Bitcoin Has Never Been This Oversold vs Gold
Bitcoin has never been this oversold versus Gold in history. Contrarians should take notice.
Bitcoin has never been this oversold versus Gold in history. Contrarians should take notice.
The combination of higher transaction throughput and lower gas fees suggests that Ethereum's scalability upgrades are working as intended.
There can be no doubt that Bitcoin has been caught up in the technology selloff. At its heart, Bitcoin is an internet stock.
Over Christmas, Ethereum has started to reassert itself. It is now outperforming Bitcoin with a ByteTrend Score of 5 in BTC.
Bitcoin’s ByteTrend Score is back to a 2. It is positive that the price is trying to stabilise and has not breached the April low.
Little wonder Bitcoin is slack, as the hot money has found a new toy to play with.