Bitcoin (BTC) markets have been consolidating since the beginning of the year, but on-chain metrics are painting a more positive picture as more of the asset is becoming illiquid. On-chain analytics provider Glassnode has been delving into Bitcoin supply metrics to get a better view of the longer-term macro trends in its weekly report on Monday. The findings revealed that although the asset has been trading sideways so far this year, more BTC has become illiquid. There has been an… Source link

Ethereum’s native token Ether (ETH) has plunged by more than 20% after establishing its record high at around $4,867 on Nov. 10, 2021. Nonetheless, the sharp price pullback does not mean ETH can’t pursue a new record high in the next few months, as several widely-tracked technical, macroeconomic, and on-chain indicators suggest.  One of these indicators envisions Ether’s price reaching $5,000 in the first quarter of 2022 while others look are poised to support the bullish bias. ETH price… Source link

Ripple coin and Litecoin have been among the most bearish cryptos since the crash in May-June last year. The cryptocurrency market has made some enormous gains since then, but these two coins have been missing the bullish times. Now that the market has turned bearish again for the last two months, Ripple and Litecoin remain weak, but at least they have found support, so let’s see if they can make a bullish reversal soon. Ripple Daily Chart Analysis – $0.80 Has Turned into a Support Zone… Source link

Bitcoin (BTC) is in line for “explosive” price action as derivatives markets return to form in 2022, a new forecast states. In a tweet on Jan. 4, Vetle Lunde, an analyst at Arcane Research, confirmed that BTC denominated open interest (OI) had returned to all-time highs seen in November. Open interest demands “fireworks” within weeks Bitcoin futures and options have taken a beating during the end-of-year BTC/USD retracement, but as the holiday period ended, consensus began to form around a… Source link

Ethereum (CRYPTO:ETH) is one of the most established cryptocurrencies available today and a leader in building utility into cryptocurrencies. The market has rewarded this position with Ethereum’s market cap standing at about $450 billion at this writing.  As successful as Ethereum has been, competing cryptocurrencies are trying to improve on its biggest flaws. If Ethereum loses its user base and developer lead, it could crash Ethereum’s value. Even… Source link

Cryptocurrencies are still early in their journey; Ethereum (CRYPTO:ETH) has been among the first cryptos to emerge as a “blue chip,” mainly due to the broad adoption of its blockchain network, where there are more than 3,000 projects, called decentralized apps (DApps), operating. Ethereum is second only to Bitcoin in market cap. But being a first-mover in a space doesn’t mean you keep your crown, and alternatives have emerged to challenge Ethereum…. Source link

Now, the onus was on the king coin to flip the broader sentiment after re-entering the $46,000-zone. While ‘Extreme fear‘ lingered around the market at press time, Cardano and Litecoin flashed weak near-term technical indications. Buyers needed to ramp up volumes to skew the momentum in their favor. On the contrary, NEAR saw exponential gains over the past day and poked its ATH on 04 January. Cardano (ADA) TradingView, ADA/USDT ADA’s ascending wedge (white) tilted after it saw a sharp… Source link

Cardano (ADA), Solana (SOL), Binance Coin (BNB), Bitgert (BRISE), or Litecoin (LTC) – Which Crypto has Progressed the Most in 2021? With the rise in crypto investments, investors are seeking the best possible option for 2022. Auditing 2021 is crucial for better investment in 20212. All the cryptocurrencies that ended the year with growth made some significant progress in constructing their projects. This comparison between these five best crypto shows which one progressed the most. Take a… Source link

Ethereum and Bitcoin have battled it out for the number one and two spots in the market cap rankings for what seems like forever in the crypto industry. Now, with new bullish narratives emerging for Ethereum, many are pondering whether Ethereum can finally flip Bitcoin in market cap and take the number one spot. Also known as ‘The Flippening’, Ethereum surpassing Bitcoin’s market cap would be a monumental turning point in the cryptocurrency industry. Coin Rivet looks at whether Source link

Mainstream banks outside the U.S. are sampling cryptocurrencies, offering customers ways to invest and store bitcoin and other digital assets.  Banco Bilbao Vizcaya Argentaria SA BBVA 1.36% —Spain’s second-largest lender by assets, with operations in Latin America and Turkey—allows customers to hold, buy and sell bitcoin and ether through a digital account. Australia’s largest bank, Commonwealth Bank of… Source link