The global crypto market is an exciting and volatile mix of speculation and innovation, and Bitcoin lies at the center of it all. Performance-wise, since Bitcoin is the first cryptocurrency ever released to the public, its performance usually leads the market. We take a deep dive into the burgeoning world...
Benjamin Cowen, a widely followed crypto analyst and influencer, has issued a warning for altcoin investors. His analysis shows that we’ve entered a correction phase in the market, what he calls “Step 2” in his 2025 roadmap. Ethereum’s free fall Ethereum is going through the worst market bloodbath, and with...
Bitcoin dominance is ripping, breaking the 63.96% level and nearing a key area of resistance in the form of the .46% level near 64.45%. This new high has been reached at the same time that Bitcoin had a major price correction in mid-April. The crypto market as a whole is...
The crypto market is a mercurial, unpredictable creature, and at the moment it’s Bitcoin that’s calling the shots. Bitcoin dominance has gone parabolic, reclaiming firmly above the 63.96% region and is now looking to reach a crucial zone at approximately 64.45%. This is not just a wonky number, it is...
Ethereum had an exciting week filled with activity. Ultra large exchange inflows spike, growing dedicated addresses holding assets, high futures liquidations. On Thursday, exchanges experienced net inflows of 178,900 ETH, marking a local bottom amid a period of heightened volatility. Though facing bearish pressure above the $1,800 level, accumulation addresses...
A new Layer-1 Ethereum competitor, called INIT, saw a massive price increase after launching on Binance’s Launchpool. Binance, the world’s largest crypto exchange platform by volume, listed INIT on its Launchpool during the first week of August. INIT price is up 40.95% in the last 24 hours. As of this...
It’s no secret that the altcoin world is the wild west of crypto. It’s a digital wild west where fortunes are made and lost before lunch. BlockOpulent.com is here to help you make sense out of this wild and crazy world, cutting through the jargon and hype, and giving you...
Bitcoin has surged back into the headlines, and BlockOpulent is your resource to help make sense of the signals. The cryptocurrency is on the offensive again, now well above the $90,000 mark with the same cosmic gale forces of global tensions and macroeconomic chaos swirling around it. For those navigating...
Indeed, as Bitcoin’s price has skyrocketed the $100,000 mark seems closer than ever before. According to one recently bullish crypto analyst, the cryptocurrency recently broke out of a four-month falling wedge pattern earlier this month, signaling renewed bullish sentiment. Recent gains are due to wider positive sentiment in risk-on assets,...
The crypto community has been aflame with excitement over Ethereum’s tremendous gains— especially as the second-biggest crypto hit that $2,700 threshold. Granted, ETH has rebounded – a commendable 26% off its early-April bottom. Don’t let the green candles blind you. As an analyst living in Tokyo, I’ve witnessed these rallies...