Bitcoin Dominance was dropping, and stood at 59.63, down from 60.14. In the same period of time, Bitcoin rose from $11,354 to $11,491. This combination of falling dominance and rising Bitcoin can herald a green season for altcoins. Cardano looked bullish, although a minor correction of a few percentage points might be seen in the...Read More
The Bitcoin market has recorded impressive gains in the last few days. This further influenced the valuation of its fork coin Bitcoin Cash. The technical indicators for Tezos were fairly bullish on the charts as well. Basic Attention Token (BAT), was displaying weakness in its buying momentum while BAT noted the possibility of an uptrend, post...Read More
The digital asset industry has somewhat re-ignited its bullish momentum over the past week as Bitcoin emerged above $11,000 price level yet again. Ethereum kept pace with the king coin and currently, both the assets are enjoying over 6 percent growth over the past week. Yesterday the market opened on another high as Ethereum Grayscale...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Litecoin short-term market and its impact on price. Litecoin witnessed a boost in its value as the price of Bitcoin [BTC] rose on the charts. However, it has not managed to overcome its losses from earlier in September. Despite the low range movement,...Read More
While Bitcoin and Ethereum have moved their respective prices up the ladder over the past week, XRP was still struggling to start their engines. Marking only a 3.11% growth over the past week, when Bitcoin and Ethereum clocked over 6%, meant XRP wasn’t really in the bullish rally yet. However, signs were there for an...Read More
After European Central Bank announced that the central bank wanted to “hear the views of the public and interested stakeholders,” with regard to the Digital Euro, ECB launched a “public consultation” survey on its central bank digital currency. As mentioned earlier, the bank hoped that this “consultation” would help them understand whether European people at...Read More
Bitcoin touched $11,726 hours after the Governor of the Bank of England stated that it was hard to see Bitcoin have “intrinsic value”, although he conceded it might have extrinsic value. Source: CoinStats The bullishness of Bitcoin as it set higher lows in recent days could propel the altcoin market upward. Polkadot lacked the momentum...Read More
Although there was some trouble at the beginning of October, Chainlink [LINK] managed to pick up the pace and witness a 14.87% growth till now. The digital asset given its low correlation with Bitcoin [BTC] was noting strong growth throughout the year, posing as an altcoin-alternative to make a profit and hedge the losses occurring...Read More
Privacy coins like Monero, Dash, ZCash have all noted an interesting surge over the last 24 hours. A surge, that for all intents and purposes, can be traced to the Department of Justice’s latest memo. The memo in question spoke about adding a backdoor to everything digital so that government authorities/law enforcement agencies with appropriate...Read More
Tron could be set to continue its downtrend on its charts, despite the fact that the sentiment around many altcoins appeared to shift to the bullish side. The Crypto Fear and Greed Index noted a neutral reading of 52 at press time, compared to the previous day’s ‘greedy’ value of 55. Further, while Algorand looked...Read More
When Bitcoin’s price action gets hotter, altcoins start rallying towards double-digit growth on their charts. That’s not exactly a guess either, as this insight can be gained from previous altcoin rallies. Now, consider the opposite for a second. What if the narrative was flipped on its head and this time, the altcoins pumped well before...Read More
Chainlink‘s bulls have been successful in pushing the crypto-asset past the important level at $10.5, and more gains could be in store for LINK. Further down the crypto-ladder, Augur was another coin backed by strong buyer interest while FTT Token broke to the upside of the longer-term trendline resistance. Chainlink [LINK] Source: LINK/USD on TradingView...Read More
The deputy governor of the People’s Bank of China (PBOC), Chen Yulu, called for speeding up the process of launching China’s digital currency, the e-yuan, and to make CBDC part of an “independent” financial infrastructure in the digital era, according to a report in the South China Morning Post. In an article published in the...Read More
Elliptic, the crypto-asset risk management and blockchain analytics platform, announced today that the Singapore dollar-backed stablecoin, XSGD, has been added to its crypto-risk monitoring solutions to assure compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations. This announcement comes following the public release of StraitsX – the first Travel Rule-compliant stablecoin,...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin SV, like many altcoins in the market, was undergoing a consolidation on the charts after a recent surge of 10-12%. Unlike many, BSV‘s charts pointed to a bullish consolidation pattern over a long-term...Read More
CEO of IOHK Charles Hoskinson, in a recently concluded surprise AMA, addressed viewers and provided the community with important updates on the much-anticipated Goguen Roadmap which will reportedly be released on 29 October. According to Hoskinson, Goguen will be released in a series of updates and hard fork events, each of which will add another...Read More
Bitcoin’s latest pump towards $11,500 changed the outlook of many altcoins from bearish to neutral or bullish. While Cardano bounced strongly off a level of support and formed a continuation pattern on the charts, Compound moved above its long-term descending trendline, although a rise in price was yet to take place with momentum. Waves, on...Read More
Bitfinex Derivatives today announced the launch of perpetual contracts for EOS, Litecoin, and Polkadot. According to a press release received by AMBCrypto, trading went live on Bitfinex on 12 October at 9:00 AM UTC. Under this offering, each contract will be promising users up to 100x leverage and will be settled in Tether (USDt). The...Read More
Bitcoin could be the investment of the decade. However, it still has significant hurdles to cross. A sustained breach of the $12,000-mark could usher in huge gains, pushing Bitcoin to new heights and altcoins with it. As far as some of the latter are concerned, in the near term, Stellar Lumens and Enjin were ready...Read More
When volatility is low and the market sentiment is neutral, copy trading may be the best bet for retail traders. Social trading platforms have been around for a while, however, they are even more relevant now. Consider this – Finance Illustrated recently released a list of the top traders on the social trading platform, eToro....Read More
The Crypto Fear and Greed Index stood at 55 on a day when Bitcoin bulls were attempting to push its price past $11,400. XRP showed signs of bullishness on the chart too, and interest from buyers in the crypto-asset could rise over the coming days as it also appeared to be on the verge of...Read More
Cardano noted a surge of over 12% in the last 48 hours, with ADA’s price chart picturing $0.0089 as its temporary bottom. At press time, however, the market was still deciding if this pump was an impulse wave or a fake pump. Should it turn out to be the latter, then we can expect the...Read More
Bitcoin Cash rose to test its resistance at $245, with the crypto expecting to note a minor pullback before another rise above its resistance. Synthetix Network Token was quite volatile in the short-term, but was likely to lose a strong level of support in the coming days. OKB was in a phase of consolidation and...Read More
Bitcoin registered a strong surge in price over the last few days, with the world’s largest crypto finally surpassing its $11k resistance to be valued at $11,363, at press time. However, the altcoin market too has been noting strong growth on the charts. Source: Coinstats Chainlink has been one of these alts, with LINK climbing...Read More
The altcoin market, in general, appeared to follow the movement of Bitcoin, with the latter trading at $11,348, at press time. Polkadot formed a bullish pattern and could break out to test the next level of resistance. EOS was in a short-term uptrend, but it was unclear if buyers’ interest would facilitate the coin’s recovery....Read More
In an official announcement earlier today, popular exchange KuCoin revealed that it will be launching USDT-Margined Polkadot (DOT) and EOS (EOS) Perpetual Futures at 16:00:00 on 12 October 2020 (UTC+8), supporting 1-50x leverage. Polkadot, an open-source project founded by the Web3 Foundation, is a sharded protocol that enables blockchain networks to operate together. After its...Read More
Monero and Maker could be set for a minor pullback on the charts, before resuming their previous uptrend. Cosmos might break to the upside and post healthy gains, although a few more trading sessions would make Cosmos’ scenario clearer. Monero [XMR] source: XMR/USD on TradingView XMR was forming higher highs, while the momentum indicator (RSI)...Read More
Bitcoin was trading at $11,333, at the time of writing, While BTC’s short-term movement has been sideways somewhat, its long-term returns have outclassed returns from traditional assets such as the S&P 500 and even the U.S Dollar. Over a shorter timeframe, Bitcoin’s move above $11,200 had a bullish outlook to it, and it is likely...Read More
Bitcoin surged to $11,498, before it dropped to a local low of $11,235, all within just a few hours. In fact, Bitcoin’s move up saw other crypto-assets in the space climb too, while its brief drop contributed to other assets following its footsteps. Bitcoin SV and Decred have been posting strong gains on their charts recently,...Read More
Popular crypto-exchange Binance shot to prominence within no time, with the exchange today enjoying its status as one of the market’s most trusted exchanges, despite the fact that it is centralized. In fact, Binance has been avidly looking out for demand in the market, following which, it has over the past few months launched an...Read More
