Zcash and Maker although still not bullish enough, were definitely displaying signs of short-term positive price reversals, as the selling pressures for the two digital assets continued to weaken. Bitcoin SV however, seen making a bearish breakout below its trendline, could witness a few more bearish sessions, as the bulls were yet to solidify a...Read More
Binance Coin was retracing some gains as BNB bulls took profit, and was likely to resume the uptrend in the coming days. IOTA was headed downward, as was Basic Attention Token. However, both the assets might be able to effect a short-term bounce in the coming days. Binance Coin [BNB] Source: BNB/USDT on TradingView Binance...Read More
Having witnessed positive price fluctuations on the daily charts for top digital assets Bitcoin and Ethereum, the rest of the cryptocurrency market appeared to be heading for a bullish revival. With some bullishness witnessed on its hourly chart, Litecoin could be seen targeting its overhead resistance soon. While the possibility of a stalled bearish drag...Read More
Popular TV host and long-time Bitcoin proponent Max Keiser believes that futures traders suppress Bitcoin’s price at current levels. However, once the asset explodes to Keiser’s intermediate target at $28,000, BTC’s amount for sale will evaporate as governments and institutions will purchase directly from miners. Keiser: Governments And Institutions Will Rush To Buy BTC Keiser...Read More
Bitcoin has stayed above $10,000 for a record period of time; its price sustained above the 20MA and it has seen increased volume and institutional adoption. This was all amidst the FUD experienced by the markets in the past few months, with the drama around major crypto exchanges like KuCoin, Bitmex, and OKex, which surprisingly...Read More
Chainlink was trading at a region of strong support and was poised to break out. The correlation between LINK and BTC has been dropping and the asset might begin another ascent regardless of Bitcoin’s direction. At press time, Bitcoin was trading at $11,335 with a 24-hour trading volume of $104.7 billion. Source: CoinStats Stellar Lumens...Read More
Although the market was shaken as the regulatory hammer struck BitMEX at the start of October, it has since recovered. Bitcoin, the largest asset did notice sudden pressure given the panic in the market, but it managed to hold on and recover in the following days and reach a value of $11,731, which was unseen...Read More
The entire digital assets market lately has been a sort of rollercoaster ride over the last week. The largest altcoin Ethereum noting successive drops over the last few days could finally be in for a bull run. The Algorand market displayed mixed signals of buying and selling sentiment. While expectations around a bullish break out...Read More
There is a new coin creating hype in the market, but it isn’t that new. Filecoin, a decentralized data housing platform secured millions of dollars via its initial coin offering [ICO] in 2017. Despite being based on Ethereum, the FIL token has its own blockchain and launched it in phases leading to a mainnet launch....Read More
Crypto.com Coin displayed a possibility of sideways consolidation on its trading charts, indicating a slight drop in selling pressure. Marked by stiff resistance and downward price action, the Synthetix market is unlikely to witness any immediate price recovery. Dash too noted short term bearishness at press time, could soon dive back down to its support level....Read More
Bitcoin was trading at $11,344 while Bitcoin Dominance stood at 60.15. The Bitcoin Dominance has been rising slowly since early September, showing that altcoins were facing losses in the market. Polkadot, Cosmos and Ontology toiled under bearish pressure. Polkadot [DOT] Source: DOT/USDT on TradingView The MACD generated a strong sell signal as it had formed...Read More
Cardano was bullish on the charts and appeared to be posting gains after a pullback. Tezos lacked interest from the buyers to break out of the price range it was stuck within. VeChain dropped beneath a level of support and could be set to slowly slide downward in the coming days. Cardano [ADA] Source: ADA/USD...Read More
The drama around OKEx started on Friday when news broke that the popular exchange had suspended all withdrawals from the platform. Almost immediately, the cryptocurrency market reacted with price drops. Bitcoin lost about $350 in a few hours. Shortly after, reports emerged that OKEx co-founder Xu Mingxing was taken by police officers over a week...Read More
Earlier today, Coinbase Custody announced that they are looking into adding support for new digital assets. The move to support more coins comes as part of a broader plan to launch new features and demonstrate that Coinbase Custody is an innovative place for institutions to store their crypto assets across new geographies. Coinbase Custody stated...Read More
I get it. It’s always an either-or decision between Bitcoin and gold, as a pure investment play. Since the commodity and the cryptocurrency each have similar attributes of – a hedge, limited supply, and safe haven, these assets are used to balance the bottomless assets that are stocks, bonds, and cash. But does one edge...Read More
Bitcoin took a 3% hit as OKEx announced the temporary suspension of crypto withdrawals on 16 October. Reports state that the exchange is being investigated by the Chinese police, however, the nature of this investigation is still not clear. This news definitely caused a wave of panic across the crypto market causing altcoins also to...Read More
Coinbase has released its recent Transparency Report, and the results are not at all encouraging for privacy advocates and believers in an “anti-establishment” philosophy of cryptocurrencies. According to the company, out of 1914 requests for information it received, 1848 of them corresponded to subpoenas and interactions made by criminal investigation agencies, and only 66 came...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on the price. The value of Bitcoin Cash has been on a downward trajectory since the news about the OKEx fiasco unraveled. The sudden fall was followed by a gradual descending price which...Read More
XLM/USD – Bulls Rebound Into 100-days EMA. Key Support Levels: $0.08, $0.075, $0.07.Key Resistance Levels: $0.086, $0.088, $0.0921. XLM found support at the $0.0668 (.618 Fib) level toward the end of September which allowed the downtrend to reverse. Throughout October, the coin has slowly been grinding higher. Initially, it struggled to break the resistance at...Read More
Hackers had a field run a couple of days ago, targeting the popular retail-oriented trading application Robinhood. Almost 2,000 Robinhood Markets accounts were compromised in a spree that saw customers’ funds siphoned off, according to a Bloomberg report. Robinhood disclosed that a “limited number” of their customers had been struck by hackers who managed to...Read More
Bitcoin’s price was rallying before CFTC charges hit BitMEX, and immediately after, retail traders started scaling back positions on BitMEX. Open interest in XBTUSD perpetual contracts on BitMEX dropped to 55000 BTC. BTC Perpetual Swap Funding Rate || Source: Skew The funding rate dropped below -0.05% in the first week of October in response to...Read More
To improve its base protocol, developers of Monero (XMR), a privacy-focused cryptocurrency, announced a network ‘Oxygen Orion’ upgrade, which will implement a new software- the linkable ring signature protocol- called ‘CLSAG,’ to make transactions “lighter and faster.” CLSAG (or compact linkable spontaneous anonymous group) feature is said to reduce average transaction “size” by approximately 25%...Read More
The Crypto Fear and Greed Index stood at 56 as Bitcoin held onto the $11,300 price level. The narrative of “Bitcoin is a hedge against inflation” was just one of many reasons that giants in the financial services sector or other investors acquired Bitcoin. Bitcoin serving no “singular” purpose, but multiple ones were bullish for...Read More
Following yesterday’s $350 price lost for Bitcoin, the asset has remained relatively calm around $11,350. Most larger-cap altcoins have also seized the free-falls with Ethereum trading near $370 and Ripple above $0.24. Bitcoin Sits Tight Around $11,350 News broke out yesterday that police officers had taken away the founder of the popular cryptocurrency exchange OKEx....Read More
