In addition to Binance going haywire, other exchanges also faced a few abnormal incidents with today’s bitcoin drop. FTX users were among those exchanges that experienced slippage and ADLs. On FTX, users were unable to put up trades or modify existing orders with some experiencing untriggered stops and unnecessary ADLs. The drop that took a...Read More
Bitcoin’s push over $10,000 and above have divided the altcoins into two categories, those that go along with the king coin, and those that do not. Among the thousands of altcoins in the market XRP, the second-largest altcoin in the market represents the former, Chainlink, one of the best performing alts in the market over...Read More
The king coin with $219 billion in market capitalization holds nearly 65 percent of the entire dominance of the cryptocurrency market, and its massive 25 percent price increase has indeed anchored an altcoin upswing, particularly in the Ethereum Classic, Tezos and Monero markets. Source: BTCUSD via CoinStats Ethereum Classic [ETC] Source: ETCUSD via Trading View...Read More
Ethereum has been one of the most popular cryptocurrencies and has managed to establish a place at the second spot with its market capitalization of $39.85 billion. Ethereum inches closer to Proof of Stake [PoS] in the Serenity upgrade and will be identified as Ethereum 2.0. However, there has been some lack of clarity among...Read More
On Binance, bitcoin quarterly futures hit a high just shy of $100,000 – $99,964. While sudden moves like these aren’t new, it had been forgotten due to the slow, sideways moving price devoid of volatility. With over a billion dollars worth of positions liquidated in a minor $1,400 move by Bitcoin, volatility is back. While...Read More
A week after Bitcoin’s $10,000 resurgence, the first inklings of a reversal, if not a dump, are visible. Between 0400 UTC to 0500 UTC on 2 August, Bitcoin’s price dropped by over $1,000 an 8 percent price drop in the hour. Only a few hours before this dump Bitcoin had broken the $12,000 ceiling. The...Read More
Over the past week, the crypto-market seemed to gain a new lease of life after the world’s largest cryptocurrency, Bitcoin, went past its crucial resistance at $11k. In fact, 2020 has proved to be, in more ways than one, a key year for digital assets, including Bitcoin. However, as more users find cryptocurrencies and digital...Read More
Disclaimer: The findings of the following analysis attempt to foresee XRP’s price movement over the next 24 hours Towards the end of July, XRP’s price action seemed to come across strong bullish momentum on the charts. While the second quarter of 2020 wasn’t very promising for XRP, something evidenced by the crypto dropping a place...Read More
Disclaimer: The findings of the following article attempt to analyze the evolving trends in the long-term Litecoin market and its impact on the crypto’s price Litecoin has been noting significant gains on the charts recently, with LTC’s market cap boasting strong growth as well. In fact, according to CoinMarketCap, Litecoin’s market cap of $3.89 billion...Read More
Bitcoin’s push over $10,000 was long-awaited. After nearly three months of trading flat, Bitcoin jumped out of its most stagnant trading period since March 2019 with an ascent over $10,000. Now, it looks like this move has awakened a sleeping giant that was waiting to pounce on a bullish market. According to a recent report...Read More
Bitcoin‘s price broke out of its stagnant market trend and surpassed its immediate resistance at $10k a few days back. Since then, BTC hasn’t looked back, with the value of the cryptocurrency surging to breach its resistance at $11,400 while reporting a 2020 peak of $11,600. At press time, the world’s largest cryptocurrency had managed...Read More
As is often the case, Bitcoin’s latest price hike had a profound effect on the rest of the crypto-market, with many altcoins following BTC’s lead and recording gains of their own. At press time, BTC was priced at $11,639 with a 24-hour trading volume of $25.4 billion. Source: Coinstats However, the impact of the world’s...Read More
Bitcoin has not looked back since it surged over $10,000 almost a week ago. Trading at close to $11,500 a pop, the cryptocurrency’s highest price since September 2019, the market is rife with immense trading activity. Thus the question arises – is it likely to sustain? While some would say that this rise from $9,500...Read More
After months of apprehension, the crypto-market finally seems to be taking flight after Bitcoin surged over the past week, a surge that was replicated by most of the market’s altcoins. Owing to the world’s largest cryptocurrency correlation stats, the rest of the market profited off its gains. However, not all altcoins shared in this joy...Read More
Disclaimer: The findings of the following analysis attempt to foresee Bitcoin Cash’s price movements until the second week of August Bitcoin Cash’s price has registered significant gains over the last 7 days. In fact, the fork coin has seen its trading price appreciate by over 33 percent since 25 July. This was an interesting development...Read More
Over the past 10 days, Bitcoin, the world’s largest cryptocurrency, seems to have reasserted its dominance on the market again. Not only did Bitcoin maintain its price level above its previous resistance, but its surge had a corresponding effect on the prices of the market’s altcoins. While not all altcoins appreciated on the back of...Read More
Disclaimer: The following price prediction should face a transition over the next week. With the collective market extremely bullish, it was unlikely for the top altcoins to not join in the rally. The overall market for Bitcoin SV was positive with the asset registering a spike of 2.42 percent over the past day. However, for...Read More
The cryptocurrency exchanges have witnessed stagnant spot trading while an active derivatives market is booming. Despite being a part of a brief crypto winter, the derivatives market indicated that many users were in it for the long haul and were holding large sums of Bitcoin and other major cryptos. In the second quarter of 2020, the market-wide...Read More
Bitcoin’s market dominance was on display over the previous week after an appreciation in the cryptocurrency’s value pushed the altcoin market north. Many of the market’s cryptos like Bitcoin Cash and Zcash profited off this surge in value. However, its effect wasn’t uniform or universal, with other cryptos like Cosmos continuing to correct themselves. Bitcoin...Read More
Even though the second quarter of 2020 did not manage to register tremendous growth due to the consolidation in the spot market, the derivatives market kept the pace up for the crypto assets. The spot exchanges accounted for only 11% of the transactions in the industry, whereas the crypto derivatives exchanges accounted for almost 50%....Read More
A few weeks after the crypto-community vocally predicted an incoming altseason, many of the same people are now highlighting Bitcoin’s overwhelming market dominance, thanks to the world’s largest cryptocurrency’s latest price surge. However, like is always the case, not all altcoins reciprocated the appreciation in BTC’s value, and some like Basic Attention Token continued to...Read More
The restricted performance of the crypto market in the second quarter of 2020, did not come as a surprise to its users. The consolidation phase in June was the main reason for this blow followed by the user sentiment. However, prominent exchanges believed that the upcoming quarter and the second half of 2020 could provide...Read More
After Ethereum felt short of $335 during the rally at the start of the week, many expected that the asset would not rise any further. However, after a period of consolidation, the altcoin is up by 7.75 percent over the past day, registering a new high for 2020. Ethereum is currently valued at $343 and...Read More
Bitcoin’s breakout over $10,000 and then $11,000 hours later caught everybody by surprise, none more so than the ‘smart money’ investors. While the cryptocurrency’s market is gradually shifting towards the institutional class, with Bitcoin seen as an ‘investment’ rather than a ‘currency’ the shift is not as seamless as expected. Since May, the cryptocurrency was...Read More
Binance Coin is, like the rest of the altcoin market, a beneficiary of Bitcoin’s pump over $11,000. The exchange token sits on the edge of the top-10 coins in the market with a market capitalisation of $2.89 billion, behind Crypto.com Coin. With a 25-hour gain of just 0.75 percent at press time, while alts above...Read More
Over the past few days, Bitcoin’s impact on the rest of the crypto-market couldn’t be more apparent. With the world’s largest cryptocurrency finally finding its feet, the rest of the market followed suit, with many of its altcoins recording substantial gains. For many of these alts, Bitcoin’s hike came at a good time since a...Read More
Ethereum’s transition to Proof-of-Stake has been a widely speculated and anticipated event for Ethereum. Despite the delays and the lack of a clear deadline for when ETH 2.0 will launch, Ethereum has been doing remarkably well on the price charts, as well as with respect to the users entering the ETH ecosystem. Vitalik Buterin, Co-founder...Read More
Chainlink, at the time of writing, occupied the 12th spot on CoinMarketCap’s charts with a market capitalization of $2.5 billion. While the cryptocurrency did lose a significant chunk of its value during the 12 March price crash, it has risen consistently since. Right from the start of April, Chainlink’s trading price has been on a...Read More
Disclaimer: The findings of the following article foresee transition for EOS in under a week While the rest of the digital asset market was registering new highs on its charts, for EOS, it has been more or less the same. A crypto-asset that was once in the top 4 of the cryptocurrency bracket had unceremoniously...Read More
On 27 July 2020, Bitcoin surged by 11% in a single day, a surge that pushed its price from $9,933 to $11,417. This type of surge was last seen in April 2020, a time when BTC surged from $7,700 to $8,900, a 13% surge. However, since then, the price had been moving along with the...Read More
