Price Analysis 8/12: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
Bitcoin and many altcoins are forging bottom patterns as sentiment in crypto and equity markets continues to rise improve.
Price analysis
Bitcoin (BTC) couldn't break through the $25,000 barrier on August 11, even though it had two catalysts in the form of a "favorable" consumer price index and the announcement that BlackRock – the world's largest asset manager, overseeing over $10 trillion in total assets – had launched a spot Bitcoin investment product.
In comparison, Ether (ETH) managed to hold on to its recent gains on learning that the Goerli testnet had successfully enabled proof-of-stake, paving the way for the Ethereum mainnet transition scheduled for the 15th or September 16. de Santiment shows that Ether Whale transactions have increased alongside a possible accumulation of whales.
Daily performance of the cryptocurrency market. Source: Coin360However, analysts remain divided on the outlook for the current recovery. While some think Bitcoin's rally could go above $28,000, others aren't so bullish and...
Bitcoin and many altcoins are forging bottom patterns as sentiment in crypto and equity markets continues to rise improve.
Price analysis
Bitcoin (BTC) couldn't break through the $25,000 barrier on August 11, even though it had two catalysts in the form of a "favorable" consumer price index and the announcement that BlackRock – the world's largest asset manager, overseeing over $10 trillion in total assets – had launched a spot Bitcoin investment product.
In comparison, Ether (ETH) managed to hold on to its recent gains on learning that the Goerli testnet had successfully enabled proof-of-stake, paving the way for the Ethereum mainnet transition scheduled for the 15th or September 16. de Santiment shows that Ether Whale transactions have increased alongside a possible accumulation of whales.
Daily performance of the cryptocurrency market. Source: Coin360However, analysts remain divided on the outlook for the current recovery. While some think Bitcoin's rally could go above $28,000, others aren't so bullish and...
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