Bitcoin Market Analysis: Only 27% of Bitcoin’s circulating supply has moved in 2020. BTC/USD falls below $9,100.
Only 27% of Bitcoin’s circulating supply has moved this year, according to a NewsBTC report. This means that 73% of the supply has been dormant, with active traders utilizing margin, options and futures likely being the source of all of BTC’s volatility.
Ripple Price Analysis: XRP/USD bulls attempt comeback after price gets thwarted at $0.1773 line again
XRP/USD bulls took charge following a bearish Thursday. The price has gone up from $0.1748 to $0.1755 in the early hours of Friday. The price continues to trend in the lower half of the 20-day Bollinger Band.
Ethereum Market Outlook: Vitalik Buterin sheds light on ETH 2.0 scalability. ETH/USD freefall continues as price drops below SMA 50
Vitalik Buterin, the co-founder of Ethereum, recently said that the switch to ETH 2.0 will not occur overnight but will gradually scale the network to handle 100,000 transactions per second (TPS). He noted that Ethereum will likely rely on rollups as the network transitions to ETH 2.0.
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Lukas Enzersdorfer-Konrad, Bitpanda deputy CEO: “Crypto needs Gary Gensler gone”
Lukas Enzersdorfer-Konrad is the deputy CEO at Bitpanda, a broker based in Europe with more than five million users. At the European Blockchain Convention held in Barcelona, the executive shared with FXStreet his views on the current state of the crypto industry and its regulation.
Bitcoin still consolidates despite positive spot ETFs demand
Bitcoin (BTC) trades slightly up, around $64,000 on Thursday, following a rejection from the upper consolidation level of $64,700 the previous day. BTC’s price has been consolidating between $62,000 and $64,700 for the past week.
Why is ONDO’s price outlook bullish?
DefiLlama data shows that Ondo TVL reached a new ATH of $613.75 million. Ondo’s Supply Distribution metric shows whale accumulation. On-chain data shows that ONDO’s daily trading volume is rising, and the supply of exchanges is decreasing.
Maker price eyes a rally on technicals and on-chain metrics
Maker trades above $1,500 on Thursday, suggesting a potential rally as technical indicators show bullish divergence. This positive outlook is reinforced by MKR’s Exchange Flow Balance, which shows a negative spike, indicating growing investor confidence in the platform.
Bitcoin: Fed-led rally could have legs towards $65,000
Bitcoin is poised for a second consecutive week of gains, supported by the recent 50-basis-point cut in interest rates by the Federal Reserve. Bitcoin broke above several key technical resistances this week, signaling a rally continuation.
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