Cryptocurrency analysis: November and last week. DeFi is back!
Today we highlight weekly and monthly (November) performance stats for altcoins. Altcoins season appears back in full swing. After a huge run in the summer, driven by DeFi craze, altcoins cooled off in September and October, while Bitcoin was...
Read moreQuantifying PayPal’s Impact on Bitcoin Demand
PayPal’s user base could generate demand for over 15% of Bitcoin’s current market cap over the next 12 months. By now, most of us have heard that PayPal has begun to enable buying and selling of cryptocurrencies in...
Read moreCrypto Markets – week in review: altcoins gain for 2nd week in a row
Last week, altcoins got some wind in their sails, continuing to benefiting from solid Bitcoin (BTC) gains. Also, see recent technical analysis (TA) of ZEC, MKR, BTC, ETH, XRP, BCH, LINK, ATOM, XEM, NEO, HT, VET, THETA, ETC, OMG, DOGE, WAVES, CEL, ONT, HEDG,...
Read moreWeek in review: altcoins riding Bitcoin’s coattails
Last week, altcoins got some wind in their sails, finally benefiting from huge Bitcoin (BTC) gains. Also, see recent technical analysis (TA) of BTC, ETH, XRP, BCH, LINK, BNB, LTC, ADA, EOS, XMR. If you’d like to receive future...
Read moreWeek and Month in review: Bitcoin’s gains fail to lift altcoins
Last week and month were great for Bitcoin. Altcoins? Not so much. In October, Bitcoin benefited from: News of corporations allocating portions of their cash to Bitcoin. MicroStrategy and Square have picked up over $425 million and $50 million...
Read more“PayPal Effect” – Fab Four Coins With Huge Tailwinds Into 2021 (BTC, BCH, ETH, LTC)
By now, most of us have heard that PayPal will enable buying and selling of cryptocurrencies in the coming weeks in the U.S. and select international markets in the first half of 2021. Initially it will include four crypto...
Read moreWeek in review; Bitcoin’s gains lift altcoins (LTC, ETH, BCH, LINK, XMR)
Last week, altcoins got a boost from Bitcoin’s gains, but not as much as one would expect. Perhaps it’s an opportunity for altcoin traders. If Bitcoin holds on to its recent gains, altcoins should follow. Following a breakout from...
Read moreWeek in review; more losers than gainers (ABBC, CVT, UTK, CRO, STORJ, REN)
Last week, there were more losers than gainers among altcoins. Generally, it’s a continuation of a sideways trend, much like Bitcoin. Following a breakout from a symmetrical triangle in the prior week, Bitcoin (BTC) has stabilized in the $11K-$12K...
Read moreBitcoin Still in Accumulation Phase of This Cycle; More Upside Ahead
It’s important for traders using technical analysis to identify big picture trends. In crypto, the big picture is dictated by Bitcoin and that’s why we keep track of alternative data indicators used to analyze Bitcoin usage, adoption and valuation...
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