Author: Maria
As the crypto market gears up for a potential bull run in 2025, analyst IonicXBT has shared his comprehensive guide on how to identify the Bitcoin market top in this cycle. The analysts’ guide is based upon the SOPR (Spent Output Profit Ratio), one of the lesser-known but highly useful metrics for analyzing Bitcoin. IonicXBT Detailed SOPR Metric Guide IonicXBT on X (formerly twitter) told his 125,000 followers that the SOPR metric has consistently accurately predicted the tops of previous crypto market cycles, citing instances of 2018 and 2021. The SOPR is a metric that tells us whether the average…
Bitcoin and the rest of the crypto market have been trading sideways for the better part of the year now. However, the tide is starting to turn as there could be a recovery trend for the crypto market very soon. To this end, a crypto founder has identified the best and worst times to be an investor in Bitcoin and other cryptocurrencies. Going by his prediction, the worst could be over for Bitcoin, and the market could be for a great time soon. Best And Worst Time To Be In Bitcoin Charles Edwards, founder of digital assets-focused hedge fund Capriole…
Data shows the Ethereum ecosystem has continued to remain number one in terms of development activity, ahead of the likes of BNB and Polygon. Ethereum Ecosystem Saw 0.8% Growth Over Past Year In a new post on X, the analytics firm Santiment has discussed how the growth in the development activity for the various cryptocurrency ecosystems has compared against each other over the last twelve months. The “development activity” here refers to a metric that basically tells us about the total amount of work the developers of a given project are putting in on its official GitHub repository. In the…
As the Ethereum ecosystem continues to evolve, it is crucial to understand how to navigate the decentralized environment. However, a market expert offering insights on the subject has disclosed that Ether (ETH) is the key to exploring the ecosystem, suggesting that holding the altcoin is crucial for those aspiring to get on board. Significance Of ETH In Ethereum’s Ecosystem Educator and founder of the Daily Gwei, Anthony Sassano in a recent post on X has disclosed ETH’s pivotal role in empowering the decentralized ecosystem of Ethereum while labeling it the entry ticket. The educator’s objective that ETH is the entry…
Larry Fink, the founder and Chief Executive Officer (CEO) of BlackRock, the world’s largest asset manager, has admitted to being wrong about his previous views on Bitcoin. While reversing his former stance on the pioneer cryptocurrency, the renowned CEO lauded praises for the cryptocurrency, underscoring its incredible growth over the years. BlackRock CEO Confesses Misjudgment On Bitcoin In a recent interview with CNBC TV, Fink publicly disclosed that he was once a “proud skeptic” of Bitcoin, doubting the cryptocurrency’s value and long-term role in the financial sector. Like many in the financial sector who underestimate BTC’s potential, Fink had also…
The Ethereum network, one of the leading blockchain solutions has once again taken a hit as the network’s average staker revenue over the past few days has witnessed a sharp decline, indicating a decrease in users’ or stakers’ interest and engagement. Ethereum’s Stakers Face Dimishied Returns In a negative development, the average revenue of Ethereum’s stakes has dropped dramatically, reaching fresh lows as the network activity is experiencing a major slowdown. Ethereum‘s proof-of-stake mechanism participants have seen lower rewards as a result of decreased demand and fewer transactions on the network, which has significantly impacted staking returns. Kyle Doops, a…
Data shows just 61% of Ethereum holders have been left in profit after the recent bearish action. Here’s how it compares with past bear markets. Ethereum Holders In Profit Have Registered A Notable Drop Recently In a new post on X, the market intelligence platform IntoTheBlock has discussed how the Ethereum investor profitability has been looking recently. The indicator of relevance here is the “Historical In/Out of the Money,” which breaks down the percentage of ETH holders who are in a state of profit, loss, and break-even. This metric works by going through the transaction history of each address on…
Renowned analyst Lark Davis is forecasting a bullish trajectory for Bitcoin by the summer of 2025. This optimistic outlook is grounded in historical patterns observed in BTC’s previous price cycles, in which BTC has experienced three major bull runs, each spanning approximately four years and culminating in a significant price peak within a year of a Bitcoin halving event. Analyst Data Shows Bullish Fourth Quarter for Bitcoin In a recent post on X, Lark Davis pointed to impressive quarterly returns in previous halving years—2016 and 2020. He emphasized that the fourth quarter following halving events has consistently been bullish. Furthermore,…
Bitcoin’s technical analysis is setting up the stage for an explosive move above $150,000. The cryptocurrency’s current price action is flashing various patterns on the price charts, most of them bullish. Furthermore, these patterns are playing out across multiple timeframes, giving analysts different angles to examine in terms of the cryptocurrency’s future outlook. According to a bullish pennant pattern that is playing out on the monthly timeframe, Bitcoin is gearing up for a move towards $158,000. Bitcoin Bull Pennant Still In Motion One of the key patterns being observed is a bullish pennant that is unfolding on the monthly timeframe.…
Bitcoin is at a pivotal moment after enduring weeks of aggressive corrections and underwhelming price action. Currently testing the crucial psychological level at $60,000, the cryptocurrency faces a critical phase where investor sentiment is shifting from fear to cautious optimism. This transition comes as many anticipate a potential rally in the coming weeks. Top macro and on-chain analysts, including experts from CryptoQuant, have highlighted that if Bitcoin can break through the significant resistance at $69,500, it may trigger a substantial move toward new highs. The data suggests that such a breakout could ignite a bullish uptrend, pushing Bitcoin into previously…