From the outside, there’s just one cryptocurrency worth any mention, Bitcoin. The king coin holding over 62 percent of the market capitalization of the entire coin market will take some beating, and according to its opposers, the coin that has the best shot at dethroning the king is Ethereum. The second-largest cryptocurrency in the market,...Read More
Elrond is by far the best performing token of the leading 100 cryptocurrencies by market cap over the past week, with more than 110% as of writing these lines. ERD has surged by over 50% in the last 24 hours alone. Here is what might explain the price surge. Elrond Mainnet Can Be Interconnected with...Read More
The Bitcoin market lacked any momentum in June, and this resulted in its annualized volatility to dip to a 6-month low of 51% and a drop of 31% MoM in trading volumes. This period of stagnation caused the BTC’s correlation with the S&P 500 and gold to flip from 0.13 to 0.52 and from 0.50...Read More
Bitcoin fell. Not by a lot, but Bitcoin fell over the past 24-hours. At press time Bitcoin was being traded at $9171 with a 24-hour trading volume of $5.7 billion. Source: CoinStats And the effects of Bitcoin’s fall, owing to the high rates of correlation between the king coin and the alts, were felt by...Read More
It’s safe to say that July has been relatively dull for Bitcoin when it comes to price action. The major cryptocurrency spent the last week trading in a range between $9,100 and $9,400 without any major fluctuations. It’s also worth noting that legacy markets and Bitcoin’s price remain aggressively correlated. In fact, a lot of...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24 hours The top cryptocurrencies have been following the price trends in the Bitcoin market, however, with a price consolidation taking place in the BTC market, other alts have also been witnessing a reduced movement. The price of Ethereum recently saw a sudden...Read More
Even with Bitcoin trading in a tight range for the past two months, expectations of a Bitcoin push over $10,000 are bleak in comparison to the drop from this point forward. Going by the pricing of futures and options contracts from now till the end of 2020, the cryptocurrency is not seen in the best...Read More
Bitcoin Bitcoin saw a small 1% increase this week as it continued to trade sideways within the confines of a symmetrical triangle pattern. BTC has been trapped within this triangle since the start of June 2020, and a breakout will dictate the next direction. Looking ahead, if the buyers can rebound from the lower boundary...Read More
Stablecoins have played a very crucial part in the cryptocurrency ecosystem over the past few years, with the altcoins acting as significant drivers in terms of crypto-adoption. In fact, Tether, the market’s most dominant stablecoin, recently moved up CoinMarketCap’s list to become the third-largest cryptocurrency in the world – cementing its significance in the crypto-market....Read More
Max Kaiser is a well-known American broadcaster and filmmaker. His previous experience includes anchoring an analysis program called On The Edge and producing a TV series on the Al-Jazeera English network. Currently, he’s the host of his own widely-popular financial program called the Keiser Report. Apart from his TV and online appearances, Keiser is also...Read More
While it’s still not alt-season yet, many altcoins are stealing the shine away from Bitcoin. Looking down the coin ladder several alts catch the eye, and few outdo Binance Coin with its exchange-tethered used cases. The exchange-token of arguably the biggest cryptocurrency exchange in the market, BNB had a bittersweet 2019, While the first half...Read More
A popular cryptocurrency researcher recently pointed out that the stablecoin issuer Tether has blacklisted 39 Ethereum-based addresses holding over $46 million of USDT. Interestingly, the information surfaced soon after another report indicating that the CENTRE Consortium has admitted doing the same to a USDC address with $100,000 worth of the stablecoin. $46M In Stablecoin Addresses...Read More
Ethereum saw a 2.2% price decline today as it dropped from $250 level to hit $240 today. Earlier in the week, ETH rebounded from the strong $225 support, which allowed it to start to climb toward $250 this week. Against Bitcoin, Ethereum created a fresh 3-month high after breaking above 0.026 BTC to reach 0.0263...Read More
Can Ethereum lead the altseason? Another day, and another altcoin that can supposedly lead the altcoin season. Ethereum is in the news again after noted trader and analyst Peter Brandt claimed that ETH is in a great position to do so after he observed a breakout on the ETH-BTC charts. “Most alts should gain on...Read More
By Dmitriy Gurkovskiy, author at RoboForex Blog After growing for two days in a row, the XMR is stepping back: on Friday, July 10th, it is trading at 65.82 USD. Since last week, not much has changed on the XMR/USD chart. The pair behaves as other coins do, demonstrating little volatility. The price is moving between...Read More
Bitcoin’s brief foray above its immediate resistance failed. Again. As always, the king coin’s movement down the charts had a ripple effect across the altcoin market, with other cryptos like Litecoin, EOS, and Brave’s Basic Attention Token feeling the heat too. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin, now the eighth-largest cryptocurrency in the market,...Read More
The US Commodity Futures Trading Commission (CFTC) published a new set of regulations for derivatives assets, including cryptocurrencies. The agency is developing comprehensive rules for digital assets to promote innovation in the field. CFTC’s New Legislation For Cryptocurrencies The CFTC is the US’s derivatives regulator. According to the chairman, Heath P. Tarbert, derivatives, including futures,...Read More
Whenever a new technology or concept comes on the scene there are always those who will rush to study its ins and outs, as well as those who ignore the small print and dive straight in. Cryptocurrencies and blockchain technology are no different, with apps like Coinbase kidding many folks into thinking they have become...Read More
A New York state court ruled that the exchange, and companies connected to it, must face court claims according to Bloomberg. Last year, New York Attorney General Letitia James accused Bitfinex of hiding the loss of more than $850 million in client and corporate funds. Panama Firm in The Spotlight The firms in question have...Read More
The cryptocurrency world has moved past the largest crypto, Bitcoin, and has been recently paying attention to other important projects. Ethereum has been witnessing strong growth in its ecosystem despite a stalled price. The value of Ether at press time was $244.83, but the anticipation of ETH 2.0 has brought an increased interest in the ecosystem....Read More
Bitcoin and most altcoins have retraced slightly in the past 24 hours, after a few days of gains. Interestingly, similar price fallbacks are visible in the traditional stock markets, as the Dow Jones is down by 1.4%. Bitcoin’s False Breakout After the unsuccessful attempt to conquer $9,500, Bitcoin hovered above the significant 50-MA level at...Read More
