As one of the largest organizations managing crypto-investment trust funds for accredited and retail investors, Grayscale recently crossed the $6 billion-mark with respect to Assets under Management (AUM). That’s not all, however, as over the past few years, besides catering to institutional investors, Grayscale has also seen increasing retail demand for crypto-exposure through 401k savings....Read More
Disclaimer: The findings of the following article attempt to analyze the patterns emerging in the short-term Litecoin market and its impact on the crypto’s price Litecoin’s price has been trending lower and lower on the charts, ever since it registered a surge between 13 and 17 August. In fact, LTC’s price peaked at $69.15 on...Read More
Chainlink’s growth recently, especially in the month of August, has largely been parabolic, with many in the community under the belief that it may replicate Ethereum’s incredible price appreciation from 2017. It’s not hard to see why these people have these expectations as following its most recent surge, LINK shocked everyone after it climbed as...Read More
At the time of writing, Bitcoin’s dominance stood at 59.5%, with the same having fallen significantly over the past few months despite the fact that the world’s largest cryptocurrency climbed to new heights in 2020. This has been the case because many of the market’s altcoins have surged on the charts too. However, when Bitcoin...Read More
The last few months have seen the market’s altcoins perform exponentially, with many of them noting significant rallies on the charts, in direct opposition to the correlation they once shared with Bitcoin, the world’s largest cryptocurrency. The last few days, however, saw these alts moving in line with Bitcoin, with the latter’s move over $12,000...Read More
DeFi has been a widely talked-about sector over the past few months. This is not at all surprising in light of the fact that DeFi’s market cap has risen exponentially over the summer. A look at DeFi Pulse’s charts clearly underlined the rate of growth since the TVL in DeFi had risen to $6.69 billion,...Read More
Bitcoin may have a market dominance of over 55%, however, the effects of its movements aren’t always equal among the rest of the market’s altcoins. In fact, an argument can be made that lately, many of these alts have been taking an independent trajectory owing to falling correlation stats, one where their values aren’t defined...Read More
The cryptocurrency industry has been developing at quite a fast pace and this has helped change the outlook of investors and governments around the world about crypto. Although it will be naive to say that the world has accepted crypto, many nations have been inching closer to embrace it, one step at a time. The...Read More
Bitcoin’s price has been tumbling lower ever since it touched the yearly peak of $12,473 on 17 August. This sudden boost in the price of the largest digital asset garnered the attention of traders who were busy dealing in altcoins while BTC was in a consolidation phase. The Bitcoin futures open interest was sitting at...Read More
July 27 was the last time Bitcoin SV registered a position below $200 and hence the most part of August can be considered positive, even though highly volatile. The volatility cannot be blamed since it has been prevalent throughout the industry but over the past few days, Bitcoin SV finally seems to have gone into...Read More
Digital assets are not taken lightly any longer. Many businesses are forming around it and the use of blockchain and crypto is developing every year. Now Bitcoin and Ethereum are the flag bearers but a majority of the public still fails to distinguish between Ethereum and Ether with clarity. Yes, the general crypto public is...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Ethereum short-term market and its impact on the price. After a great boost in price, major cryptos have been observing a slow movement in the market this week. Bitcoin and Ethereum were trending lower on the price scale. Ethereum’s value despite the minimal...Read More
Bitcoin‘s market price is under a transitional period and the same can be said for the market sentiment at the moment. Correlation is a huge part of the market and any price movement often changes the metric which leads to important alterations. The asset’s price recently topped at $12,500 and it led to an interesting...Read More
Until the previous year, most major nations were up in arms about the launch of the social media giant, Facebook’s stablecoin, Libra. However, after a year we have noted an uptick in the attention paid to not only cryptocurrencies but also to stablecoins. The stablecoin supply has reached 10.116 billion coins, among which Tether [USDT]...Read More
Bitcoin, the world’s premier cryptocurrency, despite its most recent failure to sustain a breach of the $12k level, was continuing to consolidate and strengthen its position on the charts. At press time Bitcoin was being traded at $11,840 with a 24-hour trading volume of $8.3 billion. Source: CoinStats BTC’s movement, however, didn’t have a uniform...Read More
Ethereum‘s price fell below $415 recently, and in doing so, it took the crypto-asset lesser time than it took when it was looking to climb that elusive range. While the crypto-asset was back above $400 at the time of writing, the latest price collapse in ETH’s value was far from surprising. Only a week ago,...Read More
After having remained below the $10k-mark for a long time, Bitcoin’s price was able to overcome the resistance, before briefly surging past $12k recently. While Bitcoin did note a minor correction on the charts over the last few days, the coin’s price action remained promising. At the start of the year, most commentators had agreed...Read More
Although not by a lot, both Binance coin [BNB] and Ethereum Classic [ETC] were showing small bullish potential, at the time of writing. However, it was too late for VeChain due to the formation of a bearish divergence. Binance Coin [BNB] Source: BNBUSD on TradingView Binance’s native coin on its native blockchain has had a...Read More
Disclaimer: The findings of the following article attempt to analyze the evolving patterns in Chainlink’s long-term market and its impact on the price At the time of writing, the crypto-market had begun correcting, with many of the market’s major cryptos dropping in value over the past couple of days. Chainlink [LINK], while it managed to...Read More
Bitcoin has emerged to become synonymous with cryptocurrencies, especially to people who are new to the field. Often on introduction to Bitcoin, there have been many direct comparisons with traditional assets and precious metals. After nearly a decade of existence, Bitcoin seems to be proving itself to be a safe-haven asset. However, shouldn’t it be...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is strictly the opinion of the writer. These findings should materialize within the next 24-48 hours. Bitcoin rejoiced when it breached $12,000 to touch $12,400. However, such relief was very short-lived as soon, a massive correction of $1000 pulled...Read More
Tezos is being given a lot of attention lately by a specific few traders, most of whom expect huge returns, very much like LINK. In fact, this optimism is not misplaced, but is backed by XTZ and LINK’s lack of correlation with Bitcoin, the world’s most dominant cryptocurrency. Regardless, XTZ does have some potential for...Read More
The price volatility that emerged in the market towards late-July seemed to have paved the way for a variation of an altseason. While the market’s small-cap crypto assets were outperforming everyone else, mid-cap assets were not far behind on the charts. Tron [TRX] Source: TRX/USD on TradingView The Tron Foundation recently released its decentralized swap...Read More
The value of Bitcoin was noting a surge of 62% in YTD, with the world’s largest digital asset being traded at $11,767, at the time of writing. With the cryptocurrency climbing on the charts, it has grabbed the attention of investors and traders across the board, many of whom are expecting a major bull run...Read More
The past few days have seen the price of Bitcoin undergo yet another correction on the charts, one resulting in the world’s largest cryptocurrency’s value dropping by over 7 percent. While Bitcoin continues to stay afloat over its $11k resistance, the altcoin market has not been immune to the former’s price movement. During the past...Read More
Ripple Foundation with CEO Brad Garlinghouse believe in the future of cryptocurrency, so we make the largest airdrop on history for 100,00,000 XRP – Visit: www.xrpgirft.org Yeah, that’s how the latest “XRP giveaway” introduces itself. Like many in the past, the latest XRP giveaway scam on YouTube claims to be genuine, with its ‘live stream’...Read More
Ethereum has been on a wild ride over the past couple of weeks and has been outperforming the largest cryptocurrency, Bitcoin. After an extended period of consolidation, ETH has witnessed a stellar rally of around 88% rising from $236.97 to $445.4 within a month. These gains have been often linked with its correlation with Bitcoin,...Read More
Bitcoin SV lost recent gains after Bitcoin dipped to $11,600 from $12,500. However, Bitcoin SV might be able to sustain a move upward. ATOM showed signs of weakness in the market as bearish momentum seemed to gain traction. Synthetix was trading just above its support and endure some short-term price loss before resuming its prior...Read More
Bitcoin has been called a lot of names and has been through a lot of phases as well. With where it stands, it can be safely called a store of value and internet money that can be transferred p2p. At press time, Bitcoin continues to remain well over $11k with a trading price of $11,813...Read More
XRP and ONT both moved significantly in response to Bitcoin dipping to $11,600. FTX Token had already been experiencing appreciable price fluctuation. XRP looked precariously perched, trading near a significant level but seemed poised to drop. The longer XRP failed to reclaim its nearest support, the stronger the case became for XRP bears. Ontology had...Read More
