Bitcoin Dominance remained steady at 62.87%, at press time, but Ethereum instilled some courage in the altcoin market bulls after its hike that took it past $550. Tezos and Augur noted some short-term bullish momentum over the past few days, while Verge did not see either the buyer or the seller side seize the initiative...Read More
The altcoin market, at the time of writing, was on its way towards recovery. Ethereum flipped $550 to support and rose steadily on the charts, prompting alts to climb alongside it. EOS and Basic Attention Token had a bullish outlook in the short-term, having recouped nearly half the losses following the recent drop. Finally, VeChain...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Cardano recorded a stark surge in its price, despite its drop of 30% following Bitcoin’s correction on the charts. Altcoins are the ones that suffer the most due to Bitcoin’s volatility and the same...Read More
The altcoin markets appeared ambivalent in the short-term, at press time, after registering a sharp drop followed by moderate recovery on the charts. XRP held steady over a level of support and its recent pullback was not enough to change the bullish outlook for XRP on the longer timeframe. Zcash sent some mixed signals while...Read More
Ethereum appeared to form a strong region of demand around the $500-zone, a bullish development for the crypto’s long-term outlook. In fact, ETH has been climbing steadily over the past few days, something that could be bullish for a part of the altcoin market. And yet, taken individually, some of these coins had a short-term...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin has started its rollercoaster ride yet again. This has contributed to longs worth billions being liquidated as a result. As long as we have high volatility, we can expect this trend to continue...Read More
Bitcoin’s dominance was holding steady at the time of writing, with the same noting a figure of 62.92%. While the altcoin market appeared to be recovering from the recent price shock, some of these cryptocurrencies could record further losses on the charts. Tron, for instance, formed a bearish flag while Ontology was in a short-term...Read More
NEM‘s strong performance over the past couple of weeks could see a setback after it formed a bearish reversal pattern on the charts, a development suggesting that it might lose a level of support at $0.169. Further, while Stellar Lumens was heading towards a level of support at $0.18, DigiByte was oscillating between two levels...Read More
Some of the market’s large-cap altcoins initiated a recovery on the charts after seeing their value slashed in a matter of hours, following Bitcoin’s own retracement. While Binance Coin’s recent gains were backed by bullish momentum, Waves did not register significant selling volume, even during the latest drop. Finally, Enjin showed that its market was...Read More
The market cap of all cryptocurrencies was valued at $513.7 billion, and Bitcoin commanded a 62.92% share of that valuation. Although Bitcoin Dominance has fallen in recent days, it has been in a steady uptrend since early mid-September. Ethereum boasted a $59 billion market share, a number that can be expected to rise in the...Read More
Polkadot saw strong gains registered in past weeks and was forced to retrace some of them on the recent move down. The outlook for both DOT and Dogecoin was bullish in the medium to long-term, but they had bearish momentum that could drive the prices lower in the coming hours. Dash could see a consolidation...Read More
The Crypto Fear and Greed Index stood at 87 to show extreme greed in the market, even after Bitcoin’s recent drop of nearly 15% within a day’s time. Technical analysis showed that BTC had undergone a retracement to healthy levels of support and can be expected to rise in the coming weeks, but in the...Read More
Nearly every coin of relevance in the crypto sphere saw a drop in their price that coincided with Bitcoin’s correction from $19,400. Some altcoins were only correcting recent, strong gains, and can still be considered to be in a healthy uptrend on a longer timeframe. Cardano and Cosmos found strong support at important levels of...Read More
Bitcoin’s price came close to its all-time high and retracted once again. The price of the largest digital asset has also impacted the alts given their correlation, but with high volatility, the trends keep changing almost on a daily basis. At press time, BTC was witnessing a strong surge in its value, which also made...Read More
Bitcoin corrected from $19,200 to $16,400 and was trading at $16,900 at press time. This forced alts to shed value quickly as well. Bitcoin Cash dropped 25% from a local high and saw support at $267 flipped to resistance. Vechain and EOS were short-term bearish but they might be able to stay above key support...Read More
With a drop in Bitcoin’s price in the past 48-hours, most of the market’s altcoins have been facing strong corrections. At press time Bitcoin was being traded at $17,058, with a trading volume of $33 billion. Source: CoinStats For popular altcoins like XRP, Monero, Dogecoin this bearish pressure in BTC’s movement has resulted in major...Read More
For the most part of November, the crypto market was filled with strong bullish momentum as Bitcoin inched closer to its ATH, last seen in 2017. However, with BTC unable to sustain its position above the $19K price level and with its current drop on the charts, many of the market’s altcoins are now enduring...Read More
Mining is one of the most important aspects of the cryptocurrency industry since miners guarantee the immutability of a blockchain network by offering their hash power. However, the industry has been faced with challenges in recent years since the massive popularity of Bitcoin and crypto-assets. The early days of mining witnessed the production of energy-consuming...Read More
To be able to understand how much bots can influence the price of cryptocurrencies, we first need to understand what trading bots are. While financial markets long relied on discretionary trading in the past, technological advancements allowed for the development of automated trading systems – trading bots and other algorithmic solutions – over the last...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Following the lead of Bitcoin, the world’s largest cryptocurrency, most altcoins have also noted price breakdowns on their charts. Polkadot, one of the industry’s major altcoins, also saw its value crumble under the...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The value of Bitcoin had been appreciating without any hiccups for the past one month, until quite recently. In fact, over the past 48 hours, soon after Bitcoin climbed to a local top...Read More
ViaBTC, the world-leading cryptocurrency mining pool, today launches a new cloud mining service. Customers around the world now can purchase Bitcoin and Ethereum contracts with USDT, BTC, BCH, ETH or LTC. ViaBTC will be running top-of-the-line mining machines in different data centers to provide stable and consistent hashrate. A total of 17PH/s for BTC contract...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Tezos‘s price seemed tense after suffering a brutal drop of 26% in 12 hours. The aforementioned drop was a result of Bitcoin’s 12% drop over the same timeframe. While the correlation of altcoins with...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Binance Coin, like many altcoins, has suffered first-hand, yet again, at the hands of Bitcoin’s volatility. Due to a drop of ~$2,200 on Bitcoin’s price charts starting 12:00 UTC, 25 November, altcoins have been...Read More
Bitcoin Dominance hit 62% after a bounce from 61.5% over the past 36 hours. While it is not a perfect metric, altcoins need this number to continue to drop to enjoy further gains. Compound showed a bearish divergence between buying volume and price, while Monero still had bullish momentum on its side. Binance Coin bulls...Read More
The past twelve hours saw the altcoins mirror Bitcoin’s movement. The momentum was bullish for Litecoin and IOTA, but the trading volume would need to pick up to affirm their price movement in either direction in the short-term. Ethereum Classic was likely to flip another level of resistance to support and could post more gains...Read More
The bullish sentiment has not yet abated in the altcoin markets as many coins saw a dip in price. The sellers were not yet out in force and XRP and Dash still had the legs for another move upward. XRP Source: XRP/USD on TradingView XRP rose to $0.78 before facing selling pressure (although Coinbase saw...Read More
The Crypto Fear and Greed Index rose to 94 as Bitcoin and altcoins posted further gains over the past eight hours. At press time Bitcoin was being traded at 19,237 with a trading volume of $28.1 billion. Source: CoinStats Polkadot could be headed for a move down after a breakout past $5 recently. EOS and...Read More
Thus far, the number of issued cryptocurrencies and digital tokens has exceeded 7 thousand, and in this ocean of crypto Projects, it is difficult for investors to recognize promising services at an early stage of development, however, at the same time, investments at this stage maximize the profits. UMI is one of the young projects...Read More
The cryptocurrency market cap stood at $566 billion as Bitcoin and Ethereum saw demand and prices increase. Many large-cap altcoins also performed extremely positively in the past week. Cosmos and Zcash experienced a pullback and were ready to rise toward its resistance once more. Ethereum could lead the altcoin market once more with its remarkable...Read More
