Bitcoin (BTC) remains bullish but has "one more leg down" to complete before a resurgence, one trader argues. In analysis on Nov. 10, popular Twitter account Crypto Ed said that the pullback from this week's all-time highs above $68,500 was turning out to be deeper than anticipated. Target $65,000 for Bitc "Going a bit deeper as I was expecting yesterday. Looks like it will do 1 more leg down to complete that ABC," he said alongside a forecast price trajectory chart. "Lines up with 2nd chart: taking out those lows and retest support. When bounce, going for 70k." BTC/USD could …

The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9. The number of Externally Owned Ethereum Addresses (EOA) fell to 108,949 compared to 108,965 on Oct. 22, according to data from Glassnode, a sign that traders and investors ignored the prospects of becoming validators on its upcoming proof-of-stake blockchain, dubbed Ethereum 2.0. In detail, staking in Ethereum 2.0 requires users to deposit 32 ETH into a designated smart contract address to become a full node validator. In doing so, the depositor gains the right to manage data, process transactions, and add new …

Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears. #Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. pic.twitter.com/xN0Athssng — Holger Zschaepitz (@Schuldensuehner) November 9, 2021 The 14th-largest digital asset rose by a little over 25% in three days pushing its price to almost $250 on Coinbase. Meanwhile, the total value of cryptocurrencies reached nearly $3 trillion, the highest level ever. Bitcoin influence Litecoin's …

Bitcoin (BTC) is close to making a new all-time high and Ether (ETH) finally soared to hit a new high at $4,800. This pushed the total crypto market capitalization above $3 trillion for the first time ever on Nov. 8, according to data from CoinGecko. Data from Santiment shows that Bitcoin whales holding between 10,000 BTC to 100,000 BTC in their wallets have been aggressively buying in the past few days. They have added 92,000 Bitcoin in the past 25 days out of which roughly 43,000 have been purchased in the past five days. Another important group that has been …

Momentum in the cryptocurrency market is back on the rise on Nov. 8 after a solid rally from Bitcoin (BTC) placed the price back above $66,000 and Ether hit a new all-time high at $4,793. The gains from the largest two cryptocurrencies helped to kickstart a market-wide rally that lifted the total cryptocurrency market cap above $3 trillion for the first time. Unlike previous rallies where BTC would make significant gains at the expense of the altcoin market, this time a majority of tokens in the top 200 are likewise in the green with many projects seeing double-digit gains. Data …

Bitcoin (BTC) held $65,000 during Nov. 8 as major gains seemed unfazed by Tesla (TSLA) stock losing 5% at the Wall Street open. Bitcoin beats Tesla by market cap Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down around $900 at $65,500 after hitting highs of $66,433 on Bitstamp. Overnight success was tapered by news that Tesla CEO Elon Musk would sell 10% of his Tesla holdings worth around $23 billion — simply because Twitter users voted for him to do so. Markets reacted cautiously, with TSLA initially opening at $1,150 after closing Friday at $1,221 before a modest …

Ethereum blockchain's native asset Ether (ETH) touched a new record high on Nov. 8, supported by a rally across the top cryptocurrencies ahead of a key U.S. inflation report this week. ETH price rose by 3.30% in the past 24 hours to $4,770 for the first time in history as Bitcoin (BTC) reclaimed $66,000, demonstrating the strong positive correlation between the two digital assets. Inflationary pressure returns Wall Street economists anticipated the U.S. consumer price index (CPI) to rise to 5.8% in October ahead of the Bureau of Labor Statistics' inflation report on Wednesday. That would log a step up …

Bitcoin (BTC) continued to track sideways on Nov. 7 amid warnings that now is "not the time" to sell BTC. "Not the time to be selling" Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering near $62,000 throughout Sunday. The pair had continued a flat period over the weekend, as market participants waited for signs of volatility up or down. While impatience was palpable as the week drew to close, words of caution came from those eyeing longer timeframes and historical price patterns. "What goes on during a sideways period for BTC like now? Buyers & sellers are exchanging …

The bullish optimism seen earlier in the week was dialed back on Nov. 4 after recent comments from U.S. Federal Reserve Chairman Jerome Powell confirmed that the central bank would soon start to taper its monetary policy of easing and bond buying. These statements appear to have kicked off a series of price decreases across the crypto market and both Bitcoin (BTC) and Ether (ETH) are under pressure at the moment. Data from Cointelegraph Markets Pro and TradingView shows that the price action for BTC flashed a warning when the price briefly dipped to $60,400 on Nov. 3 and currenlty …

Bitcoin (BTC) may be over seven times higher than at its last halving, but is history repeats, that number could grow another 300% and more. As tracked by on-chain data source Ecoinometrics this month, BTC/USD has the potential to eclipse estimates simply by following historical precedent. Bitcoin: Compared to 2017, you ain't seen nothing yet Bitcoin currently trades 7.3 times its price at the halving in May 2020. If the last halving cycle is anything to go by, however, price action will not stop until it is 30 times higher. The data relates to the roughly four-year halving cycles in …

Bitcoin (BTC) denied bulls their big break on Nov. 4 as sideways action dragged the market ever closer to $60,000. BTC hodlers in "buy the dip" mode Data from Cointelegraph Markets Pro and TradingView showed BTC/USD back below $62,000 at 8am UTC. The pair saw a difficult 24 hours after hitting local highs above $64,000, finally bouncing at $60,000 in a brief but significant dip. The plebs continue to stack. — Dylan LeClair (@DylanLeClair_) November 4, 2021 While some suggested the price action was a gift to investors looking to add to their BTC stash before further upside, analysts were …

Ether (ETH) bulls are probably very pleased with the 368% gains accrued so far in 2021 and it seems like not a day passes where the altcoin doesn’t hit a new all-time high. Even with Ether on the path to $5,000, there are still plenty of concerns about the network's capability to absorb the strong demand coming from the decentralized finance (DeFi) and non-fungible token (NFT) sector. Another potential setback laying ahead is the United States Treasury report on stablecoin regulation released on Nov 1. The report stressed the necessity of Congress to "ensure appropriate federal prudential oversight on a …