As the rallying market came to a grinding halt over the past week, most cryptocurrencies recorded corrections on their charts. The impact of the downtrend suffered by the Bitcoin market was also shared by its hard fork, Bitcoin Cash [BCH], as well as other major cryptos in the market, including the likes of IOTA and...Read More
Tezos, the cryptocurrency ranked 14th on the charts with a market cap of $2.38 billion, has been hurt following the token’s recent depreciation. The fall in question was worth around 26%, with respect to the price’s press time position at $3.29. There are two trades that can be taken here; the first is the short...Read More
Sygnum, a digital assets bank in Switzerland announced in a release that it enabled the world’s first e-commerce transaction that involved using a stable coin. The transaction took place on the shopping site Galaxus which is one of the biggest retailers in Switzerland. The stablecoin which is known as DCHF or Digital Swiss Franc was...Read More
The selling pressure bearing down on Bitcoin seemed to be exceptionally high, at the time of writing. Since the end of July, Bitcoin has now re-tested its support at $11,400-$11,200 more times than it has breached $12,000 on the charts. With every passing day, bullish momentum has lagged in terms of intensity and with altcoins...Read More
Disclaimer: The findings of the following article should not be taken as investment advice and the latter is the sole opinion of the writer Bitcoin has been under immense bearish pressure lately. For the 2nd time in a week, Bitcoin tested its support line at $11,361. In fact, it was also observed that Bitcoin had...Read More
China is in the news a lot. Whether it be Bitcoin, a trade war, or a pandemic, a closer look usually reveals that much more is happening under the hood, especially when it comes to all things crypto-related. In addition to altcoin trading or trading in general, stablecoin transactions are also highly concentrated in China....Read More
The cryptocurrency market has for long been eagerly waiting for an opportunity to participate in a rallying market, especially since the Bitcoin halving in May. Now, it would seem that it has finally got this opportunity. At the time of writing, the market was noting a rising number of BTC holders, especially among whales. In...Read More
Synthetix is the only bullish crypto among the likes of Ethereum and Maker, with the latter two pointing to a bearish retracement on the charts soon. Ethereum’s development has been slow. However, altcoins like Synthetix and Maker are playing a crucial role in DeFi – a budding ecosystem. Ethereum [ETH] Source: ETHUSD on TradingView Stuck...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Chainlink’s long-term market and its impact on the price The last few weeks have contributed to the crypto-market noting a rally and later, a correction. Chainlink [LINK] has proven to be a popular altcoin lately, with its low correlation with the...Read More
With the present market overwhelmingly bearish, many major altcoins seemed to be struggling to hold their high valuations on the charts as a series of corrections ensued. While the decline has remained minimal over the last 24-hours, the charts of a few crypto-assets seemed to suggest that further downtrend movement could follow in the coming...Read More
The cryptocurrency market witnessed a slow week. The values of major crypto assets were witnessing corrections. However, on one hand, where major assets were reporting only 9% gains in August, small-cap assets were up by more than 50%. XRP Source: XRP/USD on TradingView The XRP market had been deprived of volatility since the second-half of...Read More
The rise in volatility has made the cryptocurrency market a very competitive space as every coin strives to make the most of the active market. Bitcoin, the largest digital asset has been also a spectator of sudden volatility pushing it to a yearly peak of $12,400 on 17 August. After the sudden boost in volatility,...Read More
Bitcoin was trading beneath its support zone at $11,400 while Ethereum also dipped to support at $371. The weak performance of these giants prompted other coins to follow suit. Zcash and EOS have also been caught in a downtrend and showed no signals of reversing the trend. Algorand showed a possible bull pattern but it...Read More
Ethereum Classic has dropped sharply since rising above $7.5 almost two weeks ago. It signaled that a further decline in price could occur. Monero also failed repeatedly to hold on to support levels. Monero could lose 10% in value over the next few days if its immediate support fails. Litecoin had also been sliding in...Read More
XRP fell 6.80 percent on 25 August. The collective altcoin market noted a depreciation of $12 billion which summed up the recent bearish episode of the August crypto cycle. As the month draws towards a conclusion, the valuation cycle seems to be coming full circle as some of the assets were potentially looking at 20-30...Read More
Cardano’s surge, like most altcoins, seems to have come to standstill. The price of ADA has dropped approximately 23% in the last week and 6.7% in the last 24 hours. Cardano 1-hour chart ADAUSD TradingView At press time, ADA was trading at $0.1140, and, by the looks of it, it might slide lower in the...Read More
The 24-hour chart marked one of the strongest correction periods for the collective cryptocurrency space in August. Bitcoin re-tested its support range from $11,400-$11,200 at press time. Taking the king coin’s cue, its forked cousin Bitcoin Cash followed behind and depleted towards a critical range as well. At press time, Bitcoin Cash was valued at...Read More
Lately altcoins have been the talk of the town. From ICOs to defi tokens, altcoins are plenty in number and perhaps Asian traders are to thank for that. FTX is well-known for its listing of new tokens and so is Binance, which listed Nexus Mutual token earlier today [NXM]. (Any common thread you recognize there?)...Read More
Since the start of 2020, Bitcoin market cap dominance has been challenged valiantly by the altcoins. Their performance, led by the likes of Ethereum, Chainlink, and Cardano, cannot be undermined, and neither can DeFi’s growth be ignored. Source: Arcane Research According to Arcane Research, Bitcoin’s dominance is currently at a yearly low since amassing a 70%...Read More
The period of altseason has been predicted by many and there has been growing interest visible for crypto. Binance recently added Indian Rupees [INR] on its peer-to-peer trading platform to attract Indian traders but the payment method still posed a problem. On 21 August, Binance added 58 new payment methods, and India’s e-commerce payment system...Read More
Altcoin prices were making a comeback this week, while Bitcoin and Ethereum price trends were mixed. Among the top 25 altcoins by market capitalization, only 7 showed positive 24h change in their price. Altcoins with large market capitalization may slow down the ongoing rally. On Deribit (an exchange that commands over 70% of open interest),...Read More
Binance Coin made gains in the past few hours and looked to have reclaimed a support level. Whether this is successful will be revealed in the next few sessions of trading. BAT was retracing gains made during the recent surge. TRX dropped in value almost as quickly as it gained, and it indicated further bearishness....Read More
Bitcoin registered another drop to $11,100 and Bitcoin mining difficulty hiked by 3.6%. Most of the altcoin market followed Bitcoin into the red zone and saw a continuation of the downward trend. Source: Coinstats Bitcoin SV and Tezos set lower highs and could test support. ATOM had been making gains before Bitcoin’s dip and looked...Read More
Bitcoin volatility gained momentum in late July when its price marked a new yearly high above $12k. However, BTC has shed 6.61% of its value since and was witnessing tremendous selling pressure from traders. At press time, BTC value had dipped to $11,493, while BTC futures on BitMEX worth $7.7 million were getting liquidated. According...Read More
In the long-term, multiple metrics seem to suggest Bitcoin will command a price in the 6 figures. However, short-term analysis saw Bitcoin fail to break past $11,800 and could be set to drop back to $11,300. Source: CoinStats The major altcoins also show some indecision and bearishness. Binance Coin indicated a possible drop of almost...Read More
After volatility hit the consolidating market of Bitcoin, the value of the asset was driven to a peak of $12,473 on 17 August. However, ever since the traded value of the asset has remained in the mid-$11k level. At press time, BTC was valued at $11,586 with a high correlation coefficient of 0.4751 with the...Read More
Cardano has been moving steadily along its long-term development plan, launching Shelly last month while the Ethereum Classic network had revamped its security measures to prevent further attacks after exchanges lost millions in a recent 51% attack. In the short-term, Cardano and XLM are in a downtrend, while ETC showed little momentum either upward or...Read More
Disclaimer: The following price prediction should materialize in the next couple of weeks. Ethereum recently broke back above $400 but doubts continued to surface as the price fell below the resistance again. The bearish pressure has been prevalent but over the long-term, once the pressure subsides, ETH is still at the right place in terms...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Litecoin short-term market and its impact on price. Bitcoin’s price taking a downward route has forced most altcoins to similarly on the charts. Among these alts was Litecoin [LTC] which is also referred to as the digital silver. LTC lost 11% of its...Read More
After peaking at $447 on 17 August, the price of Ethereum has been moving lower. As ETH was currently being traded for $396, its miners were witnessing a sharp decline in their revenue as the Ethereum fees dropped by almost 80% from its all-time high on 22 August. The DeFi hype had maintained higher gas...Read More
