If History Rhymes, Bitcoin is Likely to Start Developing a Long-Term Bottom
Bitcoin is currently undergoing a serious correction that has caused its price to see some significant losses throughout the past few days The cryptocurrency is now hovering just a hair above $30,000, with bulls struggling to support it above this level as bears take control Where it trends in the mid-term will undoubtedly depend largely on whether or not $30,000 holds as support Any major break below this level could be all that it takes […]
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Trevor George Smith Jr., professionally as Busta Rhymes asked his 3.8 million followers on Twitter what they think about cryptocurrencies. Rhymes questioned if anyone was into crypto and how people were feeling about digital currencies at the moment. Busta Rhymes Asks If He Should Buy Crypto The American rapper, songwriter, record producer, and actor, Busta Rhymes, discussed cryptocurrencies on Wednesday afternoon. Rhymes is well known for his music career and also has seen the most nominations for a Grammy Award without winning. On Wednesday, Rhymes addressed his millions of followers on....
The one and only Busta Rhymes joins the ever-growing community of hip hop artists interested in cryptocurrencies. Even though his interest is exploratory so far, the light a star of his caliber can shine over the crypto industry cannot be denied. A person like Busta Rhymes has cultivated an audience over the last few decades […]
American rapper Busta Rhymes is looking to get paid in bitcoin. Rhymes made news when he first posted on Twitter about being curious about crypto. The rapper had asked his fans if they knew about crypto. Which resulted in fans shilling the rapper their favorite coins. Busta Rhymes was no doubt overwhelmed with all of […]
Uniswap’s governance token – dubbed UNI – has been struggling to form a long-term bottom, as each rally results in it seeing significant selling pressure that stunts its growth and leads to further downside. This has led to the token seeing choppy price action, which has generally favored sellers. Bulls are now trying to slow […]
On-chain data shows Bitcoin long-term holder capitulation has deepened recently, but has not entered into the historical bottom zone yet. Bitcoin Long-Term Holder SOPR Continues To Observe Deep Values Below ‘1’ As explained by an analyst in a CryptoQuant post, BTC long-term holders have been realizing losses in recent weeks. The “spent output profit ratio” (or SOPR in short) is an indicator that tells us whether Bitcoin investors are currently selling at a profit or at a loss. The metric works by checking the on-chain history of each coin being sold to see what....