Binance Coin now finds itself on the fringes of the top-10, occupying the 10th spot owing to the consolidating movement of the new entrant Chainlink following its recent surge. With a market capitalization of $3.15 billion, the exchange token is only a few million ahead of Crypto.com in eleventh with a market cap of $3.11...Read More
Bitcoin, the world’s largest cryptocurrency, seemed to be on a break at the time of writing, with BTC consolidating its position on the charts, rather than attempting to breach its psychological resistance of $12,000. At press time, BTC was trading at $11,694 and noted a 1.47 percent price hike in the past 24-hours. Source: CoinStats...Read More
As the largest cryptocurrency in the market, Bitcoin has been an important asset for traders. As soon as the coin broke out of its dormant stage, the BTC market saw interest flooding into the market. However, Bitcoin’s spot market has been losing a lot of volume over the past week, largely owing to the fact...Read More
Bitcoin has been around for over a decade now and one of its key features that solved the double-spend problem was its consensus algorithm – Proof of Work. Since then, however, PoW has come under increased scrutiny from many camps and with the likes of Ethereum transitioning towards Proof of Stake, there are many who...Read More
Although the journey for many altcoins in the market has been rough and volatile lately, Chainlink has continued to register high returns across the market. Given its weak correlation with the world’s largest digital asset, Bitcoin, LINK has been spiking more than any other major asset in the market. In fact, LINK was recording gains...Read More
There is a lot happening within the Ethereum ecosystem. Although Ether’s value has struggled to break above $400, at the moment, the network is witnessing astonishing levels of activity. However, the balance in the Ethereum space did not seem completely right as while a few metrics flashed warning signs, others were noting new highs. Source:...Read More
The beginning of the week saw many of the market’s cryptos struggle under pressure. While most of these cryptos followed Bitcoin’s trend of falling prices, other small altcoins acted independently and registered price surges of their own. The changing tide in the crypto-market once again highlighted the weak correlation between Bitcoin and small-cap assets since...Read More
Disclaimer: The findings of the following article should materialize over the next few hours. Also, the following information should not be considered as investment advice Bitcoin’s decline down to $11,133 on 11 August damaged its consolidation above its previous support line at $11,618. The downtrend was significant, dropping down from a high of $18,410, all...Read More
Bitcoin’s steady consolidation above the $11,000-mark has come as a relief for many who were waiting on their heels for the world’s largest cryptocurrency to finally post some gains on the charts. However, BTC’s fortunes weren’t exactly shared by the market’s altcoins as soon after hitting their respective local tops, many of them fell, including...Read More
Tezos came very close to hitting an all-time high after XTZ’s price surged by over 13 percent in just 24 hours. Since the start of July, the price action has been very promising for Tezos and this has since almost doubled. While XTZ’s price has seen a few ups and downs lately, strong bullish momentum...Read More
Two of the market’s top cryptocurrencies, Bitcoin [BTC] and Ethereum [ETH], have been witnessing a strong surge in their values over the past few weeks. This week, however, the BTC and ETH markets appeared to be taking a break as the overall percentage change in the value of the top two crypto-assets was just 5%...Read More
Bitcoin’s price, at the time of writing, was facing strong resistance around the $12k mark. Bitcoin’s inability to brush past this resistance also seemed to stunt the growth of many of the market’s altcoins, with fork coin Bitcoin Cash losing close to 12 percent of its trading value in the past week, along with a...Read More
Litecoin, VeChain and Algorand have all tested important short-term supports. VeChain looked poised for more gains. Algorand looked likely to move upward, while Litecoin broke below support and would look to maintain the psychological $50 level as well. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin had a 24-hour trading volume of $2.6 billion. Ranked 8...Read More
The cryptocurrency market has been seeing decentralized finance [DeFi] driving growth in the crypto-verse. Recently, on 9 August, the total market cap peaked at $11 billion, however, at press time was back to $9.275 billion, as per data provider DeFi Market Cap. As the market cap moves higher, the total value locked in DeFi was...Read More
Binance Coin, the exchange token of the popular exchange Binance, has done well in the last 24 hours. The coin has seen a 1% surge and currently stands at $21.83 per coin. The market cap of BNB is $3.152 billion making it the 10th largest cryptocurrency in the world. BNB 4-hour chart Source: BNBUSDT TradingView...Read More
Bitcoin recently retested the psychological resistance at $12,000 before declining to $11,400 level. While Bitcoin takes the time to gather strength for the next retest, some altcoins have managed to gather steam. BSV steadily declined over the past few days and maybe poised for another drop. Cosmos has performed remarkably well over the past week...Read More
Disclaimer: The following price prediction should materialize within a week. XRP’s price action in the past day’s time wasn’t very promising. With the price maintaining its consolidation near $0.29, a steep drop of 8.56% witnessed the asset dropped down to $0.265 in the charts. In the meantime, the asset also breached the immediate support line...Read More
Ethereum [ETH] may rank second in terms of popularity among major cryptos but has definitely turned out to be a good investment in 2020. The digital asset has been returning nearly 174% to its investors in YTD. As its returns increase, the crypto community has been focused on the circulating supply of the coin, as...Read More
After Bitcoin’s collapse down to $11,285, the rest of the altcoin market finally appeared to tag along for the current bearish ride. Bitcoin Cash, just like other major altcoins slipped by 12.36%, as its valuation witnessed a downtrend from a high of $305 to $270. After the markets actively pictured a recovery, a short-term long...Read More
From the world of altcoins, Chainlink or LINK tokens seems completely unstoppable at the moment. In the past few days, Chainlink has risen by 45 percent in the charts, rising from $9.80 to $14.48 on the 9th of August. As the token consolidates at its all-time high range, we looked into a few developments over...Read More
After strong moves near the end of July, Ethereum has been ranging between a trend for a week, while ZCash has dropped in value since the recent highs near $100. Dogecoin is yet to gather momentum after a very successful July. Ethereum [ETH] Source: ETH/USD TradingView Ethereum has been noting strong positive sentiment on social...Read More
Ethereum gas fees hit a level seen 5 times in the last 4 years; why? The average gas fees on Ethereum blockchain has hit a level not seen in a long time. The average gas fees, at the time of writing, was just below 200. However, as per ETH gas station, for fast transaction confirmations,...Read More
The beginning of the week has introduced selling pressure in the cryptocurrency market as, the price of various digital assets including Bitcoin, was noticing a downward trend. In the case of Bitcoin, its trading price fell by 3.5 percent in the past 24-hours bringing its trading price to $11,339. Source: CoinStats While almost all the...Read More
The crypto industry is almost 2 weeks into August, and since the colossal surge on August 1, Bitcoin‘s price has been tepid again. With the price sustaining between the range of $11,500-$12,000 for the majority of the time, optimism is currently pinned on other factors for the bull run to continue. Multiple arguments have been...Read More
After Bitcoin went past its $10k resistance many of the market’s altcoins have been noting strong bullish sentiment. At press time Bitcoin was being traded at $11,732 with a 24-hour trading volume of $8.4 billion. Source: CoinStats However, the trend has not been uniform across the altcoin market. In the past few weeks, the price...Read More
With every Bitcoin push comes the question of a push back, and when such a question arises all eyes point to the whales. Big movers of the cryptocurrency, operating on a host of exchanges, are even leveraging their trades, whales have a unique place in the Bitcoin market, and they have been the originators of...Read More
Ethereum and its ecosystem look wildly bullish according to Satniment’s “social sentiment on Twitter” indicator. According to the indicator, it has a deviation of +2.78 from the neutral position, which is at an all-time high. Social Sentiment Source: Twitter This comes at a time when bitcoin has hit $12,000 twice within 2 weeks of August...Read More
In May 2020, Paul Tudor Jones, the billionaire hedge fund manager called Bitcoin the ‘fastest horse,’ but it is also important to look at the rest of the field. If Bitcoin is the fastest horse, where does the S&P500, and gold lie in the race, and how long has the cryptocurrency been the fastest? The...Read More
Disclaimer: The following price prediction should materialize over the next week. Stuck between the range of $335-$400 since 31st July, the anticipation surrounding Ethereum’s price is beginning to build in the industry. There is a definite divide between the analysts as many were expecting a bullish breakout while some were convinced that the movement is...Read More
Bitcoin mining as an industry has evolved over the years as BTC’s price has. From being able to mine BTC using CPUs to GPUs, FPGAs, and ASICs, the industry has matured with the current hashrate at 124 TH/s with difficulty at 16.8 T [trillion]. Before the 3rd halving, the price suffered a catastrophic crash in...Read More
