Bitcoin could be a sound long term investment according to these metrics. Yet in the short-term, it still remains a volatile asset. Trading at $10,900 at press time, Bitcoin’s surge left many altcoins struggling against bearish pressure. Polkadot formed a bullish pattern and had room to rise, but could fall short of the target. Ontology...Read More
U.S. Treasury Department sanctioned two Russian nationals, Danil Potekhin and Dmitrii Karasavidi for their alleged involvement in a phishing campaign that resulted in losses of around $16 million worth of cryptocurrencies from users’ accounts in two U.S.-based and one foreign-based cryptocurrency exchanges. Secretary of the Treasury, Steven Mnuchin published a tweet that stated: As innovation...Read More
Bitcoin reached $10,950 and faced resistance at $11,200 as Bitcoin Dominance rose alongside. This meant many major altcoins could be facing selling pressure in the near-term. Chainlink lost an important level of support and was primed for a slide to the downside. IOTA also showed bearish momentum, whereas Dogecoin took its first step towards halting...Read More
Besides Bitcoin, all the major altcoins were undergoing severe corrections over the past 24-hours and it seemed like the depreciation was only going to get worse from here onwards. Bitcoin saw its price rise by over 1.6 percent in the past 24-hours and is now trading at $10,871. Source: CoinStats The likes of Bitcoin SV,...Read More
U.S. Department of Justice charged five Chinese citizens for launching malware that led to the crypto-jacking of computers to mine cryptocurrency. However, the indictment did not mention which cryptocurrency the Chinese cybercriminals tried to mine. According to the release the cybercriminals are said to be fugitives in China with one of them claiming connections to...Read More
Cardano has dropped out of its bearish pattern, however, its journey higher starts now. With rising bitcoin prices and dominance, there might an altcoin sell-off soon, which might hamper altcoins’ performance. Cardano 4-hour chart Source: ADAUSD TradingView The chart shows the price of Cardano breaking promptly from the rising wedge. After testing the support at...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. Unlike other top digital currencies in the space, XRP struggled to respond after the collective industry collapsed between 1st-2nd Septemeber. With Bitcoin and Ethereum making significant strides in their recovery, XRP failed to move above...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on price. Ever since the March crash, the value of Bitcoin Cash had been restricted between $206.37 and $263.30, with sudden spurts and a correction adding to the trend. BCH was valued at $333 in mid-August...Read More
Binance Coin retraced some recent gains and could fall further, while Tezos looked also likely to drop. XTZ showed no signs of reversing the downtrend it was caught in. Cosmos showed rising bearish momentum in the near-term and its price ranged between two strong levels that have refused to be flipped since early September. Binance...Read More
Bitcoin Dominance rose to 61.15 from yesterday’s low of 59.9 while Bitcoin saw gains and was valued at $10,850 at press time. Bitcoin’s rise in the past few days was accompanied by many major altcoins seeing red. This can be explained by traders selling their altcoin holdings to buy a surging BTC in an attempt...Read More
Germany-based video game company CipSoft has released a game that fully operates on the Litecoin blockchain and does not have a central server according to an announcement published on twitter today. Named LiteBringer, the online role-playing game is similar to CipSoft’s first video game Tibia which involves fantasy characters, difficult quests and rewards. In LiteBringer though,...Read More
Bitcoin continued to surge and was trading at $10,825 at the time of writing. The sentiment around cryptocurrencies shifted from fear to neutral, as the Fear and Greed Index showed a reading of 47. A strong Bitcoin did not alter the fate of Cardano and IOTA which showed a lack of momentum in the markets....Read More
Chainlink reached an ATH of $20 in August and could be set to slowly grind downward in the coming weeks. On a shorter time frame as well, the path of least resistance for LINK was to the downside. EOS was consolidating above a level of support. FTX Token could be set to trade within a...Read More
U.S Securities and Exchange Commission (SEC) charged a Seattle-based crypto eSports and gambling platform Unikrn for conducting an ‘unregistered’ initial coin offering( ICO) in 2017, which is a violation of the U.S registration laws. According to the release, Unikrn will reportedly pay a $6 million fine and also distribute its assets to injured investors through...Read More
Residents in the US state of Georgia can now register on the Binance.US cryptocurrency exchange which will function under the state’s regulatory requirements, according to a company announcement published today. 🍑 https://t.co/AZwoBOy3iq is now live in Georgia 🍑 Georgians can start registering & trading today! — Binance.US 🇺🇸 (@BinanceUS) September 15, 2020 This move comes...Read More
Bitcoin’s surge past $10,500 could have a positive effect on the rest of the market as the fear in the markets slowly evaporates. Polkadot confirmed a bullish pattern as it broke upward past the resistance and looked likely to surge further. Stellar Lumens found support on a near-term moving average but did not show any...Read More
Decentralized data network startup Bluzelle will provide its decentralized storage services to developers who will build on Polkadot’s DeFi ecosystem, a flagship project of the Web3 Foundation, according to a press release shared with AMBCrypto today. Furthermore, Bluzelle’s distributed storage project will integrate with Parity’s Substrate framework as well. As per the release, Polkadot’s integration...Read More
For Ethereum and the rest of the altcoin industry, volatility is high at the moment. With the price undergoing massive sell-off and surges on a 24-hour period, Ethereum has entered a transitionary realm when bears are losing their grip on the long-term. With consistent recovery since September 3rd, there was a high probability for Ethereum...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. Unlike other assets, XRP has found it more challenging to attain a consistent move upwards over the past few days. While top assets such as Bitcoin and Ethereum have reduced their losses from the drop...Read More
Bitcoin SV looked headed for a drop to recent lows at $150 while Dash formed a bullish pattern that was invalidated in the face of selling pressure. Ethereum Classic showed it was heading upwards, but could take a few more trading sessions to confirm bullishness. Bitcoin SV [BSV] Source: BSV/USDT on TradingView On longer timeframes,...Read More
Disclaimer: The following article attempts to analyze the emerging trends in the Litecoin long-term market and its impact on price. The Litecoin market has been witnessing increased volatility as it surpassed its immediate resistance at $49.5 and was being valued at close to $51. However, the digital silver could not hold on to this price...Read More
Bitcoin briefly slumped to $10,200 in the past couple of days as traders feared another sell-off but recovered swiftly to breach the $10,500 level and was trading at $10,737 at press time. Source: CoinStats However, evidence of BTC inflow to exchanges could forecast another wave of selling pressure for Bitcoin. Bitcoin Cash and Monero showed...Read More
EOS was/is a supposed competitor to Ethereum and a new place for smart contracts, DApps, etc. However, lately, it hasn’t amounted to much. Once positioned in the top-10 of CoinMarketCap’s rankings, EOS, at the time of writing, was the 12th-largest cryptocurrency in the market with a 24-hour price change of -2% and a -6.3% price...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 Many of the market’s cryptocurrencies failed to take advantage of the previous week’s period of recovery. Tezos was one of these crypto-assets, with XTZ’s movement upwards rather lackluster after the monumental drop...Read More
Bitcoin briefly spiked to $10,450 before dropping to $10,350, at the time of writing. However, short-term fluctuations might not faze investors one bit as BTC remains one of the market’s best-performing assets by a distance. Further down the cryptocurrency ladder, Tezos exhibited a falling degree of market volatility as traders and investors watched the crypto-asset...Read More
Bitcoin was trading around the $10,400-level, at the time of writing, a level that has proved crucial for it in the past. On the other hand, Cardano showed some bullish signs after a minor drop on the charts, with ADA looking to resume its climb. Further, while STEEM formed a triangle pattern that could see...Read More
Stellar Lumens registered a brief uptrend on the charts, before slumping. XLM, at the time of writing, needed to resume setting higher lows to inspire any bullish confidence. EOS too lacked a definite direction, exhibiting a lack of momentum over the past few days with its bearish outlook. Further down the charts, Algorand also showed...Read More
Bitcoin registered a drop from $10,500 to $10,350 a few hours ago, a drop that also pulled down Ethereum‘s price from $388 to $358. In fact, Ethereum might be primed for another sell-off as on-chain metrics paint a bearish picture for the cryptocurrency. That’s not all. At the time of writing, XRP lacked momentum as...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 After the 1st week of September saw the entire market painted in red, the 2nd week presented a window of opportunity for many cryptocurrencies, with most working towards some form of recovery...Read More
Bitcoin dropped from $10,550 to $10,350 as BTC moved into exchanges to take advantage of any spikes in price. Binance Coin noted some bullishness as well as the crypto, driven by developments in its ecosystem, surged to breach its previous resistance levels. Further down the charts, Polkadot exhibited bullish signals as well. On the contrary,...Read More
