The Bitcoin market witnessed tremendous selling pressure in the $8.8 to $9.3k range and has been unsuccessful in going above this range. At press time Bitcoin had a trading value of $9265 and a 24-hour trading volume of $6.7 billion. Source: CoinStats Despite pressure in the largest digital asset market, some small-cap assets have remained...Read More
In the past few days, Bitcoin saw a minor movement which had a considerable influence on the altcoin markets. Many coins behind Bitcoin on the coin-ladder have seen isolated swings, one among them is Litecoin, the silver to Bitcoin’s gold. Over the past two days, LTC has surged by over 7.3 percent, defying its short...Read More
Bitmain, the once-dominant bitcoin mining equipment manufacturer, has been struggling with the back-and-forth between Micree Zhan and Jihan Wu. In a new development, Micree Zhan has not only announced a change of bank account but also a new website. On Bitmain’s WeChat group, allegedly controlled by Micree Zhan, a new bank account for the after-sales...Read More
In the past few months as Bitcoin remained stable around the $9,000 mark, a few altcoins rose to the spotlight. While it still cannot be said that ‘altseason’ has arrived, that does not mean that we haven’t had individual altcoin rallies and individual altcoin busts. EOS: Source: EOSUSD via Trading View EOS, the 11th largest...Read More
Heralded as the meme coin, Dogecoin has seen a drastic appreciation of 26% overnight as its price rose from $0.00229 to $0.0029, all in a matter of 24 hours. Dogecoin has climbed to the 33rd largest cryptocurrency as its market cap increased from $287 million to $357 million. Source: DOGEUSDT TradingView Dogecoin was on the...Read More
For years the top-3 coins in the cryptocurrency market have not changed. Tether might’ve spoiled the three-wheel party of Bitcoin, Ethereum and XRP by intruding, but it’s less a cryptocurrency, and more a trading tool. These three coins are regarded as the elite in their own fields – currency, network, and institutions, yet in terms...Read More
At press time, Tezos ranked 12th on CMC with a market cap of $1.7 billion. Priced at $2.34, it saw a 2.60% surge in the last day and from the looks of technical indicators, more is yet to come. Tezos Four-Hour Chart XTZUSD TradingView From the above chart, it can be seen that XTZ has been...Read More
Most altcoins do not have two legs to stand on. Non-specialized altcoins rarely brush the limelight with isolated pumps and dumps, while others rely on the price movement of Bitcoin. And when the king coin volatility runs dry, investors dilute their alt-bags. Such is the case for most altcoins, but not for the largest one...Read More
Bitcoin SV, at press time, stood just below Bitcoin Cash, at the sixth position. While Bitcoin Cash, its competitor, holds the position at 5th, BSV’s market cap is half of BCH at $2.85 billion. The coin has seen a 0.55% drop in the last 24 hours and by the looks of it, more is yet...Read More
During a quarter that began with Bitcoin recovering from its biggest single-day drop in seven years, punctuated with the halving and ended with a two-month stable run, one would think that altcoins would have a leg up. Well, that wasn’t the case. At least not for all the altcoins, but the biggest one of the...Read More
When the March 2020 dump slashed over 50 percent from Bitcoin’s trading price and $60 billion dumped from its market capitalization, onlookers and market participants feared the worst, especially with the halving less than two months away. A massive price freefall in the midst of economic uncertainty and a decrease in the supply of a...Read More
Plus Token, Bitconnect, OneCoin, had one thing in common – an investment deal that sounded too good to be true and when something’s is too good to be true, it usually is. With One Coin Ponzi, Ruja Ignatova was the leader who managed to ‘enchant’ thousands, if not millions, of her followers into investing in...Read More
Among Bitcoin Cash, Dogecoin, and Dash, Dogecoin seems to be the most bullish coin. Bitcoin Cash BCHUSD TradingView The fork of Bitcoin and a competitor of Bitcoin SV, has seen a good surge of 4.74% in the last 12 hours, with the price trading at $228.37. The coin has a total market cap of $4.1...Read More
The business model of major organizations across the globe has evolved over the past decade. Companies are no longer bothered by one-dimensional challenges as improvement in communications is bringing different sectors together; accepting a different way of business through collaboration. One of the most valuable resources in modern-day digital industries is data, and data sharing...Read More
With the start of a new quarter, slowly but surely some altcoins are moving out of Bitcoin‘s shadow. As the $9,000 mark does not look to budge for the king coin, some alts, led by the top two Ethereum and XRP are seeing wayward movement, but all of them are looking up. Source: BTCUSD via...Read More
Bitcoin’s funding rate has largely been negative for more than 3 months while the price barely moved. This shows that not only is the volatility low but buyers are being evened-out by sellers. Bitcoin Funding Rate Source: Skew Funding Rate is used to measure the sentiment of an asset; to determine the dominating side –...Read More
Bitcoin’s price has been under $9.5k since 25 June. Despite the sideways movement, a rise in selling pressure pushed the price of the coin between $9.2k and $9k, however, the dull movement of price cost the BTC network to lose many miners due to heavy operational costs. According to data, the BTC miner’s revenue slipped...Read More
Yes, crypto-tribalism is a big problem; Not Nazi Germany big! Tribalism is rife in the crypto-community. Ten years ago, there was Bitcoin. Today, there is Bitcoin and everything else, the latter popularly known as altcoins. The foremost among these altcoins is Ethereum. However, for long, Ethereum has been the target of ridicule and criticism, with...Read More
For an altcoin market largely tethered to Bitcoin, the stability of the latter is not proving helpful. Since early May, even before the 2020 halving, the king coin’s price has been stuck around the $9,000 range, and owing to the same, altcoins have been trading flat. But that does not mean short terms spurts have...Read More
With Bitcoin still trading just above $9,000 at press time, altcoins have not felt any ripple effects. For the larger part, the altcoin market moves in cohesion with the king coin, which still has a 64 percent dominance on the collective cryptocurrency market capitalization. Cardano, unlike the rest of the altcoin market, has been surging...Read More
Bitcoin has had a slew of crimes related to it in the past few years, that’s the price you pay for using a censorship-resistant universal cryptocurrency. But looking at the facets of what makes a criminal gravitate towards a particular form of payment, one can say that among cryptocurrencies, Bitcoin does not have all the...Read More
Cardano, now the eighth-largest cryptocurrency in the market, has been one of 2020’s best-performing cryptocurrencies, with its price-performance putting the likes of Bitcoin in the shade. In fact, since hitting its price bottom for the year in March, ADA has surged exponentially, outperforming Bitcoin by 200% and the rest of the altcoin market by 250%....Read More
Sextortion is a fairly new word. Much like ‘selfies’ and ‘memes’ sextortion is an addition to the English language because of the growth of technology. But unlike a self-portrait of a ‘duckface’ or an ill-pronounced word depicting pictorial humor, sextortion is far more nefarious, and not in the least bit funny. Sexual extortion involves withholding...Read More
Bitcoin underwent a bearish pattern that pushed its price from $9,216 below $9,000 for a brief moment. As the coin moves sideways on support at $9,016, the tussle between the bears and bulls continues. At press time, the market cap of bitcoin exceeded $165 billion and has a $12.5 billion 24-hour trading volume. Bitcoin One-Hour...Read More
Bitcoin’s efforts to breach its immediate resistance on the charts and head towards $10,000 continue to be in vain, with BTC falling on the charts again over the past 24-hours. While the world’s largest cryptocurrency didn’t fall by a huge or a very significant margin, its effects were felt by the market and its altcoins,...Read More
The meme coin is the only coin with a bullish outlook in the near term while Chainlink and XRP are both hinting at a downtrend. Even if Dogecoin doesn’t see price appreciation, it will witness a sideways movement; Link and XRP have a clear negative bias. Chainlink Chainlink ranks 13 with a market cap of...Read More
Over the past few years, Bitcoin has fought to be considered a safe-haven asset. While precious monetary metals like gold still dominate this category and are able to retain their value with low correlation to the financial markets, many are now turning to Bitcoin to fulfill the role that gold was accustomed to dominating. However,...Read More
Disclaimer: The following analysis attempts to foresee Litecoin’s price movement in the long term, despite its presently stagnated price The cryptocurrency market hasn’t been noting an upward trend lately, with most major cryptos choosing instead to consolidate over the past couple of weeks. However, such price movements haven’t necessarily painted a bearish picture for many...Read More
If you’ve been in the cryptocurrency space for a while, you’ll know that the second most important coin in the market is Tether. While the categorization of the stablecoin under the tag “cryptocurrency,” much less “decentralized currency,” can be debated, its significance in the market cannot be understated. As things stand, Tether [USDT], is the...Read More
Disclaimer: The findings of the following analysis attempt to foresee XRP’s price movements over the next 24 hours XRP’s price action hasn’t been very promising over the past few months. Over a month ago, XRP lost out to Tether in terms of market capitalization, dropping to fourth place on CoinMarketCap’s list. Since the 12 March...Read More
