The larger market sentiment has shifted strongly in the favor of the bulls over the past few days. In fact, Bitcoin refused to drop below $17,800, despite corrections setting in. In the time that it traded sideways, the altcoin markets have seen capital flow into them. Stellar Lumens and FTX Token posted remarkable gains over...Read More
While Bitcoin Cash‘s contested fork last week depressed the price to $238, it has seen good recovery since. Interestingly, this was also aided by a strong surge across the altcoin market as Ethereum also visited its $550-resistance level. Subsequently, Bitcoin fell from $18,700 to near-$18,000 and many of the market’s alts also saw selling pressure...Read More
With Bitcoin and most of the market’s altcoins rallying in the backdrop, the Stablecoin Ratio seems to be highlighting the rise of sell-side pressure. At the time of writing, Bitcoin was trading at $18,649, with the asset successfully staying above $18,000 for over 24 hours now. In fact, the reserves on spot exchanges are dropping...Read More
Tron and Dogecoin seemed to be registering very similar price actions, at the time of writing. However, it remained to be seen if they would continue to make gains after a pullback. While Cosmos noted a bearish divergence on the charts, its price continued to rise even as buyer interest waned. This, eventually, contributed to...Read More
It may be a tad too early, but ‘tis the season of fun, joy, and a Bitcoin price rally. With Bitcoin holding firm above the $18,000-mark, each passing hour is only going to clarify the difference between stacking sats and trading. In fact, institutions like Grayscale, with an AUM of over $10B, are still stacking...Read More
Many of the market’s altcoins have enjoyed significant gains over the past few days, with some coins even posting double-digit percentage gains over a 24-hour period. At the time of writing, however, many of these alts were noting a pullback. Bitcoin SV appeared to break out of the price range it had been trading within...Read More
The crypto-market’s total capitalization was recorded to be $528 billion, at the time of writing, with the larger market sentiment remaining strongly bullish after the previous day’s sizable gains. Further down the crypto-ladder, Chainlink touched $15 and it could see a minor pullback on the charts while the strong performance of Aave and Decred over...Read More
Bitcoin Dominance, at the time of writing, had dropped a little over the last 24 hours, with the same observed to be at 65.05%. As far as the market’s alts were concerned, while Monero exhibited a bearish divergence, NEM was trading under a strong level of resistance after recovering with strength over the past few...Read More
Yearn Finance’s governance token YFI took a massive fall on the charts as the DeFi hype died down in early September, falling from close to $40K to below $8K. However, things were quick to turn around for YFI in November, with the token able to register massive gains since, enabling it to rise by over...Read More
Bitcoin’s Dominance had fallen to 66.36% at press time, having reached a high of 67.6% a few days ago. Thanks to BTC’s recent performances, it could be a Bitcoin-dictated show for many more days, before attention and capital can be diverted to the altcoin market. Further down the crypto-ladder, Tezos registered a bearish divergence and...Read More
The Crypto Fear and Greed Index noted a value of 91, at press time, having climbed to a value of 94 just two days ago. Buy the fear, sell the greed is a trader’s mantra, but FOMO can be overwhelming if BTC does climb over $20k. Further down the crypto-ladder, Polkadot and EOS approached a...Read More
Many of the market’s large-cap altcoins followed Ethereum’s lead as they posted gains on their own price charts. In fact, ETH’s breach of $500 could catalyze a quick surge for the alts strongly correlated with the world’s largest altcoin. Augur, on the contrary, was trading underneath an important level of resistance, one it has tried...Read More
Cardano Founder and IOHK’s Charles Hoskinson recently shared a few brief updates with the community, a few days after IOHK introduced the ‘Smash’ metadata server for the Cardano ecosystem. While the said development was received well by most in the community, Hoskinson implied that there are some good announcements he is saving for the end...Read More
Bitcoin’s market cap was continuing to hit new ATHs, with the same climbing to $344 billion, at the time of writing. In fact, the same had even surpassed the previous ATH of $328 billion achieved back in late-2017. Some of the market’s altcoins saw surges corresponding to the positive sentiment in the market. For instance,...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price Litecoin’s market has been peaking lately, like most of the altcoin market. In fact, the price of the digital asset rose close to the resistance at $85.10, with the same also re-visiting...Read More
Bitcoin showed no signs of stopping its northbound run as it skirted the $19,000-mark over the last few hours. Further down the crypto-ladder, Binance Coin could be set to trade within a range over the next few days while DigiByte formed a rectangle pattern on the charts. Finally, Waves neared its two-year high on the...Read More
The altcoin market was stuck in a consolidation phase, however, at the time of writing the market has shown an increase in volatility. With Ethereum’s price shooting above $500, most altcoins mirrored its momentum and was trying to move higher on the price ladder. Chainlink had become the fifth-largest cryptocurrency, according to CoinMarketCap, and was...Read More
While many altcoins saw their price appreciate dramatically in the past week, the surge has not been uniform across the market’s altcoins. Popular altcoins like XRP, Cosmos, and VeChain saw short-term spikes in their trading price, but have been confined to mostly sideways movement in the past few days. XRP Source: XRP/USD, TradingView XRP price...Read More
Bitcoin’s price crossed the critical $18000 level recently and the weekly gain now stands at 11.44%. However, Bitcoin’s dominance is still at 66%. Since the price crossed $17000 without further resistance, the top 10 altcoins based on market capitalization have rallied. The weekly returns show gains in 9/10. Litecoin is leading the rally with 30%...Read More
The past week saw Bitcoin scale new heights with the coin going past its $18K resistance in a bid to recreate the historic 2017 rally. At press time Bitcoin was being traded at $18,242 with a trading volume of $23.1 billion. Source: CoinStats On the back of the Bitcoin bull run, many altcoins have noted...Read More
“You are only as good as your last race”, the famous line is also quite applicable to the crypto-verse. After its stunning rise during mid-year, DeFi tokens have somewhat lost their shine due to a series of misfortunes over the past few weeks. Certain projects underwent massive depreciation and others exhibited rug-pulls, to the joy...Read More
Earlier this month, SNX witnessed its largest drop and lowest TVL to date at $420 million as the DeFi crash led to several SNX stakers being liquidated. Source: DeFi Pulse However, since then, the TVL has risen to $800 million at the time of writing, and the price of the SNX token has risen by...Read More
Tezos, IOTA, and BAT have all shown negative returns from October to date; Tezos [XTZ] has the least negative return in comparison with a -7.99% return as of this writing. Following Tezos is IOTA with a -11% return and BAT has a -18% return for the same time period. The altcoins have been brutally beaten...Read More
The impact of the world’s largest cryptocurrency’s price movement was evident this week after many of the crypto-market’s alts followed BTC’s lead to record gains of their own on their charts. Interestingly, while Bitcoin was continuing to consolidate after failing to sustain a breach of the much-anticipated $18K-mark, most alts were already starting to see...Read More
Polkadot has competitors that claim the same thing as DOT – throughput that achieves scalability, lower fees, security, and the ability to build a defi ecosystem on its chain. However, only a few actually deliver these things and are yet to gain adoption. The adoption isn’t here yet due to the fact that Ethereum is...Read More
The root cause of IOTA’S mainnet incident that took place last week was identified to be related to the infrastructure and deployed software which was unable to process all the transactions into the network. In a Github report published by Jakub Cech, the Director of Engineering at the IOTA foundation, the incident was addressed as...Read More
For all the talk about an incoming altseason, Bitcoin’s movement is the one that catches the imagination of most in the crypto-market. Owing to its market share and the high correlation stats it shares with most altcoins, BTC’s hikes and falls usually determine the direction of the general market movement. The same was evident when...Read More
Bitcoin’s price performance over the past week seemed to have a uniform effect across most of the crypto-market after altcoins like EOS, Zcash, and Tron rallied across the board. At press time BTC was being traded at $17,675 with a trading volume of $26.7 billion. Source: CoinStats While corrections had already started setting in at...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Carano’s short-term market and its impact on the price The price of Bitcoin has been re-visiting old highs and has also ended up carrying many altcoins with it. Cardano [ADA] has been one of the major alts that has been moving...Read More
Chainlink has successfully been deployed on the Matic Network, as confirmed by an announcement today. Matic is now the second blockchain after Ethereum to integrate Chainlink Price Feed Oracles. Five price feeds have already been launched on the mainnet: MATIC/USD, USDC/USD, ETH/USD, USDT/USD, and DAI/USD. As it stands, more price feeds are expected to follow soon...Read More
