Bitcoin as a financial asset has drastically grown in popularity in the past few years. As adoption continues to grow and fiat on-ramps and off-ramps become easily accessible, Bitcoin’s user base has grown and diversified significantly. The past few years saw greater institutional interest. While the Hodl culture within the community continues to be dominant,...Read More
For many cryptocurrency users, privacy continues to remain a high priority. Popular cryptocurrencies like Bitcoin enable users to not just benefit from a more secure form of ‘money’ that is immutable but also adds the added benefit of being censorship resistance. However, the past few years have seen privacy-centric cryptos such as Monero and Zcash...Read More
At the time of writing, Cardano recorded YTD gains of 134.84%. While many smart-contract coins have witnessed notable upticks, it was ADA that posted an impressive rally, outperforming its contemporaries over the past couple of weeks. As the release of Cardano Shelley code on 30th of June remains on schedule, the price of the native...Read More
It’s safe to say 2020 has not gone the way most people thought it would. Bitcoin was lauded to surpass every expectation following it halving in May. With the path towards its halving littered in quantitative easing and fiscal stimulus, the cryptocurrency’s prospects were further bolstered, but now it looks bleak. After trading in sideways...Read More
Following the latest market dip, Litecoin’s value lost momentum and fell close to its previous support level. At the time of writing, LTC was being traded at $41.14. The seventh-largest cryptocurrency had noted a minor uptick over the past couple of weeks which coincided with rising on-chain metrics. However, the abrupt fall further dragged the...Read More
Nowadays every Bitcoin price drop is a reminder of ‘Black Thursday.’ On March 12, the price of the largest cryptocurrency in the market dropped by over 50 percent to a 12-month low and marked the biggest single-day drop over seven years. Despite the severity and the swiftness of the drop, it was not remembered as...Read More
Bitcoin dipped down to $8,830 yesterday, however, it closed only 1.63% below from where it opened. While this is a relatively small move, the price seems to have conformed to a downtrend due to consecutive lower lows and highs. To understand what’s happening on the lower time frame and why Bitcoin is heading down, it...Read More
With Bitcoin edging below $9,000, you can be sure of an effect on altcoins. Ethereum, the largest altcoin is leading the charge and is moving down deviating out of its long-held patters, and following suit are Tezos and Chainlink. Ethereum Source: ETHUSD via Trading View Since reaching a high of $250, Ethereum managed to hold...Read More
For the crypto market, the price action of Bitcoin is extremely crucial. Most altcoins tend to follow Bitcoin’s price movement rather closely. In the past 24-hours, Bitcoin’s price dipped by over 2 percent taking the king coin’s price to $8974 with a 24-hour trading volume of $7.2 billion. Source: CoinStats As Bitcoin fell below the...Read More
Over the past few years, cryptocurrencies have generated a lot of interest from institutional investors. With more regulations surrounding the digital assets market, crypto has gone fairly mainstream. However as most economies work with digital assets, there has also been a push to strengthen regulations so that cryptocurrencies do not become a safe haven for...Read More
Public perception is key to radically new ideas and innovations gaining traction in mainstream society. Such is the case for the world’s largest cryptocurrency – Bitcoin. While Bitcoin has come a long way over the past decade, Bitcoin doesn’t really rely on a centralized and well-oiled branding and marketing machinery. If adoption has increased and...Read More
Ethereum and the ecosystem it hosts have been on a ride this last week, particularly the DeFi ecosystem. This was mainly due to the recent hype around yield/liquidity farming. Interestingly, all of this is happening at a time when ETH is transitioning into PoS. Regardless, ETH is still the second-largest cryptocurrency in the market, one...Read More
Bitcoin Options contracts worth over $1.7 billion expired on 26 June. Deribit BTC Options held close to $1.3 billion of the total contracts, but with Bitcoin’s volatility preceding the expiry date, users did not expect huge price swings following the expiry. Before yesterday’s expiry, the Options market did not note any bearish strength. Now, according...Read More
Disclaimer: The following analysis attempts to foresee Litecoin’s movements until the second week of July Litecoin’s fortunes in 2020 have turned out to be fairly positive. However, for the world’s seventh-largest cryptocurrency, its price action in the month of June wasn’t as promising, to say the least, with the price noting a slight dip and...Read More
Bitcoin, like stocks, goes through cycles in its market; a bull run followed by a bear run, together, constitute a cycle. So far, Bitcoin has undergone 3 cycles, ie., 3 bull runs and 3 bear runs. However, while the 4th bull run seems to be on the verge of taking flight, there seems to be...Read More
Disclaimer: The conclusions of the following analysis should materialize over the next 24-48 hours June continues to get worse and worse for the market’s fourth-largest crypto-asset, with XRP continuing to slide down the charts, despite strong support at certain price points. On 24 June, XRP registered another significant drop as the asset dropped below its...Read More
As of 27 June, the total value supplied on the Compound protocol has hit a whopping $1 billion, signifying the sure start of a new trend – yield farming. What Compound did was fully embrace decentralization with the launch of their COMP tokens, which are governance tokens. These tokens can be used to vote on...Read More
Ethereum facing the heat? It would seem that the group behind the PlusToken, one of the industry’s biggest scams, is becoming more active by the day. Just a few days after PlusToken moved over $65M in EOS between wallets, an ETH transfer worth $186M was initiated. While the said transaction was, briefly, stuck in a...Read More
The cryptocurrency market saw a lot of its momentum evaporating after many of its coins underwent corrections on the charts after a brief upside. At the time of writing, the collective market cap had fallen to $262.45 billion, while Bitcoin’s dominance stood at 64.5%. As Bitcoin’s price slid to $9,189 at the time of writing,...Read More
Disclaimer: This article attempts to foresee Bitcoin Cash’s [BCH] price movements over the next 24-hours. Spawned out of a Bitcoin hard fork due to bitter ideological differences between both camps, Bitcoin Cash [BCH] has been lying low after a massive fall on the 24th of June. While the coin remained fairly stable throughout the year...Read More
The past few days have seen Bitcoin’s price drop to close to $9000, and as expected, many of the market’s altcoins were quick to mirror the price action of the world’s largest cryptocurrency. In fact, since the early hours of 23 June, the prices of Bitcoin and popular altcoins such as Monero and Dogecoin have...Read More
On 26 June, Bitcoin‘s quarterly Futures contract reached its expiry after Bitcoin Futures’ Open Interest touched a 3-month high of $98 million on Deribit. The derivatives gains can be widely classified by Options demand over the past quarter, but according to Arcane Research’s latest weekly update, subdued price levels over the last few weeks have...Read More
In years prior, 2020 was pegged to be remembered for one event and one event only – the halving, but now, with half the year gone, the event that dominates the memory of the cryptocurrency community is ‘Black Thursday.’ On 12 March, Bitcoin lost over 50 percent of its value in one day, falling from...Read More
Bitcoin SV registered a drop under $170 over the past 24 hours dropping down to $167 at the time of writing this article. The market appeared collectively bearish but after analysis, the relative change for Bitcoin SV appeared minimal as the asset seemed to maintain sideways movement over a long period of time. At press...Read More
In this week’s Bitcoin CME COT report, there is an interesting development from professional traders who have successfully pulled a 180 on their positions. This development comes at a time when there has been a tussle between the leveraged funds and the retail players [aka non-reportables]. As seen in the previous reports, the leveraged funds...Read More
At the time of writing, Bitcoin was once again stuck right above the $9,000-mark, with the world’s largest cryptocurrency still recuperating after its latest failed attempt to breach the psychological resistance of $10,000. Bitcoin’s price movement, as usual, had a profound effect on the movement of the market’s fellow alts, with Bitcoin Cash and Tron...Read More
With every passing day, the angst in the cryptocurrency community grows. Bitcoin’s lack of price movement, trading between the $9,000 to $9,500 range for almost two months is now being seen less as a feature of the cryptocurrency on its own, and more of its tie to the larger financial markets. Bitcoin, for the better...Read More
Ethereum 2.0 is one of the biggest milestones of the Ethereum blockchain. As the ecosystem gears up for the re-engineering the entire ETH blockchain, a new trend was observed within the miners on the The post Anticipating Ethereum 2.0 miner balances surge appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
2020 has turned out to be quite a turbulent year. Globally markets are in a slump as a result of the pandemic and the lockdown measures imposed in most parts of the world. While governments try to rev The post For Bitcoin and crypto deep liquidity to drive institutional interest appeared first on AMBCrypto. The...Read More
Ethereum proponents are experiencing something similar to the days of the ICO bubble as Compound’s COMP token makes headlines. Additionally, the launch of ETH 2.0 has also increased interest in the la The post Ethereum short-term price analysis: 22 June appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
