Market Analysis

ETHPoW, a separatist proof-of-work (PoW) blockchain forked from Ethereum’s Merge, went live on Sept. 15. However, the chain suffered technical issues after the launch, which put downward pressure on its ETHW token.  ETHW price down 65% amid “ChainID” fiasco The price of ETHW has dropped by 65% since ETHPoW’s launch to around $14 on Sept. 16,

Bitcoin (BTC) exchanges have seen huge volumes this month as price declines lead to renewed interest in trading. Data from sources including on-chain analytics firm Glassnode shows exchange inflows hitting their highest since March 2020. “The scent of volatility is in the air” On Sept. 14, over 236,000 BTC made its way to the 11

The Ethereum Merge has finally happened. It’s over, and fortunately, it went smoothly without any major hiccups. As predicted by many, the event turned out to be a “buy the rumor sell the news” style event, or perhaps, the hotter-than-expected consumer price index print on Sept. 12 was the real catalyst that pushed the market

This is the second part of my column about the crackdown on insider trading involving crypto. In the first part, I discussed the criminal indictment of Nathaniel Chastain, a former product manager at the OpenSea NFT marketplace. I also discussed the SEC’s allegations against former Coinbase employee Ishan Wahi, his brother and his friend, based

Solana (SOL) ticked higher on Sep. 13, mirroring similar upside moves in the broader cryptocurrency market, led by Bitcoin (BTC) and Ether (ETH). On the daily chart, SOL’s price gained over 4% to $39, its best level in 3 weeks. The token’s intraday gains came as an extension of a prevailing uptrend that has seen

Bitcoin’s (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues. In a Twitter thread on Sept. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall. Despite many calling a new macro price bottom

Bitcoin (BTC) fell further after the Sept. 13 Wall Street open as the dust settled on unexpectedly high United States inflation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price eyes 9% daily losses Data from Cointelegraph Markets Pro and TradingView showed BTC/USD giving up $21,000, down up to 8.45% on the day. Bearish tendencies

There’s a version of the future that’s tantalizingly possible in which Ethereum becomes the base layer for pretty much everything. Recent advances in a technology called zero-knowledge Rollups — from StarkWare, Polygon and zkSync — enable the blockchain to move from fewer than 20 transactions per second to… well, an infinite number of TPS. In

Bitcoin (BTC) kept grinding higher at the Sept. 12 Wall Street open as traders called for an imminent correction. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $23,000 proves essential to flip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $22,481 on Bitstamp, its highest since Aug. 19. The pair had preserved existing gains

Bitcoin (BTC) has rebounded by 20% to almost $22,500 since Sept. 7. But bull trap risks abound in the long run as Elon Musk and Cathie Wood sound an alarm over a potential deflation crisis. Cathie Wood: “Deflation in the pipeline” The Tesla CEO tweeted over the weekend that a major Federal Reserve interest rate hike could increase

Terra has become a controversial blockchain project after the collapse of its native token LUNA and stablecoin TerraUSD (UST) in May. But its recent gains are hard to ignore for cryptocurrency traders.  LUNA rising from the dead? After crashing to nearly zero in May, LUNA is now trading for around $6, a whopping 17,559,000% price

Bitcoin (BTC) stayed higher into the Sep. 10 weekly close as optimistic forecasts favored $23,000 next. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $23,000 targets remain in place Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $21,730 on Bitstamp overnight — the most since Aug. 26. The pair managed to conserve its prior

Bitcoin (BTC) circled $21,000 at the Sep. 9 Wall Street open as newly-won gains endured. Meanwhile, the total cryptocurrency market capitalization has crossed back above the $1 billion mark.  BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price gives “confirmation” of trend change Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as its “short

Bitcoin (BTC) sought to overturn August resistance on Sep. 10 as whale buy-levels dictated BTC price action. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Whales provide short-term price ceiling Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new multi-week highs of $21,671 on Bitstamp. The pair capitalized on a short squeeze which began

The correlation between Bitcoin (BTC) and stock markets has been unusually high since mid-March, meaning the two asset classes have presented near-identical directional movement. This data might explain why the 10% rally above $21,000 is being dismissed by most traders, especially considering S&P 500 futures gained 4% in two days. However, Bitcoin trading activity and

Terra Classic (LUNC) has outperformed all top-ranking cryptocurrencies so far in September gaining nearly 100% in the past seven days alone. Terra Classic outperforms crypto market The token surged more than 250% month-to-date to reach $0.000594 on Sept. 8, its best level on record. Whereas Bitcoin (BTC) dropped 4% and Ether (ETH) gained only 3.5%