With Bitcoin’s price rallying above $13,700, the Bitcoin market has captivated all institutional investors, more than it did in 2017. Institutional money is pouring into Bitcoin and it can be argued that the present stage of the price rally is like an institutional macro stage. Bitcoin’s spot and derivatives markets have differentiated themselves from other...Read More
Governor of central bank of China, Yi Gang, today revealed that in its CBDC pilot program, the digital yuan has been used in over four million transactions totaling to more than 2 billion yuan (about $299 million) to date. During the Hong Kong Fintech Week conference on 2 November, the Governor of People’s Bank of...Read More
Remember that altcoin, the one you thought was going to be big and make you tons of profit? The one whose bag you bought and perhaps, are holding to this day? Yes, this article is about those altcoins that you thought were gonna get big, perhaps even becoming the next Bitcoin. Alas, most of these...Read More
Tron’s charts saw the market’s bears dominate the proceedings over the past few days, while it also faced controversy over the launch of JustLink. DigiByte and Ontology noted a feeble bounce on the charts, a bounce that could reverse itself over the next few hours. Tron [TRX] Source: TRX/USDT on TradingView TRX closed under 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 Binance Coin and its price is a reflection of its evolution. BNB has evolved quite a lot over the last 4 years; from being an ERC20 token to having its own chain, consensus algorithm,...Read More
Ethereum rose from $380 to $399 on the charts and was knocking persistently on the doors of $400. Ethereum surging past $400 could revitalize the altcoin market, but Bitcoin’s movement will also have a significant say on the market. Further down the crypto-ladder, Stellar Lumens noted steady selling pressure, while Verge registered a bullish divergence...Read More
Bitcoin’s dominance rose as high as 64.17%, before dropping to 63.45%, at press time. Bitcoin, the world’s largest cryptocurrency, could be set to move sideways on the charts as it was consolidating its gains. In doing so, over the next month, BTC could breathe some life into bleeding altcoins. EOS dropped beneath a level of...Read More
Klaytn, a blockchain project backed by South Korean Internet giant, Kakao, has announced that Maker Foundation, the organization bootstrapping the Ethereum-based MakerDAO project, has joined the Governance Council of the Klaytn public blockchain. We are excited to announce that #MakerDAO which generates stablecoin, #Dai is joining the #Klaytn Governance Council. Please check out the blog...Read More
While a lot of adoption news has come in for the cryptocurrency market this year, 2020 has been notable for the rise of Decentralized Finance [DeFi]. In fact, by the third quarter of the year, many in the community were acutely focused on the growth of this space. However, while DeFi did grab most of...Read More
Bitcoin noted a brief spike past $14,000, before being rejected, with the cryptocurrency trading at $13,700, at press time. The crypto-space was ecstatic about BTC closing a monthly candle above $13k, but some traders also expected a pullback before another move upwards. Further down the crypto-ladder, Bitcoin Cash noted consistent buying volumes, but was unable...Read More
Litecoin, like Bitcoin, hasn’t registered a surge of note over the past week. In fact, the opposite has been the case, with Litecoin’s weekly price change observed to be negative 7.15%. Although not surprising, the same pattern can be seen for the top 15 altcoins [by market cap]. The highest drop can be seen in...Read More
There is no element of certainty in the crypto-market, whether it is a price trend or a position. The same was recently proven by Ethereum’s Vitalik Buterin after he appeared to change his opinion on Tezos. During a recent Twitter exchange, Buterin commented, “I hope Tezos does well. It has genuinely interesting and well-thought-out tech...Read More
The bullish sentiment around the crypto-space was unabated at press time as Bitcoin continued to trade above $13,700, its trading accompanied by strong expectations that institutional investors would continue to arrive. XRP broke beneath a bearish pattern and could test a level of support in the coming days. Cosmos registered some gains recently, but whether...Read More
Bitcoin’s dominance continued to rise at press time, with the same noting a figure of 63.97%. Monero, one of the market’s premier privacy coins, had been moving sideways over the past couple of weeks and could be set to continue to do so over the next week or two. VeChain was trading just above an...Read More
Chainlink was on a short-term downtrend on the charts, but could see a breakout towards $12, provided Bitcoin doesn’t register huge movements of its own. Basic Attention Token was on a strong downtrend too, while Dash noted considerable volatility over the past month, with some levels of importance highlighted on its price charts. Chainlink [LINK]...Read More
The Crypto Fear and Greed Index noted a figure of 72 at press time, with Bitcoin just under $14,000 on the charts. Further down the crypto-ladder, Tezos lost an important level of support, while NEM continued to fall. Zcash could also be set for significant losses over the next couple of weeks. Tezos [XTZ] Source:...Read More
Bitcoin surged to $13,950 at the time of writing. There was no overhead resistance for Bitcoin past $14k, till ATH near $20k. While this euphoric development, there is a possibility that BTC experiences a correction in the coming days. Source: CoinStats Ethereum Classic was trending lower in the short-term but still exhibited good interest from...Read More
On the last day of October Bitcoin was seen nearing its monthly high as it aimed towards the $13,700 mark. The same bullishness was also visible on the trading charts of Ethereum, Stellar Lumens, and Basic Attention Token (BAT), with the three digital assets recording appreciable single day gains. While the price recovery in Ethereum...Read More
After a hint of price stabilization along its key support levels on the price charts, all three alts – Litecoin, Zcash, and BitTorrent, at the time of writing, were once again starting to record noticeable gains. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin’s prices were noting a strong buying momentum as it rose above its...Read More
At the time of writing, Bitcoin Cash witnessed a rise in its selling pressure as the digital asset’s bearishness hinted towards a downward price action for the short-term period. Dogecoin too, was bearish on its trading chart and could break into a horizontal price movement once again as the day progresses. While the Tezos market...Read More
Crypto Fear and Greed Index showed greedy market sentiment with a value of 73 even as many altcoins posted losses. Bitcoin surged to $13,700 at the time of writing. EOS broke strongly southward while Aave also faced strong rejection at a level of resistance. Both assets could be poised for further losses in the coming...Read More
The overall bullishness in the crypto-market seemed to be picking up once again, with the rest of the digital assets mirroring Bitcoin’s recent gains over the last 24 hours. Chainlink and Monero, were up by 3% percent since yesterday, with Chainlink maintaining a bullish momentum at press time, while technical indicators for Monero remained neutral....Read More
Ethereum, the biggest of the altcoins, dropped beneath $400 and could signal further, marketwide losses while Bitcoin stayed well above $13,000. Cardano exhibited a bullish divergence, however, bearish momentum held sway and only a bounce can be expected before a move to the downside. Algorand was in a short-term rally that was likely to fade...Read More
Bitcoin defended $13,200 and was trading at $13,486 at the time of writing. The situation for altcoins was decidedly less bullish as most of the rest of the market saw losses and could have further downward to go. Bitcoin SV did not drop below $160 and could hint at recovery if it continued to hold...Read More
Bitcoin Dominance rose to 63.7% and Bitcoin was trading at $13,501 at press time. The altcoin market saw losses, with giants such as Ethereum also registering losses as it closed beneath $400. This could be explained by interest shifting from altcoins to Bitcoin, causing sell pressure on altcoins and buy pressure on BTC. Polkadot and...Read More
The three digital assets, Bitcoin Cash, IOTA, and Basic Attention Token continued to stay in the red zone for the day’s trading session. With over 6% in losses since yesterday, strong selling pressures could last longer in the Basic Attention Token and IOTA market. Bitcoin Cash on the other hand, also witnessing a sell-off, dipped...Read More
Bearish market trends seemed to be supporting a period of sell-off in the three alts, Cardano, Stellar Lumens, and VeChain. Moving averages favored a bearish trend for Cardano. Stellar Lumens too depicted a selling sentiment on its trading charts. Compound (COMP) displayed high levels of market volatility, which coincided with a period of a downtrend, hinting...Read More
Subject to approval of the Canadian Securities Exchange (CSE), INX Limited said today that it will apply for the listing of its digital security, the INX Token on the CSE, according to a release shared with AMBCrypto. If it is approved, CSE will be the first of many other exchanges that will join and list...Read More
Litecoin witnessed a drop in its buying volumes amid the market-wide sell-off, with the digital asset plunging below key support turned resistance levels. Tron experienced some strong selling pressure, in the midst of a highly volatile scenario. Finally, the technical indicators for Zcash too suggested a clear bearish outlook for its immediate short-term trading sessions....Read More
While Bitcoin SV must have felt good upon its recent re-test at $180, its quick decline to $163 would have made things a little complicated. As the market followed Bitcoin’s cue, a bearish trend was evident on every altcoins chart and BSV was no different. With a market cap of $3 billion, BSV was back...Read More
