Bitcoin price crashed by around 7.7% as of Thursday after experiencing a similar crash of 9.5% the day before. Unlike yesterday, today’s crash seems to be whales dumping their holdings and this is happening on Coinbase. Bitcoin price crash: What caused it? Source: CryptoQuant Bitcoin whales have begun depositing their holdings on to exchanges since...Read More
Lawyers representing the self-proclaimed Satoshi Nakamoto, Craig Steven Wright, have sent letters to two websites, asking them to remove BTC’s whitepaper. While bitcoin.org has refused to do so, noting that these claims are meritless, bitcoincore.org has deleted the whitepaper. CSW Lawyers Demand BTC Whitepaper Removal Popular Bitcoin contributor, going by the nickname “Cobra,” who was...Read More
XRP tested the $0.3 level of resistance repeatedly, and flipping this level of resistance to support would be a significant development for the bulls. EOS showed neutral short-term momentum as it traded above a level of support. IOTA climbed past $0.45 and targeted the $0.54 level of resistance. XRP Source: XRP/USD on TradingView XRP has...Read More
According to reports, ETH miners raked in nearly 20K ETH in gas fees last week on top of block rewards. This was largely due to Ethereum’s price rise over the past few weeks as the cryptocurrency recorded gains of over 108% since last month. In fact, ETH is poised to become even more valuable going...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 past week has seen Cardano trade between the $0.32 and $0.385 price range. Levels of importance within this range are highlighted and the short-term outlook for the coin appeared to take a turn...Read More
Despite maintaining long-term bullish views on bitcoin, Guggenheim Partner’s Chief Investment Officer Scott Miner believes that the asset will not surpass its early 2021 top of $42,000 again. As such, he doubled-down on his short-term bearish perspective, saying that BTC could drop as low as $20,000. Is Bitcoin Heading For $20K? It’s safe to say...Read More
Ethereum reached its two-year highs at $1440 but was unable to push past. Climbing above $1450 would set $1625 as a target for bulls while falling beneath $1290 could see ETH revisit the $1150 support level. On the other hand, Monero showed bearish momentum and was trading just above a crucial level of support while...Read More
Since the launch of Shelley in July 2020, implementing Goguen, the next era of the Cardano blockchain, has been the focus of the Cardano Foundation. However, the much-anticipated launch is still yet to be scheduled – something that may come down to the technical difficulties associated with executing it. The subject was touched upon by...Read More
After suffering its first weekly loss since September 2020, Bitcoin failed yet again to consolidate its position above the $36,500-mark. From a low of $33,833 on 17 January, Bitcoin rallied to breach the $36,300-$36,500 range on the charts. However, this was brief, and the crypto-asset soon re-traced back under its resistance level. Source: BTC/USD on...Read More
The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC). BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the...Read More
Bitcoin‘s price was trading at $35,500 after a correction of 7% in 24 hours, at press time. However, such a correction might just be the beginning of a much larger correction, one that might push BTC to $25,000. Although a lot of investors are in disbelief about the bull run and are expecting it to...Read More
Chainlink and Aave moved south after touching record levels as losses in the broader market had a negative effect on their prices. Further, Compound too flashed red, at press time, after a breakout was witnessed from its rising wedge pattern. Chainlink [LINK] Source: LINK/USD, TradingView After touching record levels, Chainlink’s price cooled down and fell...Read More
When it comes to investing in Bitcoin, investors are always trying to calculate a correct entry. Whether it is at the start of a bull run or at the start of a correction, the debate is always on. While the endgame remains to make a profit, the idea of stacking sats is also predominantly based...Read More
Bitcoin Cash eyed a move towards the $469.4-support level as the price moved south from its 20-SMA and 50-SMA. SNX registered a correction after the price fell by over 9% following its all-time high. Finally, ONT moved south from an ascending parallel channel and targeted the $0.591-support level. Bitcoin Cash [BCH] Source: BCH/USD, TradingView Bitcoin...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Unlike Bitcoin, Ethereum‘s price is having trouble staying close to its ATH on the charts. This can be evidenced by the fact that ETH’s price has dropped by over 10% since it closed in...Read More
The January 15th deadline passed, and, as somewhat expected, the parties in the NYAG v iFinex case are yet to conclude the production and submission of the requested documentation. As reported by CryptoPotato earlier, January 15th was a much-anticipated date regarding the case between the New York Attorney General’s office and iFinex – the parent company of...Read More
When the third halving took place on 11 May 2020, Bitcoin and Gold were correlated. Today, on the 12th day since Bitcoin hit a new ATH on the price charts, Bitcoin and Gold are uncorrelated. The reversal in the said correlation is incredible, but there is a historical precedent here too. After all, this is...Read More
It’s been a good 12 months for the DeFi ecosystem. Not only did the sector’s TVL climb to exponential heights, but its total market cap ($16.5 billion) also overtook that of XRP’s ($10.66 billion) recently, according to data from Messari. In fact, the last few weeks also saw XRP, one of the old stalwarts of...Read More
A survey compiled by the multinational investment giant Deutsche Bank concluded that more than half of investors believe bitcoin and US tech stocks to be the biggest market bubbles. Consequently, the participants, most of whom are professional investors, predicted subsequent corrections. Bitcoin Is The Biggest Market Bubble? The primary cryptocurrency has been on a tear...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s price was trading above $35,000 at press time, with the cryptocurrency aiming to head higher as it bounces off a consolidation pattern on the charts. This pattern suggests that the consolidation might keep...Read More
2020 was an exceptional year for Bitcoin. After facing a tumultuous time during the end of the 1st quarter, the largest digital asset performed admirably to end its year on a new all-time high. The asset has continued its rapid growth into 2021 as well, currently valued at just under $38,000. With institutions becoming increasingly...Read More
Opinions have varied ever since the United States’ SEC filed a lawsuit against Ripple a few weeks ago, a development that for a brief while left the cryptocurrency XRP tanking. However, while quite a few exchanges and trading platforms have already de-listed or suspended XRP trading in the aftermath of the same, a few others...Read More
The privacy coin Firo, which is formerly known as Zcoin, is currently going through a 51% attack. The team is yet to share further details, though they’ve clarified that they are working with exchanges and pools at the time of this writing. Privacy coin Firo is currently going through what is known as a “51%...Read More
After Bitcoin failed to hold on to the $36,000-level, the larger altcoin market registered negative gains on the charts. Alts such as Litecoin and Algorand flashed red at press time and traded close to their respective support levels. On the other hand, VeChain ignored broader market cues and surged to record levels. Litecoin [LTC] Source:...Read More
Binance Futures is in the news today after it announced the launch of a DOTECO (Polkadot Ecosystem) Composite Index perpetual contract. The DOTECO Composite Index perpetual contract is a USDT-margined Futures contract that uses USDT as collateral. According to the said announcement by one of the market’s biggest crypto-exchanges, the DOTECO Composite Index is denominated...Read More
Bitcoin climbed to its new all-time high on 9 January 2021 and at press time, it seemed like it might be Ethereum’s turn to set a new ATH of its own, three years on from its previous one. Beginning the day at just over $1,250, one can argue that breaching its old ATH and setting...Read More
While at press time Ethereum’s price was going parabolic, it would seem that Ethereum’s daily transaction volume has been going parabolic too, according to Messari’s Crypto charts. In fact, the world’s second-largest cryptocurrency is now settling over $12 billion in daily transactions. To put that figure into perspective, that is $3 billion more than Bitcoin....Read More
EOS eyed a breakout from its press time channel to touch the $2.91-resistance level. BAT formed an ascending triangle on the chart and a northbound breakout can be seen over the coming days. Finally, MKR moved within a fixed channel and although the price was bullish, a move above its press time resistance level was...Read More
Over the past week, a couple of market contradictions shook the Bitcoin industry. After a rally that had been ongoing since Q4 of 2020, BTC finally recorded a weekly loss for the first time since September 2020. However, while the crypto-asset consolidated under the resistance level of $36,500 for a majority of the time, its...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’s price looked ready for a breakout from its 3-day long consolidation on the charts. This breakout is expected to be bullish considering the prior trend. In fact, a 10% to 20% surge seemed...Read More
