It feels like just a few weeks ago we were talking about Bitcoin’s $10,000 breakout, and now the cryptocurrency is positioned to go past $12,000. This wouldn’t be the first time Bitcoin has broken over this level in the past few days, but if it manages to stay above the same for at least a...Read More
Ethereum has been indicating strong signs of bullish momentum in the cryptocurrency market. The second-largest digital asset has been on an upwards journey since mid-July and witnessed another boost in terms of its price on 13 August. As the price of Ether surged by 18.55% within a day, the value of ETH peaked at $432.94....Read More
Leaving aside the fact that Bitcoin has been a strong ‘buy’ for a number of years [except 2015 and 2018, if we’re being picky] short-term traders get very anxious looking at the immediate price movement of Bitcoin. In times like these, it is better to be a hodler than a trader, but what if there...Read More
Apart from the value of the second-largest asset, another feature driving people’s attention towards it was the spike in its gas price. The amount of fees being spent on the Ethereum network has reached an all-time high. Data from Glassnode suggested that over 17,500 ETH [USD $6.8 million] were currently being spent on fees daily...Read More
With 2020 proving to be a year quite unlike any, there is a lot of debate around how cryptocurrencies can emerge quite successfully amidst the extreme uncertainty that has taken over the economy. For Bitcoin, the world’s largest cryptocurrency, 2020 was important as it underwent its third block reward halving, an event that reinforced its...Read More
The cryptocurrency market has been seeing decentralized finance [DeFi] driving growth in the crypto-verse. Recently, on 9 August, the total market cap peaked at $11 billion, however, at press time was back to $9.275 billion, as per data provider DeFi Market Cap. As the market cap moves higher, the total value locked in DeFi was...Read More
Ethereum [ETH] may rank second in terms of popularity among major cryptos but has definitely turned out to be a good investment in 2020. The digital asset has been returning nearly 174% to its investors in YTD. As its returns increase, the crypto community has been focused on the circulating supply of the coin, as...Read More
From the world of altcoins, Chainlink or LINK tokens seems completely unstoppable at the moment. In the past few days, Chainlink has risen by 45 percent in the charts, rising from $9.80 to $14.48 on the 9th of August. As the token consolidates at its all-time high range, we looked into a few developments over...Read More
Ethereum gas fees hit a level seen 5 times in the last 4 years; why? The average gas fees on Ethereum blockchain has hit a level not seen in a long time. The average gas fees, at the time of writing, was just below 200. However, as per ETH gas station, for fast transaction confirmations,...Read More
The crypto industry is almost 2 weeks into August, and since the colossal surge on August 1, Bitcoin‘s price has been tepid again. With the price sustaining between the range of $11,500-$12,000 for the majority of the time, optimism is currently pinned on other factors for the bull run to continue. Multiple arguments have been...Read More
With every Bitcoin push comes the question of a push back, and when such a question arises all eyes point to the whales. Big movers of the cryptocurrency, operating on a host of exchanges, are even leveraging their trades, whales have a unique place in the Bitcoin market, and they have been the originators of...Read More
Ethereum and its ecosystem look wildly bullish according to Satniment’s “social sentiment on Twitter” indicator. According to the indicator, it has a deviation of +2.78 from the neutral position, which is at an all-time high. Social Sentiment Source: Twitter This comes at a time when bitcoin has hit $12,000 twice within 2 weeks of August...Read More
Bitcoin mining as an industry has evolved over the years as BTC’s price has. From being able to mine BTC using CPUs to GPUs, FPGAs, and ASICs, the industry has matured with the current hashrate at 124 TH/s with difficulty at 16.8 T [trillion]. Before the 3rd halving, the price suffered a catastrophic crash in...Read More
With Bitcoin breaking resistance after resistance, at some point reality is likely to set in and when it does, will the price hold, surge, or breakdown? At press time Bitcoin is flirting with the $12,000 level for the second time in 10 days, and the market is growing anxious if past events will repeat itself,...Read More
Last week, when Arcane Research reported that the number of Bitcoin transactions going up was not met by high transaction fees on-chain, people shifted their attention to SegWit. It was soon found that SegWit usage in 2020 is becoming popular again and 65 percent of the transactions are using digital signatures. It was a monumental...Read More
DeFi 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. At the time of writing, the same figures had risen to as high as $4.58 billion. Leaving ETH behind Interestingly, while...Read More
The last few weeks have been good for Bitcoin, and by extension, the cryptocurrency space. Sure, the world’s largest cryptocurrency finally surged on the charts to give much-needed relief to its investors, but that wasn’t all. With every passing day, cryptocurrencies are being legitimized as an “asset class,” and mainstream institutions are finally playing a...Read More
A week ago, Bitcoin dropped by 8 percent in an hour, minutes after it surged over $12,000 for the first time in 14 months. On August 2, between 0400 to 0500 UTC dropped from $12,000 to under $11,000 and considering the history of the cryptocurrency markets, this bleeding was pegged to continue. Quite surprisingly, not...Read More
For most investors, the crypto-market is no longer uncharted territory. Thanks to increasing regulatory clarity and mainstream adoption, institutional investors are now flocking in. With the industry maturing over the past decade, it would seem that North America has emerged to become a very important market, something evidenced by the fact that it has more...Read More
Cryptocurrencies, like any other financial asset, have long been used for ransom by illicit actors. Over the years, there have been multiple crypto-scams and Ponzi schemes that have managed to siphon a huge amount of cryptos directly from users, while others have attacked third parties like exchanges with Ransomware or DDoS attacks. Impersonation scams have...Read More
Discussions involving Gold and Bitcoin in the same sentence are never far from making the headlines. Both the non-yielding assets have made significant strides in 2020 as the traditional stock market lost a bit of its credibility. With Bitcoin nearing $12,000 at the time of writing, Skew analysis suggested another ground-breaking development between the two...Read More
With Bitcoin’s price gathering positive momentum in its price charts, some of the important metrics were beginning to witness a shift. The largest digital asset recently breached over the $11,500 once again and it is currently marching towards a re-test of the $12,000 resistance. With the price climbing the valuation ladder, the Glassnode indicated that...Read More
If the past few weeks are anything to go buy, you better have Bitcoin in your portfolio. The cryptocurrency is now trading at over $11,500, not only consolidating into five-figures, but surviving a bull trap, and decoupling from the stock market in the process. Going by this change of market sentiment, and with the backdrop...Read More
Shifting trends are not uncommon in the crypto industry. At the moment, Ethereum’s bullish narrative is possibly heading towards a restructure. It seems like a long time but Ethereum surged past its $400 resistance only a week back. The fact that the community has been talking about it consistently is making it impossible to keep...Read More
After having struggled below the $10,000 mark for a long time, Bitcoin managed to go past it recently after it broke out of its rather long consolidation phase. While Bitcoin is often accused of exhibiting alarmingly high volatility, during the course of the past month, its volatility dropped substantially to the dismay of many traders...Read More
While most crypto-users have welcomed regulations that are now being developed for the digital assets market, it hasn’t always been smooth sailing when governments and regulatory bodies have confronted compliance-related challenges. While more regulations have helped the industry grow and even improve user and investor confidence, there are questions of data privacy that have arisen...Read More
Regulations have helped the crypto-market establish a greater degree of credibility over the past 18 months. With an increase in interest for crypto from traditional and institutional investors, the importance of greater regulatory clarity cannot be overstated. However, given the fact that the crypto-market is rather diverse and that coins like Monero and Zcash have...Read More
The last few months have been pretty fruitful for Cardano. Not only did its native cryptocurrency, ADA, perform exponentially on the charts, but Cardano also hit a major milestone recently following the much-anticipated Shelley hardfork. In what is more good news, popular crypto-exchange Bitfinex has announced that it will be listing ADA on its platform,...Read More
The dreaded consolidation of Bitcoin finally ended as the price of the asset began going higher. The asset had an eventful week as it crossed $10k and stayed above it for the first time since August 2019. This rise in price was from $9,88 to a peak witnessed at $12,030. However, a sharp fall to...Read More
Bitcoin is certainly enjoying its ‘purple-patch’ period at the moment. Alongside strong price movement and trading at a higher range, its fundamental metrics are witnessing new milestones as well. According to blockchain.com, the number of unique addresses in the Bitcoin network is currently on a steep incline since the start of 2020. Source: Blockchain After...Read More
