Author: Ethan Carter

After a slight dip yesterday from its recent peaks, Bitcoin (BTC) is now being traded in the low $120,000 range. At the same time, there has been a notable shift in BTC’s miner correlation over the last few months, signifying a distinct alteration in market dynamics between miner activities and pricing trends. Bitcoin Miner Correlation Turns Negative As reported in a CryptoQuant Quicktake post by contributor Arab Chain, new data from Binance highlights a significant transformation in the correlation between Bitcoin’s price and miner flows to the crypto exchange in recent times. Related Reading In particular, the 30-Day Rolling Correlation…

Polkadot parachain Phala is poised to transition to an Ethereum layer 2, following community approval of a proposal aimed at enhancing computational capabilities for enterprise clients.“Proposal Passed: Phala is Migrating to Ethereum L2!” a post from Phala X on Wednesday announces, noting that this marks a new phase for the project as it seeks “greater scalability and enterprise-grade security.”The post informs that Phala (PHA) token holders will be given the new ERC-20 variant at a 1:1 ratio, the “migration” is set to commence before Nov. 20, and that “staking, rewards, and governance” will proceed seamlessly on the new layer 2…

502 Bad Gateway

Key points:The Mayer Multiple indicates Bitcoin (BTC) is nearer to being “oversold” rather than “overbought,” even at record highs.The indicator has remained stable in recent months as BTC struggles to achieve a significant breakout.Current expectations do not support a blow-off top this month.Bitcoin (BTC) remains “ice cold” at record highs, as a traditional BTC price metric suggests potential growth to $180,000.Latest readings from the Mayer Multiple show that even at $120,000, BTC/USD is far from being overbought.BTC price gauge still close to “oversold”The absence of a blow-off top this bull run has drawn attention to onchain indicators, as market participants…

The price of bitcoin has now entered the euphoric phase of this bull cycle. While predicting the exact peak is challenging, the best on-chain indicators suggest significantly higher price targets for bitcoin than most people anticipate. Bitcoin Price Cycle Master One of the most historically dependable tools is the Bitcoin Cycle Master chart, which outlines undervalued, fair value, and overvalued areas based on on-chain fundamentals. In previous cycles, the bitcoin price frequently pushed beyond the aggressively valued line and touched or surpassed the overvalued limit at the peak. Currently, that overvalued line stands near $260,000, while a more plausible upper…

Key takeaways:XRP traded at $2.82 on Thursday, with a potential cup-and-handle breakout indicating a 120% rally to $6.20.The XRP/USD pair must convert the $3-$3.10 range into support, as $2.80 remains a significant level for traders.XRP (XRP) has experienced a decline over the past week, dropping to a low of $2.81 on Thursday. This marks a 23% decrease from its multi-year peak of approximately $3.66 to the current value of $2.82.XRP/USD daily chart. Source: Cointelegraph/TradingViewDespite this pullback, strong technical indicators on higher time frames and online data suggest that XRP’s upward potential remains promising.XRP shows the “most bullish pattern”: analystAnalyst Mickybull…

Bitcoin holders might want to adjust their price expectations for 2025, as a Bitcoin analyst claims that $110,000 has become a robust new bottom for Bitcoin.“You can start elevating some of your targets and asking, “Well, since we’ve established 110 as the floor, where do we advance from here?” James Check stated in a YouTube interview on Thursday.“An enormous base has formed at $2 trillion,” he mentioned, referring to Bitcoin’s (BTC) market capitalization, currently around $2.42 trillion. “We verified a trillion in 2024 and $2 trillion in 2025, so the key question now is how many trillions,” he added.Bitcoin at…

Bitcoin (BTC) has remained largely stable this week, trading around $121,300 after a modest 1% increase. While the price movement may seem uneventful at first glance, an analysis of key chart structures and investor behavior indicates that another correction may be necessary before a significant breakout occurs.Crucial indicators — both in chart patterns and on-chain data — suggest that a deeper pullback is forming beneath the surface, even as a new long-term target emerges.Sponsored SponsoredChart Patterns Indicate a Cooling Phase Before the Next Move UpBitcoin’s current configuration is evolving into a classic reversal pattern that has historically foreshadowed major rallies.…

On Friday, October 10, Bitcoin maintained a position above $120,000 as the wider cryptocurrency market experienced a minor pullback, indicative of a cautious outlook leading up to significant events later this month. The total global cryptocurrency market capitalization dropped by 0.9% to $4.24 trillion, with trading volumes surpassing $202…

Phala, a Polkadot parachain, is on track to transition into an Ethereum layer 2, following a community vote endorsing a new proposal aimed at enhancing computation services for enterprise clients.“Proposal Passed: Phala is Migrating to Ethereum L2!” a Phala X post from Wednesday states, highlighting this milestone as a pivotal moment for the project in its quest for “greater scalability and enterprise-grade security.”The announcement notes that Phala (PHA) tokenholders will be granted the new ERC-20 variant on a 1:1 basis, with the “migration” scheduled to commence before Nov. 20, ensuring that “staking, rewards, and governance” proceed without interruption on the…