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a long-term move past the $640 mark. On the 18th of January, the BCH price moved above the $500 mark before a return to the $492 mark.

Bitcoin Cash stands at $497.57 at the time of writing. The highest price for the cryptocurrency in the past 24 hours was recorded at $509.52, while the price dropped to a low of $469.16 on the 18th of January. The BCH price suffered fluctuations between $472 and $492 before crossing the $500 mark.

15 technicals show a buy indication while nine are neutral and four are giving out a sell signal. Out of the 11 oscillators, we see two at the selling point, one at the buy position, and eight at the neutral indication. Out of the 17 moving averages, 14 favor a buy signal while one is neutral and two are at the sell indication.

Bitcoin Cash is testing the Bollinger bands midline and this is being tested on the 1D time frame. An increase can be observed in the expansion, which depicts an increase in price volatility. The cryptocurrency should see sideways movement on the short time frames for now.

Trading View analyst Master Shark’s Bitcoin Cash price predicts the breakout of a long triangle pattern. The analyst expects the price to move across the $637 mark.

The cryptocurrency moved above the triangle pattern in December 2020, with a retest of the broken trend line. The trade volume continuously increased since the Q3 of 2020. The Bitcoin Cash price prediction suggests a push towards the $637 level right after the price moves past this short accumulation zone above the broken trend line. The next targets for the cryptocurrency will lie at $666, $942, and then $1771 in the long-term. If it comes into play, this idea will result in a good payday for Bitcoin Cash hodlers.

Analyst Boss Mode Trader highlighted a breakout from the descending triangle pattern as well. The analyst expects the price to move above the $511 resistance, following a brief price correction and then a long run towards the $647 mark. The Bitcoin Cash price prediction puts the cryptocurrency in a big ascending channel, with a long-term target at the main channel’s top.

Analyst Hyper Boy has also come up with a triangle pattern on the BCH/USD charts. The analyst marked the breakout of the triangle formation in this Bitcoin Cash price prediction, and they expect a target price of $646 following the breakout in the long-term. Hyper Boy suggests traders continue hodling on the BCHUSD pair for 2021. The stop-loss for the trade setup is placed short of the $400 mark.

The Trading View analyst De GRAM believes that the BCH price will rise above the $560 level after bouncing off the bottom of an up-channel. The price currently rides the lower boundary of the ascending channel in this Bitcoin Cash price prediction.

move. On the 18th of January, the cryptocurrency’s price dropped to the $154 level.

At the time of writing, the XMR price stands at $154.620. The cryptocurrency currently has a market rank of 15 with a capitalization of $2,742,737,686. The daily high for the alt was $160.79, with the daily low at $150.75 for the 18th of January. The XMR price descended on the 18th of January and suffered from price fluctuations between $152 to $156.

The market sentiment shows that out of 28 technicals, nine are for a buy position, while nine stands neutral and 10 indicate a sell signal. Eight out of 11 oscillators are neutral and two stand in favor of a buying indication, while 1 is for a selling indication. The moving averages depict a neutral market sentiment with seven at the buying indication, one at neutral, and nine at the sell indication.

Across the 1D time frame, we see that the midline has been acting as support for the XMR price over the last few days. As the cryptocurrency continues to test the midline, there is a chance to slip below this range with a new target price near the lower Bollinger band at $126. The Bollinger bands also depict an increase in expansion.

Trading View analyst The Cryer is certain that XMR price will rise towards $299 after moving long. The cryptocurrency was expected to have its price dropped to $153 before this ascension. On the 18th of January, the price descended towards the $153 level.

Per this Monero price prediction, the best buying position – in green – lies between $100 to $150. This shows that the price is in a good buying zone at the moment, with a long position target towards $300. The idea shows a big descending triangle that the cryptocurrency broke towards the upside in Q4 2020. The price is expected to go long following the retest after the breakout.

Analyst Eralp Buy Ukaslan believes that the cryptocurrency will head towards the $135 level in a short position. We can see an ascending trend line in this Monero price prediction, below the flat support level at $135.1. The ascending trend line should provide enough support for the cryptocurrency to halt its bearish descent if it retests the $135 mark during the short-term trade.

price movements were rocky, while the Ethereum price predictions don’t offer much clarity.

The 24-hour high for Ethereum was recorded at $1,268, while the 24-hour low was recorded at $1,169. At the time of writing, Ethereum is priced at $1,193. The cryptocurrency’s price saw a decrease of 2.96 percent while the market capitalization amounts to $136.725 Billion, and the traded volume amounts to $29.258 Billion.

Out of the 28 technical indicators for Ethereum, 15 stand at the buy position, while nine are neutral and four are at the sell position. Eight of the total oscillators are neutral, with one sell and two buy indications. Out of the 17 moving averages, 13 are at a buy position with only one neutral indication and three sell indications. The market sentiment appears to continue to be bullish for Ethereum.

Analyst Vince Prince has identified the cryptocurrency operating on a steep upward trend line in his Ethereum price prediction. Per the analyst, Ethereum has also developed a triangle on the upward trend line. A break out from the triangle formation will confirm the future bullish or bearish divergence of the cryptocurrency.

The analyst furthers that Ethereum is operating in a coherent wave count inside the triangle, having completed wave A and B successfully. At wave C, Ethereum will reach a decisive zone.

A downwards break out from the trend line at wave C will invalidate all bullish momentum of the cryptocurrency. If fallen, Ethereum can be expected to have a pullback towards the EMA-30; in red, the now-support would then act as resistance. Breaking this resistance will indicate the overtaking of bullish pressures towards $1400. If the support fails, Ethereum can find support at the second ascending trend line near $1050.

In his Ethereum price prediction, Prince furthers that if Ethereum has an upward break out, it will enter a growth continuation zone to move towards the all-time high.

The year 2020 has not only seen a cryptocurrency bull run but an accompanying DeFi explosion as well. Massive adoption of DeFi reported in various partnerships with corporate giants has resulted in the Total Value Locked in DeFi to attain new highs. The DeFi hype would mean good things for Ethereum but not when competitors are after the queen’s throne.

Ethereum’s competitor Near Protocol (NEAR) has reported gains of 106 percent as the DeFi hype grew. Near Protocol is a relatively newer platform launched only in 2020, and it incorporates the Sharding technique that Ethereum has planned to include in its Eth2 upgrade. A few months after its launch, NEAR reported significant activity on the mainnet with some good applications live on the platform. Although being new, NEAR is gaining popularity that may soon rival that of the queen’s. The question arises, is the queen’s throne in danger?

However, concerns with the governance of the Near Protocol have arisen. A majority of the NEAR tokens are in the hands of a select few, who need not obey rules and regulations. These concerns, coupled with Ethereum’s established position, indicate that NEAR may not be able to pose a threat to the queen.

of the platform’s server. The incident caused a lot of financial and technical damages for the exchange, and it has instructed users to proceed with applications for fund repayment. Sadly, Livecoin would become the first popular cryptocurrency exchange to close operations this year.

As Cryptopolitan reported in December, an unidentified hacker(s) gained control of the exchange’s server, causing the Livecoin team to lose control of the platform. The attacker manipulated the exchange’s infrastructure and inflated the price of cryptocurrencies trading on the platform. The total money lost to the hackers wasn’t confirmed; however, it was estimated the exchange lost over $16 million based on its daily trading volume.

After several attempts to recover control of the platform, the exchange said it has decided to close the business as ”It is not possible to restore the work.” The collection of the applications for fund repayments is currently ongoing until March 17. The users have been instructed to send their identifying document to a new email address, “verification@livecoin.news.” The funds will be repaid to a user when only if the identity has been confirmed.

Meanwhile, the team will continue to run investigations on the matter to help identify the intruders. Livecoin also mentioned the increasing number of fake groups on different social media platforms. The exchange warned users to avoid joining or sending relevant information on these groups to avoid deception. 

Notably, the crypto industry is still in its nascent stage, where trust and asset security are very much important for mainstream adoption. Cases of scams and hacks scare people away from using cryptocurrency, therefore, threatening the growth of the cryptocurrency market. While exchanges are expected to tighten up their security measures, users can also avoid losses by using offline wallets.

according to a report on Monday by the Australian Financial Review. The cryptocurrency trader, Allan Flynn, alleged that the banks unlawfully closed his accounts, which consequently affected his exchange operations. Following the proceedings made against the two banks, Flynn is seeking compensation for damages incurred amid the banks’ systematic discrimination.

Per the report, Flynn operates a Bitcoin exchange with about 450 customers. Despite the platform being registered with the country’s financial intelligence agency, AUSTRAC, running the services has been challenging, as his accounts were allegedly closed by several banks operating in the country, including Bendigo Bank, ING, and others. For this reason, the crypto trader switched to opening another account with Westpac and ANZ for his Bitcoin exchange.

These accounts were allegedly closed immediately Flynn informed the banks that the accounts would be used to facilitate transactions with cryptocurrencies. “How am I supposed to run a lawful business if I can’t get a bank account?” Flynn said. According to the report, the bank said the account was closed because Flynn was “under investigation for cryptocurrency fraud.” The spokesperson for ANZ made it known that they don’t prohibit customers from dealing with cryptocurrencies. However, they don’t support businesses that issue or facilitate transactions involving digital currencies.

The Bitcoin exchange operator seeks about $192,000 (AUS$250,000) in compensation for the damages his business incurred due to the banned accounts. When Flynn reported the previous cases to the Australian Financial Complaints Authority, he was given $192 (AUS$250) as compensation, which he hasn’t even received. “It’s pathetic. I’d just lost my business, and they offered me $250 for stress and inconvenience.”

The current proceedings involving Westpac and ANZ were filed with the country’s ACT Civil and Administrative Tribunal. The hearing is scheduled to hold in the next two months. The spokesperson for ANZ says the bank is ready to defend the accusation.

price trades near $0.031 following a retracement after rising above $0.032.

The TRX price has been under an ascending move from the 17th of January. The cryptocurrency crossed the $0.032 mark at noon and reached a daily high of $0.032295, while the daily low for the crypto asset was $0.029677. At the time of writing, the TRX price stands at $0.0311.

The cryptocurrency’s price observed retracement towards the $0.031 mark on the 18th of January. Across the technicals, we see that the TRXUSD pair is at a strong buy. 19 out of 28 technicals show a buy indication, eight of them stand neutral and one is at a selling point. Seven out of 11 oscillators are in the neutral position, three are at the buying position while one is neutral. 16 moving averages are at the buy indication and one stands neutral.

The TRX price is headed towards the upper Bollinger band on the 1D time frame. The midline is acting as the support, with the target price near the $0.033 mark. This suggests a bullish market for the TRX/USD pair in this time frame.

Analyst Patrikas believes that the TRX price is starting an upward move towards the $0.18 mark. The analyst expects the cryptocurrency to move towards the $15 to $21 range in 2021.

The analyst marked a WXYX wave pattern on the 1W time frame. Once the cryptocurrency hits the $0.18 resistance, it should move upwards on a run towards the $5 level and the higher resistances.

An up-channel was marked inside the analyst’s main channel that suggests an upward or a downward breakout. The price traded near the channel’s midline, and a breakout here would have decided the next move for the cryptocurrency. The TRX price is currently retesting the local channel’s upper boundary before it can see further bullish activity. Important support levels for TRX/USD lie at $0.0296 and $0.0292.

Analyst Resolute expects the TRX price to go long above the $0.07 mark. Per the Tron price prediction, the cryptocurrency was accumulating between Q2 2018 and Q2 2020, and the coin has finally moved above the accumulation zone in the previous year. The 200-Day Exponential Moving Average (EMA) is acting as the support for the coin, which means that the cryptocurrency should look for an entry-level near its current trading zone with a long-term price target near $0.1.

appears to have slowed down lately. The cryptocurrency’s 24-hour price actions show high volatility even though previously the cryptocurrency had been dubbed as relatively stable.

Litecoin started on a positive note and attained the 24-hour high at $147 at the beginning of the day; however, it quickly spiraled downwards to the 24-hour low of $136. At the time of writing, the cryptocurrency was priced at $141. Litecoin price saw a decrease of 2.38 percent in the past 24 hours, while the market capitalization amounts to $9.296 billion, and the trading volume stands at $5.623 billion.

There are 10 buy signals of the 28 technical indicators, whereas neutral and sell signals are nine each. Eight of the total oscillators are neutral, with two buy indications and one sell indication. The moving averages stand at eight indications of buy and sell, each with one neutral indication.

In his Litecoin price prediction analyst, Jaguar Chaman is suggesting a short position for the cryptocurrency. Per the analyst, the current technical analysis indicates major retracements of the cryptocurrency. However, the long-term Litecoin price prediction is optimistic. The analyst has identified various trend lines for Litecoin.

Per Chaman’s Litecoin price prediction, if Litecoin breaks out of the current red trend line to the downside, strong corrections can be expected as the cryptocurrency will only stabilize at the dotted yellow ascending trend line, which has been acting as strong support for Litecoin.

In that scenario, Litecoin can have a potential value of $50, it can also go as low as $22 to the life support of the cryptocurrency. The Moving Average Convergence/Divergence (MACD) has also shown a downward trend towards the zero axis while the Relative Strength Index (RSI) appears to be moving downwards.

Litecoin has announced complete privacy of transactions to its users with its incognito network. The network will utilize an incognito wallet to allow anonymous Litecoin purchases. The anonymous transactions will take place with the pLTC token rather than the LTC, guaranteeing complete privacy and anonymity. Moving from pLTC to LTC results in the destruction of the pLTC tokens, so the anonymous transactions cannot be traced back to the user. Users operating on the incognito network will be provided with temporary addresses through a complex shielding procedure. 

Although users prefer private transactions and the incognito network can definitely result in increased adoption of Litecoin, it could also lead the cryptocurrency downhill. Governments all over the world are skeptical of cryptocurrencies and their lack of regulation.

Couple the already-present dislike with anonymous transactions, it will result in a mix – one the US regulatory authorities are not fond of. The US is clamping down on anonymous cryptocurrencies already, and the incognito mode will make Litecoin shine like an alarmingly bright star on their radar. 

Zhao. During a recent interview, the CEO fronted a rather optimistic prediction for Bitcoin this year. He said BTC is a much better asset to hold value than fiat currency.

In his prediction, Zhao opined that Bitcoin has the potential to spike by between five times and 10 times by the end of 2021. That’s in addition to the currently established crypto bull run that took Bitcoin’s price to a new ATH of around $42k before the crypto drew back to trade at around $35k. Zhao backed up his views with a few strong points.

For one, governments have been printing a lot of fiat money during the Covid-19 pandemic. This is claimed as an effort to implement quantitative easing in hopes of reducing the economic effects caused by the outbreak.

As a result, fiat currencies are now losing value. CZ estimated that the US Dollar alone has been inflated by between 20-30%. That makes a strong case for people who want to preserve the value of their wealth to buy Bitcoin, thereby contributing to a rise in its demand and the subsequent Bitcoin price increase. CZ seems to have a lot of confidence in Bitcoin, as revealed by his recent tweets.

A lot of Bitcoin opponents have expressed pessimism about it, saying it’s highly volatile. However, according to Binance CEO, BTC is actually way less volatile than some other popular assets like Tesla’s stocks. That means owning Bitcoin is less risky than owning Tesla shares.

The rise of DeFi has been another development that has given Bitcoin a much-needed push to go mainstream. Many DeFi projects have been launched, but CZ has some bad news about them. According to him, it’s likely that a majority of the current such projects will not survive in the long run. Either way, there is a strong indication that Bitcoin price will continue its upward trend.

further. As for the past 24-hours, Bitcoin peaked at $36,700 while the 24-hour low was found at $33,960.

At the time of writing, Bitcoin is priced at $35,739. Bitcoin price saw a 1.97 percent downturn in the past 24 hours, while the market capitalization amounts to $653.247 billion and the trading volume amounts to $52.36 billion.

The market sentiment for the cryptocurrency is still majorly bullish. Out of the 28 technical indicators, 13 are giving out a buy signal with nine neutral and six sell indications. Eight of the 11 oscillators are neutral with two buy indications and one sell indication. 11 of the moving averages stand at buy whereas five are at sell with one neutral indication.

Analyst Vince Prince has identified various important structures in his Bitcoin price prediction and per the analyst, the upcoming Bitcoin price actions will prove to be crucial for its future trajectory. Prince states that Bitcoin is developing a reverse head & shoulder (H&S) formation and a major decision zone will clarify whether Bitcoin will break out towards the upside or down from the formation. The analyst furthers the exponential moving average EMA-30 – in red – is acting as strong resistance for Bitcoin and the next important EMA, the EMA-140, lies on the neckline of the H&S formation.

Prince furthers that if Bitcoin breaks out downwards at the decision zone, it will enter a C-wave extension zone where it can go as low as $25,100 before it finds stable support. On the flip side, an upwards break out will indicate the cryptocurrency moving towards $38,500, where it will encounter strong resistance. Prince suggests that patience must be practiced, and trades should be based on the right confirmation as a false bearish or bullish confirmation can result in huge losses.

Bitcoin’s all-time high at $41,000 at the beginning of the year led to various Wall Street giants investing in the king of cryptocurrencies. The rally was headed by MicroStrategy, which invested $425 million, amounting to up to 85 percent of its cash reserves. Others such as Square and Miler Ventures followed suit.

All seemed well as long as Bitcoin was performing well but the cryptocurrencies are unforgiving, especially the king. A plunge of 25 percent from the all-time high put Wall Street companies that had invested a huge sum in the cryptocurrency in a precarious position. It is a known fact that cryptocurrencies are high-risk and high-reward assets, despite what the Bitcoin price predictions may have in the store. What is, then, the viability of investing a company’s cash reserves in such an asset?

Although some investors remain undeterred as the cryptocurrency’s long-term potential is more than good as per various Bitcoin price predictions. But the dive has, nonetheless, raised questions. It is not only the infamous price volatility of the cryptocurrency but factors such as susceptibility to hacking, fraud, and the ever-present threat of tightened regulations that also need contemplation. Investing cash reserves in Bitcoin can be a smart strategy but at what cost?

adoption by investment funds, traditional finance participants, family offices, and tech funds, and set new all-time highs in December, a figure that was over 100% higher than its previous value.

Now, there’s a new evangelist on the block, and it’s the former Canadian prime minister Stephen Harper. In an interview with Jay Martin, president of investment service Cambridge House, at the Vancouver Resource Investment Conference on Sunday, Harper said that Bitcoin was fit to be counted along with other hard assets like gold.

"We've seen the US dollar trend down in recent months…unless the US becomes a catastrophe, it's hard to see what the alternative is to the USD as the world's major reserve currency. Other than gold, #bitcoin, a whole basket of things… pic.twitter.com/E5atb4qRDf

— Neil Jacobs (@NeilJacobs) January 18, 2021

However, this didn’t mean that the US dollar was losing its prominence anytime soon. “Other than gold, [and] Bitcoin…I think you’ll see the number of things that people use as reserves will expand, but the U.S. dollar will still be the bulk of it,” Harper stated, when asked about the current state of the global financial market and which assets could make it to “reserve” status.

“It’s hard to see what the alternative is to the U.S. dollar as the world’s major reserve currency,”  he noted.

Harper has likely seen all of Bitcoin, at least information wise. He was the Canadian prime minister from 2006 to 2015, witnessing the asset’s inception, growth, first bubble, and eventual recovery in his term.

His comments for Bitcoin as a reserve asset came in favor of the Chinese yuan or the European unified currency Euro, stating that the former was subject to high levels of administrative restrictions while the latter faced long-term uncertainty.

Meanwhile, Harper added that central bank digital currencies (CBDCs) were an experiment that was “inevitable” but faced a difficult challenge in terms of governance, enforcement, and long-term viability.

“If you have a digital currency and the purpose of the central bank is to control inflation and create a stable currency and priceability, then digital currency is just kind of an evolution of the marketplace.”

Harper, however, added that if CBDCs were released as part of a series of “wild experiments to the role of central banking” it would worry him “a lot.”

— IMF (@IMFNews) January 17, 2021

Just last week, Miami mayor Francis Suarez announced that he was considering buying Bitcoin for the city’s treasure, becoming one of the first US politicians to speak positively about cryptocurrencies and the formal use of Bitcoin in a hard asset setting.

He said such a purchase could make the city of Miami one of the most crypto-forward and technologically advanced cities, adding that the hypothetical reserves could have already been “200 percent higher” had he taken the decision to invest earlier last year.

Suarez further stated that he was even looking into allowing citizens to pay taxes and fees to the city in Bitcoin, a move that would make it “the easiest place in the United States to do business if you’re doing it in cryptocurrencies.”

Miami Mayor Francis Suarez publicly said he is considering purchasing Bitcoin for the city’s treasury.

The official has spearheaded progressive technology regulation for the East coast city.

Believe it or not, a majority of 2017’s rally that took Bitcoin from $500 to $20,000 in 18 months’ time was catalyzed by retails investors — people like you or me.

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Today sees the Bitcoin bulls mounting a fightback following the weekend slide.

The price of Bitcoin is hovering under $37,000 after the correction from $40,000 in the past 72 hours.

A large narrative over the past few months is the introduction of institutional capital to the Bitcoin space.

a strong buy signal with just one neutral indication. While out of the 11 oscillators only one stands at the buy indication with eight neutrals and one sell indication. The overall market sentiment stands at the greed score of 79, while last week it stood as high as 94.

Analyst Hossein Mohseni explained in his Binance coin price prediction that BNB is likely to hit the $46 mark. However, it seems that the bearish pressure on Bitcoin affected the cryptocurrency’s performance.

The cryptocurrency faced heavy resistance in the market earlier in the week as well. The currency suffered a loss of around 20 percent at the beginning of the week. Going downtrend initially the Binance Coin competed with the resistance and after diving up to $35 the cryptocurrency found strong support at the $34 mark. The strong support allowed BNB to move in an ascending channel following the overall market trend. Mohseni laid out the weekly movement in a wave formation starting at the $34 low when the cryptocurrency went up to $40 (point 1 on the chart) only to dive down to the $38 level (point 2 on the chart). BNB has since been moving in an ascending channel.

Although Mohseni’s Binance coin prediction did not play out to the $46 mark. However, at the time of writing, the moving average convergence/divergence is still giving out bearish flags. It appears that the bullish trend may have slowed down for Binance Coin but the likely hood to hit the $46 mark still stands valid.

Another analyst Sunstorm Invest shows a large reverse head and shoulder (H&S) pattern forming on the Binance Coin chart in his Binance coin price prediction. The head started forming. on the charts on the 10th and 11th of January. While the current price movement is completing the second shoulder on BNB charts. A clear bullish signal that allows traders to believe that a further price hike is in order.

While the recent Binance partnership with Poly Network is also likely to provide additional market and psychological support to the Binance Coin. Poly Network is a cross-chain interoperability network that extends Binance’s reach into new untapped areas of the cryptocurrency market. Although Binance coin price predictions are positive, cryptocurrency is a volatile market that can sway in any direction, cautious trading is always advised to ensure a safe trading experience and good yields. As always, we will advise holding a furthermore to see the ascending channel safely building form before your next trading decision.

differently.

Even though analysts have warned that people should not fall prey by selling their BTC holding while the whales are carting in more, people remain scared that $41,000 may the pinnacle for Bitcoin’s post halving bull run.

According to numerous experienced analysts, Bitcoin is bound to experience pull back while on a bull run cycle, hence the over 20% pullback was expected.

While there is still no strong signal that Bitcoin could still break the $41,000 all-time high resistance upward, the whales in the market seem to have a surprise for many.

Bitcoin whales continue to see this point as another good entry-level to make gains when Bitcoin eventually rallies up. Added to that, a report has it that the number of Bitcoin whales in the market is on the rise.

According to data from Glassnode, the big surprise is that while the number of Bitcoin whale continues to increase, Ethereum whales are decreasing in number.

The latest data confirms that the number of addresses with 1,000 BTC or more (circa $37+ million), has surged to 2,425. The figure shows that the number of Bitcoin whales hit a new all-time high. Further statistics shows that it is likely the number keeps increasing.

Previous ATH of 2,424 was observed earlier today

View metric:https://t.co/cjV0krRVgK pic.twitter.com/WBiQqXtcSH

— glassnode alerts (@glassnodealerts) January 16, 2021

The record is somewhat encouraging for the market as the number of Bitcoin whale surged by 1 from its previous all-time high. Since Bitcoin whales are large investors of Bitcoin, they have tangible control over the market price of the cryptocurrency. They can easily crash the price of Bitcoin by dumping their assets on the market. Hence, the increase is a good sign for the market.

The increase in the number of Bitcoin whales, however, does not have a positive correlation with the price of the cryptocurrency. While Bitcoin price plummeted from around $41,000 to around $35,000, the number of whales moved from 2,370 to 2,425, thus showing a negative correlation.

Similarly, the trend in the number of Ethereum whales and price are also negatively correlated. Nevertheless, the reverse is the case here. As Ethereum, the second-largest cryptocurrency by market cap, manages with a fairly good price, staying above $12,000 up till the press time, there has been a decrease in a number of whales holding 1000 ETH ($1.2+ million) lately.

The number dropped from 7,007 to 6,985 within 24 hours. Even though the record is quite worrisome, speculations are rife that Ethereum will outperform Bitcoin in the bullish cycle and the cryptocurrency is living up to it.