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
With Bitcoin breaking $10,000 for the third time this year and going on its maiden big-money move since the halving, prospects are high. Like all moves from four to five figures, this one was initially met with startling enthusiasm. However, given the market we’re in now, how long can the market sustain above $10,000? The...Read More
Bitcoin’s rally on 26 July marked the fourth time since May that the crypto-asset had re-tested its resistance at $10,000. On the previous three occasions, after reaching $10,000, an immediate correction had ensued. In fact, over the past few months, BTC’s struggles with the $10,000 level have been well-documented. Source: Trading View As observed in...Read More
With Bitcoin surging past $10,000 for the first time in two months and marking its first real big-money move since the halving, is the 2020 bull run here? Well, it’s still too early to say, and global markets are dealing with a host of challenges, but for Bitcoin to sustain this breakout and continue on,...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
Since its inception, Bitcoin has been the most popular payment tool among criminals operating in the markets of the darknet. Even today, with mainstream attention, global regulation, and billions in daily traded volume, the use of the decentralized, censorship-resistant, and universal cryptocurrency has not waned, but its sourcing has changed, which can open up a...Read More
Narratives are important. They underline not only the credibility of a certain market, but they also shape the direction such an industry will be taking. However, narratives often have a tendency to be fudged, exaggerated, and sometimes, be false. This cannot be truer for the cryptocurrency market, a sector that has often struggled to dissociate...Read More
Bitcoin’s darknet ambitions have changed since Silk Road During its early days, before Bitcoin became “fool’s gold” for get-rich-quick investors, it was used as the main currency on the darknet. Think of the darknet as the space under your bed, dirty, desolate; barely acknowledged, never cleaned. The only time you come in contact with it...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
Cryptocurrencies have tried to accomplish quite a lot in the last ten years. This is evident, particularly in the case of the world’s largest and oldest cryptocurrency, Bitcoin. From being positioned as a decentralized form of cash that rivals traditional fiat to being considered as a robust store of value that gives gold a run...Read More
Stablecoins have become the “staple food” of the cryptocurrency industry as they make the on/off-ramp easier and faster. Hence, stablecoins play a vital role in understanding the health of the cryptocurrency ecosystem. This article takes a look at the stablecoin market over the last 5 months and tries to understand the changes, be it an...Read More
The prevailing market is a perfect training ground. While some assets are fairing very well, others are not. With the current and foreseeable economic outlook fairly weak, some macroeconomic assets are proving their worth and adhering to prevailing narratives. Gold, the age-old safe-haven and once the economic standard for the world, is certainly behaving as...Read More
Bitcoin trading is not for the faint of heart. Traders in the cryptocurrency market have to contend with $1,000 hourly movements, while negotiating an array of exchanges to arbitrage, many of which pump fake volumes and have individual premiums and can employ leverages in triple-digits, opening the floodgates for liquidations. Given the above backdrop, the...Read More
The cryptocurrency industry has been about creating a new world of finance, one where people are in charge of their own money. Here, Bitcoin was supposed to be the alternative to the financial system, however, in time, it has become more reliant on “crypto-banks.”In fact, according to Matthew Black, CTO at Atomic Loans, most activities...Read More
Bitcoin, the world’s largest cryptocurrency, hiked by a significant degree a few days ago, a hike that came as a relief for many, especially for those who were getting concerned about the stagnancy on the price charts. Owing to its high correlation with the market’s alts, the rest of the market was quick to follow...Read More
The cryptocurrency ecosystem has evolved substantially over the past ten years, with increasing regulatory clarity enabling the likes of Bitcoin to gain the trust of a wider audience. The fact that institutional investors are now backing one of the most disruptive technologies of the past decade is a testament to this evolution. However, cybercrime and...Read More
Bitcoin and Ethereum are two of the most popular blockchains in the world. While Bitcoin was the first cryptocurrency, there’s not a lot of freedom to do with Bitcoin. However, Ethereum allows users to build contracts and other tokens that help build a whole new ecosystem. Due to its complexity, the Ethereum blockchain needs much...Read More
Disclaimer: The findings of the following analysis should materialize by the end of July After 6 weeks of steady consolidation and reduced volatility, Bitcoin is finally registering some movement on the price charts as it breezed past multiple resistances. After the crypto-asset’s exploits on 21 July, Bitcoin consolidated above $9333 for 24-hours, following which another...Read More
Gold is one of the world’s most precious metals, one often stored in large vaults to ensure its security. Many cryptocurrency users have often drawn parallels between Bitcoin and Gold, going on to term it a Store of Value [SoV]. Despite its stagnated price, however, many of its users are holding on to the digital...Read More
The DeFi ecosystem has come a long way since 13 March. After tumbling all the way down to $571 million in Total Value Locked (TVL) from a high of $1.28 billion on 15 February, all hope for its future seemed lost. This was one of the reasons why no one could foresee the explosive growth...Read More
The narrative of an “altcoin season” is spreading like wildfire, and rightly so. Since the start of June, Bitcoin has been extremely stagnant with respect to its price-performance. However, while it is doing so, other digital assets in the market have been lifting their game. In the past, Bitcoin would command a greater dominance on...Read More
The recently concluded quarter, Q2 of 2020, was a tale of two halves. In the first half, Bitcoin noted massive recovery after its worst crash in 7 years in March, while in the second half, the cryptocurrency saw unnerving consolidation, which has continued till today. What is peculiar during this phase was while the price...Read More
With Bitcoin’s volatility drying up, the other side of the grass does look greener; the other side being “DeFi.” With yield farming caching on, Bitcoin volumes are recording a stark decline on the charts. Between Bitfinex, Bitstamp, Gemini, and Kraken, the total average weekly volume has gone from being a little below 1.3 million BTC...Read More
Bitcoin might be trending on Twitter, but on its charts, it’s more of the same. Since hitting the $9,000 mark over two months ago, and despite numerous seismic events, including the halving, a massive derivatives expiry, and a Twitter hack, Bitcoin is still trading in the same range. Looking at the short-term chart of the...Read More
Owing to the relative youth of the cryptocurrency market, it is often accused of lacking in maturity. Even with institutional investors rushing in, there are grounds for arguing that the Bitcoin-led market is not completely mature. A reason why such doubts exist is due to the inherent volatility of the market, one where a cryptocurrency...Read More
Darknet transactions are so intrinsic to the Bitcoin ecosystem that to think of Bitcoin without such transactions would be to violate the core features of what makes the cryptocurrency truly decentralized. Even though it has been many years since the infamous Silk Road, Bitcoin’s first prominent e-commerce use-case, darknet transactions using the cryptocurrency have only...Read More
On July 15 several prominent Twitter accounts were hacked and a fraudulent Bitcoin campaign and address propped up as part of a coordinated attack. Among the celebrities targeted were Elon Musk, Jeff Bezos and Barack Obama. This high-profile scam saw the hackers make 12.86 BTC or $118,000. While this grabbed headlines in crypto and traditional...Read More
Defining Bitcoin and cryptocurrencies in mainstream terms has never been easy. After all, how can it ever be? Cryptocurrencies are revolutionary, they were never meant to be confined to the traditional definition of concepts. The example of how difficult it has been to define cryptocurrencies in legal terms is a case in point. However, whenever...Read More
Twitter, the social media platform that substitutes for Presidential proclamations these days, was hacked a few days ago, with a host of accounts hijacked to promote a Bitcoin giveaway scam of sorts. This wasn’t the first time someone has hacked into a Twitter account. However, what caught the eye of news media across the world...Read More
Despite many in the community speculating that the altseason may finally be here and Bitcoin may soon lose its starring role, most of the crypto-market continues to be dictated by the price movement of the world’s largest cryptocurrency. The fortunes of altcoins such as Ethereum Classic and Dogecoin are a case in point. Bitcoin [BTC]...Read More
