Despite having a complicated past, it seems that JP Morgan’s love for Bitcoin is growing every day thanks to its potential as an investment and store of value. In a recent report, the American bank shared with its investors an analysis of Bitcoin’s current situation and possible future scenarios regarding prices and fundamental value. The...Read More
For most of the year, the world’s largest and most dominant cryptocurrency, Bitcoin, has noted a strong correlation with the world of traditional finance. In fact, over the course of 2020, the S&P 500, Gold, and Bitcoin have been the focus of the market, given the growing uncertainty and some speculation with regard to Bitcoin’s...Read More
With Bitcoin seemingly consolidating just below the $13,000-level, buying momentum for most alts has also subsided over the weekend. In fact, technical indicators for NEM and VeChain turned neutral from bullish as some selling pressure started to creep into the market. Cardano too seemed to lose bullish momentum as it faced rejection at a key...Read More
During a recent interview, Michael Novogratz, CEO of Galaxy Digital Holdings, shared his views on why he doesn’t see Bitcoin being used as a currency in the next 5 years. As a proponent of the store of value narrative for Bitcoin, Novogratz highlighted a few key reasons why he believes the price of Bitcoin will rise...Read More
At the time of writing, Monero had recorded gains of just over a percent, in the last 24 hours. However, the digital asset, over the next few trading sessions, could be expected to rise towards a crucial pivot level, ensuring a bullish rally. STEEM, on the other hand, maintained a neutral outlook as consolidation possibilities...Read More
Ethereum’s price has been on an impressive recovery sun since it fell on 12 March. In fact, since Black Thursday, ETH has surged, with the cryptocurrency recording a 64 percent hike over its pre-12 March trading price. While the increase in demand for DeFi and the subsequent loss of steam has led to many questioning...Read More
The news that Paypal would introduce its users to Bitcoin and Ethereum was considered an emphatic victory by many in the community, with the same propelling the price from $12,200 to $13,100. The on-chain metrics for the crypto-asset had been quite bullish over the past couple of weeks, but breaking news has a way of...Read More
The simple mathematical concept of a transitive property explains that if A = B, then B = A. So, in the cryptocurrency world, if 1 BTC = $13,000, then $13,000 = 1 BTC. Using that base-case, let’s scale down the equation. $1,000 can fetch you ₿0.076, and hence, scaling it down, $500 can get you...Read More
After an extended period of uncertainty, Litecoin and Polkadot’s values registered significant gains, with both alts picking up good buying momentum on the charts. Further down the crypto-ladder, the mixed signals also coincided with bearish divergence and low market volatility, in the case of Dogecoin. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin was seen trading...Read More
With bitcoin’s latest rally beyond the $13,000 mark, it seems like the next bull market is here. It can be seen from BTC markets that have been on fire for the last 7 days, including derivatives. The latest data shows that bitcoin futures markets on Binance have clocked the highest 24h BTC futures volumes amongst...Read More
Open Interest on Chicago Mercantile Exchange has nearly doubled over the past 30 days. In fact, Aggregate Open Interest across top derivatives exchanges is up by 31%, with the response to Bitcoin’s steep rise in price evident when Deribit, BitMEX, and OKEx’s price charts are analyzed. Aggregate Open Interest || Source: Skew Back in July...Read More
Bitcoin was trading at $12,960 at press time, with Bitcoin’s market dominance holding at 61.8%, a figure that has slowly risen over the past few weeks. Ethereum shared this bullish sentiment as it conquered a strong region of resistance. However, many altcoins were unable to keep up, suggesting that traders had pulled funds from stagnant...Read More
ETH/USD – Bulls Retest Bearish .618 Fib Resistance Key Support Levels: $410, $400, $387.Key Resistance Levels: $416, $421, $439. Ethereum saw a strong 13% price surge this past week as it reached as high as $421 (1.414 Fib Extension). More specifically, the buyers could not close a daily candle above the resistance at the bearish...Read More
XRP’s price broke out of a temporary period of consolidation, with the cryptocurrency, over the past week, establishing a strong uptrend just like many altcoins in the market. However, the question remains whether or not the present bullish momentum in the market will sustain itself and help improve XRP’s price. At press time, XRP was...Read More
The Crypto Fear and Greed Index noted a reading of 73 at press time as Bitcoin surged towards $13,000 and momentarily saw many large-cap altcoins follow suit. While Tron attempted to reverse its downtrend as it appeared to break past its trendline resistance, the bears were quick to enter the fray. Further, Algorand might face...Read More
Ripple has expressed dissatisfaction over the regulatory uncertainty surrounding cryptocurrencies in the United States. Apart from this, the San Francisco-based firm has also decided to act. By moving out of its home turf. But where will Ripple move next? Here are the relocation options. Ripple’s Asia Options: Japan, Singapore & the United Arab Emirates When...Read More
Following a dip in Bitcoin’s bullish sentiment, the crypto-market also appeared to be in a phase of price consolidation. Decred, particularly, underlined a bearish setup on its trading charts, while the bulls in the Binance Coin and Augur markets appeared to give in to a brief period of price consolidation. Binance Coin [BNB] Source: BNB/USD...Read More
Ontology is in the news after it recently announced that it is building a sharded blockchain on top of Polkadot, one that connects multiple chains together across a single network. Our new collaboration with @ParityTech to integrate #DeID into @Polkadot is just kicking off! Not only will #Ontology bring cross-chain liquidity to this #Parachain, but...Read More
2020 has been so far a challenging year. Issues such as the Australian wildfires and the global COVID-19 pandemic have harmed the planet and its inhabitants. The financial world has also suffered, especially during the first several months. The effects are evident within different sectors of the financial industry. While some have felt adverse consequences...Read More
Bitcoin SV’s fortunes don’t seem to be getting any better as the year progresses. Its press time trading price was a far cry from its early-2020 valuation after it seemingly peaked in August. Following the same, BSV has continued to depreciate over the past few months. However, the question still remains – Can the cryptocurrency...Read More
EOS was trading above a level of support on the charts, but buying volumes for the crypto-asset were falling. Further down the crypto-ladder, IOTA seemed to be forming a bullish pattern, but it wasn’t complete yet. A drop in IOTA’s value would invalidate the same. Compound was on a short-term uptrend and its direction in...Read More
Following the past couple of days of significant price developments within the cryptocurrency space, most assets have calmed. Bitcoin remains just shy $13,000, while some of the altcoins have even retraced slightly. Bitcoin Struggles at $13,000 The past seven days were nothing short of impressive for Bitcoin. After a brief dip to $11,400 last week,...Read More
During a recent AMA with IOTA’s founders, Dominik Schiener and David Sonstebo shared some insights for the community and the larger crypto-space concerning IOTA’s progress in the wake of Chrysalis phase 2’s launch. An important step in the development of the IOTA protocol is the roll-out of Coordicide – IOTA’s scalable distributed ledger, on the...Read More
Tezos was trading within a tight price range as the market’s bulls valiantly defended a critical region of support. Ontology’s movement exhibited the potential to break out upwards while Maker was on an uptrend. Tezos [XTZ] Source: XTZ/USD on TradingView Highlighted on the attached chart is the demand zone. The cryptocurrency’s price dipped briefly beneath...Read More
