Trading above $35,000, Bitcoin continues to pass milestone after milestone as reports show that the cryptocurrency received the most capital inflow this month compared to tech stocks and traditional investments. Long Bitcoin Wins Most Crowded Trade A recent survey conducted by the Bank of America on fund managers with over $500 billion in AUM reveals...Read More
The DeFi ecosystem took the crypto ecosystem by storm in 2020 after undergoing a rapid bullish rally. The landscape of finance based decentralized applications witnessed billions of dollars in investment, as certain projects such as Yearn Finance, Uniswap, and SushiSwap created a massive stit in the market. However, after the momentum started to decrease, various...Read More
As Bitcoin closed in on the $37,000-mark, the altcoin market looked to move in alliance with the king coin. Similarly, altcoins like TRX, XEM, and ZEC all flashed green during press time. Although momentum rested with the market’s bulls, indicators on TRX and XEM registered the possibility of a bearish pullback towards their respective support...Read More
While Bitcoin’s price has more than doubled from its previous all-time high of $19,666 for the first time in almost 3 years, not a lot seems to have changed for India. For a country with 1.35 billion in population and a GDP of $2.7 trillion, getting on board with cryptocurrency aka digital/virtual currency seems to...Read More
Binance Coin and Cosmos touched record levels after a surge in market leaders BTC and ETH‘s charts lifted the broader cryptocurrency market. Further down the crypto-ladder, DASH registered a breakout and was heading towards the $136.38-resistance level. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin cooled off from its all-time high and traded close to...Read More
The leading digital asset manager Grayscale continues to tighten its grip on the bitcoin supply. According to recent estimations, the company now owns over 3% of all the 21 million BTC that will ever exist. Grayscale’s BTC Domination Launched in 2013, Grayscale is the largest cryptocurrency asset manager with over $27 billion in assets under...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 SV’s price was stuck in a low volatility zone, with 4-hour candles varying between -3% to +3% returns. While the trend seemed to be continuing, BSV seemed to have retained its bullishness as...Read More
Despite Bitcoin clawing back to regain the $36,000-mark, altcoins such as Monero, Ethereum Classic, and Dogecoin remained cautious and awaited further cues to make a definitive move on the charts. In fact, a bullish scenario could see XMR topple its present resistance and move towards $162.4. ETC showed bullishness, at the time of writing, but...Read More
Ethereum‘s price is on a parabolic rally right now, and it is very close to hitting a new ATH on the charts after breaching its previous ATH, a level set back in January 2018. In fact, its surge has been quite similar to Bitcoin’s when it was near its 2017-highs. If the same does come...Read More
The cryptocurrency asset manager announced the release of a new Bitcoin exchange-traded product (ETP), in which every unit will be backed by 0.001 BTC. The custodian will be a joint venture developed by CoinShares, Nomura Holdings Inc, and Ledger. According to a Bloomberg report, CoinShares’ newest Bitcoin-related product will go live today – January 19th,...Read More
The cryptocurrency market had been moving sideways given the lack of momentum in the Bitcoin market. However, on 18 January, the market saw a slight boost, and the prices of most cryptocurrencies suddenly shot up. Major cryptocurrencies like Litecoin [LTC] surged, but the mid-cap and small-cap alts did not see much movement. Litecoin [LTC] Source:...Read More
XRP continues to consolidate under the $0.29 level after breaching the $0.30 range during the 2nd-week of January. The asset recently dropped down to 5th position as well, with Polkadot, taking over its 4th place. While the price is currently on a rise since the end of December, there remains a sense of uncertainty about...Read More
Stellar Lumens and Basic Attention Token were trading right beside their range highs. However, Stellar Lumens struggled to break past the resistance while BAT already has, and looked to surge higher. Aave made strong gains over the past week, and some levels of support are highlighted if it retraces some of those gains. Stellar Lumens...Read More
Amid the recent warnings issued by the UK Financial Conduct Authority on crypto scams, the giant asset manager Ruffer Investment has defended its decision to allocate about 2.5% of its portfolio in BTC. The UK-based company with over $27 billion AUM said that bitcoin’s adoption is still early as most investors are “desperate” for alternative...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 performed quite well in December, and at the time of writing, it was trading at $140, which is a 100% increase in comparison to the $70 low it registered the previous month....Read More
As the price broke out due to a surge in the Bitcoin market, many altcoins mirrored its movement and posted gains. Major altcoin, Binance Coin [BNB] has already been providing good returns to the investors, but other crypto assets were unable to break out of the dull market. Binance Coin [BNB] Source: BNBUSD on TradingView...Read More
Bitcoin SV showed weakly bearish momentum over the past few days, but that might be set to reverse shortly. Maker was in a phase of consolidation, and Dash showed some weak bearish pressure that could gradually push the price toward $116. Bitcoin SV [BSV] Source: BSV/USDT on TradingView Bitcoin SV’s charts resembled Bitcoin’s own price...Read More
As cryptocurrencies cement their position in investor’s portfolios, nations around the world are also showing great interest in digital currencies that are backed by fiat currencies. The idea of a Central Bank Digital Currency [CBDC] has surfaced from the need for secure and faster payments in comparison to physical cash. Currently, China has maintained its...Read More
Cardano’s price has surged by a massive 133% in the last 15 days and the rally shows signs of more upward movement. Trading at $0.378 ADA is ranked the sixth-largest cryptocurrency in the world in terms of market cap. The cryptocurrency has witnessed a reduced volatility phase leading to fairly stagnant price movement. Due to...Read More
SushiSwap is a popular DEX in the DeFi ecosystem and the platform has come a long way and shows promise considering the on-going developments in the space, partnerships it has been a part of, etc. However, when comparing SushiSwap to Uniswap, it seems like a flippening is in the works and is inevitable. Volume Source:...Read More
In 2020, quite a few radical shifts in trend took place in the cryptocurrency industry. While Bitcoin managed to witness another all-time high in December, Q1 of 2020 also saw Bitcoin drop down to the $4000 level. During that time, Bitmex faced an infamous DDoS attack, which led to a significant loss for a group...Read More
Bitcoin has to endure and overcome the $40,000 boundary in order to avoid a consequent major price correction. JPMorgan strategists say that otherwise, the major cryptocurrency might suffer investment outflow. The $40K Is the Key to Future Prospects for BTC According to a JPMorgan Chase & Co report, cited by Bloomberg, this level is an...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Polkadot’s price recently hit an all-time high of $19.47 and ever since then it has continued to hold on to this level. At the time of writing the value of DOT was $17.71, as...Read More
Bitcoin price seems ready for a drop leading to increased volatility and a revisit of $30,000 or a drop of 10% to 12% cannot be ruled out. Not just one but many indicators point to the bearish drop for bitcoin in the near term. Bitcoin on-chain indicator The SOPR indicator is a classic on-chain indicator...Read More
Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining. 45,000 BTC Mining Machines Confiscated In Iran Local media outlets reported that the police had seized...Read More
XRP moved within a thin channel and a breakout in either direction did not seem likely in the short-term. Tezos retested $2.84 support and eyed an upward move once again on the charts. ALGO’s price touched August 2020 levels, but a reversal seems quite likely given the overall sentiment. XRP Source: XRP/USD, TradingView XRP retested...Read More
The 2021 bull run of Bitcoin has pushed the digital asset to an unknown territory with regard to price discovery. The current value of the digital asset has been dropping and reached $35k which is still a price level unseen during the previous bull run. There has been a consensus in the market that this...Read More
Bitcoin Cash and IOTA were primed for a breakout as they formed a triangle pattern on declining trading volumes. Compound flipped the $211 level to support and was headed towards $250. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView Over the past few days, the trading volume has been declining while BCH formed a triangle pattern...Read More
Ethereum headed lower to a level of support at $1150, and if bulls are unable to defend this level, ETH could be headed to the $1000 region. Monero has been slipping lower on the charts over the past week, while DigiByte formed a descending triangle pattern and was poised for a breakout. Ethereum [ETH] Source:...Read More
Setting a new all-time high seems to be in fashion for many cryptocurrencies. Binance Coin joined the growing list as it rose past $47 in the early hours of Jan 18. However, after having breached the $47 level the coin experienced a pullback and was trading close to $46 at press time. Source: BNB/USD, TradingView...Read More
