Ethereum has been trading just beneath the $600 mark over the past few days. This sideways movement was reflected in the altcoin markets as well. Bitcoin Cash and Tron traded with very little vertical momentum on the charts in the past week. Zcash did not see good buying volume even as it defended a level...Read More
During a recent G-7 meeting held on 7 December, US Treasury Secretary Steven T. Mnuchin hosted a discussion that included ongoing responses to “evolving landscape” of crypto assets and other digital assets. In addition to this, officials and G-7 members discussed national authorities’ work to prevent the use of cryptocurrencies for “malign purposes and illicit...Read More
CEO and founder of the digital currency company Circle, Jeremy Allaire thinks that the Biden administration is likely to be supportive of cryptocurrencies and the benefits the US can obtain from them. In Allaire’s opinion, Joe Biden and his administration will ultimately be supportive of cryptocurrencies because it signifies an infrastructure change as big as...Read More
A court in Paris sentenced alleged Russian Bitcoin hacker Alexander Vinnik to five years in prison for crimes connected to money laundering and for providing false information about the origin of the proceeds. In addition to this, Vinnik has been ordered to pay a fine of 100 thousand euros ($121,000). Suspected of a bitcoin fraud,...Read More
Ethereum registered its highest weekly close in the past 120 weeks with a price level of $601.95. While the short-term outlook and momentum remained neutral over the past few days, ETH bulls might be able to bounce off the $580-support and attempt to go past $620. NEM and FTX Token were also on a strong...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Cardano’s valuation was continuing to hold its position above its immediate support level at $0.138, at press time. It must be noted, however, that over the past 2 weeks, it has declined gradually from...Read More
2017, the year of the historic bull run, was also the year of extremes. On the contrary, 2018 was the year of the big drop while 2019 was the year when the brave HODLed and weak hands sold Bitcoin. Source: Coinstats The year 2020, however, may go down in Bitcoin’s history as the year of...Read More
Bitcoin’s dominance was as high as 63.6% at press time after registering a hike that saw it climb from 61.6% last week. A sustained rise in this metric could spell trouble for the market’s many altcoins. Bitcoin SV‘s bulls attempted to defend the $183-level after breaching it a few hours before press time. Further down...Read More
The ratio of the 24-hour Open Interest [OI] change and market cap seemed to highlight an interesting trend on the question of which coin is the most leveraged in the market. Interestingly, the most leveraged cryptocurrency isn’t Bitcoin or any other crypto in the top 10 of CoinMarketCap’s charts. In fact, the most leveraged cryptos...Read More
Stellar Lumens was in a phase of consolidation before a breakout from the $0.172-level on the charts. Further down the crypto-ladder, while Polkadot had bearish momentum and could lose the $5-support level to the bears in the coming days, Status formed a descending triangle and expected a breakout over the next few days. Stellar Lumens...Read More
The Crypto Fear and Greed Index stood at 95 for the day as Bitcoin traded at $19,041, at press time. Tezos formed a bullish reversal pattern that was yet to be confirmed, while Neo was likely to head back lower to a level of support. Finally, Aave was trading within an ascending channel and a...Read More
Binance Coin could be set to lose the level of support at $29 to the market’s bears over the next few days after noting a lack of buying volume over the past two weeks. The bullish momentum behind the recent gains for both Synthetix and Nano appeared to have evaporated, and both cryptos could witness...Read More
Litecoin has come in for a lot of criticism over the past two years thanks to its lukewarm movement on the charts. Not only is Litecoin trading at a level that is way off its all-time high of December 2017, but organic developments are far and few to talk about as well. And yet, despite...Read More
Bitcoin Cash exhibited some volatility over the past two weeks, with the market appearing to be indecisive at press time, although a downside seemed like a safer bet. Bitcoin will have a huge influence on BCH going forward while IOTA was trading within a rectangle and awaited a breakout backed by strong volume. Enjin formed...Read More
Yearn.Finance’s YFI token has been in the news a lot lately, mostly due to its parabolic movement on the price charts. In fact, within a month of YFI trading at just over $7,500, the token hiked exponentially to touch the $30,000-mark on the 2nd of December. However, while YFI did hold the level for just...Read More
Many large-cap altcoins followed Bitcoin’s lead in the market to a certain extent. However, EOS and DigiByte dropped under a level of support and the subsequent pullback saw the same level retested as resistance. In fact, their indicators pointed towards the likelihood of a downside on the charts. Finally, Ontology formed a triangle pattern that...Read More
The altcoin market saw some coins record gains over the past 24 hours, but there was also some volatility arising due to Bitcoin‘s recent price movements. In fact, while Monero saw a dip to $124 swiftly pushed back up to $132, Basic Attention Token was on a downtrend, but formed a bullish reversal pattern. Finally,...Read More
Thanks to Bitcoin’s performance over the past 10 days, many of the market’s altcoins noted sharp upticks recently. However, that wasn’t to last as the world’s largest cryptocurrency continued to consolidate on the charts under the $19k-mark, many alts fell after a correction wave hit them. While some like VeChain continued to record gains over...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The cryptocurrency market has not lost ground and many altcoins like, Bitcoin have been holding on to a higher value than a month back. Litecoin, the digital silver has also noted a significant rise...Read More
Bitcoin Dominance rose toward 64.3% after posting another higher low at 62.44% for the past week and stood at 63.66% at the time of writing. Bitcoin is currently being traded at $19072 with a 24-hour trading volume of $19.6 billion. Source: CoinStats Some altcoins showed a bullish breakout, such as Bitcoin SV and NEM. Compound...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The XRP market has once again been moving higher up the price ladder and given the momentum witnessed in the Bitcoin market, the price could witness a boost. At press time, the XRP price...Read More
Bitcoin’s rapid institutionalization has raised many eyebrows, around the world. In addition to this, it has also raised the interest and investment of institutional investors, family offices, and HODL waves from retail. In the latest episode of the Pomp Podcast, Raoul Pal takes us to conversations that happened behind closed doors between Macro guys from...Read More
After hitting its latest ATH on the price charts, Bitcoin has fallen. However, optimism remains high, especially since at the time of writing, BTC was still trading at a level right above $19,000. With the world’s largest cryptocurrency consolidating on the charts, many of the market’s altcoins have chosen differing price trajectories. The likes of...Read More
The Crypto Fear and Greed Index showed extreme greed with a reading of 93 for the day and has stayed above 80 since early November. MicroStrategy purchased another $50 million worth of BTC averaged to $19,474 per coin, while Grayscale added another $140 million to its Bitcoin holdings in the past 24 hours. Tron had...Read More
Stellar Lumens was rising to test the level at $0.18 at resistance before retracing more gains from the previous month, where XLM made gains of nearly 200%. Decred was also moving lower on the charts, and it is expected to see a bounce upward at $24.3 support. Waves had a bullish outlook and traded within...Read More
Cryptocurrency regulation has been a widely discussed topic around the world. On the one hand, many nations are trying to find a balance between regulations and innovation, while on the other, there have been steps to stifle the growth and progress of crypto. Recently, the Michigan Democrat Rashida Tlaib with Congressmen Jesus García and Stephen...Read More
Injective Protocol announced the launch of their first synthetic commodity market on the Solistice Testnet. According to the announcement, users can now trade gold perpetual markets with up to 20x leverage. The price oracles utilized will enable real-time feeds which further allows traders to trade gold 24/7 on Injective. “We have chosen to begin with the introduction...Read More
China is leading the world in the development, implementation, and testing of its CBDC with the DCEP project, adding yet another city to the list of test runs. According to reports, Suzhou will give away 20 million Yuan worth $3 million in the new central bank digital currency. Similar to the pilot in Shenzhen, citizens...Read More
Bitcoin saw a dip from $19,500 to $18,500 in the past couple of days and was trading at $18,919 at the time of writing. Bitcoin Cash had a few days of calm sideways trading but could be headed lower in the coming hours. Ontology indicated a breakout was imminent, with the direction not yet confirmed....Read More
CEO of major cryptocurrency exchange Binance, Changpeng Zhao, or CZ, expects the exchange to make profits between $800 million and $1 billion this year. According to Zhao, Binance’s expected profits for this year are up from about $570 million – or almost double – of what it recorded last year. CZ revealed the figures to...Read More
