Monero flipped the $143-resistance level, but a move above $148 was unlikely as the bullish momentum slowed down. IOTA registered rangebound behavior as trading volumes were weak. Even though DOGE was predicted to fall in the short-term, uncertainty shrouded its future trajectory. Monero [XMR] Source: XMR/USD, TradingView The market’s bulls regained the $143-price level as...Read More
On 30 January 2021, XRP registered its biggest 48-hour spike in over 3 years. Surging by 170% on the price charts, the crypto-asset ascended from $0.278 to a yearly high of $0.75. Source: XRP/USD on Trading View In fact, the crypto-asset almost matched its 2020 high. However, right after the top, it registered a massive...Read More
A Mood of the Nation survey by India’s CoinDCX a few months ago had revealed that for 68% of the respondents, legal and regulatory clarity is a major concern. Thanks to recent developments, these concerns are likely to get even more compounded. According to a statement made by Anurag Thakur, Indian Minister of State for...Read More
Dealing with market volatility is common in the case of Bitcoin and the current narrative is heading in a similar direction. While the market is still in a considerably bullish bracket, the likelihood of a reversal keeps floating about in the space. Now, according to recent data, a major change may be afoot, one that...Read More
Grayscale has been at the head of a lot of Bitcoin-related developments over the past few months. It is in the news again today after its GBTC premium turned negative for the first time after its launch in 2013. The aforementioned premium represents an “overpayment” on behalf of mostly institutional buyers that seek Bitcoin exposure,...Read More
Bitcoin SV was projected to move within its range and a break above the $183-resistance level did not seem likely. On the contrary, BAT traded within its parallel channel and a breakout seemed imminent over the next few trading sessions. Finally, ZEC managed to rise above its upper trendline, but the price could reverse its...Read More
PrimeXBT is the latest crypto-exchange to delist XRP after an announcement earlier today revealed the removal of the XRP/USD, XRP/BTC trading pairs. The delisting will take effect from Wednesday, 10 February 2021, at 15:00 UTC. Prior to this, the XRP pairs will be transferred to ‘reduce only’ status on Friday, 5 February 2021, at 15:00...Read More
LINK seemed to be targeting a move above its $24.29-resistance, but weak momentum meant that the market’s bulls could struggle to lift the price on the charts. Healthy buying activity and an uptick in trading volumes backed STEEM for a rise above its $0.19-resistance. Finally, MKR’s bearish cycle could spill over to the next few...Read More
The upcoming Bitcoin Educational Conference organized by Michael Saylor’s MicroStrategy has seen massive interest from CEOs and other executives. Saylor informed that all attendees would benefit from MicroStrategy’s playbook on how to utilize the BTC Monetary Network. CEOs Interested In MicroStrategy’s BTC Educational Campaign CryptoPotato reported in mid-January MicroStrategy’s latest pro-Bitcoin initiative, which aims to...Read More
With the landscape for CBDCs heating up, many countries have accelerated their efforts to issue a central bank digital currency. China has had the most progress on this front, with the country conducting several test runs by distributing its digital yuan to its citizens through ‘red packets.’ According to a paper published by European policy...Read More
Altcoins BNB and COMP maintained their January uptrend as their price set new records at press time. Nevertheless, they were primed for a reversal as the indicators flashed bearish signals. DCR was rejected at $66.8 resistance, but strong trading volume suggested that the price would eventually break above the resistance mark. Binance Coin [BNB] Source:...Read More
Polkadot traded within a range and showed short-term bearish pressure while Synthetix closed beneath a bearish reversal pattern. VeChain was headed toward the $0.0221 level of support as bearish momentum took hold. Polkadot [DOT] Source: DOT/USDT on TradingView Polkadot continued to trade within the range from $14.95 to $18.25. A brief foray above the range...Read More
With a $6.9 billion market cap, Stellar has remained close to the top-10 cryptocurrencies and consolidated fairly after its rally during the 1st week of January. XLM re-tested its support a few times but rather than consolidating low, it has continued to bridge the gap nears its yearly high of $0.414. The long-term analysis remains...Read More
Binance established Binance Smart Chain [BSC], a new blockchain a while ago and it has become popular among users. The platform that already homes over 100 projects has added a new service to BSC to keep up with the demands of its users. According to Binance Smart Chain news, Binance added delivery of ETH 2.0...Read More
Although the month of January saw Bitcoin and Ethereum rise towards record levels, a correction soon followed and the market leaders saw their gains drop. The rest of the altcoin market reacted in a similar fashion and fell on the charts after a solid start to the month. Similarly, altcoins LTC, VET, and ETC were...Read More
Unlike the 2017-rally, Bitcoin currently indicates strong fundamentals. The growth has been such, over the course of 2020 and the beginning of 2021, that the digital asset has experienced massive capital injection. It is difficult to identify the source at times, as both retail and institutional investments come in a flurry. However, the growth of...Read More
Stellar Lumens climbed above its immediate resistance on the charts but the indicators did not favor an extended rally. Altcoins XTZ and DASH projected rangebound movement as there was a shortage of buyers in their market. Stellar Lumens [XLM] Source: XLM/USD, TradingView Stellar Lumens broke above $0.239 resistance after it witnessed some buying pressure over...Read More
The restructuring within the BTC derivatives exchange BitMEX continues with the addition of Wai Kin Chim as an Independent Non-Executive Board Director of 100x Group. Additionally, the former Chief Credit Officer (CCO) at the Bank of China and the company’s recently appointed CEO will join the board of directors as of February 1st. Former Bank...Read More
XRP’s price recovered from the blow dealt by news of the SEC lawsuit on December 22 to trade at $0.56. Monero surged after exhibiting a bullish divergence while Basic Attention Token hovered above a level of support. XRP Source: XRP/USD on TradingView On December 22nd, XRP was trading at $0.53. News of the SEC lawsuit...Read More
The past few days have demonstrated how organized groups can shake the well-established stock market. This organized movement was even visible in the Dogecoin [DOGE] market due to which the price of the digital asset sky-rocketed. At the time, traders from around the world were interested in the Dogecoin hype, and probably due to this...Read More
Cardano was trading within a range from $0.32 to $0.38 and showed signs of being in a consolidation phase. SushiSwap was bullish on the charts and likely to go past $10, while IOTA found support at the $0.39 mark but lacked interest from buyers to attempt another move past $0.45. Cardano [ADA] Source: ADA/USDT on...Read More
Just a few days ago we saw Elon Musk, the CEO of Tesla add Bitcoin to his Twitter profile, which caused a sudden pump in the value of the digital asset. As the market stabilizes from the surge, Musk has extended his support to Bitcoin and stated that it was on the verge of acceptance...Read More
Trality, Austria’s leading algorithmic trading platform, today announced that it is completing its beta phase and ready to bring the power of trading bots to all. The VC-backed Austrian fintech is out of beta and ready to offer powerful, professional automated trading to everyone who needs it Over 80% of private traders lose money because...Read More
Despite Ripple facing two lawsuits from the United States’ Securities and Exchange Commission [SEC], its products still seem to be much sought-after. According to a recent update from one of the oldest RippleNet members, Kuwait Finance House [KFH], it is now launching an instant cross-border payments service to Turkey. As per the announcement, the bank...Read More
Just a few days after shocking the world by updating his Twitter bio to include only “Bitcoin,” Tesla’s Elon Musk has doubled-down on his support on the cryptocurrency. During a recent speech, Musk said that BTC is on the brink of a broader adoption from traditional financial representatives. According to a Reuters report, Musk showed...Read More
Ethereum was consolidating under its all-time high and traders eagerly anticipated a breakout past this final level of resistance. Aave showed bullish momentum and could post further gains past $300, and does not yet hint at a pullback on its rally. Dogecoin sent users into a rapture, apart from those who bought the absolute top....Read More
Cardano was unable to break above $0.367 but the overall trend was still bullish as the candlesticks remained above their 20-SMA and 50-SMA. Cosmos traded close to its immediate resistance and indicated the likelihood of an upward breakout as the indicators flashed bullish signals. Dogecoin cut its losses at $0.024 and was projected to move...Read More
The biggest crypto market after that of Bitcoin’s has to be Ethereum. It has been the second-largest altcoin in the market noting an 85% surge since the beginning of the year. With its price surpassing $1k earlier in January, ETH’s value remained at $1,350 at the time of writing and registered a 24-hour trading volume...Read More
Apart from the on-chain factors that drive Bitcoin’s bull run, a few external indicators that precede every bull run have made the headlines yet again such as a bill on a probable cryptocurrency ban in India, the Chinese new year FUD, exchange outages like Coinbase and Binance, and altcoin price rallies, etc. Once the sell-off...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The second-largest cryptocurrency, Ethereum [ETH] has remained unimpacted by Bitcoin’s volatility over the past couple of days. The value of the digital asset has managed to stay above the $1,322 support and was currently...Read More
