U.S President Joe Biden’s administration is looking forward to fast-track its coronavirus relief plan with a third round of stimulus checks worth $1,400 for each U.S citizen. If the proposed plan is executed, it will be a $1.9 trillion bill, over and above the previous stimulus plans already in play. While these relief checks are...Read More
Tron [TRX] surged to levels last seen in June 2018, with the crypto projected to maintain its trajectory over the next few trading sessions. REP overturned the $24-resistance level, but it was uncertain whether the bulls could hold on to the price level. Finally, ATOM formed a bearish crossover on the MACD and was predicted...Read More
In light of Tesla’s $1.5 billion purchase of Bitcoin, market bullishness is at a fever pitch. In fact, right now, many anticipate that corporate treasurers worldwide will follow Tesla’s lead and take a closer look at an allocation towards cryptocurrencies. Tesla is the fifth-largest company in the S&P 500, which is the reason why many...Read More
Chairman of French regulator Autorité des Marchés Financiers has proposed that authorities must find a new approach to crypto regulations in order to guarantee a level playing field in the EU. During the 5th Annual Conference on FinTech and Regulation, the official, Robert Ophèle believed that European Securities and Markets Authority (ESMA) would be the...Read More
Binance Coin snapped up another all-time high recently, with the exchange token tipped to continue on its upward trajectory in the short-term. WAVES looked primed to rise above $10 as the bullish momentum looked strong on the charts. Finally, CRO was set to overturn its bearish market, with the price overhauling its 200-SMA. Binance Coin...Read More
Earlier today, SCB TenX (SCB 10X), a holding company in the Siam Commercial Bank group, announced a $50 million allocation towards DeFi startups and digital assets. SCB is one of the oldest banks in Thailand, and its venture arm, SCB 10X, has invested in several digital asset companies including Ripple, BlockFi, and Alpha Finance Labs,...Read More
Despite market leaders Bitcoin and Ethereum valued at historical levels at the time of writing, altcoins such as NEM and Maker moved on their own accord, while trading in the red zone. On the contrary, BSV rose on the back of bullish cues from the broader market, but it remained uncertain whether it would be...Read More
Tesla’s latest purchase of Bitcoin worth $1.5 billion, assuming that it was purchased at $39,000 per Bitcoin, amounts to a total of 38,000 Bitcoins. Soon after the news was made public, the market’s retail traders responded to this purchase by flocking to the said purchase and increasing demand on spot and derivatives exchanges. CryptoQuant CEO...Read More
In what is more good news for the crypto-ecosystem, Ethereum, the world’s largest altcoin, surged past yet another milestone on the price charts, with ETH breaching the $1,800-mark to post a new ATH. Corresponding to the price hike, ETH’s market cap also exceeded $200 billion for the first time recently. It should be noted, however,...Read More
Popular crypto-portfolio tracking company Blockfolio appears to have been hacked. According to reports, many Blockfolio users have received offensive push notifications from the platform, with several cryptocurrencies’ names and values being changed on the app as well. pic.twitter.com/dDn5MGoO5P — Alon Gal (Under the Breach) (@UnderTheBreach) February 9, 2021 According to some, the hackers managed to...Read More
Bitcoin’s market has been open to volatility since the beginning of the year, with the digital asset surging substantially on the charts since. In what is yet another milestone for the cryptocurrency, BTC breached the much-anticipated $45,000, $46,000, and $47,000-marks a few hours ago, going on to touch a new ATH of over $47,000 on...Read More
Along with the growth witnessed by Bitcoin, altcoins have been leveling up too. One of the major altcoins in the market Polkadot’s DOT token has been surging since the beginning of the year with mild consolidation. With a market capitalization of $19.22 billion, the digital asset was being traded at $21.20, close to its all-time...Read More
After Elon Musk’s Tesla decided to invest $1.5 billion into the digital asset, Bitcoin’s registered a new high above $44,000. Perhaps Tesla’s investment policy could further the asset’s narrative as an institutional product. Analysts suggest that tech giant Apple should follow Tesla’s path into Bitcoin. The publicly traded US firm worth more than $2 trillion...Read More
According to a document dated 4 February, Binance Holdings Limited issued a notice of its “voluntary dismissal” of the suit against Forbes and the journalists, Michael del Castillo and Jason Brett. Last year in November, the leading crypto exchange filed a defamation suit against media company Forbes Media LLC at a District Court in New...Read More
After purchasing 16,244 BTC ($607 million at the time) on 18 January, Grayscale remains as one of the biggest institutional buyers in the Bitcoin market. On 15 January another update from the firm stated that Grayscale’s total assets under management were $27.1 billion in crypto. Charles Edwards, founder of Capriole investments put forward that Grayscale...Read More
Cardano had shown a bull flag pattern on the shorter timeframes and broken out, but reversed before nearing its projected target. VeChain attempted repeatedly to climb above $0.03, and Algorand was making extraordinary gains. Cardano [ADA] Source: ADA/USDT on TradingView The bull flag projected a target of $0.75 for ADA, with the highlighted region expected...Read More
Bitwise filed for a new exchange-traded fund tracking the performance of crypto innovators. It plans to launch a “crypto innovators exchange-traded fund”, which seeks to provide investment results that correspond to the performance of companies on the ‘Bitwise Crypto Innovators Index.’ According to a 5 February filing with US Securities and Exchange Commission (SEC), Bitwise...Read More
As of last week, Ethereum’s native crypto surprised the market as it reached another all-time high above $1,700, on 5 February. Following this, many in the crypto space began to think that the asset could become more established. Especially with the expected launch of ether futures contracts from CME. Even though the second-biggest cryptocurrency by...Read More
BCH moved below its 200-SMA once again but the bulls were likely to overturn the bearish market moving forward. XTZ projected an upside at $3.42 after the indicators flashed bullish signals and BAT could rise above its August 2020 levels if the price moves north of $0.427. Bitcoin Cash [BCH] Source: BCH/USD, TradingView Bitcoin Cash...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum formed an ascending triangle pattern on the charts but faced some resistance at the $1760 mark. While high gas fees are a blow to decentralized exchanges, they could also persuade users to turn...Read More
Chainlink found stubborn resistance in the $24.8-$25.8 region. Aave was forced to pullback at $540 but approached it with bullish momentum once more while Elrond shot upwards on the charts without enduring a price correction. Chainlink [LINK] Source: LINK/USD on TradingView Chainlink faced a region of supply at $24.8-$25.8. LINK briefly move above $26 but...Read More
XRP projected rangebound movement as the dust settled in its market following a period of high volatility. XMR moved within a horizontal channel and the breakout did not seem imminent over the next few sessions. IOTA could depend on a broader market rally to climb above its local high. XRP Source: XRP/USD, TradingView XRP continued...Read More
The Indian cryptocurrency scene is currently waiting on an imminent Crypto Bill, which may define the future of digital assets in the country. The situation is vastly different from 2019 as the current bill also includes the possible development of a Central Bank Digital Currency supported by the Reserve Bank of India (RBI). With a...Read More
The CME Group has opened its doors to its much-anticipated Ethereum futures after the ETH futures contract went live at 6 p.m ET on February 8th for its first trade. According to the website, the futures opened at $1604, and the real-time index was currently around $1648. Source: CoinStats The CME futures are cash-settled and...Read More
The bull market is beginning and most altcoins broke past levels of resistance that had countered their rise in the past. Litecoin was trading within a range and looked likely to drop beneath $150, while FTX Token and Decred were bullish on the price charts. Litecoin [LTC] Source: LTC/USD on TradingView The longer-term range for...Read More
Electric-car manufacturer Tesla has according to its SEC filing acquired $1.5 billion worth of Bitcoin. According to reports the company has mentioned that it intends on diversifying its cash reserves by investing in digital assets along with investments in gold and gold ETFs. Bitcoin’s price saw increased bullishness last week when the CEO of Tesla...Read More
With a market capitalization of $2.713 billion, Monero has been pushed to the 21st rank on the CoinMarketCap list. However, the privacy-centric token has been witnessing its price moving like a wave hitting $146 and $158 price levels in the short-term. At the time of writing, XMR was valued at $152.16 and was looking like...Read More
There has been high momentum in the cryptocurrency market and the interest across the market has been growing significantly. More than retail investors, the market has been seeing an influx from institutions. According to a recent update, 21Shares AG – the Swiss-based crypto issuer, has surpassed $500 million in assets under management [AUM] and joined...Read More
Binance Coin reversed its dip and looked set on retesting $75.5 once more. Cosmos showed the beginning of a bearish divergence as it climbed toward its target of $15.84, and Dogecoin showed a buy signal as it rose toward $0.08 once more. Binance Coin [BNB] Source: BNB/USDT on TradingView On the 1-hour chart, BNB formed...Read More
ADA countered bearish predictions over the past 24=hours and climbed to the fourth position in the crypto rankings on the back of buying pressure. Tezos might need an external boost to surpass its $3.5 local high while DOGE climbed to another record level. Cardano [ADA] Source: ADA/USD, TradingView Cardano invalidated any bearish indications to its...Read More
