The prices might go helter-skelter on the short-term chart, but since the start of September, Bitcoin Cash has only witnessed sideways movement on the daily time period. A fixed range between $237 and $200 is evident in the charts while a long-term breakout is yet to take place. Bitcoin Cash 1-day chart Source: BCH/USD on...Read More
The trading charts for the altcoin market was once again displaying bearishness after a shift from the recent upward rallies gained just last week. Binance Coin with its double top formation was seen heading towards a bearish scenario. The bear market for IOTA, however, might still display some hope. In the case of FTX token, the...Read More
South Korea’s central bank, Bank of Korea (BOK) which had earlier established a central bank digital currency (CBDC) pilot program, has now announced that it planned to speed up the process by starting to test its digital token from next year onwards. The central bank maintained its original stance that although it was hastening the...Read More
The community-led decentralized exchange, CoFiX, raised $500k in funding from investors like Huobi DeFi Labs, Dragonfly Capital, and Coinbase Ventures, among other DeFi angels, according to a release emailed to AMBCrypto today. The new DeFi protocol planned to use the funds to work on its protocol audits and cover early development costs. Like other DeFi...Read More
While the lows of September 23rd were not emulated in the recent decline, ADA’s price continued to sustain a position near the recent bottom. For Cardano, the trend has been consistently bearish since August 1st week itself but a minor bullish pullback was observed towards the end of September. The major difference remains the trend...Read More
Disclaimer: The following analysis attempts to analyze the emerging patterns in the Litecoin short-term market and its impact on price. The Litecoin short-term market saw a momentary pump of 5.37% in an hour increasing its value from $45.67 to $48.131. However, the digital silver could not hold onto this value as large selling pressure emerged...Read More
The S&P 500 Index dropped from 3420 to 3343, a 2.3% drop, in a matter of hours after tweets from the US President about the stimulus package negotiations’ setback. Despite arguments about an uncorrelated market, the crypto sphere still suffered losses across the board. XRP might retain some bullish momentum technically, although bearish sentiment might...Read More
The stock market saw a panicked sell-off after the US President tweeted that no stimulus package would be passed until after the elections. The drop affected the crypto market as well, with most major altcoins and Bitcoin seeing losses. Bitcoin currently trades at $10,605 after having endured a 1.40 percent drop in the past 24-hours....Read More
A mixed start to the day was seen in the altcoin market with a spike in selling pressure observed in most digital assets in the afternoon session followed by some good gains. Tezos was seen consolidating in a symmetrical triangle pattern in the daily chart. While XRP and Algorand both were seen rising to their...Read More
As we enter the fourth quarter, Bitcoin after its price dump seems to be consolidating around the $10,700 level. With this, Ethereum too seemed to gain some momentum, as it pushed higher towards its resistance level. However, both BitTorrent and Maker seemed to make a descending triangle formation, hinting toward a bearish scenario in the...Read More
Bitcoin stood at $10,700 and Ethereum struggled to climb past the $355 level. The market as a whole had a bearish outlook, although many assets showed short-term bullishness. Crypto.com Coin was bearish in both the short and medium-term, while IOTA formed a bullish continuation pattern that could take some more time to play out. VeChain...Read More
Bitcoin is once again testing the $10,700 level of resistance after witnessing a 0.8% drop in the afternoon session. However, with an overall upward trend maintained another price surge could be expected. Dash maintained a neutral view, as consolidation possibilities became clearer from its technical indicators that may hold true for the next few days. ...Read More
Steady gains by Bitcoin in the past few days did not have a positive impact on some major altcoin charts, while some others rose alongside BTC. Chainlink was in a period of consolidation over the past couple of days. This was likely to be a brief calm before another wave of selling pressure. Cosmos broke...Read More
Bitcoin was unable to close above $10,800 in what could be a worrying sign for bulls in the near term. Bitcoin SV dropped out of the brief ascending channel formed recently and could see further losses. Dogecoin was perched on a level of support that might not hold much longer. Tron slipped beneath and retested...Read More
Litecoin has been trending upward for a couple of weeks, but the asset would need a few more trading sessions to show if it could continue the trend or if there was an imminent reversal. Zcash showed bullishness and buyers were dominant in the market. Synthetix was bearish after the failure to defend a level...Read More
When it comes to the DeFi ecosystem at large, there seems to be a lot of eagerness with regard to the growth of Bitcoin’s DeFi space and on those lines, another startup has taken up the expansion of BTC-backed DeFi products. RSK Infrastructure Framework (RIF), a Bitcoin-powered smart contract platform will make MakerDAO’s ERC-20 DAI...Read More
As the last quarter of the year progresses, the cryptocurrencies have been noting a brief recovery on the charts. Although in the case of most cryptos, the price was still faltering, a few others were witnessing strong gains currently. Major cryptocurrency like Cardano [ADA] noted a good price swing, whereas, Basic Attention Token [BAT] has...Read More
Bitcoin advanced from $10,650 to $10,800 and was trading at press time at $10,765. The steady gains made by Bitcoin suggested a shift in sentiment toward the bullish side. Source: CoinStats The Crypto Fear and Greed Index showed a value of 47, a rise from the previous day’s 42. Binance Coin showed a bearish divergence...Read More
In a surprise AMA, Charles Hoskinson answered viewers’ questions on a Livestream, talking mostly about the developments of Cardano and its progress over the past few months. One answer in particular, however, generated a lot of excitement from viewers. In a response to a question about how easy it is to convince projects to move...Read More
Litecoin development news has been lacking recently, with all of the attention focused on Ethereum’s ongoing testing of Beacon Chain. That has changed with the recent launch of the MimbleWimble (MW) testnet. As it has only just gone live, there are a few nodes connected and mining, the official blog post stated. The MW protocol...Read More
Polkadot formed a continuation pattern that suggested the possibility of an upward surge in price. However, it could take some time to manifest. In the near-term, the price could be set for a few more trading sessions of relatively lowered volatility. Tron showed signs of bearishness. Ontology was likely to slide toward support but lacked...Read More
The United States watchdog, Securities Exchange Commissions charged cybersecurity software developer John McAfee for allegedly making over $23 million in the process of shilling seven initial coin offerings. The ICOs reportedly raised $41 million in the process with half of those proceeds pocketed by McAfee. The SEC indictment read: From at least November 2017 through...Read More
The U.S. Securities and Exchange Commission (SEC), and the U.S Office of the Comptroller of the Currency (OCC) have yet again provided clarity on the cryptocurrency and blockchain regulations in a webinar. In the webinar, SEC Chairman, Jay Clayton, said that SEC’s “door was wide open” for entities to understand how to “tokenize the ETF...Read More
Except for Digibyte, both XRP and IOTA indicate mild to strong bullish indications. Digibyte shows a clear downtrend possibility, however, not to a huge extent. XRP Source: XRPUSD TradingView XRP has seen a good surge in the last week, with price surging by almost 9% in the last 12 hours. This surge might soon come...Read More
A research conducted by Alex Manuskin, at ZenGo revealed today on twitter that “yield farming” project UniCats allegedly stole nearly $200,000 worth of Uniswap (UNI) tokens from several ethereum users. Manuskin believed that UniCats added a “backdoor” to the yield farming smart contract which allowed the platform to have complete control over its users’ tokens...Read More
Cardano appeared to be forming a bullish reversal pattern, although it could take several more days to give concrete confirmation signals. Tezos formed a continuation pattern and was likely to register more losses. Dogecoin exhibited a hidden bearish divergence and could be forced to test support once more, and perhaps break beneath as well. Cardano...Read More
Litecoin has seen a fair amount of surges in the past week or so, however, these profits were wiped off equally quickly. At press time, LTC is trading at $46.37 and presents an ambiguous situation about its near future. Litecoin 1-day chart Source: LTCUSD TradingView The 1-day chart attached above showed Litecoin forming a symmetrical...Read More
Litecoin was moving within an ascending channel and had reclaimed a level of resistance recently. Stellar Lumens faced heavy selling pressure and was likely to see a drop in value. Basic Attention Token trended upward for a period of nearly two weeks before the trend exhausted itself and bears seized control. Litecoin [LTC] Source: LTC/USD...Read More
Chainlink made two attempts at an important region of resistance last week, but was rejected on both tries and could be set to post losses over the coming days. Cosmos could face rejection at its resistance once more but could post some gains in the short-term while VeChain was forming a bearish pattern and could...Read More
Tether’s market capitalization is 47% higher than XRP and it ranks third, after Bitcoin and Ethereum. Despite being shrouded in controversies, it has led the stablecoin market and added $100 million in market capitalization every day since July 2020. Tether reserves on exchanges dropped in August 2020, however, there was a recovery above the 1.5...Read More
