Is it the right time to start buying crypto? These are some of the questions that investors are grappling with right now. Even though the price of cryptocurrencies is trending lower, there is a good chance that cryptocurrencies will remain on the downside. One signal of such potential is bitcoin whales moving their coins to derivatives exchanges.
This usually happens when there is a bottom and buyers anticipate a new speculative rally. At the same time, the upcoming Ethereum consolidation has breathed new life into the cryptocurrency market, which has seen volumes hit new lows over the past few months. Some low-flying cryptocurrencies could blow up next week if the bulls regain full market control. Here's something to watch today.