Altcoins were the talk of the town over the past few months, with the exponential growth noted by alts like Crypto.com Coin and Cardano stoking calls for an alt season. However, this sentiment seemed to have mellowed down at the time of writing as many of these altcoins were again noting strong correlation stats with...Read More
Bitcoin as an asset performed well under unforeseen market conditions. Most cryptos followed Bitcoin’s trend but not at the same pace. Bitcoin Cash spent months dithering before surging in late July to make up for its losses in March. VeChain, last month, saw wild returns before settling down to gather steam. Crypto.com had been marching...Read More
Times have been very confusing for Ethereum and its community members. As the second-largest cryptocurrency was recognized for its persistent growth despite a brief crypto winter. The growth was majorly contributed by DeFi tokens and stablecoins. Gas fees has been a major cause of concern for people transacting on the blockchain. Even though there have...Read More
In the past six months, the pandemic has gripped the world economy. Companies are going out of business, governments and banks have bleak projections for 2020-21 and are comparing the current financial meltdown to the great depression. Despite this, it has played out counterintuitively for the global financial markets. S&P 500 broke records hitting an...Read More
Ethereum has not only been the market’s second-largest cryptocurrency, but it has also been the torchbearer for many of its fellow altcoins. Even as Bitcoin succumbed to a month-long consolidation phase, ETH was until recently noting new highs, with its growth contributed to by sectors such as decentralized finance [DeFi] and stablecoins. However, this growth...Read More
If you had purchased $1000 worth of Bitcoin (0.13BTC) on 1 January 2020, it would be worth $1509.10 today. On the contrary, an investment of $1000 in Gold on the same day (0.65 oz) would be worth only $1277.10 today. Furthermore, if you had purchased $1000 worth of Bitcoin in 2013, your investment would be...Read More
When trading, many of the market’s traders have often observed a low correlation between Bitcoin and other global financial assets. That is interesting, but not unexpected since as a prospective store of value candidate it is supposed to be uncorrelated to a great degree. Here, it must be noted, however, that the correlation tends to...Read More
The Crypto Fear & Greed Index has been above 70 for the entirety of August, with the same showing an “extreme greed” reading of 78, despite the latest dip in Bitcoin’s price. Simply put, the crypto-market continues to remain bullish. This was the case with respect to many of the market’s altcoins as well as...Read More
Disclaimer: The following article should not be taken as investment advice. The findings of the same should be foreseeable over the next couple of weeks The bullish trend so evident in the early days of August is slowly starting to fade, with a majority of the market’s altcoins taking a dive on their charts. However,...Read More
Disclaimer: The following article should not be taken as investment advice and the findings of the same should be foreseeable over the next 24-48 hours XRP has struggled recently to keep its valuation above the $0.30 mark, with increasing sell pressure keeping the cryptocurrency’s value just under its resistance level on the charts. However, its...Read More
The latest dip in Bitcoin’s price has knocked back the gains of many of the market’s altcoins. Binance Coin and Tezos were just some of the alts to note such corrections. However, these price drops do not point to any reversal in trend yet and should be treated as healthy corrections in a bull market....Read More
As one of the largest organizations managing crypto-investment trust funds for accredited and retail investors, Grayscale recently crossed the $6 billion-mark with respect to Assets under Management (AUM). That’s not all, however, as over the past few years, besides catering to institutional investors, Grayscale has also seen increasing retail demand for crypto-exposure through 401k savings....Read More
Disclaimer: The findings of the following article attempt to analyze the patterns emerging in the short-term Litecoin market and its impact on the crypto’s price Litecoin’s price has been trending lower and lower on the charts, ever since it registered a surge between 13 and 17 August. In fact, LTC’s price peaked at $69.15 on...Read More
Chainlink’s growth recently, especially in the month of August, has largely been parabolic, with many in the community under the belief that it may replicate Ethereum’s incredible price appreciation from 2017. It’s not hard to see why these people have these expectations as following its most recent surge, LINK shocked everyone after it climbed as...Read More
At the time of writing, Bitcoin’s dominance stood at 59.5%, with the same having fallen significantly over the past few months despite the fact that the world’s largest cryptocurrency climbed to new heights in 2020. This has been the case because many of the market’s altcoins have surged on the charts too. However, when Bitcoin...Read More
The last few months have seen the market’s altcoins perform exponentially, with many of them noting significant rallies on the charts, in direct opposition to the correlation they once shared with Bitcoin, the world’s largest cryptocurrency. The last few days, however, saw these alts moving in line with Bitcoin, with the latter’s move over $12,000...Read More
DeFi has been a widely talked-about sector over the past few months. This is not at all surprising in light of the fact that DeFi’s market cap has risen exponentially over the summer. A look at DeFi Pulse’s charts clearly underlined the rate of growth since the TVL in DeFi had risen to $6.69 billion,...Read More
Bitcoin may have a market dominance of over 55%, however, the effects of its movements aren’t always equal among the rest of the market’s altcoins. In fact, an argument can be made that lately, many of these alts have been taking an independent trajectory owing to falling correlation stats, one where their values aren’t defined...Read More
The cryptocurrency industry has been developing at quite a fast pace and this has helped change the outlook of investors and governments around the world about crypto. Although it will be naive to say that the world has accepted crypto, many nations have been inching closer to embrace it, one step at a time. The...Read More
Bitcoin’s price has been tumbling lower ever since it touched the yearly peak of $12,473 on 17 August. This sudden boost in the price of the largest digital asset garnered the attention of traders who were busy dealing in altcoins while BTC was in a consolidation phase. The Bitcoin futures open interest was sitting at...Read More
July 27 was the last time Bitcoin SV registered a position below $200 and hence the most part of August can be considered positive, even though highly volatile. The volatility cannot be blamed since it has been prevalent throughout the industry but over the past few days, Bitcoin SV finally seems to have gone into...Read More
Digital assets are not taken lightly any longer. Many businesses are forming around it and the use of blockchain and crypto is developing every year. Now Bitcoin and Ethereum are the flag bearers but a majority of the public still fails to distinguish between Ethereum and Ether with clarity. Yes, the general crypto public is...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Ethereum short-term market and its impact on the price. After a great boost in price, major cryptos have been observing a slow movement in the market this week. Bitcoin and Ethereum were trending lower on the price scale. Ethereum’s value despite the minimal...Read More
Bitcoin‘s market price is under a transitional period and the same can be said for the market sentiment at the moment. Correlation is a huge part of the market and any price movement often changes the metric which leads to important alterations. The asset’s price recently topped at $12,500 and it led to an interesting...Read More
The crypto markets are stabilizing a lot ahead of the weekend. Apart from YFI and limited other Defi tokens that are however pushing on hard, many others appear to have taken a pause out of the continuous bull run. Although analysis makes further profits in many altcoins, bitcoin seems to be maintaining up the pace...Read More
Until the previous year, most major nations were up in arms about the launch of the social media giant, Facebook’s stablecoin, Libra. However, after a year we have noted an uptick in the attention paid to not only cryptocurrencies but also to stablecoins. The stablecoin supply has reached 10.116 billion coins, among which Tether [USDT]...Read More
OMG is featured again today as the cryptocurrency secures a memorable profit compared to its nearest competitions. Also, AMPL, FXC ran for the runner-up position alongside other struggling crypto markets gainers as of 21st August 2020. In today’s list of top gainers, the usual players are seen making decent gains into higher highs. Meanwhile, relatively...Read More
XRP isn’t Competing with Stablecoins or CBDC XRP, the third-largest crypto asset, is currently struggling to hit $30. Besides having the major market cap, XRP is mainly used across payment networks to bridge liquidity issues. That said, Ripple’s Senior Director Emi Yoshikawa shared her views on how she sees XRP in the chaos of Stablecoins...Read More
Bitcoin, the world’s premier cryptocurrency, despite its most recent failure to sustain a breach of the $12k level, was continuing to consolidate and strengthen its position on the charts. At press time Bitcoin was being traded at $11,840 with a 24-hour trading volume of $8.3 billion. Source: CoinStats BTC’s movement, however, didn’t have a uniform...Read More
Ethereum‘s price fell below $415 recently, and in doing so, it took the crypto-asset lesser time than it took when it was looking to climb that elusive range. While the crypto-asset was back above $400 at the time of writing, the latest price collapse in ETH’s value was far from surprising. Only a week ago,...Read More
