Ethereum investors have been at a loss given the past 30-day movement of the coin registering a drop of 1.1%, and a 2.9% loss over its 7-day movement. Irrespective of the halted growth in decentralized finance [DeFi], the short-term market for the second-largest crypto appeared bearish given the choppy looks of the Bitcoin market, but...Read More
Four years after the infamous Bitfinex hack that resulted in one of the largest bitcoin thefts since the Mt Gox incident in 2014, notifications published by the Whale Alert twitter account today, stated that approximately 1,190 BTC ($12,645,059) of stolen funds from the BitFinex hack in 2016 has been moved to an unknown wallet. Whale...Read More
Bitcoin was in a period of relatively low volatility over the past 90 days. Chainlink was overwhelmed by sellers in the long-term, while LINK bulls sought to defend a level of support. Cosmos retested a level of support-turned-resistance and was likely headed lower and DigiByte could have some gas in the tank to post minor...Read More
The prices might go helter-skelter on the short-term chart, but since the start of September, Bitcoin Cash has only witnessed sideways movement on the daily time period. A fixed range between $237 and $200 is evident in the charts while a long-term breakout is yet to take place. Bitcoin Cash 1-day chart Source: BCH/USD on...Read More
The trading charts for the altcoin market was once again displaying bearishness after a shift from the recent upward rallies gained just last week. Binance Coin with its double top formation was seen heading towards a bearish scenario. The bear market for IOTA, however, might still display some hope. In the case of FTX token, the...Read More
South Korea’s central bank, Bank of Korea (BOK) which had earlier established a central bank digital currency (CBDC) pilot program, has now announced that it planned to speed up the process by starting to test its digital token from next year onwards. The central bank maintained its original stance that although it was hastening the...Read More
The community-led decentralized exchange, CoFiX, raised $500k in funding from investors like Huobi DeFi Labs, Dragonfly Capital, and Coinbase Ventures, among other DeFi angels, according to a release emailed to AMBCrypto today. The new DeFi protocol planned to use the funds to work on its protocol audits and cover early development costs. Like other DeFi...Read More
While the lows of September 23rd were not emulated in the recent decline, ADA’s price continued to sustain a position near the recent bottom. For Cardano, the trend has been consistently bearish since August 1st week itself but a minor bullish pullback was observed towards the end of September. The major difference remains the trend...Read More
BitMEX, the largest cryptocurrency derivatives exchange in the world landed in a heap of trouble with US law enforcement. One of the exchange’s co-founders and CTO, Samuel Reed was arrested, while charges of money laundering and other illegal transactions were issued against the other co-founders. The entire market’s dependence on BitMEX cannot be understated. Back...Read More
Disclaimer: The following analysis attempts to analyze the emerging patterns in the Litecoin short-term market and its impact on price. The Litecoin short-term market saw a momentary pump of 5.37% in an hour increasing its value from $45.67 to $48.131. However, the digital silver could not hold onto this value as large selling pressure emerged...Read More
The S&P 500 Index dropped from 3420 to 3343, a 2.3% drop, in a matter of hours after tweets from the US President about the stimulus package negotiations’ setback. Despite arguments about an uncorrelated market, the crypto sphere still suffered losses across the board. XRP might retain some bullish momentum technically, although bearish sentiment might...Read More
Have you been missing the price action in Bitcoin markets across exchanges lately? Based on WooBull’s Bitcoin volatility chart, 60-day volatility is 5.65 and 90-day volatility is 8.95. The recent drop in volatility can be attributed to the reduced inflow of Bitcoin into exchanges. Bitcoin Volatility || Source: Woobull Charts Trade volume on spot exchanges...Read More
The week has been very brutal in the crypto ecosystem. Market sentiments swung entirely bearish with BTC taking the lead. Other coins like VET, however, are not lagging in terms of daily loss. With a 24% daily loss, VET takes top position with runners up being ZEC and BNB. #1. VeChain (VET 7.8%): VET comes...Read More
The crypto market is flocking with “spoils of war” accrued during the bear markets which began about a week ago. Around 90% of altcoins are seen recording losses which may take a while to recover from. The worst-hit defi token in the last 24 hours is undoubtedly Aave, which seemed to have lost around 15%...Read More
The stock market saw a panicked sell-off after the US President tweeted that no stimulus package would be passed until after the elections. The drop affected the crypto market as well, with most major altcoins and Bitcoin seeing losses. Bitcoin currently trades at $10,605 after having endured a 1.40 percent drop in the past 24-hours....Read More
The cryptocurrency market has come under a lot of pressure from regulators around the world. At the beginning of the final quarter, America’s Commodity Futures Trading Commission [CFTC] and federal prosecutors charged one of the largest Bitcoin trading platform BitMEX with facilitating unregistered trading among other violation. Now, the U.K. financial regulatory body, the Financial...Read More
Bitcoin stood at $10,700 and Ethereum struggled to climb past the $355 level. The market as a whole had a bearish outlook, although many assets showed short-term bullishness. Crypto.com Coin was bearish in both the short and medium-term, while IOTA formed a bullish continuation pattern that could take some more time to play out. VeChain...Read More
Bitcoin is once again testing the $10,700 level of resistance after witnessing a 0.8% drop in the afternoon session. However, with an overall upward trend maintained another price surge could be expected. Dash maintained a neutral view, as consolidation possibilities became clearer from its technical indicators that may hold true for the next few days. ...Read More
Steady gains by Bitcoin in the past few days did not have a positive impact on some major altcoin charts, while some others rose alongside BTC. Chainlink was in a period of consolidation over the past couple of days. This was likely to be a brief calm before another wave of selling pressure. Cosmos broke...Read More
Bitcoin was unable to close above $10,800 in what could be a worrying sign for bulls in the near term. Bitcoin SV dropped out of the brief ascending channel formed recently and could see further losses. Dogecoin was perched on a level of support that might not hold much longer. Tron slipped beneath and retested...Read More
The $3 Trillion Hedge Fund industry is likely to suffer more blow-ups than the 2008 financial crisis in the next few quarters. In the midst of the pandemic, hedge funds lost 7-8% in a month in March 2020. This drop left the 2008 crisis behind. The resulting dynamics have affected Bitcoin’s price and traders’ portfolios....Read More
Litecoin has been trending upward for a couple of weeks, but the asset would need a few more trading sessions to show if it could continue the trend or if there was an imminent reversal. Zcash showed bullishness and buyers were dominant in the market. Synthetix was bearish after the failure to defend a level...Read More
When it comes to the DeFi ecosystem at large, there seems to be a lot of eagerness with regard to the growth of Bitcoin’s DeFi space and on those lines, another startup has taken up the expansion of BTC-backed DeFi products. RSK Infrastructure Framework (RIF), a Bitcoin-powered smart contract platform will make MakerDAO’s ERC-20 DAI...Read More
The recent losses were the aftermath of the US commodities and Futures Trading Commission [CFTC] coming down hard of BitMEX along with the expiry of futures contracts in the stock market. While Bitcoin was the only major currency to face the brunt of the news directly, altcoins soon followed given the correlation factor. However, as...Read More
As the last quarter of the year progresses, the cryptocurrencies have been noting a brief recovery on the charts. Although in the case of most cryptos, the price was still faltering, a few others were witnessing strong gains currently. Major cryptocurrency like Cardano [ADA] noted a good price swing, whereas, Basic Attention Token [BAT] has...Read More
Bitcoin advanced from $10,650 to $10,800 and was trading at press time at $10,765. The steady gains made by Bitcoin suggested a shift in sentiment toward the bullish side. Source: CoinStats The Crypto Fear and Greed Index showed a value of 47, a rise from the previous day’s 42. Binance Coin showed a bearish divergence...Read More
In a surprise AMA, Charles Hoskinson answered viewers’ questions on a Livestream, talking mostly about the developments of Cardano and its progress over the past few months. One answer in particular, however, generated a lot of excitement from viewers. In a response to a question about how easy it is to convince projects to move...Read More
We often listen to the terms called Crypto derivatives especially Bitcoin derivatives. It shares a huge market with major exchanges like Binance, OKEX, Huobi, and offers derivative service. But what are these derivatives? Are they different from the traditional crypto trading? Let us dig in more to know. Crypto Derivatives- Good or Bad? Derivatives are...Read More
Polkadot formed a continuation pattern that suggested the possibility of an upward surge in price. However, it could take some time to manifest. In the near-term, the price could be set for a few more trading sessions of relatively lowered volatility. Tron showed signs of bearishness. Ontology was likely to slide toward support but lacked...Read More
The United States watchdog, Securities Exchange Commissions charged cybersecurity software developer John McAfee for allegedly making over $23 million in the process of shilling seven initial coin offerings. The ICOs reportedly raised $41 million in the process with half of those proceeds pocketed by McAfee. The SEC indictment read: From at least November 2017 through...Read More
