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The 3 Factors Fueling Ether’s 2020 Rally

The 3 Factors Fueling Ether’s 2020 Rally

Ether (ETH) has had a great 2020 so far. Though down nearly 20 percent from recent highs, the second-largest cryptocurrency by market value is still up a solid 80 percent on a year-to-date basis. 

Ether bottomed out near $115 on Dec. 18 and rose sharply to a high of $289 on Feb. 15. That was the highest level since July 2019, according to CoinDesk’s Ether Price Index. 

To be sure, prices have…

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[thecryptoreport]

On-chain Activity Suggests Bitcoin Price Volatility Will Continue, Thanks to ‘Whales’

On-chain Activity Suggests Bitcoin Price Volatility Will Continue, Thanks to ‘Whales’

Bitcoin’s (BTC) price volatility spiked in January and could further increase over the near term because “whales” have surfaced.

The cryptocurrency’s annualized volatility grew roughly eight percentage points in January to a three-month high of 58.2 percent, according to Kraken’s monthly report. 

Volatility rose as bitcoin’s price rallied from lows near $6,850 on Jan. 3 to a three-month high…

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Exchange Deposits in Bitcoin Slide to Lowest Level in 3 Years

Exchange Deposits in Bitcoin Slide to Lowest Level in 3 Years

The number of bitcoin on-chain deposits has dropped sharply over the last six months, indicating a strong optimistic or “HODLing,” sentiment in the market. 

The seven-day average of the number of transfers to exchange addresses, or unique daily exchange deposits, fell to 23,986 on Jan. 1. That’s the lowest level since November 2016 and comes after topping out at 58,925 at the end of June 2019,…

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