Bitcoin spent a large part of the past few days trading in the vicinity of $15,400. It was valued at $15,361 at press time and its sideways movement appeared to benefit some altcoins. Source: CoinStats Binance Coin appeared poised for a breakout, while IOTA’s bullish momentum faded. BAT showed a divergence that could take it...Read More
Alongside the rest of the altcoins, Cardano was a little late to the bullish rally and it did not last as long as expected. While the asset has maintained a position above $0.10 at press time, chances of a pullback below the price range is a possibility. However, the larger trend remains bullish for ADA,...Read More
Bitcoin, Ethereum, and the entire crypto market seem to have stabilized for now. Bitcoin’s price has found a footing and everything is fine. As for the projects and the companies built in this ecosystem, it is a whole other thing; to be precise, there seems to be a dichotomy. Crypto’s Dichotomy As of this writing,...Read More
Cory Bernardi, an Australian politician, recently said that he became a bitcoin faithful in the last few years and he believes BTC demand is getting stronger. Bitcoin continues to find its way to the heart of mainstream politics across the world as former Australian Senator Cory Bernardi reveals today in a tweet that he has...Read More
Chainlink and Cosmos had a bullish bias as the altcoin market in general looked healthier than they had been a few days ago, with DeFi coins performing exceptionally well. Aave could see a pullback after nearly doubling in value in the past few days, and it remained to be seen if bulls can drag AAVE...Read More
Asset managers are riddled with low-yield fixed-income allocations, however, they are constituents of most portfolios. The role of fixed-income allocations is to deliver consistent returns, though the overall impact on the portfolio’s ROI is low. To improve this ROI, some fund managers turned to Bitcoin for exposing their funds to a higher risk-adjusted return. Traditionally...Read More
The short-term chart of XRP was unique at the moment as the collective asset class itself. The crypto ecospace is used as an invalidation of market patterns in the past, but the recent spike is a clear example of external factors moving the market at an instant, and away from a legitimate opposite trend. XRP...Read More
It has been 4 days since bitcoin came close to taking out the $16,000 level. While it seems like the price is done and it won’t push any further, it isn’t and a metric that considers the mean exchange inflow has lit up the “buy” signal. Source: CryptoQuant Crypto Quant’s CEO Ki Young Ju tweeted,...Read More
European soccer giant Bayern Munich enters the world of now-trendy virtual football. The German sports club is to follow other famous soccer teams in Sorare – an Ethereum-based fantasy soccer digital platform. In The Virtual Company Of Over 100 Other Soccer Clubs FC Bayern Munich is among the most prominent German sports teams in the...Read More
Crypto Fear and Greed Index stood at 90, the same value as the previous day. Bitcoin Cash and Stellar Lumens saw heightened volatility in the past few days but were able to register good gains in the same time period. Dogecoin also made gains in recent days but its bullish momentum could be weakening. Bitcoin...Read More
India has noted an uptick in crypto users over the past year. This surge in the crypto users can mainly be attributed to the Supre Court’s decision to quash the Central Bank’s circular that called for a banking ban for crypto transactions in 2018. This judgment has temporarily also impacted user-perspective regarding crypto in the...Read More
With recent announcements of the COVID-19 vaccine, new momentum was unleashed for Bitcoin on spot exchanges. Gold took a hit, and the increasing BTC-Gold correlation spread was a relief for most retail and institutional traders. New demand for BTC was generated, as the news spread and to meet this demand, miners flow to exchanges has...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Litecoin short-term market and its impact on the price. The Bitcoin market has been eclipsing the gains and losses in the altcoin market. Litecoin has been moving on the tunes of Bitcoin and with the recent fall on Saturday, the LTC...Read More
A popular Bitcoin analyst and trader pointed out that Bitcoin has historically headed towards massive price surges once it closed higher than the previous monthly high. As a result, BTC could face up to a 1,000% price pump soon if it closes November at or above its current price. BTC To Pump By 1,000% Soon?...Read More
Trade volume on spot exchanges fell by 25%, while ETH Futures trade volume spiked. This implied that traders feared a correction. On the charts, Ethereum formed a symmetrical triangle that could see a breakout in the coming days. Tezos was in an uptrend but had not yet assailed an important level of resistance. Dash showed...Read More
Bitcoin shares a strong correlation with most cryptocurrency assets. However, this correlation has not yet helped the third-largest digital currency XRP. The digital asset despite much volatility in the extended crypto market has been moving within a strict range and has managed to return 22.23% year-to-date. While the investors wonder when the price of XRP...Read More
A former Microsoft software engineer found guilty earlier this year has been sentenced to nine years in prison for stealing more than $10 million in Bitcoin. The 26-year old Ukrainian used accounts and passwords of other employees and the services of various Bitcoin mixers. Nine Years In Prison For Stealing $10M In BTC As reported...Read More
Bitcoin went on a wild ride yesterday when news of a COVID-19 vaccine broke out, but has calmed since then and currently trades at around $15,300. The leading alternative coins have also cooled down as Ethereum sits around $450 and Ripple at $0.25. Bitcoin Calms After Increased Volatility The primary cryptocurrency demonstrated high fluctuations in...Read More
Plan B is sticking to his S2F model based prediction of $100k-$288k before December 2021. Despite several updates and announcements on the regulatory and institutional front, he stands by the $100k. Though there are several Bitcoin Maximalists on Crypto Twitter calling for Bitcoin $100k by end of 2020, PlanB stands out with his prediction because...Read More
It’s another bigshot score on the store of value front for Bitcoin. Billionaire hedge fund investor Stanley Druckenmiller just admitted holding BTC on national television in an interview with CNBC. The bigshot money manager also has positions in gold, but he is considerably bullish on the world’s first cryptocurrency. “If the gold bet works, the...Read More
ETH Futures trade volume was up by 38% in 2 days, at the time of writing, according to Skew’s charts. Not just the trade volume, but even the Open Interest was up by 8% based on Skew’s charts. On spot exchanges, the trade volume dropped by nearly 25%, but on derivatives exchanges, it climbed up....Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice In a previous article, Ethereum’s make or break moment was explained as the cryptocurrency’s price nearly broke out of the massive bearish pattern. Since then, a lot has changed for Ethereum and this article...Read More
The most recent Bitcoin rally was good, even though we did not hit $16,000 or go beyond it. This was a much-needed pump after the much-anticipated Bitcoin halving and the Black Thursday crash back in March. However, an interesting takeaway from the rally, if one were to look closer, was the identity of who helped...Read More
We feel very proud to be able to announce the imminent launch of NavCoin’s brand new privacy method blsCT, which is a ground-breaking and interactive mixing protocol that enhances the anonymity of a transaction through the combination of the Boneh-Lynn-Shacham (BLS) signature scheme with Confidential Transactions. The former enables us to hide both the amount...Read More
Litecoin’s most recent bounce off the support level appeared not to have the backing of willing buyers, with the same suggesting that a drop in price was imminent. There was also a level of strong resistance just above Litecoin, a level it might not be able to test over the next few days. Polkadot was...Read More
Frederik Gregaard, CEO of the Cardano Foundation, recently shared his views with the community during a Q&A session on The Cardano Effect. According to the Cardano Foundation exec, the most important use cases and problems to be solved using Cardano will be in the area of Financial Services and Insurance. Gregaard, coming from a background...Read More
With Bitcoin’s price rallying, altcoins that are strongly correlated to the world’s largest cryptocurrency are set to benefit immensely from it. However, one unusual category of projects, DeFi, may benefit from Bitcoin’s rally too, despite its top projects being inversely correlated with Bitcoin. Correlation of cryptocurrency projects with BTC || Source: Cryptowatch Based on data...Read More
Disclaimer: The findings of the following article ar the sole opinion of the writer and should not be taken as investment advice Binance coin is perhaps among the few exchange tokens that are not just alive, but kicking too. Plenty of exchange tokens are on the market today, but none holds as much promise as BNB....Read More
Volatility is undoubtedly back within the crypto markets. Over the past few hours, Bitcoin gained about $600 and lost them almost immediately. This happens as one of the world’s largest drugmakers, Pfizer, said that its COVID19 vaccine has been positive in over 90% of the trial cases. Bitcoin Pumps and Dumps $600 In Hours The...Read More
Data from the on-chain analytics resource Glassnode indicates that Bitcoin miners have sent sizeable BTC portions to exchanges in the past 24 hours. With the asset price hovering above $15,500, the question remains if they are to cash out profits and possibly drive Bitcoin south. Miners Send BTC To Exchanges Implies A Price Dip? Bitcoin...Read More
