Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Cardano long-term market and its impact on the price. Cardano developers have been working relentlessly towards their decentralization goal and released the updated version of its Daedalus wallet today. The digital asset was experiencing an upwards rally before the trend...Read More
Bitcoin has seen its hash rate decline over 43.47 % within a span of 3 days, due to Chinese mining farms closing down for the dry season. The reason being, they cannot generate enough hydropower without the rain along with a spike in electricity costs. Bitcoin hashrate has dropped by ~45% over past 3 days,...Read More
Chainlink for long had been consolidating on the charts but has now finally broken into a bearish trend for the day. The digital asset was likely to be bearish in the short-term period. Tezos too was registering a strong bearish momentum, with the digital asset recording nearly 6% in losses for the past three days....Read More
Bitcoin equaled its 2019 highs by retesting $13,880 over the past 24-hours. While most of the market is currently rejoicing Bitcoin‘s current price of $13,000-$14,000, there might be a little bit of unrest between CME Futures and Options traders. A bullish trend can never be bad for the derivatives market but at the moment, CME...Read More
Bitcoin Cash, Tron, and Basic Attention Token all registered a brief price correction on the charts during the day’s trading session. While Bitcoin Cash noted some bullish weakness, Basic Attention Token signaled a dip in its volatility with Tron also maintaining its sideways movement. These gave early signs of a continued price consolidation possibility for the...Read More
Deepak Chopra’s name is synonymous with meditation, mindfulness, and healing through healthy living. And according to the latest update, the world-renowned author and thought-leader is considering buying bitcoin. Mr. Chopra is also about to launch ‘Love in Action,’ his own blockchain-based token. Deepak Chopra Officially Enters The Blockchain Space It is important to note that...Read More
While Altcoins are struggling to improve by a buck, Bitcoin registered its new 2020 high recently. Leading a serious sense of awakening in the space, the developments elsewhere have been instrumental as well. However, keeping price out of the picture, Bitcoin’s demand is now improving in a multi-directional facet, here’s how. Investment Demand and Fundamental...Read More
Cardano had been working on the Daedalus wallet update 2.4.0 for a long time now and was working on the final stages of Trezor hardware wallet integration. After much work, the team has finally released the new Daedalus 2.4.0 which will continue to improve the Cardano delegation user experience. According to @InputOutputHK, the new update...Read More
Prominent cryptocurrency exchange Gemini announced its partnership with the tax compliance firm Taxbit on Thursday. This step was taken by the exchange to automate and optimize crypto tax reporting. According to the announcement: “When Tax Center Suite is fully implemented on Gemini, customers in the United States will be able to download a completed tax...Read More
The Bitcoin market after moving to its yearly-high of $13,864 had fallen under $13k on 28 October and has since bounced back. As Bitcoin traded at $13.2k, at press time, the outcome from the approaching BTC options expiry remains undecided. Source: BTC/USD on TradingView According to data provider Skew, over 62k Bitcoin options are set...Read More
Binance is the world’s largest cryptocurrency exchange by means of daily trading volumes. In the few short years since its launch, the venue went on to become a leading company in the industry. In fact, launching coins up for trade on the exchange has created the so-called “Binance Effect.” In short, when a cryptocurrency is...Read More
Atypical performance isn’t something new for cryptocurrency assets. Flash crashes and massive positive wicks have taken place in the past. Just yesterday, ETH went through something similar. The price of the asset shot up by almost 50% only to crash immediately down to $197 and settle to where it’s currently trading on Binance. ETH Price...Read More
Many cryptocurrency projects have been working on financial inclusion and Ethereum Classic recently announced a step towards it. On 28 October, ETC labs and ChainSafe Systems announced the launch of a new bridge between Ethereum [ETH] and Ethereum Classic [ETC], with a focus on bridging the Dai stabelcoin to ETC. According to the announcement: “This...Read More
Benchmark indices in the Asian markets as well as on Wall Street fell sharply overnight, strongly influencing the bearish market outlook witnessed on the trading charts even for some digital assets today. Barring Bitcoin Cash, all the top ten digital currencies were trading in the red zone. Ethereum and Stellar Lumens recorded over 2.5% in...Read More
A tweet by the VP of Futures at Binance, Aaron Gong, addressed an apparent attack on the liquidity of USDETH Perpetual Futures. Source: Twitter As per the tweet by Gong, Binance believes this to be ‘intentional sabotage’ from a competitor and stated that, “This happened on ETHUSD Perp futures. It was caused by one trader,...Read More
Now the United States can boast a new crypto bank: Welcome Avanti. Avanti Financial Group, a firm founded by the former managing director at Morgan Stanley, Caitlin Long, announced that it had been granted a license to offer banking services by the Wyoming State Banking Board. Avanti is The Second Crypto-bank Operating in the United...Read More
Bearish momentum in the market was clearly visible on the trading charts of Binance Coin, Cosmos and Basic Attention Token. Binance Coin and Cosmos, ahead of a major downward move, were attempting to retrace some gains at press time, however an overall bearish scenario was maintained for both the alts. In the case of Basic...Read More
Registering poor daily returns, both Ontology and Maker’s valuation were down by almost 3% since yesterday. This happened despite, Bitcoin recording appreciable gains on its daily charts. Given a strong price correlation with Bitcoin Cash (BCH), Bitcoin’s price rise indeed helped in warding off a strong selling pressure for BCH. The digital asset was poised...Read More
Most digital assets recorded negative gains on their daily charts today, as the bears controlled the market. Chainlink and FTX Token remained just above their key support levels following a strong sell-off witnessed on the trading charts. IOTA too remained bearish and was in for another possible downward price action over the upcoming trading sessions....Read More
Bitcoin Dominance rose to 63 and Bitcoin was trading at $13,676 at press time. The altcoin market was registering some losses for the day, but a pullback on Bitcoin could see the red for other assets in the crypto space in the coming days. EOS exhibited a bearish divergence, and Stellar Lumens appeared to be...Read More
Grayscale’s recent Bitcoin Investor study has been painting a good picture for Bitcoin in terms of adoption. More than half [55%] of the United States investors were interested in Bitcoin investment products in 2020, compared to 36% observed in 2019. Major reasons for this boost have been the pandemic pushing people to sought to new...Read More
Crypto Fear and Greed Index showed a value of 70 as Bitcoin saw bullishness prevail both on the charts and on social media posts. Litecoin rose past resistance at $58.6 but showed a bearish divergence that could see a minor pullback for the asset. Tron was trading within a range and showed no signs yet...Read More
The collective altcoin market is struggling and XRP was no different. While Bitcoin continued to attain new yearly highs, XRP and the rest struggled to breach their immediate resistance. A new yearly high was completely out of the picture at the moment, but analysis suggested that the bullish paradigm might be a little more drawn...Read More
The largest US-based cryptocurrency exchange Coinbase announced today the launch of a Visa debit card, allowing customers to spend digital assets for everyday purchases. According to the official statement, the Coinbase Card will provide clients the opportunity to earn up to 4% back in cryptocurrency rewards. It will be available in nearly 30 countries, including...Read More
Bitcoin’s identity is myriad; it is a store of value, uncorrelated asset, safe haven, etc. For each of these terms, there is a story and reason behind it. For now, let’s focus on it being an uncorrelated asset and a store of value. In the previous article, we’ve explained why bitcoin is largely a retail-driven...Read More
Although bitcoin hit $13,800, it seems like altcoins didn’t share the enthusiasm, as most coins including Polkadot, saw a decline. Perhaps, this rally was centralized to bitcoin and very few altcoins, and Dot wasn’t among them. Source: DOTUSD TradingView At press time, Dot is trading at $4.601 and is in the top 10 list of...Read More
Michael Saylor, the founder and CEO of the Nasdaq-listed company MicroStrategy, has revealed that he personally HODLs nearly 18,000 bitcoins. Additionally, he announced that his company has instituted a new Bitcoin-oriented treasury reserve policy and plans to make further BTC purchases. Michael Saylor Owns 17,732 Bitcoins The CEO of MicroStrategy has a somewhat compelling history...Read More
From Microstrategy’s $500 Million investment in Bitcoin to PayPal’s integration of crypto, in the past three months, we have seen it all. November 2020 is unlike any month since 2018. Bitcoin is trading above $13k and the top 10 altcoins have gained 10-12% in the past week. Additionally, BTC, ETH, and USDT reserves are the...Read More
There’s never a boring day in the cryptocurrency field. Yesterday, the entire community was ecstatic as Bitcoin’s price made a run for the 2019 highs. Unfortunately, it came inches away from it and started to retrace. Today, the total cryptocurrency market capitalization is down about $15 billion since its most recent peak hours ago. Bitcoin...Read More
Bitcoin SV made a strong move upward alongside Bitcoin and exhibited a bullish divergence that could see BSV break beyond a level of resistance. At press time Bitcoin was being traded at $13,643 with a trading volume of $291.9 billion. Source: CoinStats Dash saw a steady stream of selling volume on the asset and registered...Read More
