Friday, December 4, 2020

John P. Njui

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$50k is Bitcoin’s Resistance in 2021, $10k is BTC’s Support – Report

Quick take: Bloomberg’s Crypto Outlook report for December forecasts a $50k resistance level for Bitcoin in 2021 This will bring its market cap to $1 Trillion $10k...

ETH Held By the Top 10 Ethereum Whales Drops from 16.4% to 4.5%

Quick take: The amount of Ethereum held by the top 10 ETH whales has dropped from 16.4% of the total supply to 4.5% in one...

Binance US to Support XRP’s Flare Networks Snapshot and Distribution

Quick take: Binance.US has officially announced its support for the Flare Networks snapshot This leaves Coinbase as the only major exchange yet to confirm support for...

Ethereum Locked in DeFi Drops by 2.23M ETH Since Mid-November

Quick take: The amount of Ethereum locked in DeFi has dropped by 2.23 Million ETH since mid-November The current amount of ETH locked in DeFi is...

Bitcoin Addresses Active in November Were Almost as High as Dec. 2017

Quick take: The month of November saw 19.6 million active Bitcoin addresses This amount is Bitcoin’s third-highest in its history A higher number of active Bitcoin addresses...

Bitcoin Hitting $200k by End of 2021 Looks Conservative – BTC Analyst

Quick take: Willy Woo has forecasted that Bitcoin could hit $200k by the end of 2021 However, he views this as a conservative estimate and Bitcoin...

Ethereum Addresses Holding One or More ETH Hits New ATH of 1,174,377

Quick take: The number of Ethereum addresses holding one or more ETH has hit a new all-time high of 1,174,377 The increase is due to the...

XRP’s Symmetrical Triangle Hints of a Breakout Past $0.80

Quick take: XRP has formed a symmetrical triangle on the 6-hour chart A resolution of this triangle could result in XRP retesting the $0.72 to $0.80...

Total Value Locked in DeFi has Risen by 2,000% in 2020

Quick take: Total value locked in DeFi has risen by 2,000% in 2020 January had a total value locked of $0.67B compared to the current level...

Bitcoin’s Attempt at $20k is a Classic Top Setup – Bollinger

Quick take: Yesterday, John Bollinger had cautioned that Bitcoin’s attempt at $20k is a classic top setup Bitcoin has since dropped from $19,900 to $18k in...

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