Fueled by the wider crypto market uptrend, Tron (TRX) has climbed close to 12% in the last month. After a mild correction, however, the altcoin is trading below $0.28. Despite this, new data suggest that TRX has emerged as one of the most “resilient” crypto assets in a turbulent market, as it maintained proximity to […]
Bitcoin prices reached an all-time high of almost $112,000 on Thursday, May 22, following a 4% daily gain, according to Coingecko. The asset has now surpassed a peak of $109,500 on Wednesday and is in a new price discovery phase. It has also pushed total crypto market capitalization to $3.6 trillion. However, this remains below […]
Bitcoin’s surge to $106,000 earlier this week has been primarily driven by robust spot market demand, with Coinbase seeing net buying pressure of $45 million per day, according to Glassnode’s latest report. The rally, which began after the king cryptocurrency dipped to just below $75,000 in early April, has been marked by strong accumulation phases, […]
Following a relatively boring Friday and Saturday, bitcoin’s price went on the offensive on Sunday evening and shot up to its highest level since the end of January at $106,000. However, the bears were quick to step up at this point, and the asset plunged by two grand in an instant. BTCUSD. Source: TradingView Recall […]
The Japanese hospitality firm Metaplanet has disclosed record-breaking earnings for the first quarter of the year, primarily attributing the success to its Bitcoin treasury strategy. According to the firm’s Q1 Earnings Report, its Bitcoin strategy contributed 88% to its revenue of 877 million Japanese yen ($6 million). Metaplanet’s consistent BTC accumulation has also earned it […]
Ethereum’s price metrics are flashing signals that suggest that the long-awaited altcoin season (altseason) may be around the corner. According to a report by the market analytics platform CryptoQuant, the relative price of ether (ETH) compared to bitcoin (BTC) may have seen the bottom for this cycle. Previously, such low levels have been followed by […]
After last week’s triumphant surge past $100,000 following the promising news for a trade deal between the US and China, the current one began with another leg up for bitcoin but there was no all-time high despite the growing hopes. The meeting between the two great powers took place during the weekend, and they jointly […]
Around 26,500 Bitcoin options contracts will expire on Friday, May 16, and they have a notional value of roughly $2.7 billion. This week’s event is very similar to last week’s, as derivatives crypto trading has yet to pick up. Spot markets have seen solid growth with Bitcoin reclaiming six figures, but momentum appears to be […]
For the first time in more than three months, bitcoin (BTC) has reclaimed $100,000, rallying to a level just 3.6% shy of its all-time high (ATH). This surge comes as tariff tensions between China and the United States ease off, and macroeconomic conditions become positive again. According to a report from the crypto exchange Bitfinex, […]
TL;DR Bitcoin’s recent outflows from exchanges and other vital factors support the case for a push toward a new all-time high. However, the rising RSI suggests the asset may be overbought and vulnerable to a short-term pullback. New Peak on the Way? The price of the leading cryptocurrency has been booming lately, briefly climbing above […]