Ethereum (ETH), like Bitcoin (BTC), is correcting right into a tight range, as BTC cools off and finds course after the massive 42 p.c rally on October 25. The weekly close is approaching and traders are enjoying the weekend and ready for the close of the candle to give them a hint of the place the market would be going to subsequent. When in contrast, there are a variety of similarities between the weekly and each day charts of Bitcoin (BTC) and Ethereum. It is this skill that has attracted a lot of attention from major buyers as well as many of the world's top tech and monetary corporations. Mt. Gox was a Japan-primarily based crypto exchange that dealt with a lot of the world’s Bitcoin transacting in the early 2010s. In late February of 2014, a hacker or hackers stole 700,000-some Bitcoins from the platform, and the price of one bitcoin went from round $800 to lower than $600 (and briefly quite a bit lower than that). His strategy is much like the thesis of Adaptive Capital’s Willy Woo, who is very popular for predicting crypto price motion with on-chain metrics.