With the cryptocurrency recently recording its high for 2020, Monero could be at the beginning of a long-awaited bull market. NANO too was registering strong buying momentum, with the digital asset’s charts noting a bullish rectangle pattern. Finally, Ethereum Classic also continued to record appreciable gains on its charts, rising significantly above a crucial support...Read More
The recent rise of Litecoin appeared not to have the backing of buyers, with LTC expected to head lower on the charts once more. This was interesting since it came amidst reports that institutional investors could be turning to Bitcoin as a hedge against inflation, with the world’s biggest cryptocurrency moving past $11,200 recently following...Read More
With both Bitcoin and Ethereum noting some much-needed market momentum, altcoins seemed to be on the rise again over the weekend. Synthetix and VeChain were few of them, with the alts on the brink of kicking off another rally, with strong bullishness visible on their charts. EOS, however, fell to the overbought zone and hit...Read More
The altcoin market relies heavily on the price action of the world’s largest cryptocurrency, Bitcoin, and such has been the case over the past few days. Since the start of August, XRP has been confined to a descending channel formation. However, the recent surge in Bitcoin’s price, one that enabled it to break the $11k-price...Read More
Tezos, QTUM, and Polkadot, all registered a brief price correction on the charts over the course of the day’s trading session. Despite such corrections, however, the overall gains were up by almost 2% since yesterday for each of these digital assets. While Tezos and Polkadot were noting some bullish weakness, QTUM signaled a dip in...Read More
IOTA Co-founder Serguei Popov yesterday released the latest update on IOTA’s recent developments, describing October as a busy month for the team. These developments included the Pollen Testnet Implementation, a development that saw the mana spec implementation come to life with improved base mana functionality like mana calculations and metrics collection, as well as the...Read More
At press time, Ethereum had rocketed from $350 to $374 within 24 hours, in a move that boded well for the rest of the altcoin market. In fact, the general bearish sentiment around altcoins appeared to have swung to welcome a more bullish outlook. Stellar Lumens and NEM showed strong signs of bullishness, while DigiByte...Read More
United States Securities Exchange Commissioner (SEC) Hester Peirce said at a recent summit that the DeFi economy had “real potential” for “revolutionary change” but that it would also challenge the current regulatory structure in several ways. Further detailing about the DeFi economy in the LA Blockchain Summit, Peirce stated that the many “governance tokens” emerging...Read More
A breakout above a crucial resistance level, maybe is witnessed for Ontology soon. A rising valley formation was hinting towards a price rise in the short-term. While for Polkadot the price action during the course of the day has been bullish. For Cosmos, the overall picture remained bearish with an eventual slide to its immediate support...Read More
At the time of writing, Bitcoin, the world’s most dominant cryptocurrency, was consolidating on the charts, with BTC attempting to cross the much-anticipated $11,000-mark again. This will be Bitcoin’s latest attempt after the crypto failed to breach the level last time. At the time, not only did BTC drop on the charts, but so did...Read More
Daily charts showed bearish momentum in the market, with some digital assets settling just above key support levels. DASH and Stellar Lumens, ahead of a major downward move, were seen trading at their supports. While Litecoin, still waiting to claim its immediate support, might face an uncertain weekend in terms of its price action. High levels...Read More
Despite Bitcoin losing significant market share over the past six months, the world’s largest cryptocurrency continues to share a high correlation with the market’s altcoins. The same was evident when many of these altcoins fell on the back of Bitcoin’s own depreciation over the course of 1-2 October, with the likes of IOTA and CRO...Read More
CEO and co-founder of Blockstack, Muneeb Ali published an earnings model in a blog today that outlined how STX holders can estimate potential earnings when Stacks 2.0 launches on mainnet. Ali added that Stacks 2.0 will continue to use the proof-of-transfer (PoX) consensus protocol, currently in use on its testnet version. Moreover, the POX algorithm...Read More
It seems like the market is finally turning a little bullish. Bitcoin pushed its own price above $11k and other altcoins were appearing to push their respective valuations as well. Bitcoin SV has registered 3 consecutive green candles over the past three days, taking its valuation above $165. With the trend reaching a possible breakout...Read More
Most digital assets recorded positive gains on their daily charts today, as the bulls controlled the market. Bitcoin Cash and EOS remained delicately poised just under their resistance levels following a week-long consolidation. DigiByte, on the other hand, having breached its resistance was in for another possible bullish move over the weekend. Bitcoin Cash [BCH]...Read More
In the wake of regulatory concerns, seven central banks have come together and released a report identifying the “foundational principle necessary for any publicly available CBDCs to help central banks meet their public policy objectives.” The report titled, Central bank digital currencies: foundational principles and core features, compiled by the participating banks like the Bank...Read More
In collaboration with the Peoples Bank of China (PBOC), Shenzhen plans to distribute $1.5 million worth of its Central Bank Digital Currency (CBDC) – the digital yuan. Adopting a promotion strategy similar to that of a surprise airdrop, the giveaway will be distributed to 50,000 recipients through a lottery system. According to reports, each distribution...Read More
Prime Trust, the API-enabled B2B financial solutions provider has announced the addition of Stellar Lumens ($XLM) to their list of supported cryptocurrencies. The addition of XLM comes in response to the overwhelming demand customers have expressed. XLM 24-hour Price Chart Source: CoinMarketCap XLM was trading at $0.073 at the time of writing, up 2.00% in...Read More
Over the last one week, Ethereum registered poor daily returns that lowered the cryptocurrency’s valuation by more than 6%. The same was noted across the market after Bitcoin, the world’s largest cryptocurrency, too noted a decline on the charts. While such bearishness continued to persist, at press time, altcoins such as NEM and Zcash were...Read More
US Department of Justice’s Attorney General William P. Barr announced today the release of “Cryptocurrency: An Enforcement Framework,” a publication that outlines the “emerging threats” and enforcement challenges associated with the “increasing prevalence” and use of cryptocurrency. Attorney General William P. Barr said that the 83-page-long report, which was produced by the DoJ’s Cyber-Digital Task Force,...Read More
October hasn’t really been favorable to the digital assets industry, with many of the market’s assets struggling to keep up with bearish pressure. With Chainlink staying close to its $10-valuation on the charts, many in the community are expecting the cryptocurrency to drop further. In fact, recent analysis suggests that another breakout might take place...Read More
Solana, which offers scalable solutions to decentralized applications, today announced the launch of its cross-chain bridge, dubbed Wormhole, which connects ETH and ERC-20 tokens to the Solana blockchain’s SPL tokens. Wormhole bridge will allow DeFi developers to move tokenized assets “trustlessly” across blockchains, taking advantage of Solana’s “speed and cost” which the firm claimed was...Read More
Disclaimer: The following article is the sole opinion of the writer and should not be considered as investment advice While the collapse on 1-2 October seemed brutal for most of the market’s crypto-assets, Litecoin has continued to maintain strong sideways movement between the ranges of $47.13 and $45. In fact, while LTC has breached its resistance...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in Tezos’ long-term market and its impact on the price The recent fall in Bitcoin’s price did not have much of an impact on the Tezos market as the cryptocurrency was already on a trajectory going south. The crypto-asset’s value has been crumbling since mid-August,...Read More
Bitcoin SV appeared to undergo a trend reversal, at press time, as its bullish price momentum pushed the cryptocurrency’s price above its immediate support and pivot levels. On the contrary, with a persistent downtrend, a bearish outlook was evident for Synthetix after it lost control of two resistance levels. Maker was at the end of...Read More
While under the current developments a major bearish market for digital assets may correctly identify a suppressed trading scenario for bulls, various technical indicators still suggest that a strong reversal cannot be ruled out during the course of the fourth quarter. However, altcoins like Polkadot, VeChain, and Basic Attention Token witnessed a strong descent to...Read More
The price charts at press time displayed that the bearish sentiment was once again regaining control. A typically higher volatility level was witnessed compared to earlier trading sessions. Most of the major alts were rallying against the buying sentiment. Bitcoin Cash was seen consolidating, after a short pump and dump event. DASH and Dogecoin too...Read More
The fear in the crypto space spiked in tandem with a drop in the stock market. Crypto Fear and Greed Index was at 43, compared to the previous day’s 47. However, Bitcoin’s outlook remained healthy in the long run. Crypto.com Coin’s charts suggested no change in its bearish outlook, nor did Stellar Lumens. Algorand formed...Read More
As global economies adapt to the Covid-19 pandemic, which is driving the need for contactless payments, federal authorities in the US have shared another update about the development of a digital currency. According to the Deputy Treasury Secretary Justin Muzinich, U.S Treasury along with the Federal Reserve, “is studying” a government-sponsored digital currency or CBDC....Read More
Bitcoin was in a period of relatively low volatility over the past 90 days. Chainlink was overwhelmed by sellers in the long-term, while LINK bulls sought to defend a level of support. Cosmos retested a level of support-turned-resistance and was likely headed lower and DigiByte could have some gas in the tank to post minor...Read More
