On Tuesday, the crypto market mounted a strong recovery, with the prices of Bitcoin, Ethereum (ETH), and other digital assets strongly bouncing off the weekend lows. At Tuesday’s local peak, BTC was trading 8.4% higher than the weekend low of $9,500. And Ethereum had rallied some 20 or so percent from the weekend low. While...Read More
2019 was an important year for the digital asset industry, with not only the cryptocurrency market doing well, but talk of CBDCs marking a milestone for the industry too. In a recent interview, Mati Greenspan, Founder of Quantum Economics, touched upon CBDCs, as well as the events that may drive up Bitcoin‘s price in 2020....Read More
With the crypto-market’s attention presently focused on price movement, many fundamental metrics have undergone critical changes over the past month or so. According to skew analytics, WBTC has been at the head of a crucial development in the ecosystem since 19 January. WBTC, or Wrapped Bitcoin, is an ERC20 token based on Ethereum which is...Read More
Over the past four days, Ethereum has recorded significant price volatility. After registering a significant dump of around 18 percent over 15-16 February, the market’s 2nd largest crypto-asset jumped right back above the $270 mark. Over the past 24 hours, Ethereum had recorded a positive turn around of 8.01 percent, with a market cap of...Read More
The golden cross which took place recently didn’t immediately project the violent pump expected by the market, though there might still be hope for ETH yet. According to CoinMarketCap, Ethereum has a market capitalization of over $27.12 billion, with over $26.82 billion worth of ETH traded in the last 24 hours. Ethereum 1-hour chart Source:...Read More
The second half of 2019 saw Litecoin depreciate by over 75%, and while LTC has seen over 120% gains since the start of this year, it’s also important to note its 52% gain since this time last year. With most altcoins positioned to move up in the weeks to come, LTC might be in for...Read More
Bitcoin’s volatility may scare many investors away from the cryptocurrency ecosystem but at the same time, its rapid price rise is also alluring to many. In fact, it has played an important role in capturing the minds of institutional investors, governments, and casual observers. In 2020 alone, Bitcoin broke the crucial $10,000 mark. Further, many...Read More
The collective digital asset market cap has registered a spike of 65.14 percent since 1 January. That is over $100 billion in less than 2 months, which is why a majority of the space is completely convinced by the bull-run bandwagon. Keeping some of the major crypto-assets aside, a few mid-cap cryptocurrencies are exhibiting significant...Read More
The altcoin market has slowly begun to rally and XRP, in particular, has risen by 75% since the start of 2020. Other altcoins like Bitcoin SV have surged by over 200% since the start of 2020 as well. At press time, the price of XRP was recorded to be $0.3275, and this is after its...Read More
One of the biggest concerns for governments and traditional investors across the world regarding cryptocurrencies is the popular misconception that these have the potential to facilitate bad actors. A recent report by CipherTrace Labs found that individuals are operating illicit crypto-Money Service Businesses (MSBs) at 8 out of 10 U.S retail banks whereas in Europe,...Read More
As has been the case with almost all cryptocurrencies so far this year, Litecoin has made substantial gains over the last five weeks. Sporting a price tag of around $74 at the time of writing, Litecoin has a market capitalization of $4.72 billion according to CoinMarketCap. Litecoin 1-day chart Source: LTCUSD on TradingView At its...Read More
Bitcoin Cash started 2020 at around the $200 level, quite a far cry from the cryptocurrency’s all-time high value. Since the start of the year, however, BCH rose by nearly 125%, valued at around $456 at the time of writing. According to CoinMarketCap, Bitcoin Cash had a market capitalization of over $8.2 billion, with nearly...Read More
Bitcoin’s surge past the $10,000 mark is, according to many observers, an expected bull run before the halving event slated for later in the year. With Bitcoin’s halving, the scarcity of the king coin is going to increase dramatically and may cement its position as a significant competitor to gold. In a recent Tales from...Read More
Litecoin and other altcoins are certainly experiencing an altcoin rally, however, it’d be premature to call this an ‘alt season’. As for Litecoin [LTC], it has surged by a whopping 105% in just 37 days, pushing its price from $38 to $78. The market cap of Litecoin has doubled from $2.5 billion to $5 billion....Read More
Over the past few days, Ethereum has been one of the top-performing crypto-assets in the industry. The token recently breached the $200 mark and since 5 February, the crypto-asset has surged by over 20 percent. Bitcoin recorded a hike of 7.75 percent over the same time period. At press time, Ethereum was priced at $225.30...Read More
According to Coinmarketcap, a total of 5093 digital assets currently exist in the industry, at press time. This is a significant number since the larger crypto-community is involved in the investment and development of only a handful of these crypto-projects at the time. And while questions about the larger sustenance of the crypto-market remain, Bitcoin...Read More
Cardano has seen a lot of positive movement this year, with the ADA token recording significant gains in the first month of 2020 alone. However, this might not be the end of its glory days as some bullish movement looks plausible in the short to medium term. At the time of writing, ADA had a...Read More
The second-largest cryptocurrency aka Ethereum [ETH] has pumped more than 7% in the last 4 hours or so. In terms of BTC, it has pumped by 4.25% making 1 ETH equivalent to 0.0202 BTC at press time. However, this rally is running on fumes and is bound to head lower in the upcoming day. Pumping...Read More
Over the month of January 2020, the top assets have undergone continuous re-shuffling in terms of ranking, with Litecoin and EOS engaged in a close battle for the 7th position. At press time, Litecoin held a small lead of $10 million over EOS with a market cap of $3.98 billion. The silver counterpart for Bitcoin...Read More
Ethereum’s valuation received another boost over the past 24-hours as the price spiked from $170.36 to $186.40. Major resistance at $175.06 was breached in the process as the asset managed to cross the $180 mark. At press time, Ethereum continued to consolidate above at $182.78 but major indications for a pullback were surfacing in the...Read More
Bitcoin’s price has been surfing turbulent waters over the past 3 months. Dipping to $6900 and spiking up to to $9400 in a span of 90 days, marked a volatile 3 months for the largest digital asset. However, Bitcoin’s difficulty and the hash rate continued to rise over the past 90 days. BTC’s difficulty and...Read More
$7000, $8000 and now $9000! Bitcoin continued its new-found bullish momentum, breaching past its recent major resistance at $9000. The latest spike marked the sixth time BTC marched above the 9000 range since its inception, triggering major bullish sentiment among the king coin enthusiast. Source: CoinStats With the big $10,000 resistance again under its radar,...Read More
Over the past 3 days, Litecoin registered a 15.12 percent growth on the back of another spike, as its valuation crossed the $60 dollar mark. At press time, LTC’s price remained just above $60. 1-hour chart LTC/USD on Trading View The 1-hour chart of Litecoin exhibited consistent growth registered after over the past 5 days,...Read More
Since the start of January, the mid-cap crypto index had registered collective growth of over 50 percent till the end of 3rd week. The small-cap crypto index registered a positive spike with well over 35 percent returns since January 1st. The sentiment has been subdued a little over the past week, as according to Coinmetrics’...Read More
Since XRP’s brief tryst with the $0.25 level on January 18, the cryptocurrency saw a steady decline over the following week to under $0.21. However, XRP has risen in value since then to around $0.232 at the time of writing, and the coin’s aspirations of meeting the $0.25 level again may be finally within reach....Read More
September 2019 saw ETH drop from $220 to $254 in just a matter of days, and Ethereum hasn’t been able to move back above the $210 mark ever since. However, the daily chart indicated that this level might not be out of reach for much longer. CoinMarketCap showed, at the time of writing, ETH with...Read More
A little bit of pessimism is a healthy perspective, especially when you are keeping pace with the digital assets industry. After Bitcoin‘s momentous surge this month, the past week’s correction of 6 percent has made some bulls in the market quite uneasy, with many fearing a drastic pullback below the key support range of $8100-$7900....Read More
After briefly touching the $9000 mark on 14th January, the largest digital asset consolidated for the next 8 days. The slump arrived on 23rd January, which resulted in a 4.41 percent drop and the bears surfaced again. However, Fundstrat’s Tom Lee remained unfazed. According to a recent segment of CNBC’s Fast Money, Lee believed that...Read More
It seems like we’re just not content with a bullish scenario involving Bitcoin; a bearish narrative is always around the corner! After a 6 percent drop over the last 3 days, the community speculated whether the upcoming Chinese New Year will have yet another bearish setback on BTC‘s price. A historical storyline that has played...Read More
It is a great time to speculate prices in the digital asset industry with the apparent presence of bulls in the market. January 2020 catalyzed the dormant markets, and the curiosity of various analysts was piqued, on whether the current momentum would persevere over the next few weeks. Ethereum’s valuation surged past $160 mark on...Read More
