Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Bitcoin Cash’s short-term market and its impact on the price. The Bitcoin Cash price has been recovering from its early September drop. This recovery was set rolling over the past couple of days when the Awesome Oscillator indicator went above the...Read More
Binance Coin, a native token created to help traders pay for fees on Binance has comfortably established its position in the top-10 crypto this year. During mid-September, the digital asset was able to register its all-time high valuation of $33.83 but within a week, it shed more than 30%, dropping down to $22 on 21st...Read More
Bitcoin Dominance has slowly decreased in the past few days, from 59.99 to 59.69 at press time. Bitcoin surged from a low of $11,250 to a high of $11,750 in the past couple of days. Source: CoinStats The higher lows Bitcoin sets could see a bullish scenario develop for the altcoin market as well. Litecoin...Read More
Positive trends and strong fundamentals seemed to be on the side of the three alts XRP, DASH and Compound. Moving averages favored a bullish trend for XRP. DASH too was favored by the buying sentiment, as a bullish rectangle pattern started to emerge on its daily chart. Compound, on the other hand, displayed low levels of...Read More
Chainlink witnessed a small price correction, but the digital asset looks poised for some gains, with a bullish recovery around the corner. Zcash experienced weak selling pressure, in the midst of a highly volatile scenario. While a positive reversal was expected, prices could move in either direction. DigiByte’s technical indicators suggested a clear bearish scenario for...Read More
Bitcoin’s NVT [Network Value to Transaction ratio] metric is used to determine whether an asset is bullish or bearish. However, using it in tandem with other indicators/metrics works the best. What does it signify? Put it simply, the metric shows if the network is being used a lot or not. If the NVT is high,...Read More
EOS had recent positive fundamental developments that propelled price upward for the asset, although there were some signs of bearishness. VeChain faced significant resistance to any immediate hike in price and might lose a level of support if Bitcoin headed south. BitTorrent had a healthy amount of buyers in the market and might be working...Read More
Bitcoin has been noting six-strong consecutive days of growth as the price surged by 11.23%, from $10,547 to $11,731. A contributing factor for the sudden increase in the value of the asset was Square’s announcement of it buying approximately 4,709 Bitcoin at an aggregate price of $50 million. Square Inc put 1% of its total...Read More
Bitcoin Dominance was dropping, and stood at 59.63, down from 60.14. In the same period of time, Bitcoin rose from $11,354 to $11,491. This combination of falling dominance and rising Bitcoin can herald a green season for altcoins. Cardano looked bullish, although a minor correction of a few percentage points might be seen in the...Read More
The Bitcoin market has recorded impressive gains in the last few days. This further influenced the valuation of its fork coin Bitcoin Cash. The technical indicators for Tezos were fairly bullish on the charts as well. Basic Attention Token (BAT), was displaying weakness in its buying momentum while BAT noted the possibility of an uptrend, post...Read More
The digital asset industry has somewhat re-ignited its bullish momentum over the past week as Bitcoin emerged above $11,000 price level yet again. Ethereum kept pace with the king coin and currently, both the assets are enjoying over 6 percent growth over the past week. Yesterday the market opened on another high as Ethereum Grayscale...Read More
Bitcoin’s price might hit $15,000 in the next few weeks, as per price data gathered over the last week. This surge might push bitcoin past the pesky $12,000 and hit highs last seen in 2018. The bitcoin surge seen over the last week is being underestimated by most of crypto Twitter [CT]. However, most of...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Litecoin short-term market and its impact on price. Litecoin witnessed a boost in its value as the price of Bitcoin [BTC] rose on the charts. However, it has not managed to overcome its losses from earlier in September. Despite the low range movement,...Read More
While Bitcoin and Ethereum have moved their respective prices up the ladder over the past week, XRP was still struggling to start their engines. Marking only a 3.11% growth over the past week, when Bitcoin and Ethereum clocked over 6%, meant XRP wasn’t really in the bullish rally yet. However, signs were there for an...Read More
Two weeks ago, the biggest and arugbly the most important cryptocurrency exchange in the world was accused of money laundering by the CFTC. The incident went so far that the company’s CTO Samuel Reed was arrested. Besides the bad PR for Bitcoin, this saga was sure to hurt the cryptocurrency’s price, yet here we stand...Read More
Bitcoin touched $11,726 hours after the Governor of the Bank of England stated that it was hard to see Bitcoin have “intrinsic value”, although he conceded it might have extrinsic value. Source: CoinStats The bullishness of Bitcoin as it set higher lows in recent days could propel the altcoin market upward. Polkadot lacked the momentum...Read More
Although there was some trouble at the beginning of October, Chainlink [LINK] managed to pick up the pace and witness a 14.87% growth till now. The digital asset given its low correlation with Bitcoin [BTC] was noting strong growth throughout the year, posing as an altcoin-alternative to make a profit and hedge the losses occurring...Read More
Bitcoin’s price has gained by 7.33% in the last 7 days. With this kind of momentum building up, Open Interest on derivatives exchanges is up too. However, that’s not the only interesting bit. In fact, while aggregate Open Interest on derivatives exchanges is up by 18%, on Huobi, it is up by 250% over the...Read More
Privacy coins like Monero, Dash, ZCash have all noted an interesting surge over the last 24 hours. A surge, that for all intents and purposes, can be traced to the Department of Justice’s latest memo. The memo in question spoke about adding a backdoor to everything digital so that government authorities/law enforcement agencies with appropriate...Read More
Tron could be set to continue its downtrend on its charts, despite the fact that the sentiment around many altcoins appeared to shift to the bullish side. The Crypto Fear and Greed Index noted a neutral reading of 52 at press time, compared to the previous day’s ‘greedy’ value of 55. Further, while Algorand looked...Read More
The 2020 market crash was godsent for the likes of Bitcoin and gold. These ‘safe-haven’ assets surged under the spotlight, climbing to record highs as stock markets and long-term treasury bonds both collapsed and countries reacted by slashing interest rates. The main reasons for buying these assets were immediately enhanced, and the price reacted as...Read More
When Bitcoin’s price action gets hotter, altcoins start rallying towards double-digit growth on their charts. That’s not exactly a guess either, as this insight can be gained from previous altcoin rallies. Now, consider the opposite for a second. What if the narrative was flipped on its head and this time, the altcoins pumped well before...Read More
Chainlink‘s bulls have been successful in pushing the crypto-asset past the important level at $10.5, and more gains could be in store for LINK. Further down the crypto-ladder, Augur was another coin backed by strong buyer interest while FTT Token broke to the upside of the longer-term trendline resistance. Chainlink [LINK] Source: LINK/USD on TradingView...Read More
A recent survey, a survey that claimed to be the “largest and most comprehensive XRP poll ever conducted,” has come out with quite a few interesting observations, findings that have been welcomed by many in the community with a degree of bemusement. For starters, one of the more startling findings was that 1/3rd of the...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 seems to be following Bitcoin’s footsteps like a disciple, mirroring every single one of the world’s largest cryptocurrency’s ‘up and down’ movements. Although unsurprising, this can help predict ETH’s moves. The following article...Read More
Elliptic, the crypto-asset risk management and blockchain analytics platform, announced today that the Singapore dollar-backed stablecoin, XSGD, has been added to its crypto-risk monitoring solutions to assure compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations. This announcement comes following the public release of StraitsX – the first Travel Rule-compliant stablecoin,...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin SV, like many altcoins in the market, was undergoing a consolidation on the charts after a recent surge of 10-12%. Unlike many, BSV‘s charts pointed to a bullish consolidation pattern over a long-term...Read More
CEO of IOHK Charles Hoskinson, in a recently concluded surprise AMA, addressed viewers and provided the community with important updates on the much-anticipated Goguen Roadmap which will reportedly be released on 29 October. According to Hoskinson, Goguen will be released in a series of updates and hard fork events, each of which will add another...Read More
Bitcoin’s latest pump towards $11,500 changed the outlook of many altcoins from bearish to neutral or bullish. While Cardano bounced strongly off a level of support and formed a continuation pattern on the charts, Compound moved above its long-term descending trendline, although a rise in price was yet to take place with momentum. Waves, on...Read More
Bitfinex Derivatives today announced the launch of perpetual contracts for EOS, Litecoin, and Polkadot. According to a press release received by AMBCrypto, trading went live on Bitfinex on 12 October at 9:00 AM UTC. Under this offering, each contract will be promising users up to 100x leverage and will be settled in Tether (USDt). The...Read More
