Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on the price. While most of the cryptocurrency market was witnessing an upswing in the price movement, Bitcoin Cash was noting a downward trajectory on 26 October. The increase in selling pressure pushed...Read More
On 28 October, SBI Holdings announced that Ripple Labs Inc’s decision to invest in Money Tap Co., Ltd, a subsidiary of SBI Holdings. The details of the nature of investment have not been made public, but through this partnership, Money Tap will develop new functions and services which will include “small-amount collection service and corporate...Read More
Bitcoin rose past $13,700 and some altcoins showed promise as well. Polkadot was trading in a strong uptrend in the past few days and faced a minor pullback. Tezos was caught in the grip of bears once more while Zcash was trading above important levels of support but trending lower. Polkadot [DOT] Source: DOT/USDT on...Read More
An unknown hacker’s group had reportedly compromised one of President Donald Trump’s campaign websites earlier today. The attack appeared as a cryptocurrency scam, in which the perpetrators asked for payments transferred via Monero. Thirty minutes after the hack, the President’s team updated that they had taken back control, and no sensitive information was exposed. President...Read More
Bearishness after a shift from the upward rallies of last week was the highlight of the trading charts at press time. Bitcoin SV and Maker after facing rejection at important resistance levels, managed to display a recovery, but strong selling pressures persisted for the two alts. The bear market for DASH, however, they might still...Read More
At the time of writing while bearishness on the charts from the morning lows was visible, price recovery attempts towards the second half had also started. The bearish sentiment in EOS quickly turned into a strong price recovery move, with EOS bulls regaining control of the short-term market. Algorand’s recovery still not as strong, but...Read More
Crypto Fear and Greed Index dropped from 75 to 61 as Bitcoin was quite volatile the previous day, going as high as $13,250 and dropping to as low as $12,785. This could have spooked some traders and shifted sentiment from euphoria to a little less ecstatic. Binance Coin posted strong gains. IOTA exhibited a bearish...Read More
At the beginning of October, Bitcoin’s price was particularly indecisive and trading slightly above $10,000, causing many to believe that the unfilled CME gap down at $9,600 would soon be closed. Fast forward to the current date, October 27th, BTC is trading at $13,400, having just marked a fresh high for 2020. The cryptocurrency added...Read More
A pullback from the red zone for Crytpto.com Coin (CRO) and Tezos suggested that a strong reversal cannot be ruled out for the two alts, as they attempted to retrace gains from the previous week. While technical indicators for the Tezos and CRO market underlined bullish sentiments, a strong descent to the downside was visible...Read More
With the latest updates, of Digital Yuan’s testing and launch, and the US Presidential elections coming closer, retail traders’ attention is now on Bitcoin. In the previous price rallies, the trend was that Bitcoin led the altcoins, and ETH, XRP, and other altcoins from the top 10, based on market capitalization, followed closely. However, this...Read More
News of PayPal entering the crypto space was greeted with joy, but cynics were quick to point out that the Bitcoin Network might ultimately lose value if large chunks of BTC were concentrated in the hands of a few entities, although this could be unlikely to occur. At press time, Bitcoin held $13,000 despite a...Read More
A spike in selling pressure followed by a sudden price recovery was witnessed in the Cardano market, as volatility levels remained quite high. Monero was seen rising on its trading charts with the digital asset maintaining a bullish stance for the short-term period. Zcash dropping back to its support level, at press time continued to...Read More
The number of US-based investors interested in Bitcoin continues to increase according to Grayscale’s Investment 2020 report on the cryptocurrency. The leading digital asset manager also noted that the COVID-19 pandemic has exemplified Bitcoin’s merits and made it even more captivating to investors. US Investors’ Growing Interest In Bitcoin Titled “Bitcoin Investor Study,” Grayscale’s 2020...Read More
In the prequel to this article we tried building a simple Bitcoin buying strategy, and in this post, we attempt to scale it further. But before that, let’s recap. Our strategy entailed only buying Bitcoin based on one trigger, the 200-day moving average (DMA). If the daily trading price crossed over the 200 DMA, we’d...Read More
From dissing Bitcoin, to launching its own cryptocurrency in the form of JPM coin, JPMorgan has been an example of Institutional acceptance of crypto. Now, after more than a year since the launch of its JPM coin, the crypto is live and used by a major transactional tech firm for cross-border payment. The blockchain and...Read More
Central Bank Digital Currencies may take months to materialize in the US, the European Union, or Japan, however, the People’s Bank of China is eager to gain a first-mover advantage here. On Friday, as a part of the fast track digitization of the Yuan, the PBOC published draft legislation to turn the digital Yuan into...Read More
Bitcoin bulls are staging a new breakout attempt right now as prices surge above the 0.618 Fibonacci level around $13,360 for the second time in 48 hours. The price wicked to $13,500, setting a fresh high for 2020. This is a critically important time for Bitcoin, as a second failure to overcome this level could...Read More
The wave of crypto adoption has been forming and DBS Bank, Singapore’s largest bank has decided to participate in it. On 27 October the bank announced the launch of its “DBS Digital Exchange”, which now appears to have been deleted. However, this announcement was captured by many through screenshots and has been circulated far and...Read More
Yesterday, the Bitcoin network witnessed approximately 22 exahashes per second (EH/s) exit the ecosystem, as noted by Hashr8’s Thomas Heller on Twitter. The self-professed “mining maximalist” also shared his estimation that we’ll see the BTC mining difficulty decline somewhere between 7.4% to 8.8% by the end of the week — a drop that, if true,...Read More
Although Cardano made its way into the top-10 assets yet again, competition from Bitcoin SV remains active and ADA itself continued to exhibit extreme uncertainty. Without a clear direction in the charts, ADA is struggling to manifest a clear trend in the industry. With a market cap of $3.22 billion, ADA’s value depleted by 2.07...Read More
XRP was forming a bullish triangle and could breakout to the upside but there was a notable lack of buying volume in recent days. Tron attempted to break out but bears stood firm, and at press time the bears were in control of the market. BAT was forming a series of lower highs as it...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Ethereum has been the most-relied upon smart contracts platform since ‘smart contracts’ became a thing. Despite ICOs raising billions and many projects promising the world, none of them have come close to competing with...Read More
Following Bitcoin’s price rally, all eyes are now on Ethereum. The altcoin is only second to Bitcoin in its market capitalization and it has been in the spotlight for a long time this year owing to developments around ETH 2.0. The latest edition of the Bad Crypto Podcast discussed the “Building of a Better Ethereum”...Read More
Bitcoin Cash, while it shared some of the positive sentiment around Bitcoin, could be set to retest a support level, before moving north on the charts once more. Further down the crypto-ladder, IOTA formed a bullish pattern, but failed to break out upwards and it could be set to register losses over the next days. Finally,...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice While Bitcoin rallied above $13,000 once again, at press time, a few other altcoins were also making a dash for their immediate resistance levels. 10th-ranked Bitcoin SV’s price rose by 12.46 percent over the...Read More
With Bitcoin rallying and staying above the $13000-mark for a few days now, on its way towards a new ATH, the trade volume on spot exchanges has dropped dramatically. While the said volume was high when the price breached $13000 for the first time, since then, the figures for the same have dropped consistently. BTC...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered investment advice Tezos has struggled to relive itself from the vice grip of the market’s bears, and bullish periods for the token have been few and far between since the 2nd week of August. With a market...Read More
Ripple partner Terrapay has announced its intention to strengthen its entry in North America with an approved FINTRAC Canada MSB License. This is big news, especially for a sector that is seeing blockchain technology revolutionize itself, especially since as per the World Bank’s data for 2018, the outward remittance value from Canada was as high...Read More
DeFi protocol RAI Finance is in the news after it announced that it raised $1.5 million worth of strategic investment led by global crypto-funds including GBIC and Alphabit. RAI Finance aims to build a DeFi ecosystem with a higher amount of liquidity and a diverse set of financial use cases through an integration with the...Read More
Tron rose above a descending trendline on its charts, but it would need to register further gains before the bulls can wrest control of the market from the bears. Cosmos was retracing its recent gains and appeared to be headed towards the $5-level once more. Finally, Crypto.com Coin could not find significant buyers after registering...Read More
