Binance Coin could be set to lose the level of support at $29 to the market’s bears over the next few days after noting a lack of buying volume over the past two weeks. The bullish momentum behind the recent gains for both Synthetix and Nano appeared to have evaporated, and both cryptos could witness...Read More
Litecoin has come in for a lot of criticism over the past two years thanks to its lukewarm movement on the charts. Not only is Litecoin trading at a level that is way off its all-time high of December 2017, but organic developments are far and few to talk about as well. And yet, despite...Read More
Bitcoin Cash exhibited some volatility over the past two weeks, with the market appearing to be indecisive at press time, although a downside seemed like a safer bet. Bitcoin will have a huge influence on BCH going forward while IOTA was trading within a rectangle and awaited a breakout backed by strong volume. Enjin formed...Read More
Yearn.Finance’s YFI token has been in the news a lot lately, mostly due to its parabolic movement on the price charts. In fact, within a month of YFI trading at just over $7,500, the token hiked exponentially to touch the $30,000-mark on the 2nd of December. However, while YFI did hold the level for just...Read More
Many large-cap altcoins followed Bitcoin’s lead in the market to a certain extent. However, EOS and DigiByte dropped under a level of support and the subsequent pullback saw the same level retested as resistance. In fact, their indicators pointed towards the likelihood of a downside on the charts. Finally, Ontology formed a triangle pattern that...Read More
The altcoin market saw some coins record gains over the past 24 hours, but there was also some volatility arising due to Bitcoin‘s recent price movements. In fact, while Monero saw a dip to $124 swiftly pushed back up to $132, Basic Attention Token was on a downtrend, but formed a bullish reversal pattern. Finally,...Read More
Thanks to Bitcoin’s performance over the past 10 days, many of the market’s altcoins noted sharp upticks recently. However, that wasn’t to last as the world’s largest cryptocurrency continued to consolidate on the charts under the $19k-mark, many alts fell after a correction wave hit them. While some like VeChain continued to record gains over...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 has not lost ground and many altcoins like, Bitcoin have been holding on to a higher value than a month back. Litecoin, the digital silver has also noted a significant rise...Read More
Bitcoin Dominance rose toward 64.3% after posting another higher low at 62.44% for the past week and stood at 63.66% at the time of writing. Bitcoin is currently being traded at $19072 with a 24-hour trading volume of $19.6 billion. Source: CoinStats Some altcoins showed a bullish breakout, such as Bitcoin SV and NEM. Compound...Read More
Bitcoin’s price began to climb up the price ladder in November and has now been holding on to a good price level. The current price of the digital asset was $19,107, with the traders’ constant push and pull. However, with the rising price the long-term holders in the market have also begun to realize their...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 XRP market has once again been moving higher up the price ladder and given the momentum witnessed in the Bitcoin market, the price could witness a boost. At press time, the XRP price...Read More
Bitcoin’s rapid institutionalization has raised many eyebrows, around the world. In addition to this, it has also raised the interest and investment of institutional investors, family offices, and HODL waves from retail. In the latest episode of the Pomp Podcast, Raoul Pal takes us to conversations that happened behind closed doors between Macro guys from...Read More
After hitting its latest ATH on the price charts, Bitcoin has fallen. However, optimism remains high, especially since at the time of writing, BTC was still trading at a level right above $19,000. With the world’s largest cryptocurrency consolidating on the charts, many of the market’s altcoins have chosen differing price trajectories. The likes of...Read More
Bitcoin has been evolving and so have the narratives around it. Most people view it as a currency, a store of value, peer-to-peer cash, etc. However, these are the narratives that have prevailed. Other narratives included e-cash proof-of-concept, darknet currency, programmable shared database, etc. It is clear that the narratives around bitcoin have been changing,...Read More
The Crypto Fear and Greed Index showed extreme greed with a reading of 93 for the day and has stayed above 80 since early November. MicroStrategy purchased another $50 million worth of BTC averaged to $19,474 per coin, while Grayscale added another $140 million to its Bitcoin holdings in the past 24 hours. Tron had...Read More
SBI Holdings announced on Saturday Ogaki Kyoritsu Bank’s decision to connect to its next-generation financial infrastructure, MoneyTap. The Bank has been working towards its users’ convenience and has opened 24-hour stores, drive-through stores, and even mobile stores took the decision to allow user-oriented transactions. SBI Holdings noted that the connection was a “multi-factor authentication of...Read More
Stellar Lumens was rising to test the level at $0.18 at resistance before retracing more gains from the previous month, where XLM made gains of nearly 200%. Decred was also moving lower on the charts, and it is expected to see a bounce upward at $24.3 support. Waves had a bullish outlook and traded within...Read More
Cryptocurrency regulation has been a widely discussed topic around the world. On the one hand, many nations are trying to find a balance between regulations and innovation, while on the other, there have been steps to stifle the growth and progress of crypto. Recently, the Michigan Democrat Rashida Tlaib with Congressmen Jesus García and Stephen...Read More
Injective Protocol announced the launch of their first synthetic commodity market on the Solistice Testnet. According to the announcement, users can now trade gold perpetual markets with up to 20x leverage. The price oracles utilized will enable real-time feeds which further allows traders to trade gold 24/7 on Injective. “We have chosen to begin with the introduction...Read More
China is leading the world in the development, implementation, and testing of its CBDC with the DCEP project, adding yet another city to the list of test runs. According to reports, Suzhou will give away 20 million Yuan worth $3 million in the new central bank digital currency. Similar to the pilot in Shenzhen, citizens...Read More
Bitcoin saw a dip from $19,500 to $18,500 in the past couple of days and was trading at $18,919 at the time of writing. Bitcoin Cash had a few days of calm sideways trading but could be headed lower in the coming hours. Ontology indicated a breakout was imminent, with the direction not yet confirmed....Read More
EIP-1559 is one of the most anticipated upgrades to the Ethereum blockchain, and according to reports, it is likely to be on the mainnet fairly soon. ETH devs handling the proposal are in the process of moving EIP to the mainnet, coming to an agreement that solutions to most research questions have been solved. Finally,...Read More
American entrepreneur Erik Voorhees who founded ShapeShift said that any asset manager today who remains ignorant of Bitcoin “needs to seriously check their premises.” He took to Twitter to make this remark after retweeting data shared by analytics platform Messari co-founder Dan McArdle that showed how Bitcoin has outperformed everything over the last ten years....Read More
CEO of major cryptocurrency exchange Binance, Changpeng Zhao, or CZ, expects the exchange to make profits between $800 million and $1 billion this year. According to Zhao, Binance’s expected profits for this year are up from about $570 million – or almost double – of what it recorded last year. CZ revealed the figures to...Read More
Ordinarily, Bitcoin’s price movements would have a uniform effect on the rest of the altcoin market. However, that wasn’t the case over the previous week since many of the market’s alts found alternate trajectories. While the likes of XRP and Polkadot surged on the charts on the back of their bullish movements, DigiByte failed to...Read More
American billionaire hedge fund manager, Paul Tudor Jones made bullish statements about Bitcoin, and compared Bitcoin and other cryptocurrencies to precious and industrial metals. In an interview with Julia La Roche of Yahoo Finance, Paul Tudor Jones expected Bitcoin to be “substantially higher” in 20 years and that Bitcoin had the “wrong market cap:” In...Read More
Grayscale Bitcoin Trust may be the closest to a Bitcoin ETF in 2020. The daily GBTC trade volume has increased steadily since June 2020 and this is critical to Bitcoin’s price and liquidity. Grayscale Bitcoin Fund requires a minimum investment of $50000, and the trade volume in GBTC is a clear indicator of the demand...Read More
The Acting Head of US Office of the Comptroller of the Currency (OCC), Brian Brooks, said regulators were “very focused” on “not killing” Bitcoin. The comment comes amid speculation about a possible blanket ban on cryptocurrencies in the US. Brooks went on to state that US regulators were planning to develop the networks behind Bitcoin....Read More
Bitcoin’s recent surge that saw it climb to a new ATH on a few exchanges had a profound effect on the rest of the crypto-market. At press time BTC was being traded at $19,403 with a trading volume of $17.5 billion. Source: CoinStats Thanks to BTC’s high correlation with the rest of the market, many...Read More
Top derivatives exchange, Deribit has hit a new all-time high in terms of open interest for Ethereum options. The Exchange announced on 4 December that it hit this new peak as the value of the ETH options reached $826 million. With Ethereum’s value still being high at $589, at press time and returning 370% to...Read More
