The beginning of the week saw many of the market’s cryptos struggle under pressure. While most of these cryptos followed Bitcoin’s trend of falling prices, other small altcoins acted independently and registered price surges of their own. The changing tide in the crypto-market once again highlighted the weak correlation between Bitcoin and small-cap assets since...Read More
Disclaimer: The findings of the following article should materialize over the next few hours. Also, the following information should not be considered as investment advice Bitcoin’s decline down to $11,133 on 11 August damaged its consolidation above its previous support line at $11,618. The downtrend was significant, dropping down from a high of $18,410, all...Read More
Bitcoin’s steady consolidation above the $11,000-mark has come as a relief for many who were waiting on their heels for the world’s largest cryptocurrency to finally post some gains on the charts. However, BTC’s fortunes weren’t exactly shared by the market’s altcoins as soon after hitting their respective local tops, many of them fell, including...Read More
Tezos came very close to hitting an all-time high after XTZ’s price surged by over 13 percent in just 24 hours. Since the start of July, the price action has been very promising for Tezos and this has since almost doubled. While XTZ’s price has seen a few ups and downs lately, strong bullish momentum...Read More
Two of the market’s top cryptocurrencies, Bitcoin [BTC] and Ethereum [ETH], have been witnessing a strong surge in their values over the past few weeks. This week, however, the BTC and ETH markets appeared to be taking a break as the overall percentage change in the value of the top two crypto-assets was just 5%...Read More
Bitcoin’s price, at the time of writing, was facing strong resistance around the $12k mark. Bitcoin’s inability to brush past this resistance also seemed to stunt the growth of many of the market’s altcoins, with fork coin Bitcoin Cash losing close to 12 percent of its trading value in the past week, along with a...Read More
Litecoin, VeChain and Algorand have all tested important short-term supports. VeChain looked poised for more gains. Algorand looked likely to move upward, while Litecoin broke below support and would look to maintain the psychological $50 level as well. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin had a 24-hour trading volume of $2.6 billion. Ranked 8...Read More
The cryptocurrency market has been seeing decentralized finance [DeFi] driving growth in the crypto-verse. Recently, on 9 August, the total market cap peaked at $11 billion, however, at press time was back to $9.275 billion, as per data provider DeFi Market Cap. As the market cap moves higher, the total value locked in DeFi was...Read More
Binance Coin, the exchange token of the popular exchange Binance, has done well in the last 24 hours. The coin has seen a 1% surge and currently stands at $21.83 per coin. The market cap of BNB is $3.152 billion making it the 10th largest cryptocurrency in the world. BNB 4-hour chart Source: BNBUSDT TradingView...Read More
Disclaimer: The following price prediction should materialize within a week. XRP’s price action in the past day’s time wasn’t very promising. With the price maintaining its consolidation near $0.29, a steep drop of 8.56% witnessed the asset dropped down to $0.265 in the charts. In the meantime, the asset also breached the immediate support line...Read More
Ethereum [ETH] may rank second in terms of popularity among major cryptos but has definitely turned out to be a good investment in 2020. The digital asset has been returning nearly 174% to its investors in YTD. As its returns increase, the crypto community has been focused on the circulating supply of the coin, as...Read More
After Bitcoin’s collapse down to $11,285, the rest of the altcoin market finally appeared to tag along for the current bearish ride. Bitcoin Cash, just like other major altcoins slipped by 12.36%, as its valuation witnessed a downtrend from a high of $305 to $270. After the markets actively pictured a recovery, a short-term long...Read More
From the world of altcoins, Chainlink or LINK tokens seems completely unstoppable at the moment. In the past few days, Chainlink has risen by 45 percent in the charts, rising from $9.80 to $14.48 on the 9th of August. As the token consolidates at its all-time high range, we looked into a few developments over...Read More
After strong moves near the end of July, Ethereum has been ranging between a trend for a week, while ZCash has dropped in value since the recent highs near $100. Dogecoin is yet to gather momentum after a very successful July. Ethereum [ETH] Source: ETH/USD TradingView Ethereum has been noting strong positive sentiment on social...Read More
Ethereum gas fees hit a level seen 5 times in the last 4 years; why? The average gas fees on Ethereum blockchain has hit a level not seen in a long time. The average gas fees, at the time of writing, was just below 200. However, as per ETH gas station, for fast transaction confirmations,...Read More
The beginning of the week has introduced selling pressure in the cryptocurrency market as, the price of various digital assets including Bitcoin, was noticing a downward trend. In the case of Bitcoin, its trading price fell by 3.5 percent in the past 24-hours bringing its trading price to $11,339. Source: CoinStats While almost all the...Read More
The crypto industry is almost 2 weeks into August, and since the colossal surge on August 1, Bitcoin‘s price has been tepid again. With the price sustaining between the range of $11,500-$12,000 for the majority of the time, optimism is currently pinned on other factors for the bull run to continue. Multiple arguments have been...Read More
After Bitcoin went past its $10k resistance many of the market’s altcoins have been noting strong bullish sentiment. At press time Bitcoin was being traded at $11,732 with a 24-hour trading volume of $8.4 billion. Source: CoinStats However, the trend has not been uniform across the altcoin market. In the past few weeks, the price...Read More
With every Bitcoin push comes the question of a push back, and when such a question arises all eyes point to the whales. Big movers of the cryptocurrency, operating on a host of exchanges, are even leveraging their trades, whales have a unique place in the Bitcoin market, and they have been the originators of...Read More
Ethereum and its ecosystem look wildly bullish according to Satniment’s “social sentiment on Twitter” indicator. According to the indicator, it has a deviation of +2.78 from the neutral position, which is at an all-time high. Social Sentiment Source: Twitter This comes at a time when bitcoin has hit $12,000 twice within 2 weeks of August...Read More
In May 2020, Paul Tudor Jones, the billionaire hedge fund manager called Bitcoin the ‘fastest horse,’ but it is also important to look at the rest of the field. If Bitcoin is the fastest horse, where does the S&P500, and gold lie in the race, and how long has the cryptocurrency been the fastest? The...Read More
Disclaimer: The following price prediction should materialize over the next week. Stuck between the range of $335-$400 since 31st July, the anticipation surrounding Ethereum’s price is beginning to build in the industry. There is a definite divide between the analysts as many were expecting a bullish breakout while some were convinced that the movement is...Read More
Bitcoin mining as an industry has evolved over the years as BTC’s price has. From being able to mine BTC using CPUs to GPUs, FPGAs, and ASICs, the industry has matured with the current hashrate at 124 TH/s with difficulty at 16.8 T [trillion]. Before the 3rd halving, the price suffered a catastrophic crash in...Read More
With a market cap of $13.37 billion, XRP is the third-largest cryptocurrency in the world. In the last 2 hours, the coin has seen a minuscule surge of 0.5% but that won’t be the end of it. Due to the formation of a bull flag, the coin shows a potential for a surge ranging from...Read More
With Bitcoin breaking resistance after resistance, at some point reality is likely to set in and when it does, will the price hold, surge, or breakdown? At press time Bitcoin is flirting with the $12,000 level for the second time in 10 days, and the market is growing anxious if past events will repeat itself,...Read More
With Bitcoin moving past the $10k resistance in the past few weeks, the month of August has turned out to be quite beneficial for many of the market’s altcoins. Popular altcoins such as Cardano and Dogecoin saw their trading price rise since the start of the month, while Bitcoin Cash saw a surge and a...Read More
Litecoin saw its price take a positive swing, as the rest of the coin market faltered. The 8th largest cryptocurrency in the market is among only two coins in the top-10 trading in the green, with a positive 24-hour price increase, the other being XRP occupying the fourth spot. With Bitcoin back below $12,000, the...Read More
Last week, when Arcane Research reported that the number of Bitcoin transactions going up was not met by high transaction fees on-chain, people shifted their attention to SegWit. It was soon found that SegWit usage in 2020 is becoming popular again and 65 percent of the transactions are using digital signatures. It was a monumental...Read More
Bitcoin Cash, the popular fork of Bitcoin, seemed to be holding well on the charts with its price noted to be $305, at the time of writing. Bitcoin Cash, formerly the 4th largest crypto-asset in the market, had a market of $5.66 billion, with the last 24 hours ringing with positive developments for BCH. Now,...Read More
Cardano, EOS, and Dash, all seemed to be consolidating/range-bound, with their prices waiting to break out on the charts, at the time of writing. However, in the short-term time frame, all the aforementioned cryptos seemed to be expecting a short decline in the near-term. Cardano [ADA] Source: ADAUSD TradingView Cardano [ADA] no longer holds the...Read More
