It is an interesting period in the digital asset industry. While prices were indicating a series of pullbacks, many suggested that the bottom is near or possibly nearing with time. At the moment, Bitcoin continues to hold fort around the $10,000 range, bouncing consistently from the $10,200 mark. With the king coin holding its grounds,...Read More
Bitcoin’s on-chain metrics suggest that the market is overly bearish. This has been the case for most of 2020. Source: Coinmarketcap Up till now, on-chain metrics are considered a reliable source of data for predicting Bitcoin’s market sentiment and price. It is assumed that the Bitcoin Network needs sufficient on-chain volume in order to fuel...Read More
Life as we know it is full of surprises and unexpected situations can take place at any moment. Take 2020 for instance. The global economy was hit by a pandemic and for a brief period of time, the financial landscape was as bad as 2008. Securing your investments and assets is the main priority in...Read More
Following a week that saw Bitcoin, the world’s largest cryptocurrency, fall dramatically, BTC was soon in recovery mode. In fact, at the time of writing, it was valued at just under $10,700, with the cryptocurrency’s performance giving impetus to the market’s altcoins too. Taking BTC’s lead, many of these alts, including the likes of Tezos,...Read More
DeFi is the latest hype machine in the crypto-market. It has evolved from simply earning interest by locking crypto to Governance tokens and being able to trade these derivatives. As of 01 January 2020, the total value locked [TVL] in DeFi was just around $675 million. However, as DeFi, governance tokens, and yield farming mania...Read More
Binance exchange has added another important asset to Cross Collaterals- Ethereum [ETH]. Ethereum was the third asset to be added to this list after Bitcoin [BTC] and Binance USD [BUSD]. With Ethereum as another option to choose from, it would allow users to collateralize their crypto assets to borrow against ETH. The release from Binance...Read More
Bitcoin‘s price has moved an awful lot in the past 24-hours but the entire community was on market watch. With analysts tracking different metrics and changes in volume, CryptoQuant CEO observed a bit of activity from the whale’s side, or dare I say, a lack of activity. Ki Yong Ju indicated on twitter that the...Read More
Disclaimer: The following article attempts to analyze the emerging pattern in the Ethereum short-term market and its impact on price. Another push to the upside boosted Ethereum’s price by 9% on 24 September. This spike in the price had managed to surpass its resistance at $345.33 and be valued at $353.14. However, the price immediately...Read More
The last few weeks have only supported the argument that Bitcoin, the world’s largest cryptocurrency, remains highly correlated to the market’s altcoins. This, despite the fact that over the past few months, these alts have all recorded strong performances, some independent of BTC’s own movement. However, when BTC fell on 2-3rd September, so did the...Read More
Binance Futures was launched a year back and today, as per CoinGecko’s ranking of top derivative exchanges, it stands third. The exchange has been popular among users due to its active listing of in-demand products like Chainlink [LINK] quarterly 1225 coin-margined contracts with leverage of 75x. At the time, LINK wasn’t being significantly affected by...Read More
Following Bitcoin’s footsteps, many of the market’s altcoins noted a slump in their price when the week began. The case for Bitcoin Cash was the same, with the coin falling on the charts by over 10 percent on 21 September. Since then, BCH has registered lower lows and lower highs and the coming week is...Read More
Bitcoin’s investment thesis as a long-term asset has been fairly well-received over the past few years. In fact, with more and more institutional investors, Bitcoin seems to be emerging as the go-to asset. While 2020 was pitted to be a key year for the cryptocurrency owing to its third block reward halving, the year hasn’t...Read More
After being rejected under the $11,000-mark, the last 48-72 hours have seen Bitcoin survive a period of bearish turmoil. With the cryptocurrency’s price consolidating near $10,300 at press time, some degree of recovery was observed on the charts. However, the resistance at $10,412 continued to hold out. A look at Bitcoin’s charts revealed that a...Read More
Bitcoin and Ethereum have shared the center stage at regular intervals this year. In fact, some would argue that Ethereum has run more miles and gotten more attention than BTC this year. Such a scenario was playing out in the markets as well. Over the course of certain bullish spells in 2020, most particularly during...Read More
Everyone wants more money. It is the reason we seek good investments and at times, quick money-making schemes. While investment in stocks, bonds, and real estate are common, cryptocurrencies have emerged as an evolving class of investment, one that could help avid traders and investors. However, from a traditional point of view, the crypto-market’s volatility...Read More
Volatility is a given in the Bitcoin market, but nowadays, it’s a given in every market. Let’s face it – 2020 hasn’t been a good year for a lot of things, least of all the financial markets. With stock markets hitting record-lows, inflation only likely to rise from here, and investors puzzled with all that’s...Read More
Binance Coin, ATOM, and even Compound registered a bullish bias after noting a drop on their charts over the last week. However, while Binance and ATOM hinted at a definite bullish move, the same might not be the case with Compound’s COMP token. Binance Coin [BNB] Source: BNB/USD on TradingView With a huge descending channel...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is the sole opinion of the writer The DOT token belongs to the blockchain Polkadot. The blockchain was envisioned by Dr. Gavin Woods, the co-founder of Ethereum [ETH] and the inventor of the Solidity smart contract language. Launched fully...Read More
The crypto-market opened itself to a lot of volatility after a sudden fall towards the beginning of the week was noted on the charts. In fact, the aforementioned fall impacted altcoins more than it impacted Bitcoin, with the worst sufferers being small-cap assets and mid-cap assets, while major crypto-assets registered a red market. Litecoin [LTC]...Read More
Bitcoin‘s price in the market has been taking continuous hits over the week. While Bitcoin started the week by facing strong resistance close to $11k, a sell-off soon pushed its value down by 6.32%, with the digital asset once again valued at $10.2k. While BTC tried to bounce back from this drop, on 23 September,...Read More
The altcoin market continues to demonstrate its close ties to the world’s largest and most dominant cryptocurrency, Bitcoin. As Bitcoin’s price fell on the charts at the start of the week, the same was replicated by popular altcoins such as Cardano, Algorand, and VeChain, with price drops of up to 20 percent noted on the...Read More
Chainlink continued to fall on the charts as Bitcoin showed signs of bearishness. Tron’s market was controlled by bears and TRX was likely to go lower, however, it did show a bullish divergence that might play out in the coming hours. IOTA also had a bearish outlook, as most of the crypto market bled after...Read More
XRP looked ready for a fall in price as it traded just above a level of support that might not hold firm. It also caused a stir when 500 million XRP had been moved from Chris Larsen’s wallet, but he immediately responded with an explanation. Stellar’s market was dominated by bears. Zcash was also bearish...Read More
This week saw increased volatility in the crypto market, not only due to the expiry of Bitcoin contracts but also because of the expiry of Ethereum contracts. Nearly 460,000 ETH options are set to expire on Friday that made up for almost $450 million in open interest. This will be the largest expiration date for...Read More
Volatility and fear have been making up the crypto market at the moment. While Bitcoin [BTC] looks at another crash owing to the stock market, the remaining market has also been suffering. This present state of the market has put the best performers in the market, small-cap assets, in the worst-performing category, while BTC leads...Read More
Disclaimer: The following price prediction should not be considered as investment advice. While the majority of the altcoins always follow Bitcoin‘s market trail, some of them have lately followed their own path. Chainlink is a prime example. For a brief window, Tron was performing really well on its own and lately, it has been Binance...Read More
Around four months ago the crypto winds started blowing towards defi. The total value locked up in defi-related protocols increased from about $1 billion to $10 billion. Although a lot of this hype began after Compound’s Comp token, there was a new bubble – it was the governance protocol/token bubble. Source: Defipulse Defi aka decentralized...Read More
Ethereum formed a bearish pattern that could take the price beneath $300 in the next few weeks. The scenario of the crypto market, in general, was bearish, with the likelihood of further losses. Tezos showed no signs of reversing the downtrend and was set to plummet further. Dash slipped beneath a crucial level of support...Read More
Physically settled BTC Futures on Bakkt are 322% higher relative to the July 2020 level. The average daily volume is $36 M. Source: Skew Open interest increased 197% over the past two months and the growth of physically settled BTC Futures is proportional to the same. Physically settled BTC futures on Bakkt were the first...Read More
Cardano has dropped out of the top 10 rankings and now has a market cap of $2.52 billion. With a 13% decline in the last week, the price might have a chance to rebound in the short-to-medium-term. Cardano 4-hour chart ADA didn’t rebound as mentioned in the last article, however, this is due to bitcoin...Read More
