For the industry’s Bitcoin miners, 2020 hasn’t turned out to be the year they had hoped for. With the mining reward cut in half and the price still stuck well below $10k, a rise in price for the king coin would be a welcome change. However, saying so could be deemed to be a simplification...Read More
On 16 July, many all across the world saw in horror as one of the most sophisticated hacks in recent memory unfolded before their eyes. This episode saw Twitter accounts of many prominent personalities, from Barack Obama to Elon Musk and Warren Buffett, hacked, all advertising a giveaway that was clearly a scam that involved...Read More
Disclaimer: The findings of the following analysis underline the instability of movement in the Bitcoin market, with the same likely to steady itself over the next 24-hours The phrase ‘any publicity is good publicity’ is often subjected to a lot of debate in the digital asset industry, with market sentiment often very quick to flip...Read More
It’s no secret that many institutional investors have taken quite a shine to cryptocurrencies and the digital assets market over the past few months. While the likes of Bitcoin and crypto, in general, have benefitted from clearer regulations (In the case of Bitcoin – its safe haven and store of value narratives have gained substantial...Read More
Among Bitcoin, altcoins and shitcoins, something fundamentally changed for the latter. While altcoins soared through the figurative roof, Bitcoin is still strutting with little or no volatility. As for the shitcoins, this mysterious change took place exactly 17 days ago, when altcoins, shitcoins, mid-cap perps [perpetual contract], all started surging. This sudden surge was meteoric...Read More
Bitcoin’s dramatic fall in the month of March elated many who were critical of the king coin’s store-of-value and safe-haven characteristics. In fact, a recent paper highlighted the same, while also suggesting that for investors who choose to have a percentage of their portfolios allocated to Bitcoin, there is an increased downside risk. This is...Read More
Over the past decade, Bitcoin’s evolution and perception can be best typified by a revolving door. From being conceptualized as a peer-to-peer electronic cash system, Bitcoin is today seen as a store of value, an asset with safe-haven properties that can be used to hedge against socio-political and economic uncertainty. However, is that the case?...Read More
Cancel Culture – A term that has been doing the rounds lately after the open letter by Harper’s, one signed by the likes of Noam Chomsky, Margaret Atwood, Salman Rushdie, and J.K Rowling went viral. At its simplest, it refers to the withdrawal of popular support after a public figure or entity says or does...Read More
In the global cryptocurrency world, the price of Bitcoin is always measured in dollars. As things stand, Bitcoin is trading at $9,200, and it has been trading around this price range for the better part of three months now. But looking at the larger picture, of a decentralized currency at a time of economic uncertainty...Read More
We’re now into the third month of low volatility in the cryptocurrency markets. Owing in larger, or complete part, to Bitcoin trading in a tight trading zone between $8,800 to $10,000. But it looks like the wait for the largest cryptocurrency in the market, holding over two-thirds of the total market, to turn the tide...Read More
With Bitcoin dominance on the decline, altcoins have surged to new highs thus opening up the possibility of another altseason. To be precise, an alt season is part of the market cycle when excessive surges in the price of altcoins against Bitcoin and the fiat currency are noted. This surge in price takes place after a period...Read More
Binance Coin least profitable exchange token, OKB most for Q2 Now, it seems like every exchange has issued its own token. From Binance Coin to FTX token, the top-coins on Coinmarketcap are littered with several exchange tokens, many of which have been issued in the past 12-months. As far as their recent performance goes, they...Read More
Being the first to do something often counts for a lot. Whether it is Armstrong being the first to step on the moon or Karl Benz manufacturing the first automobile… public memory and perception usually fall back on the first movers. This is the case in the cryptocurrency market as well, an industry where entities...Read More
As it consolidates for almost 40 days, bitcoin stands at $9,271 with a market cap of $170 billion. The top cryptocurrency has seen a 0.35% surge in the last 24 hours and has a 24-hour trading volume of $3.37 billion, making it the second-largest traded asset in the entirety of the crypto ecosystem. Bitcoin 4-hour...Read More
Attention matters, and in a world of social media and online business, attention matters even more. If you can entice more people to visit your website, chances are you can grow faster. But in this era of massive scaling, there is a difference between fast growth and fake growth, a difference that many cryptocurrency exchanges...Read More
The cryptocurrency market and its ecosystem have noted tremendous growth over the past few years. Increased adoption rates and the fact that there is more regulatory clarity around digital assets today have further helped crypto’s growth. Bitcoin, today, represents a robust store of value and a hedge that can diversify traditional investment portfolios. However, as...Read More
With a market as volatile as cryptocurrencies and a community as sensitive as the online Bitcoin world, one would expect #WheresThePump, #BitcoinToTheMoon2020, or #CovidCantStopBitcoin to be trending with a price increase. Alas, neither has happened. Over the past two months, Bitcoin has been eerily stable, trading within a tight $8,500 to $10,000 range without budging...Read More
For those who expected Bitcoin’s price to surge exponentially any minute, the month of July has been disappointing. Since 1 July, Bitcoin‘s price has gained by just 0.2%, with the same moving from $9,300 to $9,318.92 on the charts. This is perhaps the best evidence of the low volatility in the market. However, that’s not...Read More
In Q2 of 2020, Bitcoin rose from $5,500 to over $9,500, with brief skirmishes over $10,000. And yet, trading volume on cryptocurrency exchanges saw a net quarterly decrease. On looking at the high-stakes nature of Bitcoin’s Q2 beginning, the price-to-volume difference looks bleak. According to the latest quarterly report by CoinGecko, the world’s top cryptocurrency...Read More
Bitcoin – Correlated at the hip? Proponents of Bitcoin, the world’s premier cryptocurrency, have long claimed that the king coin is far from correlated with traditional financial markets, especially the S&P500. However, this claim has lost a lot of its footing over the past few months, with the COVID-19 pandemic affecting each and every market....Read More
Many of the market’s cryptocurrencies noted a splendid start to the year, with many of them surging exponentially. However, this soon changed as the Coronavirus pandemic took effect and crippled markets worldwide. This was true of the crypto-market as well, with the exception being that it was quick to bounce back. This is the reason...Read More
Bitcoin fell. Not by a lot, but Bitcoin fell over the past 24-hours. At press time Bitcoin was being traded at $9171 with a 24-hour trading volume of $5.7 billion. Source: CoinStats And the effects of Bitcoin’s fall, owing to the high rates of correlation between the king coin and the alts, were felt by...Read More
Stablecoins have played a very crucial part in the cryptocurrency ecosystem over the past few years, with the altcoins acting as significant drivers in terms of crypto-adoption. In fact, Tether, the market’s most dominant stablecoin, recently moved up CoinMarketCap’s list to become the third-largest cryptocurrency in the world – cementing its significance in the crypto-market....Read More
Bitcoin has long been called ‘digital gold,’ and true to its name, BTC has proven to be a store of value over the past few years, with the asset yielding better profits than gold or equities. As for gold, well, gold has been revered as the go-to store of value since time immemorial. With the...Read More
Many people kicked off 2020 with a lot of optimism, especially community members of the world’s largest cryptocurrency – Bitcoin. However not all things have gone according to plan. With most economies reeling from the effect of the global pandemic and a liquidity crisis pushing BTC’s price below $4k a few months in, Bitcoin price...Read More
With an unexpected pandemic crippling financial markets across the world, people all over have been trying to secure themselves financially. However, a volatile market is no one’s first choice. While many investors are still considering digital assets to diversify their portfolios and mitigate risks, Bitcoin remains the first and potentially only choice for many users....Read More
Bitcoin’s price hasn’t really made the breakthroughs most investors were expecting it to make after the block reward was halved for the third time this year. Despite Bitcoin’s lackluster price action, investor confidence in the coin hasn’t taken a significant beating, with the same evidenced by the overwhelming holding sentiment within the Bitcoin ecosystem. Interestingly,...Read More
With a pandemic still ravaging global markets, many investors have sought to look at it as the best time to make investments that might reap some rewards in the future. In fact, many traders have been looking to diversify their portfolios with the inclusion of digital assets as well, with Bitcoin being a notable part...Read More
Bitcoin has not seen a bull run for almost 3 years now. With the last bull run ending on December 17, 2017, most people are yet to witness a bull run. This is an extended bear market and a pre-bull run phase, where the price has the least volatility. Perhaps, this extended bear run is...Read More
When the March 2020 dump slashed over 50 percent from Bitcoin’s trading price and $60 billion dumped from its market capitalization, onlookers and market participants feared the worst, especially with the halving less than two months away. A massive price freefall in the midst of economic uncertainty and a decrease in the supply of a...Read More
