Calling central bank money “unique,” Christine Lagarde, President of European Central Bank, spoke about the future of money and pointed out the positive aspects of the digital euro. While she maintained that the digital euro would only complement physical cash, she did emphasize that issuing a digital euro might become necessary to “ensure monetary sovereignty” in...Read More
While Bitcoin and Ethereum registered gains in the near-term, the altcoin markets shared a bullish outlook. In fact, the Crypto Fear and Greed Index noted a figure of 88, at press time. Further down the crypto-ladder, while Monero faced some resistance in the vicinity of $125, Polkadot’s momentum swung in favor of the bulls and...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin SV is a long way from its all-time high. While most altcoins are out of the bear market, Bitcoin SV, for some inexplicable reason, still seems to be in it. At press time,...Read More
After a brief correction phase, Bitcoin rose past $18,000 once again, with the cryptocurrency trading at $18,501, at the time of writing. Bitcoin Cash could see a minor dip, but it can be expected to flip the level of resistance at $288 to support in the coming days. Further down the crypto-ladder, Synthetix recovered strongly...Read More
Litecoin pictured a bullish divergence on the charts and bounced strongly off a Fibonacci level of retracement. Cosmos also moved with notable trading volume past a level of resistance and seemed to be heading higher. Finally, Decred formed a double bottom a few days ago and rose to test a region of supply at $24....Read More
Bitcoin Dominance remained steady at 62.87%, at press time, but Ethereum instilled some courage in the altcoin market bulls after its hike that took it past $550. Tezos and Augur noted some short-term bullish momentum over the past few days, while Verge did not see either the buyer or the seller side seize the initiative...Read More
The altcoin market, at the time of writing, was on its way towards recovery. Ethereum flipped $550 to support and rose steadily on the charts, prompting alts to climb alongside it. EOS and Basic Attention Token had a bullish outlook in the short-term, having recouped nearly half the losses following the recent drop. Finally, VeChain...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 recorded a stark surge in its price, despite its drop of 30% following Bitcoin’s correction on the charts. Altcoins are the ones that suffer the most due to Bitcoin’s volatility and the same...Read More
The altcoin markets appeared ambivalent in the short-term, at press time, after registering a sharp drop followed by moderate recovery on the charts. XRP held steady over a level of support and its recent pullback was not enough to change the bullish outlook for XRP on the longer timeframe. Zcash sent some mixed signals while...Read More
In what is an interesting development, Chainlink has announced its support for the development of in-demand Ethereum infrastructure projects via its participation in Gitcoin Grants Round 8. Hopefully, this puts to bed the irrational discussions on $ETH vs $LINK in the future because it’s obvious, crypto needs both projects to support each other in order...Read More
Ethereum appeared to form a strong region of demand around the $500-zone, a bullish development for the crypto’s long-term outlook. In fact, ETH has been climbing steadily over the past few days, something that could be bullish for a part of the altcoin market. And yet, taken individually, some of these coins had a short-term...Read More
A potential SushiSwap exploit was discovered earlier today, with the same confirmed on Twitter by 0xMaki, General Manager at SushiSwap. According to 0xMaki, the culprit got around $10-15K so far from the 0.05% fees cut of SushiSwap, while also adding that LP funds are currently safe. In fact, reports from SUSHI’s Discord channel revealed that...Read More
Bitcoin’s dominance was holding steady at the time of writing, with the same noting a figure of 62.92%. While the altcoin market appeared to be recovering from the recent price shock, some of these cryptocurrencies could record further losses on the charts. Tron, for instance, formed a bearish flag while Ontology was in a short-term...Read More
NEM‘s strong performance over the past couple of weeks could see a setback after it formed a bearish reversal pattern on the charts, a development suggesting that it might lose a level of support at $0.169. Further, while Stellar Lumens was heading towards a level of support at $0.18, DigiByte was oscillating between two levels...Read More
Some of the market’s large-cap altcoins initiated a recovery on the charts after seeing their value slashed in a matter of hours, following Bitcoin’s own retracement. While Binance Coin’s recent gains were backed by bullish momentum, Waves did not register significant selling volume, even during the latest drop. Finally, Enjin showed that its market was...Read More
The market cap of all cryptocurrencies was valued at $513.7 billion, and Bitcoin commanded a 62.92% share of that valuation. Although Bitcoin Dominance has fallen in recent days, it has been in a steady uptrend since early mid-September. Ethereum boasted a $59 billion market share, a number that can be expected to rise in the...Read More
Polkadot saw strong gains registered in past weeks and was forced to retrace some of them on the recent move down. The outlook for both DOT and Dogecoin was bullish in the medium to long-term, but they had bearish momentum that could drive the prices lower in the coming hours. Dash could see a consolidation...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 been witnessing a wave-like movement. After the rally was stopped in the Bitcoin market, the altcoins also witnessed downtrends. Litecoin has also been witnessing continuous buying and selling among traders,...Read More
The Crypto Fear and Greed Index stood at 87 to show extreme greed in the market, even after Bitcoin’s recent drop of nearly 15% within a day’s time. Technical analysis showed that BTC had undergone a retracement to healthy levels of support and can be expected to rise in the coming weeks, but in the...Read More
Nearly every coin of relevance in the crypto sphere saw a drop in their price that coincided with Bitcoin’s correction from $19,400. Some altcoins were only correcting recent, strong gains, and can still be considered to be in a healthy uptrend on a longer timeframe. Cardano and Cosmos found strong support at important levels of...Read More
Bitcoin’s price came close to its all-time high and retracted once again. The price of the largest digital asset has also impacted the alts given their correlation, but with high volatility, the trends keep changing almost on a daily basis. At press time, BTC was witnessing a strong surge in its value, which also made...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice XRP’s value has moved up the price scale after months of restricted movement. The value of the third-largest digital asset reached $0.7852, after which the value began to decline. The world’s third-largest crypto,...Read More
Yearn Finance has been actively integrating with multiple DeFi protocols of late, and Cover Protocol is the latest addition to this chain of partnerships. Yearn Founder, Andre Cronje, announced the Yearn and Cover merger earlier today, stating that Cover will become the backstop coverage provider for the Yearn product suite, as well as for DeFi...Read More
The recently forked BCHA chain is currently under attack by an anonymous miner that is attempting to force whatever is left of the chain into non-existence. The anonymous miner, known as voluntarism.dev has changed the Coinbase rule so that all miners need to send 100% (instead of 8%) of the block rewards to the IFP...Read More
Bitcoin corrected from $19,200 to $16,400 and was trading at $16,900 at press time. This forced alts to shed value quickly as well. Bitcoin Cash dropped 25% from a local high and saw support at $267 flipped to resistance. Vechain and EOS were short-term bearish but they might be able to stay above key support...Read More
Privacy-focused blockchain Beam has announced that it will be integrating Chainlink’s price feeds to help its developers build DeFi Apps. The initial integration will focus on using Chainlink oracles to maintain collateralization of Beam’s confidential stablecoin protocol, while also supporting the Beam-ERC-20 bridge for moving assets between the Ethereum and BeamX blockchains. According to Beam,...Read More
Thanksgiving was an eventful day in terms of the overall market movement, as Bitcoin dropped to $16k levels, witnessing its largest single-day drop since March 12, 2020. Over $1.3 billion was liquidated from exchanges, however, amidst this selloff, DeFi saw its own share of liquidation as DAI prices on Coinbase Pro escalated rapidly, leading to...Read More
With a drop in Bitcoin’s price in the past 48-hours, most of the market’s altcoins have been facing strong corrections. At press time Bitcoin was being traded at $17,058, with a trading volume of $33 billion. Source: CoinStats For popular altcoins like XRP, Monero, Dogecoin this bearish pressure in BTC’s movement has resulted in major...Read More
For the most part of November, the crypto market was filled with strong bullish momentum as Bitcoin inched closer to its ATH, last seen in 2017. However, with BTC unable to sustain its position above the $19K price level and with its current drop on the charts, many of the market’s altcoins are now enduring...Read More
Big tech and stablecoins could disrupt the European financial system, says ECB Executive Board Member, Fabio Panetta. In a speech at the “Future of Payments in Europe” conference, Panetta stated, “While they could offer convenient and efficient payment solutions, they risk endangering competition, privacy, financial stability and even monetary sovereignty.” He also went on to...Read More
