Author: Maria
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has currently been showing signs of a potential upside move as key indicators turn bullish. This positive momentum which may be triggered by an increase in the market buying pressure has led to a growing optimism about the digital asset’s near-term prospects. In this article, As ETH continues gearing up for significant gains we will be diving into the key indicators signaling this upside potential, and discuss what this could mean for Ethereum’s price trajectory. Technical Indicators: Key Signals Pointing To An Upside Move Currently, the price of ETH on the…
According to the latest on-chain observation, gas fees on the Ethereum network have fallen to their lowest level in nearly two months. How will this impact the price of ETH? Ethereum Network Activity Wanes Ahead Of Spot ETF In a new Quicktake post, a pseudonymous analyst revealed that the activity on the Ethereum network has been on a decline, with gas fees touching their lowest level in recent weeks. This comes despite the upcoming approval and launch of the Ethereum spot ETF (exchange-traded fund). According to data from CryptoQuant, the ETH average gas fees (Gwei) have dropped to their lowest…
Over the last month, the crypto airwaves have been filled with reports of the German government selling large amounts of Bitcoin. These sell-offs have negatively impacted the Bitcoin price, as well as the broader crypto market, sending the whole market into the red. However, while the German government has been the most prominent seller during this time, it is not the only entity that has been offloading its Bitcoin holdings. Genesis Trading Begins Selling $2 Billion Bitcoin Stash In the fray of the German Government’s Bitcoin sell-offs, other entities selling BTC have swam into the background, but not for long.…
Crypto analyst Titan of Crypto has highlighted a bearish pattern on Bitcoin’s dominance chart, suggesting that altcoin season might be on the horizon. The analyst expects these altcoins to make massive moves soon enough, having experienced significant declines for some time now. Bitcoin Dominance Chart Forms Bearish Pattern Titan of Crypto mentioned in an X (formerly Twitter) post that the breakout on the rising wedge on Bitcoin’s dominance has been confirmed. As such, Bitcoin’s dominance is expected to experience a decline to the downside. The crypto analyst added that this could be a good time for altcoins to recover after…
The German government has depleted most of its Bitcoin holdings after an extended period of selloffs that left crypto investors reeling under selling pressure. The origin of these assets can be traced back to 2013 through the proceeds of the operations of a now-defunct movie content piracy website called Movie2K. Reports came out in mid-January 2024 that the Saxony State Criminal Police Office seized 50,000 BTC from one of the website’s operators as part of criminal investigations directed towards Movie2K. At the time of Movie2K’s operations in 2013, these assets were collectively worth less than $50 million. However, Bitcoin has…
For a while now, the German government has been reported to be offloading its Bitcoin holdings, thereby adding significant selling pressure on the flagship crypto. On-chain data shows that they still hold a significant amount of BTC, which they have no option but to sell. How Much Bitcoin The German Government Holds Data from the on-chain analytics platform Arkham Intelligence shows that the German government still holds almost 24,000 BTC ($1.42 billion). Further data shows they are still looking to offload more of their holdings, as they have transferred over 1,100 BTC in the last 24 hours to crypto exchanges…
Miners are an integral part of the Bitcoin network and since new supply comes through them, it can be important to track what the miners are doing with their coins in an effort to predict where the market might be headed next. Given this, Ki Young Ju, founder of the analytics platform Cryptoquant, has tracked Bitcoin miner behavior, placing them in a capitulation trend and predicting what the market might do going forward as a result of this. Bitcoin Miners Are Still Capitulating In the analysis that was posted on X (formerly Twitter), Ki Young Ju revealed that Bitcoin miners…
Defunct crypto exchange Mt. Gox’s recent Bitcoin transfers have continued to cause concerns for the crypto community, considering the amount of selling pressure they could place on the flagship crypto. However, Cryptoquant’s founder, Ki Young Ju, has helped to ease these concerns, recently explaining why these transactions might not affect the market. Why Mt Gox’s 47,000 BTC Move Won’t Affect Bitcoin’s Price In an X (formerly Twitter) post, Ki Young Ju outlined three possible scenarios for Mt Gox’s Bitcoin transactions to explain why it won’t affect its price. First, he stated that these Bitcoin transactions may have simply been an…
Veteran trader Peter Brandt has given traders what to expect from the Bitcoin price action in the coming months. His analysis is based on Bitcoin’s price highs and lows in bull market corrections since 2025. The analysis also makes use of Bitcoin’s price movements in previous halving cycles. Brandt’s analysis has come at a pivotal time for Bitcoin, as the cryptocurrency is now at a deciding moment between breaking out of its recent price correction or extending it further. Calling Market Tops And Bottoms Bitcoin has been on a month-wide correction since the second week of June after a strong…
Canadian computer programmer and co-founder of Ethereum, Vitalik Buterin recently executed a large-scale ETH transaction, sparking interest in the destination of the funds. Buterin Donates 100 ETH To Ethereum-Focused Organization On July 6, Buterin transferred approximately 99.9 ETH tokens valued at about $300,000 to a wallet address starting with 0x82 for the Gnosis Safe Proxy. The transaction, spotted by blockchain analytics platform Arkham Intelligence and confirmed by on-chain data, was executed using one of Buterin’s main wallet addresses. Reports have indicated that the destination of the 100 ETH is suspected to be a community-driven organization, the 2077 Collective. Interestingly, Buterin…