Ethereum neared a level of resistance while forming a bearish pattern. Longer time-frame analysis showed that the asset appeared bearish. VeChain continued to form higher lows and though it lacked momentum at the time of writing, the next few days could see a rise for VET. Maker showed signs of bullishness and could seek to...Read More
Bitcoin’s multiple failed attempts to hit the $11,000 in the last week shows the lack of buyers’ momentum. In fact, the last time bitcoin hit $11,000 was when it fell from its local top at $11,100. Recent on-chain data suggests buyers might be ousted as short-sellers are racking up. Buyers Vs. Sellers The long to...Read More
Polkadot could face significant levels of resistance in the coming trading sessions that might prove too strong for DOT to surmount. Dash was unable to flip a level of resistance and was likely headed for a drop towards its support. Tron showed strong signs of bearishness in the near-term. Polkadot [DOT] Source: DOT/USDT on TradingView...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on price. Like the uptrend in the Bitcoin market, the Bitcoin cash market has also been witnessing an upwards trend. The value of the digital asset has been surging over the past few days, with some...Read More
Bitcoin inflow to exchanges has dropped to record levels and as demand/ supply also continues to drop this may be the calm before the storm, however, inactivity on spot/ derivatives exchanges can be explained by Bitcoin’s volatility level. According to Bitcoin’s 60-day volatility chart by Willy Woo, Bitcoin’s volatility has dropped to the 2019 level....Read More
Bitcoin made another attempt at $11,000 but couldn’t reach past $10,856 before facing rejection. At press time the coin was being traded at $10,727 after having seen a minor hike of 0.33 percent in the past 24-hours. Source: CoinStats Litecoin surged above a level of resistance and could continue to rise in the coming hours...Read More
A new survey by the Royal United Services Institute and ACAMS seems to have ruffled a few feathers, while also strengthening few of the market’s prevailing narratives. The survey found that a majority of the respondents associated with either the government or financial institutions, private or otherwise, think of cryptocurrencies as a risk, rather than...Read More
With the world’s largest altcoin Ethereum priced above $350, at press time, major cryptocurrencies now appeared to be less conflicted with their price recovery. At the same time, Tezos and Stellar Lumens continued to improve from their weekend valuations, as a bullish market momentum resurfaced for the two altcoins. DigiByte, however, had witnessed a dip...Read More
Popular San Francisco-based crypto-exchange, Coinbase, announced today that eligible users can now earn 5% APY on their Cosmos (ATOM) held on the platform, according to a press release shared with AMBCrypto. The announcement follows the launch of staking rewards for Tezos, which were made available to customers in the U.S, U.K, France, Spain and The...Read More
Cardano showed a bearish divergence on the charts that played out in the near-term and saw the price drop toward $0.1 once more. Monero registered some selling pressure beneath an important level of support. Algorand showed signs of bullishness and could be set to register good gains in the coming days after a break out...Read More
“We simply attempt to be fearful when others are greedy and greedy when others are fearful” Warren Buffet’s quote may sound like a cliche when discussing risk management in a crypto portfolio, nevertheless, it is true. Recently, on-chain analyst @DaanCrypto suggested risk management techniques for crypto traders in a long twitter thread. Source: Twitter While...Read More
Chainlink appeared to be in a phase of consolidation, although the price could also suffer a minor drop. Cosmos was perched on a level of support, and can be expected to rise higher after breaking out of a bullish reversal pattern. Dogecoin continued to trend lower, as it has done since its huge pump in...Read More
Time and again, the digital assets industry has witnessed a domino effect. In case you missed it, on 21st September, Bitcoin’s price declined by 6.46%, falling from $10996 to $10286. A little recovery was observed on the 22nd, but on the 23rd, the asset shaved another 3.82 percent. The bearish floodgates in the crypto market...Read More
Cryptocurrency exchange KuCoin’s hack has been the talking point of the week, with the culprits involved later making headlines after they tried to move the stolen crypto onto several decentralized exchanges. The hack and its perpetrators are in the news again today after Whale Alert revealed that part of the stolen funds, including a lot...Read More
This year witnessed close competition between major assets raking in great profits. However, the actors who also contributed to the smooth transfers of most major cryptos were stablecoins, which have also witnessed exponential growth in the year 2020. The total volume of stablecoins in circulation has reached $20 billion, as USDC carves a higher share....Read More
Polkadot, VeChain, and Basic Attention Token all exhibited bullish patterns or demand from buyers and could be set to surge in the near-term. However, Bitcoin’s inability to rise past $11,000 and $11,200, accompanied by a rising Bitcoin Dominance, could spell more losses for altcoins in the coming weeks. At press time BTC was trading at...Read More
The Bitcoin market surged over the weekend and in turn, helped its hard forks to also witness a brief boost in price. At press time, most alts were witnessing an attempt towards recovery but it may take sometime as the fall that was visible in Bitcoin’s market was 2.41%, which was intensified in the altcoin...Read More
While most of the coins were undergoing a period of recovery in the past few days, the enthusiasm was lacking on Litecoin’s side. The asset has been unable to carve a bit of distance from its support at $45, staying close to the price range. With a 24-hour change of -2.5%, Litecoin had a market...Read More
In what seems like a perfectly normal day in the defi landscape, another project was exploited. Andre Cronje’s gaming project – Eminence was pre-launched without his knowledge and a bug in the ecosystem was exploited that cost its users $15 million. This, coupled with low defi volumes, and a few other things indicate that the...Read More
Over the past 12-hours, Ethereum has dropped below the resistance at $360 in the charts but continues to consolidate within close proximity to $357. At press time, the asset seemed to hold its own but it might face a minor bearish pullback if the price pattern takes a decisive turn. With a trading volume of...Read More
After three weeks of a bearish market, a few digital assets had witnessed noticeable uptrends towards the end of the third quarter of 2020. Maker, claiming its place consistently in the green zone, witnessed a price surge of almost 20 % in the last one week. The digital asset was recently in the news, as...Read More
Comparison between Bitcoin and the U.S dollar is an unavoidable plot in the current financial industry. With the increased interest in the Bitcoin market, the asset is currently more defined and credible than in the past and its movement has often been the bud of many discussions. With the U.S dollar index recently rising, an...Read More
Disclaimer: The following article attempts to analyze the emerging pattern in the XRP short-term market and its impact on price. The third-largest crypto, XRP has reported a surge in price over the weekend. This could also be seen in the Fibonacci retracement levels marked for the given period. The coin’s chart shown below marked the...Read More
The International Blockchain Monetary Reserve (IBMR), a microfinance economic development agency, today launched what it claimed to be the world’s first “microequity” exchange – MESE.io. According to a press release sent to AMBCrypto, the platform, which runs on the Algorand blockchain protocol and ChainUP’s cloud exchange technology, will allow users to trade global tech stocks...Read More
Binance Coin shed value in early September but the bulls were out in force as they drove the price steadily upward. IOTA showed a strengthening upward trend and Zcash showed signs of bullishness in the near-term. Most altcoins, including IOTA and ZEC, have been trending downward since August, so their bullish momentum might be short-lived....Read More
Lately, there seems to be a lot of good news when one looks at the on-chain metrics for Bitcoin. Earlier the price briefly moved above $11K but fell back down to $10,700 as of Tuesday morning – the price moving seemingly in tandem with the stock market. Bitcoin: Glassnode Network Index Source: Glassnode As per...Read More
Bitcoin surged briefly to $10,900 but faced selling pressure and dropped back to $10,690 at press time. This drop also caused major altcoins to face a minor, yet quick drop. Bitcoin Cash dropped from $230 to $225 but showed bullishness in the near-term. Dash experienced a drop but it was likely to be followed by...Read More
With defi frenzy coming to palpable levels, all seemed well until a new project by Andre Cronje went awry. This has resulted in a loss of $15 million in funds, out of which $8 million was sent to Cronje’s yearn deployer account as a “sorry” note. Eminence is/was an unfinished game with an in-game economy...Read More
Members of the Young Entrepreneurs Network Africa in Nairobi, Kenya are developing the YENTS stablecoin, a native token of the entrepreneurs’ Network which is expected to launch in November this year, according to the report. YENTS token will be pegged to the Kenyan shilling or equivalent US dollar amount, on a one to one basis,...Read More
Ethereum’s long-term outlook seemed bearish, at the time of writing. In fact, the price might drop by 20-30% as this bearish pattern develops on the charts. Interestingly, this might coincide with Bitcoin’s movements as well. Here, it should be noted, however, that this is all happening on a weekly time frame, and hence, it could...Read More
