Ethereum's native token Ether (ETH) will likely fall below $2,000, according to one popular market analyst. Ether paints a classic bearish continuation setup Pseudonymous market analyst Wolf shared the downside outlook on Monday as Ether's price rebounded by over 3% to nearly $2,650, a day after testing its upward sloping trendline near $2,500. Ignoring the intraday upside reversal, Wolf anticipated the Ether's decline to continue further. At the core of Wolf's analogy was a "symmetrical triangle," a classic technical analysis pattern that forms when the price fluctuates between two converging trendlines. In a "perfect" scenario, the price breaks out of …

Institutional investors are returning to accumulate Grayscale Bitcoin Trust (GBTC) shares as the discount to spot price his risen to nearly 30%, data on Glassnode shows. Since December 2021, some weekly sessions saw investors pouring in between $10 million and $120 million into Grayscale's flagship fund. Meanwhile, the biggest capital inflow — amounting to nearly $140 million — appeared in the week ending on Feb. 25, as shown in the chart below. No selloff yet among high-profile GBTC backers The GBTC trust attracted investments as global markets faced back-to-back shocks in the past few months, including a dramatic selloff in …

How to balance greed and fear to be a successful trader Lowering your trading sizes, having a trading plan, recording a trading journal and learning from others will save you from the influence of extreme fear or extreme greed. Price swings are less noticeable on prominent (or large) trades and this makes large transactions more stressful. Therefore, it is crucial to lessen the size of your trade to balance your emotions and trading decisions. Having a clear trading plan is the path towards being a successful trader. Without a plan, one could risk losing money due to over-leveraging their crypto …

Anchor Protocol (ANC), a DeFi platform built on Terra blockchain protocol, rebounded nearly 300% in over a month after bottoming out near $1.26. ANC price went as high as $4.97 on the Bitfinex cryptocurrency exchange on March 3, 2022, breaking above the previous record peak near $4.50 established on Dec. 3 last year. In doing so, the Anchor Protocol also erased all the losses it had incurred during what some called "crypto winter" that started in Q4/2021 — against the prospects of the Federal Reserve's aggressive rate hikes. ANC is the governance token of the Anchor Protocol's decentralized money market …

The price of Solana (SOL) may rise by over 45% in the coming weeks as the cryptocurrency intends to complete a double-bottom chart pattern against the U.S. dollar. A $150 SOL ahead? Double-bottoms typically appear at the end of a downtrend when the price falls to a low, rebounds, and returns to the level near the previous low. With bears unable to push the price to a newer low, the selling sentiment exhausts, leading to a sharp upside retracement and a breakout move afterward. SOL has been somewhat painting a similar pattern since Jan. 24, especially after extending its rebound …

Terra (LUNA) emerged as one of the best performing financial assets in February, a month mired by geopolitical conflicts and their negative impacts on the crypto market. LUNA decouples from the crypto market LUNA's price surged by a little over 75% to reach $91.50 at the month's UTC close. In comparison, the percentage performance of other top tokens, mainly Bitcoin (BTC) and Ether (ETH), in the same period came out to be around 12.25% and 9%, respectively. Interestingly, most of LUNA's gains in February surfaced on the month's last day. The Terra token jumped 26% on Feb. 28, in part …

“Hodling” really is the way when it comes to accumulating Bitcoin (BTC). At least, that’s the conclusion made by an AI trading bot coded up by a Portuguese software developer. Bitcoiner Tiago Vasconcelos is the man behind the trading experiment. Vasconcelos built an AI trading bot that would help him accumulate more Bitcoin and test his coding skills. Almost inconceivably, instead of trading, the bot quickly concluded that the best way to trade Bitcoin is to buy and hold onto it. Vasconcelos is the lead founder of Aceita Bitcoin, a Portuguese organization promoting the adoption, education and sharing of information …

Bitcoin (BTC) is both the first and the most prominent cryptocurrency in the world when it comes to market capitalization as well as trading volume. These factors are quite significant, considering that all cryptocurrencies trade against Bitcoin and Bitcoin’s dominance can actually serve as a valuable indicator when trading all different types of cryptocurrencies. This post will offer insight on how to trade cryptocurrency while utilizing the Bitcoin dominance indicator and how to read the Bitcoin dominance index chart overall. What is the BTC dominance chart? Bitcoin dominance is uncovered by comparing Bitcoin’s market capitalization to the capitalization of the …

The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process. According to the Department of Justice (DOJ), a San Diego-based federal grand jury specifically charged Kumbhani for orchestrating the alleged Ponzi scheme via BitConnect’s “Lending Program”: “BitConnect operated as a Ponzi scheme by paying earlier BitConnect investors with money from later investors. In total, Kumbhani and his co-conspirators obtained approximately $2.4 billion from investors.” Back in 2017 amid the hype, BitConnect (BCC) recorded an all-time high of $463.31 in trading price, which according …

Buyers returned to the Bitcoin (BTC) market, locating interim upside opportunities as the price rebounded to nearly $40,000 on Feb. 25, gaining 16% in less than 24 hours. Investors bulk up Bitcoin holdings The number of Bitcoin addresses with a balance greater than 0.01 BTC (~$400) reached a record high of 9.51 million, the latest data from CoinMetrics shows. Meanwhile, the number of addresses that hold at least 0.1 BTC (~$3,850) also reached 3.34 million for the first time in history. On the whole, Bitcoin's network added a little over 24,500 addresses with a non-zero balance on Thursday, coinciding with …

Athletes have been known to invest in a range of assets and businesses, but now they're also getting into cryptocurrency and blockchain. Nonfungible tokens (NFTs) are a relatively new form of tokens that allows for the exchange, trade and ownership of unique digital assets. According to market data, worldwide NFT trading was worth around $40 billion in 2021, and now some professional athletes have joined the movement. I just acquired MAYC #10442 from my guy @ishmilly @BoredApeYC Where are my apes at? #mutantapes #mayc pic.twitter.com/LQSQywNOCO — Reece James (@reecejames_24) January 2, 2022 Luka Modric, a Real Madrid soccer player from …

The ongoing Bitcoin (BTC) price correction could continue as per almost a century-old technical analysis principle called "Elliott Wave Theory." The interim bearish outlook put forth by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000 amid the Russia-Ukraine conflict. Bitcoin wave fractal eyes repetition The theory, which divides a price cycle into two sets—one consisting of five upward-trending impulse waves and the other having three follow-up corrective waves—points to the possibility of BTC's price dropping toward $25,500 in 2022. At the core of its bearish outlook is its record of predicting cyclical tops and bottoms throughout the Bitcoin …