It would seem that Bitcoin is intent on spreading the Christmas cheer for as many days as possible. Bitcoin, the world’s largest cryptocurrency, is on a roll. Days after it breached the much-anticipated $25,000-mark and hours after BTC surged past $26,000 on the price charts, the cryptocurrency has now shot past $27,000 on the back...Read More
Bitcoin’s recent performances have been challenging the rest of the market to up its game. However, this has not been possible so far. For instance, while the market’s second-largest altcoin, Ethereum, has been registering some growth, it hasn’t risen on the price charts as much as Bitcoin. What has this led to? Well, this has...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Binance Coin’s market has not been as volatile as the rest of the altcoin and Bitcoin market. In fact, it was only recently that BNB’s value breached its immediate resistance at $31.92 following...Read More
The plummeting ETH/BTC pair was proof that Ethereum was unable to keep up with Bitcoin’s price rise on the charts. The altcoin market, as a whole, recovered somewhat after the dramatic drop before Christmas, but it began to shed value once more soon after. Bitcoin SV registered a hidden bearish divergence and could be driven...Read More
Bitcoin’s correlation with the broader market is usually symbiotic. When the world’s largest cryptocurrency rises, altcoins follow suit and they usually move upwards. As expected, the likes of Bitcoin Cash and Augur took Bitcoin’s lead and registered price hikes. However, there have been instances when altcoins have moved in the opposite direction. VeChain was one...Read More
Some of the market’s large-cap altcoins had a bearish outlook to them. Stellar Lumens moved under the $0.156-level once more and could lose the $0.145-level of support as well. Compound indicated that it was likely to continue the bearish trend of the past few days, while Polkadot faced resistance from the $5.4-region of supply. Stellar...Read More
Bitcoin hit a new all-time high near $25k a few hours ago, following which, many of the market’s altcoins appreciated in value. While this definitely gave new momentum to the market, this hasn’t been the case for every altcoin. Chainlink has for long been untethered to Bitcoin’s performance and this was reflected in its unmoved...Read More
With Bitcoin’s price rising steadily on the charts, altcoins like Litecoin and Dogecoin have followed suit. However, the said movement wasn’t universal, with STEEM bucking this trend and moving lower on the charts. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin’s 4-hour chart highlighted the cryptocurrency’s price surge in the month of December, a surge that saw...Read More
Bitcoin’s latest price rally has pushed the cryptocurrency’s value higher on the price charts, with BTC briefly climbing to $25,000 as well. However, while for a time the said rally was driven primarily by institutions, with Christmas over and the rest of the festive season coming up, one might expect institutions to leave the reins...Read More
Bitcoin’s rising market dominance meant that Bitcoin was still outperforming most altcoins, with the same climbing to 69.75%, at press time. EOS settled into a phase of consolidation above the $2.6-support level after the rejection at $2.72. Finally, Basic Attention Token‘s charts suggested that it was on a downtrend, while NEM consolidated under a level...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice The cryptocurrency market is once again rising to the tune of Bitcoin’s movement. As the world’s largest cryptocurrency climbed to $25k, albeit briefly, the rest of the market rallied too. Although not at...Read More
It’s been a good few weeks for IOTA and its community. Not only did the development team release the Chrysalis Phase 2 testnet to the public in mid-December, but it also released an alpha version of Stronghold, an open-source software library for IOTA Seeds. However, December hasn’t been entirely free of controversy for IOTA, with...Read More
While Ethereum did move to the upside of the $615-zone, there was no breakout yet for ETH as $637 posed dogged resistance. On the contrary, IOTA traded within a range that extended from $0.288 to $0.32, while Dash showed it could be poised for a minor dip in the coming hours. Ethereum [ETH] Source: ETH/USD...Read More
Chainlink fell down to $8.72 on the charts, but it bounced back and it could reclaim the $11.9-level as support. Decred was poised for a breakout towards $40, while Waves saw a lot of selling over the past couple of weeks and it found stiff resistance around the $7.3-region. Chainlink [LINK] Source: LINK/USD on TradingView...Read More
After days of consolidating its position above the $20,000-mark, Bitcoin, the world’s largest cryptocurrency, finally breached the price level of $25,000 for the first time in its history today on exchanges like Coinbase and Bitstamp. While BTC did fall below the level soon after, many expect BTC to climb back up again soon. Source: Coinstats...Read More
23 December 2020, will be a day XRP holders would want to forget. The 52.92% drop during a 24-hour window indicated a catastrophic impact following news breaking regarding SEC’s decision to file a lawsuit against Ripple. Market corrections took charge the next day, and the coin managed to register a position above $0.33. While the...Read More
After Bitcoin noted a gain in price, altcoins Ethereum, Ethereum Classic and Cardano followed suit and rose along with the broader market. Ethereum [ETH] Source: ETH/USD, TradingView ETH’s 4-hr chart showed that prices have been consolidating between $575.50 and $637.46 for the past 4 days. At press time, the world’s second-largest cryptocurrency was rising along...Read More
After recovering from the aftermath of the $1 billion shorts liquidation in Bitcoin, traders have now been hit with increased activity on the Bitcoin network. The supply shortage narrative may still be at play; however, there is more stability than one would expect above $23,000. It may come as a shock to many, but network...Read More
Calling Litecoin a surprise performer in the present bull run is odd. The asset has been a major altcoin for years but over the course of 2020, other assets had overshadowed LTC. During several rallies, LTC remained quiet, and the likes of Chainlink, Binance Coin, and even Polkadot overtook on several occasions. The recent bullish...Read More
Although BAT, XTZ, and EOS had been under strain during the month of December, prices picked up pace over the past few trading sessions which painted a picture of optimism for the altcoins. Basic Attention Token [BAT] Source: BAT/USD, TradingView While BAT’s price tried to gain momentum since mid-December after a difficult start to the...Read More
While Bitcoin, the world’s largest cryptocurrency, was happy to consolidate its position on the price charts, most of the altcoin market was witness to a bloodbath, with a host of cryptocurrencies depreciating significantly. XRP, understandably, was one of the worst-hit, with Dogecoin and Bitcoin SV following suit. XRP Source: XRP/USD on TradingView XRP, one of...Read More
An actual Bitcoin ETF does not exist in the current financial industry (YET). Over the years, many organizations such as Bitwise have thrown in their hats to launch a BTC ETF but time and time again, SEC has shot it down. Yet, Grayscale Bitcoin Trust is as close to an ETF as it gets. With...Read More
The last few days haven’t been great for most of the crypto-market, with many of the industry’s altcoins seeing red on the charts, having failed to build on the impetus provided by Bitcoin’s price movement. While hikes were momentary, subsequent corrections have been significant in the cases of Bitcoin Cash, Tron, and Cosmos. Bitcoin Cash...Read More
“In light of the recent SEC filing against Ripple Labs Inc., which alleges that XRP is a security, we are going to halt all trading and deposits of XRP for our US customers on 8 January 2021 at 9 PM UTC.” Bitstamp updated its US customers on 25 December. US customers will be able to withdraw...Read More
Since crossing its previous ATH on 16th December, Bitcoin has done considerably well to maintain a position above $21,900 since the 17th. The king coin has not spent this much time at all-time high levels in the previous phases of bull run, and it continues to baffle the market. Over the past few days, other...Read More
The impact of Bitcoin’s bullish movement on the rest of the market wasn’t meant to last as many alts that did register brief hikes across the board when BTC climbed to a new ATH, were also quick to register corrections. In light of Bitcoin’s market dominance of 68%, one can expect these altcoins to soon...Read More
Chainlink’s performance in the 2nd half of 2020 can only be described as turbulent. While the asset recorded a new high of $20, it fell down by 60% over the next 30-days. The price began to rally yet again and a 105% hike between October and November re-opened fresh bullish prospects. Sadly, due to its...Read More
With so much confusion in the market regarding XRP and Ripple, there’s one lingering question among holders, “Should I buy/sell/hold XRP?” It all started with the SEC lawsuit. Ripple Vs. SEC: The Lawsuit The lawsuit filed by SEC against Ripple and its two executives – Chris Larsen and Brad Garlinghouse – is the most trending...Read More
With a value of $23,324 at press time, Bitcoin seemed to be spending a record period of time above $19,000 (previously it was less than 24 hours). The crypto-asset’s price growth should have turned the wheels on major derivatives exchanges, but surprisingly, that hasn’t been the case. CME’s cash-settled Futures contracts have been under the...Read More
Thanks to Bitcoin’s overwhelming market dominance, the altcoin market’s high correlation stats with BTC shouldn’t be unexpected. Despite Bitcoin maintaining its bullish position on the charts, many of the market’s alts haven’t quite replicated that movement, with the likes of Monero, Dash, and Augur moving in the opposite direction instead. Monero [XMR] Source: XMR/USD on...Read More
