23 December 2020, will be a day XRP holders would want to forget. The 52.92% drop during a 24-hour window indicated a catastrophic impact following news breaking regarding SEC’s decision to file a lawsuit against Ripple. Market corrections took charge the next day, and the coin managed to register a position above $0.33. While the...Read More
After Bitcoin noted a gain in price, altcoins Ethereum, Ethereum Classic and Cardano followed suit and rose along with the broader market. Ethereum [ETH] Source: ETH/USD, TradingView ETH’s 4-hr chart showed that prices have been consolidating between $575.50 and $637.46 for the past 4 days. At press time, the world’s second-largest cryptocurrency was rising along...Read More
After recovering from the aftermath of the $1 billion shorts liquidation in Bitcoin, traders have now been hit with increased activity on the Bitcoin network. The supply shortage narrative may still be at play; however, there is more stability than one would expect above $23,000. It may come as a shock to many, but network...Read More
Calling Litecoin a surprise performer in the present bull run is odd. The asset has been a major altcoin for years but over the course of 2020, other assets had overshadowed LTC. During several rallies, LTC remained quiet, and the likes of Chainlink, Binance Coin, and even Polkadot overtook on several occasions. The recent bullish...Read More
Although BAT, XTZ, and EOS had been under strain during the month of December, prices picked up pace over the past few trading sessions which painted a picture of optimism for the altcoins. Basic Attention Token [BAT] Source: BAT/USD, TradingView While BAT’s price tried to gain momentum since mid-December after a difficult start to the...Read More
While Bitcoin, the world’s largest cryptocurrency, was happy to consolidate its position on the price charts, most of the altcoin market was witness to a bloodbath, with a host of cryptocurrencies depreciating significantly. XRP, understandably, was one of the worst-hit, with Dogecoin and Bitcoin SV following suit. XRP Source: XRP/USD on TradingView XRP, one of...Read More
An actual Bitcoin ETF does not exist in the current financial industry (YET). Over the years, many organizations such as Bitwise have thrown in their hats to launch a BTC ETF but time and time again, SEC has shot it down. Yet, Grayscale Bitcoin Trust is as close to an ETF as it gets. With...Read More
The last few days haven’t been great for most of the crypto-market, with many of the industry’s altcoins seeing red on the charts, having failed to build on the impetus provided by Bitcoin’s price movement. While hikes were momentary, subsequent corrections have been significant in the cases of Bitcoin Cash, Tron, and Cosmos. Bitcoin Cash...Read More
“In light of the recent SEC filing against Ripple Labs Inc., which alleges that XRP is a security, we are going to halt all trading and deposits of XRP for our US customers on 8 January 2021 at 9 PM UTC.” Bitstamp updated its US customers on 25 December. US customers will be able to withdraw...Read More
The rumored deal between the online payment processing giant PayPal and the cryptocurrency custodian BitGo will not occur. Instead, both companies will reportedly focus on separate new ventures. PayPal And BitGo Deal Won’t See The Light Of Day The online payment processor co-founded by Elon Musk started showing sympathy for the cryptocurrency industry earlier this...Read More
Since crossing its previous ATH on 16th December, Bitcoin has done considerably well to maintain a position above $21,900 since the 17th. The king coin has not spent this much time at all-time high levels in the previous phases of bull run, and it continues to baffle the market. Over the past few days, other...Read More
The impact of Bitcoin’s bullish movement on the rest of the market wasn’t meant to last as many alts that did register brief hikes across the board when BTC climbed to a new ATH, were also quick to register corrections. In light of Bitcoin’s market dominance of 68%, one can expect these altcoins to soon...Read More
Chainlink’s performance in the 2nd half of 2020 can only be described as turbulent. While the asset recorded a new high of $20, it fell down by 60% over the next 30-days. The price began to rally yet again and a 105% hike between October and November re-opened fresh bullish prospects. Sadly, due to its...Read More
With so much confusion in the market regarding XRP and Ripple, there’s one lingering question among holders, “Should I buy/sell/hold XRP?” It all started with the SEC lawsuit. Ripple Vs. SEC: The Lawsuit The lawsuit filed by SEC against Ripple and its two executives – Chris Larsen and Brad Garlinghouse – is the most trending...Read More
With a value of $23,324 at press time, Bitcoin seemed to be spending a record period of time above $19,000 (previously it was less than 24 hours). The crypto-asset’s price growth should have turned the wheels on major derivatives exchanges, but surprisingly, that hasn’t been the case. CME’s cash-settled Futures contracts have been under the...Read More
Thanks to Bitcoin’s overwhelming market dominance, the altcoin market’s high correlation stats with BTC shouldn’t be unexpected. Despite Bitcoin maintaining its bullish position on the charts, many of the market’s alts haven’t quite replicated that movement, with the likes of Monero, Dash, and Augur moving in the opposite direction instead. Monero [XMR] Source: XMR/USD on...Read More
In a recent interview, MicroStrategy CEO Michael Saylor said that bitcoin is an institutional-grade “safe-haven” asset and that the premium crypto was a solution to the “store of value problem” that “everyone” faced. He stated: First of all, Bitcoin itself is an institutional-grade safe-haven asset and it’s engineered to be superior to gold in all...Read More
With Bitcoin holding firm between $22,500 and $23,500 for the past few days, one would expect the market’s altcoins to hold steady and consolidate as well. However, while Bitcoin has remained bullish, many alts were unable to sustain their market momentum, with the likes of Binance Coin, Chainlink, and EOS exhausting themselves on the price...Read More
Keeper Finance (KFI) has announced the launch of an Initial Exchange Offering for its native token KFI on BigONE exchange. The crypto exchange will list KFI on December 22nd 2020 at 15:00 (UTC +8) and begins with the first round of IEO subscription. The subscription period will take place between December 22nd at 15:00 PM...Read More
The last couple of years showed a great surge in the popularity of Decentralized Finance. And it is not surprising, since it gives people a lot of advantages, from the possibility to make transfers without a bank account to the absence of a centralized third party. Up to 1.7 billion people don’t have access to...Read More
It’s a bullish start to the day for the major cryptocurrencies. Steering clear of the day’s pivot levels would bring resistance levels into play. Overall, the crypto’s price is currently caught within a holding pattern with defi tokens like LINK, SUSHI, and YFI price showing massive gains. On December 23rd Bitcoin price successfully surpassed Yearn.Finance...Read More
Khurram Shroff, Chairman of IBC, or International Blockchain Consulting Group, believed that cryptocurrencies could replace bullion in the future. Speaking about Wall Street’s “renewed interest” in crypto markets, the Dubai-based executive also believed that Bitcoin’s scarcity “helped maintain buoyancy” in such markets. Shroff said in a report: Decentralized cryptocurrencies are sparking renewed interest on Wall...Read More
