The value of Bitcoin continues to trail under the resistance of $10,440 in the charts, as its inability to peak above continues to draw speculation. Although over the week, the asset has slowly bridged the gap from a bottom of $9890, a prolonged period of consolidation may cause exhaustion in buying pressure as well. The...Read More
For all the talk about an incoming altseason, the last few weeks have seen Bitcoin’s influence on the crypto-market become more and more apparent. Defying expectations, the world’s largest cryptocurrency fell incredibly on the charts, falling under $10K even.Soon, contrary to decoupling claims, most of the market’s alts followed suit, with many of them registering...Read More
After reporting tremendous gains during the rally, Ethereum has also succumbed to the correction setting in the crypto market. The second-largest digital asset has lost approximately 26% of its value in September, and this was one of its many problems. According to data provider Santiment, the ERC-20 market cap has ‘flippened’ the ETH market cap....Read More
The crypto-market has been going through some tough times lately. While many expected Bitcoin, the world’s largest cryptocurrency, to finally sustain a breach of $12k and climb on the charts, the opposite happened. BTC fell dramatically on the charts, and the rest of the altcoin market followed suit. The likes of Zcash, Binance Coin, and...Read More
Since the beginning of September, most of the market’s attention has been on the price of Bitcoin, Ethereum, and a few of the top altcoins, with the industry continuing to tackle intense bearish pressure, at press time. Amidst all the noise, however, on-chain development seems to have been forgotten somewhat, with the new Coinmetrics report...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Bitcoin Cash’s long-term market and their impact on its price The popular fork of Bitcoin, Bitcoin Cash was following BTC’s lead as the market registered many great troughs and peaks recently. However, the latest corrections in the market have shaken the...Read More
The cryptocurrency industry, while looked down upon with a lot of suspicion once, is turning out to be the saving grace of many investment portfolios today since Bitcoin is proving itself to be an asset that can hold its value in the long run. Institutional interest in Bitcoin, aided by increasing regulatory clarity, has surged...Read More
With the digital asset market stabilizing on the charts to attain some recovery over the past week, Chainlink has been the one to lead this pack of altcoins. Recovering from a local bottom of $9.10, the crypto-asset has done well to briefly re-test the $13-mark over the past 12-hours. However, the appalling bearish pressure continues...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 Clocking in at a low of $9,980 on the morning of 9 September, Bitcoin soon recovered by close to $600 in a matter of just 24 hours. However, despite the sudden bullishness,...Read More
What’s the motivation behind purchasing an altcoin? For some, a specific altcoin is an entry into a different facet of the larger cryptocurrency space. While some offer exchange-related on and off-ramps, most altcoin buyers look to these coins with small market caps simply because they can double or even triple within a few days. This...Read More
Stellar Lumens [XLM] was one of the market’s few bullish coins, at the time of writing, with both BAT and DASH exhibiting a bearish bias due to the patterns formed on their charts. In light of the fact that Bitcoin has been tip-toeing the $10,000-level, we can expect many of the market’s cryptocurrencies, especially the...Read More
Bitcoin and the crypto-market have noted quite a few ups and downs in their fortunes over the past few months. However, despite the fact that the world’s largest cryptocurrency did fall below $10,000, and at press time, was struggling to consolidate right above that level, it is safe to argue that Bitcoin has remained fairly...Read More
Tezos’s price and its short-term future were looking bleak, especially after the cryptocurrency’s price dropped below its 200 DMA on the 6-hour chart. In fact, this development pushed the price down from $3.53 to $2.53 over the past week. If this wasn’t enough, more may be on its way for Tezos. Tezos 6-hour chart Source:...Read More
After a month of upward volatility, the cryptocurrency market has been noting waves of corrections since the beginning of September. However, such corrections have also resulted in many prevailing trends in the cryptocurrencies market changing. XRP, the fourth-largest cryptocurrency in terms of market cap, has been shrinking in value. In fact, it recently tested its...Read More
The cryptocurrency market has registered a wave of corrections over the past few weeks. In fact, the price of the world’s largest digital asset, Bitcoin, has fallen by over 14% since the beginning of September, with a host of liquidations on 2 and 3 September responsible for the cryptocurrency’s price falling below $10,000. However, Bitcoin...Read More
Bitcoin’s price action seemed to have done the trick yet again, at the time of writing, with most of the market’s altcoins registering negative gains after incurring substantial losses over the past week. Bitcoin’s dip into the sub -$10k territory, despite a brief recovery, left its mark on the altcoin market, with cryptocurrencies like Polkadot,...Read More
Binance Coin, Tron, and Cosmos were some of the major altcoins that showed signals of an end to the bearish pressure. Much of the altcoin market continued to see red, as Bitcoin defended $10,000 and Ethereum oscillated between $330 and $360 range. Tron in particular could be swept upward to new highs as Sun Genesis...Read More
The cryptocurrency market has been a great place for traders, until recently. Over the weekend there was a major correction setting in the market, that changed the existing trends in the market. As Bitcoin’s price crumbled under $12k, the unprecedented pressure in the market pushed its value briefly under $10k. The lowest price level seen...Read More
Bitcoin was able to defend the $10,000 level but the rest of the cryptocurrency market saw red as selling pressure hadn’t been completely exhausted. At press time the king coin was being traded at $10,192 with a 24-hour trading volume of $86.5 billion. Source: CoinStats Bitcoin SV exhibited a bearish pattern and could be poised...Read More
Cardano has been showing a lack of momentum in the market in the past couple of days, and it could continue as price consolidated between important levels of support and resistance. Ontology showed it might be ready to breach and hold the nearest level of resistance. Algorand also showed signs of neutrality as traders opted...Read More
Over the past 6-days, the collective digital assets industry has taken somewhat of a breather as the bears seemed to have reduced their pressure on the market. Yet, most of the altcoins are still steadily dropping. The bottom was created for Bitcoin and the rest, on 3rd September itself, however, after rallying back above immediate...Read More
I get it. With the price still just over $10,000, down from the year-high peak of $12,000, and looking weaker by the day, it’s tempting to sell Bitcoin at this time, but would you gain anything by selling, and more importantly, is anyone selling? To those who’ve simply gotten into cryptocurrency as a form of...Read More
Hodling as a strategy to drive up prices is still as relevant as 2016 and early 2017. A third of UK companies had stockpiled Bitcoin in 2016, well ahead of the anticipated bull run. Their reason was protection against hacking and ransomware attacks, however, the risk is higher with Bitcoin’s involvement. This Hodling incident was...Read More
Following Bitcoin’s lead, XRP has been consolidating. The value of the fourth-largest digital asset in terms of market cap was close to $0.2391, at press time. Given the recent pressure in the market, XRP has been shedding its value and was currently close to its immediate support of $0.2288. Source: XRP/USD on TradingView The above...Read More
Ethereum was trading at $337 at press time and displayed bullish divergence yesterday, which played out as ETH briefly spiked past $351 resistance before being forced to drop. Zcash saw a notable lack of momentum, while Synthetix Network was facing strong bearish pressure. Ethereum [ETH] Source: ETH/USDT on TradingView Using the Fibonacci Retracement tool for...Read More
Litecoin had a brief spike before being forced back beneath resistance. It is possible that Litecoin and Ontology will not move upward or downward by a large margin in the coming days as it looked to be in a phase of consolidation. Dash set its next level of resistance as a target, and might be able...Read More
Polkadot invalidated a possible bearish pattern in the past few sessions. At press time, it lacked momentum in both directions. IOTA was indicating signs of short term bullishness and could surge past nearby resistance level. Compound showed a likelihood to drop in price, perhaps as far as $152 in the near term. Polkadot [DOT] Source:...Read More
Although this article isn’t different from a lot of bitcoin price prediction articles out there, this is a different article. The underlying reason for Bitcoin hitting $28,000 by November 1, 2020, is based on historical data and not just an analyst’s prediction. Bitcoin’s volatility is a well-known aspect of the asset and the fact that...Read More
A terrible past week saw the largest digital asset take a massive hit on its apparent bull run. Bitcoin, as we speak had dropped down by $2000 in a span of 48-hours, dropping from $12,048 to $9890 during the 1st week of September. At press time, Bitcoin was valued at $9954 but speculations were still...Read More
Bitcoin SV has been in an uptrend in the past couple of days. It remains to be seen if it has the strength to reclaim important moving averages. The uptrend might be part of a bearish reversal pattern and could cause a drop in the coming sessions if it played out. Cosmos and Ethereum Classic...Read More
