After a correction in the world’s largest cryptocurrency forced Bitcoin towards the $34,000 mark, the broader altcoin market followed suit and declined on the charts. Altcoins LINK and BSV succumbed to the fall and fell below multiple support levels. On the other hand, ZEC managed to give positive returns in a turbulent market but showed bearish...Read More
UK regulator, Financial Conduct Authority (FCA) advised investors to be aware of certain, unnamed firms that offer investments in crypto assets that “promise high returns.” According to FCA, investing in cryptocurrencies, or “investments and lending” connected to the assets “involves taking very high risks with investors’ money.” On 11 January, the regulator stated: If consumers...Read More
In what would be a crypto-dream come true, a student claimed to have found decade-old private keys to a crypto account that held 127 Bitcoins; he is now a millionaire. On 22 December 2020, the holder apparently stumbled upon the keys in question on an old computer and apparently sold all 127 Bitcoin. The student...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 cryptocurrency market noted a large price swing yesterday. As the value of the largest digital asset, Bitcoin fell from $40k to $35k, and the overall altcoin market fell. The price of Polkadot has...Read More
Bitcoin’s price surge in the last 3 to 4 months has been exponential without a doubt. However, it is relatively less exponential when compared to the 2017 bull run. The 2017 bull run saw a 228% surge in 34 days while the current bull run has seen a 125% surge in 27 days. BTCUSD TradingView...Read More
Bitcoin price is currently facing a correction that has caused the crypto asset to drop a whopping 20% in the past 24 to 48 hours. This drop has caused liquidation worth more than $2 billion. At press time, bitcoin is testing the support at $33,900 while also being in a state of limbo. Bitcoin 4-hour...Read More
Bitcoin undergoes correction and while it should not astonish anyone, the rate of decline has taken the market by surprise. Over the past 24-hours, Bitcoin has depreciated from a high of $41146 to a low of $32330. BTC/USD on Trading View The registered drop was over 20% and it is currently the largest drop since...Read More
Bitcoin has surged a whopping 100% in the last 30 days, however, the recent crash might indicate that the top is in, or at least an interim top. While the investors were FOMO-ing, bitcoin’s on-chain indicators flashed sell-signals. The main reason why this crash took place is due to bitcoin miners. In fact, bitcoin’s recent...Read More
While the collective market rallied upwards from the 3rd week of November, Stellar moved in the opposite direction. Till the end of 2020, the asset continued to decline in the market, reaching a low of $0.11. What happened right after, was a radical shift of immense proportions. Between 1st January-7th January, XLM‘s value hiked by...Read More
The Financial watchdog of the United Kingdom, the Financial Conduct Authority [FCA] on Monday, released a warning for consumers about the investment risk in cryptocurrency. According to the statement, the focus of the warning was mainly towards crypto-assets and businesses promising high returns. The warning included the FCA stating that the consumers should be prepared...Read More
After touching $18, LINK cooled down as the bears attempted to take prices towards its immediate support. XMR gave mixed signals and its movement could depend on market leader Bitcoin moving forward while DOGE continued its consolidation between $0.011 and $0.008. Source: CoinStats At press time Bitcoin had fallen below the $40k level and was...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 largest altcoin in the market, Ethereum has been noting its value rise steadily on the charts. Its value has surged by 72% since the beginning of the year from $754 to $1,3012. At...Read More
After Bitcoin moved upwards from the $41,000 mark, the broader market followed suit and most altcoins rose along with the king coin. At press time, ADA, AAVE, and BAT were in the green territory and projected an upside move in the short term. Cardano [ADA] Source: ADA/USD, TradingView After snapping a local high at $0.358,...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 Cardano market recently witnessed a drop and has been trying to recover. The value had dropped to $0.3044 and at the time of writing, the coin was trading at $0.3207. This recovering price...Read More
The alt season of 2017 was an accessory to Bitcoin’s bull run. Once Bitcoin’s price rallied to a new ATH, investment started pouring in for altcoin projects. This meant there wasn’t much independence in altcoin rallies. Besides, short-term BTC tops were followed by altcoin rallies as investment flowed in and out faster, in altcoins. However,...Read More
Bitcoin isn’t the only cryptocurrency in the market’s good books right now. In fact, Ethereum is bullish too, with the world’s largest altcoin going past $1,300 on the charts weeks after plans for ETH 2.0 went underway. Look beyond the two What about the rest of the market though? Well, you have your Bitcoin, and...Read More
The value of Litecoin is currently at a range last witnessed during the 1st week of May 2018. A price above $185 can be dated back to March 2018, so LTC was testing major resistance levels. The week on week performance since 14th December has been exceptional and its price recovery is leading to positive...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
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
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
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
