The performance of XRP in the cryptocurrency market has been dull and consolidating for the past couple of days. The price of the fourth-largest digital currency was at $0.1758 and was experiencing terrible selling pressure, at press time. The violent price action in the market, however, did not interfere with the movement of crypto in...Read More
The cryptocurrency world continues to lack regulations that can help it function efficiently and this has been a hurdle not just for transacting in virtual currency but also when it comes to holding it. The United States Internal Revenue Service [IRS] recently announced that it was preparing to make another move towards taxing cryptocurrencies. However,...Read More
Bitcoin and Ethereum are two of the world’s largest cryptocurrencies by market cap and several BTC-backed ERC20 tokens have continued to increase and thrive on Bitcoin’s rival network. Over the past couple of years, the market for Bitcoin on the Ethereum network has grown significantly, and currently, the latter has become one of the most...Read More
By examining a well-known technical component, the popular YouTuber The Moon believes that Bitcoin could be heading towards $6,000 in the next few months if it breaks the vital $8,500 level. Bitcoin And The Wyckoff Distribution Pattern The cryptocurrency analyst initially posted the chart on Twitter in which he has inserted BTC’s current position on...Read More
After witnessing a five-days correction, SNX recovered almost 6% over the last 48-hours trading. Sellers may resume pressure if the price fails to increase above the previous resistance. The trend is still looking bullish in the short-term despite the five-day selling. SNX/USD: It Maintains Lower High Lower High Pattern Key Resistance Levels: $1.83, $1.92, $1.964...Read More
A key differentiator between cryptocurrencies like Bitcoin and traditional forms of finance is that the former offers a high degree of self-sovereignty. Bitcoiners are accustomed to the phrase, ‘You are your own bank’ which was the philosophical ideal that gave way to the crypto revolution in the past decade. However, this level of self-sovereignty also...Read More
Ethereum has shed 12% in the last 3 days and it currently stands at $222.91 contending with the daily moving average. The total market cap of ETH stands tall at $24 billion and has a 24-hour volume of $6.3 billion. Ethereum – 1 Day Source: ETHUSD TradingView The daily chart showed the sideways movement of...Read More
Disclaimer: This article attempts to analyze Bitcoin’s price movements over the next month leading up to a potential breakout in the last week of July. For the past several weeks, Bitcoin appeared to be consolidating below $9,500 despite a short-lived upside break. So far, the coin managed to stay afloat above the critical $9,000-support level...Read More
Event scheduled for July 2nd-3rd, 2020 Speakers will include one of the ‘fathers of the internet’ Vint Cerf, and other industry titans TBA Summit will take a deep dive into Cardano and the scientific research underpinning it, as well as revealing the latest advances in blockchain technology, with applications both in the developing world and...Read More
The Decentralized Finance (DeFi) ecosystem has once again come under attack as a decentralized automated market maker exchange suffered losses close to half a million dollars yesterday. Balancer Lost $500k In Pool Vulnerability DeFi project Balancer has lost about $500,000 worth of multiple tokens to a hacker due to a vulnerability in two of Balancer’s...Read More
The 2020 Bitcoin bull run might mirror the 2017 bull run. While some know and understand the “Lambo and moon” memes, others have forgotten it, however, there are some that don’t relate to these words; these are the new entrants to the world of bitcoin and cryptocurrencies. These are the people that missed the 2017 bull...Read More
Binance, the world’s largest cryptocurrency exchange, has announced its plans to roll out a COMP/USDT Perpetual Contract. This is coming barely two weeks after the COMP governance token was launched by DeFi largest protocol, Compound Finance. Trading COMP With 50x Leverage Starting tomorrow, Tuesday, June 30 at 09:00 AM (UTC), Binance Futures traders will be...Read More
Ethereum saw a sharp 5.6% price fall this past week as it drops to $223. This has caused ETH to penetrate beneath a rising trend line that has been in play since mid-March 2020. Against Bitcoin, Ethereum failed to overcome 0.0253 BTC again and dropped to 0.0245 BTC. Key Support & Resistance Levels ETH/USD:Support: $215,...Read More
Bitcoin’s price will continue trading in a tight range between $6,000 and $10,000 until the rest of the year, believes popular BTC analyst Tone Vays. He also thinks that short-term breaches above $10k are insufficient since the asset heads back down almost immediately. BTC Between $6k And 10K The price of the primary cryptocurrency has...Read More
The price of Bitcoin once again dipped under $9k and bounced back a little above $9.1k. This plunge was visible in the altcoin market and a similar recovery was noted at press time. Bitcoin Cash [BCH] Source: BCH/USD on TradingView With the cryptocurrency market noting a shakeup, the fifth-largest coin in the market has been...Read More
Disclaimer: This article attempts to foresee the price movement of Bitcoin SV over a period of the next 24-hours. Bitcoin SV saw a major downward breakdown on the 27th of June. Soon after encountering the bulls, the seventh-largest coin posted minor gains which drove the coin’s price to $158.87, at the time of writing. The...Read More
In an exciting showcase of the capabilities of Bitcoin’s network, someone has included a message in a specific BTC transaction, welcoming his newborn son to the world. Hello, Noah! In a rather interesting Reddit thread, a user of Bitcoin’s network demonstrated one of the more compelling use cases of its blockchain. “I immortalized the birth...Read More
Recent data revealed that the number of positive Bitcoin mentions on the popular social media platform Twitter has dropped significantly since the halving in May. At the same time, the fear and greed index has downgraded from its neutral stance in May to a more fearful state in June. Twitter BTC Positivity Drops According to...Read More
This weekend was rather exciting for Bitcoin’s price as it finally made a decision and broke out of a rather tight trading range. Unfortunately, it was to the downside, and BTC touched $8,816 on Binance Futures yesterday. Most of the large-cap cryptocurrencies followed Bitcoin but are now recovering while BTC continues to fight for the...Read More
During the crypto rally at the beginning of the year, the Bitcoin network faced a heavy load of transactions, soaring to levels unseen since February 2018. Interestingly, this did not occasion with the price movement of the cryptocurrency. Instead, the figures for transaction fees reached a little over a two-year high around mid-May. Shortly after...Read More
