The most recent price dump in the crypto-market saw the world’s largest cryptocurrency Bitcoin’s price dive towards the $10,400-level, a movement that signaled worrying signs of bearish divergence across the charts. In fact, Bitcoin SV registered a bearish divergence during the day’s trading session, under a scenario of heavy capital outflows in the BSV market....Read More
Band and Chainlink are both building infrastructure that enables interoperability of smart contracts, and while these are two leading oracle projects in their own right, the rivalry and drama between the two seem to go beyond token sales and market capitalization. Off late, however, every time a DeFi protocol has announced its partnership with Band,...Read More
Once among the market’s top-10 cryptocurrencies, Tezos has steadily fallen on the charts to rest at 17th on CoinMarketCap’s list, at press time. In fact, the market cap for Tezos has dropped from a peak of $3.065 billion in August 2020 to $1.584 billion in October. Despite such a drop in market capitalization, however, investors...Read More
Despite numerous reports indicating that Bitcoin HODLers are on the rise, a recent survey revealed the opposite. About 70% of participants that own digital assets answered that they had used them to make purchases such as food, clothing, and even education. Crypto Users Actually Spend Their Holdings BlockCard partnered with Bitcoin Market Journal to survey...Read More
The crypto-market, at press time, appeared to be in a consolidation phase following a massive Bitcoin move to the downside yesterday. EOS, particularly, was noting a decline in its bearishness, while bulls in the Ontology and Maker markets appeared to struggle in warding off a second wave of selling pressure. EOS Source: EOS/USD on TradingView...Read More
Every quarter of the year 2020 has posed a new problem for the cryptocurrency market. With the last quarter now underway, it would seem that the problem in question has surfaced sooner than usual. This, after American regulators entered the game once again and caused panic to seep into the market. After charges against BitMEX...Read More
BitMEX recently noted 32,200 Bitcoins withdrawn, nearly 19% of the exchange’s Bitcoin vault. However, BTC did not cede ground at $10,500, a development that was a sign of resilience and a maturing market. Tron‘s bulls have their work cut out for them as the longer-term bearish momentum stifled their attempts at recovery. Waves could also...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in XRP’s long-term market and its impact on the price Another blow was recently dealt to the cryptocurrency market after Bitcoin’s fall, with the altseason delayed yet again despite the fact that many expected it to arrive sooner rather than later. So was the case...Read More
Most of the market’s altcoins registered decent price recovery towards the end of September. Over the past 24-hours, however, in response to Bitcoin’s negative momentum, the crypto-market tumbled again, wiping out most of the gains made previously. Interestingly, at the time of writing, the bearish sentiment for the market’s altcoins seemed to be nearing an...Read More
After losing more than $250 million worth of cryptocurrencies in a security incident on September 26, KuCoin may have found new evidence to identify those responsible for the hack. It’s been exactly one week since Singapore-based cryptocurrency exchange KuCoin suffered what would be the third-largest hack in the history of crypto. And now, the exchange...Read More
The crypto-market’s losses did not end with September, with the month of October noting further losses. In the short-term, many crypto-assets on the charts were dominated by bears. Stellar Lumens was among them as its every bounce was met by selling pressure. BAT was unable to shrug off bearish pressure too as it fell through...Read More
On the question of asset allocation, fund managers are spending more time looking for avenues to park funds, rather than assets for investing in. DeFi has proven to be a rather attractive avenue for parking funds. Investors look for capital efficiency as that is the driving force behind management fee cuts in traditional finance and...Read More
According to a recent poll by the creator of the popular Bitcoin stock-to-flow model, the majority of participants believe that BTC’s price will either hit $55,000 or stay below it by the end of 2021. Backstory: Bitcoin Stock-To-Flow Model(s) A cryptocurrency analyst going by the Twitter handle PlanB revealed the first version of the BTC...Read More
Let’s be honest – 2020 is not going the way you thought it would. If you had taken a look at the calendar before the start of the year, what would you have reckoned would be the monthly volatility of Bitcoin? How do you think the largest cryptocurrency in the world would’ve navigated what was...Read More
Ethereum generally leads the direction of the altcoin market, and a bearish Ethereum meant trouble for a majority of the market’s altcoins. Chainlink failed to hold on to the important zone at $10 and $9.5 and could be set to slide lower on the charts. Synthetix dropped after forming a bearish pattern while Verge lost...Read More
A recent study compiled with government authorities and regulators concluded that they still view the cryptocurrency industry as a significant risk source. Those establishments raised concerns regarding the field’s self-regulation and the number of illegal activities funded by digital assets. Unsurprising: Regulators Worried About Crypto Regulations The UK’s oldest defense and security think tank, the...Read More
Since the final quarter of the year 2020 began a few days ago, the cryptocurrency market has been dealing with high volatility and some unexpected losses. While the altcoin Chainlink [LINK] was recording YTD returns of 373% for its investors at press time, LINK has been noting significant losses for its traders over the past...Read More
The first of September saw a market-wide sell-off and the first of October saw some selling pressure throughout the market as well. At the time of writing, Bitcoin Cash was trading between two important levels and appeared bearish in the near-term. Further, Cosmos could test a level of support over the next few trading sessions,...Read More
Bitcoin worth roughly $500,000 was moved to one of Bitfinex’s hot wallets a couple of days back. This might seem like nothing but an ordinary transaction if it wasn’t for the fact that the BTC in question was mined back in May 2010, and it hasn’t been touched since. At the time, Satoshi Nakamoto, Bitcoin’s...Read More
September was the first month in Ethereum’s history when transaction fees surpassed the subsidy. In fact, miners made more from fees than from block rewards. Source: The Block Further, the transaction fee as a percentage of total revenue has risen exponentially too. This is an interesting development, but the question is whether this is an...Read More
Despite developments that could have had a strong bearish impact on Bitcoin such as the Kucoin hack, BitMEX co-founders being charged by the CFTC, or the stock market drop following the U.S President’s positive coronavirus test, Bitcoin stayed strong above $10,500. However, the Crypto Fear and Greed Index stood at 40, suggesting fear in the...Read More
Following the recent price decreases after the BitMEX and Donald Trump COVID19 news, Bitcoin has calmed and trades above $10,500. The situation with the altcoins is somewhat different as most continue struggling. Bitcoin Stays Calm After The Drops As reported yesterday, Bitcoin tumbled from $10,900 to about $10,450 in a matter of hours. The drop...Read More
While most of the excitement around blockchain comes from its use in cryptocurrencies, designers are beginning to find interesting ways to solve system problems using blockchain and other forms of distributed ledger technology (DLT). The most commonly used data structure for distributed ledgers is the blockchain. With its features providing distributed and trusted data using...Read More
