What an incredible year it has been for cryptocurrency investors! Just last week, Bitcoin broke through $18,000, hit a new market cap record above $329 billion and briefly flirted with $19,000. This is the highest price for Bitcoin since late 2017 and it is less than $1,000 from an all-time price
On Thursday October 28th, the price of Bitcoin (BTC) fell below $13,000 shortly after hitting resistance of around $13,850 at the day’s peak. As we can see from the chart below, the price of Bitcoin is in an uptrend that started on March 12, 2020 and has more than doubled since then.
This is a trade alert that was sent to premium members on Sunday, 4/26... It has been over two years since the cryptocurrency market first caught the world's attention, with Bitcoin rocketing to all-time highs around $20,000. The correction to $3,000 was brutal but made sense
Smart contract platforms have been one of the most highly contested topics in the crypto space. The competition among these platforms has been present for years now. Currently, Ethereum is leading this race (and by a large margin one may add). This platform though has many shortcomings. These
While the crypto markets have been in a bear market for most of 2018–2019, the fundamentals have only continued to grow. Below are a few charts highlighting this continued growth in the space. Bitcoin and Ethereum Growth Bitcoin 1. Bitcoin wallet growth The amount of Bitcoin
This post will highlight the difference between Gold-backed cryptocurrencies and gold ETF’s, and evaluate whether there is a meaningful role for the former. What is a Gold-Backed Cryptocurrency? Gold-backed cryptocurrencies are digital currencies that are tied to a certain weight of
This post will highlight what some key indicators are telling us about the current state of the market. 1. Yield Curve Inversion One of the best indicators for a coming recession has been an inversion of the yield curve. An inversion is when short-term interest rates (on debt instruments)
Any current metric will show that Ethereum is the leading smart contract platform. It is by far the most widely used blockchain by developers everywhere. This post will explore the growth of the Ethereum ecosystem over the past few years, and highlight some important updates coming up as