Market Analysis

The total cryptocurrency market capitalization dropped 1.5% in the past seven days to rest at $840 billion. The slightly negative movement did not break the ascending channel initiated on Nov. 12, although the overall sentiment remains bearish and year-to-date losses amount to 64%. Total crypto market cap in USD, 12-hour. Source: TradingView Bitcoin (BTC) price

Bitcoin (BTC) price crashed to $15,500 on Nov. 21, driving the price to its lowest level in two years. The 2-day-long correction totaled an 8% downtrend and wiped out $230 million worth of leverage long (buy) futures contracts.  The price move gave the false impression to bears that a sub-$15,500 expiry on the Dec. 9

Bitcoin (BTC) spending an “unprecedented” period below a key moving average is a poor guide to the 2022 bear market. That was the opinion of analyst Superswell, who this week championed on-chain metrics as a way of understanding current BTC price action. “Business as usual so far” for Bitcoin bear market In a series of

After a whirlwind November for Bitcoin (BTC), certain on-chain and Bitcoin price metrics are suggesting that BTC’s bottom could occur in December. In Capriole Investments’ latest report, they provide analysis on Bitcoin finding the bottom. When taking into realized value, miner capitulation, mining electrical costs, downdraw and record hodler numbers, a BTC floor of $16,600

Bitcoin (BTC) price is showing notable resilience at the $17,000 level, and according to data from Glassnode, a number of metrics that track the pace of selling and the on-chain behavior of investors are beginning to show a reduction in the factors that trigger sharp sell-offs. The FTX bankruptcy fueled a historic sell-off resulting in

Bitcoin (BTC) cooled volatility above $17,000 into the Dec. 5 Wall Street open as traders confirmed upside targets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin traders warm to near-term upside Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it held overnight gains, having hit three-week highs. The weekly close itself was encouraging

Bitcoin (BTC) trades 24 hours a day, seven days a week. It is a market that never sleeps, and the BTC price is constantly changing. It doesn’t matter which currency or commodity is used to measure how much a bitcoin is worth — BTC is always live and the market is always open. It wasn’t

Bitcoin (BTC) has been stuck below the $18,600 resistance for the past 19 days and while bears successfully breached the $16,000 support on Nov. 21, the 8% range is pretty narrow for an asset class with 60% annualized volatility. This gives investors good reason to doubt that BTC price will hold its current gains leading

On Dec. 2, NFT Steez hosts Alyssa Expósito and Ray Salmond chatted with Victor Solomon to discuss his journey into bridging his in-real-life artwork into NFTs and how he cultivates the community and culture that surrounds it.  Solomon’s work centers around basketball, not just the object, but the sport itself. For Solomon, the inspiration for

Bitcoin (BTC) continued to hold key support on Dec. 2 as United States stocks fell on the Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY weakness offers hope of “Santa rally” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as bulls bought time between $16,800 and $17,000. Analysts had earmarked the

Disparities in information access and data analytics technology are what give institutional players an edge over regular retail investors in the digital asset space. The core idea behind Markets Pro, Cointelegraph’s crypto-intelligence platform powered by data analytics firm The Tie, is to equalize the information asymmetries present in the cryptocurrency market. Markets Pro bridges the

What is a sports fan’s dream come true? To be the announcer at an AC Milan home game, in front of 75,000 roaring Rossoneri fans? To play a football match on the hallowed turf of your beloved FC Barcelona? To tour the garage of an F1 team pre-race, then watch the Monza Grand Prix from

Bitcoin (BTC) briefly returned to $17,000 into Nov. 30 as monthly close volatility loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: $17,500 monthly close “most bullish outcome” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD following traders’ predictions to sweep higher levels before consolidating. Highs of $17,072 appeared on Bitstamp, with the pair

Bitcoin (BTC) hodlers have capitulated more than at almost any point in Bitcoin’s history this month. Data from on-chain analytics firm Glassnode confirms that the November 2022 BTC sell-off was the fourth-largest ever. Bitcoin investors see multi-billion-dollar losses In the latest edition of its weekly newsletter, “The Week On-Chain,” Glassnode got to grips with the impact

Bitcoin (BTC) held crucial $16,000 support into Nov. 29 as bulls weathered ongoing FTX fallout and macro triggers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader teases BTC long as $16,500 reappears Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD leaving lower levels untouched overnight. The pair had seen a flash downturn after the

Being three weeks removed from the FTX collapse, Bitcoin (BTC) analysts are combing through data to decipher whether more selling will continue or if a bear market floor has been reached.  One thing miners, short-term and long-term holders have in common is they are losing in the Bitcoin market right now. According to on-chain analysis