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Bitcoin: The current crash marks the 2nd such drop, and this could mean…

Bitcoin’s dominance has dropped to nearly 40% and this drop is the result of the May 19 flash crash. Such crashes have changed market dynamics and influenced trader sentiment in the past, and they continue to do so. This is evident when we compare the crash to the crashes in 2017 before the price hit […]

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This Ethereum metric exceeds Bitcoin’s again! Here’s the impact

Trading below the $2500 level, Ethereum’s rally is faster, post the recovery. What’s interesting is that the Ethereum options volume has surpassed that of Bitcoin few times in a row. Based on data from Skew, options volume dropped consistently since May 24, and is consistently below $500 Million. With several flippening metrics like transaction fees, […]

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Reuters Poll Indicates Huge Bitcoin Rally Ahead Despite 12% Drop

A Reuters poll indicates that Bitcoin will soon rally despite the recent drop by 12% which saw bitcoin going below $10,000 again. In our Bitcoin news today, we are reading more about the price analysis. The past two days found Bitcoin in a bearish state as the cryptocurrency experienced a massive sell-off on Wednesday that continued until the next session. The BTC/USD pair lost 12% of the value and fell from $11,950 to $10,000. The downside sentiment raised worries about the extended drop with many analysts predicting $9,600 level to be the next bearish target. According to the Reuters poll,…

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Minting Again: Additional $540 Million USDT Minted During BTC Rally

Tether is minting again, introducing an additional $540 million coins today and over a half a billion in the past three days while Bitcoin is in a rally as we are reading further in the latest Tether news. The Tether treasury is minting again as the Bitcoin price rallied above $11,000 and Whale Alert said that $300 million was created today on the TRON network after the two previous mints on the Etheruem network over the past three days worth of $120 million. Crypto exchange Bitfinex and the CTO Paolo Ardoino explained that the transactions will replenish the inventory and…

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