XRP recovered from its drop a couple of weeks ago and reclaimed the $0.3 level as a level of support. This flip was significant, and the defense of that level was followed by a breakout to the upside. Tron showed it could witness a minor pullback over the next few hours, while Ethereum Classic soared...Read More
Bitcoin, at the time of writing, was priced at just under $40,500. In fact, just over 24 hours ago, the world’s largest cryptocurrency was hovering under the $42,000-mark. Let that sink in – $42,000! Just over a month ago, the cryptocurrency was valued at $18,500, with the all-important question on people’s minds being – Will...Read More
With the recent spike in Bitcoin’s price, its market capitalization is nearly 7% that of Gold. On-chain analysts and crypto influencers on Twitter have been calling for Gold Flippening and this could be the first step in that direction. Back in October 2020, when Bitcoin’s network momentum was increasing steadily, Bitcoin’s correlation with Gold was...Read More
Polkadot fell from record levels and was trading between a thin channel as it entered a consolidation phase. VET also moved lower from peak levels but bulls managed to halt the movement at $0.029. Indicators on VET gave mixed signals for the future trajectory of prices. ALGO was showing bullish movement at the time of...Read More
The cryptocurrency market has been reaching new heights almost every other day. Ethereum the second-largest crypto has been noting its network fees rise in sync with its surging price. The transaction fees for the digital asset reached an all-time high on 4 January when the altcoin was trading above $1,000. According to data provided from...Read More
As the value of Bitcoin marked new all-time highs almost every day, we’ve been witnessing BTC outflows also increasing from Coinbase. On 2 January, when the value of the largest digital asset reached $30k, the outflows from Coinbase also reported an all-time high. It was highlighted that the massive BTC outflows were probably ending up...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice The Bitcoin market has been moving between the $40k and $42k range for the past couple of days. This hinted at the possible beginning of the consolidation of the digital asset, which has also...Read More
Ethereum breached the $1300 mark and was inching closer to its ATH as bullish momentum picked up in the shorter timeframe. Bitcoin SV shot up to $320 but faced some selling pressure and could see a pullback. FTX Token showed a likelihood of reaching an upside target of $12.5. Ethereum [ETH] Source: ETH/USD on TradingView...Read More
Chainlink approached $15.88, a level of resistance that has a confluence with the mid-point of the range it has been trading in over the past couple of days. Ethereum Classic attempted to flip the $7 resistance to support, and Compound saw increased selling volume even as its price climbed the charts. Chainlink [LINK] Source: LINK/USD...Read More
The year 2020 saw the cryptocurrency market reach new peaks. It also led to the development of decentralized exchanges and provided the opportunity for them to carve out a niche in the previously centralized ecosystem. The torchbearer for the DEXs has been Uniswap, whose growth astounded the whole crypto market. Even though an increased on-chain...Read More
Cardano saw strong gains recently as its went past $0.17 and gain nearly 100% over the past week. The $0.28 mark had been defended from bearish pressure and a loss of this level could indicate further retracement for ADA. Cosmos established an uptrend over the past few days, although its volatility was quite pronounced. FTX...Read More
Disclaimer: The findings of the following article is the sole opinion of the writer and should not be taken as investment advice Bitcoin continued on its parabolic run as it breached the $40,000 level to register a high of $41,986. Ethereum was also trading above $1,200 and the altcoin market saw many coins, large-cap or...Read More
After Bitcoin fell lower from the $40,000 mark, a broader market rally slowed down and altcoins saw mixed movements on the charts. Similarly, XLM, TRX, and ALGO were in the consolidation phase at the time of writing. Stellar Lumens [XLM] Source: XLM/USD, TradingView After snapping a local high at $0.416, XLM cooled down on the...Read More
With Bitcoin’s price crossing $41000 and hitting a new ATH, there are several stories on the internet examining the similarity between the current and the bull runs in 2013 and 2017, which may just be a desperate effort to predict the price trend. However, there are a few metrics that support this comparison. One of...Read More
Bitcoin SV showed an exaggerated bearish divergence and was likely to retest the $170 region as support. Crypto.com Coin reversed its longer-term downtrend and could retrace some recent gains before another move upward. Aave broke out of the range it was trading within, and bulls would be determined to defend the $100 level if bears...Read More
SushiSwap released their roadmap for 2021 earlier today, which has been widely anticipated by many in the community. The price of SushiSwap’s native token $SUSHI surged over 15% in the past 24 hours, in anticipation of the roadmap release after Sushi’s managing director 0xMaki tweeted about the same. Let’s release the 2021 roadmap tomorrow then....Read More
Thanks to its sheer dominance in the crypto-market, it’s only understandable that most of the market’s altcoins enjoy a significant correlation with Bitcoin. The same was evident over the past two weeks as Bitcoin surged to breach one resistance level after another, the altcoin market followed. However, this wasn’t to last, especially since the world’s...Read More
Most Bitcoin price predictions by technical and on-chain analysts on Crypto Twitter are pointing towards further price discovery beyond $41000 and top on-chain analyst Willy Woo commented on this debate in a twitter thread arguing that BTC may never ever see the $20k price range again, as it currently settles above the $40k level. Source:...Read More
The growth of stablecoins within the crypto industry has surged in the past year, with the total supply reaching $31.7 billion at the time of writing. Source: The Block Most of the growth has been driven by USDT and USDC, the two largest stablecoins by total supply, accounting for 75% and 14% of the stablecoin...Read More
The Bitcoin mining difficulty was adjusted today with a massive 11% rise. As per data provided by BTC.com, this 11% increase will push the mining difficulty over 20 Trillion for the first time. Source: BTC.comThe last time the mining difficulty had hit 20 Trillion was on 17 October 2020. However, after this adjustment, BTC’s price...Read More
It’s been a good few weeks for much of the crypto-market. With Bitcoin climbing to touch a new ATH every other day, most of the market’s altcoins have followed suit to note hikes of their own. However, while there is a lot of momentum behind the world’s largest cryptocurrency’s rally, the same cannot be said...Read More
Flare announced today that they will be integrating Litecoin ahead of the Flare Network launch in Q2. According to a tweet from the Flare Networks, this integration will allow LTC to be used trustlessly on Flare with Ethereum style smart contracts and gives LTC interoperability and composability. Flare also stated that in light of these...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice The Bitcoin market hit $42k, a new all-time high but ever since has been witnessing a strong downward pull. At the time of writing, the BTC’s price was under $40k, while Stellar [XLM] was...Read More
Altcoins BNB and SNX showed bearish signals at the time of writing as sellers maintained control of the prices, while DCR projected a northbound move after a minor pullback in prices. Binance Coin [BNB] Source: BNB/USD, TradingView BNB’s bullish trend continued as the price rose above the resistance at $41.70 and traded close to its...Read More
Crypto derivatives exchange Deribit just added Bitcoin options with a $300K strike price and December 2021 expiry. And here we go. We thought those 36k options for $BTC were crazy. Oh man build it and they will come right? 👏 https://t.co/zSOofJpQJL — NekoZ (@CryptoNekoZ) January 8, 2021 This move is hugely bullish for Bitcoin, as...Read More
Ethereum defended the $1150 level of support on its recent dip and looked likely to head further higher as it gathered steam for its next move. EOS formed a descending triangle in a shorter timeframe and could see a breakout to retest the $3.35 level of resistance. Dogecoin was in a phase of consolidation after...Read More
Warp Finance was in the news last month after it took to Twitter to expand on a “complex flash loan attack” it was a victim of. In the said incident, bad actors managed to borrow more than the collateral value, while also resulting in the loss of $7.7 million worth of stablecoins from the protocol. ...Read More
The price of XRP, one of the world’s largest altcoins, has been rather volatile over the last couple of months. While for a brief time in late November 2020 hodlers did expect XRP’s prices to surge, all hope was lost after the Securities Exchange Commission sued Ripple for an illegal securities offering. Not only did...Read More
Polkadot failed to break out of a bullish pattern and was headed back down toward the $9 mark, and could see a move as far south as $8 if Bitcoin or Ethereum experience some volatility. Monero rebounded strongly off the $130 support level and was knocking on the doors of $150 with intent. Ethereum Classic...Read More
As Bitcoin’s price rallies there are a few traders wishing for one last price drop so they can fill their bags. This isn’t what retail traders would conventionally ask for, but back in 2017, there were nearly 7 opportunities for buying more Bitcoin, before the price skyrocketed to the ATH. 2020 didn’t exactly see a...Read More
