Market Analysis

8M Ethereum Out of Circulation Points to a Supply Shock

September 16, 2021 0

Key Takeaways Around $28.8 billion worth of Ethereum has been put out of circulation through the ETH2.0 deposit contract and EIP-1559. Meanwhile, the ETH available on trading platforms has plummeted to a three-year low. The […]

Market Analysis

$1 Billion in ETH Burned Since London Upgrade

September 16, 2021 0

The amount of Ethereum burned since the London upgrade in early August has just reached a milestone of one billion dollars’ worth. The milestone figure was observed by EthHub and Daily Gwei founder Anthony Sassano […]

Market Analysis

Bitcoin (BTC) Continues Ascent Towards $50,000 Level

September 16, 2021 0

Bitcoin (BTC) resumed its ascent on Sept 15, confirming the breakout from a parallel descending channel. It is rapidly approaching the closest resistance area at $49,070. Due to a confluence of Fib levels, there should […]

Market Analysis

Coinbase Files For Futures and Derivatives Trading

September 16, 2021 0

North America’s largest crypto exchange Coinbase has taken the first steps in making an application to allow futures and derivatives products on the platform. On Sept 16, Coinbase stated that it had filed an application […]

Market Analysis

BNB Stops Bleeding With Bounce at Support

September 16, 2021 0

Binance Coin (BNB) has put and end to its downward movement by bouncing at the $385 horizontal support area. While a short-term bounce seems likely, the direction of the longer-term trend is not yet clear. […]