Ethereum Demand Driven By Use In On-Chain Applications, Token Transfers: CoinShares

As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen my fair share of promising projects that have either flourished or floundered. Ethereum (ETH) is one such project that has undeniably made strides in the blockchain space since its inception in 2015. However, as CoinShares’ report suggests, the long-term … Read more

XRP Price Upside Fades: Is a Reversal on the Horizon?

As a seasoned analyst with years of experience navigating the volatile crypto market, I have seen my fair share of ups and downs. Looking at XRP‘s current situation, it appears that we are witnessing yet another dip below the $0.5880 support level. This is reminiscent of a rollercoaster ride, where just as you think you’ve … Read more

Ethereum Price Set to Rise Again, But Will This Level Hold?

The Ethereum price has initiated a decline after hitting a resistance at around $2,700. Currently, Ethereum is holding above the $2,550 support level, suggesting potential further growth may occur. Ethereum is aiming for a fresh increase from the $2,550 support. The price is trading below $2,620 and the 100-hourly Simple Moving Average. There is a … Read more

Bitcoin Price Sees Dip: Is the Uptrend Still Safe?

As a seasoned crypto investor with years of experience under my belt, I’ve seen Bitcoin rise and fall more times than I can count. The latest dip to $62,500 doesn’t faze me, it’s just another chapter in the rollercoaster ride that is Bitcoin. The price of Bitcoin dipped after hitting a peak at around $64,750, … Read more

Bitcoin Correlation With Gold Now At Highest Level Since March

As a seasoned researcher with years of experience observing and analyzing market trends, I find the recent surge in Bitcoin’s correlation with Gold intriguing. The 0.75 correlation between these two assets suggests a significant positive relationship that hasn’t been this strong since March, indicating that investors are increasingly viewing Bitcoin as a digital form of … Read more

Bitcoin Capped Below $65,000 As RSI Falls Below 80 In Monthly Chart: Should You Worry?

As a seasoned researcher with years of experience in the cryptocurrency market, I have seen Bitcoin’s volatile nature firsthand. While it is heartening to see the world’s most valuable coin steady at $63,500 and up 30% from August lows, the current situation warrants caution. At the moment, Bitcoin is holding strong with its value exceeding … Read more