Bitcoin analyst and co-founder of software firm Hypersheet Willy Woo believes that on-chain metrics show that BTC is not in a bear market despite observing “peak fear” levels. Speaking on the What Bitcoin Did podcast hosted by Peter McCormack on Jan. 30, Woo cited key metrics such as a strong number of long term holders (wallets holding for five months or longer) and growing … [Read more...] about ‘Peak fear’ but on-chain metrics say it’s not a bear market
Bear
Ethereum bulls retain hopes of $10K despite ETH price chart bear flag
Ethereum's native token Ether (ETH) looks poised to extend its selloff this week as it wobbles near a key support level of $4,000.ETH price dropped by over 5.50% on Dec. 6 to an intraday low at $3,913. In doing so, it slipped through upward sloping support that constituted an Ascending Channel that — more or less — appears like a Bear Flag, a bearish continuation setup.ETH/USD … [Read more...] about Ethereum bulls retain hopes of $10K despite ETH price chart bear flag
Ethereum ‘about to go parabolic’ against Bitcoin as analysts weigh BTC bear case
Ethereum’s Ether token (ETH) is due to launch a "parabolic" attack on BTC to beat all-time highs, one analyst believes.2-week predicts "crazy" ETH moveETH/BTC 1-month candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView shows ETH/BTC sitting near three-year highs — but its next move should be even stronger.Ethereum against Bitcoin is … [Read more...] about Ethereum ‘about to go parabolic’ against Bitcoin as analysts weigh BTC bear case
How November Bear Market-Proofed the Crypto Industry
This episode is sponsored by NYDIG.Download this episodeOn today’s episode, NLW breaks down investor Travis Kling’s recap of the biggest events in crypto from the month of November. He says two trends are huge capital raises and a focus on NFTs and the metaverse. Both, he suggests, make the crypto markets more resilient to future downturns.See also: Jack Dorsey Takes Square … [Read more...] about How November Bear Market-Proofed the Crypto Industry
Vladimir Putin says cryptocurrencies ‘bear high risks’
On Tuesday, Vladimir Putin, President of the Russian Federation, voiced his criticism at the "Russian Calling" investment forum in Moscow. According to local news outlet lenta.ru, the president made the following remarks, as translated by Cointelegraph:"It is not backed by anything, [and] the volatility is colossal, so the risks are very high. We also believe that we need to … [Read more...] about Vladimir Putin says cryptocurrencies ‘bear high risks’