Comparison between Bitcoin and the U.S dollar is an unavoidable plot in the current financial industry. With the increased interest in the Bitcoin market, the asset is currently more defined and credible than in the past and its movement has often been the bud of many discussions. With the U.S dollar index recently rising, an...Read More
Disclaimer: The following article attempts to analyze the emerging pattern in the XRP short-term market and its impact on price. The third-largest crypto, XRP has reported a surge in price over the weekend. This could also be seen in the Fibonacci retracement levels marked for the given period. The coin’s chart shown below marked the...Read More
The International Blockchain Monetary Reserve (IBMR), a microfinance economic development agency, today launched what it claimed to be the world’s first “microequity” exchange – MESE.io. According to a press release sent to AMBCrypto, the platform, which runs on the Algorand blockchain protocol and ChainUP’s cloud exchange technology, will allow users to trade global tech stocks...Read More
Binance Coin shed value in early September but the bulls were out in force as they drove the price steadily upward. IOTA showed a strengthening upward trend and Zcash showed signs of bullishness in the near-term. Most altcoins, including IOTA and ZEC, have been trending downward since August, so their bullish momentum might be short-lived....Read More
Lately, there seems to be a lot of good news when one looks at the on-chain metrics for Bitcoin. Earlier the price briefly moved above $11K but fell back down to $10,700 as of Tuesday morning – the price moving seemingly in tandem with the stock market. Bitcoin: Glassnode Network Index Source: Glassnode As per...Read More
Bitcoin surged briefly to $10,900 but faced selling pressure and dropped back to $10,690 at press time. This drop also caused major altcoins to face a minor, yet quick drop. Bitcoin Cash dropped from $230 to $225 but showed bullishness in the near-term. Dash experienced a drop but it was likely to be followed by...Read More
With defi frenzy coming to palpable levels, all seemed well until a new project by Andre Cronje went awry. This has resulted in a loss of $15 million in funds, out of which $8 million was sent to Cronje’s yearn deployer account as a “sorry” note. Eminence is/was an unfinished game with an in-game economy...Read More
Ethereum’s long-term outlook seemed bearish, at the time of writing. In fact, the price might drop by 20-30% as this bearish pattern develops on the charts. Interestingly, this might coincide with Bitcoin’s movements as well. Here, it should be noted, however, that this is all happening on a weekly time frame, and hence, it could...Read More
Despite high price turbulence and trend concerns, Bitcoin noted a major milestone over the past 24-hours. According to data released by Messari, Bitcoin completed its longest-ever period above $10,000, crossing its previous record of 62 days that spanned over 1 December 2017 and 31 January 2018. While comparisons with Bitcoin’s most bullish period are good...Read More
Disclaimer: The following price prediction should not be considered as investment advice. Bitcoin SV, despite setbacks, continues to hold on to the ninth rank on the cryptocurrency charts, managing to keep itself within the market’s top-10. However, with DeFi coins gaining more traction lately, it might not be a surprise to see old cryptocurrencies slide...Read More
Tezos burst past its resistance level on the charts, but its downtrend was unlikely to have been reversed. Further, IOTA showed signs of a bullish trend in the short-term after defending a level of support against bearish pressure. Compound too formed a bullish reversal pattern, however, it would take more time to either validate or...Read More
After touching a 2-month low on 24 September, Cardano underwent a reversal and the price flipped significantly on the charts. After breaching its key resistance level on the daily timeframe, the crypto-asset was valued at over $0.10, at press time. However, the rally might have been a little too abrupt, which may be why another...Read More
Bitcoin has been pulled out of cryptocurrency exchanges since the start of 2020, while its price has surged by 32% year to date. At first, it may seem counterintuitive that Bitcoin is being pulled out of exchanges while there is an uptrend in prices, especially since while the price has risen by 63% since 2019,...Read More
Monero was moving within an ascending channel at press time, but it might face stiff resistance at and just beyond the $100-mark. Algorand has shown bullishness over the past few days and looked poised to see another hike in the next few trading sessions. DigiByte’s charts pointed to a lack of momentum in the near-term,...Read More
DeFi protocols have seen rapid adoption, growth, and an exponential rise in TVL in 2020. The latter is an especially good metric since while a high number of daily/monthly active users is not a direct indicator of a project’s growth, Total Value Locked is, when gauging how well a DeFi project is doing. Source: DefiPulse...Read More
Everybody has a favorite day of the week. For the workaholics, it’s Monday, for the weekend warriors, it’s Sunday, and for everyone else, it’s Friday. Well, not really, but you get the point. There’s a day of the week for all of us. But, is there a day of the week for Bitcoin? It’s been...Read More
XRP showed signs of bearishness on the charts, although on a longer timeframe, there was the possibility of a bullish breakout. NEO has been forming a bearish pattern over the past few days, with the same validated as NEO sought support in the face of selling pressure. Dogecoin could be entering a period of low...Read More
The price of Bitcoin Cash was flourishing, at the time of writing, with BCH’s price picking up momentum since the 23rd of September. After briefly testing a low of $200, the crypto-asset was quick to recover by $20 within a day. In fact, over the past couple of days, the crypto-asset has consolidated between $235...Read More
The Inland Revenue Department of New Zealand has re-ignited its interest in crypto-assets and its investors after it asked companies dealing with them to hand over customer details. The guidelines in question present a set of requirements which include the customer’s personal details, as well as info on the type of crypto-assets they are holding....Read More
Tron formed a bearish divergence on the charts, one that could see the price lose a level of support. Polkadot was in a consolidation phase in the near-term, with no breakout initiated at the time of writing. Decred, on the contrary, continued to face steady selling pressure and was set to continue on the same...Read More
In what seems like an update that was a long time coming, Bittrex’s $ADA wallet is up and running once again, processing deposits and withdrawals with the required updates to the Cardano protocol. The same was announced by Richie Lai, Co-founder and CIO of Bittrex, on Twitter. Yes it has happened… $ADA wallet open and...Read More
Binance Coin exhibited bullishness in its market, but it could see a minor drop of 2-3% before noting further gains. NEM broke out of a period of consolidation and appeared to have flipped a level of resistance to support. Verge showed bearishness in its own market. Binance Coin [BNB] Source: BNB/USDT on TradingView At press...Read More
Bitcoin Options are holding steady, despite Friday’s expiries that amounted to over $1B. As predicted a week ago, the expiry event was a smokescreen. In fact, the outcome was the opposite of the anticipated crash on the CME, with Open Interest and Volumes remaining consistent. According to data from Skew, $7B worth of contracts expired...Read More
When it comes to cryptocurrency adoption, the past year has been dominated by the fact that institutional investors are now pouring into the digital asset market. In light of growing regulatory clarity and products like those offered by Grayscale that make traditional investors feel right at home when dealing with crypto, the last 12 months...Read More
Chainlink was noting some bullish momentum in its market in the near-term, but it still had an important level of resistance to reclaim to flip its bearish medium-term outlook to bullish. This comes after a recent report suggested that Chainlink had decoupled from Bitcoin. FTX Token rose past a level of resistance. but the market was...Read More
MicroStrategy’s $500M investment in Bitcoin, now its primary asset reserve, has consistently made the headlines for over a week. Significantly, this move was viewed as an indicator of institutional interest since it has long been considered to be an important driver of Bitcoin’s price. During the historic bull run of 2017, institutional interest was key...Read More
Chainlink and its marines are in utter disbelief after the coin dropped by 62% from its ATH in just over a month. Regardless, the marines have diamond hands and are holding their bags, especially retail. Their patience might be rewarded soon, however, as the price was pointing towards a bullish breakout soon. However, the bears...Read More
Stellar Lumens’ charts pointed to bearishness in the short-term after it was unable to scale a level of resistance. In fact, XLM has been forming lower highs for over a month, highlighting a downtrend over the longer time frame as well. STEEM too formed a bearish pattern on the charts and was poised to drop...Read More
Bitcoin has been treading higher every day and was priced at $10,700, at the time of writing. While most of the market is still hesitant due to choppy market moves, there is an upside to this. The overall market sentiment has shifted recently from being fearful to one of neutrality, after a small Bitcoin surge....Read More
Let’s face it, no one wants to buy Bitcoin. Let me explain. What I mean is, no one wants to buy Bitcoin at its current price, whatever its price may be. We always tell ourselves, “maybe tomorrow it will have fallen some more, and then I’ll buy it.” And oftentimes, tomorrow doesn’t come. However, some...Read More
