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
When it comes down to sharp price movements, people tend to relate them to the cryptocurrency market and especially alternative coins. However, a massive four-digit percentage price surge occurred yesterday on Wall Street with a little-known company after it announced plans to enter the electric vehicle (EV) business. 3,100% Pump In A Day On Wall...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer The DOT token belongs to the blockchain Polkadot. The blockchain was envisioned by Dr. Gavin Woods, the co-founder of Ethereum [ETH] and the inventor of the Solidity smart contract language. Launched fully...Read More
The crypto-market opened itself to a lot of volatility after a sudden fall towards the beginning of the week was noted on the charts. In fact, the aforementioned fall impacted altcoins more than it impacted Bitcoin, with the worst sufferers being small-cap assets and mid-cap assets, while major crypto-assets registered a red market. Litecoin [LTC]...Read More
The altcoin market continues to demonstrate its close ties to the world’s largest and most dominant cryptocurrency, Bitcoin. As Bitcoin’s price fell on the charts at the start of the week, the same was replicated by popular altcoins such as Cardano, Algorand, and VeChain, with price drops of up to 20 percent noted on the...Read More
Chainlink continued to fall on the charts as Bitcoin showed signs of bearishness. Tron’s market was controlled by bears and TRX was likely to go lower, however, it did show a bullish divergence that might play out in the coming hours. IOTA also had a bearish outlook, as most of the crypto market bled after...Read More
Cuy Sheffield, senior director and head of crypto at Visa said in a report today that the global payment network, Visa, was advancing its work on its cryptocurrency payment technology and that it would incorporate blockchain tech into its operations. Although the Visa executive did not mention a specific timeline for the project, he added...Read More
XRP looked ready for a fall in price as it traded just above a level of support that might not hold firm. It also caused a stir when 500 million XRP had been moved from Chris Larsen’s wallet, but he immediately responded with an explanation. Stellar’s market was dominated by bears. Zcash was also bearish...Read More
Huobi has released its native crypto trading, mobile app for the Russian market according to a release shared with AMBCrypto today. With this move, users in Russia can now access Huobi’s mobile trading app on both iOS and Android. In recent news, Russia passed new regulations on crypto-trading and mining stating that it would not...Read More
Volatility and fear have been making up the crypto market at the moment. While Bitcoin [BTC] looks at another crash owing to the stock market, the remaining market has also been suffering. This present state of the market has put the best performers in the market, small-cap assets, in the worst-performing category, while BTC leads...Read More
Disclaimer: The following price prediction should not be considered as investment advice. While the majority of the altcoins always follow Bitcoin‘s market trail, some of them have lately followed their own path. Chainlink is a prime example. For a brief window, Tron was performing really well on its own and lately, it has been Binance...Read More
Around four months ago the crypto winds started blowing towards defi. The total value locked up in defi-related protocols increased from about $1 billion to $10 billion. Although a lot of this hype began after Compound’s Comp token, there was a new bubble – it was the governance protocol/token bubble. Source: Defipulse Defi aka decentralized...Read More
Ethereum formed a bearish pattern that could take the price beneath $300 in the next few weeks. The scenario of the crypto market, in general, was bearish, with the likelihood of further losses. Tezos showed no signs of reversing the downtrend and was set to plummet further. Dash slipped beneath a crucial level of support...Read More
Cardano has dropped out of the top 10 rankings and now has a market cap of $2.52 billion. With a 13% decline in the last week, the price might have a chance to rebound in the short-to-medium-term. Cardano 4-hour chart ADA didn’t rebound as mentioned in the last article, however, this is due to bitcoin...Read More
With Bitcoin dropping down to $10,406 at press time, other altcoins were hardly finding any market momentum to facilitate a recovery. Litecoin, Vechain, and Ontology were all under a period of bearish pressure as the assets began to consolidate at a lower range. Litecoin [LTC] Source: LTC/USD on Trading View Litecoin’s high correlation with Bitcoin...Read More
