Bitcoin’s market cap, briefly, went past Tesla’s, as the cryptocurrency’s price surged to a new ATH of $41,940. Despite BTC falling at press time owing to a wave of corrections, bullish sentiments claim Bitcoin will be heading towards higher figures amid the U.S dollar’s weakness and growing institutional demand. While some metrics anticipate a coming...Read More
With Bitcoin touching new ATHs every other day, many have an opinion about how high the world’s largest cryptocurrency might go. Morgan Creek Digital’s Anthony Pompliano is one of them, with the exec recently sharing some thoughts on where Bitcoin will be heading, especially in comparison with other assets. In an interview with CNBC FastMoney,...Read More
XRP appeared to have turned a corner as it reclaimed the $0.3 level from the bears, and its rally from $0.17 lows did not show signs of halting yet. EOS also reclaimed a key level in the past few days and looked to defend it from selling pressure. Dogecoin might be set to retrace more...Read More
2020 has been a very consequential year for Bitcoin and it went past its previous ATH established in the infamous bull run of 2017. Taking a cue from the past year, the past 7-days of 2021 have been no different. Bitcoin has been repeatedly in the news for outdoing itself by surging all the way...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice Litecoin [LTC] has been visiting unseen price levels off-late owing to Bitcoin’s surging price. Despite the rallying market, downwards pressure has put the LTC market in an indecisive position in the short-term. LTC was...Read More
When the volatility in the cryptocurrency market is high enough to gain over 12% in price in 24 hours, there is a persistent fear of making mistakes. Bitcoin’s price chart has broken nearly all ceilings to hit the new ATH of $41780 on most top exchanges. While price discovery beyond the new ATH is yet...Read More
Since the inception of Bitcoin, people in the community have classified Bitcoin’s rally in terms of its halving period. One cycle is considered from the 1st halving to the 2nd and so on and so forth. We are presently in the 3rd cycle of Bitcoin’s rally and based on the previous 4-year period, users are...Read More
Disclaimer: The findings of the following article is the sole opinion of the writer and should not be taken as investment advice There was no stopping Bitcoin (yet) as it sailed past $40k and was trading at $41780 at the time of writing. Chainlink was also strongly bullish, but it also experienced some bumps on...Read More
The 2021 alt season may have kicked off with Ethereum’s high OI. Currently, the open interest in Ethereum is higher than $3.5 Billion. It is a rare occurrence that a bullish trend emerges so clearly in Ethereum, but Bitcoin’s price rally has supported the trend. During the past weekend, the OI broke all records and...Read More
Decentralized exchange Mettalex has integrated Chainlink price feeds into its platform, according to an announcement earlier today. Chainlink’s integration will enable decentralized price oracles for a variety of new assets including cryptocurrencies, crypto indices, real-world indices, fiat currencies, and the world’s most popular commodities. Mettalex will also be able to utilize Chainlink’s price feeds on...Read More
Project Catalyst, the first stage of Voltaire roadmap has been kicked-off as IOHK announced the launch of a $500,000 fund for the next step. According to the announcement by IOHK, the fund is a part of the launch of the Voltaire era and will be destined to promote groundbreaking ideas that boost the development of...Read More
Bitcoin’s active addresses reached a new all-time high, according to data from on-chain analytics platform Glassnode. Source: Glassnode The previous cycle that saw a record number of active addresses was during the bull run in late 2017, which saw a significant amount of interest from retail traders. Many have postulated that this bull run is...Read More
The bitcoin market hit a new all-time high at $40k on 7 January keeping up with its ‘new-day, new- peak’ motto. As traders saw this new price of the world’s largest crypto, it resulted in large scale activity in the derivatives market. Following the market frenzy on Thursday, BTC futures volume hit a peak at...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice Bitcoin’s value hit another all-time high at $40k and as expected the value of other cryptos including its hard fork, Bitcoin Cash [BCH] has also been rallying. However, the digital asset has currently been...Read More
The prominent cryptocurrency exchange platform, Bakkt may be going public as it has been reported to be in preliminary talks with VPC Impact Acquitision Holdings. Bakkt, owned by Intercontinental Exchange Inc., may go public through a merger with the blank-check firm, as per Bloomberg’s sources. The transaction is set to value the combined entity at...Read More
While Bitcoin’s price nosedived by 17% on Monday, at press time, it had recovered considerably, with the cryptocurrency noting gains of 10.82% in a single 24-hour window. These statistics are not enough, however, considering Bitcoiners’ activity on exchanges – their buying and selling patterns, their compulsions, and their withdrawal capacity. Along those lines, Bitcoin exchange...Read More
Galaxy Digital founder and CEO, Mike Novogratz cautioned investors because he believed that Bitcoin prices are currently correlated to risk assets, at least in the short run. He sees the digital asset’s prices falling instead of increasing if S&P stocks go down. In a recent interview at CNBC’s Squawk Box, the billionaire executive predicted: If...Read More
Leading crypto exchange Coinbase has acquired trade execution infrastructure provider Routefire according to a tweet published on 7 January, which stated: Image Source: Twitter The announcement came not long after Routefire revealed that the startup’s team would now be joining Coinbase. The Routefire team To our community: It is with deep gratitude that today we...Read More
Erik Voorhees, who founded ShapeShift believes that it will take less than six months for the cryptocurrency market capitalization to reach $2 trillion. Voorhees, a Bitcoin maximalist took to Twitter on 7 January and said: Crypto Market Cap: $1 Trillion Took ten years. It will take less than six months to get to $2 Trillion.https://t.co/X4HCHcbEKs...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Cardano’s price has benefited greatly from Bitcoin’s bull run. Over the past week, the cryptocurrency’s price saw a whopping 88 percent hike. Even in the short-term, i.e. in the past 24-hours, such strong bullish...Read More
The price of Ripple’s native crypto, XRP has seen much volatility over the last couple of months. Holders expected a late November 2020 surge in XRP prices, but all hope was lost after United States Securities Exchange Commission sued Ripple for an illegal securities offering, calling into question the status of the crypto. Many have...Read More
In a previous article, we discussed the changes that will take place after EIP-1559 is implemented on Ethereum and the modification of the current gas fee system. As explained, the main objective of EIP-1559 remains to lower gas fees for its users so that individuals are not overpaying for their transactions to go through. While...Read More
Since December 2020, Bitcoin price has become synonymous with all-time highs. The coin remained true to this trend and hit another ATH at $40k on 07 January 2021. The largest cryptocurrency has surged over 35% year-to-date. The digital asset has been in the overbought zone for a while. With the existing CME gaps, BTC has...Read More
Chainlink‘s bulls seized the $16-level from the bears, but a bearish divergence could see this highly significant level tested. Dash approached the $100-mark with momentum and could rise above it to test the $104-resistance level, while VeChain could see a dip to $0.0253. Chainlink [LINK] Source: LINK/USD on TradingView There was a bearish divergence between...Read More
Ethereum’s price is breaking all ceilings, with the cryptocurrency rallying by over 50% over the last 7 days, based on data from CoinMarketCap. The rally, similar to Bitcoin’s narrative, is pivoting on a drop in active supply. In fact, it is expected that the only outcome of the drop in supply will be a price...Read More
Amidst Bitcoin’s increasing activity, the idea of a short-term top is lost like noise. What must be remembered, however, is that a short-term Bitcoin top is still likely, if and when inflows from institutions like GrayScale drop. With Bitcoin trading at $37,290 at press time, the premium on exchanges like Coinbase is not as significant....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Following Bitcoin’s lead on the charts, altcoins like Stellar Lumens registered significant gains over the past 48-72 hours. At the time of writing, XLM stood out in the top-10 of the cryptocurrency market, simply...Read More
New years are often great occasions to launch new products. Popular crypto-exchange BTSE is the one to launch the latest product this year in the form of Wrapped Monero [WXMR], a Monero-backed token on Ethereum. According to the announcement made by BTSE, WXMR will be backed 1:1 by Monero and secured by the exchange. Wrapped...Read More
Since the start of the year, Bitcoin’s price has surged by over 32 percent on the price charts. Thanks to the said surge, BTC, at press time, was valued at over $37k while it was priced at just $28k when the year began. However, what is really interesting is that this surge is being backed...Read More
Bitcoin Cash registered a bearish divergence and was likely to test the $414-level of support over the next few trading sessions. Polkadot was likely to see a breakout past $10.5 to reach $11.5, provided it does not lose the $9.5-region in the coming hours. OMG Network was strongly bullish, but could see a pullback to...Read More
