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Bitcoin Accumulation Accelerates as Whales Buy 0.29% of BTC’s Total Supply in a Week: Analysis

Bitcoin’s price trading below $60,000 for over a week now has allowed some whales to accumulate more portions of the asset. On-chain data suggests that long-term holders and whales have bought 0.29% of the total supply in just a week. Bitcoin Whales Accumulating Ever since its peak at $69,000 on November 10th, bitcoin’s price has been on the downfall, losing roughly 20% of its value and bottoming below $56,000 just a week later. While this vigorous price drop in a relatively...

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Bitcoin Price Analysis: Was $55K The Local Bottom?

The technical indicators are showing potential signs of a bottom at $55.4K. Bitcoin’s price has built a base of support in the mid $50K area recently, with bullish divergence forming on the 4-hour RSI. It appears that bulls have stepped in and protected $56.2K, which is a technical level of support. The overall trend in on-chain metrics continues to remain bullish despite the recent volatility. The Technicals The longer-term trend and structure remain bullish despite the...

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Ethereum Price Analysis: Ethereum Bulls Resurface, Attempt to Trigger a Fresh Rally

Key Support levels: $4,000, $4,350 Key Resistance levels: $4868 (ATH)  ETH gave some strong signals yesterday that it was turning bullish, particularly on the Bitcoin pair. Today, it has broken above the $4,350 resistance. If this momentum continues, ETH can enter a new rally that can take it back to the all-time high at $4,868 and beyond. Chart by TradingViewTechnical Indicators Trading Volume: The break above the key resistance at $4,350 took place on low volume, and this...

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Gebühren für Bitcoin sinken trotz Höchstkursen

Die Rallye hat sich ein wenig beruhigt. Trotzdem liegt der BTC in der Nähe seines Allzeithochs. Dem Kursanstieg zum Trotz bleiben jedoch die Gebühren auf moderatem Niveau und sanken zuletzt sogar deutlich – woran liegt es? Bitcoin News: Gebühren für Bitcoin sinken trotz HöchstkursenArcane Research hat festgestellt, dass die Gebühren im Wochenvergleich um 26 Prozent gesunken sind. Dies hat vor allem zwei Gründe:Erstens werden immer mehr Bitcoin-Transaktionen über das Lightning Network...

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PlanB: November $98K Bitcoin Target Will Probably be Floor Model’s First Miss

PlanB admitted that his worst-case scenario in terms of BTC’s price movements is about to be proven wrong for the first time. The analyst’s model forecasted a $98,000 price tag for the asset at the end of November, which seems somewhat of a long shot as of now. PlanB’s Worst-Case Scenario CryptoPotato has previously reported the accuracy of PlanB’s worst-case scenario (floor model), as he referred to it, which is separate from the popular stock-to-flow model. However, it was...

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NFTradeCom Launched the First Cross-Chain NFT Gaming and Metaverse Launchpad

[PRESS RELEASE – Kingstown, SVG, 24th November 2021] NFTrade, a decentralized cross-chain NFT marketplace, aggregator, and platform, is releasing the first ever cross-chain NFT launchpad for Initial NFT Offerings (INOs). November 24, 2021, Kingstown, SVG – NFTrade, the largest NFT marketplace on Binance Smart Chain (BSC) and Avalanche, has released the details of their cross-chain NFT launchpad. This intuitive platform facilitates the initial launch of metaverse and gaming...

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SugarBounce Announces It’s IDO: Get All The Details Here

[PRESS RELEASE – Please Read Disclaimer] SugarBounce recently announced the launch of their IDO on four major launchpads. As a decentralized adult entertainment platform, SugarBounce is revolutionizing the way adult content is created and consumed. The SugarBounce Ecosystem is designed to empower adult content creators and help them showcase their art with the least possible restrictions. The upcoming SugarBounce IDO is a step towards reaching their objective of providing a...

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EOS Price Analysis: Risk of Breakdown Below $4

EOS price started a fresh decline from the $5.00 resistance against the US Dollar. The price is now trading below $4.40 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $4.30 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could start a major increase if there is a clear break above the $4.30 resistance. EOS price is showing bearish signs below $4.30 against the US Dollar, similar to...

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Litecoin (LTC) Price Analysis: Key Hurdle Nearby At $240

Litecoin price extended its decline below the $232 support against the US Dollar. LTC price is now trading below $232 and the 55 simple moving average (4-hours). There is a major bearish trend line is forming with resistance near $235 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could face a strong selling interest near the $235 and $240 levels in the near term. Litecoin price is consolidating above $200 against the US Dollar, similar to...

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LBank Exchange Will List Dexioprotocol (DEXI) on November 27, 2021

INTERNET CITY, DUBAI, Nov. 24, 2021 – LBank Exchange, a global digital asset trading platform, will list Dexioprotocol (DEXI) token on November 27, 2021. For all users of LBank Exchange, the DEXI/USDT trading pair will be officially available for trading at 23:00 (UTC+8) on November 27, 2021. Crypto investment has gone viral in recent years, but compared with the global population, crypto investors are still a small community. Dexioprotocol is a project that aims to...

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