Out of Ethereum, Tezos, and Maker, only the king of altcoins has positive performance in the last month. ETH has seen a surge of 14.34% while XTZ and MKR are -15.76% and 8.49%. Let’s take a look at these coins individually and if they are bullish or bearish. Ethereum [ETH] Source: ETHUSD TradingView Ethereum 2.0...Read More
En + Group has entered the crypto mining space in a joint venture with bitcoin miner hosting provider BitRiver. Reportedly, the joint venture known as Bit + already saw its first phase of a bitcoin mining facility set up and running with over 10 megawatt-hours of capacity provided by En + The two partners plan...Read More
Percent Finance, a community-owned fork of Compound Finance, announced today that some of their money markets experienced an issue that could lead to permanent locking of users’ funds. Reportedly, close to $1 million worth of user funds on the platform are stuck in money market smart contracts. Source: Percent Finance on Medium The amount locked...Read More
Major blockchain engineering company IOHK announced that it will sponsor the newly-created Haskell Foundation, which is dedicated to broadening adoption of the Haskell programming language. IOHK said it would donate $125,000 to the foundation which was launched at the Haskell eXchange virtual conference on 4 November. With this move, IOHK will be Haskell Foundation’s largest...Read More
The Crypto Fear and Greed Index actually showed a rise from 71 to 74 on the previous day as the US Presidential Election continued to progress with a winner not yet officially announced. Markets hate uncertainty, yet the bullish sentiment appeared stronger. On the charts, Chainlink continued to trend lower as it nestled above a...Read More
Bitcoin Dominance was at 64.75, after briefly spiking as high as 64.95 the previous day. The altcoin market saw crypto-assets slide downward more. Bitcoin Cash continued to post losses as it headed down toward a level of support, and bears were in control of the BCH markets. IOTA and Dogecoin were trading above a level...Read More
Chinese financial services corporation, China UnionPay, which is similar to major card providers like Visa and Mastercard, has announced a partnership with South Korean payment provider Danal to launch a cryptocurrency-supporting digital card. Danal will offer its Paycoin cryptocurrency as an option on the new prepaid mobile card which will be accessible via Danal’s cryptocurrency wallet....Read More
While volatility is prevalent for all altcoins at the moment, Cardano is currently dealing with the bearish side of the market, re-testing its monthly support of $0.089 in the charts. While the valuation managed to pull itself back up at press time, the level of uncertainty continues to rise as we are looking forward to...Read More
While Bitcoin is currently rallying towards a position above $14,000, the rest of the altcoins are struggling to find their bullish groove. Source: CoinStats With most altcoin depreciating over the past 24-hours, the market structure for Crypto.com Coin, Tezos, and Algorand was no different. Facing strong resistance right above their price range, the short-term analysis...Read More
Bitcoin reached as high as $14,049 in the past 24 hours and was trading at $13,807 at press time. Bitcoin’s hold above $13,700 could inspire confidence and perhaps even FOMO among investors in the coming days, especially if the coin moves past $14,000 with strength. This bullish sentiment did not extend to most other large-cap...Read More
Ethereum avoided a drop beneath $370 over the past week, and its charts highlighted two critical, imminent zones of support and resistance that could decide the direction of the market in the coming weeks. Filecoin was in a phase of consolidation just above support, while Ontology continued its downtrend. Ethereum [ETH] Source: ETH/USD on TradingView...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on the price. The votes are being counted and with every wick forming in the stock market, a future is being forecasted. For now, the crypto market has been experiencing a minimal drop,...Read More
Bitcoin closed a trading session above $14,000 but was unable to hold on to the level. However, this was still quite a recovery from yesterday’s dip as low as $13,200. XRP and EOS faced strong bearish momentum and could drop to a level of support, while Basic Attention Token appeared likely to lack momentum toward...Read More
The bears seemed to have had a significant impact on the prices of altcoins today. Barring Bitcoin, most of the entire crypto market was once again painted in red. Bitcoin at press time was being traded at $13,491 with a 24-hour trading volume of $298 billion. Source: CoinStats Both Bitcoin SV (BSV) and FTX Token...Read More
Binance Coin saw rapid losses in the past few days, undoing most of last month’s gains. There is a likelihood it would post further losses in the coming days. Monero was trending lower in the short-term, yet an important level of support was not yet subject to intense scrutiny by the bears. Dash was trading...Read More
Both Polkadot and Tezos exhibited a bullish divergence after their recent moves beneath important levels of support. It remained to be seen whether this divergence would cause a bounce or manage to effect a reversal in trend over the next few days. Zcash also rapidly lost levels of support in the past few days. Polkadot...Read More
Cardano continued to record losses as it fell below crucial support levels. While Filecoin remained neutral after it recorded low volatility on its charts. Further, Ethereum Classic too was seen entering a bearish setup, with its technical indicators also depicting strong sell sentiment on the trading charts. Cardano [ADA] Source: ADA/USD on TradingView At the...Read More
David Roche, the President and global strategist at Independent Strategy, a research group that advises governments, and influential financial institutions believes that the Chinese yuan has “a long way” in being able to achieve the US dollar’s status as a reserve currency. The financial executive believed that even if China’s central bank digital currency, the...Read More
Andre Cronje has gained a lot of attention for his work with yearn.finance [YFI], but with the Eminence fiasco, the stock value took a hit. However, the newly launched KP3R token has once again caused much excitement and could be a refreshing take on existing DeFi tokens. Keeping up with its expanding DeFi list, Binance...Read More
The Bitcoin market has been leading the altcoins trend for the longest time, but currently, some alts have been at a deciding junction. Litecoin [LTC] was one such alts at an indecisive position. The current price of LTC was at $52.67 and it can be an interesting point for both short-position and long-position. Litecoin 1-hour...Read More
With some minor price adjustments to the downside seen in Bitcoin over the last 48 hours, the alt market was once again painted in red. However, the technical indicators for Bitcoin while showing little price recovery progress, maintained mixed signals on volatility and price action. While the short-term trend for Tron and Compound continued to remain...Read More
Ethereum is currently undergoing a massive short-term collapse as the price dropped down to $378 from $400 within 36 hours. While there might be more correction following up on this bearish trend, a quick turnaround from $370 is a likely scenario as well. Ethereum 4-hour chart Source: ETH/USD on Trading View The 4-hour chart is...Read More
Crypto Fear and Greed Index stayed unchanged from the previous day at 71. The weekly and the monthly candle closed at $13,800 which is a high timeframe resistance level, and the last major level before ATH. Chainlink attempted a break to the upside but was strongly rejected. IOTA and DigiByte continued to trend lower in...Read More
While Bitcoin witnessed a minor pullback on the 24-hour window, altcoins collectively witnessed strong corrections. XRP was set back by almost 4%, consolidating right above its immediate resistance. With the market exhibiting extreme turbulence, for XRP’s long-term, the price might find it difficult to rise up in the charts, but not impossible. XRP 12-hour chart...Read More
Bitcoin failed to hold on to $13,700 over the past few hours and slid to $13,400. A deeper correction could be in play as analysts expect a move to $12.7-$12.9k. Altcoin markets took a hit on Bitcoin’s move downward. Bitcoin Cash slipped beneath a level of support. EOS and Dogecoin also plunged and their markets...Read More
As the world’s premier crypto asset starts its retreat from its highest price for over two years, the blood is spilling from the altcoins, especially those associated with DeFi. Bitcoin has dropped over 5% since its weekend high above $14k, but that is nothing compared to losses registered elsewhere. Crypto markets are a sea of...Read More
Amid rumours of Huobi’s exec arrest and speculations arising from large USDT deposits and BTC withdrawals, the Singapore-based crypto company said in a statement today that it was “operating normally”. The firm reassured users in an official post that: We have noticed that recent events have sparked inquiries and speculation from some users. Huobi reiterated:...Read More
Axion Network’s AXN token’s price has crashed by 100% just hours after AXN token went live today on 2 November, and, according to its Telegram channel, Axion Network’s COO claimed this price crash was due to a minting exploit in the contract with regards to staking: Image Source: Telegram The message from Axion Network team...Read More
Bullish sentiment receded marginally as the Crypto Fear and Greed Index noted a figure of 71 at press time, compared to 72 and 75 over the past couple of days. As far as the market’s cryptocurrencies are concerned, Tezos retested an important level as resistance and was expected to head south once again, while IOTA...Read More
Bitcoin SV, at the time of writing, was facing a major dilemma within the price range of $165-$180. With BSV’s price oscillating between $160 and $180, the crypto-asset was not found to have taken advantage of Bitcoin’s northbound rally. However, while Bitcoin may be on a high right now, many expect the king coin to...Read More
