Comparing different cryptocurrencies is often a futile task. Even so, many enthusiasts pay close attention to the Bitcoin Dominance Index, which continues to drift lower week over week. For some time now, Bitcoin has been losing dominance over the altcoin markets. Bitcoin Dominance Index is Slipping Again While the slippage remains relatively limited overall, it...Read More
To say that this week has been a wild ride is definitely an understatement. Bitcoin’s price went nuts and kept everyone on edge. In the span of 24 hours, BTC went to surge from $9,400 to almost $10,500 and then back to $9,400 and even lower down to $8,600 on BitMEX. This whole ordeal saw...Read More
The month of May was filled with volatility as the price of Bitcoin kept swinging constantly. Despite the sell-off in the market, the value of BTC remained above the $9k resistance. While the first da The post Bitcoin, Ethereum perpetual contracts on Binance register growth appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
The past few days have been relatively exciting in the cryptocurrency market. Bitcoin managed to reclaim the $9,000 level but it appears that bulls might be running out of steam. At the same time, despite the fluctuations in its price, large-cap altcoins failed to make any serious advances as most of them remain more or...Read More
Discussions around Bitcoin and cryptocurrencies, in general, have reached the high seats of investment banking. This becomes clear as the behemoth multinational investment bank Goldman Sachs hosted a conference call headlined US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin. Perhaps somewhat expectedly, the banking giant used its platform to bash...Read More
Over the past 24-hours, certain altcoins noted steady inclines, but a break away from the overall bearish trend seems unlikely. Cardano, Steem, and Algorand, collectively improved their valuation but The post Cardano, Steem, Algorand unable to sustain rally appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
XRP’s price, despite a minor upside break, has failed to breach any significant resistances. In 2019, XRP was one of the worst-performing assets among the top ten cryptocurrencies by market cap. This The post XRP in for another negative breakout as 200-moving average resists upswing appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
It is evident that Bitcoin remains the world’s leading cryptocurrency across the board. The number of daily active averages for Bitcoin is well ahead of any altcoins, further confirming that alternative assets aren’t gaining any real adoption. When it comes to the cryptocurrency industry, Bitcoin is the go-to option. Bitcoin is the Crypto Asset That...Read More
Bitcoin took another shot at $10,000 today as its price reached $9,960 on Binance. However, unlike the previous times, altcoins are looking to regain their strength as they managed to chip more than 1% of BTC’s dominance in the past few days. Bitcoin Price Takes Another Swing At $10,000 Volatility doesn’t seem to fade in...Read More
Omisego remains among the best-performing cryptocurrency this week following a massive 35% surge in a few days. The bulls regained control of the market after a week downward correction. After touching $1 mark today, the price is now facing crucial resistance levels. OMG/USD: Omisego Touched $1 After Huge Breakout Key Resistance Levels: $1.14, $1.372 Key...Read More
Bitcoin buyers on Coinbase tend to go on to experiment with altcoins, and BTC could be acting as a gateway drug. That’s according to new research by Coinbase, which showed that among customers with at least five purchases, those who bought Bitcoin first were more likely to spread out into the altcoin market too. The...Read More
Bitcoin had a very lucrative few days of trading as its price increased with roughly $1,000 since the halving took place. As it pushed above $9,500 today and its dominance increased, however, large-cap altcoins continue to suffer and fail to claim serious ground. Bitcoin Price Pushes Above $9,500 At the time of this writing, Bitcoin’s...Read More
Block 630,000 was mined yesterday, and with it, the third Bitcoin halving was successfully completed. From here on, miners will receive 6.25 BTC for adding new blocks to the network. The hours before the event were fairly turbulent for BTC’s price, but it seems that it has calmed down, at least for now. Bitcoin Price...Read More
The past couple of months have been nothing but a wild ride for Bitcoin. In the middle of March, when the coronavirus started to spread in the Western World, and markets reacted swiftly, BTC lost more than 40% and tumbled to $3,600. Now, less than two months later, the price is not only fully recovered...Read More
Bitcoin, the world’s largest cryptocurrency, seems to be gaining steam as the much-anticipated block reward halving approaches. While many did expect Bitcoin to surge to new heights by this time, the The post Bitcoin’s weekly surge leaves EOS, BAT behind in its wake appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
Bitcoin’s price has been recovering steadily since the crash in mid-March. With it, most of the altcoins are also growing, charting notable increases altogether. However, BTC is also taking over the market as its dominance has been going up continuously. Bitcoin Dominance Highest Since January 2020 Bitcoin’s dominance is the index that measures the cryptocurrency’s...Read More
Ethereum and Tezos – The two altcoins have been making a lot of headlines lately. While ETH is making waves with its ETH 2.0 upgrade, Tezos has been in the news lately for becoming the biggest staking The post Is Ethereum at the risk of being outperformed by Tezos? appeared first on AMBCrypto. The post...Read More
At the time of writing, the cryptocurrency market was in a consolidation phase. And while many coins are yet to breach crucial resistances, their prices maintained a gradual upward trend with minor pu The post VeChain, EOS, Chainlink Price: Uncertainty in price the only certainty appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
Stablecoins issuance is not artificially inflating the prices in the cryptocurrency market, despite some controversial beliefs, suggested new research on the matter. At the same time, the paper acknowledged their vital role in the digital asset field and predicted that it’s only prone to grow in time. Tether Do Not Inflate The Crypto Market Last...Read More
Cryptocurrency prices are quite susceptible to news, according to a recent paper. While, somewhat unsurprisingly, adverse announcements lead to immediate sharp declines, the establishment of clear regulations tends to mark serious market gains. Crypto Reactions For News And Regulations The report compiled by the Federal Reserve Bank of Dallas initially questioned the efficiency of instituting...Read More
The most widely used American cryptocurrency exchange, Coinbase, reported increased $1,200 deposits yesterday. Interestingly, this coincides with the stimulus checks for the same amount that the U.S. government began sending this week to fight the financial struggles caused by the coronavirus pandemic. Record $1,200 Coinbase Deposits According to data provided by Coinbase CEO Brian Armstrong,...Read More
A new study compiled on cryptocurrency usage outlined that people are mainly using them for regular day-to-day purchases such as food and clothes. It also indicated that there’s a significant room for adoption, as only 16% answered that they had previously bought any digital asset. Bursting Myths: Cryptocurrency Usage Cryptocurrency payment transfers are much more...Read More
Markets across the board are marking tremendous increases since the beginning of the week. The largest indexes are charting notable gains despite the continuously spreading coronavirus as well as other concerns such as the escalating number of job loss claims in the US. The cryptocurrency market follows as absolutely every coin in the top 20...Read More
The dreadful situation in Spain caused by the COVID-19 outbreak is not delaying local authorities to send notices to taxpayers. Those include traders and investors in cryptocurrencies, who have quadrupled in the past year to 66,000. Spain To Tax 66k Crypto Investors The Spanish Tax Agency (Agencia Estatal de Administracion Tributaria or AEAT) began sending...Read More
Bitcoin saw a notable increase in its price throughout the past 24 hours. However, large-cap cryptocurrencies failed to gain any serious grounds against BTC as all top 20 altcoins have decreased in value over the same period. At the same time, Bitcoin’s dominance is also increasing substantially during the past four days. Altcoins Un-Season: Majors...Read More
The last few days were quite turbulent for Bitcoin and the entire cryptocurrency market. BTC went to retest the support at $5,800, losing $800 of its dollar value in the process. However, it has since bounced, and it’s currently trading at another important support level at $6,300. BTC/USD. Source: TradingView This weekend saw $5,850 as...Read More
Over $1 billion worth of stablecoins is currently stored on certain cryptocurrency exchanges. Such an extensive amount sitting on the sidelines begs the question if traders are simply waiting for a definitive bullish sign to reenter the market. Over $1B Worth Of USDT and USDC On Exchanges As Cryptopotato reported earlier this month, most stablecoins’...Read More
In the past seven days, bitcoin managed to add another 10% to its dollar-value as the price spiked from about $6,000 to its current point at $6,600. Yet, most of the time, it traded within a narrow range between $6,400 and $6,700. The overall volume has also declined, and, as such, the volatility decreased. If...Read More
Amid the latest price developments in the cryptocurrency market, Bitcoin’s dominance has increased to over 66%. Most alternative coins are in the red when compared to BTC’s 13% surge in the past 24 hours. BTC Dominance Rises BTC’s dominance index tracks the relative share of Bitcoin in the entire cryptocurrency market. During the numerous cycles...Read More
The price for STEEM has surged a massive 180% today before retracing upon the news that Binance and Huobi will support the hard fork to split the blockchain and produce another one called Hive. Binance And Huobi To Support Hive As Cryptopotato reported, Hive will be a new blockchain that will be forked off the...Read More
