Category: Cryptocurrency News

If there is one indicator of this bear market we should have all kept our eyes on, it is not the stock markets, Bitcoin, ETH or even Gold. It is the Dollar Index, which has historically been a risk-on asset and has played a big role in stock market bear runs, especially during times of…
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I know and I've heard about Trezor and other self owned wallets are the best to have in your possession. To me based off of my budget it's too expensive for me. I'm looking to see if anyone has other cold storage apps I can use as place holder for eth? Like for example XRP…
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Chainlink (LINK) is trading at $7.60, still unable to escape the range between $5 and $8 it has spent over a year in. Its recent attempt at a rally, however, has triggered an important “parabolic”signal following a length, 28-month long downtrend. Chainlink Taps Parabolic SAR After 28-Month Downtrend Chainlink earned itself a reputation as a “blue chip” cryptocurrency during the last bear market. While Bitcoin, Ethereum, and other altcoins remained relatively bearish until the end of 2020, LINKUSD defied all odds and expectations by rising nearly 10,000% leading up to the same timeframe. From October 2020 when the rest of the crypto market broke out, Chainlink still did another 600% before reaching a peak at over $50 in May 2021. But since then, it has been almost all downhill and a lot of sideways. Related Reading: Chainlink Creator Expects Mass Crypto Adoption To Send Market Cap To $10 Trillion After that price peak, a rejection all the way down to $15 in the same month set the downtrend in motion. At that moment, it also tagged the Parabolic SAR, signaling that the uptrend had “stopped and reversed.” The cryptocurrency first spent 12 months in an aggressive downtrend, followed by over 16 months of painful sideways. In total, the coin lost 90% of its value from top to the current local bottom. But what’s next now that the Parabolic SAR has been touched once again? Chainlink tags the 1M Parabolic SAR | LINKUSD on TradingView.com Is LINKUSD Ready For A 1,000% Rally? How About Three Of Them? The Parabolic SAR is a technical analysis indicator created by J. Welles Wilder, Jr., and is used to tell a trader when a trend as potentially “stopped and reversed.” It is commonly used in conjunction with Wilder’s other tools, such as the Relative Strength Index, and Average Directional Index. Much like the tool nailed the exact trend change at the top, it might once again be accurately signally a positive trend change after 28 months of downward Parabolic SAR movement. Previous uptrend according to the 1M LINKUSD Parabolic SAR were parabolic indeed. Related Reading: LINKing The Dots: Why Chainlink Could Be The Altcoin To Watch, Top Trader Says Across the three times where the Parabolic SAR flipped bullish, LINKUSD gained 1,000% each time. Another 1,000% rally would take Chainlink to over $80 per token. The last primary bull market in Chainlink produced not one, but three of these 1,000% rallies. A 3,000 uptrend could take the coin to over $230 each. Coincidentally, the LMACD is also crossing bullish for the first time in 28 months, adding plenty of confluence. With the Parabolic SAR now below price, will the cryptocurrency go on another parabolic uptrend? This chart initially appeared in Issue #22 of CoinChartist (VIP) alongside 30 other exclusive crypto charts. Subscribe for free. Tony is the author of the CoinChartist (VIP) newsletter. Sign up for free. Follow @TonyTheBullBTC & @coinchartist_io on Twitter. Or join the TonyTradesBTC Telegram for daily market insights and technical analysis education. Please note: Content is educational and should not be considered investment advice. Featured image from Shutterstock, Charts from TradingView.com

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Cointelegraph Accelerator, Animoca Brands, BGA, Metaera, Cipholio and Sandbox the second Gaming Demo Day to showcase seven new projects from the Web3 gaming space.

Following the lending firm’s bankruptcy filing in July 2022, U.S. officials were reportedly considering taking action against Stephen Ehrlich for violating derivatives regulations

On-chain data shows that mid to large Bitcoin holders have purchased almost $2 billion in the asset during the past six weeks. Bitcoin Holders With 1 To 10,000 BTC Have Neared All-Time High Holdings According to data from the on-chain analytics firm Santiment, the mid to large-sized BTC addresses have added 71,555 BTC to their holdings recently. The relevant indicator here is the “BTC Supply Distribution,” which keeps track of the total amount of Bitcoin that each holder group in the market is holding right now. The investors or addresses are divided into these cohorts based on the total number of tokens that they are currently carrying. The 1-10 coins group, for instance, includes all holders who own at least 1 and at most 10 BTC. Related Reading: This Ethereum Metric Is Retesting The Bear-Bull Junction, Will Break Happen? If the Supply Distribution is applied to this specific cohort, it would tell us about the total amount of the asset that the addresses on the network fulfilling this condition are currently holding as a whole. In the context of the current discussion, the mid and large-sized investors in the market are of interest. Typically, these are the addresses ranging between 1 and 10,000 BTC. Here is a chart that shows the trend in the combined Bitcoin Supply Distribution for all the cohorts falling inside this particular coin range over the past few months: Looks like the value of the metric has surged in recent days | Source: Santiment on X This wallet range covers a variety of groups, with the two most notable being the sharks and whales. The sharks are generally the entities with 100-1,000 BTC, while the whales are those with 1,000-10,000 BTC. Both of these cohorts carry some power in the sector, because of the sheer size of their holdings. The whales, however, carry significantly more influence than the sharks, a natural consequence of their balances being much larger. The rest of the investors inside this range (those with 1-100 BTC) are considered mid-sized holders, who may not be relevant individually, but as a whole, they can have a notable presence in the market. From the graph, it’s visible that the combined holdings of all these groups have been heading up recently, implying that buying has been taking place. During the past six weeks alone, these investors have purchased a total of 71,155 BTC, which is equivalent to about $1.97 billion at the current exchange rate. With this latest accumulation spree, the total holdings of these Bitcoin investors have hit about 15.2 million BTC, which is the largest amount that they have held since January 2022. Related Reading: XRP, Polygon See Month-High Volumes As Investors Show FOMO Not just that, their current holdings are also just 90,000 BTC shy from their all-time high back in November 2021, where they owned about 15.29 million tokens of the asset. As is visible from the chart, the indicator has observed some particularly sharp growth during the past week or so, suggesting that these holders believe the current prices are worth buying at. BTC Price Bitcoin hasn’t moved much since its pullback a few days ago as its price is still trading around the $27,700 mark. The value of the metric seems to have been moving sideways in the past few days | Source: BTCUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Santiment.net

Bitcoin briefly heads back down to $27,000 thanks to unexpected non-farm payrolls numbers, with BTC price staging a strong recovery.

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