November 28, 2020

Ethereum, Tezos, Algorand Price Analysis: 28 November

The market cap of all cryptocurrencies was valued at $513.7 billion, and Bitcoin commanded a 62.92% share of that valuation. Although Bitcoin Dominance has fallen in recent days, it has been in a steady uptrend since early mid-September. Ethereum boasted a $59 billion market share, a number that can be expected to rise in the...
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Here’s why a Bitcoin and crypto ban in India is unlikely

After the Supreme Court’s ruling to quash the ban on cryptocurrencies in India, activity in the crypto space has grown significantly, however, some rumors have still emerged about the uncertainty regarding the legal status for Bitcoin and cryptocurrencies in the country. However, as Sathvik Vishwanath, CEO of Unocoin stated in a recent interview spoke about...
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Polkadot, Dash, Dogecoin Price Analysis: 28 November

Polkadot saw strong gains registered in past weeks and was forced to retrace some of them on the recent move down. The outlook for both DOT and Dogecoin was bullish in the medium to long-term, but they had bearish momentum that could drive the prices lower in the coming hours. Dash could see a consolidation...
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Litecoin short-term Price Analysis: 28 November

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The cryptocurrency market has been witnessing a wave-like movement. After the rally was stopped in the Bitcoin market, the altcoins also witnessed downtrends. Litecoin has also been witnessing continuous buying and selling  among traders,...
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Chainlink, Monero, BAT Price Analysis: 28 November

The Crypto Fear and Greed Index stood at 87 to show extreme greed in the market, even after Bitcoin’s recent drop of nearly 15% within a day’s time. Technical analysis showed that BTC had undergone a retracement to healthy levels of support and can be expected to rise in the coming weeks, but in the...
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Is Bitcoin following the Gold Fractal from the 1970s?

Bitcoin’s price may be suffering from weekend slumps yet again and it has dropped over 11 percent from the $19,200 level. The market capitalization is down from $581 Billion to $512 Billion and on-chain analysts are comparing the price action in the past week to Gold’s fractal of the 70s. Mark Twain’s comment “history never...
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As price drops, are Bitcoin hodlers on the backfoot?

Bitcoin’s volatility is high this week, as the price has dropped from $19000 to $16900. The price hike was supported by the “shortage of supply” narrative. Looking at how the supply is not short anymore and based on data from Chainalysis, the change in BTC held on exchanges in the last day is 39.51k BTC,...
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Bitcoin and Crypto Worth $4 Billion Seized From PlusToken Ponzi Group

Chinese authorities seized around $4 billion worth of bitcoin and other cryptocurrencies from the notorious crypto Ponzi group PlusToken. This comes after the Chinese police arrested the core team running the scheme in July. Around $4 Billion Worth Of Bitcoin And Crypto Assets Seized According to CryptoPotato’s previous report on the PlusToken saga, the crypto...
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Cardano, Cosmos, Compound Price Analysis: 28 November

Nearly every coin of relevance in the crypto sphere saw a drop in their price that coincided with Bitcoin’s correction from $19,400. Some altcoins were only correcting recent, strong gains, and can still be considered to be in a healthy uptrend on a longer timeframe. Cardano and Cosmos found strong support at important levels of...
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Binance Coin, Stellar Lumens, IOTA Price Analysis: 28 November

Bitcoin’s price came close to its all-time high and retracted once again. The price of the largest digital asset has also impacted the alts given their correlation, but with high volatility, the trends keep changing almost on a daily basis. At press time, BTC was witnessing a strong surge in its value, which also made...
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South Korea To Postpone Previously Planned Crypto Income Tax

Lawmakers in Korea are planning to postpone a recently considered tax on crypto assets profits. Reports say the tax rule delay will be about three months – instead of October 2021, January 2022. The New Crypto Income Tax Rule To Wait Until January 2022 According to a recent media report, the South Korean congress plans to...
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Why Bitcoin’s volatility is falling, despite the drop to $17k

This past week has been one heck of a ride, and that’s by Bitcoin standards. After rising to over $19,000 for the first time since December 2017, teasing close to the ATH, Bitcoin crashed by nearly $3,000 in two days, and left the same old dinner conversation open – ‘Bitcoin’s too volatile to invest in.‘...
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Bitcoin: Why it’s hard to know when to sell

When Bitcoin’s price was rallying, most traders were glued to trading platforms or whatever exchange it is that they trade on. The price climbed from $17000, all the way to $19000, and back, did they sell, and if they did, did they time it right? Why is it so hard to tell when it is...
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XRP long-term Price Analysis: 28 November

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice XRP’s value has moved up the price scale after months of restricted movement. The value of the third-largest digital asset reached $0.7852, after which the value began to decline. The world’s third-largest crypto,...
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Ethereum mining difficulty hits an all-time high

Ethereum mining difficulty hit an all-time high on 27 November. The mining difficulty jumped to 3,719 terahashes as the second-largest coin was being traded close to $511. Source: Twitter This all-time high was registered on the heels of a two-year high marked at 3,650 terahashes on 21 November, as noted by the data provider Glassnode....
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Yearn Finance announces merger with Cover Protocol

Yearn Finance has been actively integrating with multiple DeFi protocols of late, and Cover Protocol is the latest addition to this chain of partnerships. Yearn Founder, Andre Cronje, announced the Yearn and Cover merger earlier today, stating that Cover will become the backstop coverage provider for the Yearn product suite, as well as for DeFi...
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Ripple Plans To Cash Out 33% Of Its MoneyGram Stake With A Significant Profit

The San Francisco-based payment protocol has filed a document on Friday with the US Securities and Exchange Commission (SEC). It reads that Ripple Labs has entered into an agreement with MoneyGram, which entitles Ripple to sell up to 4,000,000 shares of common stock. Ripple’s option to sell these shares will expire “upon the earliest of...
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Bitcoin Cash hard fork BCHA faces 51% attack

The recently forked BCHA chain is currently under attack by an anonymous miner that is attempting to force whatever is left of the chain into non-existence. The anonymous miner, known as voluntarism.dev has changed the Coinbase rule so that all miners need to send 100% (instead of 8%) of the block rewards to the IFP...
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Ripple is selling a third of its MoneyGram shares

Ripple and MoneyGram announced a strategic partnership in 2019. A year later, Ripple is selling roughly one-third of its stake in MoneyGram. This was the first time Ripple has taken such a step. According to a filing with the United States Securities and Exchange Commission [SEC], Ripple owns 6.22 million shares [8.6% of outstanding shares]...
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Bitcoin Cash, EOS, VeChain Price Analysis: 28 November

Bitcoin corrected from $19,200 to $16,400 and was trading at $16,900 at press time. This forced alts to shed value quickly as well. Bitcoin Cash dropped 25% from a local high and saw support at $267 flipped to resistance. Vechain and EOS were short-term bearish but they might be able to stay above key support...
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Bitcoin: Temporary Correction or No ATH This Year? The Crypto Weekly Market Update

Bitcoin has a way of surprising people. This week was no exception. A few days ago, almost everyone believed that the cryptocurrency is inevitably headed to a new all-time high. And how could they not? BTC was trading at a few hundred USD below the record from back in 2017. Unfortunately, things took a turn...
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Bitcoin (BTC) $ 97,600.15 4.12%
Ethereum (ETH) $ 3,304.54 6.75%
Tether (USDT) $ 0.999864 0.09%
Solana (SOL) $ 244.21 2.89%
BNB (BNB) $ 619.75 1.34%
XRP (XRP) $ 1.14 0.90%
Dogecoin (DOGE) $ 0.387993 0.64%
USDC (USDC) $ 0.999143 0.09%
Lido Staked Ether (STETH) $ 3,303.31 6.75%
Cardano (ADA) $ 0.805739 1.78%