Every once in a while, a new indicator pops out that can be used to detect price tops and bottoms in the market. This assertion is even more evident in cryptocurrencies because the data comes from exchanges and on-chain data extracted from the blockchain.These indicators are constantly monitored and commented on by analysts and traders. Some of the lesser-known metrics use data … [Read more...] about Here’s how altcoin futures volumes and the USD lending rate signal market crashes
Bitcoin
Institutional demand for Bitcoin evaporates as BTC struggles below $31K
The rocky road that Bitcoin (BTC) has been on for the past two months continues as a widely predicted move downward materialized in the early hours on Monday and dropped the price of BTC below $31,000. Data from Cointelegraph Markets Pro and TradingView shows that a wave of mid-day selling pushed the price of BTC to a low of $30,400 before bulls arrived to provide support and … [Read more...] about Institutional demand for Bitcoin evaporates as BTC struggles below $31K
Malaysian police destroy crypto mining equipment
Police in Malaysia are alleged to have destroyed over 1,000 mining machines at the end of last week In a rather unusual incident, authorities in Malaysia have steamrolled millions of dollars worth of crypto mining equipment. A video clip doing the rounds on social media on Friday showed several ASIC mining rigs being destroyed. Initially, the clip led to confusion before it was … [Read more...] about Malaysian police destroy crypto mining equipment
Making Dogecoin your personality? AXE’s ‘Dogecan’ bodyspray is here
July 20, 2021, is a day all Dogecoin fans need to be aware of. From today, global perfume maker Axe is giving away limited edition Axe Dogecan. The package comes in a neat presentation box, but most of all, lucky recipients get that “48 hour crypto scent” that we all need in our life.The question on everyone’s mind is, what does it smell like? Let’s hope it isn’t like a damp … [Read more...] about Making Dogecoin your personality? AXE’s ‘Dogecan’ bodyspray is here
Bitcoin crashes below $30K, but on-chain data suggests accumulation is brewing
Despite Bitcoin (BTC) crashing below $30,000 for the first time in one month, on-chain metrics suggest whales may be steadily accumulating BTC.According to Glassnode’s Monday “The Week On-Chain” report, the Bitcoin reserves of centralized exchanges have continued to evaporate despite the recently sustained bearish momentum, with an average of 36,000 Bitcoin (worth roughly $1 … [Read more...] about Bitcoin crashes below $30K, but on-chain data suggests accumulation is brewing