Ethereum’s next target is $500, according to BitMEX co-founder and CEO Arthur Hayes. He expressed his amazement about ETH’s surge to $400, calling for the continuation of the rally. Ethereum Breaks Above $400 For First Time Since August 2018 On Sunday, Ether hit the highest level in two years, breaking above $400 for the first...Read More
The relationship between Bitcoin and Ethereum has always been an intriguing one. They are, undoubtedly, two of the market’s most important crypto-assets due to their dominance in the space. Although Ethereum is quite far behind in terms of market cap, in terms of technology, may argue that the altcoin is miles ahead. Owing to the...Read More
After ascending all the way to $12,000 on 1 August, Bitcoin registered its most significant daily pullback since the 8.24 percent drop on 10 June, with BTC depreciating by 10.57 percent yesterday. While such movement did see Bitcoin’s rally stop in its tracks, over the past few hours, the crypto-asset seemed to hold on to...Read More
The ongoing decentralized finance (DeFi) boom has pushed the popular cryptocurrency exchange Huobi to establish a DeFi-oriented platform. Dubbed Huobi DeFi Labs, it aims to enhance the company’s operations in the sector and will be led by a Wall Street veteran – Sharlyn Wu. Huobi DeFi Labs Established According to the announcement from earlier today,...Read More
With the cryptocurrency’s price recovering from yesterday’s crash, Bitcoin finds itself in a pickle with an important resistance preventing its march higher on the charts. With over a billion dollars in positions liquidated, the Open Interest and the volatility have all dried up. While BTC’s price has been slowly trying to head higher, despite it...Read More
ADA witnessed a very strong 50% price surge over the past month as it reached $0.139. The coin reached a 2-year high over the weekend. Against Bitcoin, ADA rebounded from support at 1150 (.382 Fib Retracement) this weekend as the bulls start the push higher. ADA/USD: Bulls Attempt To Rebound From $0.13 Support. Key Support...Read More
If 2017 was the year where initial coin offerings (ICOs) went parabolic, then 2020 is perhaps the year where products within the field of decentralized finance (DeFi) are all the rage. With the emergence of numerous propositions, such as flash loans, where people can borrow money without having to post collateral as long as they...Read More
The price of Bitcoin reached a yearly high of above $12,000 yesterday, but it retraced heavily moments after. According to recent data, the correction was overdue since the number of daily active BTC addresses fell behind the price. Bitcoin’s DAA Impact The Price Daily active addresses (DAA) provide a general idea of how many users...Read More
Bitcoin’s Sunday surprise was a blow-off, and if similar moves by other asset classes are to go by, it was a positive move. On 2 August, between 0400 and 0500 UTC, Bitcoin’s price dropped by 8 percent in an hour, with many expecting its breakout, which began on 23 July, to have come to an...Read More
XRP saw a strong 40% price explosion this week as it reached the $0.3 level. Despite Bitcoin’s recent price drop this weekend, XRP remained above $0.3. Against Bitcoin, XRP created a fresh 3-month high as it hit 2720 SAT. XRP/USD: XRP Bulls Remain Strong After Crypto Market Drop Key Support Levels: $0.291, $0.28, $0.268.Key Resistance...Read More
Disclaimer: The findings of the following analysis should materialize over the next 24-48 hours Bitcoin SV, just like the rest of the market, was in a state of conflict at the time of writing after depreciating significantly on the 2nd of August. With BSV trading at a price point as low as $196 yesterday, the...Read More
Although history is not a precise indicator for future price developments, a popular cryptocurrency analyst made a compelling forecast showing that if Bitcoin repeats its 2016-2017 bull run with the same percentage increases, it will end up at $430,000 in 2021. Bitcoin At $430,000? The primary cryptocurrency has built a reputation for beating unfavorable odds...Read More
The collective digital asset market suffered a major blowout at the top after Bitcoin and Ethereum noted massive sell-offs. The development had a ripple effect on the rest of the altcoin market too, with Litecoin, Tron, and VeChain registering bearish movements. With these cryptocurrencies’ prices seemingly consolidating over the past 24-hours, another wave of price...Read More
On 2 August, Bitcoin crossed the $12,000 mark and triggered a wave of sell orders. This selling spree downed the cryptocurrency’s price by 8 percent in an hour, with BTC dropping to below $11,000 between 0400 to 0500 UTC. With Bitcoin holding 60 percent of the entire coin market, a drop in its price caused...Read More
Ethereum prices hit a two-year peak of $410 on Sunday. Ethereum has been sitting in a range bound channel around $230 for three months, but in late July, it finally broke out to surge 70% in less than two weeks. Sunday’s intraday high put ETH prices back at their highest since August 2018, a couple...Read More
The recent activity in the cryptocurrency market has had a profound effect on the market’s altcoins. While Cardano [ADA] and Basic Attention Token [BAT] showed a retracement in the near-future, Cosmos’s [ATOM] charts seemed promising, with a surge expected very soon. Cardano [ADA] Source: ADAUSD on TradingView Following the recent crash in Bitcoin‘s price, altcoins...Read More
Following the wild weekend ride in the cryptocurrency market, the situation appears less volatile now, at least among most large-cap assets. Bitcoin has returned to $11,200, while Ethereum hovers above $380. Some lower-cap altcoins, however, are displaying high fluctuations again. A Breath Of Stability For Bitcoin The weekend was nothing short than volatile for the...Read More
On August 1st, the Ethereum network experienced spikes in transaction fees which led to delayed deposits/withdrawals for some Coinbase customers. Starting at 9:45pm PST, 559 transactions were delayed. The backlog of transactions started clearing 15 minutes after the peak of the fee spike and was fully processed in 110 minutes. Trading and application uptime were...Read More
