Bitcoin Dominance rose to 61.66 and could rise to 64 in the coming weeks and at press time the world’s largest cryptocurrency is being traded at $10,436. Source: CoinStats Altcoins like Bitcoin SV could be set to bounce off a level of support but was more likely to sink beneath the same level in the...Read More
Monero fell through a bullish channel to test support after showing a bearish divergence, and it appeared feasible that the price would break beneath the support level as well. Crypto.com Coin invalidated a bullish pattern as it dived past a level of support. IOTA slid ever lower on the charts, in continuation of its trend...Read More
Ex- Ripple CEO and angel investor Chris Larsen acknowledged moving 499,999,979 XRP today, after Whale Alert tracking account published a tweet stating that Larsen had moved XRP worth $115,847,491 at press time, to an unknown wallet with in the following tweet: 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 499,999,979 #XRP (115,847,491 USD)...Read More
Chainlink looked poised to post further losses, as the 15% plunge over the weekend was just one of the many drops in the past month for LINK. Cosmos had been in a brief period of indecision before bears prevailed and pushed ATOM downward. Ontology validated a bearish pattern but in the next few hours has...Read More
ERC-20 token, TBTC, which lets Bitcoin holders safely copy BTC over to Ethereum and access yields from DeFi apps on Ethereum, has been launched and is ready for use on the tbtc.network, according to an announcement from the Keep Network today. According to the release, TBTC is trustless and is fully backed and matched by...Read More
Binance Coin was shedding value rapidly but it remained to be seen if this was a pullback in an uptrend or if recent gains made would all be wiped out. The bearish momentum for Stellar Lumens grew, while Zcash presented a mixed bag of evidence that hinted at the possibility of a quick recovery. Binance...Read More
Disclaimer: The following price prediction should not be taken as investment advice, as it is the sole opinion of the writer. Unsurprisingly, the collective altcoin market could not hold its own over the past 24-hours as the traditional stock market, Gold and Bitcoin stumbled. With major alts already struggling after the early September collapse, XRP’s...Read More
Indian police are investigating a New Delhi-based crypto firm, ‘Pluto exchange,’ which has been accused of swindling Rs 2 crore (approximately $270K) from 43 crypto investors, according to local reports. The Economic Offences Wing of the Delhi Police has suspected one Bharat Verma to be the Director of the crypto company who reportedly lured in...Read More
FinCEN files found a link between the infamous Mt. Gox and Mayzus Financial Services and contained 36 SARs and leveled allegations of money laundering at MFS. With the stock market seeing red in the backdrop, the crypto space also bled as some assets saw double-digit percentage point losses. Polkadot, Tezos, and BAT have been in...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the sole opinion of the writer. The prediction should materialize in the next 24-48 hours. While Ethereum’s effort to hold fort near $390 is commendable, it would be inaccurate to state that the industry did not see this coming. With...Read More
So, Bitcoin crashed again; this time, it dropped from $11,000 to $10,280. This only confirms that bitcoin is range-bound again, between $11,000 and $10,000 with a tolerance of $500 on either side. Like any other crash, this article will identify the reason for the crash and what to expect hereon. Markets move in unison The...Read More
Disclaimer: The following article attempts to analyze the evolving patterns in the Litecoin short-term market and its impact on the price. Like the remaining market, the value of Litecoin [LTC] collapsed once again to early-July levels. The selling pressure emerged when LTC was trading at $47 and fell until $41.64. The coin is currently being...Read More
The cryptocurrency market saw losses on Monday, as traditional stock markets plummeted sharply. This could be related to news reports that large banks were involved in money laundering transactions. Bitcoin Cash showed it might not register further losses in the near-term. VeChain flipped from bullish to bearish momentum over the weekend. Dogecoin continued to show...Read More
The cryptocurrency market cap lost about $18 billion of value since yesterday. Bitcoin plummeted by nearly $700 to $10,300 at one point, while the altcoins have it worse with some vigorous double-digit drops. Bitcoin Falls Hard Just a few days ago, Bitcoin attempted to overcome the psychological $11,000 level on two occasions. However, the asset...Read More
U.S Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC) issued a stablecoin guidance on Monday for U.S national banks and federal savings associations to hold stablecoin reserves. This would be the first detailed national guidance on how cryptocurrencies backed by fiat currencies, with the dollar in particular, should...Read More
President of European Central Bank, Christine Lagarde said that incoming data suggested that Europe’s economic recovery was uncertain and that introducing a digital Euro would strengthen the European payment system. The President said in a speech addressed to a joint meeting of parliamentary deputies from France and Germany on Monday. Lagarde said the “Eurosystem” was...Read More
With a reported loss of 3.71 percent over the past 24-hours, EOS continued to struggle on the charts, with the crypto now well outside the top-10 of the market’s rankings. While EOS’s price has remained volatile for quite a while, the prevailing market trend has been bearish too. In fact, at the time of writing,...Read More
An article published in China Finance, a magazine run by the People’s Bank of China (PBOC), stated that China had to become the first nation to issue its digital yuan to “reduce its dependence on the US dollar”, according to a report published today. China Finance also sees issuing a digital currency as a “new...Read More
Bitcoin showed signs of bearishness on its charts as the market’s bulls lacked the strength to push the price past $11,000. Taking the lead of the world’s largest cryptocurrency, BitTorrent’s price slid lower down the charts as Maker too noted sharp fall in price as its downtrend persisted. Bitcoin [BTC] Source: BTC/USD on TradingView Bitcoin’s...Read More
Leaked documents as part of the FinCEN investigation showed involvement of traditional financial firms including one Mayzus Financial Services and its connection to the Mt Gox cryptocurrency hack and theft, in the global financial corruption reports exposed by BuzzFeed News. FinCEN files contain 36 suspicious activity reports (SARs) on Mayzus Financial Services, which is the...Read More
Bitcoin Cash registered significant losses as Bitcoin and most of the market faced another wave of selling pressure. NEM, while it noted a recent surge, was rejected at a level of resistance and showed some bearishness on the charts in the near-term. VeChain had been making moderate gains over the past couple of days but...Read More
A recent study compiled by a cryptocurrency insurance company revealed that over 25% of surveyed institutional investors, who collectively manage nearly $80 billion of assets, are planning to increase their digital asset holdings. Institutional Investors To Accumulate More Crypto Although the interest from institutional interest has been rising lately, exemplified by the large digital asset...Read More
Most of the industry’s altcoins are struggling to make-do in the present market. With all the bullish market momentum fizzling out in early-September, new monthly lows are being registered every single day. In fact, even Bitcoin seemed to be losing value at the time of writing, after many alts hoped the king coin’s price movement...Read More
Monero has been on a healthy uptrend for a while, but that might change in the short-term after it flashed a bearish signal on the charts. Synthetix, however, registered a bullish signal and the possibility of a price rise was likely, despite the fact that it remained under the bearish trend that commenced in early-September....Read More
Stellar Lumens’ charts suggested that it was likely to continue down south on the back of bearish momentum. Ontology too noted a bearish pattern, with ONT likely to lose an imminent level of support. DigiByte, however, continue to breach its resistance levels, with the crypto likely to continue rising in the near-term. Stellar Lumens [XLM]...Read More
Bitcoin SV, the fork of a fork coin, continues to survive and sustain, despite having only a small camp of supporters and developers working on its blockchain. The cryptocurrency, at the time of writing, was priced at $152, with BSV the 11th-largest on CoinMarketCap’s charts. However, while BSV has seen nothing but price drops over...Read More
The altcoin market continued to see red as Bitcoin, the world’s largest cryptocurrency, traded just under the $11,000-mark, with an eye on $11,200. Further down the crypto-ladder, Tron has been trending south recently, with TRX likely to continue to do so, alongside Algorand. Compound, however, noted a bullish divergence and a bounce can be expected...Read More
Chainlink slipped beneath yet another important level, with the crypto likely to post further losses over the next week or two. Further down the cryptocurrency charts, Polkadot and Decred‘s movements suggested that the bears were continuing to dominate the crypto-market. Chainlink [LINK] Source: LINK/USD on TradingView The Awesome Oscillator registered bearish momentum for LINK. Using...Read More
XRP, at the time of writing, was showing no signs of price movement in either direction in the near-term. Similarly, Cosmos was likely to be neutral or bearish, until overall market conditions took a turn towards the bullish side. Dogecoin, the popular meme-coin, was also stagnant across its price charts. XRP Source: XRP/USD on TradingView...Read More
While Bitcoin briefly spiked to climb to $11,179 on the charts, it had fallen to trade at $10,944, at press time. A rising Bitcoin, accompanied by rising Bitcoin dominance, showed that altcoins were overextended in the month of August and are now either retracing gains made or consolidating for a next move upwards. Litecoin was...Read More
