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BTCUSD is sensitive to interest rates. Yesterday's real rate appreciation (up red arrow) coincides with the decline in Bitcoin (down arrow). As such, it's no surprise that BTCUSD is currently trading below $19K. As long as the daily stochastic remains in its lower quintile, bearish pressure will be present.
Ethereum is about to overhaul its mechanics in an upgrade called "The Merge." The revamp is due around Sept 15 and will transition from proof-of-work to proof-of-stake. This change is greener, using significantly less energy (up to 99% less, according to the Ethereum Foundation), with users validating transactions with tokens instead of mining.
Bitcoin, the first digital currency to scale, has managed to generate widespread visibility since the first units were mined in 2009. In that time, Bitcoin has enjoyed astronomical price increases, rising from less than US$0.10 to nearly US$20,000 in 2017. Given that the digital currency has enjoyed such impressive upside, it is easy to see why investors would want to trade this innovative crypto asset. Bitcoin is highly volatile and…
Bitcoin is still under pressure following Fed Chair Powell's hawkish Jackson Hole speech.
Ethereum is showing significant outperformance against Bitcoin ahead of its "Merge."
Bitcoin has broken down out of a bearish continuation pattern.
Ethereum is upgrading from an energy-intensive process to a token process of network validation.
DOGE/USD stays on the offensive today, helped by recent commentary from billionaire entrepreneur Mark Cuban, outperforming other major cryptos that are unable to build on the strong weekly start
Bitcoin's daily chart is threatening to move lower. If short-term support doesn't hold, its price will move from a bullish position to a neutral position - a movement of relative weakness.
When the first digital currencies were being developed in the late 2000s, the blockchain technology powering those early-day cryptos wasn't designed with widespread adoption in mind. Fast forward to today, flagship cryptos like Bitcoin and Ethereum, each with millions of users, struggle with scalability issues. In Bitcoin's case, one answer is a new second layer blockchain upgrade called the Lightning Network. There is a lot of excitement surrounding this tech,…
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