In-depth cryptocurrency market analysis. Expert insights on Bitcoin, altcoin price trends, technical indicators, and data-driven market predictions.
On-chain analyst Crypto Dan writes: "Bitcoin's realized market capitalization and UTXO life distribution metrics show that there hasn't been a full influx of new investors. We're still a long way from the top of the bull market." In other words, we haven't seen a frenzy of investment by retail...
Bitcoin's move above $55K is notable because it is only 25% away from its all-time high before being halved. We turned to crypto analysts to see what they had to say. Crypto on-chain analytics platform Santiment reports via X that "Bitcoin surged last night, hitting a high of $54,900 while the...
BAYC developer Yuga Labs has announced that it "will stop supporting marketplaces that do not guarantee royalties to NFT creators," according to The Block. The announcement, which comes ahead of the launch of MagicEden's Ethereum NFT marketplace, is aimed at BLUR, which has dominated the existing...
The cycle is just beginning, as evidenced by the new capital flowing into bitcoin. The realized cap of short-term holders is about 35% of the total realized market cap. There are many analyses of why bitcoin has rallied, but the most compelling argument seems to be the halving and ETF capital...
"The pre-halving rally has only recently begun, so a pre-halving correction is still weeks away," said crypto trader and analyst Rekt Capital, according to the Daily Hodl. "A pre-halving correction in bitcoin occurs between 15% and 20%. We believe there is two to three weeks of upside left."...
"EIP-4844 (proto-danksharding) is part of the upcoming Ethereum (ETH) Dencun upgrade, which will introduce a new transaction type, 'blobs,' that will effectively lower fees by allowing for greater scalability," said Sassal, founder of ETH transaction fee tracking platform The Daily Gwei, on his X...
Ethereum (ETH) is showing short-term bullishness and has temporarily reclaimed the $3,100 level. This is the first time since April 2022 that ETH has regained the $3,100 level. On Binance's USDT market, ETH is currently trading up 4.12% at $3,112.92. According to Wale Alert, 60,260 ETH were...
According to LookOnChain, "Crypto market maker Wintermute appears to have become a market maker for the ERC404 token standard project PANDORA. Five hours ago, the PANDORA team issued 100 PANDORA ($1.8 million) and transferred it to Wintermute". The ERC404 standard has become one of the hottest...
In its latest report, crypto financial services firm MatrixPort said, "The BTC price is expected to reach $63,000 in March. BTC spot ETFs have already seen $10 billion in inflows and this is likely to continue. In addition, BTC's pattern of gaining more than 32% in the two months prior to its...
As crypto fund EMC Labs reports via X, "As of February 21, the percentage of ETH addresses that are profitable was 94.8%, surpassing the percentage of BTC profitable addresses (92%). ETH balances on centralized exchanges (CEXs) continue to shrink. Currently, only 13.2 million ETH, or about 11% of...
Crypto data provider Alternative's self-assessed "Fear-Greed Index" rose two points from the previous day to 76. The improved sentiment moved the index from the greedy stage to the extreme greed stage. The index is a measure of extreme fear in the market, with a reading closer to zero indicating...
Steven McClurg, co-founder and CIO of Valkyrie Investments, told The Block that the firm is "open to the possibility of launching a spot ETF for XRP." "Cryptocurrencies are a new asset class, and it took us a long time to get to the point where we could launch a BTC spot ETF. There are a lot of...