Bitcoin Market Shows Signs Of Euphoria, Will $30,000 Be Lost?
Data shows that Bitcoin investors are showing a high amount of hype around the break above $30,000, something that may end up backfiring. Bitcoin Investors Are Showing High Levels Of Euphoria Currently According to data from the on-chain analytics firm Santiment, euphoria in the market is currently significantly more than what was observed following the break above the $25,000 level last month. The indicator of interest here is the “Social Volume,” which tells us about the degree of discussion that’s taking place around a specific topic (like Bitcoin or the cryptocurrency....
Today is the day everyone in crypto has been waiting for: popular Bitcoin exchange Coinbase has been publicly listed on the stock market for the first time ever. The entire industry is buzzing, still euphoric from the months of nothing but green candles. However, the euphoria could be blinding market participants to the fact that […]
Crypto euphoria gets a reality check as bitcoin and ether tumble, though XRP is still trading well as SEC-inflicted damage proves limited.
Bitcoin price this week surged over $1,000 in a single day on the heels of positive PayPal support news. Just three weeks ago, however, negative sentiment was recently at all-time lows, and shorts were climbing. But in a flash, sentiment has rapidly turned and already reached euphoria. What does this sharp and sudden sentiment shift […]
Both Bitcoin and Litecoin have cashed in on the euphoria incited by the launch of Coinbase new licensed Bitcoin exchange. It was indeed an opportunity for traders to pump the market based on optimistic fundamentals. While Bitcoin rose naturally, Litecoin remained to be its sidekick, tailing its trend. Here is a quick recap of Litecoin price movements in the last few days. The LTC/USD was trending sideways in a congestion pattern. There was absolutely nothing in terms of trading volume, only until Coinbase released some details about its upcoming Bitcoin exchange. It was Bitcoin traders....
Even as the bitcoin market shows signs of bullish exhaustion after logging a 1,500-percent-plus upside move in the previous 13 months, all is not lost. Investors with a long-term growth outlook still want to hold onto the flagship digital asset, iterating their expansive bullish stance on it. The analogy appears out of a chart from […]