Bitcoin’s latest attempt to breach its immediate resistances on the charts seems to be successful, with BTC holding above $10,000, at the time of writing. However, while owing to high correlation stats many of the market’s altcoins did follow suit and surge themselves, these alts were soon noting corrections. The examples of Cardano, Tron, and...Read More
The fifth-largest crypto in the market, Bitcoin Cash seems to have suffered the same fate as many altcoins – a drop in price. This drop in price follows the altcoins’ correlation with Bitcoin, the world’s largest cryptocurrency. With BTC’s price surging higher, it would be logical for people to flock towards BTC and away from altcoins...Read More
There has quite a lot of price movement in the altcoin market in the past week. While Bitcoin has managed to go past $11K in the past few days, the price action of altcoins such as Chainlink, Cosmos, and Zcash in the past week do not present a unified narrative. Chainlink [LINK] Source: LINK/USD, TradingView...Read More
Be it in late 2017, mid-2019, or as recent as February 2020, with Ethereum, we have seen it time and time again – the largest altcoin would undergo a rapid rally and race right off the bat only to lose all its positive gains during its correction period. In comparison to Bitcoin which is currently...Read More
During the past few days, the crypto market has seen strong bullish momentum. Bitcoin saw its price go past strong resistances and currently has a trading price of $11,064 and a 24-hour trading volume of $9 billion. Source: CoinStats For the market’s altcoins, the past 24-hours have been fairly bullish with coins like Litecoin surging...Read More
Disclaimer: The following price prediction should materialize over the next couple of weeks. XRP proponents will be largely satisfied by the current performance in the digital asset industry. After breaching past an important resistance, XRP was trading above $0.222 for the first time since early March. The bullish rally also allowed the asset to reclaim...Read More
For many of the market’s altcoins, a rally was in the works even before Bitcoin’s price hike that enabled it to go past $11k took place. However, in the past day’s time, strong bullish momentum in the altcoin market has seen a dip. For the second-largest altcoin Ethereum, the past 24-hours’ price action hasn’t been...Read More
Disclaimer: The following article attempts to analyze the evolving trends in the Bitcoin Cash market and its impact on the price. Bitcoin Cash’s spot market has been moving with great vigor as the asset tried to rise higher. Over the past few days, the consolidating price of Bitcoin Cash [BCH] began marching upwards, which resulted...Read More
Disclaimer: The following price prediction does not foresee a clear price position as of now due to the lack of a price pattern. Ethereum’s price movement over the past week has been astonishing. Witnessing a massive 40 percent hike since the 26th of July, the largest altcoin has brushed past key resistance, while registering a...Read More
The Bitcoin market witnessed a boost in its price on 27 July. The price of the largest crypto jumped 13% in a day, as the price escalated from $9,933 t0 $11,263. The major alts in the market also followed the coin in its upwards journey, especially its hard fork, Bitcoin Cash. Bitcoin Cash [BCH] Source:...Read More
Disclaimer: The following article attempts to analyze the evolving pattern in the XRP short-term market and its impact on the price. The price of the largest cryptocurrency Bitcoin [BTC] escalated on 28 July causing the major alts to witness a brief period of volatility in the market. The fourth-largest cryptocurrency, XRP which had been under...Read More
The digital asset industry has collectively surged by 18.34 percent over the past couple of days. The total market cap had increased from $283 billion to $335 billion, however at the time of writing it was down to $316 billion. At press time Bitcoin was being traded at $10830 with a 24-hour trading volume of...Read More
Litecoin, the 8th most valuable cryptocurrency in the market is having an unexpected bullish swing. Even with Bitcoin noting a market rise, few predicted digital silver to be leading the top-10 in price action, but at press time, LTC’s 9 percent 24-hour increase is the highest among the top cryptocurrencies in the market. Amassing a...Read More
Disclaimer: The findings of the following analysis may or may not materialize within a week as the variables involved and in consideration are too precarious for the year 2020 Bitcoin is treading deep waters again. In fact, the world’s largest digital asset has traded in this range only thrice over the past 7 months. Hence,...Read More
Disclaimer: The findings of the following analysis should materialize within the next 24-48 hours With Bitcoin and Ethereum leading the price rally over the past few years, it was fairly obvious that major altcoins in the top 10 would take some part in the rally as well. The narrative was the same for Bitcoin SV,...Read More
Altcoins may have driven the crypto-market over the past few months. However, Bitcoin was again in the driver’s seat this week after the world’s largest cryptocurrency hikes considerably, going on to break all its immediate resistance levels. The effect on the rest of the market was instant, with the likes of Cardano gaining exponentially. However,...Read More
While the story of the day is Bitcoin’s move and consolidation above $10,000, the altcoins with momentum already in the bag are surging. Chief among the altcoins in market capitalization is Ethereum, with the second-largest cryptocurrency in the market shooting through the roof. Buoyed by the Bitcoin breakout, Ether has mounted a market capitalization of ...Read More
The latest hike in Bitcoin’s price came at a good time for the rest of the altcoin market. While many were under the impression that the same had exhausted all its momentum, Bitcoin’s performance gave fresh impetus to altcoins to rise again. This was the case for alts such as Litecoin and Tron. However, others...Read More
Bitcoin has recently concluded one of its best trading weeks of the past three months with a move over $10,000. Since the beginning of the week, the premier cryptocurrency has seen a 6.5 percent price increase which has taken it past $9,600 and then past the five-figure mark after a month of trading in a...Read More
Cardano has been the most dominant altcoin in the market since it recouped 100 percent of its lost price in June. At press time, it is posting a double-digit 24-hour price gain, the highest among the top-10 and occupies the 6th spot on the coin ladder, with a market capitalization of $3.83 billion, ahead of...Read More
Disclaimer: The findings of the following article attempt to analyze the short-term trends forming in the Litecoin market and its impact on the price. Litecoin’s price rise has been nothing short of expected and unexpected. Expected because being digital silver to digital gold, the cryptocurrency was bound to see an anchor-effect of a Bitcoin rise....Read More
The last few days have seen the crypto-market note a trend reversal of sorts. While most large-cap cryptos like Bitcoin and XRP finally saw some price movement that pushed these cryptos up the charts, few of the past few months’ best-performing cryptos like Chainlink and Tezos registered corrections. The latter’s movement was especially interesting since...Read More
EOS and Ethereum Classic were among the altcoins to profit from the appreciation in Bitcoin’s price a few days ago, a development that came on the heels of U.S regulators giving the green-light to national banks with respect to crypto-custody services. However, not all alts followed the lead, with some like Basic Attention Token refusing...Read More
Bitcoin surged past $10,000 for the first time in over two months marking the cryptocurrency’s big-move since its halving. Since early-May 2020, amid economic strife, the cryptocurrency was locked in a tight-channel, trading between $8,800 and $9,500 with no hints of a move above or below, until today. At 0500 UTC Bitcoin began its move...Read More
Despite more and more people predicting that an altseason might be on the horizon, Bitcoin continues to be the market’s most dominant cryptocurrency with a share of over 60%. In fact, Bitcoin catalyzed the crypto-market over the last few days by noting a significant hike after the OCC announced that nationally chartered banks in the...Read More
Disclaimer: The findings of the following article attempt to analyze the long-term trends forming in the Litecoin market and its impact on the price The cryptocurrency market has been struggling under a lot of pressure lately, a development that has inhibited its growth. Such downward pressure was shared by many of the market’s cryptos like...Read More
Disclaimer: The findings of the following analysis attempt to foresee Bitcoin Cash’s price movements until the second week of August Bitcoin Cash’s price has continued to find it very difficult to go past its 12 March price levels. Over the course of the past few months, BCH’s price has continued to bounce between $215 and...Read More
Disclaimer: The findings of the following analysis attempt to foresee XRP’s price movement over the next 24 hours Over the past 7 days, XRP‘s value has registered over 10 percent in growth. However, the past few months haven’t been particularly inspiring for XRP’s price action, especially after having lost out to Tether in terms of...Read More
According to many in the crypto-market, the altseason may be soon upon us. That may be the case, however, the fortunes of these altcoins continue to be tied at the hip with that of Bitcoin. The latest price hike in the latter’s value was a case in point, with cryptocurrencies like Tron and Zcash climbing....Read More
Despite the fact that the market’s altcoins have done well lately, the fact of the matter is that Bitcoin, the world’s largest cryptocurrency, continues to hold a market share of over 60%, a share owing to which it has high correlation indices with the rest of the market. However, the effect of BTC’s movement, especially...Read More
