Bitcoin accumulation patterns continue to point to the fact that the recent rally might not be ending anytime soon. Investors have continued to hoard assets as the volume of bitcoins sent to exchanges to be sold off or traded falls below the accumulation rate. Outflows from exchanges have continued to exceed inflows into exchanges. Signaling accumulation patterns rather than sell patterns. Related Reading | On-Chain Expert Predicts $162K Bitcoin Peak This Cycle Wednesday saw the price of… Source link

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week   Square to acquire Australian fintech Afterpay in $29B deal Jack Dorsey’s digital payments firm Square entered into a $29 billion stock deal to purchase Australian buy now, pay later (BNPL) firm Afterpay… Source link

This week Ethereum’s London hardfork was completed without a hiccup and investors have now reset their eyes on new highs above $3,100. Data from Cointelegraph Markets Pro and TradingView shows that the price of Ether (ETH)  did in fact experience a “sell the news” sell-off shortly after London went live but dip buyers quickly rushed in and pushed its price back above $2,800, its highest level since June 7. This bullish momentum extended further after Bitcoin price surged above $44,000… Source link

Ethereum (CRYPTO: ETH) successfully implementing the controversial London hard fork this week reassures the blockchain’s co-founder Vitalik Buterin that the network will easily transition to proof-of-stake (PoS) and cut most of its energy consumption. What Happened: During an interview with Bloomberg published on Thursday, Buterin said that the success in applying the London network upgrade is “proof that the Ethereum ecosystem is able to make significant changes,” hinting at the network’s… Source link

Ethereum (CRYPTO: ETH) saw another major price uptick reaching levels not seen since the month of its all-time high following a positive change in its fundamentals which attracted investments. What Happened: According to CoinMarketCap data, Ether saw its price climb nearly 14.2% higher from its 24-hour low of $2,769 to a high of $3,162, before settling at its current price of $3,109 as of press time. The price uptick is accompanied by healthily growing trading volumes, which followed the… Source link

Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19-crash.  Meanwhile, there are increasing speculations that BTC could undergo a similar upside boom like the one that began in October 2020. Bitcoin reached $44,600 before correcting lower on profit-taking sentiment. Source: TradingView.com At least two indicators expected Bitcoin to pursue massive uptrends. The first one was Glassnode’s Entry-Adjusted Net Unrealized Profit/Loss that… Source link

Most market altcoins rallied on the back of decent on-chain activity over the past fortnight. While many of these cryptos hiked as anticipated, Litecoin took many in the market by surprise. It was not just the price gains, but the general growth from an on-chain perspective as well. Ergo, the question – Can there be anything more to that?  These numbers paint a bullish picture  Price-wise, at the time of writing, Litecoin was holding up well with weekly gains of almost 6%. Curiously,… Source link

Ethereum’s native asset Ether (ETH) crossed above $3,000 in an extended upside rally on Aug. 7, hitting a three-month high. Nevertheless, the cryptocurrency’s incredible move upside also boosted its possibilities of facing a bearish backlash. An on-chain indicator that tracks the total percent of Ethereum addresses in profits predicted the said downside outlook. In detail, the so-called “Ethereum: Percent of Addresses in Profits” indicator by Glassnode reached 96.4% amid the ETH/USD price… Source link