Bitcoin approached its ATH after years in a bear market. The euphoric sentiment aside, no asset moves upward in a straight line and retracements are part of a healthy uptrend. However, an eventual Bitcoin pullback could hurt the altcoin market in its immediate aftermath. Litecoin approached an important level of resistance on the back of...Read More
In this final article of the three-part look at Bitcoin in bearish-2018, we look at which investing period gives you the least loss. The reason for looking at such a pessimistic year while the market is on a bull-run currently is to bring some perspective. Let’s do a quick recap before the summary. Firstly, we...Read More
IOHK, the technology company behind the Cardano blockchain, today announced the introduction of SMASH – a Stake pool Metadata Aggregation Server, as a new component of the Cardano ecosystem. Noting that node decentralization is a “key element,” a primary reason behind introducing Smash is to allow IOHK to try and minimize the influence of bad...Read More
Bitcoin’s price crossed $18k on November 18, 2020, and this has led to bullish sentiments all across spot and derivatives exchanges. In the daily price chart, Bitcoin has rallied over 4.5% in less than 24 hours, marking a new high for 2020. The current bullish sentiment reflected in the price chart may also be dubbed...Read More
There is a sense of bullish urgency in every top digital asset at the moment, and XRP is no different. After taking a back seat for much for the rally, XRP breached above $0.254 on 13th November, and over the past-24 hours, it tested $0.30. XRP is currently consolidating near the present high and collectively,...Read More
Bitcoin has gathered more criticism than any other asset class in the past decade. However, one of the most popular and oldest arguments is that “Bitcoin could fail if it becomes a threat to national currencies it will simply get banned”. If you have heard this a bunch of times, let’s dive into why Bitcoin...Read More
Bitcoin cash isn’t the only crypto feeling the brunt of bitcoin’s volatility. Bitcoin’s return has surged the highest since August, accompanying this high return is the volatility, which has also seen a stark surge. The above table shows bitcoin volatility which has affected all altcoins’ returns and price movement. The highest volatility is being seen...Read More
The public blockchain project TomoChain has signed an agreement with Vietnam’s Ministry of Education and Training to provide DLT services. As a result, all certifications achieved by students in High School and Higher Education will be uploaded to the TomoChain blockchain network. TomoChain Enters The Vietnamese Market The Singapore-based blockchain company powered by a proof-of-stake...Read More
The Bitcoin billionaire bandwagon has another representative in the likes of Mexico’s second-wealthiest man – Ricardo Salinas Pliego. He recently highlighted the problems with fiat currencies, especially in Latin America, and clarified that his first BTC purchase came four years ago. Mexican Billionaire Points Out Fiat Problems According to a Forbes publication from earlier this...Read More
Bitcoin’s price hit an ATH of $18000 on November 18, 2020. Few hours prior to the price rally, open interest on top derivatives exchanges hit a new ATH of $6.4 Billion based on data from Skew. BTC Futures || Source: Skew Bitcoin futures have hit new highs previously, however interestingly every ATH has been closely...Read More
Ethereum saw a rapid move down from $492 to $470 and major altcoins saw a pullback as well. This could turn into a deeper correction if ETH continued to drop. Chainlink moved past $14 and could test resistance at $14.5 in the coming days. IOTA tried to climb upward but was met by selling pressure,...Read More
The Big Payday (BPD) is upon us. Referring to the 353rd day after the HEX contract launched, BPD marks the end of the 50-week launch phase on November 19. This is the point when the Launch Phase’s Adoption Amplifier – whereby ETH can be used to mint new HEX – goes away, and HEX will...Read More
Following the recent roller-coaster that resulted in a few massive four-digit price movements, Bitcoin appears to have calmed north of the $18,000 price tag. The alternative coins also followed the volatility ride but have ultimately lost market dominance against BTC. More interestingly, Bitcoin has managed to reach an all-time high value in terms of its...Read More
When it comes to trading with CFDs on multiple assets, there are multiple brokers in the trading industry but it is important to identify the right platform for consistent profits in the market. In line with the above information, T1 Markets is an online CFD trading platform where clients can choose from multiple assets such...Read More
Bitcoin had nothing but thin air above it to reach ATH, while Ethereum was trading above $480 once more, with $500 a level it has not been above since mid-2018. Tezos saw strong interest from buyers in the past week, while Compound appeared to be recovering from the last two months’ heavy losses. Ethereum [ETH]...Read More
The financial landscape of trading on assets continues to grow and more asset classes continue to arrive. Over the past decade, new popular have emerged such as Tesla, and digital currencies have established a completely different asset class. Now, traders have multiple options and markets to trade on. CFDs are becoming a popular investing tool,...Read More
Despite receiving nearly 500,000 answers telling her not to “go long on Bitcoin,” the actress portraying Arya Stark in the legendary Game of Thrones TV series, Maisie Williams, has gone against their advice and actually purchased bitcoins. Williams Defies The Critics And Buys Bitcoin As reported yesterday, the 23-year old actress took it to Twitter...Read More
SpaceX’s Crew-1 spaceship flew 4 astronauts to space yesterday. But it seems the shuttle also dragged the bitcoin and cryptocurrency market along with it. As in what happens to be a revisit of 2017, BTC smashed past the $18,000 price mark pushing the total digital asset market cap north of $500 billion. The excitement was...Read More
Bitcoin touched a high of $17,081 at press time and large-cap altcoins performed remarkably well in recent days as well. Cardano and Monero broke strongly upward out of a downtrend, while Vechain pulled off the same feat. Cardano [ADA] Source: ADA/USDT on TradingView Cardano surged off the $0.1 support and broke past the descending channel’s...Read More
Ethereum is currently consolidating above $460 over the past couple of days. On 15th November, the asset did re-test a low below $450 but now it looks lively again for a rally upwards. However, amidst such a bullish scenario, it continues to be difficult to ignore the bearish signs that were evident in the analysis....Read More
USDT has replaced XRP yet again, to rank third in market capitalization. Based on data from Skew, it has hit a new high of $18 Billion. On Coinmarketcap.com, Tether’s market capitalization is 0.13 Billion shy of 18 Billion. USDT Market Cap || Source: Skew So is Tether taking on the popular altcoin XRP or is...Read More
Bitcoin Dominance stood at 65.7% as Bitcoin made strong gains while many of the large-cap altcoins followed suit. At press time BTC was being traded at $16,918 with a trading volume of $18.2 billion. Source: CoinStats Polkadot exhibited a bearish divergence but that does not necessitate an immediate pullback. IOTA appeared to begin another leg...Read More
The Bank of Japan [BoJ] had prioritized the development of a central bank digital currency [CBDC] in July, however, as per a former executive the issuance may take several years. Hiromi Yamaoka, who formerly headed BOJ’s division of overseeing payment and settlement systems, told Reuters that the main hurdle in from the of the bank...Read More
In the past 24 hours apart from making headlines, SushiSwap gained 9.25% based on data from DeFiPulse. The project that earned a reputation as the dead $UNI fork that got hacked by the founder 2 months ago is now working on a strong comeback. The Sushi team has been working in the background. The token’s...Read More
Bitcoin touched $16,800 in recent hours as sentiment in the crypto space continued to be ecstatic. Some metrics pointed toward a BTC pullback, but it would be anyone’s guess to pinpoint the exact local top for BTC. Some altcoins were strongly bullish in the short term. Binance Coin reversed a bearish pattern with an upside...Read More
Bitcoin is easily the most profitable investment, so far, since November 2020 bitcoin has yielded an approximate 29% in returns. In comparison other assets fall short, they shy away from bitcoin. Source: TradingView Clearly, bitcoin outperforms each and every last one of them. So, not investing in bitcoin is a no brainer. If you do...Read More
After clocking in a new local top at $476, Ethereum’s price has been tepid over the past week. Clocking in a weekly change of 0.96% drop, Ethereum might be indicative of a correction period with Bitcoin but larger market sentiment remained poles apart with respect to the price. Source: Skew According to recent Skew data,...Read More
Bitcoin’s performance could positively influence Bitcoin Cash, which has posted a series of lower highs in the past week. EOS retraced most of its downward move from earlier this month, while Dash formed a bull flag and could be poised to test a level of resistance soon. Bitcoin Cash [BCH] Source: BCH/USDT on TradingView Bitcoin...Read More
The world just witnessed the deeply debated (only from the ones who lost) results of the 2020 US Presidential election. More than a week ago. Republican party members, including their leader and the 45th President Donald Trump, crying foul calling the polls rigged. Nonetheless, Joseph Biden will take up the coveted position as the leader...Read More
As Bitcoin hits newer levels and breaks past resistances, it is trading at $16300. Meanwhile, Bitcoin reserves have dropped consistently since October 2020. Down 5.6% since October 2020 and 17.19% since the beginning of 2020, reserves have been a top factor driving the consistent price rally in 2020. BTC Reserves on exchanges || Source: CryptoQuant...Read More
