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 not lost ground and many altcoins like, Bitcoin have been holding on to a higher value than a month back. Litecoin, the digital silver has also noted a significant rise...Read More
Bitcoin Dominance rose toward 64.3% after posting another higher low at 62.44% for the past week and stood at 63.66% at the time of writing. Bitcoin is currently being traded at $19072 with a 24-hour trading volume of $19.6 billion. Source: CoinStats Some altcoins showed a bullish breakout, such as Bitcoin SV and NEM. Compound...Read More
Bitcoin’s price began to climb up the price ladder in November and has now been holding on to a good price level. The current price of the digital asset was $19,107, with the traders’ constant push and pull. However, with the rising price the long-term holders in the market have also begun to realize their...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 XRP market has once again been moving higher up the price ladder and given the momentum witnessed in the Bitcoin market, the price could witness a boost. At press time, the XRP price...Read More
Bitcoin’s rapid institutionalization has raised many eyebrows, around the world. In addition to this, it has also raised the interest and investment of institutional investors, family offices, and HODL waves from retail. In the latest episode of the Pomp Podcast, Raoul Pal takes us to conversations that happened behind closed doors between Macro guys from...Read More
After hitting its latest ATH on the price charts, Bitcoin has fallen. However, optimism remains high, especially since at the time of writing, BTC was still trading at a level right above $19,000. With the world’s largest cryptocurrency consolidating on the charts, many of the market’s altcoins have chosen differing price trajectories. The likes of...Read More
Bitcoin has been evolving and so have the narratives around it. Most people view it as a currency, a store of value, peer-to-peer cash, etc. However, these are the narratives that have prevailed. Other narratives included e-cash proof-of-concept, darknet currency, programmable shared database, etc. It is clear that the narratives around bitcoin have been changing,...Read More
The Crypto Fear and Greed Index showed extreme greed with a reading of 93 for the day and has stayed above 80 since early November. MicroStrategy purchased another $50 million worth of BTC averaged to $19,474 per coin, while Grayscale added another $140 million to its Bitcoin holdings in the past 24 hours. Tron had...Read More
SBI Holdings announced on Saturday Ogaki Kyoritsu Bank’s decision to connect to its next-generation financial infrastructure, MoneyTap. The Bank has been working towards its users’ convenience and has opened 24-hour stores, drive-through stores, and even mobile stores took the decision to allow user-oriented transactions. SBI Holdings noted that the connection was a “multi-factor authentication of...Read More
Stellar Lumens was rising to test the level at $0.18 at resistance before retracing more gains from the previous month, where XLM made gains of nearly 200%. Decred was also moving lower on the charts, and it is expected to see a bounce upward at $24.3 support. Waves had a bullish outlook and traded within...Read More
Cryptocurrency regulation has been a widely discussed topic around the world. On the one hand, many nations are trying to find a balance between regulations and innovation, while on the other, there have been steps to stifle the growth and progress of crypto. Recently, the Michigan Democrat Rashida Tlaib with Congressmen Jesus García and Stephen...Read More
Injective Protocol announced the launch of their first synthetic commodity market on the Solistice Testnet. According to the announcement, users can now trade gold perpetual markets with up to 20x leverage. The price oracles utilized will enable real-time feeds which further allows traders to trade gold 24/7 on Injective. “We have chosen to begin with the introduction...Read More
China is leading the world in the development, implementation, and testing of its CBDC with the DCEP project, adding yet another city to the list of test runs. According to reports, Suzhou will give away 20 million Yuan worth $3 million in the new central bank digital currency. Similar to the pilot in Shenzhen, citizens...Read More
XRP price took a giant leap in the past month attaining $0.79, highest levels ever since 2018. But slashed below $0.5 levels to touch $0.45 within just a couple of days. Since then, many wonder whether XRP price will ever hit $1 in 2020 or consolidate within the current levels! According to an analyst called...Read More
Bitcoin saw a dip from $19,500 to $18,500 in the past couple of days and was trading at $18,919 at the time of writing. Bitcoin Cash had a few days of calm sideways trading but could be headed lower in the coming hours. Ontology indicated a breakout was imminent, with the direction not yet confirmed....Read More
Confirmed ‘Bearish’ signal for ETH The Exponential Moving Average(EMA) which is the average of the closing prices for a specific number of days divided by the number of days considered, is falling with the Ethereum(ETH) price. According to analysts, the EMA is below 10 which signifies a confirmed bearish trend for the ETH price. The...Read More
EIP-1559 is one of the most anticipated upgrades to the Ethereum blockchain, and according to reports, it is likely to be on the mainnet fairly soon. ETH devs handling the proposal are in the process of moving EIP to the mainnet, coming to an agreement that solutions to most research questions have been solved. Finally,...Read More
American entrepreneur Erik Voorhees who founded ShapeShift said that any asset manager today who remains ignorant of Bitcoin “needs to seriously check their premises.” He took to Twitter to make this remark after retweeting data shared by analytics platform Messari co-founder Dan McArdle that showed how Bitcoin has outperformed everything over the last ten years....Read More
CEO of major cryptocurrency exchange Binance, Changpeng Zhao, or CZ, expects the exchange to make profits between $800 million and $1 billion this year. According to Zhao, Binance’s expected profits for this year are up from about $570 million – or almost double – of what it recorded last year. CZ revealed the figures to...Read More
Ordinarily, Bitcoin’s price movements would have a uniform effect on the rest of the altcoin market. However, that wasn’t the case over the previous week since many of the market’s alts found alternate trajectories. While the likes of XRP and Polkadot surged on the charts on the back of their bullish movements, DigiByte failed to...Read More
American billionaire hedge fund manager, Paul Tudor Jones made bullish statements about Bitcoin, and compared Bitcoin and other cryptocurrencies to precious and industrial metals. In an interview with Julia La Roche of Yahoo Finance, Paul Tudor Jones expected Bitcoin to be “substantially higher” in 20 years and that Bitcoin had the “wrong market cap:” In...Read More
Grayscale Bitcoin Trust may be the closest to a Bitcoin ETF in 2020. The daily GBTC trade volume has increased steadily since June 2020 and this is critical to Bitcoin’s price and liquidity. Grayscale Bitcoin Fund requires a minimum investment of $50000, and the trade volume in GBTC is a clear indicator of the demand...Read More
The Acting Head of US Office of the Comptroller of the Currency (OCC), Brian Brooks, said regulators were “very focused” on “not killing” Bitcoin. The comment comes amid speculation about a possible blanket ban on cryptocurrencies in the US. Brooks went on to state that US regulators were planning to develop the networks behind Bitcoin....Read More
Bitcoin’s recent surge that saw it climb to a new ATH on a few exchanges had a profound effect on the rest of the crypto-market. At press time BTC was being traded at $19,403 with a trading volume of $17.5 billion. Source: CoinStats Thanks to BTC’s high correlation with the rest of the market, many...Read More
Top derivatives exchange, Deribit has hit a new all-time high in terms of open interest for Ethereum options. The Exchange announced on 4 December that it hit this new peak as the value of the ETH options reached $826 million. With Ethereum’s value still being high at $589, at press time and returning 370% to...Read More
These are bullish times for Ethereum and its growing community. After all, why would anyone expect anything else? A week after the deposit contract was finally filled with a few hours to spare, the much-anticipated genesis block of the Ethereum 2.0 beacon chain was launched on 1 December. The said development came as a relief...Read More
Synthetix has been a prominent project in decentralized finance [DeFi] that allows derivatives trading. Its synthetic stablecoin asset, sUSD tracked the value of the USD Dollar and has also been experiencing a high demand on lending platforms, as noted by Synthetix. Looking at the rise in demand for sUSD [SUSD], Binance has announced to add...Read More
The past few days have been understandably bullish for the crypto-market. Not only did Bitcoin, the world’s largest cryptocurrency, climb to a new ATH on certain exchanges, but the past week also saw the launch of Ethereum 2.0’s beacon chain with its genesis block. The rest of the market’s altcoins, as expected, reciprocated, with many...Read More
Chief Technology Officer at Ripple and XRP Ledger architect David Schwartz said that XRP community could force the burning of billions of XRP in holding. Recently, a Twitter user asked Schwartz whether the nodes, validators, and community members of XRP Ledger could burn more than 50 billion XRP in escrow. In a tweet, published on...Read More
YFI Price May Form New ATH on Breaking These Levels One of the most popular DeFi tokens YFI which had made headlines since its inception is expected to plunge to $18,000 levels. The YFI price is expected to drop to the levels if it fails to sustain at $24,000 or $22,000 levels as predicted by...Read More
