PayPal opening up its network to bitcoin and crypto is a game-changer, but the announcement hides a bigger and more important message.
Bitcoin remains in an uptrend but is facing signs of exhaustion above $13,200, suggesting that a minor correction could drag altcoins lower.
Bitcoin had previously failed to close above $13,000 every day since Jan. 15, 2018.
A Friday note outlines institutional, corporate, and Millennial interest in the leading cryptocurrency.
Market observers were not surprised by an immediate but mild sell-off of bitcoin after it hit 2020’s new highs.
Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices.
Continued rise in network’s usage could accelerate the price rally.
Chainalysis Chief Economist Philip Gradwell tips his five favorite blockchain data points for analyzing cryptocurrency markets.
CME has risen to second place in terms of bitcoin futures open interest, passing Binance and BitMEX.
We talk to Philip Gradwell, chief economist at the blockchain intelligence firm Chainalysis, to discuss the five indicators every crypto trader should track.