Earlier today, TrustSwap disclosed that they are currently working on an acquisition of another crypto company. The announcement states that TrustSwap is set to buy out another crypto company and onboard all of their assets, team, IP, etc to grow TrustSwap into an ‘absolute monolith’. TrustSwap anticipates that they will have all the details and...Read More
Bitcoin SV is currently stuck in a strong resistance range. In the past articles, we had discussed this particular range between $150 and $165 and collective bullish market sentiment also did not assist in a positive breach. The spike over the past 24-hour indicated a minor re-test at $180, but it quickly dropped below $165...Read More
Bitcoin’s brief breach of $18,000 and its sustained consolidation above $17,000 has renewed the bullishness in the market, with many of the industry’s alts climbing on the charts on the back of BTC’s performance. The cases of Monero, Ontology, and DigiByte followed this template, with their price performances replicating the general optimism in the market....Read More
Bitfinex’s derivatives platform is in the news today after it announced the launch of its perpetual contracts for IOTA, Chainlink, and Uniswap. Each of these contracts will offer users maximum leverage of up to 100x, leverage that is typical of such contracts and they will be settled in Tether (USDt) tokens. Interestingly, according to a...Read More
Crypto Fear and Greed Index stood at 91 to denote extreme greed as Bitcoin, after a brief dip below $17,500, rose past $18,000 once more. Binance Coin broke out of a triangle pattern and showed signs of an uptrend. Monero was also strongly bullish, while Algorand traded within a range over the past two weeks....Read More
Decentralized oracle provider Chainlink seems to be having a ubiquitous influence on the cryptocurrency ecosystem lately. In fact, over the past few weeks, several developers have been integrating the network with their projects at a rapid pace. Base Protocol is the latest to do so after the project, having a new kind of synthetic crypto-asset...Read More
Bitcoin Dominance continued to rise and stood at 67.17% at press time. A rise past 67.5% could delay an altcoin market rally. At press time Bitcoin was being traded at $18,028 with a trading volume of $38.2 billion. Source: CoinStats Polkadot was unable to flip a level of resistance it ascended past. EOS saw some...Read More
Bitcoin approached its ATH after years in a bear market. The euphoric sentiment aside, no asset moves upward in a straight line and retracements are part of a healthy uptrend. However, an eventual Bitcoin pullback could hurt the altcoin market in its immediate aftermath. Litecoin approached an important level of resistance on the back of...Read More
IOHK, the technology company behind the Cardano blockchain, today announced the introduction of SMASH – a Stake pool Metadata Aggregation Server, as a new component of the Cardano ecosystem. Noting that node decentralization is a “key element,” a primary reason behind introducing Smash is to allow IOHK to try and minimize the influence of bad...Read More
There is a sense of bullish urgency in every top digital asset at the moment, and XRP is no different. After taking a back seat for much for the rally, XRP breached above $0.254 on 13th November, and over the past-24 hours, it tested $0.30. XRP is currently consolidating near the present high and collectively,...Read More
Bitcoin cash isn’t the only crypto feeling the brunt of bitcoin’s volatility. Bitcoin’s return has surged the highest since August, accompanying this high return is the volatility, which has also seen a stark surge. The above table shows bitcoin volatility which has affected all altcoins’ returns and price movement. The highest volatility is being seen...Read More
Ethereum saw a rapid move down from $492 to $470 and major altcoins saw a pullback as well. This could turn into a deeper correction if ETH continued to drop. Chainlink moved past $14 and could test resistance at $14.5 in the coming days. IOTA tried to climb upward but was met by selling pressure,...Read More
Bitcoin had nothing but thin air above it to reach ATH, while Ethereum was trading above $480 once more, with $500 a level it has not been above since mid-2018. Tezos saw strong interest from buyers in the past week, while Compound appeared to be recovering from the last two months’ heavy losses. Ethereum [ETH]...Read More
The maiden halving event will cut the Zcash inflation rate from 25% to 12.5%, which is significant because the privacy-focused altcoin has been hampered by high inflation since its inception in 2016. A series of halvings every four years beginning with today’s one in around six hours’ time which will decrease inflation substantially. Zcash block...Read More
A 21-year-old man from Dublin who took part in the online theft of over $2 million worth of cryptocurrencies has now been imprisoned for just under three years. United States Department of Homeland Security identified one Conor Freeman for being the person behind certain internet handles connected to the offenses. Local police said that Freeman was...Read More
Bitcoin touched a high of $17,081 at press time and large-cap altcoins performed remarkably well in recent days as well. Cardano and Monero broke strongly upward out of a downtrend, while Vechain pulled off the same feat. Cardano [ADA] Source: ADA/USDT on TradingView Cardano surged off the $0.1 support and broke past the descending channel’s...Read More
The central bank of the Netherlands, De Nederlandsche Bank (DNB), announced that it has imposed new Anti Money Laundering rules that now require customers of all local crypto exchanges to “prove” that they control their withdrawal addresses linked to their accounts. Crypto journalist, Aaron van Wirdum drew attention to the DNB’s latest regulations in his...Read More
Ethereum is currently consolidating above $460 over the past couple of days. On 15th November, the asset did re-test a low below $450 but now it looks lively again for a rally upwards. However, amidst such a bullish scenario, it continues to be difficult to ignore the bearish signs that were evident in the analysis....Read More
USDT has replaced XRP yet again, to rank third in market capitalization. Based on data from Skew, it has hit a new high of $18 Billion. On Coinmarketcap.com, Tether’s market capitalization is 0.13 Billion shy of 18 Billion. USDT Market Cap || Source: Skew So is Tether taking on the popular altcoin XRP or is...Read More
Bitcoin Dominance stood at 65.7% as Bitcoin made strong gains while many of the large-cap altcoins followed suit. At press time BTC was being traded at $16,918 with a trading volume of $18.2 billion. Source: CoinStats Polkadot exhibited a bearish divergence but that does not necessitate an immediate pullback. IOTA appeared to begin another leg...Read More
In the past 24 hours apart from making headlines, SushiSwap gained 9.25% based on data from DeFiPulse. The project that earned a reputation as the dead $UNI fork that got hacked by the founder 2 months ago is now working on a strong comeback. The Sushi team has been working in the background. The token’s...Read More
Bitcoin touched $16,800 in recent hours as sentiment in the crypto space continued to be ecstatic. Some metrics pointed toward a BTC pullback, but it would be anyone’s guess to pinpoint the exact local top for BTC. Some altcoins were strongly bullish in the short term. Binance Coin reversed a bearish pattern with an upside...Read More
After clocking in a new local top at $476, Ethereum’s price has been tepid over the past week. Clocking in a weekly change of 0.96% drop, Ethereum might be indicative of a correction period with Bitcoin but larger market sentiment remained poles apart with respect to the price. Source: Skew According to recent Skew data,...Read More
Bitcoin’s performance could positively influence Bitcoin Cash, which has posted a series of lower highs in the past week. EOS retraced most of its downward move from earlier this month, while Dash formed a bull flag and could be poised to test a level of resistance soon. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView Bitcoin...Read More
As Bitcoin hits newer levels and breaks past resistances, it is trading at $16300. Meanwhile, Bitcoin reserves have dropped consistently since October 2020. Down 5.6% since October 2020 and 17.19% since the beginning of 2020, reserves have been a top factor driving the consistent price rally in 2020. BTC Reserves on exchanges || Source: CryptoQuant...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s short-term market and its impact on the price The price of Litecoin has been marching higher every passing hour and reached a value of $74.18, at press time. The surge observed in the Bitcoin market was a driving factor for...Read More
Bitcoin decisively climbed past the $16,000 level as buyers overwhelmed the market in the wake of extremely positive sentiment toward the biggest crypto. Chainlink was unable to perform similarly in the past few days, as its price oscillated about the $12.6 level. Synthetix and Stellar Lumens registered gains in the past few trading sessions and...Read More
Economist Nouriel Roubini has criticized the booming decentralized finance (DeFi) economy by labelling the entire sector as“the new crypto fad” and “junk vaporware.” The American economist took to Twitter on 16 November to root for “great cheap” fintech solutions that he believed will not depend on hyped blockchain technology. He said in a tweet: 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 For Bitcoin SV, the larger bullish trend in the market did not matter at all. Over the past week, its valuation dropped on the back of BTC’s corrections, with the crypto-asset failing to recoup...Read More
Major Cryptocurrency exchange Binance announced that it would now discontinue its own BGBP stablecoin, which was linked to the pound sterling. Other than removing the BGBP/USDC pair, the exchange said on Monday that it would remove several trading pairs, including AE/ETH, BLZ/BUSD, KMD/BUSD and NULS/ETH. In its announcement, Binance said that BGBP/USDC is the last trading...Read More
