed to be slowly dropping. At press time, the… Source link

Litecoin Climbs 10% In Rally Investing.com – was trading at $307.555 by 12:20 (16:20 GMT) on the Investing.com Index on Friday, up 10.18% on the day. It was the largest one-day percentage gain since April 10. The move upwards pushed Litecoin’s market cap up to $20.211B, or 0.91% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $19.138B. Litecoin had traded in a range of $265.892 to $307.555 in the previous twenty-four hours. Over the past seven days,… Source link

A physical imitation of a Bitcoin at a cryptocurrency “Bitcoin Change” shop, near Grand Bazaar, in Istanbul, Turkey on Sep. 24, 2020. AFP via Getty Images Bitcoin fell early on… Source link