Bearish sentiment continued to be the norm across the crypto-market, at the time of writing. While Ethereum appeared likely to face further losses on the charts after forming multiple bearish patterns, Ontology continued to slump too. On the contrary, Maker flipped a level of resistance to support and was likely to see more gains in...Read More
The most recent price dump in the crypto-market saw the world’s largest cryptocurrency Bitcoin’s price dive towards the $10,400-level, a movement that signaled worrying signs of bearish divergence across the charts. In fact, Bitcoin SV registered a bearish divergence during the day’s trading session, under a scenario of heavy capital outflows in the BSV market....Read More
Band and Chainlink are both building infrastructure that enables interoperability of smart contracts, and while these are two leading oracle projects in their own right, the rivalry and drama between the two seem to go beyond token sales and market capitalization. Off late, however, every time a DeFi protocol has announced its partnership with Band,...Read More
Once among the market’s top-10 cryptocurrencies, Tezos has steadily fallen on the charts to rest at 17th on CoinMarketCap’s list, at press time. In fact, the market cap for Tezos has dropped from a peak of $3.065 billion in August 2020 to $1.584 billion in October. Despite such a drop in market capitalization, however, investors...Read More
The crypto-market, at press time, appeared to be in a consolidation phase following a massive Bitcoin move to the downside yesterday. EOS, particularly, was noting a decline in its bearishness, while bulls in the Ontology and Maker markets appeared to struggle in warding off a second wave of selling pressure. EOS Source: EOS/USD on TradingView...Read More
Every quarter of the year 2020 has posed a new problem for the cryptocurrency market. With the last quarter now underway, it would seem that the problem in question has surfaced sooner than usual. This, after American regulators entered the game once again and caused panic to seep into the market. After charges against BitMEX...Read More
BitMEX recently noted 32,200 Bitcoins withdrawn, nearly 19% of the exchange’s Bitcoin vault. However, BTC did not cede ground at $10,500, a development that was a sign of resilience and a maturing market. Tron‘s bulls have their work cut out for them as the longer-term bearish momentum stifled their attempts at recovery. Waves could also...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in XRP’s long-term market and its impact on the price Another blow was recently dealt to the cryptocurrency market after Bitcoin’s fall, with the altseason delayed yet again despite the fact that many expected it to arrive sooner rather than later. So was the case...Read More
Most of the market’s altcoins registered decent price recovery towards the end of September. Over the past 24-hours, however, in response to Bitcoin’s negative momentum, the crypto-market tumbled again, wiping out most of the gains made previously. Interestingly, at the time of writing, the bearish sentiment for the market’s altcoins seemed to be nearing an...Read More
The crypto-market’s losses did not end with September, with the month of October noting further losses. In the short-term, many crypto-assets on the charts were dominated by bears. Stellar Lumens was among them as its every bounce was met by selling pressure. BAT was unable to shrug off bearish pressure too as it fell through...Read More
On the question of asset allocation, fund managers are spending more time looking for avenues to park funds, rather than assets for investing in. DeFi has proven to be a rather attractive avenue for parking funds. Investors look for capital efficiency as that is the driving force behind management fee cuts in traditional finance and...Read More
Let’s be honest – 2020 is not going the way you thought it would. If you had taken a look at the calendar before the start of the year, what would you have reckoned would be the monthly volatility of Bitcoin? How do you think the largest cryptocurrency in the world would’ve navigated what was...Read More
Ethereum generally leads the direction of the altcoin market, and a bearish Ethereum meant trouble for a majority of the market’s altcoins. Chainlink failed to hold on to the important zone at $10 and $9.5 and could be set to slide lower on the charts. Synthetix dropped after forming a bearish pattern while Verge lost...Read More
Since the final quarter of the year 2020 began a few days ago, the cryptocurrency market has been dealing with high volatility and some unexpected losses. While the altcoin Chainlink [LINK] was recording YTD returns of 373% for its investors at press time, LINK has been noting significant losses for its traders over the past...Read More
The first of September saw a market-wide sell-off and the first of October saw some selling pressure throughout the market as well. At the time of writing, Bitcoin Cash was trading between two important levels and appeared bearish in the near-term. Further, Cosmos could test a level of support over the next few trading sessions,...Read More
September was the first month in Ethereum’s history when transaction fees surpassed the subsidy. In fact, miners made more from fees than from block rewards. Source: The Block Further, the transaction fee as a percentage of total revenue has risen exponentially too. This is an interesting development, but the question is whether this is an...Read More
Despite developments that could have had a strong bearish impact on Bitcoin such as the Kucoin hack, BitMEX co-founders being charged by the CFTC, or the stock market drop following the U.S President’s positive coronavirus test, Bitcoin stayed strong above $10,500. However, the Crypto Fear and Greed Index stood at 40, suggesting fear in the...Read More
Cryptocurrency exchange, Coinbase announced in a blog today that it now offers “instant” withdrawals feature to its customers in nearly 40 countries including the US, UK, and more across Europe. While some users welcomed the move other coinbase traders complained about the platform’s high transaction fees. In fact, in the U.S., Coinbase deducts 1.5% from...Read More
Markets today experienced a day of persisting September selling pressure, after going through a short breather of some bullish sentiment yesterday. Following Bitcoin’s 24 -hour price dump from $10,900 levels to almost $ 10,400; Litecoin, Cosmos, and Dash also appeared to be highly bearish, with all three alts trading in red zones at press time....Read More
Romania’s National Agency for the Management of Seized Assets (ANABI) announced today that it would begin auctioning off bitcoin and ether, that were confiscated as part of an undisclosed fraud case. The starting price for 0.97 ETH is 1670 Romanian Lei ($ 401) and for 0.6 BTC – 30,535 lei ($ 7347). A local news...Read More
Since President Xi Jinping’s announcement last year to prioritize blockchain development in China, the country has been the first to launch its CBDC, created the BSN network, and applied for a record 4,435 blockchain patents. While these seem like big strides forward towards adoption, there is still a ban in place on trading cryptocurrency. The...Read More
The altcoin market has seen its fair share of ups and downs in the past week. In the past 24-hours Bitcoin’s price fell by over 3 percent and its impact has spilled over into the price action of coins like Polkadot and Monero which registered up to a 14 percent drop in the past day’s...Read More
Prominent cryptocurrency exchange Bitfinex announced the listing of yearn.finance [YFI] on 2 October. Although a bit late in the race of listing the governance token, Bitfinex noted that the deposits were now open, while trading and withdrawals for the same will commence on 3 October at 10:00 AM UTC. YFI on the exchange can be...Read More
For Bitcoin SV, a quick turnaround above $165 has turned into a sad drop under $160 yet again. Possibly due to the high correlation with Bitcoin and its price drop due to the BitMEX mess, BSV suffered the recent decline. However, the analysis suggested that the markets were also identifying tell-tale signs of a fallout...Read More
Bitcoin mining is a fairly simple activity from a first-principles economics pov. All other activity in the network is complementary and based on this principle and if Bitcoin had no one but its community of miners, it’d still survive. However, mining is misinterpreted by most. Hashrate influences price or hash follows price. Neither of these...Read More
Cryptocurrency exchange Coinbase UK will disclose customer data to the HMRC (or Her Majesty’s Revenue and Customs) which is the UK’s tax authority, in response to the British tax authority’s legal notice, according to a crypto tax alert published on twitter. 🚨 UK Crypto Twitter: Coinbase is providing information about your accounts to the HMRC. This...Read More
Bitcoin futures open interest on CME has dropped following the drop in spot prices across exchanges. However, the drop started on September 15, with a recovery last week, and it has continued. Though open interest and trading volume on derivatives exchanges doesn’t have a direct impact on the price, it has an impact on institutional...Read More
The much-anticipated digital Euro is in the news again as a member of the Executive Board of the European Central Bank, Fabio Panetta, announced in a blog today that Europe “must prepare to introduce a digital euro to complement its cash payments.” Acceptance of a digital euro by the public is crucial, writes Executive Board...Read More
As the collective digital asset industry stepped into Q4 2020 with a bearish tune, Binance Coin suffered quite a significant drop. With the price consolidating near $30 on 30th September, a quick turnaround led to a decline to $25.8. While over the past few hours, BNB has bounced back to $26.46, the volatility in the...Read More
The Bitcoin market witnessed a strong blow as the BitMEX’s co-founders were charged with money laundering violations among other charges by the Commodity Futures Trading Commission [CFTC]. While in a separate indictment, the U.S. Attorney filed a criminal action against its owners Arthur Hayes, Ben Delo, and Samuel Reed. Although the owners maintained their stance...Read More
