ETH now trades at a two-month high. The number of short positions liquidated on 20th May represented the coin’s single-day highest since the beginning of the year. Ethereum [ETH] has rallied to a two-month high after Bloomberg analysts increased the odds of the Ethereum Exchange Traded Fund’s (ETF) successful launch. In a post on X…
The Puell Multiple needs to rise at least three times more before Bitcoin can hit the top. On-chain data, backed by the MVRV difference, indicated that BTC might surpass $85,000. Bar the recently concluded week, Bitcoin [BTC] found it hard not to produce a red candlestick in a seven-day timeframe since April. As a result…
Bitcoin saw a sharp rally in early May. The drop below the SSR oscillator bands was seen then- but will we see an extended rally hereon? Bitcoin [BTC] was trading at $67k at press time and threatened to break out past the range that it consolidated within over the past month. Fears around sell-offs around…
Fantom, Chainlink, and Bonk were the biggest winners of the week. Worldcoin, dogwifhat, and Etherna had the biggest losses of the week. Bonk [BONK] remained one of the top gainers for another week, while Chainlink [LINK] made a comeback after being absent for a long time. In contrast, Worldcoin [WLD] had a poor week, landing…
A 0.75 correlation coefficient showed Solana’s movements closely align with Bitcoin’s price. Negative sentiment around BTC and SOL could hinder immediate price gains. Solana’s [SOL] price could be set for a new All-Time High (ATH) according to Daniel Cheung, the co-founder of Syncracy Capital. Cheung posted this on X (formerly Twitter). According to him, Bitcoin’s…
ETH could be close to its bottom after the transaction size failed to spike. While the price might slip, traders are convinced of a quick recovery. On the 19th of May, AMBCrypto observed that Ethereum’s [ETH] average transaction size had fallen to $2,767. This was a 54.13% decline from the metric when the month began….
LINK’s network activity increased along with its price. Most metrics indicated a continued price rise, but a few suggested otherwise. Chainlink [LINK] has gained much traction of late as its price rallied substantially during the last week. Interestingly, the token’s popularity rose while Bitcoin [BTC] dominance witnessed a slight drop in the recent past. Let’s…
Coinbase analyst sees a 30-40% chance of approval for Ethereum ETFs. Ethereum’s dominance and performance are at a low, suggesting a need for positive development soon. It is generally believed that the U.S. SEC will not approve any applications for the spot Ethereum [ETH] ETF due to several factors pointing to the fact that the…
ETH was up by more than 6% over the last seven days. A few of the metrics suggested that the bullish momentum might not last. Ethereum [ETH] caught investors off guard as its price gained bullish momentum on the 17th of May. While the token’s price moved up, it broke above a bullish pattern that…
Bitcoin’s total fees have dropped to a three-month low. Due to this, miners’ revenue derived from fees has declined. Bitcoin [BTC] network fees have fallen to a record low as the Layer 1 (L1) transaction volume continues to decline. In a post on X (formerly Twitter), on-chain data provider IntoTheBlock noted that transaction fees on…