Bitcoin could be the investment of the decade. However, it still has significant hurdles to cross. A sustained breach of the $12,000-mark could usher in huge gains, pushing Bitcoin to new heights and altcoins with it. As far as some of the latter are concerned, in the near term, Stellar Lumens and Enjin were ready...Read More
The market cap of Bitcoin was $210 billion, at the time of writing. Would it be a long shot to say that Bitcoin will overtake Google [$1 trillion] and perhaps, even Apple [$2 trillion], in terms of market cap very soon? Well, probably not. A few years ago, the same idea would have seemed completely...Read More
When volatility is low and the market sentiment is neutral, copy trading may be the best bet for retail traders. Social trading platforms have been around for a while, however, they are even more relevant now. Consider this – Finance Illustrated recently released a list of the top traders on the social trading platform, eToro....Read More
The Crypto Fear and Greed Index stood at 55 on a day when Bitcoin bulls were attempting to push its price past $11,400. XRP showed signs of bullishness on the chart too, and interest from buyers in the crypto-asset could rise over the coming days as it also appeared to be on the verge of...Read More
Cardano noted a surge of over 12% in the last 48 hours, with ADA’s price chart picturing $0.0089 as its temporary bottom. At press time, however, the market was still deciding if this pump was an impulse wave or a fake pump. Should it turn out to be the latter, then we can expect the...Read More
Bitcoin Cash rose to test its resistance at $245, with the crypto expecting to note a minor pullback before another rise above its resistance. Synthetix Network Token was quite volatile in the short-term, but was likely to lose a strong level of support in the coming days. OKB was in a phase of consolidation and...Read More
Bitcoin registered a strong surge in price over the last few days, with the world’s largest crypto finally surpassing its $11k resistance to be valued at $11,363, at press time. However, the altcoin market too has been noting strong growth on the charts. Source: Coinstats Chainlink has been one of these alts, with LINK climbing...Read More
The altcoin market, in general, appeared to follow the movement of Bitcoin, with the latter trading at $11,348, at press time. Polkadot formed a bullish pattern and could break out to test the next level of resistance. EOS was in a short-term uptrend, but it was unclear if buyers’ interest would facilitate the coin’s recovery....Read More
In an official announcement earlier today, popular exchange KuCoin revealed that it will be launching USDT-Margined Polkadot (DOT) and EOS (EOS) Perpetual Futures at 16:00:00 on 12 October 2020 (UTC+8), supporting 1-50x leverage. Polkadot, an open-source project founded by the Web3 Foundation, is a sharded protocol that enables blockchain networks to operate together. After its...Read More
Bitcoin’s search results on Google are one of the hottest topics in the correlation narrative. You have for long read stories of Bitcoin’s correlation with gold, with the S&P 500, or specific tech stocks in particular – like Apple. However, this one is different because when you zoom out, it all starts blending in. In...Read More
There are only three reasons why you take pleasure in an asset’s price fall. Either, you shorted it, knew it would tank, and didn’t buy it, or you enjoy seeing it lose value. In the Bitcoin market, or should we say the anti-Bitcoin market, this sentiment is quite popular. Given the deep disruptive nature of...Read More
Bitcoin’s adoption narrative over the past few years has been rather promising. With institutional investors stepping in along with more regulatory and tax clarity for digital assets and the larger crypto-market, 2020 has seen renewed interest in assets like Bitcoin. This has led to some of the suspicions surrounding crypto being debunked, while also contributing...Read More
The last few days have seen a lot of public debate and questions emerge around the use of FTX’s FTT token by Alameda and Sam Bankman-Fried to borrow assets for short-selling. The issue in question initially arose after people accused SBF, a well-known industry figure and CEO of FTX, of borrowing YFI, allegedly destroying its...Read More
11 days have passed since the CFTC issued its indictment against BitMEX’s senior management. However, despite its legal troubles, the popular crypto-exchange continues to operate with respectable daily trading volumes. This fuels the question – How important is BitMEX really to the larger crypto-ecosystem? Now, worst-case scenario, if the accused are found guilty, the exchange’s...Read More
Monero and Maker could be set for a minor pullback on the charts, before resuming their previous uptrend. Cosmos might break to the upside and post healthy gains, although a few more trading sessions would make Cosmos’ scenario clearer. Monero [XMR] source: XMR/USD on TradingView XMR was forming higher highs, while the momentum indicator (RSI)...Read More
Many investors in Uniswap’s governance token, UNI, were hurt by the token’s crashing price. While UNI had peaked in early-September with a value of $8.59 within days of its launch, it could not hold onto this value and soon began its gradual descent on the charts. Further, the low volatility period in September was followed...Read More
Bitcoin was trading at $11,333, at the time of writing, While BTC’s short-term movement has been sideways somewhat, its long-term returns have outclassed returns from traditional assets such as the S&P 500 and even the U.S Dollar. Over a shorter timeframe, Bitcoin’s move above $11,200 had a bullish outlook to it, and it is likely...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Bitcoin Cash’s long-term market and its impact on the price The Bitcoin market has been surging over the past couple of days and given the strong correlation between Bitcoin and its hard fork, Bitcoin Cash [BCH], the latter has noted a...Read More
Bitcoin surged to $11,498, before it dropped to a local low of $11,235, all within just a few hours. In fact, Bitcoin’s move up saw other crypto-assets in the space climb too, while its brief drop contributed to other assets following its footsteps. Bitcoin SV and Decred have been posting strong gains on their charts recently,...Read More
Popular crypto-exchange Binance shot to prominence within no time, with the exchange today enjoying its status as one of the market’s most trusted exchanges, despite the fact that it is centralized. In fact, Binance has been avidly looking out for demand in the market, following which, it has over the past few months launched an...Read More
With the cryptocurrency recently recording its high for 2020, Monero could be at the beginning of a long-awaited bull market. NANO too was registering strong buying momentum, with the digital asset’s charts noting a bullish rectangle pattern. Finally, Ethereum Classic also continued to record appreciable gains on its charts, rising significantly above a crucial support...Read More
Bitcoin’s value proposition as the go-to store of value asset has resonated fairly well. Alas, the intrinsic qualities that enable it to perform as a store of value on such a decentralized level have acted as a barrier to it taking off as a revolutionary payment system. Over the past week, Bitcoin has seen its...Read More
The recent rise of Litecoin appeared not to have the backing of buyers, with LTC expected to head lower on the charts once more. This was interesting since it came amidst reports that institutional investors could be turning to Bitcoin as a hedge against inflation, with the world’s biggest cryptocurrency moving past $11,200 recently following...Read More
If you haven’t turned a profit in a while, well, you are not alone. In fact, a recent study by Brazil’s University of São Paulo found that of the share market day traders who persisted for more than 300 days, 97% of them lost money. Further, the study found that the top day trader among...Read More
With both Bitcoin and Ethereum noting some much-needed market momentum, altcoins seemed to be on the rise again over the weekend. Synthetix and VeChain were few of them, with the alts on the brink of kicking off another rally, with strong bullishness visible on their charts. EOS, however, fell to the overbought zone and hit...Read More
The altcoin market relies heavily on the price action of the world’s largest cryptocurrency, Bitcoin, and such has been the case over the past few days. Since the start of August, XRP has been confined to a descending channel formation. However, the recent surge in Bitcoin’s price, one that enabled it to break the $11k-price...Read More
Tezos, QTUM, and Polkadot, all registered a brief price correction on the charts over the course of the day’s trading session. Despite such corrections, however, the overall gains were up by almost 2% since yesterday for each of these digital assets. While Tezos and Polkadot were noting some bullish weakness, QTUM signaled a dip in...Read More
Unlike a Bitcoin proponent, Gold bugs never say ‘you should’ve bought the gold dip.’ Have you ever wondered why? The immediate answer would be Bitcoin is volatile, it’s up today, down tomorrow. On some days, it’s down by 50 percent or more, those are days when you should’ve bought the dip. On the other hand,...Read More
South Korean crypto-exchange Bithumb was in the news this year after it was levied a tax of 80.3 billion won ($60.2 million) by the country’s National Tax Service (NTS). Bithumb, for its part, was quick to resist, with the exchange arguing that this charge was baseless on the grounds that the country did not even...Read More
IOTA Co-founder Serguei Popov yesterday released the latest update on IOTA’s recent developments, describing October as a busy month for the team. These developments included the Pollen Testnet Implementation, a development that saw the mana spec implementation come to life with improved base mana functionality like mana calculations and metrics collection, as well as the...Read More
