While 2020 has been an eventful year for the crypto-market, it holds special significance for the world’s second-largest cryptocurrency – Ethereum. The year marks not only Ethereum’s 5-year anniversary but also one of the biggest changes in its ecosystem – the transition to Proof-of-Stake consensus protocol slated for this year, despite the delays. During a...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24-hours Bitcoin has been brimming with bullish momentum lately, but the world’s largest digital asset could be reaching the end of its rope. Between 21 July 7:00 UTC and 27 July 22:00 UTC, Bitcoin’s price literally spiked within the parabolic curve illustrated below...Read More
Among XRP, IOTA, and Digibyte, IOTA seemed to be the only cryptocurrency showing the short-term promise of a surge. With Bitcoin climbing above $11,000, the market seemed to have returned to normal. However, that also meant that altcoin dominance was being overshadowed by BTC’s. XRP Source: XRPUSD TradingView The price of XRP, at press time,...Read More
No day in the cryptocurrency industry passes without news of any major developments. Whether such developments are price-related, regulatory, or simply listing announcements, such developments underline how active this market is on a day-to-day basis. The launch of new tokens and cryptos almost every other day, followed by their listing on a host of exchange...Read More
Bitcoin’s price over the past few days has seen some renewed bullish momentum, enabling the king coin to push past its resistance at around the $10k mark. In the case of altcoins such as Bitcoin SV and Ethereum Classic, their values have fallen over the last few days. However, such a dip in value was...Read More
With Bitcoin’s dominance growing steadily off-late, the altseason seems to have come to a halt. The same can be seen in Tezos’s falling price, an altcoin that has been one of the market’s best-performing cryptos this year. Since 24 July, the price of XTZ has fallen by 17%, with more corrections perhaps on their way....Read More
Bitcoin’s latest attempt to breach its immediate resistances on the charts seems to be successful, with BTC holding above $10,000, at the time of writing. However, while owing to high correlation stats many of the market’s altcoins did follow suit and surge themselves, these alts were soon noting corrections. The examples of Cardano, Tron, and...Read More
The fifth-largest crypto in the market, Bitcoin Cash seems to have suffered the same fate as many altcoins – a drop in price. This drop in price follows the altcoins’ correlation with Bitcoin, the world’s largest cryptocurrency. With BTC’s price surging higher, it would be logical for people to flock towards BTC and away from altcoins...Read More
The Bitcoin market has finally broken out of its consolidation phase and surged past its important resistance at $10k. As the world’s largest crypto hovers just over $11k, it was also moving close to the precious monetary metal – gold. Gold’s qualities have often been compared to that of Bitcoin, and the digital asset has...Read More
The low volatility streak of cryptocurrencies has finally concluded and the bulls have rushed back into the market. Bitcoin, the largest crypto witnessed a surge in its price on 27 July, and the altcoins also felt its impact. The BTC price had witnessed a surge of 18% within a day, which pushed the digital asset’s...Read More
There has quite a lot of price movement in the altcoin market in the past week. While Bitcoin has managed to go past $11K in the past few days, the price action of altcoins such as Chainlink, Cosmos, and Zcash in the past week do not present a unified narrative. Chainlink [LINK] Source: LINK/USD, TradingView...Read More
During the past few days, the crypto market has seen strong bullish momentum. Bitcoin saw its price go past strong resistances and currently has a trading price of $11,064 and a 24-hour trading volume of $9 billion. Source: CoinStats For the market’s altcoins, the past 24-hours have been fairly bullish with coins like Litecoin surging...Read More
It has been a year of trends for Bitcoin and one of the most well-documented ones is the trend of more Bitcoin leaving exchanges than entering it. Since the start of the year, more specifically since March, over 92,000 BTC has moved out of exchanges. A recent report had suggested that some amount of Bitcoin...Read More
The consolidating market finally ended on late 26 July, when Bitcoin prices started to rally. Due to strong correlations between Bitcoin and other major cryptos like Ethereum, the alts also marched along. Ethereum, the second-largest coin reported an 11% growth within a day, that pushed it to a 2020 price peak of $334. However, Ethereum’s...Read More
For many of the market’s altcoins, a rally was in the works even before Bitcoin’s price hike that enabled it to go past $11k took place. However, in the past day’s time, strong bullish momentum in the altcoin market has seen a dip. For the second-largest altcoin Ethereum, the past 24-hours’ price action hasn’t been...Read More
Disclaimer: The following article attempts to analyze the evolving trends in the Bitcoin Cash market and its impact on the price. Bitcoin Cash’s spot market has been moving with great vigor as the asset tried to rise higher. Over the past few days, the consolidating price of Bitcoin Cash [BCH] began marching upwards, which resulted...Read More
Bitcoin has finally been able to go past the daunting $10,000 mark after months of speculation and anticipation. In the past 24-hours, many of the altcoins have seen their coin’s price appreciate. Bitcoin SV, Dash, and Ethereum Classic have all registered up to 13 percent in the past day’s time. Bitcoin SV [BSV] Source: BSV/USD,...Read More
The Ethereum market has been noticing a spike in its value given the surge in the Bitcoin market. This spike was of 11%, however, according to the daily chart of Ethereum, it has been marching upwards for the past 6 days and has managed to appreciate its value by 58%. The value of ETH has...Read More
The Bitcoin market witnessed a boost in its price on 27 July. The price of the largest crypto jumped 13% in a day, as the price escalated from $9,933 t0 $11,263. The major alts in the market also followed the coin in its upwards journey, especially its hard fork, Bitcoin Cash. Bitcoin Cash [BCH] Source:...Read More
It was “fourth-times the charm” for Bitcoin as the largest digital asset successfully breached past its $10,000 resistance; a range that had alluded BTC since the start of May. To be honest, the bullish break was long-time coming for Bitcoin since the asset had strong on-chain fundamentals for the past few weeks despite price stagnancy....Read More
Disclaimer: The following article attempts to analyze the evolving pattern in the XRP short-term market and its impact on the price. The price of the largest cryptocurrency Bitcoin [BTC] escalated on 28 July causing the major alts to witness a brief period of volatility in the market. The fourth-largest cryptocurrency, XRP which had been under...Read More
With Bitcoin breaking $10,000 there is excitement and anxiety. At this important point in cryptocurrency’s market, perhaps the most important point of 2020, two questions arise – where does this push take the price and what is this pump a consequence of? While the first question is left best out of the hands of optimistic...Read More
The largest cryptocurrency, Bitcoin finally witnessed great volatility sneaking into the market, after months of remaining dormant. This upwards volatility helped the coin’s price to rise by 18% in a day, which eventually pushed the price above $10k. The peak registered during the rally was $11,417, whereas the price has reduced to $10,735, at press...Read More
The digital asset industry has collectively surged by 18.34 percent over the past couple of days. The total market cap had increased from $283 billion to $335 billion, however at the time of writing it was down to $316 billion. At press time Bitcoin was being traded at $10830 with a 24-hour trading volume of...Read More
Litecoin, the 8th most valuable cryptocurrency in the market is having an unexpected bullish swing. Even with Bitcoin noting a market rise, few predicted digital silver to be leading the top-10 in price action, but at press time, LTC’s 9 percent 24-hour increase is the highest among the top cryptocurrencies in the market. Amassing a...Read More
Cryptocurrency proponents in the digital asset space are always expecting a bullish rally. However, it is safe to say that nobody expected Ethereum to perform as it did. Well, maybe some of Ethereum‘s proponents did, but ETH surely outperformed their price goals as well. Source: ETH/USD on TradingView Ethereum was only $10 short of reaching...Read More
With Bitcoin breaking $10,000 for the third time this year and going on its maiden big-money move since the halving, prospects are high. Like all moves from four to five figures, this one was initially met with startling enthusiasm. However, given the market we’re in now, how long can the market sustain above $10,000? The...Read More
According to Ethereum foundation’s official blog, Ethereum 2.0 validator launchpad testnet version officially went live on 27th July 2020. The development and research with regard to Ethereum 2.0 network have been ongoing for many months now and alongside Consensys and DeepWork Studio, the eth2 research team revealed that validators would be able to keep track...Read More
Bitcoin’s rally on 26 July marked the fourth time since May that the crypto-asset had re-tested its resistance at $10,000. On the previous three occasions, after reaching $10,000, an immediate correction had ensued. In fact, over the past few months, BTC’s struggles with the $10,000 level have been well-documented. Source: Trading View As observed in...Read More
Disclaimer: The findings of the following analysis should materialize within the next 24-48 hours With Bitcoin and Ethereum leading the price rally over the past few years, it was fairly obvious that major altcoins in the top 10 would take some part in the rally as well. The narrative was the same for Bitcoin SV,...Read More
