The altcoin market has always mirrored the price movements of Bitcoin. The previous week was witness to a similar situation, with XRP’s value dropping by over 20 percent since the start of the month. However, in the long run, the crypto may note a bit of bullish momentum as it has been trading around the...Read More
Despite the fact that Binance Coin was highlighted as being undervalued in a recent report, BNB was trending strongly upwards, at the time of writing. On the contrary, EOS lacked momentum in either direction, as was the case with Compound. Binance Coin [BNB] Source: BNB/USDT on TradingView Binance Coin had resumed the strong uptrend it...Read More
The first 10 days of September have been eventful, setting the tone for the rest of the month. Huobi Futures, the crypto-derivatives market of the Huobi Group, rolled out BTC Options trading on 1st September, and within 10 days of the launch, BTC Options Open Interest had soared by 110%. Source: Skew At the same...Read More
Bitcoin was trading beneath its $10,400 resistance level, at press time. If it manages to reclaim the level as support, it could surge north to $11,200, dragging with it the rest of the market. Further, while Ontology’s demand surged on the back of earning WING tokens, Dogecoin showed signs of bearishness and looked to be...Read More
2020’s last quarter has seen the cryptocurrency market navigate a series of rallies and corrections. Even though Bitcoin [BTC], owing to its position as the world’s largest cryptocurrency, has grabbed most of the market’s attention, another altcoin has marched its way into the market’s top 10, one conceived as an alternative investment to BTC during...Read More
The market’s ranking of the world’s top-10 cryptocurrencies by market cap has seen a host of changes over the past few months owing to a series of mini-rallies and corrections. For instance, apart from the top two positions, the remaining altcoins have all switched positions from time to time on CoinMarketCap’s ladder. Binance coin [BNB]...Read More
When the markets collapsed in March, many thought it would be years before the pre-pandemic highs were revisited. After all, the bull market which gave the S&P500 a high of 3,500 points had been playing out uninterrupted for close to a decade. Fast forward six months since the worst stock market drop since the Great...Read More
While Bitcoin had been threatening to fill the CME gap at $9,600, at the time of writing, it seemed like BTC might stay clear of the gap, with the cryptocurrency trading under its resistance level at $10,400. Bitcoin SV could be headed south to touch its support level, while Algorand showed signs of consolidation above...Read More
After having registered a substantial drop in value earlier this month, Bitcoin Cash has seen its price consolidate over the course of the past week. In accordance with what was expected of the altcoin market, Bitcoin’s drop below $10K had triggered a significant amount of bearish sentiment for coins like Bitcoin Cash, especially in the...Read More
The SushiSwap episode is a gift that keeps on giving, and not in a good way. From creator “Chef Nomi” liquidating his SUSHI holdings (Until he realized he f*cked up) to pass control to FTX CEO Sam Bankman-Fried, to the freefall the token soon found itself in (SUSHI fell by over 70% in its immediate...Read More
Bitcoin’s potential use cases have evolved a lot since its launch over a decade ago, with quite a few factors contributing to the same; scalability being one of them. Interestingly, in a bid to boost Bitcoin’s scalability as a payment solution and to improve on its security features, the Lighting Network was once pitted as...Read More
Ethereum flipped a level of resistance to support, after rising from the lows of $320 on the charts. Even in combination with Bitcoin’s resolute hold so far on $10,000, the Crypto Fear and Greed Index was reading 41, a sign of fear in the market. While some altcoins struggled to shrug off bearish pressure in...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Litecoin’s long-term market and its impact on the price The digital silver, Litecoin has been stuck under the $50-level for the past few days now, with its immediate resistance on the charts marked at $49.68. While the downward pressure in the...Read More
Stellar Lumens showed signs of beginning an uptrend and combined with Bitcoin’s refusal to dip beneath $10,000, this could be bullish for XLM. Cosmos on the other hand lacked momentum in either direction and appeared to be consolidating at an important retracement level. Crypto.com Coin spiked upward but was yet to show if could continue...Read More
Co-founder and CEO of Coinbase, Brian Armstrong recently shared, in a twitter thread his thoughts on Apple’s App Store restrictions that do not allow iOS users to earn money using cryptocurrency. The CEO also made claims that Apple told Coinbase that it was ’not appropriate’ for the App Store to allow iOS customers to use...Read More
Innovator and co-founder of Morgan Creek Digital, Anthony Pompliano, announced the launch of a new fund structure that would allow “investable entities” who could also use that money to fund other opportunities. Today I’m announcing the launch of a new early-stage venture fund 🚨 You can read more here, including how any accredited investor can...Read More
The Bitcoin spot market may be wrestling with the resistances and support, but synthetic Bitcoin tokens have been increasing. According to reports there were over $700 million worth of synthetic bitcoin tokens circulating on the Ethereum blockchain and Wrapped Bitcoin [WBTC] commanded a large number of coins amounting to almost 63%. WBTC has been witnessing...Read More
Singapore authorities have sentenced a man for robbing a Bitcoin investor of S$365,000 (U.S $267,097) in cash, to three years in prison, and 12 strokes of the cane yesterday, according to a report in The Straits Times. The accused, Jaromel Gee Ming Li, 29 pleaded guilty to engaging in a conspiracy to commit robbery along...Read More
Altcoins tend to mirror the price action of Bitcoin and such was the case in the past week. Most coins across the crypto market did note substantial losses as the price of Bitcoin dipped below $10k momentarily. However, in the past few days, altcoins such as XRP, Cardano, and Ethereum Classic seem to be in...Read More
The cryptocurrency market has been lead by the largest digital asset – Bitcoin through a correction phase. As Bitcoin suffered a massive blow, the sentiment among the traders is predominantly fear. However, as the market saw the first wave of sell-offs, the sentiment fell by over 40 points and flipped to “fear”. Source: Alternative.me The...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Ethereum short-term market and its impact on price. Ethereum [ETH] managed to surpass resistance at $360.13 and has been moving higher. With its current trading value around $367.48, ETH may have been approaching a trend reversal. Source: ETH/USD on TradingView The above hourly...Read More
“To everyone. I F#$%ed up. And I am Sorry”- The anonymous creator of SushiSwap took to Twitter to address the community. Chef Nomi announced on Twitter today that he regretted his earlier actions which involved selling all his SUSHI for ETH which the SUHI community had feared was an exit scam strategy. He further published...Read More
The rally is over and it is time for a correction. Ever since the beginning of September, the crypto market has been witnessing a long, overdue correction. This has resulted in the overall market cap to fall from $386.63 million to $334.28 million. Whereas the largest digital asset, Bitcoin has lost almost 13% of its...Read More
Bitcoin Association of Hong Kong, which includes over 5,000 Bitcoin-focused members, today announced that it would use donations to buy advertising spaces to post Bitcoin ads that would educate locals about the merits and risks of the premier cryptocurrency. According to the release, these Bitcoin ads will be displayed on three Bitcoin-themed doubledecker trams. Besides...Read More
Bitcoin’s dramatic value depreciation early in September had a profound effect on the rest of the crypto-market, with many of the industry’s altcoins following its lead to fall down on their charts. At press time Bitcoin is being traded for $10,293 and a $46.3 billion 24-hour trading volume. Source: CoinStats While the altcoin market has...Read More
For all the talk about an incoming altseason, the last few weeks have seen Bitcoin’s influence on the crypto-market become more and more apparent. Defying expectations, the world’s largest cryptocurrency fell incredibly on the charts, falling under $10K even.Soon, contrary to decoupling claims, most of the market’s alts followed suit, with many of them registering...Read More
After reporting tremendous gains during the rally, Ethereum has also succumbed to the correction setting in the crypto market. The second-largest digital asset has lost approximately 26% of its value in September, and this was one of its many problems. According to data provider Santiment, the ERC-20 market cap has ‘flippened’ the ETH market cap....Read More
The crypto-market has been going through some tough times lately. While many expected Bitcoin, the world’s largest cryptocurrency, to finally sustain a breach of $12k and climb on the charts, the opposite happened. BTC fell dramatically on the charts, and the rest of the altcoin market followed suit. The likes of Zcash, Binance Coin, and...Read More
Ethereum Classic Labs today announced a collaboration with cloud software solutions provider Storj Labs’s to increase the syncing performance of an Ethereum Classic node in a trustless manner using Storj’s blockchain-based cloud service, Tardigrade. ETC Core development team members believed that this partnership with Storj would also allow clients to take ownership of their data...Read More
Cryptocurrency exchange, Coinbase Pro announced today that it would list YFI, which is a token of decentralized finance (DeFi) platform, from 14 September onwards. Trading of YFI would begin from-15 September from 9 AM Pacific Time (PT) onwards, according to the release. Per Coinbase Pro’s trading rules, trading on YFI-USD order book is said to...Read More
