With Bitcoin emerging as one of the best-performing asset classes over the past 365 days, many financial institutions and investors have changed their tune on crypto, with some making sizeable allocations to Bitcoin and other crypto-assets. Despite a radical change in mainstream attitudes towards Bitcoin, there are still some traditional financial institutions that have a...Read More
Binance Coin appeared to be forming a bullish pattern that wasn’t yet confirmed, but it could see a breakout in the coming days towards the $45-mark. STEEM bounced off a level of support as it rose towards a level of resistance once more. Finally, Compound was making steady gains as it breached $200 and looked...Read More
While most had high expectations from the crypto-market for the year 2021, it’s safe to say that the market has well and truly exceeded these expectations. Not only did the world’s largest cryptocurrency, Bitcoin, breach the $40,000-mark, but the industry’s cumulative market cap also went past $1 trillion. Source: CoinMarketCap The market and its largest...Read More
EOS‘s market noted some bearish presence, with the same likely to push the crypto’s price slightly south towards $2.6. Basic Attention Token appeared to break out of a range backed by significant trading volume, while Dogecoin was in a phase of consolidation and traded sideways on the charts with no strong momentum. EOS Source: EOS/USDT...Read More
Monero slipped from $173 to test the $149-level of support over the past few days and was trading at an important level as the market’s bulls and bears tussled for control of the market. IOTA formed a bullish pattern on the charts and could see a bullish breakout targeting $0.55. Finally, DigiByte noted some early...Read More
Canadian investment fund manager 3iQ is in the news today after it announced that its Ether-based fund, The Ether Fund (TSX: QETH.UN), is now quoted in Canadian dollars on the Toronto Stock Exchange (TSX). The development in question comes on the back of The Ether Fund receiving overwhelming demand from investors after the fund’s successful...Read More
Tether’s market cap hit $25 billion today, with Bitcoin trading below $40,000 on the price charts. In fact, the stablecoin has been one of the most traded assets in all of crypto, with its trading volume surpassing even that of Bitcoin. Source: CoinMetrics Tether’s growth was stupendous in 2020, with the stablecoin enjoying a 72%...Read More
Chainlink was one of the market’s star performers as 2020 came to a close. In fact, it would seem that its bullish momentum on the price charts has continued into 2021 as well, with LINK rising on the charts by over 18 percent in the last 7 days alone. With a trading price of over...Read More
Ethereum’s price was on the verge of registering a new ATH, before a massive correction hit once again. Since then, ETH has been on a recovery run. By and large, however, the past few days have seen mostly sideways movement from the likes of ETH, Maker, and even Dogecoin. Ethereum [ETH] Source: ETH/USD, TradingView Ethereum...Read More
Yearn Finance made waves in the crypto-community after it introduced a new proposal to mint 1000 YFI tokens that will be later distributed among its core developers. The rationale behind the same is to reward developers who have contributed to Yearn Finance’s development and growth selflessly. Proposal: yfi_lit suggests printing 1000 YFI for operations fund...Read More
Litecoin appeared to be consolidating around $150 as it gathered steam to begin another northbound move to test the $180-level of resistance. OMG Network saw a similar scenario on the charts as it surged past $3.1 over the past few days, with the crypto heading towards $4.1. SushiSwap too was bullish on the charts and...Read More
Bitcoin’s rally to its latest ATH in the first week of January may have made the headlines, but what’s in it for your portfolio? Let’s go further – The burning question is, what is the role of HODLers in this bull run and how do they influence the returns on your portfolio? Do they influence...Read More
For many of the crypto-market’s altcoins, the past few days have been all about recovering their prices after Bitcoin’s drop on the charts. While some altcoins like Aave managed to register significant hikes over the past 24-48 hours, other cryptos like EOS and Vechain have had to battle spells of sideways movement. EOS Source: EOS/USD,...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The past 60 hours have been bullish for Bitcoin. The $34k-$34.5k region served as support and saw BTC climb back to touch $40k. However, it was unable to stay there as selling pressure forced...Read More
Bitcoin Cash sought to defend the $495-level of support and appeared likely to see a move to $540 over the next few trading sessions. Loopring saw rejection at a level of resistance and could be headed back to the mid-point of its range, while YFI saw rising demand even as the price dipped to suggest...Read More
Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Cardano‘s ecosystem has been witnessing strong developments of late, with each aimed at making it more self-reliant. With the cryptocurrency ADA rising on the charts, one can argue that the crypto is highlighting its...Read More
Bitcoin has been in the news a lot lately, mostly due to its exponential price performance over the past few weeks. However, at the time of writing, BTC was trading at a level that was nearly 8% lower than its ATH of $41,941, based on data from CoinMarketCap. While BTC has repeatedly attempted to breach...Read More
Bitcoin made a comeback on the charts over the past 24-hours, with the cryptocurrency trading close to its $38k-level of resistance. This, in turn, positively affected many of the market’s altcoins like Polkadot and Uniswap, with both alts registering hikes of up to 21 percent while DASH endured yet another price correction. Polkadot [DOT] Source:...Read More
Neutrino protocol is the latest project to announce an integration with the Chainlink network, an update that comes on the back of a long line of developments in the latter’s ecosystem. This integration will help Neutrino transfer its stablecoin Neutrino Dollar [USDN], along with other tokens, between the two blockchains. Chainlink’s Proof of Reserve oracle...Read More
Tron faced resistance from a horizontal level, as well as from a Gann fan line, and was likely to see a rejection at the level of resistance. Ethereum Classic dipped towards $7.5, but can defend it and register a northbound move while IOST was poised to surge past a level of resistance following strong bullish...Read More
“We want to be one of the most crypto-forward and technological cities in the country,” Miami’s Mayor Francis Suarez told Fox Business in a recent interview, with the government official the latest to jump onto the cryptocurrency market’s bandwagon. However, that wasn’t all as Suarez also went on to explain how the city is looking...Read More
Ripple is in the news today after it announced a partnership with Mobile Money, a Malaysian mobile wallet company, to facilitate wallet-to-wallet payments between Malaysia and Bangladesh and serve the remittance corridor between the two countries. Through RippleNet, Mobile Money has connected to bKash, Bangladesh’s largest provider of mobile financial services (MFS), a company that...Read More
In what is a fairly troubling development, reports have revealed that days before an angry alt-right mob stormed Capitol Hill, many of its activists received payments in Bitcoins. On 8 December, 22 different virtual wallets received a simultaneous transfer of 28.15 Bitcoins, which was worth $500,000 at the time. According to the aforementioned reports, most...Read More
United States Office of the Comptroller of the Currency (OCC) announced on 14 January that the federal agency’s Acting Controller Brian Brooks will step down, and that Blake Paulson will become the new Acting Comptroller of the Currency. The incoming official has been with the agency since 1986 as a bank examiner, who later became...Read More
The price of Litecoin [LTC] was hit hard as the cryptocurrency market fell. The price plunged 27% within three hours from $170 to $124 but managed to recover in the past couple of days. At the time of writing, the coin was trading at $154 and was building higher. This was a trend seen across...Read More
Bitcoin Cash reclaimed an important region of demand following its drop to $400 and was on its way to recovery toward $600. EOS formed a bullish pattern, a breakout from which it would target the $3 level of resistance. Algorand indicated neutral short-term momentum and only a climb above $0.45 would point toward the likelihood...Read More
Not long after the President of European Central Bank called Bitcoin a “highly speculative asset” and that it was used to conduct money laundering, Mike Novogratz took to Twitter to criticize the official’s statement about Bitcoin. The Galaxy Digital founder pointed out that over the years, several major banks in Europe had been fined...Read More
Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice Alongside the rest of the market, Litecoin was rocked hard by the “crash” of Bitcoin from $40k to $30k. This was more of a healthy market correction than a crash, and the large-cap cryptocurrencies...Read More
Winklevoss twins Cameron and Tyler are thinking about taking their crypto exchange Gemini public. However, the cofounders of the New York-based regulated exchange clarified that they have not finalized the decision of having an initial public offering, yet. President of Gemini, Cameron Winklevoss said in a recent interview that the company would remain open to...Read More
The dropping Bitcoin reserves led to the rally of 2021, breaking the previous ATH and hitting a new high above $41000 level. Bitcoin reserves started dropping in October 2020 and continued well into 2021. When the price crossed $30000, reserves increased to an extent before dropping again. Currently, as the price is above $38000, BTC...Read More
