Bitcoin noted a brief spike past $14,000, before being rejected, with the cryptocurrency trading at $13,700, at press time. The crypto-space was ecstatic about BTC closing a monthly candle above $13k, but some traders also expected a pullback before another move upwards. Further down the crypto-ladder, Bitcoin Cash noted consistent buying volumes, but was unable...Read More
Litecoin, like Bitcoin, hasn’t registered a surge of note over the past week. In fact, the opposite has been the case, with Litecoin’s weekly price change observed to be negative 7.15%. Although not surprising, the same pattern can be seen for the top 15 altcoins [by market cap]. The highest drop can be seen in...Read More
There is no element of certainty in the crypto-market, whether it is a price trend or a position. The same was recently proven by Ethereum’s Vitalik Buterin after he appeared to change his opinion on Tezos. During a recent Twitter exchange, Buterin commented, “I hope Tezos does well. It has genuinely interesting and well-thought-out tech...Read More
Ever wondered what the classic bottleneck is? In the crypto-market, when Bitcoin’s price crosses a long-known resistance and the price rallies, CT is filled with bullish sentiment, bullish tweets, and bullish rants even. However, where is the entire picture? A trader’s perspective is a 360-degree one. That, alas, is often lost around the noise that...Read More
The bullish sentiment around the crypto-space was unabated at press time as Bitcoin continued to trade above $13,700, its trading accompanied by strong expectations that institutional investors would continue to arrive. XRP broke beneath a bearish pattern and could test a level of support in the coming days. Cosmos registered some gains recently, but whether...Read More
Until a few months ago, DeFi was quite the rage across the ecosystem. Of late, however, the space seems to have lost some steam, with many projects failing to sustain the early gains it made. Understandably, many in the community have since become more skeptical and cautious about the space. CEO of Three Arrows Capital...Read More
Bitcoin has registered a considerable surge of 40% over the last 4 weeks. This week, in fact, as of this writing, Bitcoin had surged by a significant 5.47% on the charts. Perhaps, the $14,000-level could be a local top and we might retrace. However, it is too soon to ascertain that without looking into the...Read More
In the previous article, we laid down the premise. In this article, we’ll be diving further to better understand when you should buy Bitcoin. To reiterate, we’re looking at how often should you buy Bitcoin, based on a series of periodic moving averages. We’ve already looked at the 200-day moving average (DMA), and now we’ll...Read More
According to a disclosure by Yearn Finance, a flash loan attack vector was discovered by a security researcher recently, before being resolved by Yearn’s security team. A potential vulnerability was mitigated around 1.5 hours after being reported by Wen-Ding Li through Yearn’s security vulnerability disclosure process on 29 October 2020. It was also revealed that...Read More
Bitcoin’s dominance continued to rise at press time, with the same noting a figure of 63.97%. Monero, one of the market’s premier privacy coins, had been moving sideways over the past couple of weeks and could be set to continue to do so over the next week or two. VeChain was trading just above an...Read More
Most crypto-statisticians believe that Bitcoin has begun decoupling from the U.S. stock market index, the S&P 500. In fact, Willy Woo had predicted that Bitcoin would break ties with the traditional market due to a boost in new entrants. Given the impact the correlation between stocks and Bitcoin has had on the crypto-market, the decoupling...Read More
Chainlink was on a short-term downtrend on the charts, but could see a breakout towards $12, provided Bitcoin doesn’t register huge movements of its own. Basic Attention Token was on a strong downtrend too, while Dash noted considerable volatility over the past month, with some levels of importance highlighted on its price charts. Chainlink [LINK]...Read More
Many in the community have often raised a host of questions about XRP’s viability and utility. Facing one of these questions recently, CTO of Ripple, David Schwartz, stated that a “combination of obstacles” is likely responsible for banks holding back from using XRP as a bridge asset. During an exchange on Twitter, Schwartz commented, “I...Read More
The Crypto Fear and Greed Index noted a figure of 72 at press time, with Bitcoin just under $14,000 on the charts. Further down the crypto-ladder, Tezos lost an important level of support, while NEM continued to fall. Zcash could also be set for significant losses over the next couple of weeks. Tezos [XTZ] Source:...Read More
Bitcoin surged to $13,950 at the time of writing. There was no overhead resistance for Bitcoin past $14k, till ATH near $20k. While this euphoric development, there is a possibility that BTC experiences a correction in the coming days. Source: CoinStats Ethereum Classic was trending lower in the short-term but still exhibited good interest from...Read More
The stablecoins sector has been working behind the scenes and has been witnessing great growth in 2020. Even though Tether was at the top spot in terms of its supply, DAI and USDC were catching up. DAI, a community-driven experiment has acquired a similar share of transaction count as its counterpart, USDC. USDC, a regulated...Read More
On the last day of October Bitcoin was seen nearing its monthly high as it aimed towards the $13,700 mark. The same bullishness was also visible on the trading charts of Ethereum, Stellar Lumens, and Basic Attention Token (BAT), with the three digital assets recording appreciable single day gains. While the price recovery in Ethereum...Read More
The crypto market has seen an uptick in Institutional Investment of late and following the announcement of these large purchases by more firms, the market has rallied as anticipated. There is much speculation as to which firm will be the next to buy Bitcoin, but the real question is how many institutions are now accumulating...Read More
After a hint of price stabilization along its key support levels on the price charts, all three alts – Litecoin, Zcash, and BitTorrent, at the time of writing, were once again starting to record noticeable gains. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin’s prices were noting a strong buying momentum as it rose above its...Read More
At the time of writing, Bitcoin Cash witnessed a rise in its selling pressure as the digital asset’s bearishness hinted towards a downward price action for the short-term period. Dogecoin too, was bearish on its trading chart and could break into a horizontal price movement once again as the day progresses. While the Tezos market...Read More
Bitcoin’s recent move above $13.5k has flipped the “Bitcoin Gold Narrative”. From Bitcoin as a store of value, the narrative has moved to Bitcoin as a safe haven. The primary reason why gold is the preferred alternative investment globally is it has been around for a few thousand years and it helps investors in reducing...Read More
Crypto Fear and Greed Index showed greedy market sentiment with a value of 73 even as many altcoins posted losses. Bitcoin surged to $13,700 at the time of writing. EOS broke strongly southward while Aave also faced strong rejection at a level of resistance. Both assets could be poised for further losses in the coming...Read More
The overall bullishness in the crypto-market seemed to be picking up once again, with the rest of the digital assets mirroring Bitcoin’s recent gains over the last 24 hours. Chainlink and Monero, were up by 3% percent since yesterday, with Chainlink maintaining a bullish momentum at press time, while technical indicators for Monero remained neutral....Read More
For BitMEX, it hasn’t been the best of years from a popularity perspective. First, it faced massive criticism during the March 13th crash, when traders lost money due to an alleged DDOS attack, and recently Arthur Hayes, CEO of the exchange faced charges over violation of anti-money laundering policies. It hasn’t been smooth sailing and...Read More
When should you buy Bitcoin? The default answer to that should be every day, irrespective of the price, as the simple dollar-cost average (DCA) strategy goes. But, lets be honest, nobody really does that? Why? Because its too simple. Instead, people look at a host of different technical, on-chain and macro-economic indicators. Bitcoin, due to...Read More
Orbit, a new commercialized renewable energy company, announced that it will use the Ethereum blockchain to allow everyday people to get involved in buying and selling solar power. According to reports, special ORBT tokens will be distributed and used to make these purchases and sales. Given the fact that the transactions will take place utilizing...Read More
Ethereum, the biggest of the altcoins, dropped beneath $400 and could signal further, marketwide losses while Bitcoin stayed well above $13,000. Cardano exhibited a bullish divergence, however, bearish momentum held sway and only a bounce can be expected before a move to the downside. Algorand was in a short-term rally that was likely to fade...Read More
Bitcoin fees are soaring again, reaching a level of $12.71 as of yesterday. The recent spike in fees has been particularly steep over the past few days, with the current level reflecting a 540.3% increase. Source: Ycharts Average fees can spike when there is congestion in the network, which currently seems to be the case. Unconfirmed...Read More
Bitcoin defended $13,200 and was trading at $13,486 at the time of writing. The situation for altcoins was decidedly less bullish as most of the rest of the market saw losses and could have further downward to go. Bitcoin SV did not drop below $160 and could hint at recovery if it continued to hold...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the XRP short-term market and its impact on the price. As the Bitcoin market moved between some tough resistances and support over the past few days and given the strong correlations with the altcoins, XRP, the third-largest crypto has been noting...Read More
