Tag: Bullish

Vitalik Buterin highlights what he’s bullish about for 2023

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Ethereum co-founder Vitalik Buterin has shared some bullishness for the year ahead, including reaching a new milestone for rollup scaling as per the Ethereum roadmap. The Ethereum developer also confirmed the rollout of the Ethereum Improvement Protocol (EIP) 4884 sometime in 2023, which had been removed as part of the upcoming Shanghai upgrade package set for March. Responding to a Dec. 31 post from former chief technology officer of Coinbase, Balaji Srinivasan, asking users what they were bullish for in 2023, Buterin said he was looking forward to reaching the “basic…

Analyst Explains Why Ethereum Is Bullish Against Bitcoin

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An analyst has explained that the absence of miners on the Ethereum network could be bullish for the ETHBTC ratio. Miners Provide A Persistent Selling Pressure On Bitcoin As explained in a tweet by Tom Dunleavy, a Messari research analyst, BTC miners sell almost all the coins they mine. The below chart contains data about the top ten public Bitcoin mining companies, displaying information such as how much each of them mined this year, the amounts that they sold, and the size of their current holdings: Looks like Marathon is…

Bitcoin Bullish? Smaller Investors Show Rapid Accumulation

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On-chain data shows small Bitcoin holders have accumulated recently while whale holdings have decreased, a sign that may be bullish in the long term. Bitcoin Investors With 0-1,000 Coins Have Increased Their Holdings Recently As a Twitter user has pointed out using data from Santiment, holders with wallet amounts in the 0-1,000 coins range have aggressively accumulated at recent lows. The relevant indicator here is the “Bitcoin Supply Distribution,” which tells us which wallet groups are holding what percentage of the total supply right now. Wallets (or more simply, holders)…

Bitcoin and these 4 altcoins are showing bullish signs

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Cryptocurrency markets lack any signs of volatility going into the year-end holiday season. This suggests that both the bulls and the bears are playing it safe and are not waging large bets due to the uncertainty regarding the next directional move. This indecisive phase is unlikely to continue for long because periods of low volatility are generally followed by an increase in volatility. Willy Woo, creator of on-chain analytics resource Woobull, anticipates that the duration of the current bear market may “be longer than 2018 but shorter than 2015.” Crypto…

Crypto Exchange Bullish Terminates SPAC Merger Deal

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Cryptocurrency exchange Bullish confirmed on Thursday the termination of its agreement with special purpose acquisition company (SPAC), Far Peak Acquisition Corporation (NYSE: FPAC), thus ending its ambitions to become a public firm. Grab your copy of our latest Quarterly Intelligence Report for Q3 2022 before your competitors and stay up-to-date with crucial developments in the Forex and CFD industry! The two companies mutually agreed on the deal’s termination, which was originally announced on 8 July 2021. It would have made Bullish a publicly traded cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency…

Litecoin (LTC) Continues to Gain Bullish Moment as Year End Approaches, Orbeon Protocol (ORBN) Predicted to 60x by 2023

Place/Date: – December 23rd, 2022 at 5:01 am UTC · 3 min read Source: Orbeon Protocol Investors have been comparing Orbeon Protocol’s (ORBN) meteoric pre-sale surge to that of more established cryptocurrencies like Litecoin (LTC), which is also doing quite well at the moment. Orbeon Protocol is currently in phase 3 of its presale and already doing extremely well with massive price gains. Analysts predicted it to grow by 6,000% by 2023. In this post, we investigate the reasons behind Orbeon Protocol’s (ORBN) pre-sale performance, which has resulted in massive…

Peter Thiel-Backed Crypto Exchange Bullish Calls Off SPAC Deal

“Our quest to become a public company is taking longer than expected, but we respect the SEC’s ongoing work to lay new digital asset frameworks and clarify industry-specific disclosure and accounting complexities,” said Bullish Chairman and CEO Brendan Blumer in a statement, referring to the Securities and Exchange Commission. Source

Crypto exchange Bullish announces termination of SPAC deal, citing SEC practices

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Bullish, a crypto firm that came to public attention in July 2021 for seemingly being unclear on what products or services it was offering, has announced the termination of a deal aimed at taking the company public. In a Dec. 22 announcement, Bullish said it had reached a mutual agreement with Far Peak Acquisition to no longer merge in a deal for a listing on the New York Stock Exchange. Bullish chair Brendan Blumer, also the CEO of Block.one, cited the United States Securities and Exchange Commission’s work to “lay…

Tron Shows Bullish Energy And Attracts Investors To Buy TRX

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TRON has been on an uptrend and looking bullish for the past 12 hours. The technical indicators all imply an increased demand on the asset and a steady streak.  Here’s a quick glance of how the crypto has been performing of late: TRX price up by 0.20% as of this writing Technical indicators show increased TRX demand TRON second in line in terms of TVL Tron Price Retraces By Half According to CoinMarketCap, TRX price has spiked by 0.20% or is trading at .05529 as of this writing. TRON has…

Bullish On Chart As Chainlink Price Dips To Multi-Month Low

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The Chainlink price has dropped to an eight-month low as the coin fell from the $6.30 price level. Since the Chainlink price has touched a multi-monthly low, the chances of the price turning around remain extremely likely. As Bitcoin slipped on its chart too, most altcoins have been depreciating on their respective charts as well. The technical outlook of the coin was bearish as accumulation decreased due to an increase in liquidation. Broader market support is necessary for LINK to propel its price to a higher level. For instance, Bitcoin…