Follow the money. When big investors begin buying an asset, you’ll want to take note. And that’s what appears to be happening in the cryptocurrency market. Investors who own large quantities of a cryptocurrency are known as crypto whales. It’s not surprising that there are plenty of Ethereum (CRYPTO:ETH) whales since Ethereum is the second-largest cryptocurrency based on market cap. What might be surprising, though, is that Ethereum whales are buying… Source link

During the bearish 3-month period in the crypto market, the leading cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), have lost more than half their value, while other cryptocurrencies, such as  Litecoin and Axie Infinity, have lost around two-thirds of their value. But, on the flip side, this makes them tempting to buy, especially since they have been leaning on some important support zones. Can they reverse from here? Axie Infinity Daily Chart – The Third Support Level Below… Source link

by Analytics Insight February 1, 2022 This article features the latest update on cryptocurrencies like Cardano, Bitgert, and more. January was definitely one rough month for the crypto community, but February looks great. The crypto market opened in the green, with all big cryptocurrencies recording impressive gains from yesterday’s plunge. It looks like a good month and probably a bullish first week of February. Besides the price changes, there are also other updates from these… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Bitcoin’s dominance ratio – its share of the overall crypto market capitalization – is sitting at about 42%, having dipped below 39% mid-January, according to Denis Vinokourov, head of research at Corinthian Digital. This time last year, bitcoin’s dominance was at 62%. Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Arweave, which rose by over 44% in the last week, was once again in the green, trading over 10% higher on Monday. This comes as monero slipped in today’s session. Biggest gainers Following a bearish January, crypto markets began to rebound within the last week, with arweave being one of the biggest gainers in that period. To start the week, AR/USD is currently trading 10.32% higher, hitting an intraday peak of $39.81 in the process. This comes as the decentralized storage network… Source link

Bitcoin dipped to as low as $33,000 in January from a record of almost $69,000 less than three months ago. By Vildana Hajric and Akayla GardnerBloomberg Published On 31 Jan 202231 Jan 2022 Bitcoin is closing out a rough month, with January declines putting the digital coin on pace for its worst start to a year since the dawn of the 2018 “crypto winter.” The largest cryptocurrency by market value has notched only 11 up days this month, according to data compiled by Bloomberg, meaning that… Source link

Bitcoin (BTC) received a welcome boost at the Wall Street open on Jan. 31 as fresh research painted a gloomy picture for near-term price action. BTC/USD 1-month candle chart (Bitstamp). Source: TradingView Trader “not interested” in longs below $38,500 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing toward $38,000 on Monday, reversing a correction that had set in immediately after Jan. 30’s weekly close. With stocks giving some relief to bulls, many analysts remained… Source link

Despite the latest drop across the board for cryptocurrencies to start 2022, Ark Invest’s Cathie Wood is looking towards the long term and sees Ethereum reaching a $20 trillion market cap by the year 2030. The second leading cryptocurrency based on market cap has seen its price drop 30% so far in 2022. That comes after reaching its own all-time high in November along with bitcoin. Nonetheless, it’s important to see the forest through the trees. In the long-term horizon, Ethereum’s use… Source link