Bitcoin’s price was stumbling to lower levels after it hit an all-time high of $42k. The largest digital asset managed to retrace its steps to $38k recently, before witnessing another fall. However, this time around, this drop in price was an opportunity for the institutions to bag even more BTC. Grayscale has been one such...Read More
The demand and supply have been holding up the economics of traditional finance and the crypto market has also been abiding by it. Bitcoin, which managed to return over 300% in 2020, has been recognized as a store of value by many investors as they continue to include a high number of Bitcoin in their...Read More
XRP was unable to breach the $0.3 level of resistance as it traded in the $0.28 region, even as announcements of it being delisted from popular exchanges rolled in. Tron flipped a level of resistance to support but did not possess strong upside momentum, and Dogecoin was quiet on the charts as well. XRP Source:...Read More
One of the market’s most-popular altcoins, Chainlink [LINK] has been rallying lately, with its Futures market seeing a lot of reignited interest as well. With the value of the cryptocurrency hitting an all-time high of $23.59 on the charts over the past 24-hours, the Futures Open Interest also shot through the roof. In fact, according...Read More
The popularity of cryptocurrency businesses was noteworthy in the year 2020. While the performance of cryptocurrencies drove a lot of interest into the market, exchanges did their part too by handling all trading activities. This was evidenced by the fact that both centralized exchanges [CEX] and decentralized exchanges [DEX] registered a boost and grew by...Read More
Neither Bitcoin nor any of the market’s popular altcoins are the best bets to yield maximum returns. Yes, Bitcoin has more than tripled in the last year and yes, it is expected to do something similar over the next bull run, but it won’t do as much as the backbone of the Bitcoin industry –...Read More
TRX moved within a fixed channel as momentum rested with neither the market’s bulls nor the bears. Augur looked to claw back to the $21.6-mark, but a boost from market leaders BTC and ETH might be required to make the ascension possible on the charts. Finally, MKR looked to break above $1,563 and targeted a...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Chainlink looked to be strongly bullish on the price charts as it broke past its previous all-time high to touch $22.56. While the market-wide correction on 10 January saw LINK drop from $17 to...Read More
Bitcoin SV exhibited falling volatility and trade volume on the price charts and could be set to consolidate above a level of support at $216. Waves and VeChain, however, appeared primed for a breakout to the upside. Bitcoin SV [BSV] Source: BSV/USDT on TradingView On the 4-hour chart, the Bollinger Bands indicated that while significant...Read More
The comparison between Bitcoin and Gold is as mainstream as Bitcoin itself. However, despite the decoupling of the two assets, the group of interested and active investors in both is nearly the same and there is an overlap. In fact, traders and analysts on Crypto-Twitter have been going on about the two assets for over...Read More
Altcoins such as Tezos and Algorand were surging on the charts and eyed newer local highs, but the indicators suggested that a reversal could impact the prices soon. DASH projected upside as momentum was looking to shift towards the buyers. However, the extent of bullishness could be determined by the broader market. Tezos [XTZ] Source:...Read More
The ongoing Bitcoin price rally has most traders stopping and staring at their portfolios, refreshing their windows every few minutes to capture the unrealized profit/loss. Understandably, the thrill of the price rally is accompanied by the fear of losing out on unrealized profits. With Bitcoin’s price dropping over the past few trading sessions, several wallets...Read More
Cardano bounced back from the $0.29-support level and targeted a break above its press time resistance, while the indicators confirmed the possibility of a bullish outcome. ONT also looked bullish and targeted its November 2020 levels as buyers maintained control. Finally, SNX traded close to its record high, but relied on a broader market trend...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Tezos’s [XTZ] market has been seeing strong northbound momentum in the short-term. While a part of this growth could have been a result of Bitcoin’s market rally, the XTZ market seemed to be surging...Read More
Ethereum was valued at $1,170 at the time of writing, with the world’s largest altcoin continuing to consolidate as it attempted to surge to a new ATH on the charts. However, Ethereum reserves on exchanges have been dropping. Based on data from Glassnode, in the past 2 days alone, reserves have dropped by over 10%....Read More
With Bitcoin emerging as one of the best-performing asset classes over the past 365 days, many financial institutions and investors have changed their tune on crypto, with some making sizeable allocations to Bitcoin and other crypto-assets. Despite a radical change in mainstream attitudes towards Bitcoin, there are still some traditional financial institutions that have a...Read More
Binance Coin appeared to be forming a bullish pattern that wasn’t yet confirmed, but it could see a breakout in the coming days towards the $45-mark. STEEM bounced off a level of support as it rose towards a level of resistance once more. Finally, Compound was making steady gains as it breached $200 and looked...Read More
While most had high expectations from the crypto-market for the year 2021, it’s safe to say that the market has well and truly exceeded these expectations. Not only did the world’s largest cryptocurrency, Bitcoin, breach the $40,000-mark, but the industry’s cumulative market cap also went past $1 trillion. Source: CoinMarketCap The market and its largest...Read More
EOS‘s market noted some bearish presence, with the same likely to push the crypto’s price slightly south towards $2.6. Basic Attention Token appeared to break out of a range backed by significant trading volume, while Dogecoin was in a phase of consolidation and traded sideways on the charts with no strong momentum. EOS Source: EOS/USDT...Read More
Monero slipped from $173 to test the $149-level of support over the past few days and was trading at an important level as the market’s bulls and bears tussled for control of the market. IOTA formed a bullish pattern on the charts and could see a bullish breakout targeting $0.55. Finally, DigiByte noted some early...Read More
Canadian investment fund manager 3iQ is in the news today after it announced that its Ether-based fund, The Ether Fund (TSX: QETH.UN), is now quoted in Canadian dollars on the Toronto Stock Exchange (TSX). The development in question comes on the back of The Ether Fund receiving overwhelming demand from investors after the fund’s successful...Read More
Tether’s market cap hit $25 billion today, with Bitcoin trading below $40,000 on the price charts. In fact, the stablecoin has been one of the most traded assets in all of crypto, with its trading volume surpassing even that of Bitcoin. Source: CoinMetrics Tether’s growth was stupendous in 2020, with the stablecoin enjoying a 72%...Read More
Chainlink was one of the market’s star performers as 2020 came to a close. In fact, it would seem that its bullish momentum on the price charts has continued into 2021 as well, with LINK rising on the charts by over 18 percent in the last 7 days alone. With a trading price of over...Read More
Ethereum’s price was on the verge of registering a new ATH, before a massive correction hit once again. Since then, ETH has been on a recovery run. By and large, however, the past few days have seen mostly sideways movement from the likes of ETH, Maker, and even Dogecoin. Ethereum [ETH] Source: ETH/USD, TradingView Ethereum...Read More
Yearn Finance made waves in the crypto-community after it introduced a new proposal to mint 1000 YFI tokens that will be later distributed among its core developers. The rationale behind the same is to reward developers who have contributed to Yearn Finance’s development and growth selflessly. Proposal: yfi_lit suggests printing 1000 YFI for operations fund...Read More
Litecoin appeared to be consolidating around $150 as it gathered steam to begin another northbound move to test the $180-level of resistance. OMG Network saw a similar scenario on the charts as it surged past $3.1 over the past few days, with the crypto heading towards $4.1. SushiSwap too was bullish on the charts and...Read More
Bitcoin’s rally to its latest ATH in the first week of January may have made the headlines, but what’s in it for your portfolio? Let’s go further – The burning question is, what is the role of HODLers in this bull run and how do they influence the returns on your portfolio? Do they influence...Read More
For many of the crypto-market’s altcoins, the past few days have been all about recovering their prices after Bitcoin’s drop on the charts. While some altcoins like Aave managed to register significant hikes over the past 24-48 hours, other cryptos like EOS and Vechain have had to battle spells of sideways movement. EOS Source: EOS/USD,...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The past 60 hours have been bullish for Bitcoin. The $34k-$34.5k region served as support and saw BTC climb back to touch $40k. However, it was unable to stay there as selling pressure forced...Read More
Bitcoin Cash sought to defend the $495-level of support and appeared likely to see a move to $540 over the next few trading sessions. Loopring saw rejection at a level of resistance and could be headed back to the mid-point of its range, while YFI saw rising demand even as the price dipped to suggest...Read More
