Amid the recent GameStop share hike frenzy, Robinhood faced much criticism from enraged users and policy-makers alike, for suspending trading services for retailers. According to the Wall Street Journal, Robinhood has raised another $2.4 billion from its shareholders. The WSJ report cited sources familiar with the matter and stated: Robinhood Markets Inc. raised another $2.4 billion...Read More
Stellar Lumens climbed above its immediate resistance on the charts but the indicators did not favor an extended rally. Altcoins XTZ and DASH projected rangebound movement as there was a shortage of buyers in their market. Stellar Lumens [XLM] Source: XLM/USD, TradingView Stellar Lumens broke above $0.239 resistance after it witnessed some buying pressure over...Read More
XRP’s price recovered from the blow dealt by news of the SEC lawsuit on December 22 to trade at $0.56. Monero surged after exhibiting a bullish divergence while Basic Attention Token hovered above a level of support. XRP Source: XRP/USD on TradingView On December 22nd, XRP was trading at $0.53. News of the SEC lawsuit...Read More
The past few days have demonstrated how organized groups can shake the well-established stock market. This organized movement was even visible in the Dogecoin [DOGE] market due to which the price of the digital asset sky-rocketed. At the time, traders from around the world were interested in the Dogecoin hype, and probably due to this...Read More
Cardano was trading within a range from $0.32 to $0.38 and showed signs of being in a consolidation phase. SushiSwap was bullish on the charts and likely to go past $10, while IOTA found support at the $0.39 mark but lacked interest from buyers to attempt another move past $0.45. Cardano [ADA] Source: ADA/USDT on...Read More
Just a few days ago we saw Elon Musk, the CEO of Tesla add Bitcoin to his Twitter profile, which caused a sudden pump in the value of the digital asset. As the market stabilizes from the surge, Musk has extended his support to Bitcoin and stated that it was on the verge of acceptance...Read More
Despite Ripple facing two lawsuits from the United States’ Securities and Exchange Commission [SEC], its products still seem to be much sought-after. According to a recent update from one of the oldest RippleNet members, Kuwait Finance House [KFH], it is now launching an instant cross-border payments service to Turkey. As per the announcement, the bank...Read More
Ethereum was consolidating under its all-time high and traders eagerly anticipated a breakout past this final level of resistance. Aave showed bullish momentum and could post further gains past $300, and does not yet hint at a pullback on its rally. Dogecoin sent users into a rapture, apart from those who bought the absolute top....Read More
Cardano was unable to break above $0.367 but the overall trend was still bullish as the candlesticks remained above their 20-SMA and 50-SMA. Cosmos traded close to its immediate resistance and indicated the likelihood of an upward breakout as the indicators flashed bullish signals. Dogecoin cut its losses at $0.024 and was projected to move...Read More
The biggest crypto market after that of Bitcoin’s has to be Ethereum. It has been the second-largest altcoin in the market noting an 85% surge since the beginning of the year. With its price surpassing $1k earlier in January, ETH’s value remained at $1,350 at the time of writing and registered a 24-hour trading volume...Read More
Apart from the on-chain factors that drive Bitcoin’s bull run, a few external indicators that precede every bull run have made the headlines yet again such as a bill on a probable cryptocurrency ban in India, the Chinese new year FUD, exchange outages like Coinbase and Binance, and altcoin price rallies, etc. Once the sell-off...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The second-largest cryptocurrency, Ethereum [ETH] has remained unimpacted by Bitcoin’s volatility over the past couple of days. The value of the digital asset has managed to stay above the $1,322 support and was currently...Read More
Ethereum is trading at the $1300 level and the price is up nearly 5.7% in the past week. After hitting $1426 on Jan 29, 2021, the price dropped without hitting $1500, which is to a certain extent comparable to what happened to Bitcoin. Though Ethereum’s chart shows volatility at the current price level, it has...Read More
Bitcoin is currently trading at $33831 after a highly volatile and eventful week. Before the weekend, Elon Musk’s tweet led to a massive surge in price, bringing it closer to $40000 level. However, there is consistent resistance and the price dropped to $33000 before it would hit the ATH. There were several metrics hinting at...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The Bitcoin-Cash market like the Bitcoin market has been witnessing restricted movement. The digital asset was priced at $405 at the time of writing but was heading lower on the price scale. Meanwhile, the...Read More
After the market frenzy observed a couple of days back, the Bitcoin market has been preparing for another rally. This bullish sentiment was rising in the market, as the stablecoins in the exchanges hit an all-time high. According to the data provider CryptoQuant, the stablecoin holdings on exchanges have reached a peak of $4.98 billion...Read More
Chainlink traded at the mid-point of its immediate resistance and support but flashed bearish signals at press time. Synthetix scaled past another record level as the bullish cycle was projected to last for a few more sessions. Decred cut its losses at $61.5 support and eyed a move back towards its present resistance mark. Chainlink...Read More
A lot happened over the past week, as Bitcoin experienced one of its most volatile periods in terms of price and futures trading. While there weren’t any major dips or rallies, the constant change of sentiment may have tested the trader’s resolve and a particular incident reminded the crowd about Bitcoin’s reactive nature. 22nd-29th January:...Read More
After announcing its plans to go public in December 2020, Coinbase released a statement on January 28th about its intent to propose a direct listing instead of a traditional IPO at the end of the year. The cryptocurrency exchange had already filed its registration documents with the SEC but the direction wasn’t specified until now....Read More
XRP sustained its northbound move on the charts and traded close to the $0.444 resistance at press time. AAVE remained within its parallel channel, with a breakout unlikely over the coming sessions and IOTA found support at $0.416 and registered some sideways movement. XRP Source: XRP/USD, TradingView XRP maintained its upward trajectory on the charts...Read More
XRP’s price has been appreciating for the past three days and is now up by over 100% from $0.2478 to $0.5100. This increment in price followed the unprecedented stock movement especially with regard to the drama surrounding GameStop’s stock and Dogecoin’s surge on the charts. Amid the on-going rise, investors did not necessarily align with...Read More
It has been another bullish week for Binance Coin as the asset rallied from $36 on the 22nd of January, to $44 on 31 January. While the token has been here before, on the long-term chart, the potential of another correction arises. At press time, Binance Coin had a market cap of $6.9 million, as...Read More
Even though Bitcoin moved closer to the $34,000 level and saw some positive movement on the charts, some altcoins remained cautious and awaited stronger cues for a more definitive move. Such was the case with ETH and TRX, both of which were moving sideways at the time of writing. On the other hand, SUSHI showed...Read More
Litecoin failed to rise above its 200-SMA and traded close to its support at $130. Tron seemed to be under a correction as prices cooled off after touching a local high. Elrond snapped yet another all-time high, but the indicators pointed towards a bearish pullback. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin was unable to break...Read More
Even though the Bitcoin market is looking for a way to stabilize, the altcoins are seen marching higher above the price candles. Most altcoins were noting high volatility as the trend in the market changes. Binance Coin [BNB] Source: BNBUSD on TradingView The Binance Coin [BNB] market has been witnessing the price note higher highs...Read More
At the time of writing, Bitcoin was back at square one trading within the $32,000-$34,000 range, after the Elon Musk-inspired hike exhausted itself. What effect did BTC’s short-lived performance have on the rest of the altcoin market? Well, a few alts followed BTC’s lead, while a few others continued to consolidate on the charts. On...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The Monero market like most altcoin markets remained largely unaffected by Bitcoin’s price activity yesterday, and despite a small drop it remained above its crucial support. Although there has been a development of a...Read More
The consolidating Bitcoin market was shaken out with one mention from Elon Musk on Friday. However, shortly after the 20% appreciation, the price turned around and fell almost to the pre-pump level. Despite the wild market movement, the on-chain metrics of BTC held strong. The Bitcoin network has been active and processing the second-largest transaction...Read More
Thanks to Bitcoin’s dominance and overwhelming market share, most altcoin movements are correlated to the fortunes of the world’s largest cryptocurrency. At press time Bitcoin was trading at $33,739 with a 24-hour trading volume of $82.8 billion. Source: CoinStats However, such correlations aren’t uniform or consistent, with the previous week providing evidence of the same....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The value of Bitcoin has been moving along its current support levels and trying to consolidate around $33k. The sudden pumping of its price against all predictions has provided BTC another chance to test...Read More
