Crypto.com Coin was ambivalent at press time, with no overall direction to its movement in the past few days. This could change in favor of the bears shortly. Stellar Lumens formed a bullish pattern and could have the bullish momentum to flip resistance in the next few hours. Synthetix Network Token showed bearishness and was...Read More
The volatility in the crypto market has been growing and Bitcoin has broken out of its consolidation phase. This uptick in volatility may indicate a larger game at play for the future of Bitcoin. This expectation has been in the market for a long time, even when BTC consolidated and more and more users were...Read More
Decentralized crypto-exchange 1inch announced today that it is collaborating with cybersecurity solutions provider Hacken to improve the platform’s security by auditing its code, APIs, and infrastructure. According to the press release, the Hacken team would focus particularly on serving as a cryptocurrency exchange auditor. Hacken was previously in the news after it announced its integration...Read More
The crypto market as a whole displayed a sense of divergence in the charts at the time of writing, with Bitcoin SV witnessing appreciable gains on one hand, while on the other, alts such as IOTA and Dogecoin were trading below crucial pivot levels. Bitcoin SV [BSV] Source: BSV/USD on TradingView Over the last 24...Read More
The crypto market saw a relatively stable week as Bitcoin continued its quest towards $11k. However, it has not been easy for BTC to surpass this level as every time it reaches close to $11k, the selling pressure pushes the price of the asset down. Even though the resistance was strong at $11,000, data suggests...Read More
While Bitcoin and Ethereum appeared to hold fort on the charts, other altcoins were undergoing a severe period of price drops yet again in the industry. Consistent bearish pressure became an unavoidable situation in September 2020, as Chainlink, Ontology, and FTX token experienced another period of depreciation over the past day. Chainlink [LINK] Source: LINK/USD...Read More
The government of Venezuela has floated a new use case for cryptocurrencies, President Nicolas Maduro said during a recent speech, one that highlighted the possibility of using digital assets in trades, alongside the cryptocurrency Petromoneda (or Petro). The controversial Petro was launched two years ago to reduce the Venezuelan economy’s dependence on the U.S dollar....Read More
For XRP maintaining a position above $0.22 is extremely important at the moment. As indicated earlier, the long-term bullish rally is dependent on its mediation above this price range and XRP’s recent re-test at this support raised a few concerns. With the price currently near $0.24, some of the nerves have settled down but the...Read More
While DeFi has been one of the keywords of the year for the digital asset industry, Wrapped Bitcoins or WBTC has been one of the definite highlights of the Decentralized Finance space. The growth of WBTC has been nothing less than extraordinary, and at the time of writing the total valued locked in WBTC is...Read More
Ethereum neared a level of resistance while forming a bearish pattern. Longer time-frame analysis showed that the asset appeared bearish. VeChain continued to form higher lows and though it lacked momentum at the time of writing, the next few days could see a rise for VET. Maker showed signs of bullishness and could seek to...Read More
Bitcoin’s multiple failed attempts to hit the $11,000 in the last week shows the lack of buyers’ momentum. In fact, the last time bitcoin hit $11,000 was when it fell from its local top at $11,100. Recent on-chain data suggests buyers might be ousted as short-sellers are racking up. Buyers Vs. Sellers The long to...Read More
Polkadot could face significant levels of resistance in the coming trading sessions that might prove too strong for DOT to surmount. Dash was unable to flip a level of resistance and was likely headed for a drop towards its support. Tron showed strong signs of bearishness in the near-term. Polkadot [DOT] Source: DOT/USDT on TradingView...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on price. Like the uptrend in the Bitcoin market, the Bitcoin cash market has also been witnessing an upwards trend. The value of the digital asset has been surging over the past few days, with some...Read More
Bitcoin inflow to exchanges has dropped to record levels and as demand/ supply also continues to drop this may be the calm before the storm, however, inactivity on spot/ derivatives exchanges can be explained by Bitcoin’s volatility level. According to Bitcoin’s 60-day volatility chart by Willy Woo, Bitcoin’s volatility has dropped to the 2019 level....Read More
Bitcoin made another attempt at $11,000 but couldn’t reach past $10,856 before facing rejection. At press time the coin was being traded at $10,727 after having seen a minor hike of 0.33 percent in the past 24-hours. Source: CoinStats Litecoin surged above a level of resistance and could continue to rise in the coming hours...Read More
A new survey by the Royal United Services Institute and ACAMS seems to have ruffled a few feathers, while also strengthening few of the market’s prevailing narratives. The survey found that a majority of the respondents associated with either the government or financial institutions, private or otherwise, think of cryptocurrencies as a risk, rather than...Read More
With the world’s largest altcoin Ethereum priced above $350, at press time, major cryptocurrencies now appeared to be less conflicted with their price recovery. At the same time, Tezos and Stellar Lumens continued to improve from their weekend valuations, as a bullish market momentum resurfaced for the two altcoins. DigiByte, however, had witnessed a dip...Read More
Popular San Francisco-based crypto-exchange, Coinbase, announced today that eligible users can now earn 5% APY on their Cosmos (ATOM) held on the platform, according to a press release shared with AMBCrypto. The announcement follows the launch of staking rewards for Tezos, which were made available to customers in the U.S, U.K, France, Spain and The...Read More
Cardano showed a bearish divergence on the charts that played out in the near-term and saw the price drop toward $0.1 once more. Monero registered some selling pressure beneath an important level of support. Algorand showed signs of bullishness and could be set to register good gains in the coming days after a break out...Read More
“We simply attempt to be fearful when others are greedy and greedy when others are fearful” Warren Buffet’s quote may sound like a cliche when discussing risk management in a crypto portfolio, nevertheless, it is true. Recently, on-chain analyst @DaanCrypto suggested risk management techniques for crypto traders in a long twitter thread. Source: Twitter While...Read More
Chainlink appeared to be in a phase of consolidation, although the price could also suffer a minor drop. Cosmos was perched on a level of support, and can be expected to rise higher after breaking out of a bullish reversal pattern. Dogecoin continued to trend lower, as it has done since its huge pump in...Read More
Time and again, the digital assets industry has witnessed a domino effect. In case you missed it, on 21st September, Bitcoin’s price declined by 6.46%, falling from $10996 to $10286. A little recovery was observed on the 22nd, but on the 23rd, the asset shaved another 3.82 percent. The bearish floodgates in the crypto market...Read More
Cryptocurrency exchange KuCoin’s hack has been the talking point of the week, with the culprits involved later making headlines after they tried to move the stolen crypto onto several decentralized exchanges. The hack and its perpetrators are in the news again today after Whale Alert revealed that part of the stolen funds, including a lot...Read More
This year witnessed close competition between major assets raking in great profits. However, the actors who also contributed to the smooth transfers of most major cryptos were stablecoins, which have also witnessed exponential growth in the year 2020. The total volume of stablecoins in circulation has reached $20 billion, as USDC carves a higher share....Read More
Polkadot, VeChain, and Basic Attention Token all exhibited bullish patterns or demand from buyers and could be set to surge in the near-term. However, Bitcoin’s inability to rise past $11,000 and $11,200, accompanied by a rising Bitcoin Dominance, could spell more losses for altcoins in the coming weeks. At press time BTC was trading at...Read More
The Bitcoin market surged over the weekend and in turn, helped its hard forks to also witness a brief boost in price. At press time, most alts were witnessing an attempt towards recovery but it may take sometime as the fall that was visible in Bitcoin’s market was 2.41%, which was intensified in the altcoin...Read More
While most of the coins were undergoing a period of recovery in the past few days, the enthusiasm was lacking on Litecoin’s side. The asset has been unable to carve a bit of distance from its support at $45, staying close to the price range. With a 24-hour change of -2.5%, Litecoin had a market...Read More
In what seems like a perfectly normal day in the defi landscape, another project was exploited. Andre Cronje’s gaming project – Eminence was pre-launched without his knowledge and a bug in the ecosystem was exploited that cost its users $15 million. This, coupled with low defi volumes, and a few other things indicate that the...Read More
Over the past 12-hours, Ethereum has dropped below the resistance at $360 in the charts but continues to consolidate within close proximity to $357. At press time, the asset seemed to hold its own but it might face a minor bearish pullback if the price pattern takes a decisive turn. With a trading volume of...Read More
After three weeks of a bearish market, a few digital assets had witnessed noticeable uptrends towards the end of the third quarter of 2020. Maker, claiming its place consistently in the green zone, witnessed a price surge of almost 20 % in the last one week. The digital asset was recently in the news, as...Read More
