The current Bitcoin bull run, or more appropriately labeled ‘price rally,’ has been initiated by large investors and institutions, not by retail traders. It is evident from the trade volume and activity on spot exchanges that institutions are buying and HODLing. There are big spot buyers and the correction in Bitcoin’s price, like the recent...Read More
Disclaimer: The findings of the following article ar the sole opinion of the writer and should not be taken as investment advice Litecoin, the cryptocurrency dubbed the silver to Bitcoin’s gold, has emerged out of its bear market quite gracefully. Its 2020 YTD returns, at the time of writing, were 90%, a figure that wasn’t half...Read More
Bitcoin’s price has been in a state of constant fluctuation over the past few weeks, dropping to a low of $17.6k before recovering to climb above $19k, at the time of writing. The drop in price witnessed earlier was a cause for concern for many investors who believed that the market was headed for a...Read More
Bitcoin cycles have evolved over the past decade, a development that has been pretty similar to Bitcoin’s own evolution as an asset. Also obvious is the maturity of not just the market’s investors, but the perception of Bitcoin as an asset class. If 2020 has proved something, however, it is that Bitcoin is a resilient...Read More
Ethereum showed strength in the market and recovered from the $540-level it dropped to a couple of days ago. Augur experienced significant volatility in recent weeks. Finally, FTX Token continued to climb on the charts, with the crypto on an uptrend it has been on since early November. Ethereum [ETH] Source: ETH/USD on TradingView ETH...Read More
With Bitcoin’s price dropping below $19,000, the focus has shifted from the world’s largest cryptocurrency to Ethereum and the rest of the market’s altcoins. Institutions that dabbled in Bitcoin since June 2020 are now discovering Ethereum following the launch of ETH 2.0. In fact, scalability issues faced by Ethereum might have well become a thing...Read More
Bitcoin’s recovery over the past couple of days from $17,600 to $19,200 was accompanied by rising Bitcoin dominance. Large-cap alts gained in value over the same period, but in general, they were not as quick to surge. Polkadot broke past the $4.8-resistance level, but it saw bears and profit-taking around the $5 region. EOS broke...Read More
Almost 2 weeks after Ethereum 2.0 beacon chain went live, over 1.4 million ETH have been staked on the deposit contract, with 31,000 active validators and 13,000 in the activation queue. While the ensuing period since hasn’t been too development-heavy, according to some like developer Ben Edgington, ‘no news’ is good news. “It’s been a wonderfully...Read More
Bitcoin’s last 2 quarters in 2020 have been quite volatile. Rather, that has been the case for most of 2020. In fact, each quarter had something important like the Pandemic-induced crash in Q1, the V-shaped recovery in Q2, the institutional buying in Q3, followed by the rapid explosion in price in Q4. While institutions have...Read More
Bitcoin SV recovered somewhat following the gains Bitcoin posted over the past couple of days, with BSV approaching its level of resistance on the charts. IOTA was trading just above its level of support, and a rise past $0.3 signaled that a test of $0.326 was imminent. Nano gave a bullish signal and posted some...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Bitcoin, the world’s largest cryptocurrency, was hovering in the $17,000-range 24-hours ago. However, the price did seem to have appreciated considerably since. At press time, Bitcoin looked toppy, with its price recorded to be...Read More
Tezos has recorded losses over the past couple of weeks and it was heading back towards the $2-level of support, at the time of writing. Basic Attention Token was also on a downtrend since early-December and found support at the $0.2-level. Finally, Dogecoin was consolidating at its level of resistance. Tezos [XTZ] Source: XTZ/USD on...Read More
A hard fork was initiated on the Cardano network a few hours ago, one that has largely gone unnoticed, presumably due to the way in which it was executed. The hard fork was initiated to introduce the token locking mechanism to the Cardano blockchain and the complete transition will now take place on 16 December...Read More
Chainlink sat atop an important level of support, the loss of which would confirm that the market’s bears were in the driving seat in the LINK market. Synthetix registered a notable lack of buying volume in recent weeks, and it could continue its descent past $4.2. Finally, Status formed a bullish pattern and could see...Read More
The corrections in the U.S stock market earlier this week fueled a fear among many that a pullback in Bitcoin’s price may be incoming too. Such fears were later validated, with the crypto-asset trading below $18,500, at press time. Bitcoin has been in an unfavorable position since it dropped below $19,000. After the price dropped...Read More
According to a recent announcement, a smart contract development platform for Tezos, Smart Chain Arena (SmartPy.io), is the newest recipient of a blockchain integration grant from Chainlink. The grant will enable Chainlink price feeds to be integrated on Tezos, something that will help the blockchain platform build next-generation DeFi products. The Chainlink Community Grant Program provides...Read More
After DeFi, “institutional investors” has probably been the buzzword for the crypto-market, especially following the likes of MicroStrategy and Square jumping in. Looking at institutions going on a Bitcoin buying spree, many analysts have had their say on what this means. Popular American computer scientist Paul Graham is the latest one after he tweeted, “Possible...Read More
In anticipation of the airdrop of Spark tokens, the number of addresses holding XRP rose dramatically recently. At the time of writing, it was still unclear what effect this development would have on the cryptocurrency’s price. Further down the crypto-ladder, while NEM witnessed a bullish reversal and tested the $0.252-resistance level, VeChain registered a bullish...Read More
Michael Saylor’s latest plans to raise cash for investing in Bitcoin may be controversial to the T. MicroStrategy’s treasury strategy is working as planned, and the timing of the move to buy Bitcoin and replace it as the treasury asset may have been the key driver of MicroStrategy’s growth in the first half of the...Read More
The Crypto Fear and Greed Index registered a value of 90 at press time, with calls for a deeper Bitcoin correction yet to come to the fore. Stellar Lumens was on a downtrend over the past three weeks, but it could see a breakout to the upside in the coming days. Aave saw a bearish...Read More
Bitcoin’s price has dropped by over 6% in the past seven days. The crypto-asset, at the time of writing, was trading at $18,368, falling fallen to as low as $17,800 before recovering. However, BTC’s press time price was still well below the $19,000-level from earlier in the week. So, where is Bitcoin headed? Is the...Read More
Most of the crypto-community is obsessed with titles. Any cryptocurrency or a blockchain project advertised with the title of XYZ-killer is particularly popular. Ethereum, the world’s largest altcoin, is often the target of such dubious comparisons. The latest to do so is Coinbase after it recently published a blog that identified 9 blockchains it classified...Read More
The last few days saw the altcoin market shed a lot of value, with some coins losing double-digit percentage points over the past week. Monero did not see significant selling volume over the same time period, something that hinted at its strength in the market. Waves was rocked by the latest bout of Bitcoin volatility,...Read More
Cardano’s ecosystem has been one of the most active ones this year, with every passing month bringing with itself a host of updates and developments. It is in the news again after Founder Charles Hoskinson recently shared a few updates on Cardano’s strategy in Africa. According to Hoskinson, it is likely that there will be...Read More
Tron appeared to have found the $0.0275-level as the bottom for its most recent drop, and a bullish setup predicted a recovery towards the $0.03-level over the next few trading sessions. Algorand saw heavy trading and a sharp spike back towards a level of importance at $0.31, a level which it would attempt to flip...Read More
MassMutual was in the news recently after it bought $100 million worth of Bitcoin, news that billionaire Mike Novogratz responded to as “might be the most important BTC news of 2020.” On the back of such a development, Bitcoin Cash exhibited a bullish divergence on the charts and rose towards the resistance level at $267....Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The cryptocurrency market’s rally has been halted in its tracks, and most altcoins along with Bitcoin have been registering a significant drop in prices lately. Ethereum, the world’s second-largest cryptocurrency, has also been seeing...Read More
eToro, popular Israeli social trading and multi-asset brokerage company, is the latest addition to the Israeli Unicorn club. eToro acquired this new classification of a “unicorn” after its valuation surged past $2.5 billion. According to reports, it had reported a valuation of $800 million during its last funding round back in 2018. According to a...Read More
Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Bitcoin SV’s surge above the $200-resistance level was long-awaited, but it was extremely brief when it actually happened. The crypto-asset dropped below $200 within 24-hours and since then, Bitcoin SV has re-visited its common...Read More
Today, the 11th of December, marked the first day of China’s latest DCEP trial in Suzhou after results of the lottery were announced earlier in the day. The day saw 200 million RMB ($30.6 million) of the digital yuan distributed to 100,000 people in digital red envelopes. These “winners” have been asked to spend the...Read More
