About an hour back, Bitcoin’s price clocked a new 2020 by hitting the $11,000 mark. This comes after BTC zoomed past the psychological $10,500 barrier earlier today. Is this a trap for bulls or the beginning of another bull market? Bitcoin Price Has Officially Clocked a New 2020 High, Bull Market Here? When a U.S....Read More
Cryptocurrency proponents in the digital asset space are always expecting a bullish rally. However, it is safe to say that nobody expected Ethereum to perform as it did. Well, maybe some of Ethereum‘s proponents did, but ETH surely outperformed their price goals as well. Source: ETH/USD on TradingView Ethereum was only $10 short of reaching...Read More
Popular cryptocurrency YouTube content creator DataDash believes that Bitcoin has entered a long-term bull cycle. He based his opinion on several factors, including the famous stock-to-flow model, the increasing hodling mentality from investors, and the issuance of new coins. Weekly And Monthly Bullish Patterns According to Nicholas Merten, the person behind the popular DataDash YouTube...Read More
Disclaimer: The findings of the following analysis may or may not materialize within a week as the variables involved and in consideration are too precarious for the year 2020 Bitcoin is treading deep waters again. In fact, the world’s largest digital asset has traded in this range only thrice over the past 7 months. Hence,...Read More
[PRESS RELEASE – Please see disclaimer] To celebrate its 1 year anniversary, BTCMEX will launch a new trading competition with a pool prize of up to $100,000 and a 50% bonus for 1,000 participating users’ first deposit. The bitcoin competition starts on August 24 at 8 p.m. (UTC) with a registration period spanning a month...Read More
With Bitcoin breaking $10,000 for the third time this year and going on its maiden big-money move since the halving, prospects are high. Like all moves from four to five figures, this one was initially met with startling enthusiasm. However, given the market we’re in now, how long can the market sustain above $10,000? The...Read More
CryptoPotato’s cryptocurrency fund (the Crypto Fund) launched nearly a year ago continues to attract new investors and its performance has increased sharply during 2020 and especially in the past month. The growth comes after a significant change in its asset allocation with the purchase of Augur’s native token – REP. CryptoPotato’s Crypto Fund History During...Read More
The year 2020 is turning out to be an extremely turbulent period from a financial perspective due to the unavoidable COVID Pandemic. Various businesses and enterprises across the globe have closed down, as operations are trying to move their services and functionality online. With many individuals, employed and unemployed stuck under lockdown restrictions across the...Read More
Alternative cryptocurrencies felt today’s pressure as Bitcoin finally poked its head. The major cryptocurrency is on the rise today, and as it’s almost always the case, this took its toll on altcoins. Bitcoin managed to regain almost 1.5% of its market dominance over the past 24 hours alone, leaving other cryptocurrencies in despair. Altcoins Down...Read More
According to Ethereum foundation’s official blog, Ethereum 2.0 validator launchpad testnet version officially went live on 27th July 2020. The development and research with regard to Ethereum 2.0 network have been ongoing for many months now and alongside Consensys and DeepWork Studio, the eth2 research team revealed that validators would be able to keep track...Read More
Bitcoin’s rally on 26 July marked the fourth time since May that the crypto-asset had re-tested its resistance at $10,000. On the previous three occasions, after reaching $10,000, an immediate correction had ensued. In fact, over the past few months, BTC’s struggles with the $10,000 level have been well-documented. Source: Trading View As observed in...Read More
It’s been quite a year for Ethereum as on-chain activity on the network continues to spike, comparable to what it was during the bull run of 2017. Tx Fee Surged 688% According to new research on Decentralized Finance (DeFi) by Xangle, a global crypto-asset disclosure platform, the transaction volume and fees on the Ethereum network...Read More
Disclaimer: The findings of the following analysis should materialize within the next 24-48 hours With Bitcoin and Ethereum leading the price rally over the past few years, it was fairly obvious that major altcoins in the top 10 would take some part in the rally as well. The narrative was the same for Bitcoin SV,...Read More
Decentralized Finance Distributed blockchain technology eliminates custodial risks where users can truly own their tokens without the need to delegate custody to a centralized third party such as a bank. It also enables functionalities like atomic swap and more sophisticated on-chain actions via self-executing smart contracts in a counterparty-risk-free fashion. It also kickstarted a DeFi...Read More
XRP saw a small 2.67% increase today as it pushed above $0.22. The coin is now trading above the June 2020 high as it faces resistance at $0.225. Against Bitcoin, XRP is trying to push higher but is struggling with resistance at 2200 SAT. XRP/USD – XRP Bulls Push To 2-Month Highs Key Support Levels:...Read More
Draper Goren Holm today announces the inaugural Global DeFi Summit taking place virtually on August 6, 2020, at 8 am PST, with representation from the DeFi industry’s leading proponents, projects, influencers, and decision-makers. The Global DeFi Summit is hosting over 20 international decentralized finance (DeFi) leaders to share upcoming announcements, their knowledge, expertise, and direction for how...Read More
Coinomize is a next-generation bitcoin tumbler service that provides its users with a wide assortment of customization options. Its primary goal is to create a layer of privacy between a person’s identity and their bitcoins, making it harder for bitcoins and their owners to be tracked on the blockchain. With Coinomize’s introduction of a first-of-its-kind mobile...Read More
With Bitcoin surging past $10,000 for the first time in two months and marking its first real big-money move since the halving, is the 2020 bull run here? Well, it’s still too early to say, and global markets are dealing with a host of challenges, but for Bitcoin to sustain this breakout and continue on,...Read More
Altcoins may have driven the crypto-market over the past few months. However, Bitcoin was again in the driver’s seat this week after the world’s largest cryptocurrency hikes considerably, going on to break all its immediate resistance levels. The effect on the rest of the market was instant, with the likes of Cardano gaining exponentially. However,...Read More
While the story of the day is Bitcoin’s move and consolidation above $10,000, the altcoins with momentum already in the bag are surging. Chief among the altcoins in market capitalization is Ethereum, with the second-largest cryptocurrency in the market shooting through the roof. Buoyed by the Bitcoin breakout, Ether has mounted a market capitalization of ...Read More
Bitcoin’s price took a turn for the best over the past couple of days as it breached the coveted $10,000 mark in today’s early hours. Naturally, this brought a lot of excitement in the cryptocurrency community, and a definitive testament of this is the reaction of Arthur Hayes – the CEO of one of the...Read More
Crypto asset markets have been on fire over the weekend with a surge of $17 billion, or just under 6%, since Saturday morning. The move has lifted total market capitalization to its highest level since mid-February, and the first time it has been over $300 billion for five months. Cryptocurrency Market Capitalization YTD. Source: CoinMarketCap...Read More
The latest hike in Bitcoin’s price came at a good time for the rest of the altcoin market. While many were under the impression that the same had exhausted all its momentum, Bitcoin’s performance gave fresh impetus to altcoins to rise again. This was the case for alts such as Litecoin and Tron. However, others...Read More
Bitcoin started gaining momentum yesterday and saw its price increase above the coveted $10,000 mark. At the same time, gold continued its recent surge by marking a fresh all-time high. Some altcoins retraced heavily in the past 24 hours, helping Bitcoin’s dominance reclaim some lost ground. Bitcoin Stands Above $10k After weeks of trading within...Read More
What a weekend it was for Bitcoin. The primary cryptocurrency had breached to the 5-digit territory and concluded over $1000 addition to its value just in the past seven days. In our most recent Bitcoin analysis from two days ago, we stated that: “In case of a breakout – we are likely to witness Bitcoin...Read More
