Bitcoin, at the time of writing, was eyeing a 3-week losing streak for the first time since June 2020. While the 7-day period hasn’t concluded yet, a market close below the $32,300-mark will register a third red-weekly candle in a row. Now, while market sentiments didn’t seem to be particularly bearish at press time, certain...Read More
Tron hovered above its support level, but the market’s bulls could struggle to keep the price afloat in the short-term. Verge moved within a confined channel as momentum sided with neither the bulls nor the bears. Finally, Dogecoin fell below the $0.0085-resistance, but the indicators projected a bullish bounceback. Tron [TRX] Source: TRX/USD, TradingView Tron’s...Read More
Bitcoin‘s price might due for another correction after CryptoQuant’s Exchange Whale Ratio hit 0.87, a level last seen when BTC dipped to its yearly open at $28,956. While Bitcoin did see a surge yesterday as the price pumped to $34,800, the surge was met by holders waiting to sell their BTC. This sell-off is getting...Read More
Bitcoin Cash floated above its 200-SMA and a move below this level was not expected over the next few trading sessions. ALGO’s short-term movement was mixed and a move in either direction would be dependent on cues from the broader market. Finally, DGB formed a bullish divergence on the CMF, projecting that the price could...Read More
Bitmain co-founder Jihan Wu officially announced his resignation in a signed statement published on Tuesday. An excerpt from Wu’s cryptographic message reads: “The disagreement between Micree and myself, the two co-founders of Bitmain, has been finally settled in an amicable and, more importantly, a constructive manner.” As part of the settlement, fellow co-founder and rival...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Monero‘s price was hovering just above the lower trendline of a bearish pattern at press time, with the crypto anticipating a bounce higher. A successful bounce could push the privacy coin’s price up by...Read More
EOS was trading below its 200-SMA and projected a prolonged bear market as its indicators favored the selling side. XEM targeted a move above the $0.229-resistance, backed by a surge in trading volumes and buying activity. Finally, COMP failed to breach its immediate resistance and a shift of momentum towards the bearish side could see...Read More
Bitcoin‘s price is range-bound in the short to medium term for sure, but in the long-term, the price has been showing no bullish signs. Hence, an obvious place to turn to is the past. Although the past tells a brief and unclear story, it is a story that cannot be ignored. The history of Bitcoin...Read More
Donald Trump is no longer President of the United States. Democrat Joe Biden is the 46th President of the United States and Janet Yellen is the Treasury Secretary in his administration. Despite a change in government, the underlying problems in the economy remain the same. The question thus is – Does this change the trajectory...Read More
Stellar Lumens traded below its 20-SMA and underlined a bearish market as the price headed towards its $0.24-support level. WAVES moved below an ascending parallel channel and a fall towards the $6.4-support could offer confirmation to the pattern. Finally, DASH found support at $130, but limited buying activity and trading volumes could keep the price...Read More
Many of the market’s altcoins gained significantly on the price charts around the 17th and 18th of January. However, this wasn’t to last, with the likes of Cardano, Cosmos, and YFI soon depreciating on the charts on the back of Bitcoin’s lacklustre performance. ADA, ATOM, and YFI’s movements weren’t uniform though, with the alts’ recovery...Read More
The Chicago-based company has increased its position to GBTC by about 24% from October to late December, according to a recent filing with the US Securities and Exchange Commission. The financial institution now owns 30,454 GBTC shares. Founded in 1908 in Chicago, Rothschild Investment Corporation is a registered financial brokerage, dealer, and a member of...Read More
The current frenzy in the crypto sphere has instigated arguments surrounding bitcoin’s capacity to replace fiat currency, and notable individuals in the conventional banking sector have recently expressed their opinions on the subject. Central Bank executives Weigh in on the Future of Crypto About two weeks ago, the president of the European Central Bank, Christine...Read More
While Ethereum, the world’s largest altcoin, may have had a good few days on the price charts, this hasn’t been the case for the rest of the market’s alts. In fact, while ETH surged to a new ATH, the likes of Bitcoin SV, Ontology, and Zcash continued to depreciate. This wasn’t unexpected, however, especially since...Read More
XRP formed a bullish reversal pattern and was set to test the $0.3 level of resistance over the next few days. Tron showed bullish momentum as the recent spate of selling appeared to have ended. Synthetix surged to $17.7 from $14 and could reach $20 in the coming days. XRP Source: XRP/USD on TradingView XRP...Read More
From a lowly $0.17 on 1st January, Cardano has taken an authoritative charge in the market, rallying by more than 100% over the course of the past 3 weeks. Currently valued at $0.360 on the charts, Cardano had a market cap of $11.18 billion sitting tightly at 6th in the market. Cardano 6-hour chart Source:...Read More
The Singaporean private banking arm of OCBC Bank has dismissed the chances of cryptocurrencies eventually replacing fiat currencies as a medium of exchange. However, the large institution believes that BTC and other altcoins can replace gold in terms of serving as a store of value. Cryptocurrencies: Store Of Value; Not Medium Of Exchange Ever since...Read More
The collective crypto ecosystem exhibited a significant decline on the 21st of January. Bitcoin dropped down to $28,880 and after registering a new all-time high, Ethereum dropped down to $1081. However, while Ethereum and other altcoins have managed to recoup higher levels in the charts, Bitcoin is still struggling below its immediate resistance range. At...Read More
During the past week, Bitcoin’s performance on the charts hasn’t been very inspiring. The coin has struggled to regain strong bullish momentum and go past key levels of resistance without being subject to further price corrections. At press time, Bitcoin was trading at $33,076 with a 24-hour trading volume of $31.7 billion. Source: CoinStats In...Read More
With Ethereum’s price retesting its ATH levels, it is time to either blast-off or crash for the coin. Regardless of what happens, ETH seems to be setting itself up to come out on the top for a new leg of the rally. As bulls recuperate their momentum, it is a ‘make or break’ moment for...Read More
Chainlink surged past $24 but displayed bearish divergence, which could see LINK pullback to around $22. Monero struggled to recover from the past few weeks’ selling pressure while Ethereum Classic rose toward the $8 level of resistance once more. Chainlink [LINK] Source: LINK/USD on TradingView LINK breached its previous ATH at $20 two weeks ago...Read More
After Bitcoin dropped on the 21st of January, the investors dropped back to a previously used market strategy that supposedly triggered BTC’s bull run; hodling. As reported previously, dormant coins undergoing movement during the massive $42,000 high became dormant again, and hodlers settled back to navigate through the bearish storm. However, the rally which started...Read More
The leading cryptocurrency asset manager, Grayscale Investments, has donated $1 million to the non-profit think tank focused on public privacy in the crypto ecosystem – Coin Center. Additionally, Grayscale has vowed to match every other donation up to $1 million through February 2021. Grayscale Donates $1M To Coin Center Based in Washington, DC, Coin Center...Read More
Polkadot broke out of a range and moved lower to retest the range highs, projecting an upside target of $21 should the $18.2 region hold steady. IOTA was in a period of consolidation, and Aave showed strong bullish momentum as it surged to a high of $280 before facing some selling pressure. Polkadot [DOT] Source:...Read More
Cardano recovered from its drop to $0.285 and entered a phase of consolidation over the past few days. Cosmos formed a bullish triangle pattern but in the coming days was likely to see a drop to $7.15, should the $8 support not hold and SushiSwap had strong bullish momentum behind it as it targeted the...Read More
Ethereum price hit a new ATH of $1476 on Monday after recently testing the previous ATH a few days ago. While ETH’s resurgence is bullish in the short-term it is yet to determine how the long-term outlook will evolve. At press time, there are conflicting long-term outlooks but the short-term scenario seems bearish for the...Read More
Ethereum broke its ATH and showed signs of bullishness as it projected a target of $1632 to achieve over the next week. Tezos was in an uptrend but faced some resistance above the $3 region and Uniswap surged to $12.5 but could witness a pullback. Ethereum [ETH] Source: ETH/USD on TradingView For the move from...Read More
Hot on the heels of Bitcoin, the world’s largest cryptocurrency, registering its own ATH a few weeks ago, it would seem that the world’s largest altcoin is intent on replicating BTC’s performance as well. Ether has now breached its previous ATH and registered a new high at $1476 in the early hours of 25 Jan....Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice Litecoin has traded within a range since late December and approached the mid-point of the range. Technical indicators showed that the momentum has not quite flipped bullish for LTC, meaning that the reaction of...Read More
The major cryptocurrencies in the market have been consolidating but in most markets, bullish trends have been overtaken by bearish ones. Major cryptocurrencies like Chainlink [LINK], Monero [XMR], and BitTorrent [BTT] have been currently noting rising pressure from the sellers. Source: CoinStats Meanwhile, for the world’s largest cryptocurrency – Bitcoin, the past 24-hours saw the...Read More
