This on-chain metric suggests Bitcoin’s next big rally may just be getting startedBTC $10,807 (+9.5%) • ETH $323 (+4.8%) • XRP $0.223 (+3.4%)
After a prolonged period of sideways trading, Bitcoin’s volatility is starting to return to normal levels, with the cryptocurrency now venturing towards the top of its macro trading range. Overnight, buyers were able to send BTC’s price flying past the five-figure price region, although it faced a firm rejection at $10,200 that caused its price to slide back below $10,000. Throughout 2020, Bitcoin has broken above $10,000 on countless occasions, with each one proving to be fleeting and followed by further downside. One indicator is showing that this time may be different. A measurement of on-chain economic activity suggests that long-term investors aren’t selling at the moment – unlike previous breaks above this crucial psychological price level. More news ⏬As Ethereum rips past $300, Canada is getting its own publicly-traded ETH fund
It’s been an explosive past few days for Ethereum. Thanks to our premium sponsors⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. In the DeFi world, Yearn.finance distribution concluded – what’s next for YFI?
YFI, the governance token of Yearn.finance, is the fastest DeFi growth story in the history of cryptocurrencies. As Ethereum skyrockets, 71% of ETH addresses are now in profit, setting a two-year high
Ethereum’s surge to over $300 on Saturday created the most profits for holders in over two years; if on-chain data is considered. Ripple (XRP) explains how crypto is more crucial in a post-pandemic world
Digital currencies might play an important role in the years ahead, particularly as global economies recover from the ill-effects of the ongoing pandemic. A new Ethereum DeFi token is literally up 100,000% in a week: VC
After a parabolic rally, the Ethereum decentralized finance (DeFi) market experienced a blow-off top over the past week. Mining pool co-founder on Bitcoin mining centralization, ‘death spirals’, and money printing
CryptoSlate recently sat down with Ethan Vera, the CFO of Luxor Mining Pool and a former investment banker at Goldman Sachs. Chainlink (LINK) taps South Korea’s biggest banks to bolster forex and DeFi
Financial market data from South Korean banks will now feature on Chainlink’s decentralized oracles services, as announced at an event in Seoul on Friday. Cardano (ADA) rockets to fresh 2020 highs; Here’s what’s behind this movement
Cardano’s price just set a fresh 2020 high. Top investor expects the billions locked in Bitcoin forks to flow to BTC or DeFi
Love them or hate them, some of Bitcoin’s biggest forks still have a market capitalization in the hundreds of millions or even billions. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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