Chainlink was caught in a retracement that could extend further. After setting ATH recently, this is to be expected of Chainlink, especially when we consider well-known personalities such as Dave Portnoy tweeting about Chainlink and Bitcoin, and the FOMO he could have induced in the past weeks. BAT and ATOM maintained bullish momentum but showed...Read More
The Chicago Mercantile Exchange (CME) has climbed up the listings to rank in the top 10 derivatives exchanges. The volume and open interest from institutional heavyweights on exchanges like CME solidify Bitcoin’s mainstream acceptance. It fuels anticipation and liquidity on spot and derivatives exchanges for retail traders. The magnitude of the influence is debatable, however,...Read More
After a couple of days of bearish pullback, the collective crypto industry breathed a sigh of relief as major altcoins registered a minor uptick to keep pace with its overall bullish trend. Although bearish signals were still evident in the markets, the past 24-hours have highlighted a sea of green signals all across the board....Read More
A slowly sliding Bitcoin dominance is once again paving the way for altcoins to make gains in the medium to long-term timeframe. At the time of writing, Ethereum was trading at $406 after a drop over the weekend. Zcash experienced a 15% surge before falling to support. Stellar showed mixed signals on the short-term, and...Read More
Chainlink aka Link’s run from March to August has been good, especially in terms of its price appreciation. The cryptocurrency went from being valued at less than $2 in March to being overvalued at $20. This exponential rise came at a time when defi was soaring. In part, the defi craze has to be the...Read More
Ethereum’s recent decline seems to be in recovery considering the coin’s 5.3% surge in the last 24 hours. This surge comes as the price breaks out of a bullish pattern. This has larger implications of a potential surge ranging between 9% and 11%. Ethereum four-hour chart ETHUSD TradingView The chart showed ethereum’s descending parallel channel...Read More
Since its mysterious inception to being a well-known asset, bitcoin has come a long way. The bitcoin community, however, has moved from doubt to amusement to where it stands now, a fan, follower, etc. People have come into the community and stayed while others haven’t. The point is that the community has retained a few...Read More
Decred, Monero and Cosmos all registered big gains in the past few days. Monero could not hold on to levels it briefly claimed. Decred showed likelihood of testing support levels before a continuation of the previous uptrend. ATOM was ripe for a minor correction, and the next few days will reveal the strength of its...Read More
After consolidating for a good three weeks above $200, Bitcoin SV finally dropped below long-term support on 21 August. The depreciation seemed inevitable over the past week, as a consistent array of price drops led to BSV’s new price range. With a market cap of $3.67 billion, the asset is currently in close proximity with...Read More
After Bitcoin’s dip to $11,400, the crypto market saw red for many coins over the weekend. At press time, Bitcoin was staging a possible recovery upward priced at $11,760. Large-cap altcoins also saw modest price gains and some indicated that their pullback was complete, and the previous uptrend might continue. Litecoin was holding on to...Read More
Bitcoin Cash and Doge have spent August bouncing from support to resistance. At press time, both coins lacked momentum to force a big move up or down. The direction they are heading towards might be better gauged in the next few days. Ethereum Classic was able to defend support but did not offer anything else....Read More
Bitcoin dominance climbed from a recent low at 60.22 to 61.59 at the time of writing. The recent Bitcoin dip to $11,400 did major altcoins no favors, with a lot of red across the board. Some coins with excellent recent gains also dropped, such as TRON. Binance Coin might have also embarked on a short-term...Read More
Cardano enjoyed a bull run before other altcoins by surging ~890% in less than 5 months. Eventually, all altcoins joined the rally. While some surged more than others, LINK surged from less than $2 to $20 in the same time period. Like Link many defi projects and their tokens have done the same. Perhaps, the...Read More
Bitcoin sits well below $12,000 after its failure to breach the said psychological level. There are multiple factors acting in sync that has led to this particular outcome of bitcoin sliding lower. BTCUSD TradingView From the weekly chart, it can be seen that bitcoin’s $12,473 was the local top and also the monthly resistance. $12,473...Read More
Bitcoin was trading between $11,400 and $11,600 over the weekend. A lack of momentum in Bitcoin can sometimes make alts register big gains. and this might play out in the coming days in the case of Decred. Bitcoin SV has steadily been giving in to selling pressure throughout August, and more red could be in...Read More
Bitcoin sliding under $12,000 wasn’t surprising considering the number of failed taps at it. While this retracement is a healthy correction, it is uncertain to accurately predict what might happen in the future. However, there are theories and models that try to do exactly that. Bitcoin Four-Year Cycle Source: Twitter For instance, the “four-year cycle...Read More
Consider this – Exactly three months ago, the TVL locked in DeFi was well under $1 billion. At the time of writing, the same figure was closing in on $7 billion, with DeFi’s market cap north of $14.5 billion. The differential over the three months is just one of the metrics that tell us how...Read More
“Extraordinary claims require extraordinary evidence” This is the Sagan Standard, an aphorism made popular by astrophysicist Carl Sagan via Cosmos. It’s a pithy observation, one that applies to not just the greater realms of Science, but also to Bitcoin and the rest of the cryptocurrency market. This is especially so when it comes to an...Read More
Ethereum was sorting some issues with network congestion, while DeFi boom was seen driving demand for Ether. Ethereum might begin another rally as on-chain metrics become more sustainable. An Ethereum bullrun heralds good fortune for the altcoin market as well. At press time, Zcash struggled against selling pressure while Steem appeared to be on the...Read More
Altcoins were the talk of the town over the past few months, with the exponential growth noted by alts like Crypto.com Coin and Cardano stoking calls for an alt season. However, this sentiment seemed to have mellowed down at the time of writing as many of these altcoins were again noting strong correlation stats with...Read More
Bitcoin as an asset performed well under unforeseen market conditions. Most cryptos followed Bitcoin’s trend but not at the same pace. Bitcoin Cash spent months dithering before surging in late July to make up for its losses in March. VeChain, last month, saw wild returns before settling down to gather steam. Crypto.com had been marching...Read More
Times have been very confusing for Ethereum and its community members. As the second-largest cryptocurrency was recognized for its persistent growth despite a brief crypto winter. The growth was majorly contributed by DeFi tokens and stablecoins. Gas fees has been a major cause of concern for people transacting on the blockchain. Even though there have...Read More
In the past six months, the pandemic has gripped the world economy. Companies are going out of business, governments and banks have bleak projections for 2020-21 and are comparing the current financial meltdown to the great depression. Despite this, it has played out counterintuitively for the global financial markets. S&P 500 broke records hitting an...Read More
Ethereum has not only been the market’s second-largest cryptocurrency, but it has also been the torchbearer for many of its fellow altcoins. Even as Bitcoin succumbed to a month-long consolidation phase, ETH was until recently noting new highs, with its growth contributed to by sectors such as decentralized finance [DeFi] and stablecoins. However, this growth...Read More
If you had purchased $1000 worth of Bitcoin (0.13BTC) on 1 January 2020, it would be worth $1509.10 today. On the contrary, an investment of $1000 in Gold on the same day (0.65 oz) would be worth only $1277.10 today. Furthermore, if you had purchased $1000 worth of Bitcoin in 2013, your investment would be...Read More
When trading, many of the market’s traders have often observed a low correlation between Bitcoin and other global financial assets. That is interesting, but not unexpected since as a prospective store of value candidate it is supposed to be uncorrelated to a great degree. Here, it must be noted, however, that the correlation tends to...Read More
The Crypto Fear & Greed Index has been above 70 for the entirety of August, with the same showing an “extreme greed” reading of 78, despite the latest dip in Bitcoin’s price. Simply put, the crypto-market continues to remain bullish. This was the case with respect to many of the market’s altcoins as well as...Read More
Disclaimer: The following article should not be taken as investment advice. The findings of the same should be foreseeable over the next couple of weeks The bullish trend so evident in the early days of August is slowly starting to fade, with a majority of the market’s altcoins taking a dive on their charts. However,...Read More
Disclaimer: The following article should not be taken as investment advice and the findings of the same should be foreseeable over the next 24-48 hours XRP has struggled recently to keep its valuation above the $0.30 mark, with increasing sell pressure keeping the cryptocurrency’s value just under its resistance level on the charts. However, its...Read More
The latest dip in Bitcoin’s price has knocked back the gains of many of the market’s altcoins. Binance Coin and Tezos were just some of the alts to note such corrections. However, these price drops do not point to any reversal in trend yet and should be treated as healthy corrections in a bull market....Read More
