Bitcoin market witnessed large sell-off taking place within an hour on 2 August. This selling pressure caused the price of BTC to dip from $12,100 to $10,559. However, the asset immediately bounced back in the following hours and was valued at $11,148 at press time. Traders have been taking advantage of this bullish market. As...Read More
July marked the first month of the Q3 2020 and after an unenthused period in the market, Bitcoin and Ethereum made huge strides in the final 9-days of the month. According to Deribit’s Institutional Newsletter, Bitcoin and Ethereum registered a price jump of about 22% and 48%, respectively, creating a stir in the derivatives market...Read More
For Bitcoin, its current price position is not typically on unfamiliar grounds. However, the narrative was completely different for Ethereum. The largest altcoin is currently trading at a range last witnessed during mid-2018. So it is fair to say for Ethereum, there is a little more to lose. With the trend outrightly bullish over the...Read More
The cryptocurrency market broke out of the long crypto-winter that restricted the price of most major assets between their immediate resistance and support. However, for the third-largest digital asset, XRP, this sudden boost was much-awaited since February 2020. As XRP bounced between $0.2141 and $0.1701, the market had reached a low point, even as investors’...Read More
The struggle with $9,000 and even the $10,000 levels were taxing on bitcoin but the journey ahead might not be the same. The bull run of 2016-17 blew past the ATH of 2013 bull run. Hence, we can assume that $20,000 will not be a huge level of resistance. As for the important level, the...Read More
In the last 950+ days, bitcoin has encountered the $9,000 level a few hundred times. Undoubtedly, this level seems like the one that matters the most, not just for its “Vegeta memes” but also due to the technical reasons behind it. More often than not, the most popular reason given for “why bitcoin tests this...Read More
‘Bitcoin’ and ‘Ponzi schemes,’ at one point were used interchangeably. When the cryptocurrency first started making waves early in the previous decade, all everyone could talk about was the price. Only a few years after Bitcoin was more than just a ‘pet project’ in a small cypherpunk circle, it skyrocketed to $1,000, giving its early...Read More
What saw Bitcoin recover from $4,000 to $9,000 in Q2 2020 is now returning, much to the dismay of other macroeconomic assets. Two weeks ago, prior to the breakout which took Bitcoin over $12,000 for the first time over a year, the worry for the markets was a rising tide of slumping volatility. Between early...Read More
The larger coin market is awash in green as Bitcoin held above $11,000 for the second straight day, after its 8 percent hourly drop on the weekend. Top altcoins like Ethereum and XRP have seen massive surges. The highest gaining coin in the top-10, however, is Chainlink with a 10.7 percent 24-hour gain. Caught between...Read More
Being the second-largest cryptocurrency, Ethereum has been witnessing a boost in interest from traders. Over the past two weeks, ETH’s value broke out of consolidation and was on an uptrend, noting a 70% push from $233.85 to $399.69. As a major dip momentarily disrupted coin’s movement, at press time, it was being traded at $395.90...Read More
Within a day (1 August 2020), the collective industry seemed to be back on track as a majority of the top altcoins registered positive gains over the past day. XRP, Chainlink, and Tezos were some of the frontrunners with LINK leading the pack in the charts. XRP 1-hour chart XRP/USD on Trading View After reaching...Read More
As volatility returned to the cryptocurrency market, altcoins have witnessed a change in price trend. Bitcoin’s fall from $12k to $10k on 2 August, also triggered negative sentiment in the market; however, as the coin set back on an uptrend, the altcoins also followed its lead. The altcoin market reflected great trade activity over the...Read More
The relationship between Bitcoin and Ethereum has always been an intriguing one. They are, undoubtedly, two of the market’s most important crypto-assets due to their dominance in the space. Although Ethereum is quite far behind in terms of market cap, in terms of technology, may argue that the altcoin is miles ahead. Owing to the...Read More
After ascending all the way to $12,000 on 1 August, Bitcoin registered its most significant daily pullback since the 8.24 percent drop on 10 June, with BTC depreciating by 10.57 percent yesterday. While such movement did see Bitcoin’s rally stop in its tracks, over the past few hours, the crypto-asset seemed to hold on to...Read More
With the cryptocurrency’s price recovering from yesterday’s crash, Bitcoin finds itself in a pickle with an important resistance preventing its march higher on the charts. With over a billion dollars in positions liquidated, the Open Interest and the volatility have all dried up. While BTC’s price has been slowly trying to head higher, despite it...Read More
Bitcoin’s Sunday surprise was a blow-off, and if similar moves by other asset classes are to go by, it was a positive move. On 2 August, between 0400 and 0500 UTC, Bitcoin’s price dropped by 8 percent in an hour, with many expecting its breakout, which began on 23 July, to have come to an...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24-48 hours Bitcoin SV, just like the rest of the market, was in a state of conflict at the time of writing after depreciating significantly on the 2nd of August. With BSV trading at a price point as low as $196 yesterday, the...Read More
The collective digital asset market suffered a major blowout at the top after Bitcoin and Ethereum noted massive sell-offs. The development had a ripple effect on the rest of the altcoin market too, with Litecoin, Tron, and VeChain registering bearish movements. With these cryptocurrencies’ prices seemingly consolidating over the past 24-hours, another wave of price...Read More
On 2 August, Bitcoin crossed the $12,000 mark and triggered a wave of sell orders. This selling spree downed the cryptocurrency’s price by 8 percent in an hour, with BTC dropping to below $11,000 between 0400 to 0500 UTC. With Bitcoin holding 60 percent of the entire coin market, a drop in its price caused...Read More
The recent activity in the cryptocurrency market has had a profound effect on the market’s altcoins. While Cardano [ADA] and Basic Attention Token [BAT] showed a retracement in the near-future, Cosmos’s [ATOM] charts seemed promising, with a surge expected very soon. Cardano [ADA] Source: ADAUSD on TradingView Following the recent crash in Bitcoin‘s price, altcoins...Read More
Digital silver’s golden run has hit a major bump thanks to digital gold. Litecoin, the seventh-largest cryptocurrency in the market with a market capitalization of $3.8 billion saw its price shoot up over the past week, as Bitcoin surged over $10,000 and above. However, with the recent backtrack in the latter’s price, losing 7 percent...Read More
After hitting levels [$12,100] last seen a year ago, bitcoin witnessed a crash that dumped the price to $10,559. Not only did this cause liquidation of positions worth a billion-dollar but also reset market sentiment from extremely greedy to greedy. Trading just above $11,000, there seems to be a visible fear among bulls as the...Read More
Altcoins traders are fickle, most go by one indicator, and it’s not related to altcoins at all. With Bitcoin holding 65 percent market dominance, traders look to the king coin as an indication of altcoin trends, in the reverse direction albeit i.e. when Bitcoin trends down, buy alts, and vice versa. This theory was put...Read More
With the price of ETH hitting as high as $415 and crashing to $325, volatility seems to have returned to the crypto markets. This sudden move higher and then drop has caused approximately $4.1 million worth positions to be liquidated. As much as Bitcoiners might hate to admit it, this bull run seems to have...Read More
In addition to Binance going haywire, other exchanges also faced a few abnormal incidents with today’s bitcoin drop. FTX users were among those exchanges that experienced slippage and ADLs. On FTX, users were unable to put up trades or modify existing orders with some experiencing untriggered stops and unnecessary ADLs. The drop that took a...Read More
Bitcoin’s push over $10,000 and above have divided the altcoins into two categories, those that go along with the king coin, and those that do not. Among the thousands of altcoins in the market XRP, the second-largest altcoin in the market represents the former, Chainlink, one of the best performing alts in the market over...Read More
The king coin with $219 billion in market capitalization holds nearly 65 percent of the entire dominance of the cryptocurrency market, and its massive 25 percent price increase has indeed anchored an altcoin upswing, particularly in the Ethereum Classic, Tezos and Monero markets. Source: BTCUSD via CoinStats Ethereum Classic [ETC] Source: ETCUSD via Trading View...Read More
Ethereum has been one of the most popular cryptocurrencies and has managed to establish a place at the second spot with its market capitalization of $39.85 billion. Ethereum inches closer to Proof of Stake [PoS] in the Serenity upgrade and will be identified as Ethereum 2.0. However, there has been some lack of clarity among...Read More
On Binance, bitcoin quarterly futures hit a high just shy of $100,000 – $99,964. While sudden moves like these aren’t new, it had been forgotten due to the slow, sideways moving price devoid of volatility. With over a billion dollars worth of positions liquidated in a minor $1,400 move by Bitcoin, volatility is back. While...Read More
A week after Bitcoin’s $10,000 resurgence, the first inklings of a reversal, if not a dump, are visible. Between 0400 UTC to 0500 UTC on 2 August, Bitcoin’s price dropped by over $1,000 an 8 percent price drop in the hour. Only a few hours before this dump Bitcoin had broken the $12,000 ceiling. The...Read More
