In the past two decades, index and exchange-traded funds (ETF) have become some of the most popular forms of investing because they offer investors a passive way to gain exposure to a basket of stocks as opposed to investing in individual stocks which increases risk of loss. Since 2018, this trend has extended to the crypto sector and products like the Bitwise 10 Large Cap … [Read more...] about Just HODL! Bitcoin and Ethereum outperform ‘lower risk’ crypto index funds
Bitcoin
Price Analysis: Bitcoin (BTC), Ethereum (ETH), Tezos (XTZ)
BTC, ETH, and XTZ have all rebounded above critical support levels, but remain vulnerable to downward pressure Ethereum’s ETH has correlated highly with BTC in 2021, and the latter’s uptick on Thursday also saw ETH/USD surge to break above $2,000. Popular crypto trader Michael van de Poppe suggests Bitcoin’s reclaiming of support at $31,000 could help it surge to $40k. … [Read more...] about Price Analysis: Bitcoin (BTC), Ethereum (ETH), Tezos (XTZ)
Decoupling ahead? Bitcoin and Ethereum may finally snap their 36-month correlation
Anish Saxena, a New Delhi-based automobile dealer, made "incredible" profits by investing in cryptocurrencies in 2020, just as his business took a hit from the coronavirus pandemic-induced lockdown."I had known about Bitcoin and Ethereum and dozens of other assets for years," the 33-year old businessman said. "But I only got to invest in them after the lockdown pushed me and my … [Read more...] about Decoupling ahead? Bitcoin and Ethereum may finally snap their 36-month correlation
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
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