Bitcoin Cash, at the time of writing, was showing signs of bullishness, with the asset attempting to reverse the downtrend of the past few days. However, a confirmation of the same could still take a few days on the charts. On the contrary, DigiByte was struggling under strong bearish momentum. Further, Cosmos noted excellent gains...Read More
Many major altcoins showed signs of reversing their recent downtrend. Binance Coin appeared to be caught in a range and consolidating. Tezos has been steadily dropping since hitting an ATH. Enjin approached a region of confluence and any break-out from this region can be expected to be a strong move. Binance Coin [BNB] Source: BNB/USDT...Read More
BAT lacked a significant trend in the short-term as it retraced to important levels after a recent surge. EOS could be flipping from bearish to bullish momentum. Litecoin continued to show bearishness. Basic Attention Token [BAT] Source: BAT/USD on TradingView BAT was trading at the 38.2% retracement level, after its spike to $0.443. It briefly...Read More
XRP was trading near an important zone, above which is possible safety. Failure to close above this level could mean XRP might be in store for a significant drop. Chainlink showed strong bullish momentum that could propel it towards ATH once more. Dogecoin lacked notable momentum but could reclaim a resistance as support in the...Read More
Cardano’s descent has been quick and steep but the coin looks primed for a reversal. At press time, the coin needed to drop to immediate support before it can actually reverse the downtrend. Dropping from the 8th rank, ADA had a market cap of 3.58 billion and had seen an 8.1% decline in the past week...Read More
Yield farming has been quite the rage lately, with some going as far as calling it the “rocket fuel” that DeFi needs. The hyperbole is well and good, but the question remains – Is Yield Farming the real deal? Or is it yet another one of those brief fancies that often catches the eye of...Read More
Cryptocurrencies and their proponents take a lot of pride in the former’s decentralized nature. In fact, if you ever hear someone pitching Bitcoin to someone else, you can be pretty sure that decentralization and a lack of central authority will be one of the first features he/she will highlight. A pitch like that is well...Read More
Bitcoin dipped to $11,200 zone after reaching $12,500 in the past two weeks. This downward move caused losses across the market, with some coins seeing much of their recent gains wiped out. As Bitcoin regained strength, so did many of the major altcoins. Bitcoin Dominance was at 61.03 at the time of writing and trending...Read More
Bitcoin SV had been on a downtrend for the better part of August; Algorand showed signs of lowered volatility and pointed toward consolidation. Steem registered large moves both upward and downward, and indicated where good trading opportunities were. Algorand [ALGO] Source: ALGO/USDT on TradingView ALGO set a local high at $0.75, but was forced back....Read More
At the time of writing, Bitcoin seemed to have briefly reclaimed the $11,500-mark, before dipping into the mid-$11,400’s, again. The world’s largest cryptocurrency showed some bullish signals on the charts, however, and could reclaim $11,800 if buyers seize control. Similarly, IOTA appeared to have broken out of its downtrend and looked ready to initiate an...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price Litecoin’s price had been consolidating between $40 and $50 for a long time, post the Black Thursday crash in March. Despite being the 7th largest cryptocurrency by market cap, the coin did, however, note quite...Read More
At the time of writing, Ethereum was trading just beneath a level that could be pivotal for setting an uptrend. Failure to breach this resistance might consign Ethereum to testing lower ranges on the charts for a while. Further, Algorand and Decred were noting very little momentum in the market, with traders watching from the...Read More
Binance Coin regained most of the losses following its most recent pullback, with BNB prepping for another upward move on the charts. At the time of writing, VeChain was showing strong bearish signals, while also exhibiting signs of a potential reversal that could play out in the coming days. EOS was another cryptocurrency that was...Read More
Tezos and Monero seemed to be caught in a downtrend from mid-August. However, while Tezos showed signs of continuing bearish momentum at press time, Monero might just have turned a corner by showing signals of bullishness. Dogecoin remains the Internet’s favorite memecoin, but traders and investors seem to have lost their interest in the asset....Read More
Neo, a public blockchain and smart contracts platform announced that it has integrated with the Coinbase-led open-source project Rosetta. Neo integrates with #Rosetta, an open-source project led by Coinbase. We look forward to work together with Rosetta improving protocol integration processes in order to build the next-gen Internet.https://t.co/Nl8nF3OW4G — Neo Smart Economy (@Neo_Blockchain) August 28,...Read More
The international energy company, Equinor plans to repurpose gas flaring from U.S oil fields to support Bitcoin (BTC) mining, according to a new report from Arcane, a cryptocurrency market research hub. Arcane Research said that it received screenshots from Equinor’s blog that detailed the company’s plans to use natural gas, instead of flaring it, in...Read More
Disclaimer: The following article expands on what might be expected from Bitcoin SV’s price movement over the next few weeks Bitcoin SV’s downtrend started the day it registered its high of $260 on the 2nd of this month. While the forked asset managed to recover from $197 mid-month, over the last week, the bearish pressure...Read More
A persistent market downtrend has been the norm over the past few days, with Bitcoin’s price fortunes having a ripple effect on the rest of the market’s altcoins. This was the case with Chainlink, Zcash, and Ethereum Classic as well, and it is likely that these altcoins will continue to note significant corrections on the...Read More
After weeks of bullish movement, it would seem that the larger crypto-market has come to a grinding halt, with bears ruling the roost now. When Bitcoin gradually fell on the charts after having failed to sustain a beach of $12k, so did the market’s altcoins. At the time of writing, most of these alts, including...Read More
U.S. officials like the FBI, US Treasury, US Cyber Command, and the Cybersecurity and Infrastructure Security Agency issued a warning against North Korean hacker group ‘BeagleBoyz,’ which have resumed its attacks on banks and ATMs around the world. The officials also revealed that the hacker group was behind lucrative cryptocurrency thefts. The alert said that...Read More
The cryptocurrency market has provided an alternative to the age-old banking system, with the year 2020 at the fore of showcasing its ability to swiftly bounce back after the pandemic hit global markets. More and more people have been shifting their focus to Bitcoin and other cryptocurrencies as a hedge against global events. Joining Bitcoin...Read More
Circle, a peer-to-peer technology that enables payments in cryptocurrency and San Fransisco based exchange Coinbase announced that they have upgraded the USDC stablecoin protocol and its smart contract. Both Circle and Coinbase are members of the Centre Consortium that manages USDC. Together, the firms aimed to make the payment process easy for people who use...Read More
As the rallying market came to a grinding halt over the past week, most cryptocurrencies recorded corrections on their charts. The impact of the downtrend suffered by the Bitcoin market was also shared by its hard fork, Bitcoin Cash [BCH], as well as other major cryptos in the market, including the likes of IOTA and...Read More
Tezos, the cryptocurrency ranked 14th on the charts with a market cap of $2.38 billion, has been hurt following the token’s recent depreciation. The fall in question was worth around 26%, with respect to the price’s press time position at $3.29. There are two trades that can be taken here; the first is the short...Read More
Sygnum, a digital assets bank in Switzerland announced in a release that it enabled the world’s first e-commerce transaction that involved using a stable coin. The transaction took place on the shopping site Galaxus which is one of the biggest retailers in Switzerland. The stablecoin which is known as DCHF or Digital Swiss Franc was...Read More
Synthetix is the only bullish crypto among the likes of Ethereum and Maker, with the latter two pointing to a bearish retracement on the charts soon. Ethereum’s development has been slow. However, altcoins like Synthetix and Maker are playing a crucial role in DeFi – a budding ecosystem. Ethereum [ETH] Source: ETHUSD on TradingView Stuck...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Chainlink’s long-term market and its impact on the price The last few weeks have contributed to the crypto-market noting a rally and later, a correction. Chainlink [LINK] has proven to be a popular altcoin lately, with its low correlation with the...Read More
With the present market overwhelmingly bearish, many major altcoins seemed to be struggling to hold their high valuations on the charts as a series of corrections ensued. While the decline has remained minimal over the last 24-hours, the charts of a few crypto-assets seemed to suggest that further downtrend movement could follow in the coming...Read More
The cryptocurrency market witnessed a slow week. The values of major crypto assets were witnessing corrections. However, on one hand, where major assets were reporting only 9% gains in August, small-cap assets were up by more than 50%. XRP Source: XRP/USD on TradingView The XRP market had been deprived of volatility since the second-half of...Read More
Bitcoin was trading beneath its support zone at $11,400 while Ethereum also dipped to support at $371. The weak performance of these giants prompted other coins to follow suit. Zcash and EOS have also been caught in a downtrend and showed no signals of reversing the trend. Algorand showed a possible bull pattern but it...Read More
