While bitcoin appears to be pulling the broader market higher right now, ether may take the lead in the coming weeks.Ether-bitcoin’s (ETH/BTC) weekly chart shows a bull pennant – a technical pattern marked by converging trendlines, indicating an impending continuation of the ether-bitcoin ratio’s upward move from 0.023 to 0.08 seen early this year.A move above the upper … [Read more...] about ETH-BTC Chart Points to Ether Leadership Ahead
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Reddit to reportedly tokenize karma points and onboard 500M new users
American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. As Cointelegraph … [Read more...] about Reddit to reportedly tokenize karma points and onboard 500M new users
Veteran trader points out bearish ‘CME gap’ as Bitcoin, Ethereum take a hit
Veteran trader points out bearish ‘CME gap’ as Bitcoin, Ethereum take a hit Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitcoin · Ethereum › AnalysisCrypto markets saw familiar downside on Friday, ahead of the weekend. Meanwhile, one trader pointed out an unfilled 'gap' in the CME futures market, which … [Read more...] about Veteran trader points out bearish ‘CME gap’ as Bitcoin, Ethereum take a hit
Bitcoin price is fragile, but on-chain data points to fresh accumulation
The May 19 crypto market sell-off saw $1.2 trillion in value erased from the total market capitalization as the froth and excess leverage of over-hyped markets was quickly eliminated. But similar to a forest fire, whose destructive power is essential to the rejuvenation of a forest's ecosystem, dramatic market shake-outs are a vital part of the full life cycle of a developing … [Read more...] about Bitcoin price is fragile, but on-chain data points to fresh accumulation
Bitcoin Failing to Recapture the 200-Day MA Points to a Bear Market
Bitcoin has traded below the 200-day moving average for over a weekThe moving average is now a resistance zone for Bitcoin around the $40k price levelBitcoin is also trading below the 6-month moving averageBTC’s bullishness is hinged on reclaiming these two MAs otherwise a bear market will ensue Bitcoin might have entered a bear market based on the fact that the King of Crypto … [Read more...] about Bitcoin Failing to Recapture the 200-Day MA Points to a Bear Market