With many speculating the future of DeFi, given the rapid growth in the ecosystem, investment firm, Pantera Capital has announced that its Digital Asset Fund will actively invest into DeFi assets more, as Pantera Capital believed that DeFi was the future of finance and the sector is expected to grow as crypto prices go up. ...Read More
While under the current developments a major bearish market for digital assets may correctly identify a suppressed trading scenario for bulls, various technical indicators still suggest that a strong reversal cannot be ruled out during the course of the fourth quarter. However, altcoins like Polkadot, VeChain, and Basic Attention Token witnessed a strong descent to...Read More
The price charts at press time displayed that the bearish sentiment was once again regaining control. A typically higher volatility level was witnessed compared to earlier trading sessions. Most of the major alts were rallying against the buying sentiment. Bitcoin Cash was seen consolidating, after a short pump and dump event. DASH and Dogecoin too...Read More
The fear in the crypto space spiked in tandem with a drop in the stock market. Crypto Fear and Greed Index was at 43, compared to the previous day’s 47. However, Bitcoin’s outlook remained healthy in the long run. Crypto.com Coin’s charts suggested no change in its bearish outlook, nor did Stellar Lumens. Algorand formed...Read More
As global economies adapt to the Covid-19 pandemic, which is driving the need for contactless payments, federal authorities in the US have shared another update about the development of a digital currency. According to the Deputy Treasury Secretary Justin Muzinich, U.S Treasury along with the Federal Reserve, “is studying” a government-sponsored digital currency or CBDC....Read More
Ethereum investors have been at a loss given the past 30-day movement of the coin registering a drop of 1.1%, and a 2.9% loss over its 7-day movement. Irrespective of the halted growth in decentralized finance [DeFi], the short-term market for the second-largest crypto appeared bearish given the choppy looks of the Bitcoin market, but...Read More
Four years after the infamous Bitfinex hack that resulted in one of the largest bitcoin thefts since the Mt Gox incident in 2014, notifications published by the Whale Alert twitter account today, stated that approximately 1,190 BTC ($12,645,059) of stolen funds from the BitFinex hack in 2016 has been moved to an unknown wallet. Whale...Read More
Bitcoin was in a period of relatively low volatility over the past 90 days. Chainlink was overwhelmed by sellers in the long-term, while LINK bulls sought to defend a level of support. Cosmos retested a level of support-turned-resistance and was likely headed lower and DigiByte could have some gas in the tank to post minor...Read More
Starting today, Coinbase supports Balancer (BAL) and Ren (REN) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store BAL and REN. BAL is available in all Coinbase-supported regions, with the exception of New York State. REN is available in all Coinbase-supported regions, with...Read More
The prices might go helter-skelter on the short-term chart, but since the start of September, Bitcoin Cash has only witnessed sideways movement on the daily time period. A fixed range between $237 and $200 is evident in the charts while a long-term breakout is yet to take place. Bitcoin Cash 1-day chart Source: BCH/USD on...Read More
Bitcoin has had a slow last few weeks, that’s for sure. It appears that the cryptocurrency is trading within a narrow range, unable to swing convincingly in either direction. This is reflected in its historic volatility, which has been falling quite a bit. In fact, it’s currently at a point where, usually, a huge move...Read More
The trading charts for the altcoin market was once again displaying bearishness after a shift from the recent upward rallies gained just last week. Binance Coin with its double top formation was seen heading towards a bearish scenario. The bear market for IOTA, however, might still display some hope. In the case of FTX token, the...Read More
South Korea’s central bank, Bank of Korea (BOK) which had earlier established a central bank digital currency (CBDC) pilot program, has now announced that it planned to speed up the process by starting to test its digital token from next year onwards. The central bank maintained its original stance that although it was hastening the...Read More
The community-led decentralized exchange, CoFiX, raised $500k in funding from investors like Huobi DeFi Labs, Dragonfly Capital, and Coinbase Ventures, among other DeFi angels, according to a release emailed to AMBCrypto today. The new DeFi protocol planned to use the funds to work on its protocol audits and cover early development costs. Like other DeFi...Read More
While the lows of September 23rd were not emulated in the recent decline, ADA’s price continued to sustain a position near the recent bottom. For Cardano, the trend has been consistently bearish since August 1st week itself but a minor bullish pullback was observed towards the end of September. The major difference remains the trend...Read More
One of the world’s largest car manufacturers and a household name, BMW, has announced plans to launch a blockchain-based reward program in South Korea. The country will be the first to see the new platform before a potential global rollout. BMW Korea Goes Blockchain BMW is arguably one of the most popular car manufacturing brands....Read More
[PRESS RELEASE] Orion, an ambitious defi project aiming at pooling the liquidity available on both centralized and decentralized exchanges, has partnered with Chainlink to bolster its offering with reliable price feeds. The oracles will enhance its aggregated exchange and decentralized brokerage functionalities. Chainlink’s Oracles to Make Orion Shine Brighter Orion is developing a trading terminal...Read More
XRP/USD – Bulls Face Resistance at Bearish .382 Fib. Key Support Levels: $0.24, $0.236, $0.23.Key Resistance Levels: $0.251, $0.261, $0.271. XRP rebounded from a rising trend line on Sunday which saw the coin breaking above the 100-days EMA to reach the resistance at $0.251 (bearish .382 Fib Retracement). During this week, XRP managed to spike...Read More
BitMEX, the largest cryptocurrency derivatives exchange in the world landed in a heap of trouble with US law enforcement. One of the exchange’s co-founders and CTO, Samuel Reed was arrested, while charges of money laundering and other illegal transactions were issued against the other co-founders. The entire market’s dependence on BitMEX cannot be understated. Back...Read More
Disclaimer: The following analysis attempts to analyze the emerging patterns in the Litecoin short-term market and its impact on price. The Litecoin short-term market saw a momentary pump of 5.37% in an hour increasing its value from $45.67 to $48.131. However, the digital silver could not hold onto this value as large selling pressure emerged...Read More
The DeFi markets have had a rough few days over the past week. The majority of the cryptocurrencies centered in the space are trading well in the red. At the same time, the total value locked (TVL) in DeFi protocols has been on the decline over the past two days as well. According to DeFi...Read More
It’s no secret that decentralized finance (DeFi) is growing faster than ever. Established protocols are reaching unicorn status, while new projects are attracting hundreds of millions of dollars in value from the humble yield farmers. Running (fast) in parallel, we launched Avalanche’s mainnet on September 21, and quietly put together a fully immersive program, for developers and...Read More
The S&P 500 Index dropped from 3420 to 3343, a 2.3% drop, in a matter of hours after tweets from the US President about the stimulus package negotiations’ setback. Despite arguments about an uncorrelated market, the crypto sphere still suffered losses across the board. XRP might retain some bullish momentum technically, although bearish sentiment might...Read More
Bitcoin price appears to be tracking in another classic whale manipulation pattern right now, after yesterday’s sharp $200 crash during the US trading session. The details of this pattern have already been covered extensively in a previous analysis, but for those of you not familiar, it essentially represents a strategy employed by large BTC traders...Read More
Social Capital CEO Chamath Palihapitiya doubled-down on his belief that Bitcoin investors should separate themselves from short-term price actions. He asserted that BTC operates in opposite to other financial assets and helps him sleep “soundly” at night. Palihapitiya: Bitcoin Is Fundamentally Different The former Facebook executive has been a long-time Bitcoin proponent. Earlier this year,...Read More
Have you been missing the price action in Bitcoin markets across exchanges lately? Based on WooBull’s Bitcoin volatility chart, 60-day volatility is 5.65 and 90-day volatility is 8.95. The recent drop in volatility can be attributed to the reduced inflow of Bitcoin into exchanges. Bitcoin Volatility || Source: Woobull Charts Trade volume on spot exchanges...Read More
The week has been very brutal in the crypto ecosystem. Market sentiments swung entirely bearish with BTC taking the lead. Other coins like VET, however, are not lagging in terms of daily loss. With a 24% daily loss, VET takes top position with runners up being ZEC and BNB. #1. VeChain (VET 7.8%): VET comes...Read More
The crypto market is flocking with “spoils of war” accrued during the bear markets which began about a week ago. Around 90% of altcoins are seen recording losses which may take a while to recover from. The worst-hit defi token in the last 24 hours is undoubtedly Aave, which seemed to have lost around 15%...Read More
The stock market saw a panicked sell-off after the US President tweeted that no stimulus package would be passed until after the elections. The drop affected the crypto market as well, with most major altcoins and Bitcoin seeing losses. Bitcoin currently trades at $10,605 after having endured a 1.40 percent drop in the past 24-hours....Read More
You might have heard many crypto enthusiasts advising do not fall in FUD, just HODL your cryptocurrency. If you are a new user and just entered the space, then you might have come across the terms like FOMO, FUD, HODL. Do you ever wonder, what is HODL? Rather why it is not HOLD? Let’s go...Read More
