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Data Analyst: 3 Key Metrics Show the Start of a New Bitcoin Bull Trend

According to Ki Young-Ju, the CEO of market research firm CryptoQuant, three key on-chain indicators are currently signaling a Bitcoin (BTC) price uptrend. Metrics that hint at a bull market are less selling pressure from miners, low exchange inflows and declining exchange reserves. On July 20 Ki noted: “On-chain Indicators Status: BUY. Miners are not selling (based on

Top 5 Cryptocurrencies to Watch This Week

Bitcoin’s (BTC) tight range has put analysts in a fix, meaning, every bit of data is being analyzed to determine the direction of the impending breakout. Bitcoin options open interest data can provide some clues on what the larger investors are expecting but there are many other factors at play that could influence Bitcoin’s spot

Bitcoin Could Be the Next Big Inflation Hedge

As reports hit the United Kingdom in mid-June warning that inflation rates had fallen to a four-year low, high-profile fund managers were conversely worrying that the COVID-19 stimulus from governments and central banks would ultimately drive up prices. In a recent market outlook note, famed hedge fund investor Paul Tudor Jones warned that: “We are witnessing the ‘great monetary inflation’ —

With Bitcoin Stuck in the Doldrums, Altcoins Continue to Rally

Bitcoin is still consolidating with no clear direction in sight, but some alternative cryptocurrencies like Chainlink’s LINK token and Aave’s LEND are soaring. Bitcoin, the leading cryptocurrency by market value, is trading near $9,240 at press time, representing moderate losses on a 24-hour basis. The cryptocurrency has spent a better part of the last two months trading

Ethereum Is Beating Bitcoin In More Ways Than One

Interest in bitcoin and other cryptocurrencies, including ethereum, is booming—fueled by unprecedented central bank stimulus measures and rocketing demand for alternative finance. The bitcoin price, up around 30% so far this year, is being left in the dust by huge gains seen by some smaller cryptocurrencies. Ethereum, the second most valuable cryptocurrency after bitcoin, has almost doubled in value so far this

Next bitcoin rally ‘will set hair on fire’

A group of crypto influencers have shared their take on bitcoin’s future, as well as the future of the global macro economy, The Daily Hodl reported. In a new episode of the What Bitcoin Did podcast, Nic Carter, Tuur Demeester, Robert Breedlove and Alex Leishman agree that a widespread economic shift is brewing around the world, which will

Dogecoin surges to dizzying heights amid TikTok hype

Dogecoin, a longstanding staple of the cryptocurrency ecosystem, has been struck by a remarkably unexpected rally over the past 48-hours, with it now trading 82% higher against Bitcoin than it was two days ago. The meme-friendly digital asset, which was created as a joke in 2013, has emerged as a target for millions of TikTok

Hold More Gold Than Bitcoin, Says BTC Bull Mike Novogratz

Michael Novogratz, one of the biggest Bitcoin (BTC) bulls in the world, does not recommend investors to put the majority of their funds into Bitcoin. Although Novogratz is confident that Bitcoin “way outperforms” the precious metal, it is still safer to buy more gold than Bitcoin due to the cryptocurrency’s highly volatile nature. Bitcoin is