With a press time price of just over $11,300, Bitcoin was attempting to head towards its next high on the charts. In fact, at the time, BTC’s price was nearly 8% higher, when compared to the same a week ago, with 88% HODLers sitting on unrealized profits. With the price climbing, HODLers are spending their...Read More
Ripple kicked off its much-anticipated Swell conference on 14 October, with the event highlighting the blockchain firm’s various products and services while also bolstering Ripple’s vision of financial inclusion. On the second day, in an effort to add to this vision and contribute to economic empowerment globally, Ripple announced a $10 million contribution to Mercy...Read More
As per the Special Reporting Act, income tax laws will be applicable to cryptocurrency ownership in South Korea, as of October 2021. However, the provisions of the Act have come under a lot of fire recently. The latest to fire a salvo is the Korean Blockchain Association (KBA) after it voiced its vocal opposition to...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice After testing the resistance level at $11,731 on 13 October, the prevailing market trend took the world’s largest cryptocurrency well below $11,500. While the movement in question should have been minor, later corrections took...Read More
Tezos has been on a recovery run since its price plummeted by close to 35 percent in the first week of September. While its price performance from a few months back seems like a far cry now, during the course of the past week, the coin managed to rake in the gains. However, is the...Read More
Ethereum has been the market’s most important altcoin over the years, with the cryptocurrency continuing to be closely correlated to Bitcoin. In fact, Ethereum was one of the year’s better performers on the back of the DeFi boom earlier this year. However, contrary to expectations, ETH’s value seemed to be back on track at press...Read More
The overall bullishness in the crypto-market seemed to be cooling off, at the time of writing, with the market’s movements mirroring Bitcoin’s bearish trading setups over the previous week. That’s not all, however, as quite a few of the market’s altcoins were picking up on Bitcoin’s bearishness, with the likes of EOS, Ontology, and Maker...Read More
A week after the launch of EOS, Litecoin, and Polkadot Perpetual Swaps, Bitfinex has announced the launch of a new yield product. Bitfinex users can now begin to earn rewards on their crypto-holdings following a new partnership with Celsius Network. The integration in question will allow customers of the exchange platform to create a wallet...Read More
According to an announcement released earlier today, the Mt. Gox rehabilitation plan that was scheduled for submission on 15 October has now been postponed to 15 December 2020. Source: mtgox.com The deadline was pushed after the Rehabilitation Trustee filed a motion to seek an extension of the submission deadline of the rehabilitation plan, following which,...Read More
Algorand Europe Accelerator was launched today to support early-stage projects looking to build applications on the Algorand platform. It is the first Europe-focused accelerator for developers and entrepreneurs building on Algorand and will provide an array of tools and resources for creating decentralized applications. According to a press release received by AMBCrypto, the accelerator, which...Read More
During the second week of October in response to Bitcoin’s negative momentum the altcoin market witnessed a downfall yet again. The same bearishness was visible on the daily charts of Crypto.com coin as it lost nearly 10% in the last two days. Tezos and Digibyte too recorded mounting selling pressure, with the two digital assets at the...Read More
At the time of writing, Bitcoin Cash witnessed a dip in its buying pressure and investors could benefit from the BCH market’s overall bullishness. The recent dip may be an optimal entry point, as the digital asset is poised for good returns in the short term. The Monero market too, was bullish on its daily...Read More
Active Supply of Ethereum hit a 7 month low of 25,311,416.050 ETH on October 8, 2020. Though there have been several updates on ETH 2.0 and its testnet, active supply started climbing steadily only after July 2020, after maintaining nearly the same level for over two years. ETH Active Supply || Source: Twitter When Bitcoin’s...Read More
Chainlink experienced a minor correction and could be set to surge once more, while The Crypto Fear and Greed Index stood at a neutral value of 53, compared to the previous day’s 56. Bitcoin touched $11,800 and formed a higher low at the $11,400 region. The sentiment did not carry over to Tron, which set...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in the EOS long-term market and its impact on the price. Unlike the remaining market, EOS’ price did not respond to the ongoing pump. The value of the digital asset has been consolidating ever since the March crash and noted a brief...Read More
There was some bullish sentiment toward the crypto markets as Bitcoin trended higher, alongside news of institutional interest. Ethereum faced a crucial level of resistance, while IOTA approached a level of resistance with strong momentum while BitTorrent formed a bearish pattern. Ethereum [ETH] Source: ETH/USD on TradingView Ethereum was trading within a rectangle bottom (cyan)....Read More
Everybody knows the BitMEX situation after its CTO, Samuel Reed was arrested on October 1. The implications of this are wide, however, this article takes a fresh look at the situation from the traders’ perspective. Open Interest [OI] The previous article covered the OI drop seen on BitMEX long before the fiasco involving authorities. However,...Read More
XRP had formed a bullish pattern but was rejected and the pattern invalidated as the asset looked to be headed south. VeChain appeared to have lost a level of support it had held tenuously over the past few days. FTX Token surged to reach a level of resistance after breaking out of a month-long downtrend...Read More
While XRP has struggled to get on the immediate bullish scene with the rest of the industry, its long-term credentials were playing right in its path. With the price consolidating above the immediate support of $0.230 after the crash on October 1st, the valuation has done well to keep a position above $0.249. While it...Read More
Breaking out of its consolidation period, Bitcoin‘s value increased to $11,731 on 12 October, before dropping to $11,385, at the time of writing. This drop could be the minor corrections taking place in the market, but this was the longest time frame BTC’s value maintained its position above the $11k resistance in a while. The...Read More
The pandemic was considered to be the tipping point for Bitcoin, however, after hitting a high of $12k in August, Bitcoin’s price has kept retail traders on their toes. Based on the market cycle of Bitcoin, we are in an accumulation phase and the price may drive higher in the next few weeks, however, the...Read More
Cardano looks bearish on both the short and medium-term time frames. On both these time frames, Cardano is hinting at a bearish breakout from rising wedges. This fate is not exclusive to ADA but to most altcoins. Defi coins like Sushi, YFI, etc are all on a continuous downtrend. These coins look like bitcoin for...Read More
The three digital assets, Bitcoin SV, Zcash, and Compound showed bearish signals throughout the day. With over 5% in losses since yesterday, for Zcash and Compound, strong selling pressure could last longer for the two coins. Bitcoin SV on the other hand, while also witnessing a sell-off, dipped only slightly after finally breaking out of...Read More
Disclaimer: The findings of the following article attempt to analyze the emerging patterns in Bitcoin Cash’s short-term market and its impact on the price. The Bitcoin Cash price has been recovering from its early September drop. This recovery was set rolling over the past couple of days when the Awesome Oscillator indicator went above the...Read More
Binance Coin, a native token created to help traders pay for fees on Binance has comfortably established its position in the top-10 crypto this year. During mid-September, the digital asset was able to register its all-time high valuation of $33.83 but within a week, it shed more than 30%, dropping down to $22 on 21st...Read More
Bitcoin Dominance has slowly decreased in the past few days, from 59.99 to 59.69 at press time. Bitcoin surged from a low of $11,250 to a high of $11,750 in the past couple of days. Source: CoinStats The higher lows Bitcoin sets could see a bullish scenario develop for the altcoin market as well. Litecoin...Read More
Positive trends and strong fundamentals seemed to be on the side of the three alts XRP, DASH and Compound. Moving averages favored a bullish trend for XRP. DASH too was favored by the buying sentiment, as a bullish rectangle pattern started to emerge on its daily chart. Compound, on the other hand, displayed low levels of...Read More
Chainlink witnessed a small price correction, but the digital asset looks poised for some gains, with a bullish recovery around the corner. Zcash experienced weak selling pressure, in the midst of a highly volatile scenario. While a positive reversal was expected, prices could move in either direction. DigiByte’s technical indicators suggested a clear bearish scenario for...Read More
Bitcoin’s NVT [Network Value to Transaction ratio] metric is used to determine whether an asset is bullish or bearish. However, using it in tandem with other indicators/metrics works the best. What does it signify? Put it simply, the metric shows if the network is being used a lot or not. If the NVT is high,...Read More
EOS had recent positive fundamental developments that propelled price upward for the asset, although there were some signs of bearishness. VeChain faced significant resistance to any immediate hike in price and might lose a level of support if Bitcoin headed south. BitTorrent had a healthy amount of buyers in the market and might be working...Read More
