Litecoin Is Undervalued, Onchain Indicator Suggests
Litecoin has rallied nearly 31% so far this year, but is still trading at discounted prices, according to an onchain metric called the MVRV Z-score.…
Tag: Markets
Bitcoin Holds Above 200-Week Average as Dollar Index Rallies Most Since February
Analysts expect the U.S. dollar to continue gaining ground in the near-term, keeping risk assets under pressure. The heavily shorted U.S. dollar surged against the basket of…
Bitcoin’s 50-Day Moving Average in Focus for Crypto Analysts After 11% Price Pullback
A break below the average would call into question the bull market’s strength, one analyst said. Bitcoin (BTC) has come under pressure of late amid…
Bitcoin’s Dominance Rate Runs Into Familiar Resistance, Hints at ‘Altcoin Season’ Ahead
Bitcoin’s dominance may have peaked, one observer said. The increase in bitcoin’s (BTC) dominance rate, or the largest cryptocurrency’s share of the overall crypto market, has…
Crypto Twitter Thinks the Fed’s $297B Balance Sheet Expansion Is ‘QE’, But It’s Not
According to some observers, the latest expansion in the Fed’s balance sheet is not outrightly stimulative like the one seen following the coronavirus-induced crash of…
Liquid Staking Replaces DeFi Lending as Second-Largest Crypto Sector
The value of cryptocurrencies deposited in liquid staking protocols has increased to about $14 billion, trailing just deposits at decentralized exchanges. Liquid staking, which allows…
Tokens of Optimism Ecosystem Surge as Coinbase Unveils Its Layer 2 Base
Coinbase said Thursday that it is leveraging Optimism’s technology to launch an Ethereum layer 2 scaling product, Base. Nasdaq-listed centralized digital assets exchange Coinbase (COIN)…
Crypto Analysts Scramble to Explain Bitcoin’s Pause Near $25K
Bitcoin is struggle to establish a foothold above $25,000, a level that capped the August 2022 price bounce. Bitcoin’s (BTC) upswing has come to a…
Bitcoin Primed to Rally to $56K as Nasdaq Breaks Out of Bull Flag, Chart Analyst Says
Analyst, who correctly predicted the late 2020 bull run, said 2023 could be a surprisingly good year for both crypto and equities. “Based on the…