Many times, perpetual markets have outpaced spot markets for a multitude of reasons. High leverage is the primary driver of growth. It brings in new buyers and traders. Traders look for options like margining in crypto instead of fiat, and no expiry, as opposed to dated futures. This makes perpetual swap lucrative. To top this...Read More
The cryptocurrency marketcap slid by nearly $50 billion in the past few days to stand at $325 billion at the time of writing. XRP showed it might be able to hold on to the support level. Chainlink had slid by double-digit percentage points and surged by double-digit points to touch $12 from lows of $9.75....Read More
In the aftermath of a big drop, Ethereum dropped to $308, and was trading at $340 during the time of writing. More than an upside target, Ethereum would be looking to not lose support. Crypto.com Coin broke into the top 10 recently and was not ready to relinquish that status yet. Basic Attention Token lost...Read More
Cardano has been dropping quickly in value and currently stands at $0.0880 with a market cap of $2.7 billion, which has also seen a drop from $3.16 billion in the last 24 hours. No longer in the top-10 ranks, ADA’s journey south does not seems to be over yet. Cardano 1-day chart ADAUSD TradingView The...Read More
Any bitcoin drops under $10,000 are being bought up quickly leading to long bottom wicks. This shows that there are a lot of bidders under $10,000 waiting eagerly to buy bitcoin. At press time, however, on a lower time frame, Bitcoin formed a bullish pattern; hence, in the short term, we can expect bitcoin to...Read More
With the local economy continuing to suffer and the Argentinian peso devaluating, over 73% of participants in a recent poll voted that cryptocurrencies are the most efficient saving mechanism. Nearly as many responded that they have invested in at least one digital asset. Argentina’s Economy Following The COVID-19 Lockdowns The South American country had been...Read More
Over the past few weeks, the hype around a supposed altseason seems to have died down. I mean, sure, DeFi is still what one would characterize a “booming space.” But, many of the market’s altcoins have fallen on the charts lately, especially since Bitcoin dipped under $11,000 a few days ago. Thus, the question arises...Read More
Bitcoin has crashed from $12,000 to below $10,000 all in under a week. Six months after suffering a brutal crash, bitcoin is crashing yet again and unlike the last time, the reason is slightly different. The blame is in part on miners who seem to be selling off their holdings rapidly. How do miners fit...Read More
Bitfinex and sister firm Tether moved to dismiss a Bitcoin manipulation lawsuit filed against them in October last year. The crypto companies said that the allegations are baseless. Bitfinex And Tether Call For Dismissal Of ‘Preposterous’ Lawsuit In October 2019, a group of bitcoin and cryptocurrency traders David Leibowitz, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz,...Read More
Let’s face it – DeFi is a big deal right now. Unexpectedly so, but it really is. Perhaps, nothing highlights this better than the fact that the Total Value Locked figures for DeFi have soared from just under $700M in January to over $7.8 billion, at the time of writing. It has, simply put, been...Read More
Ethereum recovered 15% today after dropping almost as low as $300 on Binance. The coin has been on a freefall in September but recently bounced from the .618 Fib Retracement. Against Bitcoin, ETH dropped as low as 0.0311 BTC but managed to close the daily candle above the 0.0329 BTC support (.5 Fib). ETH/USD: Etheruem...Read More
Ever since the largest cryptocurrency in the world began its bullish swing a month ago, it has breached the $12,000 mark a few times with each attempt succeeded by a big push down and thus placing Bitcoin into a FUD-feedback loop. FUD stands for fear, uncertainty and doubt, and it’s quite a common occurrence in...Read More
The events of the past days shook the DeFi space in a way that no other project did this year. The lead developer of the project dumped all of his token on the market, crashing SUSHI’s price by over 50%. After that, he transferred the control over the protocol to FTX’s CEO and the price...Read More
Exchange tokens have been around for over 3 years now and yet, there are many who claim that these assets remain difficult to price or attribute real value to. This is interesting since the definition of an exchange token is pretty basic – a utility token that gives users a stake in any cryptocurrency exchange...Read More
Sushiswap is all the rage within the cryptocurrency community right now. The protocol that’s intended to be a fork of Uniswap had all eyes turned to it as the lead developer dumped all of his tokens on the market, essentially crashing the price of its native SUSHI token by more than 50%. However, since then,...Read More
Bitcoin Dominance climbed to 61.55, as fear and bears continued to hold sway over crypto markets. Bitcoin SV and Cosmos were holding on to a support level, while Zcash exhibited a bullish signal. Bitcoin SV [BSV] Source: BSV/USDT on TradingView Bitcoin SV bounced off support level at $151, and was trading at $161 at the...Read More
Decred, Binance Coin and Monero were trading near important levels of support. Recovery from the recent drop can take weeks and will be signaled when the assets reclaim levels of resistance they so recently had counted as support. Decred [DCR] Source: DCR/USDT on TradingView Bollinger bands’ mouth was wide, which is to be expected after...Read More
Bitcoin continues above $10,000, while Ethereum’s free fall has only intensified in the past 24 hours. The DeFi space is also facing major hurdles, but over the past few hours, a lot of DeFi coins have bounced following new developments with SUSHI. Bitcoin Fights To Stay Above $10K As CryptoPotato reported yesterday, Bitcoin bottomed at...Read More
“The time to buy is when there’s blood on the streets”, said Baron Rothschild. It could be difficult to discern whether the bloodshed has halted, or if there is more red to be seen. Tezos, Litecoin and Bitcoin Cash showed no signs of halting as they nosedived past support levels. A redeeming fact was that...Read More
