Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin SV recently registered a drop quite similar to the one witnessed on 25 November, with BSV treading a similar support level too. Although a lot of altcoins are in disarray, some are trending...Read More
The United States has been seeing many crypto-centric businesses come under stricter regulatory scrutiny lately. This was evidenced by the fact that the Treasury Department and other agencies on Wednesday asked the aforementioned firms to tighten protections against money laundering, while on the topic of the recent question of stablecoin regulations. According to a statement...Read More
Bitcoin’s price took a minor hit in the last 24-hours, with the cryptocurrency’s price dipping below $23k briefly, before recovering to trade at $23,162. The aforementioned time period was also evidence of Bitcoin’s influence on the crypto-market, with many altcoins going into a downward spiral following the king coin’s price correction. Source: Santiment Despite the...Read More
Bitcoin’s correction was a drag on the broader market and it saw altcoins like Tron, Waves, and FTX Token move lower on the charts. While Tron and Waves seemed to have been drastically affected by Bitcoin’s movement, FTT’s daily loss was minimal compared to the other two. Tron [TRX] Source: TRON/USD, TradingView Tron’s price has...Read More
News of the SEC lawsuit against Ripple has sent the price of XRP on a downward spiral, with the cryptocurrency falling by over 32% in the last 24 hours alone. Following the same, reactions were quick to come from all corners of the crypto-community, with Ripple CEO Brad Garlinghouse calling the lawsuit ‘illogical,’ claiming that...Read More
After Bitcoin, the world’s largest cryptocurrency, registered a slight correction in its price, altcoins such as Bitcoin Cash, NEM, and Decred followed suit and fell down the charts too. Bitcoin Cash [BCH] Source: BCH/USD, TradingView Bitcoin Cash’s price registered a lot of volatility in the month of December. At the start of the month, the...Read More
Bitcoin has been trading above its 2017 ATH for almost a week now and yet, it seems to be showing no signs of heading lower, despite the many attempts by the market’s bears. Interestingly, Bitcoin bears might have to face more bad news since, at the time of writing, it looked like the cryptocurrency’s price...Read More
With Bitcoin’s price undergoing a slight correction on the charts, many of the market’s altcoins were reading red, at the time of writing. In fact, popular altcoins like Chainlink, Cosmos, and Dash saw their prices fall by up to 16 percent in the past 24-hours alone. Chainlink [LINK] Source: LINK/USD, TradingView Chainlink’s performance over the...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s market has been trending lower over the past few days and in light of its correlation with the rest of the market, the altcoin market is dipping too. Ethereum, the world’s second-largest...Read More
Among the likes of Litecoin, Steem, and Zcash, LTC seemed to be the only alt holding up as its 2-month returns stood at a staggering 126% at press time, while the rest were in negative territory. With the alt season on its way, these altcoins might see some positive changes in their price soon and...Read More
Binance KR, the South Korean wing of crypto-exchange Binance, announced today that it will be closing down. All new registrations and deposits will be closed on 24 December 2020, while withdrawals will close on 29 January 2021. In light of such a development, non-Korean citizens who have BKRW at Binance.com will be able to trade...Read More
Santiment analysis found that ever since SEC announced its charges against Ripple, a number of wallets with large amounts of XRP seem to be shrinking. Santiment data indicated that wallets that hold 10 million XRP and more – worth more than $490,000 – have been on the decline. XRP whale addresses have dropped by 18,...Read More
Altcoins Bitcoin SV, Ontology, and Compound were trading in the red at press time, unable to sustain recent levels that were set after Bitcoin’s momentous $23K price breach. Bitcoin SV [BSV] Source: BSV/USD, TradingView So far, December has been a rough month for Bitcoin SV as it has been unable to sustain the level it...Read More
Bitcoin continues to be a digital asset with great demand in the market and retail and institutions are in a race to get their hands on as many BTCs as possible. From the institutional side, Grayscale has been filling its Bitcoin bag with more and more BTC like many others. According to a recent update,...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 Bitcoin market has been surging at press time, while the market of Chainlink has been noting a drop. This inverse relationship between the two has been because of the low correlation between the...Read More
Institutional interest in Bitcoin may have led to new highs but miners have always emerged as the main proponents of Bitcoin price rallies. Such was the case in 2017 and in 2020, there have been a few signs from miners’ involvement in the price rally. Bitcoin miner’s outflow has dropped over 68% since November 2020...Read More
United States Securities and Exchange Commission (SEC) today issued a statement and requested for comment on the issue of “custody of digital asset securities by broker-dealers.” The federal agency believed this would encourage innovation around the application of Securities Exchange Act Rule to digital asset securities. According to the Commission, a broker-dealer operating under certain...Read More
Inspired by Bitcoin’s recent price surge, altcoins Monero and Algorand shot higher along with the broader market, while Stellar went against the trend and registered a decline in price. Stellar Lumens [XLM] Source: XLM/USD, TradingView Unable to sustain the upward momentum set by Bitcoin’s price, Stellar has seen a volatile month of December. Last week...Read More
Cardano’s price is witnessing a roller-coaster ride and is currently trading at $0.1506 with a market cap of $4.7 billion making it the 10th largest crypto in the world. With bitcoin treading slow, altcoins have a chance to surge, and the same opportunity can be seen with Cardano. Cardano 4-hour chart ADAUSD TradingView As seen,...Read More
The altcoin market took a bit of a beating over the past few hours as many large-cap coins turned red on the charts. Bitcoin Dominance rose to show 68.68% at the time of writing, Ethereum saw a rejection at $640 in recent hours and was likely to test the $583 level of support. Zcash was headed...Read More
Crypto fund manager Bitwise announced that the firm’s Bitwise 10 Crypto Index Fund has liquidated its position in XRP. Recently, US Securities and Exchange Commission accused Ripple and two of its executives that they allegedly raised over $1.3 billion through an unregistered, “ongoing” securities offering. Bitwise’s decision was a result of the SEC charges. The firm...Read More
China has been the only nation until now that has been quite confident about the release of its own digital yuan. The central bank of China, the People’s Bank of China [PBoC] has been taking steps to move ahead with the development of its digital currency ever since the COVID-19 pandemic. Its progress has also...Read More
Bitcoin trading above the $23000 level quickly caught up with retail traders and became the new norm on spot exchanges. When the price dropped below the ATH, the narrative of buy the dip meant buying above $22000, and this price range was the new dip. However, the cryptocurrency market is fast, and traders may have...Read More
Litecoin mounted a strong defense of the $100 level but was headed lower once more, with $108 being a level bulls would seek to defend. Cosmos bounced feebly off the $4.8 level following a bullish divergence, but bears pushed the prices lower and could flip it to resistance and Dogecoin retraced some of the gains...Read More
Bitcoin Cash is currently facing a period of sideways movement in the chart. The asset moved to $379 on 21st December, but a strong bearish onslaught declined its valuation down to $308. While a key pair of supports were breached in the process, the uncertainty in the short-term chart remains evident for Bitcoin Cash, as...Read More
The United States’ Securities and Exchange Commission’s legal action against Ripple and its CEO, Brad Garlinghouse, and co-founder Chris Larsen have spelled trouble for XRP. Amid falling prices and speculation in the market, prominent digital asset exchange OSL suspended all XRP payments and trading services. The tweet from OSL read: “Please note: In light of...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 cryptocurrency market has been forming crests and troughs with no major price swings. The Binance Coin has also been currently moving higher on the price scale after the price dropped to $30. At...Read More
Bitcoin rose above $23,000 once more but the altcoin market posted losses over the same time period. At press time, the king coin was being traded at $23,561 with a 24-hour trading volume of $26.9 billion. Source: CoinStats Chainlink bounced off a level of support but bears were determined to drive the prices further down....Read More
Canadian miner Bitfarms deployed 1,000 Whatsminer M31S mining rigs. Additionally, the firm will soon acquire 3,000 Whatsminer M31S+ miners which will arrive in late February next year. The firm said this would amp up computing power and drive the growth of DeFi economy. With the addition of these new miners, Bitfarms’ total operating hashrate will...Read More
The Italian Banking Association or ABI said that it was collaborating with its ABI Lab to initiate experiments with regard to a digital euro project. The initiative will aim to actively support banks operating in Italy in the process of preparing for the future scenario. ABI said in a statement: The aim of the initiative...Read More
