Cardano currently stands at 8th rank with a market cap of $3.46 billion. With the coin trading at $0.1329, the coin is stuck moving sideways with no proper destination in sight. Cardano 1-day chart Source: ADAUSD TradingView The price has 3 possible directions to move, up, down, or sideways. However, discerning which direction is largely...Read More
Digital silver’s golden run has hit a major bump thanks to digital gold. Litecoin, the seventh-largest cryptocurrency in the market with a market capitalization of $3.8 billion saw its price shoot up over the past week, as Bitcoin surged over $10,000 and above. However, with the recent backtrack in the latter’s price, losing 7 percent...Read More
After hitting levels [$12,100] last seen a year ago, bitcoin witnessed a crash that dumped the price to $10,559. Not only did this cause liquidation of positions worth a billion-dollar but also reset market sentiment from extremely greedy to greedy. Trading just above $11,000, there seems to be a visible fear among bulls as the...Read More
Altcoins traders are fickle, most go by one indicator, and it’s not related to altcoins at all. With Bitcoin holding 65 percent market dominance, traders look to the king coin as an indication of altcoin trends, in the reverse direction albeit i.e. when Bitcoin trends down, buy alts, and vice versa. This theory was put...Read More
Ethereum had a crazy day of trading today as the price fluctuated massively. The cryptocurrency has rallied all month long after increasing by 62% to create a fresh 2-year high. Against Bitcoin, Ethereum also increased to 14-month highs as it reached 0.034 BTC. ETH/USD: Massive Volatility Key Support Levels: $343, $321, $300.Key Resistance Levels: $400,...Read More
With the price of ETH hitting as high as $415 and crashing to $325, volatility seems to have returned to the crypto markets. This sudden move higher and then drop has caused approximately $4.1 million worth positions to be liquidated. As much as Bitcoiners might hate to admit it, this bull run seems to have...Read More
In addition to Binance going haywire, other exchanges also faced a few abnormal incidents with today’s bitcoin drop. FTX users were among those exchanges that experienced slippage and ADLs. On FTX, users were unable to put up trades or modify existing orders with some experiencing untriggered stops and unnecessary ADLs. The drop that took a...Read More
Bitcoin’s push over $10,000 and above have divided the altcoins into two categories, those that go along with the king coin, and those that do not. Among the thousands of altcoins in the market XRP, the second-largest altcoin in the market represents the former, Chainlink, one of the best performing alts in the market over...Read More
The last 24 hours have been nothing but volatile when it comes to Bitcoin’s price. The cryptocurrency went on a rollercoaster, surging above $12,000, dropping to $10,490, going back up and back down. In short – it’s been a wild few hours. Most interestingly, however, a user’s algorithm “went ballistic,” according to Changpeng Zhao, seemingly...Read More
The king coin with $219 billion in market capitalization holds nearly 65 percent of the entire dominance of the cryptocurrency market, and its massive 25 percent price increase has indeed anchored an altcoin upswing, particularly in the Ethereum Classic, Tezos and Monero markets. Source: BTCUSD via CoinStats Ethereum Classic [ETC] Source: ETCUSD via Trading View...Read More
Ethereum has been one of the most popular cryptocurrencies and has managed to establish a place at the second spot with its market capitalization of $39.85 billion. Ethereum inches closer to Proof of Stake [PoS] in the Serenity upgrade and will be identified as Ethereum 2.0. However, there has been some lack of clarity among...Read More
The past ten days, which were the last days of July, were a blessing for the price of Bitcoin. Right after breaking out above the blue-marked trend line at $9200 on July 21st, Bitcoin started to fire its engines, and yesterday – following ten magic days – BTC price recorded a fresh 2020 high above...Read More
On Binance, bitcoin quarterly futures hit a high just shy of $100,000 – $99,964. While sudden moves like these aren’t new, it had been forgotten due to the slow, sideways moving price devoid of volatility. With over a billion dollars worth of positions liquidated in a minor $1,400 move by Bitcoin, volatility is back. While...Read More
The cryptocurrency market went through a Sunday morning roller-coster with some intense moves charted. Bitcoin marked a new yearly high of above $12,000 before tanking in a matter of minutes to $10,490 (on Binance). Similar developments followed most altcoins, but the market appears to have calmed now. Bitcoin’s New 2020 Top And Drop August doesn’t...Read More
A week after Bitcoin’s $10,000 resurgence, the first inklings of a reversal, if not a dump, are visible. Between 0400 UTC to 0500 UTC on 2 August, Bitcoin’s price dropped by over $1,000 an 8 percent price drop in the hour. Only a few hours before this dump Bitcoin had broken the $12,000 ceiling. The...Read More
