Ethereum has been dormant in the short-term, and Bitcoin Dominance has also been relatively flat over the past few days. The altcoin market was waiting for a breakout or breakdown. Bitcoin SV faced strong resistance from $180, while EOS tried weakly to get past the $3 level of resistance, a move that would signal a...Read More
Ethereum is the most dominant cryptocurrency among the Top 4, based on activity, updates and the highest Github submission rate. The development team of Ethereum makes daily routine submissions that make it the busiest cryptocurrency that ranks #2 based on market capitalization. Despite its dominance, there are a few challenges facing ETH 2.0’s further growth. As...Read More
Let’s pick up where MicroStrategy left off – their additional purchase of bitcoin, which leaves them with a total of 40,824 BTC. While this may be bullish for bitcoin and everyone in the ecosystem, we don’t realize what this implies, so, let’s take a look at what this means. Grayscale Grayscale Investments has been at...Read More
SBI Holdings has already established itself as a major player in the world of cryptocurrency teaming up with Ripple. Now, the banking giant has announced through its subsidiary SBI Digital Asset Holdings a joint venture with Switzerland-based SIX Digital Exchange. The announcement noted that the joint venture was aimed at driving institutional digital asset liquidity...Read More
Binance has been expanding its peer-to-peer trading list. It has announced the addition of not one but four fiats to its P2P trading platform. It has now added Myanmar Kyat [MMK], Lao Kip [LAK], Cambodia Riel [KHR], and Sri Lanka Rupee [LKR] and these fiats will trade against Bitcoin [BTC], Tether [USDT], Ethereum [ETH], Binance...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 Litecoin market has been continuously swinging and is now slowly moving upwards. The current price of the digital asset was $83.37 and has been flirting with the resistance at $84.21. Despite the rising...Read More
Facebook has been having a tough time dodging lawsuits with respect to its crypto-project. The social media giant rebranded its crypto project from Libra to Diem and announced it on 1 December. However, this rebranding has resulted in another lawsuit lining up from a London-based Fintech company. According to reports, Diem, a London Fintech startup...Read More
Ethereum has been trading just beneath the $600 mark over the past few days. This sideways movement was reflected in the altcoin markets as well. Bitcoin Cash and Tron traded with very little vertical momentum on the charts in the past week. Zcash did not see good buying volume even as it defended a level...Read More
During a recent G-7 meeting held on 7 December, US Treasury Secretary Steven T. Mnuchin hosted a discussion that included ongoing responses to “evolving landscape” of crypto assets and other digital assets. In addition to this, officials and G-7 members discussed national authorities’ work to prevent the use of cryptocurrencies for “malign purposes and illicit...Read More
Ethereum, the market’s second-largest cryptocurrency and the king of the altcoins, exhibited bullish bias at the time of writing. For the same, there seemed to be more than two reasons behind it. With the cryptocurrency’s price trading at $600 per coin, more price appreciation may be incoming and here’s why, On-chain metrics Ethereum investors Source:...Read More
CEO and founder of the digital currency company Circle, Jeremy Allaire thinks that the Biden administration is likely to be supportive of cryptocurrencies and the benefits the US can obtain from them. In Allaire’s opinion, Joe Biden and his administration will ultimately be supportive of cryptocurrencies because it signifies an infrastructure change as big as...Read More
A court in Paris sentenced alleged Russian Bitcoin hacker Alexander Vinnik to five years in prison for crimes connected to money laundering and for providing false information about the origin of the proceeds. In addition to this, Vinnik has been ordered to pay a fine of 100 thousand euros ($121,000). Suspected of a bitcoin fraud,...Read More
With Bitcoin’s price trending closer to $20,000, on-chain analysts are suggesting that an upcoming correction may soon become inevitable. This is a strong possibility, despite the consistent buying and demand generation by institutions and whales. While retail/institutional traders may not be bearish just yet, according to popular on-chain analyst Willy Woo, “Bitcoin on-chain structure saying...Read More
Ethereum registered its highest weekly close in the past 120 weeks with a price level of $601.95. While the short-term outlook and momentum remained neutral over the past few days, ETH bulls might be able to bounce off the $580-support and attempt to go past $620. NEM and FTX Token were also on a strong...Read More
Major cryptocurrencies Bitcoin, Ethereum, and Tether have all got a mention on the Season 11 premiere of the long-running American comedy-drama television series “Shameless” which features on Showtime. The first episode – ‘This Is Chicago’ shows how Kevin (Steve Howey) is confused about the plight of one cryptocurrency user who says: My Bitcoin. It’s down...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice Cardano’s valuation was continuing to hold its position above its immediate support level at $0.138, at press time. It must be noted, however, that over the past 2 weeks, it has declined gradually from...Read More
With over 1 million ETH amounting to nearly $690 million being staked in the ETH 2.0 deposit contract, more and more exchanges and custodians are making staking services available to thousands of its users. In fact, Binance, Huobi, Kraken, OKEx, and Coinbase have already offered ETH 2.0 staking options to their users, with rewards ranging...Read More
2017, the year of the historic bull run, was also the year of extremes. On the contrary, 2018 was the year of the big drop while 2019 was the year when the brave HODLed and weak hands sold Bitcoin. Source: Coinstats The year 2020, however, may go down in Bitcoin’s history as the year of...Read More
Bitcoin’s dominance was as high as 63.6% at press time after registering a hike that saw it climb from 61.6% last week. A sustained rise in this metric could spell trouble for the market’s many altcoins. Bitcoin SV‘s bulls attempted to defend the $183-level after breaching it a few hours before press time. Further down...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, the world’s largest cryptocurrency, briefly tested the $18,500-mark again on 5 December as the king coin continued to consolidate higher up the charts. While the recent collapse down to $16,200 on 26 November...Read More
The ratio of the 24-hour Open Interest [OI] change and market cap seemed to highlight an interesting trend on the question of which coin is the most leveraged in the market. Interestingly, the most leveraged cryptocurrency isn’t Bitcoin or any other crypto in the top 10 of CoinMarketCap’s charts. In fact, the most leveraged cryptos...Read More
Bill Winters, CEO of Standard Chartered Bank, is the latest representative of a financial giant to address the phenomenon of digital currencies. Speaking at the Singapore Fintech Festival, Winters said that the creation and adoption of digital currencies is “absolutely inevitable,” an opinion that was quite a turnaround from the one held by these institutions...Read More
Secret Network, a Layer 1 privacy-enabled blockchain, has announced that it will be bringing programmable privacy to the Ethereum blockchain on 14 December. The mainnet, scheduled to launch next week, will enable the Secret Ethereum Bridge that will create bridge mining opportunities for ETH and ERC-20 holders. This will also allow users to create synthetic...Read More
FRMO Corp., a reputed financial risk management company, is in the news today after it recently made a case for investing in cryptocurrencies, particularly XRP, via its latest Shareholder letter. Highlighting the fact that the United States’ M-2 money supply had risen to $18.259 trillion at the time of writing, FRMO claimed that the crypto-business...Read More
Stellar Lumens was in a phase of consolidation before a breakout from the $0.172-level on the charts. Further down the crypto-ladder, while Polkadot had bearish momentum and could lose the $5-support level to the bears in the coming days, Status formed a descending triangle and expected a breakout over the next few days. Stellar Lumens...Read More
When Bitcoin’s price hit a new ATH on most cryptocurrency exchanges, traders expected it to hit $20,000 quickly. However, the crypto-asset soon faced a wave of corrections following the same, even as its market cap crossed $354 billion and it became the 7th largest currency in the world. To many, the $20,000-level may seem unattainable...Read More
Bitcoin, at the time of writing, was trading well above $19,000 on the charts. However, while that is a bullish observation, a closer look at Bitcoin’s fundamentals would reveal a contradiction of sorts. Curiously, the active supply of Bitcoin has hit both an ATH and an ATL. This contradictory position is possible entirely due to...Read More
The Crypto Fear and Greed Index stood at 95 for the day as Bitcoin traded at $19,041, at press time. Tezos formed a bullish reversal pattern that was yet to be confirmed, while Neo was likely to head back lower to a level of support. Finally, Aave was trading within an ascending channel and a...Read More
With Bitcoin consolidating its position right under its latest ATH on the price charts, the general mood in the crypto-market is one of bullishness and optimism. Such a mood swing has caught the attention of many in the mainstream, many of whom were previously hesitant about investing in cryptocurrencies. In fact, there is also an...Read More
When Bitcoin decoupled from Gold in November 2020, on-chain analysts predicted that it was gearing up to hit a new ATH on the charts. As it happened, that’s exactly what happened. However, the sentiment on the part of the market’s retail traders was mostly mixed after the Bitcoin-Gold correlation dropped so dramatically. The “store of...Read More
