Bitcoin SV, the persistent hardfork of a hardfork of Bitcoin has now become a mainstay in the top-10 coins in the cryptocurrency market. Currently placed on the eighth spot with a market capitalization of $3.41 billion, behind its big-brother Bitcoin Cash which has a market capitalization of $4.3 billion. Looking at the price of BSV,...Read More
Bitcoin’s dramatic fall in the month of March elated many who were critical of the king coin’s store-of-value and safe-haven characteristics. In fact, a recent paper highlighted the same, while also suggesting that for investors who choose to have a percentage of their portfolios allocated to Bitcoin, there is an increased downside risk. This is...Read More
Taking a leaf from the Bitcoin playbook, Ethereum, the largest altcoin in the market has been playing stable. Since the end of May, the latter has been trading sideways, going through Q2 2020 riding a massive bullish wave after a disastrous end to Q1. On March 12, as Bitcoin dropped by over 50 percent, Ethereum...Read More
India saw a rapid increase in cryptocurrency trading amid the lockdown period, and after the Supreme Court overturned the Reserve Bank of India’s decision to ban crypto businesses, the Hindu reports. India’s Crypto Trading Volume May Be Up to $30M Per Day The strict social distancing rules, which were adopted at the end of March,...Read More
XRP, now the fourth largest altcoin in the market has not had the best few months. In the recently concluded Q2 2020, the altcoin saw a quarterly price gain of less than 2 percent, its market dominance which now stands at 3.16 percent of the total crypto market fell by 1.3 percent between March and...Read More
Over the past decade, Bitcoin’s evolution and perception can be best typified by a revolving door. From being conceptualized as a peer-to-peer electronic cash system, Bitcoin is today seen as a store of value, an asset with safe-haven properties that can be used to hedge against socio-political and economic uncertainty. However, is that the case?...Read More
Cancel Culture – A term that has been doing the rounds lately after the open letter by Harper’s, one signed by the likes of Noam Chomsky, Margaret Atwood, Salman Rushdie, and J.K Rowling went viral. At its simplest, it refers to the withdrawal of popular support after a public figure or entity says or does...Read More
Despite speculations that miners may abandon ship following the 2020 Bitcoin halving, the network’s security has been primarily increasing, and the hash rate reached a new ATH days ago. In response, the network increased the mining difficulty earlier today by almost 10%, reaching a fresh all-time high as well. Bitcoin’s 10% Difficulty Enhancement Upon creating...Read More
In the global cryptocurrency world, the price of Bitcoin is always measured in dollars. As things stand, Bitcoin is trading at $9,200, and it has been trading around this price range for the better part of three months now. But looking at the larger picture, of a decentralized currency at a time of economic uncertainty...Read More
We’re now into the third month of low volatility in the cryptocurrency markets. Owing in larger, or complete part, to Bitcoin trading in a tight trading zone between $8,800 to $10,000. But it looks like the wait for the largest cryptocurrency in the market, holding over two-thirds of the total market, to turn the tide...Read More
XRP surged by a strong 9.5% over the past week as the coin reclaims $0.20. The cryptocurrency is facing strong resistance at the 200-day EMA at around $0.21. Against Bitcoin, XRP has started to recover as it attempts to break the 2200 SAT resistance. XRP/USD: XRP Buyers Holding Above $0.2 Key Support Levels: $0.192, $0.18,...Read More
It would be inaccurate to suggest that contrary to popular expectations, all altcoins defied the trend to note gains while Bitcoin struggled to do so on the charts. Not all alts. While the likes of Tezos and Chainlink took the opportunity to appreciate, the movements of others like Bitcoin Cash, Dash, and EOS were more...Read More
Middle East’s Lebanon is a country with well-known economic issues, deepening for years and peaking during the COVID-19 pandemic. With the nation’s unfavorable situation, numerous prominent economists have offered widely-ranging solutions to the depreciating local currency and USD dependence. Nevertheless, a recent report explored the possibility of a more untraditional solution – Bitcoin. Lebanon: How...Read More
Bitcoin, the world’s largest and most-recognized cryptocurrency, continues to trade with low market volatility on the charts, with BTC, at the time of writing yet to breach its longstanding resistances. The crypto’s movements over the last 2 weeks or so have been very contrary to the expectations many had from the king coin, especially since...Read More
Tezos’s recovery is quickly approaching the March level of $3.3 after gaining almost 33% in 7 days. It has resumed a mid-term bullish trend following a break above a crucial resistance line across trading pairs. XTZ/USD: Tezos Charging Towards June Resistance Key Resistance Levels: $3.3, $3.5, 3.9 Key Support Levels: $2.85, $2.75, $2.69 XTZ/USD. Source:...Read More
A recent report informs that Singapore has developed a fully functional blockchain-based payment network allowing faster and cheaper international settlements. The team behind it, including investment giant Temasek and US multinational bank JP Morgan, is finalizing technical details for the prototype, and the final product should arrive soon. Singapore Taps Blockchain For A Payment Network...Read More
Cryptocurrency markets have remained in consolidation over the weekend with little movement from the high cap coins. Total market capitalization has increased slightly to $274 billion, but in general, things have remained in consolidation. Bitcoin prices dipped to a weekend low of $9,150 (Bitstamp), but things had recovered slightly during Monday’s first hours of trading....Read More
The altcoin market has historically been closely linked with the performance of the Bitcoin market, thanks to the high correlation indices these alts share with the king coin. Off late, however, many of these cryptocurrencies seem to be bucking this trend. While Bitcoin continues to stagnate on the charts, the market’s altcoins are rallying. The...Read More
Without any shred of doubt, today’s spotlight in the cryptocurrency market is entirely on Chainlink (LINK). The price for the token surged with about 40% to reach $8.480 on Binance and shatter all perceived resistances on the way up. Chainlink (LINK) Price Explodes All eyes are focused on Chainlink (LINK) as its price increased by...Read More
