Bitcoin’s latest price rally has pushed the cryptocurrency’s value higher on the price charts, with BTC briefly climbing to $25,000 as well. However, while for a time the said rally was driven primarily by institutions, with Christmas over and the rest of the festive season coming up, one might expect institutions to leave the reins...Read More
Bitcoin’s rising market dominance meant that Bitcoin was still outperforming most altcoins, with the same climbing to 69.75%, at press time. EOS settled into a phase of consolidation above the $2.6-support level after the rejection at $2.72. Finally, Basic Attention Token‘s charts suggested that it was on a downtrend, while NEM consolidated under a level...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice The cryptocurrency market is once again rising to the tune of Bitcoin’s movement. As the world’s largest cryptocurrency climbed to $25k, albeit briefly, the rest of the market rallied too. Although not at...Read More
It’s been a good few weeks for IOTA and its community. Not only did the development team release the Chrysalis Phase 2 testnet to the public in mid-December, but it also released an alpha version of Stronghold, an open-source software library for IOTA Seeds. However, December hasn’t been entirely free of controversy for IOTA, with...Read More
The Canada-based financial technology company Mogo plans to make an initial corporate investment of over $1 million in bitcoin and increase the amount next year. The crypto-friendly fintech firm has joined the recent trend of sizeable corporations that allocate funds in BTC. Mogo To Allocate 1.5% Of Its Assets In BTC The Vancouver-based fintech company...Read More
While Ethereum did move to the upside of the $615-zone, there was no breakout yet for ETH as $637 posed dogged resistance. On the contrary, IOTA traded within a range that extended from $0.288 to $0.32, while Dash showed it could be poised for a minor dip in the coming hours. Ethereum [ETH] Source: ETH/USD...Read More
Chainlink fell down to $8.72 on the charts, but it bounced back and it could reclaim the $11.9-level as support. Decred was poised for a breakout towards $40, while Waves saw a lot of selling over the past couple of weeks and it found stiff resistance around the $7.3-region. Chainlink [LINK] Source: LINK/USD on TradingView...Read More
After days of consolidating its position above the $20,000-mark, Bitcoin, the world’s largest cryptocurrency, finally breached the price level of $25,000 for the first time in its history today on exchanges like Coinbase and Bitstamp. While BTC did fall below the level soon after, many expect BTC to climb back up again soon. Source: Coinstats...Read More
23 December 2020, will be a day XRP holders would want to forget. The 52.92% drop during a 24-hour window indicated a catastrophic impact following news breaking regarding SEC’s decision to file a lawsuit against Ripple. Market corrections took charge the next day, and the coin managed to register a position above $0.33. While the...Read More
After Bitcoin noted a gain in price, altcoins Ethereum, Ethereum Classic and Cardano followed suit and rose along with the broader market. Ethereum [ETH] Source: ETH/USD, TradingView ETH’s 4-hr chart showed that prices have been consolidating between $575.50 and $637.46 for the past 4 days. At press time, the world’s second-largest cryptocurrency was rising along...Read More
After recovering from the aftermath of the $1 billion shorts liquidation in Bitcoin, traders have now been hit with increased activity on the Bitcoin network. The supply shortage narrative may still be at play; however, there is more stability than one would expect above $23,000. It may come as a shock to many, but network...Read More
Calling Litecoin a surprise performer in the present bull run is odd. The asset has been a major altcoin for years but over the course of 2020, other assets had overshadowed LTC. During several rallies, LTC remained quiet, and the likes of Chainlink, Binance Coin, and even Polkadot overtook on several occasions. The recent bullish...Read More
Although BAT, XTZ, and EOS had been under strain during the month of December, prices picked up pace over the past few trading sessions which painted a picture of optimism for the altcoins. Basic Attention Token [BAT] Source: BAT/USD, TradingView While BAT’s price tried to gain momentum since mid-December after a difficult start to the...Read More
While Bitcoin, the world’s largest cryptocurrency, was happy to consolidate its position on the price charts, most of the altcoin market was witness to a bloodbath, with a host of cryptocurrencies depreciating significantly. XRP, understandably, was one of the worst-hit, with Dogecoin and Bitcoin SV following suit. XRP Source: XRP/USD on TradingView XRP, one of...Read More
The last few days haven’t been great for most of the crypto-market, with many of the industry’s altcoins seeing red on the charts, having failed to build on the impetus provided by Bitcoin’s price movement. While hikes were momentary, subsequent corrections have been significant in the cases of Bitcoin Cash, Tron, and Cosmos. Bitcoin Cash...Read More
Since crossing its previous ATH on 16th December, Bitcoin has done considerably well to maintain a position above $21,900 since the 17th. The king coin has not spent this much time at all-time high levels in the previous phases of bull run, and it continues to baffle the market. Over the past few days, other...Read More
The impact of Bitcoin’s bullish movement on the rest of the market wasn’t meant to last as many alts that did register brief hikes across the board when BTC climbed to a new ATH, were also quick to register corrections. In light of Bitcoin’s market dominance of 68%, one can expect these altcoins to soon...Read More
With so much confusion in the market regarding XRP and Ripple, there’s one lingering question among holders, “Should I buy/sell/hold XRP?” It all started with the SEC lawsuit. Ripple Vs. SEC: The Lawsuit The lawsuit filed by SEC against Ripple and its two executives – Chris Larsen and Brad Garlinghouse – is the most trending...Read More
With a value of $23,324 at press time, Bitcoin seemed to be spending a record period of time above $19,000 (previously it was less than 24 hours). The crypto-asset’s price growth should have turned the wheels on major derivatives exchanges, but surprisingly, that hasn’t been the case. CME’s cash-settled Futures contracts have been under the...Read More
Thanks to Bitcoin’s overwhelming market dominance, the altcoin market’s high correlation stats with BTC shouldn’t be unexpected. Despite Bitcoin maintaining its bullish position on the charts, many of the market’s alts haven’t quite replicated that movement, with the likes of Monero, Dash, and Augur moving in the opposite direction instead. Monero [XMR] Source: XMR/USD on...Read More
With Bitcoin holding firm between $22,500 and $23,500 for the past few days, one would expect the market’s altcoins to hold steady and consolidate as well. However, while Bitcoin has remained bullish, many alts were unable to sustain their market momentum, with the likes of Binance Coin, Chainlink, and EOS exhausting themselves on the price...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Consensus dictates that the cryptocurrency market is a bull market right now. And yet, Tezos has fallen by 58% since 13 August. In fact, during the latest price rally in November, the crypto-asset hardly...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 recently registered a drop quite similar to the one witnessed on 25 November, with BSV treading a similar support level too. Although a lot of altcoins are in disarray, some are trending...Read More
The United States has been seeing many crypto-centric businesses come under stricter regulatory scrutiny lately. This was evidenced by the fact that the Treasury Department and other agencies on Wednesday asked the aforementioned firms to tighten protections against money laundering, while on the topic of the recent question of stablecoin regulations. According to a statement...Read More
Bitcoin’s price took a minor hit in the last 24-hours, with the cryptocurrency’s price dipping below $23k briefly, before recovering to trade at $23,162. The aforementioned time period was also evidence of Bitcoin’s influence on the crypto-market, with many altcoins going into a downward spiral following the king coin’s price correction. Source: Santiment Despite the...Read More
Bitcoin’s correction was a drag on the broader market and it saw altcoins like Tron, Waves, and FTX Token move lower on the charts. While Tron and Waves seemed to have been drastically affected by Bitcoin’s movement, FTT’s daily loss was minimal compared to the other two. Tron [TRX] Source: TRON/USD, TradingView Tron’s price has...Read More
News of the SEC lawsuit against Ripple has sent the price of XRP on a downward spiral, with the cryptocurrency falling by over 32% in the last 24 hours alone. Following the same, reactions were quick to come from all corners of the crypto-community, with Ripple CEO Brad Garlinghouse calling the lawsuit ‘illogical,’ claiming that...Read More
After Bitcoin, the world’s largest cryptocurrency, registered a slight correction in its price, altcoins such as Bitcoin Cash, NEM, and Decred followed suit and fell down the charts too. Bitcoin Cash [BCH] Source: BCH/USD, TradingView Bitcoin Cash’s price registered a lot of volatility in the month of December. At the start of the month, the...Read More
A day after the former chairman of the United States Securities and Exchange Commission, Jay Clayton, stepped down, the watchdog has its new chief in the face of Elad Roisman. Hester Peirce, an SEC Commissioner who’s well-known within the cryptocurrency community for her stance on a potential Bitcoin ETF, broke the news that the Commission...Read More
Bitcoin has been trading above its 2017 ATH for almost a week now and yet, it seems to be showing no signs of heading lower, despite the many attempts by the market’s bears. Interestingly, Bitcoin bears might have to face more bad news since, at the time of writing, it looked like the cryptocurrency’s price...Read More
