“The time to buy is when there’s blood on the streets”, said Baron Rothschild. It could be difficult to discern whether the bloodshed has halted, or if there is more red to be seen. Tezos, Litecoin and Bitcoin Cash showed no signs of halting as they nosedived past support levels. A redeeming fact was that...Read More
When it rains, it pours – Thus goes the saying. Bitcoin found its ceiling at $12,000 and failed to break past it, despite multiple attempts. In fact, the euphoria surrounding Bitcoin and the market’s surging altcoins seems to have abated off-late too. While the Fear and Greed Index registered a reading above 70 for all...Read More
Cardano has failed to hold on to multiple levels of support over the past month after it looked set to consolidate at the end of an uptrend. Further, Binance Coin looked healthy as it soared above $25, only to be brought back to earth by the market-wide crash a few days ago. Ontology also had...Read More
In sync with most of the altcoin market over the past few days, XRP’s price also took a hit as it fell by close to 15 percent on the charts. Since then, the cryptocurrency has been confined below the $0.257 price range, a development that seems to have undone the gains XRP noted over the...Read More
Bitcoin was trading at $10,381 at the time of writing, after registering a low of $9966 yesterday. As long as Bitcoin does not close under the $10,000-level, a case can be made to suggest that it will be in a consolidation phase after the sell-off, above its support level. In fact, many altcoins noted massive...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in Litecoin’s long-term market and their impact on its price The rally is out and most of the market’s cryptocurrencies have lost their peaks as the market crumbled. Litecoin [LTC] was one of these cryptos, with the altcoin’s high correlation with Bitcoin [BTC] pushing it...Read More
Bitcoin slid down the price charts by nearly $2000 after falling from $12,000 on 1 September to $10,200 on 4 September. In fact, there could be more downside on the cards, with a Bitcoin CME gap at $9665 left unbridged. At the same time, Bitcoin Dominance picked up from 59 to climb to 59.94%, at...Read More
Earlier in the week, Bitcoin ended up losing over 5 percent of its trading value in around an hour’s time. In line with the crypto-market’s long-standing tradition, this price drop went on to affect the rest of the altcoins too, with BCH being one of them. Bitcoin Cash’s price action had looked promising all throughout...Read More
When Bitcoin dropped in value from $12,000 to $10,200 a few days ago, so did most of the crypto-market. Over a longer timeframe, however, it is likely that what BTC is noting is only a retracement in its bull run. That being said, the drop in question did take many traders by surprise. Further, while...Read More
The effects of Bitcoin’s recent collapse were far-reaching, with many of the market’s altcoins noting repercussions on their own price charts. The likes of Bitcoin Cash, Synthetix, and VeChain weren’t immune to these effects either, with all the value of all these alts falling dramatically. It should be noted, however, that the depreciation in the...Read More
For all the talk about an altseason, Bitcoin, the world’s largest cryptocurrency, continues to share high correlation stats with the rest of the market’s altcoins. This was very apparent over the last 72-hours as the larger crypto-market bled following Bitcoin’s incredible depreciation on the charts. The likes of Chainlink, IOTA, and DASH were among them,...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Ethereum short-term market and its impact on price. The Ethereum market has been synonymous with the tremendous growth witnessed in the cryptocurrency market. However, this week has been a bit brutal, as volatility caused significant price swings in the market. Ethereum which was...Read More
After a week of battling to regain position above $200 effectively, Bitcoin SV’s price finally gave in to the pressure of the bears as the collective crypto market fell. For BSV, it felt almost expected as the asset declined by 13 percent over the past day. The token also dropped in the rankings and is...Read More
Many in the community sighed with relief after Bitcoin arrested its fall on the 2nd of September by holding steady around the $11,300-mark. However, this wasn’t to last as over the next 24-hours, a bloodbath ensued, with the world’s largest cryptocurrency falling to under $10,300, at the time of writing. As is usually the case,...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the long-term Tezos market and its impact on the price Tezos [XTZ] was among the market’s best-performing assets in 2019. It has continued to do so in 2020, with the digital asset noting YTD returns of over 110%, at the time of writing. However,...Read More
In retrospect, LINK seems to have topped at $21. Since touching the aforementioned price point, LINK has slowly but surely headed down the charts, with the same valued at $14.56, at the time of writing. In fact, Chainlink’s market cap has fallen by ~$500 million in the last 24 hours alone. At the time of...Read More
The market value of most cryptocurrencies in the market got slashed when selling pressure increased across Bitcoin’s market. Due to the resultant price swing that followed, most of the market’s altcoins were trading in red, at press time. Cardano [ADA] Source: ADA/USD on TradingView During a recent AMA, Charles Hoskinson, the CEO of IOHK, discussed...Read More
Disclaimer: The findings of the following article should not be taken as investment advice, with the same deduced based on the immediate price activity of Bitcoin amidst strong bearish pressure in the market Between 25 August and 2 September, Bitcoin managed to re-test its support level at $11,150 thrice, with the resistance level at $12,000...Read More
All the following coins, XRP, Cosmos, and Maker, had a bullish outlook, with a 5-15% surge incoming. This could be due to the recent crash in Bitcoin’s price, crash that pulled down its value from $11,800 to $11,100. XRP Source: XRPUSD on TradingView XRP has been trending lower after hitting a temporary peak at $0.3255....Read More
Disclaimer: The findings of the following article should not be taken as investment advice, with the same deduced based on the current volatility in the Bitcoin Cash market With the collective market indecisive with respect to opting for a market trend, altcoins in the middle seem to be enduring a lot of the collateral damage....Read More
Since the start of the month, Bitcoin along with many of the market’s altcoins, has seen its fortunes take a turn for the worse. While Bitcoin continued to stay above the key $11k-mark, altcoins such as Polkadot lost close to 5 percent of its trading value yesterday. The drop, however, was not uniform across the...Read More
Binance Coin rose above the resistance level and looked likely to retest the same level to confirm a resistance-flipped-to-support zone. Ethereum Classic lost a support level and looked likely to be headed further downward. VeChain had recently shown signs of bullishness, and a reversal of its downtrend since reaching $0.022 highs. But it was rejected...Read More
Bitcoin SV showed a bit of bullishness and had hardly begun to move upward when the bears stepped in. IOTA on the other hand lacked momentum in either direction and was trading just above support level while Compound looked poised to drop to its immediate support. Meanwhile, the world’s largest cryptocurrency Bitcoin briefly saw a...Read More
Bitcoin rose from $11,200 a few days ago to trade at $12,000 just a few hours before press-time. However, the resistance again proved too strong for Bitcoin to surmount at present. This rejection can be linked to the fact that some of Bitcoin’s on-chain metrics looked weak. Altcoins such as Chainlink and Stellar did not show...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. The prediction should materialize over the current week. After falling bait to a bearish cycle back in mid-August, XRP has managed to turn its fortune around towards the end of the month. On August 27th,...Read More
Bitcoin witnessed a crash from $11,700 to $11,100 in less than an hour and has taken down a lot of altcoins with it. As seen below, most of the altcoins are bleeding red. CoinGecko showed that almost all coins in the top [excluding stablecoins] are all down by 2-6% in the last hour, with the...Read More
Debate raged on social media whether the strong rise of Ethereum’s price was organic demand for ETH, or whether it was all propped up by the DeFi explosion. However, a green Ethereum usually spells green for the altcoin market as well. Dash and Dogecoin seemed not to have received the memo, as they struggled to...Read More
Ethereum showed strong momentum as it zoomed past its resistance to post strong gains. It was eyeing the next level of resistance at $510 as an upside target in the coming days. Zcash showed a strong upward trend in the past few days while FTX Token was soaring to new heights, but might experience a...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. The prediction should materialize in the next couple of weeks. Mainly mirroring the end of July, the end of August seemed to have kickstarted another bullish rally for Ethereum. From the 2nd week of August...Read More
Binance Coin advanced steadily toward resistance after stepping out of a range it traded within for a few weeks. Dash showed bearish signals and could test support and even drop beneath support while Dogecoin continued to sustain the bearish sentiment. Binance Coin [BNB] Source: BNB/USDT on TradingView BNB appeared to trade within a range for the greater...Read More
