The current Bitcoin bull run, or more appropriately labeled ‘price rally,’ has been initiated by large investors and institutions, not by retail traders. It is evident from the trade volume and activity on spot exchanges that institutions are buying and HODLing. There are big spot buyers and the correction in Bitcoin’s price, like the recent...Read More
Disclaimer: The findings of the following article ar the sole opinion of the writer and should not be taken as investment advice Litecoin, the cryptocurrency dubbed the silver to Bitcoin’s gold, has emerged out of its bear market quite gracefully. Its 2020 YTD returns, at the time of writing, were 90%, a figure that wasn’t half...Read More
Bitcoin’s price has been in a state of constant fluctuation over the past few weeks, dropping to a low of $17.6k before recovering to climb above $19k, at the time of writing. The drop in price witnessed earlier was a cause for concern for many investors who believed that the market was headed for a...Read More
Bitcoin cycles have evolved over the past decade, a development that has been pretty similar to Bitcoin’s own evolution as an asset. Also obvious is the maturity of not just the market’s investors, but the perception of Bitcoin as an asset class. If 2020 has proved something, however, it is that Bitcoin is a resilient...Read More
Ethereum showed strength in the market and recovered from the $540-level it dropped to a couple of days ago. Augur experienced significant volatility in recent weeks. Finally, FTX Token continued to climb on the charts, with the crypto on an uptrend it has been on since early November. Ethereum [ETH] Source: ETH/USD on TradingView ETH...Read More
CoinShares data reaffirms the narrative that institutional investors continue to allocate considerable amounts into cryptocurrency assets. Last week was the second-highest seven-day period with nearly $430 million inserted in the crypto market, driving the assets under management to an all-time high of $15 billion. Record-Breaking Weeks For Institutional Money In Crypto By citing data from...Read More
With Bitcoin’s price dropping below $19,000, the focus has shifted from the world’s largest cryptocurrency to Ethereum and the rest of the market’s altcoins. Institutions that dabbled in Bitcoin since June 2020 are now discovering Ethereum following the launch of ETH 2.0. In fact, scalability issues faced by Ethereum might have well become a thing...Read More
Bitcoin’s recovery over the past couple of days from $17,600 to $19,200 was accompanied by rising Bitcoin dominance. Large-cap alts gained in value over the same period, but in general, they were not as quick to surge. Polkadot broke past the $4.8-resistance level, but it saw bears and profit-taking around the $5 region. EOS broke...Read More
Almost 2 weeks after Ethereum 2.0 beacon chain went live, over 1.4 million ETH have been staked on the deposit contract, with 31,000 active validators and 13,000 in the activation queue. While the ensuing period since hasn’t been too development-heavy, according to some like developer Ben Edgington, ‘no news’ is good news. “It’s been a wonderfully...Read More
Bitcoin’s last 2 quarters in 2020 have been quite volatile. Rather, that has been the case for most of 2020. In fact, each quarter had something important like the Pandemic-induced crash in Q1, the V-shaped recovery in Q2, the institutional buying in Q3, followed by the rapid explosion in price in Q4. While institutions have...Read More
Bitcoin SV recovered somewhat following the gains Bitcoin posted over the past couple of days, with BSV approaching its level of resistance on the charts. IOTA was trading just above its level of support, and a rise past $0.3 signaled that a test of $0.326 was imminent. Nano gave a bullish signal and posted some...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin, the world’s largest cryptocurrency, was hovering in the $17,000-range 24-hours ago. However, the price did seem to have appreciated considerably since. At press time, Bitcoin looked toppy, with its price recorded to be...Read More
Tezos has recorded losses over the past couple of weeks and it was heading back towards the $2-level of support, at the time of writing. Basic Attention Token was also on a downtrend since early-December and found support at the $0.2-level. Finally, Dogecoin was consolidating at its level of resistance. Tezos [XTZ] Source: XTZ/USD on...Read More
A hard fork was initiated on the Cardano network a few hours ago, one that has largely gone unnoticed, presumably due to the way in which it was executed. The hard fork was initiated to introduce the token locking mechanism to the Cardano blockchain and the complete transition will now take place on 16 December...Read More
Chainlink sat atop an important level of support, the loss of which would confirm that the market’s bears were in the driving seat in the LINK market. Synthetix registered a notable lack of buying volume in recent weeks, and it could continue its descent past $4.2. Finally, Status formed a bullish pattern and could see...Read More
