Bitcoin’s recovery in the market has been slow but it has been witnessing escalating interest from users. As traders look at the low price of BTC as a perfect opportunity to hold, some old metrics have been suggesting that the bull-run might not be that far away. As the on-chain metric gains strength, Bitcoin’s short-term...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. Just like Bitcoin, Binance Coin has been holding its own at the top of the recovery curve over the past week. Without undergoing a significant drop, Binance Coin has retraced from the support at $26...Read More
The East-Asian market is the largest in the cryptocurrency landscape, accounting for a whopping 31% of the total volume over the past year. It is also home to the highest mining activity with China controlling close to 65% of the total Bitcoin hash rate. While the trading volume is driven by a robust professional group...Read More
Diving into the world of investing can be risky, particularly if you’re considering the cryptocurrency exchanges, which are fast-moving and highly volatile. However, there is one platform, which is changing the game for everyone. Source: Arbismart ArbiSmart.com is offering crypto investment at close to zero risk, with profits reaching up to 45% a year. The...Read More
Disclaimer: The following article attempts to analyze the evolving patterns in the Ethereum market and its impact on price. The Ethereum market witnessed a momentary boost in its price on 17 September. This boost placed its current value at $387.34, which was closer to $376, an important point of support for Ethereum. As the market...Read More
Bitcoin’s price drop over 2-3 September had a ripple effect across the rest of the crypto-market. Altcoins across the board depreciated, lending weight to the argument that despite all the talk about an altseason, the world’s largest cryptocurrency continues to share a strong correlation with the rest of the market. Interestingly, the correlation in question...Read More
Bitcoin has been, by far, one of the market’s best-performing assets, despite periods of stagnation in 2020. Given the present economic condition and the uncertainty that is prevalent, Bitcoin has been pitted to be the go-to store of value asset, giving the likes of monetary metals like gold stiff competition. This has also led to...Read More
DeFi’s explosion has fueled Ethereum’s transaction fee hike and the subsequent price rally. When DeFi exploded on 2 September 2020 and later, on 5 September 2020, the figures for Total Value Locked hit $9.6 B on the charts. In fact, Ethereum’s price hit a new high of $484.15, corresponding to DeFi’s rally. Source: Coinmarketcap Not...Read More
Bitcoin’s status as a safe-haven asset has been one of its key selling points for a long time. In fact, this has enabled the world’s largest and most dominant cryptocurrency to welcome more users into the ecosystem, especially in light of the fact that citizens in failing economies are rapidly losing faith in their depreciating...Read More
Dips are a common phenomenon in every financial market. Whatever goes up, has to come down – Momentarily, or otherwise. The same is true for Bitcoin. While many novice traders fear the sight of a price decline, opportunistic traders observe it from the perspective of accumulation for the long-term. Ecoinometrics’ latest newsletter on previous Bitcoin dips...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Tezos’s long-term market and its impact on the price Tezos’s market may not be performing as it did in 2019, but it is still reporting significant growth for the year 2020. Its year-to-date gains had climbed to 70%, at the time...Read More
After noting a 24-hour rise of 54.27%, Bitcoin held on exchanges climbed to 28.54k. In fact, this was the biggest one-day increase in nearly two months. This BTC is held on exchanges for the purpose of trading and an increase in this number is an indicator that HODLers are selling slowly. While there are other...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 Bitcoin was undergoing corrections, at the time of writing, over the shorter timeframe. After recording significant movement while also briefly re-testing the $11,100-mark, Bitcoin’s bullish momentum on the charts finally seemed to...Read More
Bitcoin’s price has been on a recovery run since its fall on the price charts at the start of the month. However, for altcoins like Chainlink, Bitcoin’s sentiment did not seem to have a lot of effect on the cryptocurrency’s price action. Since the start of September, the cryptocurrency’s price has largely been on a...Read More
Ethereum‘s network has for long faced scalability issues that have all contributed to gas fees climbing to newer and greater heights. A recent example of this was observed when Uniswap, a decentralized trading platform, announced the launch of its governance token UNI on 17 September. 1 billion ERC-20 tokens will be released over the next...Read More
After Bitcoin, Ethereum has been the hottest cryptocurrency in the market, especially off-late, with its growth driven by Decentralized Finance [DeFi]. In fact, DeFi’s growth has become synonymous with the growth of Ethereum due to the latter’s heavy utilization in DeFi protocols. Today, investors have moved on from simply holding on to the second-largest crypto-asset...Read More
Although Bitcoin was consolidating at the time of writing, it was putting a lot of downward pressure on many of the market’s altcoins. Major cryptocurrencies like Cardano were moving lower down the price scale, whereas mid-cap assets like Synthetix and VeChain were trying to move forward with a stagnated price on the charts. Cardano [ADA]...Read More
Bitcoin has been one cryptocurrency that has been constantly in demand. Recently, Bakkt Bitcoin futures marked an all-time high in the physically settled Bitcoins, while the tokenized version of Bitcoin has been peaking in decentralized finance [DeFi]. Even though the spot market may appear dull at the moment, major activities were going on in the...Read More
Bitcoin could be a sound long term investment according to these metrics. Yet in the short-term, it still remains a volatile asset. Trading at $10,900 at press time, Bitcoin’s surge left many altcoins struggling against bearish pressure. Polkadot formed a bullish pattern and had room to rise, but could fall short of the target. Ontology...Read More
The volatile crypto market has presented numerous opportunities for the traders to reap benefits and also suffer losses. However, the past week’s loss could have been a great opportunity for the accumulators. Bitcoin kickstarted the week is valued at $10,340 and ended almost at the same value, although the coin fluctuated within the $600 range...Read More
Bitcoin reached $10,950 and faced resistance at $11,200 as Bitcoin Dominance rose alongside. This meant many major altcoins could be facing selling pressure in the near-term. Chainlink lost an important level of support and was primed for a slide to the downside. IOTA also showed bearish momentum, whereas Dogecoin took its first step towards halting...Read More
Bakkt saw a surge in cash-settled bitcoin futures 36% higher than the previous all-time high. This is especially weird considering bitcoin’s uncertain nature. However, there is an interesting take to all of this. Another record day in the books for our physically delivered futures: 15,955 Bakkt Bitcoin Futures were traded today, representing over $200M of...Read More
Besides Bitcoin, all the major altcoins were undergoing severe corrections over the past 24-hours and it seemed like the depreciation was only going to get worse from here onwards. Bitcoin saw its price rise by over 1.6 percent in the past 24-hours and is now trading at $10,871. Source: CoinStats The likes of Bitcoin SV,...Read More
Cardano has dropped out of its bearish pattern, however, its journey higher starts now. With rising bitcoin prices and dominance, there might an altcoin sell-off soon, which might hamper altcoins’ performance. Cardano 4-hour chart Source: ADAUSD TradingView The chart shows the price of Cardano breaking promptly from the rising wedge. After testing the support at...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. Unlike other top digital currencies in the space, XRP struggled to respond after the collective industry collapsed between 1st-2nd Septemeber. With Bitcoin and Ethereum making significant strides in their recovery, XRP failed to move above...Read More
We’ve all heard of the dollar-cost averaging strategy. If you invest the same amount of money, on a periodic basis, irrespective of ups or downs in the market, you’d be better off. This simple strategy is advocated as the crux of any systematic investment plan, but very few people actually do it, and even less...Read More
The world of digital assets and blockchain technology has drastically changed over the past few years. Cryptocurrencies such as Bitcoin, Ethereum, XRP, etc have become household names and the gateway to these assets are exchanges. Most importantly, the idea of decentralized exchanges has picked up the pace, and currently, the space is extremely competitive between...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on price. Ever since the March crash, the value of Bitcoin Cash had been restricted between $206.37 and $263.30, with sudden spurts and a correction adding to the trend. BCH was valued at $333 in mid-August...Read More
Binance Coin retraced some recent gains and could fall further, while Tezos looked also likely to drop. XTZ showed no signs of reversing the downtrend it was caught in. Cosmos showed rising bearish momentum in the near-term and its price ranged between two strong levels that have refused to be flipped since early September. Binance...Read More
Banned or not, cryptocurrencies made its way to India, and traders have not shied away from the opportunity to explore their investment options. Among top cryptocurrencies, Bitcoin has been the most-opted for crypto given its history and dominance above other alts. As the BTC market has been providing great opportunities for traders to enter the...Read More
