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
Major crypto exchange, Binance, announced that they will be adding DAI and removing EOS from their Peer to Peer (P2P) trading platform. In the announcement, Binance stated that all EOS advertisements should be removed by 4:00 AM on November 27 and all EOS tokens should be transferred from the P2P wallet to the spot wallet....Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice As the value of Bitcoin faces hurdles in the market, many altcoins have also been falling on the charts. Bitcoin SV has been noting a strong devaluation and at press time, after a...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Following the lead of Bitcoin, the world’s largest cryptocurrency, most altcoins have also noted price breakdowns on their charts. Polkadot, one of the industry’s major altcoins, also saw its value crumble under the...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Tezos‘s price seemed tense after suffering a brutal drop of 26% in 12 hours. The aforementioned drop was a result of Bitcoin’s 12% drop over the same timeframe. While the correlation of altcoins with...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Binance Coin, like many altcoins, has suffered first-hand, yet again, at the hands of Bitcoin’s volatility. Due to a drop of ~$2,200 on Bitcoin’s price charts starting 12:00 UTC, 25 November, altcoins have been...Read More
Bitcoin Dominance hit 62% after a bounce from 61.5% over the past 36 hours. While it is not a perfect metric, altcoins need this number to continue to drop to enjoy further gains. Compound showed a bearish divergence between buying volume and price, while Monero still had bullish momentum on its side. Binance Coin bulls...Read More
The past twelve hours saw the altcoins mirror Bitcoin’s movement. The momentum was bullish for Litecoin and IOTA, but the trading volume would need to pick up to affirm their price movement in either direction in the short-term. Ethereum Classic was likely to flip another level of resistance to support and could post more gains...Read More
A cryptocurrency mining farm has caused a fire to break out in an apartment in St. Petersburg in Russia, which injured a 35-year-old owner of the rig. The press services of the Ministry of Emergencies told local media that the cause of the fire was because the owner did not install a cooling system for...Read More
The bullish sentiment has not yet abated in the altcoin markets as many coins saw a dip in price. The sellers were not yet out in force and XRP and Dash still had the legs for another move upward. XRP Source: XRP/USD on TradingView XRP rose to $0.78 before facing selling pressure (although Coinbase saw...Read More
The entire asset class is tied together. Whenever Bitcoin rises there is a certain inevitability of other altcoins rising along with it. It happened in 2017 and now it is happening in 2020. Over the past 8 weeks, Bitcoin has been on a climb, accelerating through multiple resistance, while other assets like Ethereum have followed...Read More
US Director of National Intelligence John Ratcliffe wrote a letter to US SEC Chairman Jay Clayton earlier this month about concerns pertaining to the Chinese influence over cryptocurrencies. According to a report from the Washington Examiner Ratcliffe even offered to have the senior economic intelligence officials brief Clayton on the matter. For now, the SEC...Read More
The Crypto Fear and Greed Index rose to 94 as Bitcoin and altcoins posted further gains over the past eight hours. At press time Bitcoin was being traded at 19,237 with a trading volume of $28.1 billion. Source: CoinStats Polkadot could be headed for a move down after a breakout past $5 recently. EOS and...Read More
Chainlink’s recent surge price may be due to its correlation [90-day] with bitcoin, which stands at 0.6, however, there is more to it. The smaller bits that may have caused this price surge could be its fundamentals which are getting stronger. Chainlink’s oracles are gaining popularity as they were recently integrated by Matic and Base...Read More
The cryptocurrency market cap stood at $566 billion as Bitcoin and Ethereum saw demand and prices increase. Many large-cap altcoins also performed extremely positively in the past week. Cosmos and Zcash experienced a pullback and were ready to rise toward its resistance once more. Ethereum could lead the altcoin market once more with its remarkable...Read More
Bitcoin touched $19,000 and its surge coincided with a session of losses for many top 50 cryptocurrencies, reinforcing the notion that capital chases a Bitcoin surge and flows out of the altcoin market. Source: CoinStats Polkadot and Dogecoin saw a sizable pullback on the most recent trading session, although their uptrend was unbroken. Monero saw...Read More
Sometimes large-cap altcoins move on the charts like they are in sync, and that has been what was happening over the past few days. Ethereum surged from $500 to $600 and so did the majority of the altcoin market. Cardano and VeChain were in a pretty similar scenario. Both coins saw registered gains of nearly...Read More
