As of December 20th, 2020, Ethereum is positioned to undergo a transformational year in 2021, underpinned by its ongoing transition to Ethereum 2.0 and a rapidly growing decentralized finance (DeFi) ecosystem. The fundamentals driving Ethereum’s potential for 2021 remain robust, especially in the context of network upgrades, institutional interest, and…
After Bitcoin’s rise, Ethereum resumed its bullish momentum, recording an impressive 18% increase over the past week. It surged to a new yearly high, currently trading around $666, marking a 12% overnight gain. As of now, Ethereum’s market capitalization stands at approximately $75 billion. This is the highest price Ethereum…
XRP is facing challenges as it searches for a breakout despite some recent developments in the market. Currently, it appears to be consolidating as it looks for further opportunities to rise, especially against Bitcoin. Key levels of resistance include $0.6, $0.7, and $0.8, while support is expected at $0.5, $0.4,…
As of December 5th, 2020, Bitcoin has been exhibiting significant bullish momentum, surpassing key psychological levels and approaching its previous all-time highs. This price surge has been driven by a combination of macroeconomic factors, institutional adoption, and increasing interest in Bitcoin as a hedge against inflation. As we move into…
Ethereum has been consolidating over the past five days, struggling to close a daily candle above the critical $456 resistance level. The price is currently testing the upper boundary of a rising price channel. A breakout above $462.50 could signal the start of a strong bullish rally, potentially targeting new…
After breaking June 2019’s 15-month high just four days ago, Bitcoin is approaching a critical zone, eyeing a new high not seen since January 2018. As of the latest updates, the first U.S. election results are beginning to pour in, and Bitcoin is exhibiting behavior similar to that seen during…
XRP saw a modest 1.6% price increase today, though it remains constrained by the 200-day EMA resistance. Following a drop beneath the symmetrical triangle pattern at the end of October, XRP has continued to face downward pressure. Against Bitcoin, XRP is currently trading near its 3-year lows. XRP dropped beneath…
Bitcoin’s price continues its bullish run, reaching a new high for 2020. After wicking up to $13,500, Bitcoin has set a fresh milestone, but crucial levels need to be maintained for the upward trend to continue. Currently, Bitcoin bulls are attempting another breakout as prices surge above the 0.618 Fibonacci…
Crypto assets are capturing the attention of major financial players as they demonstrate positive movement, particularly this week. This shift is evident in the increasing Open Interest on one of the world’s largest exchanges, the Chicago Mercantile Exchange (CME), which has surpassed Binance in this key metric, taking the second…
2020 has proven to be a challenging year for both the planet and the global financial system. Issues such as the Australian wildfires and the ongoing COVID-19 pandemic have wreaked havoc worldwide, deeply impacting various sectors. However, while many industries have suffered, some have thrived and especially fintech companies and…
Bitcoin has managed to dodge all three unfilled CME gaps this week, successfully pushing past the $13,235 mark for the first time since July 10, 2019, marking a 469-day high. This remarkable 11% surge was sparked by PayPal’s announcement that it would soon enable Bitcoin and other cryptocurrencies for payments.…