Grayscale Investments’ total assets under management (AUM) are now worth $25 billion in crypto according to the firm’s latest announcement on 13 January: 01/12/21 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products. Total AUM: $25.0 billion$BTC $BCH $ETH $ETC $ZEN $LTC $XLM $XRP $ZEC pic.twitter.com/0aNNHB1VKb —...Read More
New Zealand’s financial regulator has warned investors of the dangers of investing in Bitcoin. The comments were aimed at the recent fluctuations in the price of the major cryptocurrencies, which have shown quite the amplitude. Negativity, Led By The Recent Ups and Downs of BTC Price New Zealand’s Financial Markets Authority (FMA) has issued a...Read More
With Bitcoin rising up the valuation ladder in 2021, there has been aggressive demand for stablecoins since the first of January. In fact, the collective market cap of all stablecoins, at the time of writing, amounted to ~$33.5 billion, after the supply added $4 billion in the past 12 days alone. Source: Coinmetrics CoinMetrics‘ data...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Tezos, at the time of writing, was trading at $2.40, with XTZ having a market cap of $1.8 billion, making it the 22nd largest cryptocurrency in the world. With XTZ up by 2.1% in...Read More
Cardano entered a consolidation phase as its price refused to lean in either direction, with ADA taking its guidance from market leaders Bitcoin and Ethereum. SNX showed signs that its bullishness was coming to an end, and a move towards the $13.41-support might be a possibility. ATOM was capped at the resistance around $5.97, but...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice EOS‘s price has suffered a hit like every other altcoin in the market. However, the crash in EOS’s price came as a blessing in disguise since its price was soon back to its crucial...Read More
Ethereum’s losses were sustained at the $1,042-level as the market’s bulls stepped in and eased the selling pressure. At the time of writing, the strong resistance level at $1,139 was restricting ETH’s price, but the momentum could shift if the price manages to topple the upper ceiling. On the contrary, altcoins such as Zcash and...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Zcash, at the time of writing, was in a unique spot in the market. While the rest of the crypto-market was consolidating at a lower range, ZEC managed to rally back to its yearly...Read More
Polkadot may soon see its first-ever parachain, with Plasm Network announcing today that it has successfully connected to Polkadot’s testnet Rococo V1 locally. Announced last month, the Rococo-V1 testnet is based on the latest version of the parachain consensus, which is the same code that will run on Polkadot and Kusama. According to Polkadot Co-Founder...Read More
Most of the cryptocurrency market struggled to register gains on the price charts after Bitcoin fell below the $36,000-mark once again. Following the world’s largest cryptocurrency’s lead, altcoins such as Litecoin, Monero, and DASH flashed red, with the direction of their near-term movement still far from certain. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin, the world’s...Read More
Chainlink was one of the top performers last year before Bitcoin and Ethereum stole the show in Q4 of 2020. While the altcoin has managed to retain a position above $10 for a majority of the last 6 months, it hasn’t really participated in the market’s price rally over the past few weeks. Interestingly, the...Read More
Germany’s central cybercrime authorities have taken down Internet marketplace DarkMarket and now hold its operator in custody. On 11 January, investigators shut down the marketplace’s servers and seized 20 other servers in Moldova and Ukraine. Officials plan to use the confiscated database from the servers to find the alleged moderators, sellers, and buyers of the...Read More
After Bitcoin managed to claw itself back to the $34,000-level, the altcoin market posted slight gains on its charts. Similarly, altcoins such as EOS, NEO, and DOT were flashing green, at press time, as the market’s buyers alleviated some of the losses made over the past 24 hours. However, there was uncertainty in the market...Read More
After the dust settled on the broader market after yesterday’s bloodbath on the price charts, altcoins such as Tezos, Ethereum Classic, and YFI gave mixed signals as buyers and sellers contested for market control. A definitive change in market leaders BTC and ETH’s movements could dictate the near-term future of the aforementioned altcoins over the...Read More
Cardano Founder Charles Hoskinson’s updates have been crucial to the development of the ecosystem over the past year. So is the case this time too, with IOHK’s CEO giving the community some important updates during his latest AMA. During the same, Hoskinson revealed that the Mary hard fork is coming in February, with the same...Read More
After Bitcoin, the world’s largest cryptocurrency, stabilized above the $36,000-mark, the broader altcoin market managed to cut its losses after yesterday’s fall. Altcoins like Bitcoin Cash and DigiByte were looking to rise on the charts as the buyers sought control of the market, while on the other hand, BAT was well on its way to...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice A dropping Bitcoin market has caused the value of the remaining cryptos to also witness a tremendous fall. The privacy-centric coin, Monero had already run into trouble with the exchange’s delisting it due to...Read More
After Bitcoin fell on the charts, the broader altcoin market moved in tandem with the king coin and slumped into the red territory. However, BNB signaled a potential pullback towards $41.7, while IOTA’s and VET’s fall halted at their current support levels. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin’s fall along with the broader...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice The impact of the falling market has been felt in the Litecoin [LTC] market as well. Even though the LTC market was consolidating, the falling price has broken the sideways momentum. The digital asset...Read More
After a correction in the world’s largest cryptocurrency forced Bitcoin towards the $34,000 mark, the broader altcoin market followed suit and declined on the charts. Altcoins LINK and BSV succumbed to the fall and fell below multiple support levels. On the other hand, ZEC managed to give positive returns in a turbulent market but showed bearish...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice The cryptocurrency market noted a large price swing yesterday. As the value of the largest digital asset, Bitcoin fell from $40k to $35k, and the overall altcoin market fell. The price of Polkadot has...Read More
Bitcoin Cash fell by 20% over the past 24 hours but the selling volume was not as great as the buying volume that drove the rally, which is bullish for BCH in the long-term. Tron showed the likelihood of facing stiff resistance at $0.03 and was poised to lose another level of support. Algorand could...Read More
Across the market, double-digit percentage losses were recorded as Bitcoin faced selling pressure that caused a drop from $41,000 to $33,000 at the time of writing. Cardano formed a double-top pattern that could see it test the $0.23 level of support soon, while Crypto.com Coin was likely to retest the $0.07 region as resistance before...Read More
While the collective market rallied upwards from the 3rd week of November, Stellar moved in the opposite direction. Till the end of 2020, the asset continued to decline in the market, reaching a low of $0.11. What happened right after, was a radical shift of immense proportions. Between 1st January-7th January, XLM‘s value hiked by...Read More
XRP ceded the crucial $0.3 level of support to the bears and was headed toward the $0.25 level of support. Monero was quite volatile as it saw a strong move upward followed by stronger selling pressure, and appeared likely to test the $150 level of support at the time of writing. Dogecoin’s period of consolidation...Read More
Bitcoin fell by 13% and Ethereum by 17% over the last 24 hours. The pullback for ETH saw a wick as low as $1001 but no further as buyers stepped in to drive the prices up. EOS lost a critical level at $3, while Basic Attention Token also lost the mid-point of its market range...Read More
After touching $18, LINK cooled down as the bears attempted to take prices towards its immediate support. XMR gave mixed signals and its movement could depend on market leader Bitcoin moving forward while DOGE continued its consolidation between $0.011 and $0.008. Source: CoinStats At press time Bitcoin had fallen below the $40k level and was...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice The largest altcoin in the market, Ethereum has been noting its value rise steadily on the charts. Its value has surged by 72% since the beginning of the year from $754 to $1,3012. At...Read More
After Bitcoin moved upwards from the $41,000 mark, the broader market followed suit and most altcoins rose along with the king coin. At press time, ADA, AAVE, and BAT were in the green territory and projected an upside move in the short term. Cardano [ADA] Source: ADA/USD, TradingView After snapping a local high at $0.358,...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice A strong performance from the biggest of the altcoins Ethereum has seen many large-cap coins surge. Binance Coin has been one of the best performing exchange tokens, with a YTD return on investment of...Read More
