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
The past six months are likely to leave a lasting impact on almost all economies in the world for a few years to come. The COVID-19 pandemic and the resulting uncertainty that surrounds most markets r The post Why it makes sense for every investor to buy Bitcoin now appeared first on AMBCrypto. The post...Read More
Cardano has been one of the few altcoins which have successfully recuperated from the gains wiped off by the Black Thursday crash. The tenth-largest cryptocurrency by market cap has been trading close The post Cardano long-term Price Analysis: 21st June appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
As Bitcoin continues to trudge between the $9,500 and $10,000 range, altcoins prospects may be bolstered. The king coin’s stability off-late may have irked investors but for the top-ranking coins in t The post Bitcoin’s highest correlation is with XRP, while BTC-ETH comes in fourth appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
The Bitcoin price took a hit as the new week commenced on 15 June. The largest digital asset, that was valued at $9,359.57 started losing its hold in the $9k range and slipped to a three-week low to $ The post Bitcoin’s falling price momentary, as options hold strong appeared first on AMBCrypto. The post...Read More
Bitcoin was down by 3 percent YTD. The cryptocurrency has so far failed to recuperate from the yearly highs as it continued trading below $9,500. The effects of the recent fall were not only limited t The post Bitcoin futures market notes the lowest trade volume in 2020 appeared first on AMBCrypto. The post appeared...Read More
Although bullish on a longer time frame, bitcoin has shown bearishness on the lower time frame on multiple occasions. As it has been hovering in the $9,000 range for more than a month, the price looks The post Bitcoin short-term price analysis: June 14 appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
Bitcoin halving resulted in a 33% drop in hashrate. Government of China’s Sichuan province’s latest directive asked miners to swiftly halt all mining activities. This could result in another 10% drop The post Siberia could be a gold mine for Bitcoin miners appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
Ethereum and Cardano are two of the ecosystem’s most prominent blockchains, with both blockchains slated to undergo a transition in their underlying consensus mechanisms. For Cardano, it has been q The post Cardano, Ethereum top chart for dev activity appeared first on AMBCrypto. The post appeared first on AMBCryptoRead More
