August 18, 2020

Binance Coin, IOTA, Zcash Price Analysis: 18 August

Binance Coin continued its uptrend, after a pullback in early August. BNB had important support levels to fall back to if faced with sell pressure. In the case of the market’s altcoins like IOTA and Zcash, both coins faced significant resistance near its current price level. Binance Coin [BNB] Source: BNB/USDT on TradingView Binance Coin...
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As Bitcoin Struggles At $12,000, Here Are The Next Targets On a Breakdown: BTC Price Analysis

Bitcoin’s exciting bull run might be over as quickly as it started after prices failed to close above the $12,400 daily resistance yesterday. Any hopes of a parabolic continuation will now have to be put on hold as bulls recover from the sharp decline. In the last 24 hours, the global crypto market capital has...
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With Bitcoin’s hash rate falling, what’s keeping miners afloat?

Bitcoin’s price has remained consolidated above $11k for quite a while in August, however, a sudden pump in the market on 17 August did not just push the BTC price above $12k, but its hash rate also marked an ATH. According to a recent report by Arcane Research, the 7-day moving average hash rate of...
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Binance Assists Ukrainian Authorities To Arrest Cybercriminals Laundering $42M

The leading cryptocurrency exchange Binance has assisted Ukrainian authorities to arrest a cybercrime organization that allegedly stole and laundered $42 million from various ransomware attacks across the world. Binance And Ukraine Partner To Stop A Cyber Gang Last year, the exchange launched a new initiative, dubbed Bulletproof Exchanger aiming to identify and track hubs of...
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Cardano, Bitcoin SV, Digibyte Price Analysis: 18 August

The cryptocurrency market appeared to be in its bullish phase as the price of the largest crypto, Bitcoin has been rallying higher. A boost of 5% in the BTC market on Monday, triggered other altcoins to sprint at as escalated pace and establish a bullish run under the influence of the largest crypto. Source: CoinStats...
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Litecoin short-term Price Analysis: 18 August

Disclaimer: The following article attempts to analyze the emerging trends in the Litecoin short-term market and its impact on price.  Litecoin, at press time, was being shoved between important resistance and support, despite an overall bullish market. The price of cryptocurrencies was witnessing great bullish bursts on Monday, however, Tuesday looked like there was a...
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XRP short-term Price Analysis: 18 August

Disclaimer: The following price prediction should not be taken as investment advice as it is the sole opinion of the writer. The price movement should be foreseeable in the next few hours.  Since closing in on $0.32, XRP’s price has remained at a higher range between $0.272 and $0.323 in the chart over the month...
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Why Should I Play at a Bitcoin Casino?

Crypto casinos are fast becoming popular among enthusiasts of online gambling. That’s because the benefits outweigh the newness of the technology and the risks it poses.  What are a few benefits of playing your favorite online casino games on a platform that accepts Bitcoin and other cryptocurrencies? Deposits and withdrawals are faster and usually cheaper...
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Chainlink’s low Bitcoin correlation hasn’t helped its price

The market is once again expressing bullish features, as the price of Bitcoin [BTC] pumped above $12k on 17 August. The price of the largest crypto asset spiked by 5.68% within two hours on Monday, enabling BTC to breach its resistance and report a yearly high of $12,473. This rally also helped push the trading...
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Antminer S19 Pro vs Whatsminer M30S+ (Part 2) – Thermal Image Analysis

Abstract: We provide a follow up to our previous piece, a comparison between the Antminer S19 Pro and the Whatsminer M30S+. We focus on the thermal characteristics of the miners and provide thermal images. The thermal images indicate more clearly that the Whatsminer has a higher operating temperature than the Antminer, while both devices have...
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Bitcoin Plunges Below $12,000 As The Crypto Market Loses $10B In Hours

There’s never a boring day in the cryptocurrency field and things tend to change in the blink of an eye. Just earlier today, the total market capitalization was sitting comfortably at a 14-month high, and it took less than a few minutes for upwards of $10 billion to be wiped off its sheet. This happened...
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AAX rolls out new suite of products to meet growing demand for ‘alternative’ crypto solutions 

AAX, the digital asset exchange powered by LSEG Technology, rolls out a suite of products opening up new opportunities to invest, trade, and manage wealth. Doubling its user base in just over a month, AAX is fast becoming a hub for a wide range of financial activities, from trade and payments to earning and saving...
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Chainlink Analysis: Party Over? LINK Price Tumbles 20% After The Huge Rally

Chainlink dropped by almost 20% today as it fell into the $15.00 support. Against Bitcoin, LINK decreased from the 0.0017 BTC level to reach the support at 0.00127 BTC. LINK/USD: LINK Bullish Momentum Dies Out At $19.50 Key Support Levels: $15.10, $14, $13.35.Key Resistance Levels: $17.20, $18, $19.51. Over the weekend, LINK surged higher from...
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Ethereum, Dash, Algorand Price Analysis: 18 August

Market Volatility is at a new high for all digital assets. For the altcoins, the market has been rather turbulent as a correlation with Bitcoin maintains minimal levels. Over the past 24-hours, while assets such as Algorand suffered significantly, Ethereum maintained its consolidation above the price of $425 while Dash indicated a minor rise. Ethereum...
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ETH Price Analysis: Ethereum Eyes $500 After Breaking 2020 High

Ethereum started to move sideways after hitting the August 2018 highs at the end of last week. The coin hasn’t been able to overcome this level since the weekend, despite Bitcoin surging above $12,000 again. Against BTC, Ethereum dropped from the 0.0371 BTC resistance to reach support at 0.0347 BTC (.236 Fib Retracement). ETH/USD: $438...
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XRP’s price doesn’t reflect its true value, yet

With a vast majority of altcoins pumping, this feels like the beginning of a bull run. XRP, however, seems to be a little behind on the price pump and is undervalued. Undervalued, in the sense that, the price needs to accurately reflect the developments seen around the token itself and Ripple. Ripple Addressing the “skeptics”,...
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Kraken Lists Polkadot (DOT) For Trading And Staking Following The Second Token Sale

The veteran US-based cryptocurrency exchange Kraken will enable trading and staking services for Polkadot (DOT) starting August 18th. The addition comes shortly after the sharded multichain network raised over $40 million in its second private token sale. Kraken To Add DOT Trading And Staking According to the statement from the US exchange, Polkadot is “coming...
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Capital One’s Patent For Crypto Trading Recommendation Platform Now Official

Back in April this year, banking giant Capital One had filed a patent for an AI-based crypto fact-checking platform. The patent is now officially published. Will it find enough takers, given the bank’s massive 2019 data breach? Capital One Files Patent For AI-Based Crypto Information Analyzer According to Capital One’s patent, its artificial intelligence-led platform...
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Bitcoin Cash, Stellar Lumens, BAT Price Analysis: 18 August

Stellar Lumens had a stellar week in the market while Bitcoin Cash and continued to trade beneath its immediate resistance. Interestingly BAT has broken out of a consolidation zone and is likely lead to further interest from traders and investors, and may push prices further upward. Bitcoin Cash [BCH] Source: BCH/USD on TradingView Bitcoin Cash...
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Crypto.com Exchange: The Complete How To Trade Guide

Crypto.com is an exchange that opened up for beta testers back in November 2019. The platform bolsters the vision of the company’s CEO, Kris Marszalek, who intends to create a full-service experience to the millions of users who are already using it. Along with the benefits that come with its relatively simple online trading interface,...
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Yearn Finance (YFI) Just Broke a Record Not Seen Since ZCASH Launch In 2016

DeFi tokens are leading crypto markets to their highest levels in terms of total market capitalization for over a year. One of the top-performing digital assets at the moment is YFI, as it surges over 70% on the day to reach an all-time high at $12,821. It has become the only cryptocurrency since 2016 to...
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Bitzlato: Revolutionizing the world of Crypto P2P trading platforms!

In 1999, When the Peer-to-Peer sharing system was introduced to the world with the Napster application, it was accepted by the community with a pinch of salt. A&M records went on to sue Napster on its basis but no one could foresee the fact that a P2P system could one day, potentially compete with the...
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Chainlink, ETC, Dogecoin Price Analysis: 18 August

Chainlink’s price dipped alarmingly, registering close to 20% loss within an hour. This action happened hours after Bitcoin reached a local high of $12,499. Ethereum Classic, on the other hand, saw registered a recovery while Dogecoin failed to carry a lot of momentum and looked likely to slip further down in price. Chainlink  [LINK] Source:...
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Bitcoin Slows Down After Touching $12,500: Crypto Market Watch

Bitcoin bulls have successfully retained its price above the psychological $12,000 level after yesterday’s push.Elsewhere, Chainlink retraced considerably since marking consecutive ATHs, while Yearn.Finance reached a fresh all-time high just a few hours ago. Bitcoin Price Holds $12,000 The primary cryptocurrency attempted to overcome the $12,000 mark a few times this year without any success....
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Binance System Traffic at an ATH As Total Crypto Market Cap Hits 14-Month High

Changpeng Zhao, CEO of the world’s most popular crypto asset exchange, Binance, recently posted the milestone, adding that traffic is even higher than when Bitcoin was at a peak at the end of 2017. We are seeing ATH in terms of system traffic. Higher than Dec 2017. Should be interesting to see what happens next....
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BitFlyer: Only Bitcoin and Crypto Exchange across U.S, Japan and Europe!

bitFlyer has been one of the most reliable cryptocurrency exchanges over the past few years. The exchange was established in Tokyo, Japan back in January 2014, when the rules and regulations in Japan were far more amiable in terms of digital asset operations. However, the exchange has also been available in the United States since...
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Bitcoin hashrate drops 10-20% due to massive floods in China

As of Tuesday, bitcoin hashrate dropped by 25% due to massive landslides in Sichuan province. The landslides caused by heavy downpour caused the Sichaun province to trigger a Level I response, the highest in its tier four-tier emergency response system. Bitcoin mining and Sichuan province With bitcoin successfully breaching the $12,000 level, things seemed to be...
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Bitcoin (BTC) $ 98,136.29 4.60%
Ethereum (ETH) $ 3,245.29 4.70%
Tether (USDT) $ 1.00 0.10%
Solana (SOL) $ 244.32 2.59%
BNB (BNB) $ 617.27 0.74%
XRP (XRP) $ 1.12 1.89%
Dogecoin (DOGE) $ 0.388298 0.05%
USDC (USDC) $ 1.00 0.01%
Lido Staked Ether (STETH) $ 3,255.76 5.13%
Cardano (ADA) $ 0.796049 4.19%