Tron formed a bearish divergence on the charts, one that could see the price lose a level of support. Polkadot was in a consolidation phase in the near-term, with no breakout initiated at the time of writing. Decred, on the contrary, continued to face steady selling pressure and was set to continue on the same...Read More
In what seems like an update that was a long time coming, Bittrex’s $ADA wallet is up and running once again, processing deposits and withdrawals with the required updates to the Cardano protocol. The same was announced by Richie Lai, Co-founder and CIO of Bittrex, on Twitter. Yes it has happened… $ADA wallet open and...Read More
Binance Coin exhibited bullishness in its market, but it could see a minor drop of 2-3% before noting further gains. NEM broke out of a period of consolidation and appeared to have flipped a level of resistance to support. Verge showed bearishness in its own market. Binance Coin [BNB] Source: BNB/USDT on TradingView At press...Read More
Chainlink was noting some bullish momentum in its market in the near-term, but it still had an important level of resistance to reclaim to flip its bearish medium-term outlook to bullish. This comes after a recent report suggested that Chainlink had decoupled from Bitcoin. FTX Token rose past a level of resistance. but the market was...Read More
Chainlink and its marines are in utter disbelief after the coin dropped by 62% from its ATH in just over a month. Regardless, the marines have diamond hands and are holding their bags, especially retail. Their patience might be rewarded soon, however, as the price was pointing towards a bullish breakout soon. However, the bears...Read More
Stellar Lumens’ charts pointed to bearishness in the short-term after it was unable to scale a level of resistance. In fact, XLM has been forming lower highs for over a month, highlighting a downtrend over the longer time frame as well. STEEM too formed a bearish pattern on the charts and was poised to drop...Read More
Bitcoin Cash defended the all-important zone of $200 and managed to rise past $220 as well, although it remained to be seen if BCH can hold on to the gains made. Cosmos formed a bullish pattern on the charts and was likely to rise past its level of resistance. Maker also showed a near-term bullish...Read More
Litecoin sailed past its level of resistance on the charts and could register some more gains in the next day or two, before facing its next resistance. Ontology could continue to show bullish momentum in the markets in the short-term. Zcash bulls showed strength too, and were likely to drive prices up in the coming...Read More
EOS has been bearish for the entirety of September, and the crypto seemed unlikely to reverse its trend, at the time of writing. VeChain‘s bulls, however, have been showing strength in the market over the past few days. Brave’s BAT made some gains over the past couple of days too, but it was unlikely to...Read More
Although China still categorizes Bitcoin and other cryptocurrencies as illegal, several state-owned media outlets purportedly ran reports describing them as the best-performing assets since the start of the year. Bitcoin And Crypto Run On Chinese Media A popular state-owned media under the name Xinhua News Agency set the tone yesterday by citing a Bloomberg report...Read More
Cardano registered a bearish pattern on the charts, one that validated the previous pattern to some extent, before the markets shifted dramatically to spur ADA upwards. Waves was in the oversold territory and might be forced to drop further in the coming hours. Enjin, however, appeared directionless in the market as buyers and sellers each...Read More
Ethereum bounced off its level of support, but this bounce did not hint at a reversal in downtrend from the $481-highs of late-August. It is likely that this bounce will reverse itself in the coming days. Further down the crypto-ladder, Algorand broke out of its bearish trend and could be primed to surge upwards. Decred...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price The crypto-market has been volatile since the beginning of this week, with the same resulting in price swings in either direction. At the time of writing, the prices of most major crypto-assets...Read More
Binance Coin showed signs of being on a healthy long-term uptrend as it retraced recent gains made. In the short-term also, it appeared likely to move north. Polkadot bounced off its support and might be headed for more gains, although it could also exhibit ranging action in the coming days. Verge has been in a...Read More
Tron had been bearish over the past few weeks, but its recent surge on the charts could indicate the reversal of a downtrend. The next few trading sessions for TRX, therefore, will be crucial. NEM appeared to be at the beginning of a significant uptrend as it attempted to flip a level of resistance to...Read More
Monero was noting a bullish divergence on the charts, with XMR trading beneath an important level of resistance, at press time. Synthetix, however, showed indecision in the markets and could see a drop in price over the next few hours. DigiByte bulls and bears were in equilibrium, but bears could force another minor pullback in...Read More
The importance of this current week has been fairly downplayed. Years down the line, the global payments system might look back at this particular period and suggest that this is where it all started. Let’s jog our memories on what actually happened. In two ‘un-correlated’ announcements, the People’s Bank of China-controlled finance magazine stated the importance...Read More
The last 48 hours came as a respite to many of the market’s altcoins, especially after most were pulled down by Bitcoin’s own depreciation on the charts. Thanks to BTC’s recovery, many of these alts recovered too, with the likes of XRP, STEEM, and Ontology among them. However, whether the recent bullishness is enough to...Read More
Bitcoin has shown immense promise to the investors over the years, even though its growth may have currently been restricted due to a consolidating market. Despite the stagnated growth period, the coin has been returning 49% in YTD. Due to a strong correlation between BTC and most major alts along with other cryptocurrencies, the overall...Read More
It is an interesting period in the digital asset industry. While prices were indicating a series of pullbacks, many suggested that the bottom is near or possibly nearing with time. At the moment, Bitcoin continues to hold fort around the $10,000 range, bouncing consistently from the $10,200 mark. With the king coin holding its grounds,...Read More
Blockchain tech company ConsenSys announced that it would work on the second phase of ‘Project Inthanon-LionRock,’ which will allow the firm to design a proof-of-concept for CBDCs. This project was launched in 2019 by the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) to “study the application of a CBDC to cross-border...Read More
Following a week that saw Bitcoin, the world’s largest cryptocurrency, fall dramatically, BTC was soon in recovery mode. In fact, at the time of writing, it was valued at just under $10,700, with the cryptocurrency’s performance giving impetus to the market’s altcoins too. Taking BTC’s lead, many of these alts, including the likes of Tezos,...Read More
Cryptocurrency exchange Gemini announced that the platform will now enable trading and custody for seven new DeFi tokens such as Balancer (BAL), Curve (CRV), Ren Network (REN), Synthetix Network (SNX), Uma (UMA), Uniswap (UNI), and Yearn.finance (YFI). In addition to this, Gemini stated that five other tokens namely, Decentraland (MANA), Kyber Network (KNC), Maker (MKR),...Read More
Binance exchange has added another important asset to Cross Collaterals- Ethereum [ETH]. Ethereum was the third asset to be added to this list after Bitcoin [BTC] and Binance USD [BUSD]. With Ethereum as another option to choose from, it would allow users to collateralize their crypto assets to borrow against ETH. The release from Binance...Read More
The last few weeks have only supported the argument that Bitcoin, the world’s largest cryptocurrency, remains highly correlated to the market’s altcoins. This, despite the fact that over the past few months, these alts have all recorded strong performances, some independent of BTC’s own movement. However, when BTC fell on 2-3rd September, so did the...Read More
Binance Futures was launched a year back and today, as per CoinGecko’s ranking of top derivative exchanges, it stands third. The exchange has been popular among users due to its active listing of in-demand products like Chainlink [LINK] quarterly 1225 coin-margined contracts with leverage of 75x. At the time, LINK wasn’t being significantly affected by...Read More
Following Bitcoin’s footsteps, many of the market’s altcoins noted a slump in their price when the week began. The case for Bitcoin Cash was the same, with the coin falling on the charts by over 10 percent on 21 September. Since then, BCH has registered lower lows and lower highs and the coming week is...Read More
A newly-proposed bill with the legislative branch of the Israeli government Knesset submitted several changes to Bitcoin’s taxation. Instead of viewing BTC as an asset and subjecting sales to capital gains tax of 25%, the new legislation plans to recognize it as a currency. New Proposal: Bitcoin As a Currency Not An Asset According to...Read More
In an attempt to provide more clarity on regulations to crypto firms, European Commission released a document titled The Digital Finance Package that included digital finance and retail payment strategies, according to an announcement today. This would be the first time that the EC has proposed detailed legislation on cryptocurrency assets. The future of finance...Read More
Binance Coin, ATOM, and even Compound registered a bullish bias after noting a drop on their charts over the last week. However, while Binance and ATOM hinted at a definite bullish move, the same might not be the case with Compound’s COMP token. Binance Coin [BNB] Source: BNB/USD on TradingView With a huge descending channel...Read More