Having witnessed positive price fluctuations on the daily charts for top digital assets Bitcoin and Ethereum, the rest of the cryptocurrency market appeared to be heading for a bullish revival. With some bullishness witnessed on its hourly chart, Litecoin could be seen targeting its overhead resistance soon. While the possibility of a stalled bearish drag...Read More
Bitcoin has stayed above $10,000 for a record period of time; its price sustained above the 20MA and it has seen increased volume and institutional adoption. This was all amidst the FUD experienced by the markets in the past few months, with the drama around major crypto exchanges like KuCoin, Bitmex, and OKex, which surprisingly...Read More
Chainlink was trading at a region of strong support and was poised to break out. The correlation between LINK and BTC has been dropping and the asset might begin another ascent regardless of Bitcoin’s direction. At press time, Bitcoin was trading at $11,335 with a 24-hour trading volume of $104.7 billion. Source: CoinStats Stellar Lumens...Read More
Although the market was shaken as the regulatory hammer struck BitMEX at the start of October, it has since recovered. Bitcoin, the largest asset did notice sudden pressure given the panic in the market, but it managed to hold on and recover in the following days and reach a value of $11,731, which was unseen...Read More
The entire digital assets market lately has been a sort of rollercoaster ride over the last week. The largest altcoin Ethereum noting successive drops over the last few days could finally be in for a bull run. The Algorand market displayed mixed signals of buying and selling sentiment. While expectations around a bullish break out...Read More
There is a new coin creating hype in the market, but it isn’t that new. Filecoin, a decentralized data housing platform secured millions of dollars via its initial coin offering [ICO] in 2017. Despite being based on Ethereum, the FIL token has its own blockchain and launched it in phases leading to a mainnet launch....Read More
Crypto.com Coin displayed a possibility of sideways consolidation on its trading charts, indicating a slight drop in selling pressure. Marked by stiff resistance and downward price action, the Synthetix market is unlikely to witness any immediate price recovery. Dash too noted short term bearishness at press time, could soon dive back down to its support level....Read More
Bitcoin was trading at $11,344 while Bitcoin Dominance stood at 60.15. The Bitcoin Dominance has been rising slowly since early September, showing that altcoins were facing losses in the market. Polkadot, Cosmos and Ontology toiled under bearish pressure. Polkadot [DOT] Source: DOT/USDT on TradingView The MACD generated a strong sell signal as it had formed...Read More
Cardano was bullish on the charts and appeared to be posting gains after a pullback. Tezos lacked interest from the buyers to break out of the price range it was stuck within. VeChain dropped beneath a level of support and could be set to slowly slide downward in the coming days. Cardano [ADA] Source: ADA/USD...Read More
Earlier today, Coinbase Custody announced that they are looking into adding support for new digital assets. The move to support more coins comes as part of a broader plan to launch new features and demonstrate that Coinbase Custody is an innovative place for institutions to store their crypto assets across new geographies. Coinbase Custody stated...Read More
I get it. It’s always an either-or decision between Bitcoin and gold, as a pure investment play. Since the commodity and the cryptocurrency each have similar attributes of – a hedge, limited supply, and safe haven, these assets are used to balance the bottomless assets that are stocks, bonds, and cash. But does one edge...Read More
Bitcoin took a 3% hit as OKEx announced the temporary suspension of crypto withdrawals on 16 October. Reports state that the exchange is being investigated by the Chinese police, however, the nature of this investigation is still not clear. This news definitely caused a wave of panic across the crypto market causing altcoins also to...Read More
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. The value of Bitcoin Cash has been on a downward trajectory since the news about the OKEx fiasco unraveled. The sudden fall was followed by a gradual descending price which...Read More
Bitcoin’s price was rallying before CFTC charges hit BitMEX, and immediately after, retail traders started scaling back positions on BitMEX. Open interest in XBTUSD perpetual contracts on BitMEX dropped to 55000 BTC. BTC Perpetual Swap Funding Rate || Source: Skew The funding rate dropped below -0.05% in the first week of October in response to...Read More
The Crypto Fear and Greed Index stood at 56 as Bitcoin held onto the $11,300 price level. The narrative of “Bitcoin is a hedge against inflation” was just one of many reasons that giants in the financial services sector or other investors acquired Bitcoin. Bitcoin serving no “singular” purpose, but multiple ones were bullish for...Read More
During press time, the entire market seemed to be on a downward trajectory. The global crypto market cap followed the trail recording almost a percent in daily decline. VeChain and EOS were poised for a southward price action towards their support levels, as mounting bearish pressure and low buying volumes existed for the two digital...Read More
As institutions line up to buy Bitcoin, its origin story comes into focus. Most argue that Bitcoin was created in response to the Lehman Brothers bankruptcy and the Global Financial Crisis that followed. However, it is the result of decades of work on peer to peer payments. Since prices are driven by inflow and volatility...Read More
Binance Coin despite its immediate bearishness on the hourly charts, remained strong in terms of buying volumes, that might help BNB in its price recovery over the next few days. Cosmos too, although bearish for the day, could be poised for price recovery soon, given its overall uptrend and weak selling pressure. While Stellar Lumens indicated...Read More
For Bitcoin SV, breaching above $165 has become a formidable task. Since the start of September, the valuation has attained a position above $165, only to face a subsequent drop below the resistance. Over the past few days, a similar trend has followed in spite of its legitimacy to remain above $165. Bitcoin SV had...Read More
Corrections seemed to be the norm across the board, at the time of writing, after most of the market’s altcoins depreciated on the charts as Bitcoin consolidated its own position. While the likes of Tezos, IOTA, and Crypto.com Coin did climb on the back of Bitcoin’s movement, these alts were soon on their way down...Read More
As an altcoin, Ethereum has been the leader in terms of its growth observed this year. The evolution of ERC-20 tokens along with the decentralized platform established on Ethereum were vital contributors to Ethereum’s performance. Although the beginning of the final quarter of 2020 did portray as though ‘DeFi was dead’, but that seems to...Read More
The bullish rally at the end of July was pretty significant for Ethereum. The valuation jumped above $250, $300, $350, and eventually surpassed $400 after more than 2-years. Ethereum’s rally was so dominant that options trader expected Ethereum to impute more volatility than Bitcoin itself. ETH-BTC 3 months realized vol spread on 27th July was...Read More
Bitcoin, despite its recent sideways movement on the charts, has a very positive outlook attached to it. Hodlers of the cryptocurrency have long been optimistic about BTC’s long-term price trend. However, with the MicroStrategy, Square Inc., and Stone Ridge’s news breaking out over the past few weeks, it would seem that institutions, en-masse, are buying into...Read More
Despite its falling market share and market dominance over the past few months, Bitcoin continues to exert a lot of influence on the altcoin market. However, while BTC does indeed share high correlation stats with many altcoins, its influence isn’t uniform across the board. The same was evidenced when Tron, Basic Attention Token, and Dogecoin’s...Read More
Bitcoin’s value has been appreciating over the past week and it currently stands at $11, 377. The value of the digital asset peaked a couple of days back at $11,731, but could not hold on to this level and slipped lower. However, BTC staying above the $11k mark has been a sign of relief for...Read More
While DeFi applications have taken the crypto-space by storm in 2020, there has also been a dark side to the whole proceeding with frequent ‘rug-pulls’ damaging the industry’s reputation. The convenience of setting up a DeFi token on Ethereum has also seen a lot of bad apples over the past few months. The prime example...Read More
Earlier in 2020, The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced that there were over 300 digital currency exchange providers (312 in February 2020) enrolled with the AUSTRAC. It is fair to say, cryptocurrencies were becoming a popular asset in Australia and amidst such fierce competition, the Swyftx exchange was making a lot of...Read More
Ripple’s third annual Blockchain in Payments report had some interesting revelations regarding digital asset adoption globally. Despite the ongoing global pandemic, 79% of businesses reported growth in 2020, with 44% stating that innovation in payment technology is a key growth driver. According to the report, there were four key benefits driving blockchain adoption, namely, improved...Read More
Despite talk of an altseason rearing its head a few months ago, it would seem now that most of the market’s altcoins have reverted back to following Bitcoin’s lead. The world’s largest cryptocurrency fell below $11k in the first week of October, following which, BTC was quick to climb and hold a position above the...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the Ethereum short-term market and its impact on the price. The sudden surge in the price concluded on 13 October, as Ethereum’s price has been descending since. As the price appreciated there have been some bumps in the way downwards that...Read More
