Bitcoin Dominance rose to 61.15 from yesterday’s low of 59.9 while Bitcoin saw gains and was valued at $10,850 at press time. Bitcoin’s rise in the past few days was accompanied by many major altcoins seeing red. This can be explained by traders selling their altcoin holdings to buy a surging BTC in an attempt...Read More
Bitcoin continued to surge and was trading at $10,825 at the time of writing. The sentiment around cryptocurrencies shifted from fear to neutral, as the Fear and Greed Index showed a reading of 47. A strong Bitcoin did not alter the fate of Cardano and IOTA which showed a lack of momentum in the markets....Read More
Chainlink reached an ATH of $20 in August and could be set to slowly grind downward in the coming weeks. On a shorter time frame as well, the path of least resistance for LINK was to the downside. EOS was consolidating above a level of support. FTX Token could be set to trade within a...Read More
The prominent narrative for Bitcoin has been its correlation with Gold and its ability to be a store of value. This narrative has been driving growth and the correlation between Bitcoin and Gold. The correlation between the two assets has been on the rise lately and sits at 60% on a 30 days basis. As...Read More
Bitcoin’s surge past $10,500 could have a positive effect on the rest of the market as the fear in the markets slowly evaporates. Polkadot confirmed a bullish pattern as it broke upward past the resistance and looked likely to surge further. Stellar Lumens found support on a near-term moving average but did not show any...Read More
For Ethereum and the rest of the altcoin industry, volatility is high at the moment. With the price undergoing massive sell-off and surges on a 24-hour period, Ethereum has entered a transitionary realm when bears are losing their grip on the long-term. With consistent recovery since September 3rd, there was a high probability for Ethereum...Read More
Another brutal week passes with the Bitcoin price still stagnant around $10k. The digital asset has been losing dominance in the market, something which was observed in the previous bull-cycle as well. Does this mean BTC was on-track to shoot to the moon? Of dominance and hype In 2017, BTC was losing market dominance as...Read More
Disclaimer: The following price prediction should not be taken as investment advice as it is the opinion of the writer. Unlike other assets, XRP has found it more challenging to attain a consistent move upwards over the past few days. While top assets such as Bitcoin and Ethereum have reduced their losses from the drop...Read More
It’s not a shock that Bitcoin outperforms many popular assets in the world. In fact, not only does it outperform popular assets but leaves them in its rearview mirror, eating dust. This is not just because bitcoin is a “speculative asset” and it is living in a “bubble”. It’s been more than a decade since...Read More
Bitcoin SV looked headed for a drop to recent lows at $150 while Dash formed a bullish pattern that was invalidated in the face of selling pressure. Ethereum Classic showed it was heading upwards, but could take a few more trading sessions to confirm bullishness. Bitcoin SV [BSV] Source: BSV/USDT on TradingView On longer timeframes,...Read More
A fractal formation hints at a potential March-style crash in bitcoin price soon. The similarities between the two are uncanny and if the same does take place, we might see bitcoin dip below $10,000 level easily. Although bitcoin has climbed higher in the last 24-48 hours, it isn’t quite bullish yet, at least not until...Read More
Disclaimer: The following article attempts to analyze the emerging trends in the Litecoin long-term market and its impact on price. The Litecoin market has been witnessing increased volatility as it surpassed its immediate resistance at $49.5 and was being valued at close to $51. However, the digital silver could not hold on to this price...Read More
Bitcoin briefly slumped to $10,200 in the past couple of days as traders feared another sell-off but recovered swiftly to breach the $10,500 level and was trading at $10,737 at press time. Source: CoinStats However, evidence of BTC inflow to exchanges could forecast another wave of selling pressure for Bitcoin. Bitcoin Cash and Monero showed...Read More
A perfect week, one that saw the market recover to an extent, came to an abrupt halt when Bitcoin dropped by $350 over the last 24-hours. Riding high on the charts, Bitcoin, trading at a price of $10,575, soon fell down to $10,204 in a matter of just 8 hours. In fact, the aforementioned fall...Read More
EOS was/is a supposed competitor to Ethereum and a new place for smart contracts, DApps, etc. However, lately, it hasn’t amounted to much. Once positioned in the top-10 of CoinMarketCap’s rankings, EOS, at the time of writing, was the 12th-largest cryptocurrency in the market with a 24-hour price change of -2% and a -6.3% price...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 Many of the market’s cryptocurrencies failed to take advantage of the previous week’s period of recovery. Tezos was one of these crypto-assets, with XTZ’s movement upwards rather lackluster after the monumental drop...Read More
Bitcoin briefly spiked to $10,450 before dropping to $10,350, at the time of writing. However, short-term fluctuations might not faze investors one bit as BTC remains one of the market’s best-performing assets by a distance. Further down the cryptocurrency ladder, Tezos exhibited a falling degree of market volatility as traders and investors watched the crypto-asset...Read More
September hasn’t been a great month for the DeFi space. While the space isn’t unfamiliar to sharp falls in TVL in the near-term, the sheer scale of recent developments has taken many by surprise. For example, just check out DeFi Pulse’s charts for 8 September 2020. The figures for Total Value Locked dropped by over...Read More
Bitcoin was trading around the $10,400-level, at the time of writing, a level that has proved crucial for it in the past. On the other hand, Cardano showed some bullish signs after a minor drop on the charts, with ADA looking to resume its climb. Further, while STEEM formed a triangle pattern that could see...Read More
With the markets going the way they are, an asset that is resolute and can withstand seismic changes would bear importance. However, in such a market, does such an asset exist? For the better part of the previous century, and even early on in the current one, long-term United States treasury bonds were thought to...Read More
Stellar Lumens registered a brief uptrend on the charts, before slumping. XLM, at the time of writing, needed to resume setting higher lows to inspire any bullish confidence. EOS too lacked a definite direction, exhibiting a lack of momentum over the past few days with its bearish outlook. Further down the charts, Algorand also showed...Read More
Disclaimer: The findings of the following article attempt to assess Ethereum’s price trends and the direction of it in the near-term With the DeFi bubble cooling off, the situation has started to go sideways again. The prices of Ethereum and even Bitcoin are now moving within certain ranges, a development that is good for scalping....Read More
Bitcoin registered a drop from $10,500 to $10,350 a few hours ago, a drop that also pulled down Ethereum‘s price from $388 to $358. In fact, Ethereum might be primed for another sell-off as on-chain metrics paint a bearish picture for the cryptocurrency. That’s not all. At the time of writing, XRP lacked momentum as...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 After the 1st week of September saw the entire market painted in red, the 2nd week presented a window of opportunity for many cryptocurrencies, with most working towards some form of recovery...Read More
Bitcoin dropped from $10,550 to $10,350 as BTC moved into exchanges to take advantage of any spikes in price. Binance Coin noted some bullishness as well as the crypto, driven by developments in its ecosystem, surged to breach its previous resistance levels. Further down the charts, Polkadot exhibited bullish signals as well. On the contrary,...Read More
Decentralized Finance “lending” protocol, bZx, is not having a good year. Seven months after bZx was hit by two major hacks that saw the protocol lose over $954K, it is in the headlines again after yet another bug was exploited. This time, the losses have been as high as over $8M in user deposits or...Read More
Since Bitcoin’s inception, the world’s largest cryptocurrency is up by 12 million percent. 12M percent, and no, that is not a t1ypo. The price of Bitcoin was up by 12,173,746%, as of writing, and this was not even Bitcoin’s ATH. However, while outsiders may be surprised by the scale of the growth, the point is...Read More
You can look at the Bitcoin market in two ways. “Oh no, Bitcoin just dropped to $10,000 and it’s been there for over a week now” could be one way. “Bitcoin has been trading over $10,000 for over seven weeks now” could be another. Which way you look at the market is just a matter...Read More
Ethereum’s price had sustained itself above the $320-level for a period of over 6 weeks. However, it dropped below $320 on 6 September, following which, a massive recovery effort saw ETH climb to $386 within a week. While a profit of 20.25% can be noted over the past week, ETH was still recording losses of...Read More
The past week saw Bitcoin’s dominance drop from 61.6% to 59.5%, while Bitcoin surged from $10,000 to $10,500 over the same period of time. Bitcoin Cash appeared to be consolidating as traders waited for the market to decide upon a direction. Monero rose past a level of resistance and seemed to have flipped its level...Read More
