A blockchain indicator tracking the flow of coins in and out of centralized exchanges is signaling a bearish shift in investor sentiment similar to the one seen before the May 2021 crash.Glassnode data shows the 90-day moving average of net exchange flows has turned positive, meaning more coins are entering exchanges than leaving.Sustained net inflows, if any, would be a cause … [Read more...] about Bitcoin’s Net Exchange Flows Flip Bearish As Cryptocurrency Struggles For Directional Bias
Could Bored Ape Yacht Club flip CryptoPunks?
Rising from its modest minting price of 0.08 Ether (ETH), Bored Ape Yacht Club (BAYC) has climbed to nonfungible-token (NFT) stardom, competing with one of the earliest examples of Larva Labs CryptoPunk NFT. Given its steady but amplified growth, BAYC has many crypto natives speculating that its collection will eventually “flip” CryptoPunks, and there are several reasons to … [Read more...] about Could Bored Ape Yacht Club flip CryptoPunks?
Ethereum price flirts with $3,400 amid a potential bearish flip
ETH/USD looks primed for new gains after rebounding above a key support zone, though fresh losses loom if a bearish technical indicator confirms in the coming days Ethereum price is hovering just below $3,400 at time of writing, with the cryptocurrency 2.9% in the green according to data from CoinGecko. The immediate outlook for the coin suggests bulls could see more gains … [Read more...] about Ethereum price flirts with $3,400 amid a potential bearish flip
3 reasons why Ethereum is unlikely to flip Bitcoin any time soon
After a 13% rise in two days, Bitcoin's (BTC) market capitalization surpassed $800 billion to reach its highest value in 79 days. During the same timeframe, Ether (ETH) accumulated a 45% gain in two weeks, placing the network's market capitalization at $340 billion. Positive expectations for the London hard fork and its potential deflationary effect undoubtedly played a role, … [Read more...] about 3 reasons why Ethereum is unlikely to flip Bitcoin any time soon
Bitcoin and Ethereum hit resistance with $42.5K flip needed for BTC longs
Bitcoin (BTC) and Ether (ETH) are due for a “huge” move, but short-term signals suggest a correction, an analyst warned on Friday.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBuy into resistance? “Not interested”Data from Cointelegraph Markets Pro and TradingView showed both BTC/USD and ETH/USD acting near critical range resistance as the week drew to a close.A … [Read more...] about Bitcoin and Ethereum hit resistance with $42.5K flip needed for BTC longs