The price of bitcoin and a number of other popular cryptocurrencies have been collectively holding a market valuation of around $255 billion. The fiat value of these cryptocurrencies has slipped downwards during the last four days. Despite the weekly losses of around 3-6%, many digital currency proponents are still very optimistic. Mainly because of how...Read More
On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8% on or around May 12, 2020, as...Read More
In the last few hours, Tezos broke out of a bearish trend it endured since mid-December 2019. Now, technical indicators show XTZ aiming for higher highs. Tezos Technical Analysis On Dec. 13, Tezos peaked at a high of $1.86. Since then, this cryptocurrency entered a corrective phase that saw its price decline by nearly 35%....Read More
Bitcoin’s price appreciation in the face of strained sovereign relations supports a risk-off asset thesis rather than a safe haven. Bitcoin on the Move amidst International Tensions The recent rally in Bitcoin’s price has largely been attributed to the rising tension between the United States and Iran. The latest jump aligns with President Donald Trump...Read More
Bitcoin (BTC) is seeing more computational power invested in coin generation than ever before. As of Jan. 6, Bitcoin’s mining network has reached a hashrate of 120 exahashes per day. This number has been growing steadily over the past decade, but it has grown significantly in recent months. In the last year alone, the network...Read More
The community remains at odds over whether the upcoming block reward halving for Bitcoin will have a meaningful impact, or if it’s already priced in. Defining Bitcoin’s Market Efficiency Bitcoin’s block reward halving has been at the center of fervent debates for the past 5 years but more emphasis has been placed on this topic...Read More
Bitcoin struggles to move out of the consolidation phase that began in late November 2019. Here’s what it would take to trigger a BTC breakout. Bitcoin Technical Analysis After peaking at nearly $14,000 in June 2019, Bitcoin went through a corrective period that saw its price drop over 50%. The significant selling pressure took BTC...Read More
Fear dominates the Bitcoin and crypto markets, but growth and adoption continues unabated. According to the Crypto Fear & Greed Index, which gauges the general market sentiment by analyzing and aggregating multiple data points into a single number on a scale of 0 to 100, whereby 0 signifies extreme fear and 100 extreme greed, the...Read More
The recent U.S. airstrike in Iran pushed the price of Bitcoin up 4%, along with gold and oil. Further possible conflict in the region could drive BTC’s price even higher, affirming its role as a safe-haven asset. The U.S. Department of Defense issued a press release announcing an airstrike late Thursday that killed Qasem Soleimani,...Read More
NEO Global Capital (NGC) Ventures, one of the largest institutional investors in the blockchain sector, is launching “NGC Ventures Fund II” — an “All-Weather Crypto Fund” specifically designed to capture market beta and secure consistent returns in both bloom and gloom market conditions. With fifty-plus blockchain investments under its belt and a purported lifetime track...Read More
Bitcoin Bitcoin tested towards the lower end of its short-term trading range on the last trading day of December, as cryptocurrency traders looked to the BTC/USD pair’s yearly price close. The number one cryptocurrency traded around the $7,200 level in early Tuesday trading, marking a loss of around 2% from the weekly price open. At...Read More
Bitcoin Cash has a bullish short-term and bearish medium-term trading bias The four-hour time frame shows that a bullish inverted head and shoulders pattern is forming The daily time frame shows that the cryptocurrency may start to target the $280 level Bitcoin Cash is showing bullish bias as the fifth-largest cryptocurrency continues to firm above...Read More
During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents are still uncertain about the future trajectory and whether...Read More
Litecoin has a bearish short-term and medium-term trading bias The four-hour time frame shows that a bullish inverted head and shoulders pattern may be forming The daily time frame shows that a bullish falling wedge pattern has formed Litecoin is consolidating around the $40.00 level as it attempts to recover from a ten-month trading low....Read More
The cryptocurrency market continues its struggle to find a directional bias over the Christmas holiday period, with most coins in the top 20 trading sideways. Bitcoin held support around the $7,100 level after being quickly sold off from the $7,430 level on Thursday. CME and BitMex contract expirations today may be behind yesterday’s price movements....Read More
Banking services platform Cashaa has seen significant growth in crypto trading volume in India since it began offering INR deposits and withdrawals. The platform has cut its fees by more than 50% and is getting ready to add five more cryptocurrencies for users in India, Cashaa has shared with news.Bitcoin.com. Also read: Regulatory Roundup –...Read More
Altcoins started to give back gains in early Tuesday trading, as almost all top 20 cryptocurrencies are trading in the red. Ethereum is the worst affected in the top 10 cryptocurrencies. Bitcoin trades around $7,400, having peaked around the $7,680 level on Monday. TRON is trading down by almost four percent on the day, one...Read More
Bitcoin continues to build on recent trading gains, with the number one cryptocurrency trading at its highest level since Dec. 9. The top 10 cryptocurrencies are also trading in positive territory as they continued to benefit from the ongoing recovery in digital assets. VeChain continued to recover recent losses, following the recent hacking scandal surrounding...Read More
As the end of 2019 approaches, it means there will be one year left for John McAfee’s infamous wager that said the price per bitcoin would “reach $1,000,000 before the end of 2020.” If the forecast doesn’t come to fruition, he said that he would eat his family jewels on television. At the moment, the...Read More
Ripple has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a bearish head and shoulders pattern has been triggered The daily time frame continues to show Ripple testing long-term trendline support Ripple has moved to test long-term trendline support below the $0.20 level, following the heavy cryptocurrency market sell-off earlier...Read More
Bitcoin is holding around $7,200 as the first digital currency searches for direction. The top 10 altcoins are holding above long-term technical support, closely tracking the price movements of Bitcoin. Bitcoin SV is a notable outperformer among large capitalization coins, while Matic Network is leading in the top 100. The Crypto Fear & Greed index,...Read More
Bitcoin stabilized above the $7,000 support level on Thursday, as the number one cryptocurrency continues to hold onto Wednesday trading gains. Altcoins moved into positive territory, with Maker, Waves, Ravencoin and Theta leading the advance. The Crypto Fear & Greed index, which analyzes market participants’ emotions and sentiment, recovered from a 3-month low, but continues...Read More
Theta has a bullish short-term and medium-term trading outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern may be forming The daily time frame continues to shows that a bullish wedge pattern breakout has occurred Theta has recently been on the rise and posting impressive trading gains, trading counter to...Read More
Stellar Lumen has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern may be forming The daily time frame continues to show that a bearish wedge pattern breakout has occurred Stellar Lumen has fallen to a fresh multi-year trading low, following Tuesday’s wide-spread cryptocurrency...Read More
The market is attempting to stage a recovery during Wednesday’s U.S. session, following another heavy crypto sell-off earlier this morning. Almost the entire top 10 plunged to fresh multi-month trading lows before partially bouncing back. Litecoin notably recovered almost all losses, after falling to its lowest level since February 11th, around the $36.00 level. BTC/USD...Read More
Digital currency prices plummeted on Tuesday, as cryptocurrency markets lost billions during the morning trading sessions, New York time. BTC dropped well below the $7k range and other digital assets followed BTC’s path with sharp losses. Crypto prices haven’t been this low since May as the market valuation of the entire cryptoconomy is struggling to...Read More
EOS has a bearish short-term and medium-term trading outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern has been invalidated The daily time frame shows that a bearish wedge pattern breakout has occurred EOS is under heavy downside pressure, following Monday broad-based cryptocurrency market sell-off. EOS/USD now trades at its...Read More
Bitcoin continues to trade below the psychological $7,000 level, following Monday’s wide-spread crypto sell-off that caused the market to shed over $10 billion in value. All top 10 cryptocurrencies continued to trade at fresh monthly trading lows, though XRP was affected and continued to rack up losses under the $0.20 level. BTC/USD long positions continue...Read More
On Monday, the blockchain surveillance company Chainalysis published an excerpt from the firm’s upcoming crime report that will publish in January. According to the Chainalysis research, the Ponzi scheme called Plustoken not only defrauded investors out of $3 billion but the scam “may also be driving down the price of bitcoin.” Also read: Mystery Surrounds...Read More
Bitcoin broke below $7,000, dropping over 3% in the last 8 hours. The move proceeds a drop three weeks ago that had BTC touch $6,500—does the market have more legs down? Bitcoin lost 3.4% of its value in 8 hours, dropping from $7,092 to $6,852 on Coinbase. The dip was accompanied by a substantial increase...Read More
