Most crypto-statisticians believe that Bitcoin has begun decoupling from the U.S. stock market index, the S&P 500. In fact, Willy Woo had predicted that Bitcoin would break ties with the traditional market due to a boost in new entrants. Given the impact the correlation between stocks and Bitcoin has had on the crypto-market, the decoupling...Read More
Chainlink was on a short-term downtrend on the charts, but could see a breakout towards $12, provided Bitcoin doesn’t register huge movements of its own. Basic Attention Token was on a strong downtrend too, while Dash noted considerable volatility over the past month, with some levels of importance highlighted on its price charts. Chainlink [LINK]...Read More
Many in the community have often raised a host of questions about XRP’s viability and utility. Facing one of these questions recently, CTO of Ripple, David Schwartz, stated that a “combination of obstacles” is likely responsible for banks holding back from using XRP as a bridge asset. During an exchange on Twitter, Schwartz commented, “I...Read More
The Crypto Fear and Greed Index noted a figure of 72 at press time, with Bitcoin just under $14,000 on the charts. Further down the crypto-ladder, Tezos lost an important level of support, while NEM continued to fall. Zcash could also be set for significant losses over the next couple of weeks. Tezos [XTZ] Source:...Read More
Bitcoin surged to $13,950 at the time of writing. There was no overhead resistance for Bitcoin past $14k, till ATH near $20k. While this euphoric development, there is a possibility that BTC experiences a correction in the coming days. Source: CoinStats Ethereum Classic was trending lower in the short-term but still exhibited good interest from...Read More
The stablecoins sector has been working behind the scenes and has been witnessing great growth in 2020. Even though Tether was at the top spot in terms of its supply, DAI and USDC were catching up. DAI, a community-driven experiment has acquired a similar share of transaction count as its counterpart, USDC. USDC, a regulated...Read More
On the last day of October Bitcoin was seen nearing its monthly high as it aimed towards the $13,700 mark. The same bullishness was also visible on the trading charts of Ethereum, Stellar Lumens, and Basic Attention Token (BAT), with the three digital assets recording appreciable single day gains. While the price recovery in Ethereum...Read More
The crypto market has seen an uptick in Institutional Investment of late and following the announcement of these large purchases by more firms, the market has rallied as anticipated. There is much speculation as to which firm will be the next to buy Bitcoin, but the real question is how many institutions are now accumulating...Read More
After a hint of price stabilization along its key support levels on the price charts, all three alts – Litecoin, Zcash, and BitTorrent, at the time of writing, were once again starting to record noticeable gains. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin’s prices were noting a strong buying momentum as it rose above its...Read More
At the time of writing, Bitcoin Cash witnessed a rise in its selling pressure as the digital asset’s bearishness hinted towards a downward price action for the short-term period. Dogecoin too, was bearish on its trading chart and could break into a horizontal price movement once again as the day progresses. While the Tezos market...Read More
Bitcoin’s recent move above $13.5k has flipped the “Bitcoin Gold Narrative”. From Bitcoin as a store of value, the narrative has moved to Bitcoin as a safe haven. The primary reason why gold is the preferred alternative investment globally is it has been around for a few thousand years and it helps investors in reducing...Read More
Crypto Fear and Greed Index showed greedy market sentiment with a value of 73 even as many altcoins posted losses. Bitcoin surged to $13,700 at the time of writing. EOS broke strongly southward while Aave also faced strong rejection at a level of resistance. Both assets could be poised for further losses in the coming...Read More
The overall bullishness in the crypto-market seemed to be picking up once again, with the rest of the digital assets mirroring Bitcoin’s recent gains over the last 24 hours. Chainlink and Monero, were up by 3% percent since yesterday, with Chainlink maintaining a bullish momentum at press time, while technical indicators for Monero remained neutral....Read More
When should you buy Bitcoin? The default answer to that should be every day, irrespective of the price, as the simple dollar-cost average (DCA) strategy goes. But, lets be honest, nobody really does that? Why? Because its too simple. Instead, people look at a host of different technical, on-chain and macro-economic indicators. Bitcoin, due to...Read More
Orbit, a new commercialized renewable energy company, announced that it will use the Ethereum blockchain to allow everyday people to get involved in buying and selling solar power. According to reports, special ORBT tokens will be distributed and used to make these purchases and sales. Given the fact that the transactions will take place utilizing...Read More
Ethereum, the biggest of the altcoins, dropped beneath $400 and could signal further, marketwide losses while Bitcoin stayed well above $13,000. Cardano exhibited a bullish divergence, however, bearish momentum held sway and only a bounce can be expected before a move to the downside. Algorand was in a short-term rally that was likely to fade...Read More
Bitcoin fees are soaring again, reaching a level of $12.71 as of yesterday. The recent spike in fees has been particularly steep over the past few days, with the current level reflecting a 540.3% increase. Source: Ycharts Average fees can spike when there is congestion in the network, which currently seems to be the case. Unconfirmed...Read More
Bitcoin defended $13,200 and was trading at $13,486 at the time of writing. The situation for altcoins was decidedly less bullish as most of the rest of the market saw losses and could have further downward to go. Bitcoin SV did not drop below $160 and could hint at recovery if it continued to hold...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the XRP short-term market and its impact on the price. As the Bitcoin market moved between some tough resistances and support over the past few days and given the strong correlations with the altcoins, XRP, the third-largest crypto has been noting...Read More
Bitcoin Dominance rose to 63.7% and Bitcoin was trading at $13,501 at press time. The altcoin market saw losses, with giants such as Ethereum also registering losses as it closed beneath $400. This could be explained by interest shifting from altcoins to Bitcoin, causing sell pressure on altcoins and buy pressure on BTC. Polkadot and...Read More
New York-based telecommunications company Verizon has announced the launch of a blockchain-based, “open-source newsroom product designed to raise the bar for corporate accountability,” according to its report released. Verizon’s new initiative, dubbed the ‘Full Transparency,’ platform is meant to immutably document the company’s own news releases and provide a record of changes to communications on...Read More
The three digital assets, Bitcoin Cash, IOTA, and Basic Attention Token continued to stay in the red zone for the day’s trading session. With over 6% in losses since yesterday, strong selling pressures could last longer in the Basic Attention Token and IOTA market. Bitcoin Cash on the other hand, also witnessing a sell-off, dipped...Read More
A British citizen who has reportedly been an ISIS member for over four years has appeared before a local court for allegedly sending money abroad (via BTC) to help captured ISIS militants escape Syrian prison camps. According to a report, the 27-year old citizen named Hisham Chaudhary faces seven terror charges, including membership of a...Read More
Bearish market trends seemed to be supporting a period of sell-off in the three alts, Cardano, Stellar Lumens, and VeChain. Moving averages favored a bearish trend for Cardano. Stellar Lumens too depicted a selling sentiment on its trading charts. Compound (COMP) displayed high levels of market volatility, which coincided with a period of a downtrend, hinting...Read More
Airport officials at Lamezia Terme International located in the southwest region of Calabria caught a 41-year-old technician from Italy for illegally mining Ethereum (ETH) according to a report published. The ETH miner who was in charge of managing computer systems at Lamezia was employed by Sacal SpA, the company that is responsible for maintaining the...Read More
In light of the anticipated October 31, which marks 12 years since the Bitcoin Whitepaper was released, many in the crypto community sought to celebrate the occasion. Blockchain cybersecurity firm, Halborn, even produced a video with several celebrities wishing Bitcoin a ‘Happy Birthday’. The list of celebrities celebrating ‘Bitcoin’s Birthday’, included David Hasselhoff, Gilbert Gottfried,...Read More
The aggregate open interest in Bitcoin futures is up 43% since the beginning of October. Based on data from Skew, cyclical drops in Bitcoin’s open interest on top derivatives exchanges occur every 45-50 days. BTC Futures Aggregated open interest || Source: Skew In the past year there were 3 peaks of open interest above $5.5...Read More
Subject to approval of the Canadian Securities Exchange (CSE), INX Limited said today that it will apply for the listing of its digital security, the INX Token on the CSE, according to a release shared with AMBCrypto. If it is approved, CSE will be the first of many other exchanges that will join and list...Read More
Litecoin witnessed a drop in its buying volumes amid the market-wide sell-off, with the digital asset plunging below key support turned resistance levels. Tron experienced some strong selling pressure, in the midst of a highly volatile scenario. Finally, the technical indicators for Zcash too suggested a clear bearish outlook for its immediate short-term trading sessions....Read More
While Bitcoin SV must have felt good upon its recent re-test at $180, its quick decline to $163 would have made things a little complicated. As the market followed Bitcoin’s cue, a bearish trend was evident on every altcoins chart and BSV was no different. With a market cap of $3 billion, BSV was back...Read More
