Cardano registered a strong surge over the past few days, but the market’s bulls seemed to be exhausted by the time of writing. ADA’s reaction at important levels would indicate whether buyers or sellers were in control of the market. Filecoin had a few quiet trading sessions over the past few hours and could see...Read More
Voyager Digital, a publicly-traded, licensed crypto-asset broker has announced that its Assets under Management (AUM) have surpassed $100 million, up 20x from December 2019. Addressing Voyager’s exponential growth over the past year, CEO Stephen Ehrlich said, “Voyager’s offering of over 50 digital assets, including 22 interest-bearing assets, is winning over investors. As we increase our...Read More
A JPMorgan report suggested that some investors, such as family offices, have been allocating more funds into Bitcoin rather than gold in recent months. The analysts from the giant multinational investment bank also noted that the comparison between the two assets could propel a massive price increase for BTC. Bitcoin’s Impressive Developments As Of Late...Read More
Monero had been trading within a range over the past month, but it appeared to have initiated a recent downtrend on the charts. On the contrary, while Waves was on an uptrend that could be set to continue over the coming days, Compound‘s bulls were engaged in a skirmish to flip a level of resistance...Read More
In what is a surprising development, Professor Nouriel Roubini, dubbed ‘Dr. Doom’ by many in the crypto-community because of his skeptical remarks about Bitcoin and cryptocurrencies, seems to have softened his stance on Bitcoin. During a recent interview, Roubini said that Bitcoin can be considered a partial store of value because it cannot easily be...Read More
Shortly after suspending withdrawals and deposits to its platform, the crypto lending service Cred has filed for Chapter 11 bankruptcy protection. CryptoPotato reported in late October that the US-based platform had temporarily suspended all funds inflows and outflows while assisting law enforcement agencies in investigating an “incident.” According to an official announcement from this past...Read More
Despite briefly tanking following the results of the US Presidential elections, Bitcoin has reclaimed the $15,000 mark and registered its third-highest weekly close. The altcoins have also recovered yesterday’s losses, and the market cap has jumped back to $440 billion. Bitcoin’s Third-Best Weekly Close Bitcoin peaked at a new yearly high on Friday as the...Read More
Bitcoin Cash surged, noted a healthy pullback, and rose above its level of resistance once more in a volatile, yet bullish couple of days for the cryptcourrency. Basic Attention Token struggled to rise above its longer-period moving average and reverse its long-term downtrend, while Decred appeared to have gone parabolic. Bitcoin Cash [BCH] Source: BCH/USDT...Read More
Every dollar increase in Bitcoin’s price is a testament to its worth in the cryptocurrency pie. Despite there being over 2000 coins in the market, Bitcoin’s undeniable importance is underlined by its share in the entire coin market. According to the October report from cryptocurrency data analytics company CoinGecko, among the top cryptocurrencies by market...Read More
Bitcoin’s rally to $16,000 has fallen short, however, it was enjoyable nonetheless. The market’s altcoins, in particular, suffered during this brief rally, before going on the road to recovery again. This brings us to the next question(s)- What of Bitcoin? Is the top in? Well, it is simple. We will see either of the two...Read More
Ethereum’s price is up 13.21% in one week. What does this reveal? Well, the said price rally suggests that more retail and institutional traders would trade on spot and derivatives exchanges. However, the trade volume on spot exchanges is still oscillating around its mid-October levels. In fact, while the trade volume did climb above $300M...Read More
Binance Coin has been one of the few exchange tokens to have performed well over the past few weeks. While it did note a pullback on the charts, it was otherwise likely to continue the short-term uptrend it was on. Aave could drop a few percentage points more in value before another attempt at climbing...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 registered a drop of 12+%, as of 7 November. Since then, the cryptocurrency’s price has recuperated by more than 50% of this drop. In fact, at the time of writing, ADA was trading...Read More
With the Bitcoin Fear and Greed Index noting a reading of 88 on the charts, based on data from Alternative, the trade volume of Tether was noted to have dropped by nearly 4%. In fact, the drop was pretty noticeable on the price charts too as Tether hit a low of $0.99 for the first...Read More
The Crypto Fear and Greed Index noted a figure of 82, compared to the previous day’s 88. Bullish sentiment was strong for Bitcoin and Ethereum, and by extension, many alts in the market managed to register gains as well. Stellar Lumens was one of the many crypto-assets that appeared to have initiated an uptrend, while...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Bitcoin’s dramatic surge to ~$16,000 was a good run, however, the fuel seemed to have exhausted itself, with the market’s bulls now running on fumes. At press time, BTC was trading at $15,142, $800...Read More
Bitcoin, at the time of writing, was trading at a 112.5 percent premium to its price at the beginning of the year, a 282.5 percent premium to its lowest price in the year, and 28 percent off its highest price ever. Even with all the fervor around the price rally, one question needs to be...Read More
Bitcoin’s dominance, at the time of writing, was noted to be 64.92, with the figure relatively unchanged over the past 24-hours as Bitcoin and the rest of the market noted losses after a period of strong movement. Algorand and Enjin had some way to go before they could reverse their long-term trend, but they were...Read More
Hard forks are contentious. After all, why wouldn’t they be? The latest example of the same is Bitcoin Cash’s likely hard fork that is scheduled for the 15th of November. In preparation for the same, many of the market’s entities have been putting out statements revealing their action plan after the 15th. Hot on the...Read More
Alongside Bitcoin, many other crypto-assets noted a correction to their recent surges. Bitcoin SV dropped to its level of support while Maker traded within a range over the past week. Finally, Augur attempted to initiate an uptrend after experiencing a period of accumulation throughout the month of October. Bitcoin SV [BSV] Source: BSV/USDT on TradingView...Read More
The last few days have brought good news for the Ethereum community. Not only did ETH rise on the charts, climbing to $441 from a value of $382 just under a week ago, but the community also welcomed the deployment of the deposit contract for ETH 2.0. Needless to say, optimism is running high, especially...Read More
The official election of Joe Biden as the 46th US President resulted in a sharp nosedive for Bitcoin and the rest of the cryptocurrency market. While BTC dumped to a low of $14,350 at its Saturday’s lowest, the total market cap lost nearly $30 billion at one point yesterday. Biden’s Election Drove BTC Down? The...Read More
Bitcoin‘s price dropped from $15,600 to $14,310, with the cryptocurrency, at press time, trading at $14,992. This corrective move for BTC saw a volatility spike in the altcoin markets as well. While EOS and NEM noted minor pullbacks after a surge in price, Zcash was trading under an important level that could decide the direction...Read More
Bitcoin was trading at $15,550 and came close to the $16K price level for a very brief while and many coins that saw losses recently rose on the charts. Bitcoin Cash and Cosmos showed bullish divergences and posted strong gains as the altcoin market received positive impetus from buyers. VeChain also surged past levels of...Read More
The uncertainty seems to have come to an end: Biden is the new president of the United States after winning the decisive electoral votes of Georgia and Pennsylvania. At this moment, Biden has 290 votes out of the 270 needed to win the presidency, while Trump has only 214. And with only 34 votes in...Read More
Many altcoins registered strong gains in the past few days as their longer-term downward trend appeared to be halted or even reversed in certain cases. XRP faced an important level of resistance, and a close above the level would signal bullish strength. Dogecoin also appeared poised to move above a level of resistance it has...Read More
Bitcoin and the overall crypto-market welcomed 2020 with increased regulatory clarity which has in turn helped its overall adoption narrative. However, with the ongoing presidential election taking place, many in the crypto space have speculated as to what the effects of a new government and new regulations might imply for the likes of Bitcoin and...Read More
The past few days saw increased price activity for most cryptocurrencies triggered by Bitcoin’s price rally past the key $15K level. This positive price momentum has translated well for key altcoins like Bitcoin SV, EOS, and Algorand. During the course of the past 48-hours coins like Algorand surged by up to 27 percent on the...Read More
Another phrase for ‘bull run’ is ‘profit take.’ Why? Because whenever the price for any asset rises, there are those who buy in the hope for another rise, and there are those who sell, in the hope for another fall. While it’s clear that Bitcoin is in a full-fledged bull run, it’s also clear that...Read More
Bitcoin Dominance dropped from 66.5 to 64.6 at press time. A falling BTC dominance combined with many large and medium-cap crypto-assets posting good gains suggested that the altcoin market could be headed further upward. Cardano was in the overbought territory and possibly due for a minor pullback, while Tezos and Basic Attention Token approached important...Read More
