However, at the time of writing, the largest crypto’s price had just entered the green zone and was trading in the $39k range. Amongst the ocean of metrics available, the 21 Week Exponential Moving Average serves as a vital reference point for Bitcoin. However, Bitcoin has been losing its support and that is the main […]
Bitcoin’s price moved up on the price scale; although this was not a full-fledged recovery, it may have helped some altcoins like Uniswap, Bitcoin SV, and Tezos. The 50 Moving Average remained way above the candlesticks, indicating the downtrend UNI had been on since the May fall. Interestingly, visible range indicator was noting that the […]
Amid the death-cross narrative doing the rounds, the crypto’s price was on the verge of settling below the $30k range on 8 June. Opining on the recent price action, on-chain technical analyst Will Clemente recently stated that Bitcoin had a “funny” week as it kept ranging sideways and reacted in an utterly unexpected fashion. Highlighting an […]
The past few weeks witnessed quite a slump on the charts: consider this in April 2021, the price of Bitcoin stood at its all-time high at around $64,000. PlanB, the creator of the popular stock-to-flow Bitcoin model put forward his bullish take and even supported his arguments using his price analysis model. According to the […]
The much-anticipated Bitcoin Taproot upgrade passed the Speedy Trial, which was a signaling period which gauged support for the upgrade from bitcoin’s mining sector. Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. …Read the full story
In the past six months alone, ETH has risen by more than 300% while BTC has only risen by 85% in the same timeframe. DeFi on Ethereuem has matured drastically and layer 2 platforms present the network with the most important growth prospects. Additionally, as highlighted in an earlier analysis, institutions are already looking at […]
Bitcoin along with almost every other altcoin was trading in red including Chainlink, Bitcoin Cash, Uniswap with each of them reacting differently to these market changes. Post the June 8 dip, LINK kept testing the $22.7 support level; on June 10 the coin finally dropped below it, turning it into an active resistance level. According […]
The ongoing market correction has changed a lot of perspectives in the community about cryptocurrency. While for ETH, he added that it’s just the beginning, so a period of volatility and drawdowns are bound to be there. Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. […]
Two of the hottest trends that drifted over the past couple of years include institutional investment moving to include bitcoin in their balance sheets and environmental, social, and governance factors becoming a bone of contention. This misunderstanding could possibly lead to some repercussions that include the current bitcoin price consolidation phase. Disclaimer: AMBCrypto’s content is […]
The rallying crypto-market invited many newcomers to invest and with this rising investment, the expectations to use crypto at stores have also risen. According to a research report by PYMNT and BitPay, 18% of the adult population is likely to use crypto for purchase, a percentage that includes 46 million consumers. What’s more, the report […]
On one hand, El Salvador recently became the first nation to officially declare Bitcoin as its legal tender, and on the other, several nations have recently opined that their indigenous banks face a ‘threat’ from the world’s largest crypto-asset. The proposal did not specify any specific timeline, and hence, the implementation of these rules can […]
CNBC host Jim Cramer was in the news recently after he advised investors to be “patient” with Bitcoin’s price as more bearishness lay ahead for the market leader. As BTC moved south from the upper trendline of the pattern, its next dip would likely drag the digital asset back to the strong defensive zone between […]
Bitcoin Cash awaited a hike above $645 to initiate a rally, but first had to counter selling pressure. Interestingly, the SuperTrend Indicator placed a stop-loss at this region and would switch to buy from sell in case of a breakout. However, momentum was bearish-neutral, according to the Awesome Oscillator, and a breakout did not seem […]
As per the activation rules set by Speedy Trial, 90% of blocks mined within one of Bitcoin’s difficulty periods need to signal support for the said update. The proposed update would combine the Schnorr signature scheme with MAST and leverage a new scripting language called Tapscript. Using this, highly intensive transfer processing of smaller denominated […]
Bitcoin’s price has been going through a volatile phase lately, making the crypto-asset extremely sensitive to all kinds of developments. China recently announced a ban on the mining of cryptocurrencies in the Xinjiang zone citing “energy-saving environmental protection.” Xinjiang, along with Inner Mongolia and Sichuan, made up three important places in China contributing highly to […]
This, after a volatile few weeks which saw the world’s largest cryptocurrency trade as high as $58k in the second week of May, before depreciating dramatically on the charts. Nevertheless, as circled and highlighted in the attached chart, Bitcoin has been ahead of both cycle two and cycle three during different stages. If the same […]
The Bitcoin conference in Miami focused on the use cases of the Bitcoin network and the Lightning Network built on top of it to process faster payments. Dorsey carried back the experience of lightning-fast payments and in a recent tweet noted that it is only “a matter of time” before social media platforms like BlueSky […]
Trading volume has been an important metric to gauge the amount of market activity in 2021. May was a turbulent month for the ecosystem as both buying and selling volumes were taking over the industry. One of the reasons being its heavy altcoin list with USDT pairs, but it took a noticeable leap over Bitcoin […]
For the cryptocurrency market, crashing on the weekend has been somewhat of a regular occurrence. On the contrary, others have suggested that most short-term traders look to book profits on the weekend and sometimes, whales shake out weak hands. On 23rd May, the total crypto-market cap dropped by 8.73%, but it was down by almost […]
The cryptocurrency frenzy has hit its community members hard, without any signs of settling down soon. Talking about the former first, it has fallen by over 40% since the time it hit an ATH in April. #Bitcoin has jumped back over $36,000 today, while #Ethereum and #altcoins are staying flat. The world’s largest altcoin, at […]