With Bitcoin’s price undergoing a slight correction on the charts, many of the market’s altcoins were reading red, at the time of writing. In fact, popular altcoins like Chainlink, Cosmos, and Dash saw their prices fall by up to 16 percent in the past 24-hours alone. Chainlink [LINK] Source: LINK/USD, TradingView Chainlink’s performance over the...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s market has been trending lower over the past few days and in light of its correlation with the rest of the market, the altcoin market is dipping too. Ethereum, the world’s second-largest...Read More
Among the likes of Litecoin, Steem, and Zcash, LTC seemed to be the only alt holding up as its 2-month returns stood at a staggering 126% at press time, while the rest were in negative territory. With the alt season on its way, these altcoins might see some positive changes in their price soon and...Read More
Former presidential candidate, member of the United States Democratic Party, Andrew Yang, has filed paperwork to run in the upcoming 2021 New York mayoral race. Yang has previously called for more transparent and uniform regulation around cryptocurrency. Andrew Yang to Run for New York City Mayor in 2021 Earlier this year, Yang’s bid to the...Read More
Binance KR, the South Korean wing of crypto-exchange Binance, announced today that it will be closing down. All new registrations and deposits will be closed on 24 December 2020, while withdrawals will close on 29 January 2021. In light of such a development, non-Korean citizens who have BKRW at Binance.com will be able to trade...Read More
Altcoins Bitcoin SV, Ontology, and Compound were trading in the red at press time, unable to sustain recent levels that were set after Bitcoin’s momentous $23K price breach. Bitcoin SV [BSV] Source: BSV/USD, TradingView So far, December has been a rough month for Bitcoin SV as it has been unable to sustain the level it...Read More
Bitcoin continues to be a digital asset with great demand in the market and retail and institutions are in a race to get their hands on as many BTCs as possible. From the institutional side, Grayscale has been filling its Bitcoin bag with more and more BTC like many others. According to a recent update,...Read More
Following news of the legal action, which alleged that Ripple had been conducting unregistered securities offerings worth $1.3 billion, the price of XRP plummeted heavily. But things are getting worse for the cryptocurrency. The drastic fall in price was just one of XRP’s problems as several crypto trading companies have quickly moved to disassociate themselves...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The Bitcoin market has been surging at press time, while the market of Chainlink has been noting a drop. This inverse relationship between the two has been because of the low correlation between the...Read More
Institutional interest in Bitcoin may have led to new highs but miners have always emerged as the main proponents of Bitcoin price rallies. Such was the case in 2017 and in 2020, there have been a few signs from miners’ involvement in the price rally. Bitcoin miner’s outflow has dropped over 68% since November 2020...Read More
Inspired by Bitcoin’s recent price surge, altcoins Monero and Algorand shot higher along with the broader market, while Stellar went against the trend and registered a decline in price. Stellar Lumens [XLM] Source: XLM/USD, TradingView Unable to sustain the upward momentum set by Bitcoin’s price, Stellar has seen a volatile month of December. Last week...Read More
Cardano’s price is witnessing a roller-coaster ride and is currently trading at $0.1506 with a market cap of $4.7 billion making it the 10th largest crypto in the world. With bitcoin treading slow, altcoins have a chance to surge, and the same opportunity can be seen with Cardano. Cardano 4-hour chart ADAUSD TradingView As seen,...Read More
The altcoin market took a bit of a beating over the past few hours as many large-cap coins turned red on the charts. Bitcoin Dominance rose to show 68.68% at the time of writing, Ethereum saw a rejection at $640 in recent hours and was likely to test the $583 level of support. Zcash was headed...Read More
China has been the only nation until now that has been quite confident about the release of its own digital yuan. The central bank of China, the People’s Bank of China [PBoC] has been taking steps to move ahead with the development of its digital currency ever since the COVID-19 pandemic. Its progress has also...Read More
Bitcoin trading above the $23000 level quickly caught up with retail traders and became the new norm on spot exchanges. When the price dropped below the ATH, the narrative of buy the dip meant buying above $22000, and this price range was the new dip. However, the cryptocurrency market is fast, and traders may have...Read More
Litecoin mounted a strong defense of the $100 level but was headed lower once more, with $108 being a level bulls would seek to defend. Cosmos bounced feebly off the $4.8 level following a bullish divergence, but bears pushed the prices lower and could flip it to resistance and Dogecoin retraced some of the gains...Read More
Bitcoin Cash is currently facing a period of sideways movement in the chart. The asset moved to $379 on 21st December, but a strong bearish onslaught declined its valuation down to $308. While a key pair of supports were breached in the process, the uncertainty in the short-term chart remains evident for Bitcoin Cash, as...Read More
The United States’ Securities and Exchange Commission’s legal action against Ripple and its CEO, Brad Garlinghouse, and co-founder Chris Larsen have spelled trouble for XRP. Amid falling prices and speculation in the market, prominent digital asset exchange OSL suspended all XRP payments and trading services. The tweet from OSL read: “Please note: In light of...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The cryptocurrency market has been forming crests and troughs with no major price swings. The Binance Coin has also been currently moving higher on the price scale after the price dropped to $30. At...Read More
Bitcoin rose above $23,000 once more but the altcoin market posted losses over the same time period. At press time, the king coin was being traded at $23,561 with a 24-hour trading volume of $26.9 billion. Source: CoinStats Chainlink bounced off a level of support but bears were determined to drive the prices further down....Read More
The United States Securities and Exchange Commission has pressed formal charges against Ripple. The watchdog is going after the company for conducting a $1.3 billion unregistered securities offering. CryptoPotato reported earlier today that the United States Securities and Exchange Commission (SEC) is preparing to sue one of the largest companies in the cryptocurrency field –...Read More
Binance Coin lost some of its recent gains, and despite the bearish strength, bulls have a hope of defending the $30 level. The same could not be said for IOTA as it appeared likely to drop to an imminent level of support. Algorand reversed directions a few days ago and could retrace all the gains...Read More
As Bitcoin’s price rallied above $24000 and hit a new ATH, it garnered most of the institutional and retail attention this week and over the past weekend as well. With all focus on Bitcoin, investment flow into altcoins dried up. With dropping demand, altcoin trader profits bled based on data on top 10 altcoins based...Read More
The last three days for Ethereum have been brutal. After capturing a position above its previous high of $637 for 48 hours, the asset has depreciated strongly and dropped briefly under $600 over the past day. Currently valued at $602, Ethereum faces its previous resistance again at $637 and over the next few days, it...Read More
Cardano had a long-term bullish outlook as it traded above the mid-range after establishing and sweeping key highs and lows. Yet its short-term momentum was bearish, and a retest of the $0.149 support was likely. Monero dropped beneath a level of support and could head as low as $140 before the bulls step in. Basic...Read More
The performance of altcoins like Chainlink has been quite strong with LINK managing to post returns of 530% to its investors in Year-to-date. Unlike other major altcoins, LINK has not been highly correlated with Bitcoin and this somewhat weak correlation has restricted LINK from surging as much as other alts during the Bitcoin rally. However,...Read More
With Bitcoin trading above $22600, at the time of writing, the conversation regarding a Bitcoin ETF has started all over again. After all, there are well-developed Bitcoin ETF, ETP markets in Switzerland, ETNs in Sweden, and Germany’s new ETP now stands at $190 Million. Matt Hougan, CIO at Bitwise was quoted talking about Bitcoin ETFs...Read More
When Bitcoin traders make mortgage payments using a debit card so they can earn cashback in Bitcoin, and call it a cheat code in life, it may be time to check the charts for a price peak. Bitcoin’s price recently crossed $24000 and after hitting a peak, the asset is now trading above $22800 at...Read More
So, which are the altcoins that will help you maximize your returns in the next alt season without actually letting you lose sight of the long-term goal, that is bitcoin? Answering this question will be the goal of this article. Markets, be it stock or crypto are mysterious, to say the least. However, from time...Read More
Chainlink’s network growth has been tremendous this year. With major projects integrating Chainlink Oracles, the decentralized project has become a prominent part of the decentralized finance ecosystem. Recently, it added another feather to its cap with RedFOX Labs, a platform supporting esports and gaming applications, announcing that it will be running its own Chainlink node....Read More
