The altcoin market, at the time of writing, was on its way towards recovery. Ethereum flipped $550 to support and rose steadily on the charts, prompting alts to climb alongside it. EOS and Basic Attention Token had a bullish outlook in the short-term, having recouped nearly half the losses following the recent drop. Finally, VeChain...Read More
After about $2 billion worth of longs were decimated during the recent crash, the only question that remained was this – “Is the Bitcoin correction over?” Bitcoin’s correction was incoming, however, nobody knew when to expect it. Moreover, with each surge, Bitcoin’s ATH just got closer. Hence, the cryptocurrency’s recent movements blindsided a lot 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 Cardano recorded a stark surge in its price, despite its drop of 30% following Bitcoin’s correction on the charts. Altcoins are the ones that suffer the most due to Bitcoin’s volatility and the same...Read More
As things stand, Bitcoin and Ethereum trail their respective 2017 peaks by 10 percent and 150 percent, respectively. Clearly, one is further away than the other, but both cryptocurrency’s markets are closer to the infamous bull market than you’d think. According to the market intel report by blockchain analytics firm Chainalysis, while Bitcoin might’ve seen...Read More
The altcoin markets appeared ambivalent in the short-term, at press time, after registering a sharp drop followed by moderate recovery on the charts. XRP held steady over a level of support and its recent pullback was not enough to change the bullish outlook for XRP on the longer timeframe. Zcash sent some mixed signals while...Read More
In what is an interesting development, Chainlink has announced its support for the development of in-demand Ethereum infrastructure projects via its participation in Gitcoin Grants Round 8. Hopefully, this puts to bed the irrational discussions on $ETH vs $LINK in the future because it’s obvious, crypto needs both projects to support each other in order...Read More
Guggenheim Partners is among the largest investment and advisory financial services companies. The Wall Street giant filed a document with the US Securities Exchange Commission (SEC) to enable one of its funds, dubbed the Macro Opportunities Fund, to allocate millions of dollars in bitcoin. According to the filing, the Fund plans to spend 10% of...Read More
While Bitcoin’s price was rallying on the price charts, DeFi tokens were adding TVL in both BTC and ETH. However, after the price dropped by 8.64%, DeFi’s TVL soon plummeted from $14.35B on 23 November to $12.7B in less than a week. This didn’t mean that DeFi’s rally was over though. In fact, while the...Read More
Ethereum appeared to form a strong region of demand around the $500-zone, a bullish development for the crypto’s long-term outlook. In fact, ETH has been climbing steadily over the past few days, something that could be bullish for a part of the altcoin market. And yet, taken individually, some of these coins had a short-term...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin has started its rollercoaster ride yet again. This has contributed to longs worth billions being liquidated as a result. As long as we have high volatility, we can expect this trend to continue...Read More
A potential SushiSwap exploit was discovered earlier today, with the same confirmed on Twitter by 0xMaki, General Manager at SushiSwap. According to 0xMaki, the culprit got around $10-15K so far from the 0.05% fees cut of SushiSwap, while also adding that LP funds are currently safe. In fact, reports from SUSHI’s Discord channel revealed that...Read More
For Bitcoin’s price, a pullback of 11% is not an unusual event. Call it weekend blues or price corrections, there have been even greater pullbacks in the crypto-asset’s market in the past. This is something that needs to be understood clearly as, over the past 3 years, no rally apart from the present one has...Read More
Bitcoin’s dominance was holding steady at the time of writing, with the same noting a figure of 62.92%. While the altcoin market appeared to be recovering from the recent price shock, some of these cryptocurrencies could record further losses on the charts. Tron, for instance, formed a bearish flag while Ontology was in a short-term...Read More
With the crypto-market rally finally gathering steam over the past few months, many expect the likes of Ripple to take the next step forward. A similar thought process was recently shared by Asheesh Birla, GM of RippleNet, after he appeared on the latest edition of the Lend Academy podcast to explain why Ripple’s Line of...Read More
NEM‘s strong performance over the past couple of weeks could see a setback after it formed a bearish reversal pattern on the charts, a development suggesting that it might lose a level of support at $0.169. Further, while Stellar Lumens was heading towards a level of support at $0.18, DigiByte was oscillating between two levels...Read More
Some of the market’s large-cap altcoins initiated a recovery on the charts after seeing their value slashed in a matter of hours, following Bitcoin’s own retracement. While Binance Coin’s recent gains were backed by bullish momentum, Waves did not register significant selling volume, even during the latest drop. Finally, Enjin showed that its market was...Read More
Over the past few months, the crypto-market has witnessed an influx of institutional investors, most of whom have set aside significant allocations in favor of Bitcoin. It would now seem that Guggenheim Partners will be the newest name to join that list. According to a recent SEC filing, the global investment management firm with over...Read More
The market cap of all cryptocurrencies was valued at $513.7 billion, and Bitcoin commanded a 62.92% share of that valuation. Although Bitcoin Dominance has fallen in recent days, it has been in a steady uptrend since early mid-September. Ethereum boasted a $59 billion market share, a number that can be expected to rise in the...Read More
After the Supreme Court’s ruling to quash the ban on cryptocurrencies in India, activity in the crypto space has grown significantly, however, some rumors have still emerged about the uncertainty regarding the legal status for Bitcoin and cryptocurrencies in the country. However, as Sathvik Vishwanath, CEO of Unocoin stated in a recent interview spoke about...Read More
Polkadot saw strong gains registered in past weeks and was forced to retrace some of them on the recent move down. The outlook for both DOT and Dogecoin was bullish in the medium to long-term, but they had bearish momentum that could drive the prices lower in the coming hours. Dash could see a consolidation...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 witnessing a wave-like movement. After the rally was stopped in the Bitcoin market, the altcoins also witnessed downtrends. Litecoin has also been witnessing continuous buying and selling among traders,...Read More
The Crypto Fear and Greed Index stood at 87 to show extreme greed in the market, even after Bitcoin’s recent drop of nearly 15% within a day’s time. Technical analysis showed that BTC had undergone a retracement to healthy levels of support and can be expected to rise in the coming weeks, but in the...Read More
Bitcoin’s price may be suffering from weekend slumps yet again and it has dropped over 11 percent from the $19,200 level. The market capitalization is down from $581 Billion to $512 Billion and on-chain analysts are comparing the price action in the past week to Gold’s fractal of the 70s. Mark Twain’s comment “history never...Read More
Bitcoin’s volatility is high this week, as the price has dropped from $19000 to $16900. The price hike was supported by the “shortage of supply” narrative. Looking at how the supply is not short anymore and based on data from Chainalysis, the change in BTC held on exchanges in the last day is 39.51k BTC,...Read More
Chinese authorities seized around $4 billion worth of bitcoin and other cryptocurrencies from the notorious crypto Ponzi group PlusToken. This comes after the Chinese police arrested the core team running the scheme in July. Around $4 Billion Worth Of Bitcoin And Crypto Assets Seized According to CryptoPotato’s previous report on the PlusToken saga, the crypto...Read More
Nearly every coin of relevance in the crypto sphere saw a drop in their price that coincided with Bitcoin’s correction from $19,400. Some altcoins were only correcting recent, strong gains, and can still be considered to be in a healthy uptrend on a longer timeframe. Cardano and Cosmos found strong support at important levels of...Read More
Bitcoin’s price came close to its all-time high and retracted once again. The price of the largest digital asset has also impacted the alts given their correlation, but with high volatility, the trends keep changing almost on a daily basis. At press time, BTC was witnessing a strong surge in its value, which also made...Read More
This past week has been one heck of a ride, and that’s by Bitcoin standards. After rising to over $19,000 for the first time since December 2017, teasing close to the ATH, Bitcoin crashed by nearly $3,000 in two days, and left the same old dinner conversation open – ‘Bitcoin’s too volatile to invest in.‘...Read More
When Bitcoin’s price was rallying, most traders were glued to trading platforms or whatever exchange it is that they trade on. The price climbed from $17000, all the way to $19000, and back, did they sell, and if they did, did they time it right? Why is it so hard to tell when it is...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice XRP’s value has moved up the price scale after months of restricted movement. The value of the third-largest digital asset reached $0.7852, after which the value began to decline. The world’s third-largest crypto,...Read More
