Fundamental

Why XRP Isn’t Surging in Tandem With Rest of the Cryptocurrency Market

XRP was not among the gainers as the cryptocurrency market attracted capital of up to $12 billion in a day.The Ripple blockchain’s native asset slumped by up to 2.19 percent on Monday to establish an intraday low of $0.194. The downside move negated XRP’s gains – registered during the Sunday trading session – by 1.38...
Read More

Bitcoin Hits 3-Week High Despite Strong Bearish Signs: Where is it Heading?

Bitcoin on Monday was trading above $7,500 as sellers showed signs of exhaustion near a crucial support area.The cryptocurrency could swell further to test $8,000-8,500 area, according to textbook technical indicators.A gap on the CME’s daily Bitcoin Futures chart hints a revisit to $7,200.Bitcoin opened this week at records as buying interests among traders renewed...
Read More

Contrary to Popular Belief, Bitcoin is in Full Bear Market, Says Analyst

People who believe bitcoin is currently in a bull market just because it avoided a drop below $6,400 are wrong, according to Alex Krüger.The prominent market analyst made bold comments about halving, an event that would reduce the bitcoin mining reward from 12.5 BTC to 6.25 BTC effectively from May 2020. Krüger refuted popular price...
Read More

Ripple (XRP) Hits 27-Month Low: What’s Behind the Sustained Crash?

Ripple’s native asset XRP fell into an extreme negative area this Wednesday as investors pulled billions of dollars out of the entire cryptocurrency market.The XRP-to-dollar exchange rate established an intraday low of $0.174 on BitStamp around 1300 UTC. That brought the pair down by 4.39 percent from the market open. At the same time, the...
Read More

This Cryptocurrency Could Boom Following Bitcoin’s Next Drop

Bitcoin has plunged by approximately 50 percent from its 2019 peak. And the cryptocurrency is hinting to continue trending downwards before the year’s close. The negative sentiment in its market, nevertheless, is benefiting rival cryptocurrencies.That is particularly true for XTZ, the native asset of Tezos, a proof-of-stake blockchain project whose market valuation has grown twofold across...
Read More

Why Matic’s Steep Plunge Should Serve as Warning Against Any Small Cryptocurrency

Matic, a cryptocurrency known to have an active and supportive community, plunged by more than 50% on the day and over 70% at the day’s lowest point. But, such a drop can occur to any minor crypto asset.According to global markets analyst Alex Krüger, large hands can adjust the selling volume of a cryptocurrency, causing...
Read More

Analyst: Stellar (XLM) Decreasing Supply Could Increase Chances of Exchange Delisting

The Stellar Development Foundation’s (SDF) unanimous decision to burn XLM’s supply by half could spell troubles for the project, believes noted bitcoin maximalist WhalePanda.The anonymous trader on Tuesday said the cryptocurrency exchanges could start treating XLM as security, explaining that SDF showed excessive control over the blockchain asset when they cut down its supply from...
Read More

Decred, Stellar Post Massive Gains as Bitcoin Uptrend Halts

Decred (DCR) and Stellar (XLM) were moving higher on Friday as traders shifted focus from sideways-biased bitcoin.The thirty fifth-largest blockchain project by market valuation, Decred, today surged by as much as 17.83 percent against bitcoin to trade at 1,755 sats a token. At the same time, the altcoin’s performance against the US dollar also improved,...
Read More

Bitcoin Calm ahead of Federal Reserve’s Rate Cut Verdict

Bitcoin held to a stable range as investors wait for the Federal Reserve to take a final call on introducing another interest rate cut.The benchmark cryptocurrency was trading at $9,171.54 as of 10:13 UTC, down 2.75 percent from the market open. At its session high, bitcoin attracted a bid of $9,431.36 on the San Francisco-based...
Read More

Bitcoin Pops after Xi Jinping’s Blockchain Endorsement

China’s President Xi Jinping’s endorsement of the blockchain technology sent bitcoin up by more than 40 percent.The benchmark cryptocurrency established a new session high of $10,540.49 after rising by $3,109 over the weekend. The surplus gains came after a depressive performance last week, wherein bitcoin price shed as much as 17.33 percent, or $1,529.96. However,...
Read More

No Bitcoin Price Breakout for Another Year; Here’s Why

A zoomed out version of the bitcoin chart shows it would take the cryptocurrency another 365 days to achieve a full-fledged upside breakout.Brought to notice by Teddy Cleps, a prominent cryptocurrency analyst, the weekly Bitcoin chart shows the possibility of it forming a massive bullish pennant. In retrospective, a Pennant structure marks a pause in...
Read More

Bitcoin Collapses below $7,500 after Brexit Breakthrough

Bitcoin took a deep dive on Wednesday to test the levels last seen in May.The benchmark cryptocurrency plunged by up to circa $566.29, or 7.65 percent, in just two hours of trading. The move downside brought bitcoin down to a session low of $7,402.20. While the price later corrected, its upside remained capped by the...
Read More

Bitcoin Holds Gains against Trade Deal Hopes, Brexit Uncertainty

Bitcoin was maintaining its weekend gains on Tuesday as investors assess positive outcomes from the ongoing US-China trade talks but remained uncertain over the Brexit deal.The benchmark cryptocurrency established a session high of $8,296.50, up 1.05 percent from the market open. The upside move was minor in the context of bitcoin’s recent losses. Therefore, the...
Read More

Bitcoin Lacks Direction after Weekend Gains; Correction Incoming?

Bitcoin was trading in positive territory on Monday to uphold gains it made during this weekend.The benchmark cryptocurrency surged by 0.07 percent to trade near $8,230 as of 1140 UTC. At its session high, it was trading at $8,301.85, which was 4.37 percent higher than Friday’s closing point. The upside came as a part of...
Read More

Bitcoin, Gold Dives in Tandem as China Posts Poor Economic Data

Perceived safe-haven assets Bitcoin and Gold were trending downwards on Friday as investors processed the emotional aftermath of China’s weak economic data.Bitcoin extends bearish bias after breaking crucial support of $8,000 | Image credits: TradingView.comThe BTC/USD instrument slipped by 1.96 percent, or $158.23, on San Francisco-based Coinbase exchange to trade at $7,917.97. The downside pressure...
Read More

Bitcoin Corrects Above $8K against Weak US Data, Brexit Deal

Bitcoin was attempting to hold $8,000 as support on Thursday after it slipped briefly below the said level yesterday.The benchmark cryptocurrency surged by 0.83 percent, or $66.14, to trade at $8,059.68. The move uphill came after a depressive price action on Wednesday that took the bitcoin price below the $8,000 support level. At its intraday...
Read More

Bitcoin Underperforms as Investors’ Focus Remains on Brexit

Bitcoin was trading in negative territory on Wednesday as a broader market focus remained glued on Brexit and other critical macroeconomic events.Bitcoin price slips as speculators/investors shift focus elsewhere | Image credits: TradingView.comThe benchmark cryptocurrency slipped 0.12 percent to trade at $8,152.92, continuing its choppy actions seen after the last significant drop on September 24....
Read More

Bitcoin Eyes Gains as Pound Drops on Brexit Uncertainty

Bitcoin was inching higher on Monday in the UK markets as Pound gave up some part of its last week’s sharp gains.Bitcoin shows upside sentiment as the Pound drops to 1-month low | Image credits: TradingView.comThe cryptocurrency surged by 0.76 percent against the sterling as of 1005 UTC to trade at £6,627.90. The minor surge...
Read More

Bitcoin Drops as Investors See Optimistic Signs on Trade Deal

Bitcoin struggled to maintain gains on Friday as investors processed the possibility of an optimistic trade deal and Brexit.The benchmark cryptocurrency was trading at $8,373.96, down 2.49 percent as of 11:03 UTC. Its downside sentiment came on the back of an unbiased Thursday, wherein its opening and closing price was almost the same. The rate also...
Read More

Hong Kong Free Press Fires BitPay Over Bitcoin Payment Delays

Hong Kong Free Press (HKFP) has fired BitPay, a US-based bitcoin payment processing service, over non-service.The independent media firm announced today that it is going to replace BitPay with its rival BTCPay, an open-source alternative to pay merchants online via bitcoin. HKFP projected BTCPay as better service, stating that it would allow donators to remain...
Read More

Bored Bitcoin Traders Pump Binance Coin (BNB) by 11%

Binance Coin (BNB) was trading in an extremely positive zone on Wednesday as its top rival bitcoin kept underplaying investors’ bullish expectations.The eighth-largest cryptocurrency by market cap surged by up to 11.73 percent to establish a session high of 2,289 sats. It attracted a similar capital from the fiat market, rising by 11.12 percent against...
Read More

Latest Bitcoin Drop Proves SEC’s ETF Concerns: Chervinsky

The US Securities and Exchange Commission (SEC) is right about their decision to reject bitcoin exchange-traded funds, believes Jake Chervinsky of San Francisco-based Compound Finance.The general counsel on Thursday said the US securities regulator has valid concerns about bitcoin’s price volatility. He referred to the cryptocurrency’s latest price drop, wherein it plunged by as much...
Read More

More Troubles for Bitcoin as Trump Fuels Trade Hopes

Bitcoin was trading in the negative zone on Thursday as US President Donald Trump raised hopes for a potential trade deal with China.The benchmark cryptocurrency plunged another 0.34 percent to $8,408.01 on San Francisco-based Coinbase exchange. Earlier this week, it had experienced a massive sell-off that sent the price down by more than $1,500 in...
Read More

Bitcoin Tailed US Stock Market’s Declines on Tuesday: Greenspan

Bitcoin coincidentally formed a positive correlation with the US stock market on Tuesday, observed Mati Greenspan of eToro.The senior market analyst noted that the benchmark cryptocurrency plunged by more than $1,500 right after the S&P 500 index made a similar move. He recognized the zero correlation between the two extremely polarized markets but added that...
Read More

Gold Beats Bitcoin as Trump Faces Impeachment Probe

Gold outperformed Bitcoin on Wednesday as an impeachment inquiry into US President Donald Trump triggered demand for safe-haven assets.The yellow metal came near its three-week peak, with its spot trading at $1,530.29 per ounce as of 10:00 UTC. At the same time, US gold futures surged 0.1 percent to $1,538.30.Bitcoin, unlike Gold, trended lower upon...
Read More

Will Bitcoin Mining Confidence Cause A BTC Price Spike To $28k?

Data from blockchain.com shows Bitcoin’s hash rate is at all-time-high. Last week, it peaked at 98.5 quintillion hashes per second. In addition, according to the mining pool, BTC.com, mining difficulty is also at its highest ever level at 11.9 T.All in all, miner’s confidence, in Bitcoin, has never been higher, which is indicative of a...
Read More

Bitcoin Hater Mark Mobius Bats for Gold upon Its 21% YTD Rise

After suggesting that decentralized asset bitcoin should be backed by Gold, prominent billionaire investor Mark Mobius is asking global investors to raise their stakes in the precious metal.The Mobius Capital Partners’ founding partner said in an interview with CNBC’s “Street Signs” that investors should allocate 10 percent of their portfolio to physical gold. He based...
Read More

Could US-China Trade Agreement Wipe Out Bitcoin Price Gains?

Bitcoin looked cautious on Thursday as the United States and China announced that they would restart trade negotiations.Chinese Vice-Premier Liu He and the US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer earlier today spoke over the phone. The two sides decided to meet in Washington in mid-October to negotiate a win-win trade deal.“On...
Read More

VanEck’s Bitcoin Product is Damn Bullish for BTC – Here’s Why

The price of bitcoin surged by $5,000 on April 2, a 23 percent jump that many believe was sparked by an article published on April Fool’s Day. Its title was “SEC drops the Bomb: Approves Bitcoin ETFs.”ETFs, a backronym for Exchange-Traded Funds, have lately caught up with the imagination of cryptocurrency investors. To them, mingling...
Read More

Bitcoin Extend Gains as Yuan, Pound Hits Record Low

Bitcoin continued its ride to the upside as investors/speculators weighed in the prospects of dwindling government currencies.The benchmark cryptocurrency today established a session high of $10,500, bringing its five-day gains to as high as 12.44 percent on San Francisco-based Coinbase exchange. The move appeared after a depressive August, wherein bitcoin lost about 25 percent of...
Read More
1 2