After volatility hit the consolidating market of Bitcoin, the value of the asset was driven to a peak of $12,473 on 17 August. However, ever since the traded value of the asset has remained in the mid-$11k level. At press time, BTC was valued at $11,586 with a high correlation coefficient of 0.4751 with the...Read More
Back in May 2019, Bitcoin started at $4000 and came close to $14000 however the momentum could not be sustained and there was a subsequent fall in the price. There were signs of a bull run in the first half of 2020 in anticipation of the upcoming halving and the event acted as a potential...Read More
After peaking at $447 on 17 August, the price of Ethereum has been moving lower. As ETH was currently being traded for $396, its miners were witnessing a sharp decline in their revenue as the Ethereum fees dropped by almost 80% from its all-time high on 22 August. The DeFi hype had maintained higher gas...Read More
The Chicago Mercantile Exchange (CME) has climbed up the listings to rank in the top 10 derivatives exchanges. The volume and open interest from institutional heavyweights on exchanges like CME solidify Bitcoin’s mainstream acceptance. It fuels anticipation and liquidity on spot and derivatives exchanges for retail traders. The magnitude of the influence is debatable, however,...Read More
Since its mysterious inception to being a well-known asset, bitcoin has come a long way. The bitcoin community, however, has moved from doubt to amusement to where it stands now, a fan, follower, etc. People have come into the community and stayed while others haven’t. The point is that the community has retained a few...Read More
After consolidating for a good three weeks above $200, Bitcoin SV finally dropped below long-term support on 21 August. The depreciation seemed inevitable over the past week, as a consistent array of price drops led to BSV’s new price range. With a market cap of $3.67 billion, the asset is currently in close proximity with...Read More
The ongoing Bitcoin price rally is lucrative to traders on spot and derivatives exchanges, however, there are several factors that may influence the trajectory of the coin. This article takes a deep dive into the red flags to look out for. Looking at Bitcoin’s 24-hour change, the change is less than 0.50 percent, and weekly...Read More
Consider this – Exactly three months ago, the TVL locked in DeFi was well under $1 billion. At the time of writing, the same figure was closing in on $7 billion, with DeFi’s market cap north of $14.5 billion. The differential over the three months is just one of the metrics that tell us how...Read More
“Extraordinary claims require extraordinary evidence” This is the Sagan Standard, an aphorism made popular by astrophysicist Carl Sagan via Cosmos. It’s a pithy observation, one that applies to not just the greater realms of Science, but also to Bitcoin and the rest of the cryptocurrency market. This is especially so when it comes to an...Read More
In the past six months, the pandemic has gripped the world economy. Companies are going out of business, governments and banks have bleak projections for 2020-21 and are comparing the current financial meltdown to the great depression. Despite this, it has played out counterintuitively for the global financial markets. S&P 500 broke records hitting an...Read More
As one of the largest organizations managing crypto-investment trust funds for accredited and retail investors, Grayscale recently crossed the $6 billion-mark with respect to Assets under Management (AUM). That’s not all, however, as over the past few years, besides catering to institutional investors, Grayscale has also seen increasing retail demand for crypto-exposure through 401k savings....Read More
Chainlink’s growth recently, especially in the month of August, has largely been parabolic, with many in the community under the belief that it may replicate Ethereum’s incredible price appreciation from 2017. It’s not hard to see why these people have these expectations as following its most recent surge, LINK shocked everyone after it climbed as...Read More
DeFi has been a widely talked-about sector over the past few months. This is not at all surprising in light of the fact that DeFi’s market cap has risen exponentially over the summer. A look at DeFi Pulse’s charts clearly underlined the rate of growth since the TVL in DeFi had risen to $6.69 billion,...Read More
The cryptocurrency industry has been developing at quite a fast pace and this has helped change the outlook of investors and governments around the world about crypto. Although it will be naive to say that the world has accepted crypto, many nations have been inching closer to embrace it, one step at a time. The...Read More
Bitcoin’s price has been tumbling lower ever since it touched the yearly peak of $12,473 on 17 August. This sudden boost in the price of the largest digital asset garnered the attention of traders who were busy dealing in altcoins while BTC was in a consolidation phase. The Bitcoin futures open interest was sitting at...Read More
Digital assets are not taken lightly any longer. Many businesses are forming around it and the use of blockchain and crypto is developing every year. Now Bitcoin and Ethereum are the flag bearers but a majority of the public still fails to distinguish between Ethereum and Ether with clarity. Yes, the general crypto public is...Read More
Bitcoin‘s market price is under a transitional period and the same can be said for the market sentiment at the moment. Correlation is a huge part of the market and any price movement often changes the metric which leads to important alterations. The asset’s price recently topped at $12,500 and it led to an interesting...Read More
Until the previous year, most major nations were up in arms about the launch of the social media giant, Facebook’s stablecoin, Libra. However, after a year we have noted an uptick in the attention paid to not only cryptocurrencies but also to stablecoins. The stablecoin supply has reached 10.116 billion coins, among which Tether [USDT]...Read More
Ripple Foundation with CEO Brad Garlinghouse believe in the future of cryptocurrency, so we make the largest airdrop on history for 100,00,000 XRP – Visit: www.xrpgirft.org Yeah, that’s how the latest “XRP giveaway” introduces itself. Like many in the past, the latest XRP giveaway scam on YouTube claims to be genuine, with its ‘live stream’...Read More
Ethereum has been on a wild ride over the past couple of weeks and has been outperforming the largest cryptocurrency, Bitcoin. After an extended period of consolidation, ETH has witnessed a stellar rally of around 88% rising from $236.97 to $445.4 within a month. These gains have been often linked with its correlation with Bitcoin,...Read More
Bitcoin has been called a lot of names and has been through a lot of phases as well. With where it stands, it can be safely called a store of value and internet money that can be transferred p2p. At press time, Bitcoin continues to remain well over $11k with a trading price of $11,813...Read More
There was a time when a pump in the Bitcoin market would translate into growth for other cryptocurrencies. However, recently, there have been signs of an inverse correlation between Bitcoin and many other altcoins, especially small-cap assets. The previous week’s market movement put major crypto-asset, Ethereum [ETH] in a top spot for incurred gains as...Read More
After Bitcoin dipped by a total of 6.25% between Tuesday and Wednesday, liquidations worth $50 million were spotted. Although this drop is small compared to the drop on August 2nd, there might be fears of a price crash. Perhaps, in a fashion similar to the March crash, that wiped out bitcoin’s price by more than...Read More
Bitcoin’s price has remained consolidated above $11k for quite a while in August, however, a sudden pump in the market on 17 August did not just push the BTC price above $12k, but its hash rate also marked an ATH. According to a recent report by Arcane Research, the 7-day moving average hash rate of...Read More
With a vast majority of altcoins pumping, this feels like the beginning of a bull run. XRP, however, seems to be a little behind on the price pump and is undervalued. Undervalued, in the sense that, the price needs to accurately reflect the developments seen around the token itself and Ripple. Ripple Addressing the “skeptics”,...Read More
With all the buzz around Chainlink’s and Bitcoin’s rapid rise and consolidation, respectively, other resurgent and dampened altcoins have been left out of the limelight. Bitcoin Cash, the hardfork of Bitcoin, for instance, has been replaced on the 5th spot of the coin market by the aforementioned Chainlink. Tezos despite a bullish rise has been...Read More
How does one identify if a market is healthy or not? Well, that is a question with no right or even one answer. What can be expanded upon here, however, is the nature and attitude of the investor class – a crucial characteristic of a healthy market. How has that changed over the years and...Read More
If one were to take a survey, chances are that most would agree that the last few weeks and months have been pretty good for the cryptocurrency market. Bitcoin, and with it, the rest of the crypto-market, seem to be on the up, with the memories of Black Thursday well behind it. However, that’s not...Read More
Over the past decade, the crypto-market has diversified significantly and today, the average crypto-user has a wide variety of options in terms of coins and derivatives products to choose from. However, this growth hasn’t translated well when it comes to addressing issues pertaining to regulatory and tax compliance. Tax laws and the IRS’s guidelines for...Read More
DeFi’s ecosystem has come a long way over the past few months. From a Total Value Locked (TVL) figure of $539.8 million right after the market crash in March, it has recovered extraordinarily well to climb to $5.77 billion, at the time of writing. In the eyes of many, DeFi is the hot property of...Read More
