We are currently part of an unusual Bitcoin rally. Unlike Ethereum, Bitcoin hasn’t surpassed its highs from 2019. It hasn’t even come close, to be fair. However, many in the community remain bullish about Bitcoin only because it is not dropping from its yearly-high levels. As simple as that. At press time, the world’s largest...Read More
Bitcoin’s recent burst past $12,000 was unlike the first, and is potentially a sign of things to come. Over a week ago, on 2 August, when Bitcoin rose past $12,000 for the first time since June 2019, its price dropped by 8 percent within the hour. The rapid rise tested a bull trap where trigger...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24-hours Bitcoin SV, against all odds, has been able to avoid massive depreciation on the charts since hitting a high of $250 on 1 August. The crypto-asset maintained its consolidation between $218 and $230 over the past 24-hours and it is uncertain whether...Read More
Listing announcements often have a profound effect on the performance of a market’s cryptocurrencies. The example of Band Protocol’s BAND is a case in point. Just a few days ago, BAND surged incredibly on the price charts, with the token surging by over 60% in one day after Coinbase Pro announced that it would list...Read More
Even with Bitcoin climbing over $12,000 for the second time in two weeks, most of the attention in the larger crypto-market is on its number two – Ethereum. The world’s largest altcoin was trading at just below $400, a two-year high, at press time, having eaten a significant chunk of the crypto-market’s dominance. With Bitcoin...Read More
In the current era of the financial industry, cryptocurrencies have become a household name for investors and traders. Over the past decade, we have seen Bitcoin laying out the path for the rest of the industry, which has led to the current influx of crypto projects coming into existence. The idea of investing in digital...Read More
Right now, it is a strange time to evaluate the digital asset market because there is still a lack of clarity. The early signs of bullish sentiment that emerged in early-August are now inconsistent across the board. No longer are the market’s coins registering hikes in unison with Bitcoin and Ethereum, with these alts identifying...Read More
DeFi ecosystem has come a long way over the past few months. From a Total Value Locked (TVL) figure of $539.8 million right after the market crash in March, it has recovered extraordinarily well. At the time of writing, the same figures had risen to as high as $4.58 billion. Leaving ETH behind Interestingly, while...Read More
Trading at $0.145, Cardano is still the eighth largest cryptocurrency in the world, boasting a market cap of $3.66 billion. On a higher time frame, the coin has seen a surge of about 900% from March to July 2020. While this, in itself, is a staggering surge, ADA will be faced with another challenge soon....Read More
Bitcoin has been termed as many things, an uncorrelated asset, diversification for portfolios, a bubble, etc. However, with the Coronavirus pandemic still affecting world markets, the narrative has evolved yet again. The sudden halt of supply chains and industries has caused irreparable damage to the economy of most countries. In India, Reserve Bank of India...Read More
Litecoin seems to be on the receiving end of the altcoin onslaught. In the past two months, Litecoin has been pushed down in the top-10 coins in the market by two individually surging contemporaries, Cardano back in July and Chainlink now. Digital silver now occupies the 9th spot with a market capitalization of $3.79 billion,...Read More
The last few weeks have been good for Bitcoin, and by extension, the cryptocurrency space. Sure, the world’s largest cryptocurrency finally surged on the charts to give much-needed relief to its investors, but that wasn’t all. With every passing day, cryptocurrencies are being legitimized as an “asset class,” and mainstream institutions are finally playing a...Read More
A week ago, Bitcoin dropped by 8 percent in an hour, minutes after it surged over $12,000 for the first time in 14 months. On August 2, between 0400 to 0500 UTC dropped from $12,000 to under $11,000 and considering the history of the cryptocurrency markets, this bleeding was pegged to continue. Quite surprisingly, not...Read More
Bitcoin is currently trading at $11,700 and has a market cap of $216 billion. The coin’s surge has been undone in the last 24 hours; however, with the way bitcoin is set up, the price might shatter the $12,000 level or head lower. With price stagnating near $12,000, a lot of people might FOMO-in if...Read More
Bitcoin, and by extension, the larger crypto-market, have both done well over the last few weeks. Not only did the world’s largest cryptocurrency allay concerns associated with its price performance, but for the first time since March, BTC was also able to sustain a position above its previous psychological resistance of $10,000. At the time...Read More
Cryptocurrencies have had a conflicting Q2 and a dormant beginning to Q3. As the price of Bitcoin [BTC] moved sideways, most of major cryptos followed its lead due to their high correlation with BTC. However, there were various alts in the market that have been successful in grabbing more attention than Bitcoin and Ethereum. As...Read More
Ethereum‘s market has been noting tremendous growth lately on the back of various decentralized finance [DeFi] applications. However, it didn’t take long for the growth story to be eclipsed by yet another heated discussion on the credentials of Ethereum. Over the past few weeks, some have attributed such growth to Ponzi schemes running on the...Read More
For most investors, the crypto-market is no longer uncharted territory. Thanks to increasing regulatory clarity and mainstream adoption, institutional investors are now flocking in. With the industry maturing over the past decade, it would seem that North America has emerged to become a very important market, something evidenced by the fact that it has more...Read More
Disclaimer: The findings of the following article attempt to analyze the impact of emerging trends in Litecoin’s long-term market and its impact on the price The digital silver to Bitcoin’s gold, Litecoin [LTC] has for long been highly correlated with Bitcoin, the world’s largest cryptocurrency. In light of the recent volatility in the market, LTC...Read More
Since it was created, Bitcoin’s aim has always been to prove traditional finance wrong. Now, it seems like this aim is being fulfilled. With every passing day, Bitcoin’s price is either holding firm, surging ahead, or surviving a fallout. Its price performance over the past 3 months is a testament to the same, and this...Read More
Cryptocurrencies, like any other financial asset, have long been used for ransom by illicit actors. Over the years, there have been multiple crypto-scams and Ponzi schemes that have managed to siphon a huge amount of cryptos directly from users, while others have attacked third parties like exchanges with Ransomware or DDoS attacks. Impersonation scams have...Read More
Disclaimer: The findings of the following analysis attempt to foresee XRP’s price movement over the next 24 hours Since the start of the month, XRP has recorded massive gains on the price charts. In a week’s time, the world’s third-largest crypto saw its trading price appreciate by close to 30 percent. While the second quarter...Read More
This past week, over 231,000 Bitcoin [~$2.54 billion] and 3.5 million Ether [~$1.05 billion] acquiring profit of over 25 percent were sent, according to the latest market intel report by blockchain analytics firm Chainalysis. This is a bullish market, one where the king coin is priced at over $11,500 (Its highest price since August 2019)...Read More
Bitcoin’s efforts to consolidate its position right below $12,000 were bearing fruit for much of the altcoin market, with many of the industry’s most prominent alts noting significant gains of their own over the past week. Source: Coinstats However, that wasn’t universally the case as many others like Bitcoin SV and Decred fell on the...Read More
Bitcoin Cash‘s price action over the past week has been promising, despite BCH having encountered a strong resistance level that stopped the coin from surging even further on the charts. While the BCH community has been split with regard to its network’s difficulty adjustment, the market’s 5th-largest cryptocurrency and fork coin has managed to stay...Read More
Owing to its overwhelming market dominance and the fact that it shares a high correlation with the industry’s altcoins, Bitcoin and its price movement have always had a major impact on the fortunes of the rest. This has been the case off-late too, with many alts climbing on the back of Bitcoin’s hike in August....Read More
The cryptocurrency market has been waiting for a rally since the beginning of the year. However, while the bulls were all set to push the market north, events such as the COVID-19 pandemic intervened to restrict the movement of crypto-assets. Now, once again, analysts are highlighting the bullish signs in the market, with the world’s...Read More
Bitcoin maintaining its price position above the $11,000-mark was good news for the rest of the crypto-market, with most of the market’s alts, many of whom had exhausted July’s momentum, registering notable gains on the charts. Altcoins like Chainlink and Zcash were among them, with both climbing rapidly to touch new levels. Alas, EOS was...Read More
Discussions involving Gold and Bitcoin in the same sentence are never far from making the headlines. Both the non-yielding assets have made significant strides in 2020 as the traditional stock market lost a bit of its credibility. With Bitcoin nearing $12,000 at the time of writing, Skew analysis suggested another ground-breaking development between the two...Read More
As the financial environment around the world changes, the world of cryptocurrencies has become even more inviting to many investors. Many players in the mainstream markets have been dipping their toes in the crypto pool to test the interest of institutional investors. Major crypto asset manager Grayscale Investments has been one such business witnessing great...Read More
