Bitcoin Cash Price Analysis: BCH is up 50% in the past four days
BCH was trading sideways throughout October and most of November until a massive 20% breakout on November 21, driving Bitcoin Cash price above $300 for the first time since September 2. The digital asset could be facing some short-term selling pressure.
Stellar Lumens Technical Analysis: XLM seems ready to retrace after a 200% spike in November
Stellar has rallied by 200% in November alone, achieving a monthly peak of $0.219. The remarkable growth followed the bullish cycle across the cryptocurrency market. Meanwhile, a massive correction seems imminent, now that the price has dropped under $0.2.
More than 15 million new Ethereum “hodlers” have joined the network in the past year anticipating a massive breakout
Data from IntoTheBlock shows that the number of addresses holding Ethereum for over a year has gone up 67% within the last 12 months. This could be due to growing excitement around ETH 2.0, as stakers expect staking rewards.
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Bitcoin Layer 2 Merlin chain TVL climbs 20%, defying broad market correction
Merlin chain’s TVL added 20% this week, and crossed $800 million on Thursday. Bitcoin Layer 2 assets noted double-digit losses in the past week. Stacks, Elastos, SatoshiVM, BVM are hit by a correction as Bitcoin hovers around $61,000.
If Bitcoin restarts bull run, these altcoins are likely to explode Premium
If Bitcoin’s consolidation ends and the bull run resumes, altcoins are likely going to trigger a massive rally. Last cycle’s hot tokens like SOL, AVAX, WIF, ONDO, etc., could see renewed enthusiasm.
Bitcoin: BTC’s rangebound movement leaves traders confused
Bitcoin (BTC) price has been hovering around the $70,000 psychological level for a few weeks, resulting in a rangebound movement. This development could lead to a massive liquidation on either side before a directional move is established.