Markets

Ethereum tumbles 7% right after new all-time highs: Are ETH bulls in trouble?

The price of Ether (ETH), the native cryptocurrency of Ethereum, fell sharply as Bitcoin (BTC) corrected overnight on Jan. 20. Bitcoin price slid to as low as $34,000 on Binance, recording a 10% drop since yesterday’s peak. Bitcoin price chart with key levels. Source: TradingView.com, TraderXO Why did Ether price drop particularly hard? Ether has …

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Ether’s Rise to Record Highs May Propel Cryptocurrency to $10.5K: Fundstrat Global

Even after setting a new record high of $1,439 on Monday, the rally for Ethereum’s ether cryptocurrency may have only just begun, according to Fundstrat Global Advisors strategist David Grider. Basing his prediction partly on use cases for Ethereum’s blockchain technology, Grider wrote in a note Tuesday that ether has scope for a rally to …

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Bitcoin whales are betting $40K isn’t the top as data hints bull run is only beginning

Bitcoin (BTC) whales clearly expect massive price rises in future as the number of wallets containing over 1,000 BTC ($35 million) hits an all-time high. Data from on-chain analytics resource Glassnode confirms that as of Jan. 20, there were in excess of 2,400 large-balance wallets. Whale wallets hit record highs In 2021 alone, 164 new …

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Market Wrap: Bitcoin Hangs at $36.4K While Ether Flies to Over $1.4K

Trading action in the bitcoin market slowed Tuesday while ether’s price broke new ground. Bitcoin (BTC) trading around $36,483 as of 21:00 UTC (4 p.m. ET). Climbing 0.85% over the previous 24 hours. Bitcoin’s 24-hour range: $36,029-$37,876 (CoinDesk 20) BTC below the 10-hour but above the 50-hour moving averages on the hourly chart, a sideways …

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Pro traders go short as overbought derivatives propel Ethereum’s new high

Ether’s (ETH) performance over the past week has been nothing short of exceptional. The price rallied from a $905 low on Jan. 11 to a new all-time high at $1,440 on Jan. 19.  According to Cointelegraph, the main reasons fueling this move are the growth of decentralized finance (DeFi) protocols as the total value locked …

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Ethereum’s Ether Cryptocurrency Sets New Price Record on Major Exchanges

Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has broken its previous all-time price high, according to historical data on some major exchanges. Prices surged on Tuesday to reach $1,439.33 – that’s over Bitstamp’s recorded high of $1,420. Coinbase and Bitfinex have previous record peaks listed around the same level. At press time, …

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Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency

Stephen Harper, an economist and the former prime minister of Canada, said bitcoin could potentially see use as a reserve currency, but isn’t going to supplant the U.S. dollar’s international role. In an interview with Cambridge House’s Jay Martin on Sunday, Harper acknowledged that the dollar had been on a downtrend, but said there were …

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Chainlink Hits Record High, Altcoins Rally Amid Bitcoin Consolidation

Decentralized oracle network Chainlink’s LINK token and other prominent alternative cryptocurrencies (dubbed altcoins) are charting solid gains as the crypto market leader bitcoin takes a bull breather.  LINK set a new record price of $23.68 overnight and is changing hands near $21.73 at press time, a 7.3% gain on a 24-hour basis. The previous lifetime …

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Crypto Long & Short: No, Bitcoin Is Not in a Bubble

To think that such a festive concept, one that evokes both sophistication and childlike wonder, could become so financially charged … Last week, Bank of America Securities chief investment strategist Michael Hartnett said in a note that bitcoin looks like “the mother of all bubbles.” Harnett seems to be using the strength and speed of …

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