The XRP market was shaken by the SEC’s lawsuit against Ripple after it alleged that one of the market’s top cryptocurrencies is a security. Since then, while XRP has been delisted and suspended from trading by various exchanges, the community sentiment remains positive. In fact, Ripple has made XRP-based solutions available to multiple financial institutions,...Read More
Chainlink recovered from the bearish divergence it exhibited a few days ago and rose back above a zone that was one of supply a week ago. Neo struggled to replicate this feat even though it had strong buyer interest behind it. Finally, Enjin retraced some gains from the past month. Chainlink [LINK] Source: LINK/USD on...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Tezos has been largely dormant in the markets since the month of September. While Etheruem’s surge past $1,000 in early January sparked some life into Tezos, it was still not enough for XTZ to...Read More
With Bitcoin continuing to consolidate between the $33,000 and $35,000 price levels at press time, there was a slight lack of bullish momentum in the crypto-market, when compared to previous weeks. However, the trend has not always been uniform across the altcoin market. In fact, over the past 24-hours, popular altcoins like Monero, SNX registered...Read More
According to a recent research report by Bridgewater Associates, Bitcoin’s price could theoretically rise by at least 160% if allocations towards gold are diversified into Bitcoin instead. Exploring a hypothetical scenario where investors move some portion of their gold holdings into the cryptocurrency, the Bridgewater analysts concluded that this would hike the price of the...Read More
Bitcoin has grown by leaps and bounds over the past year. However, as is often the case, growth and attempts to regulate often go hand-in-hand, with the past year also seeing increasing efforts at regulating the crypto-market in a bid to curb bad actors and crimes like money laundering. Towards the end of 2020, the...Read More
Bitcoin’s price, over the past 24 hours, has been on a very topsy-turvy journey, with its sideways movement punctuated only by an unexpected Elon Musk-triggered hike on the charts. On the contrary, most of the market’s altcoins continue to trade in narrow channels. For coins like Tron, Aave, and Crypto.com Coin, such has been the...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Litecoin‘s price was forming lower highs on the charts, suggesting the end of an uptrend in the medium-to-long term. However, in this lower high set up, the price formed a bullish pattern. A bounce/close...Read More
Open interest in Bitcoin Futures is back to above $10.3 billion, a figure the charts last noted well before its most recent ATH. Interestingly, with Bitcoin trading at just over $35,500 at press time, one can also see that institutional demand for Bitcoin hasn’t dropped completely either. In fact, it is around to support Bitcoin...Read More
Bitcoin’s price had crossed $35,000 at press time (On the back of Elon Musk’s Twitter update), amid high volatility on the stock and crypto-market as the likes of GameStop Corp and Dogecoin pumped across the board over the last 24 hours. According to many on-chain analysts and market watchers, this surge in trade activity is...Read More
Bitcoin has to prove itself in order to become a reliable store of value. BlackRock CEO and founder Larry Fink said that the crypto asset might see a bright future, but firstly it has to endure and prove itself. Bitcoin is Still Untested During a recent interview, BlackRock founder and CEO Larry Fink expressed his...Read More
Ethereum’s price, at press time, was hovering around the $1,300-level, with the altcoin under a lot of selling pressure since hitting the $1,472-level. At the time, the altcoin was 11.6% below its ATH, with the market capitalization dropping to under $150 billion. Curiously, according to some, the drop in Ethereum’s price might be blamed on...Read More
The US financial services company Robinhood continued with restricting its users from accessing its most popular products. After yesterday’s halt of GME stocks, the platform has suspended instant cryptocurrency buying, citing “extraordinary market conditions.” Robinhood’s Restrictions Reach Crypto Following the GameStop sage, in which the company’s stocks went parabolic driven by retail interest, Robinhood barred...Read More
After recording a peak of $42k earlier in the month, Bitcoin‘s price fell on the charts, with its bullish momentum giving way to a period of corrections and consolidation, until Elon Musk inadvertently intervened with a Twitter bio update. On the contrary, Chainlink has surged lately, with the altcoin registering its ATH just a few...Read More
With Ethereum working towards transitioning to a complete PoS Layer 2 network, many in the community are concerned about when mass adoption may be incoming. This question was recently answered by Anthony Sassano, Founder of The Daily Gwei, during a recent interview when he said that it will be “soon incoming.” In an interview with...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 cryptocurrency market is bleeding once again, with the value of Bitcoin steadily depreciating over the last few trading sessions, at press time. Meanwhile, the closely-linked altcoin market has also been highlighting the change...Read More
Bitcoin Cash was trading within a descending channel as the market’s bears slowly forced the prices lower. STEEM saw a surge of about 34%, but retraced most of it within a matter of minutes, while Maker was in a phase of consolidation. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView Bitcoin Cash was trading within a...Read More
Ripple has successfully completed an investment in Money Tap, according to a notice released by Japan-based SBI Holdings earlier today. Following the said investment, Ripple has now become the largest external shareholder of Money Tap with a 33% ownership stake in the company. Ripple first announced its plans to invest in Money Tap back in...Read More
Upon announcing its Q4 2020 results, the large NASDAQ-listed business intelligence company MicroStrategy vowed to continue with investing excess cash in bitcoin. Furthermore, Michael Saylor’s firm plans to explore other approaches that will enable it to allocate even more funds in BTC. MicroStrategy’s To Buy Even More BTC? Described as the “largest independent publicly-traded business...Read More
Elon Musk, popular tech entrepreneur and Tesla CEO, is making waves yet again after he changed his Twitter bio to include “Bitcoin.” Right now, the said bio shares a distinct similarity with the one owned by Twitter CEO Jack Dorsey, who himself is a Bitcoin proponent. What is even more newsworthy, however, is the fact...Read More
Stellar Lumens approached the upper boundary of its range with bullish momentum, but was rejected, and would need to rise above $0.33 to achieve a breakout. Augur formed a triangle pattern and could retest the $17.3-level once more before embarking on a strong move. Finally, VeChain appeared likely to lose a level of support at...Read More
The world’s richest man, Elon Musk, has put Bitcoin as the only word in his Twitter bio. As a result, the price for bitcoin skyrocketed. Elon Musk, the CEO of Tesla has put Bitcoin as the only word in his Twitter bio. As a result, the price for the cryptocurrency has skyrocketed above $34K gaining...Read More
Flare Networks is in the news today after it announced that it will integrate Dogecoin (DOGE) prior to the launch of its Mainnet. This development will allow Dogecoin to be used on Flare, along with scalable EVM-based smart contracts. Interestingly, Flare’s decision to integrate DOGE was based on the results of a community poll held...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Earlier this month, Bitcoin Cash soared to as high as $600 with a candlewick as far north as $629. Subsequent retracements tested the $400-region, but on the longer timeframe, the $400 and the $460-levels...Read More
With the Mary hard fork around the corner, the Cardano blockchain will soon see some significant updates. These include token forging and a multi-asset ledger, both of which will pave the way for decentralized applications (DApps), native tokens, and DeFi use cases. This was the roadmap highlighted by the Cardano Foundation’s Elliot Hill in a...Read More
The crypto-market’s altcoins tend to follow Bitcoin and when the king coin registers price corrections, it is common to see altcoins also take a slight hit. Such has been the case of late as in the last 24 hours alone, cryptos such as Tezos, BAT, and Decred have endured spells of sideways movement on the...Read More
Bitcoin’s price endured quite a few price corrections after it touched its most-recent ATH around the $42,000-mark. Corrections would be an understatement, perhaps, since Bitcoin’s price has fallen by over 15 percent in the last three days alone, with the cryptocurrency trading at $31,181 at press time. Understandably, BTC’s performance has fueled speculations that the...Read More
Bitcoin‘s recent all-time highs definitely grabbed the attention of global market watchdogs. Although the crypto-market may be going through a period of corrections, its potential has alerted Central Banks across the world. In fact, while the attention it received brought a lot of support, regulators have also increasingly been taking note of the legal functioning...Read More
Binance’s new blockchain, Binance Smart Chain [BSC], has been a recent addition to the crypto-exchange’s ecosystem. The BSC already features over 100 projects, with the team now planning to develop the Decentralized Finance [DeFi] infrastructure. In fact, according to a recent blog highlighting the BSC’s roadmap and vision for the year 2021, BSC was able...Read More
DeFi has seen a lot of growth and hype over the past year. 2020, in retrospect, had a lasting impact on the cryptocurrency ecosystem. It saw both historic lows and highs with regard to Bitcoin’s valuation, along with gargantuan growth for the DeFi space. In fact, according to data from DeFiPulse, DeFi’s total value locked...Read More
