The number of active ether addresses just clocked a recent high, possibly thanks to its growing role in decentralized finance.
Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities.
Ether’s put-call open interest ratio has jumped to 12-month highs. However, this increase is not necessarily a bearish signal.
Bitcoin’s correlation with the S&P 500 is somewhat erratic, but the relationship has just got stronger. That may not be bad news.
Bitcoin chalked out minor price gains on Sunday, ending its longest run of daily losses for half a year and avoiding a break below the ongoing restricted trading range.
The Compound token almost fell back below $200 earlier this week, before Coinbase rode to the rescue. It listed the token for retail users, and gave COMP a nice price bump.
The narrative that inflation arising from the massive coronavirus stimulus efforts would lead to a long-term rise in bitcoin’s price is looking weak with new data from the Federal Reserve.
Bitcoin looks set to end its three-quarter losing run despite having dropped to $9,000 earlier on Thursday.
Bitcoin’s price volatility has declined to levels last seen ahead of a major rally witnessed in October 2019. But will the pattern repeat this time?
Bitcoin is reporting moderate gains on Monday as gold, a safe haven asset, rallies amid renewed coronavirus concerns.