Where do things stand for Bitcoin and Ethereum’s networks?
Bitcoin hit its peak in April at $64,895 and has been on a downtrend over the past two months. Selling pressure was escalated by the dump observed on 19 May and this forced the crypto’s value to fall under $40k. With continuous corrections being seen on the charts, BTC later hit a low of $28,600 […]
Ethereum, Tezos, Synthetix Price Analysis: 25 June
On 25 June, market bears resumed their attack on the recovering cryptocurrency market. This attack was felt by Bitcoin‘s price and market cap, with the same mirrored by the altcoin sector too, including the likes of Ethereum, Tezos, and Synthetix. Ethereum [ETH] Ethereum’s price was trying to recover over the past couple of days when […]
Here’s what pushed Litecoin’s SegWit usage to 90%
Litecoin has dropped by 68% ever since its peak was noted earlier in May. Although the price of the digital asset has been falling lately, curiously, its Segregated Witness or SegWit usage hit a yearly high of 90% on 25 June. SegWit was adopted by Litecoin in 2017 and is a change in the transaction […]
What Ethereum traders need to be cautious of
Ethereum’s price has been on a downtrend ever since its peak in May. Although its correlation has dropped with Bitcoin, the altcoin was still a part of a volatile market. ETH’s value has depreciated by 55% since May and was currently trading at $1,938. Ethereum daily chart The above daily chart indicated ETH losing support […]
MATIC is on the verge of a…
MATIC’s price dropped to $0.9260 as the crypto market collapsed on Tuesday. However, the price has made a 27% recovery till now. At the time of writing, MATIC was trading at $1.18 with a market capitalization of $7.44 billion. MATIC hourly chart As the price recovered from the brutal fall witnessed earlier this week, it […]
XRP’s restricted movement could change?
XRP’s market was witnessing a recovery, at the time of press. The price of the digital asset turned around on Tuesday from the lows of $0.5499 and was being traded at $0.6409. This 25% recovery has established a base at the price level of $0.6159 and was acting as immediate support, meanwhile, resistance was marked […]
Here’s what Binance Coin will face on its path to recovery
The depreciating value of Bitcoin pushed altcoins down too. Binance Coin [BNB] tried to maintain its consolidation at $330; however, a strong sell-off pushed the price under support. As BNB lost support, it dropped by another 32% and hit $223. BNB found support at this point and the price took a U-turn. It has recovered […]
How are Bitcoin miners weathering the current storm?
The updated restrictions in China have put immense pressure on miners and Bitmain intends to help them out. According to the latest announcement, the world’s top bitcoin mining-rig maker halted sales of new equipment after Bitcoin collapsed nearly 46% since its peak in April. The company announced its decision on Wednesday and added that this […]
Cardano: If the price manages to push past this level, traders may hold on to this
As Bitcoin trended lower on Tuesday, most altcoins also followed it due to their strong correlation. Despite several tries to ward off the bears, the Cardano market got pushed down to the $1.08 price level yesterday. Although the market was now in recovery mode, bearish volatility still ruled the market. Cardano 12-hour chart The above […]
Ethereum’s momentary bullishness is threatened by this
Ethereum’s ecosystem was witnessing tough roadblocks in the cryptocurrency market not only in terms of price but also with decentralized finance [DeFi]. Polygon network has proven to be a worthy competitor for Ethereum’s DeFi Dapps, as the users have been flocking to the former despite ETH’s reduced fees. The price of the largest altcoin was […]
‘One of China’s largest Internet companies entered the NFT field’
Alipay, one of the largest payment providers in China has announced the launch of a platform for the sale of non-fungible tokens [NFTs]. Matthew Graham, the CEO of Sino Global Capital took to Twitter to share the news and shared his purchase using renminbi. The CEO noted: The new feature allowed users to buy NFTs […]
Why ‘Ethereum’s woes’ have turned into Polygon’s wins?
The Polygon network emerged as an alternative to decentralized finance users amid the volatility-driven period. It not only posed as a competitor to the established Ethereum network but also Binance Smart Chain. According to data, in the past week, the top 10 DeFi applications on the Polygon network attracted just over 242,000 unique active wallets. […]
‘I sold almost all of my bitcoin’ vs ‘buy the dip’: which makes sense?
The value of bitcoin dropped nearly 50% from its peak observed in April at $65,000. The onset of bearishness in the cryptocurrency market was triggered by an impending correction, followed by China’s move to crackdown on cryptocurrencies. As BTC price descended to $31,000 CNBC’s Jim Cramer who recently hopped on the Bitcoin train, was now […]
‘Bitcoin’s six-week run of outflows has been driven’ by these factors
The Bitcoin market was witnessing strong sell-offs for over a month now. On Monday, the largest digital asset plunged to its monthly lows of $31k, triggered by the ongoing crackdown by China. This has spread panic among investors. Over the past week, Bitcoin outflows totaled a massive sum of $89 million, while the bitcoin outflows […]
This is the way things stand for Bitcoin: $30k support goes bust
Bitcoin lost support at $30,000 and was trading at $29,552. Since the weekend, the digital asset has been losing value as China’s crackdown on cryptocurrency may have injected fear investors. Currently, BTC was facing a drop of 52% from its peak at $65k, reported in April. This sell-off could be the result of the Death […]
This could make buying Bitcoin and other cryptocurrencies more expensive for Indians
India introduced equalization levy in 2016 intending to tax digital transactions- the income accruing to foreign e-commerce companies from India. Although it aimed to tax business-to-business transactions, the tax department is now wondering if the 2% levy is applicable for cryptocurrency assets bought from foreign exchanges. According to reports, the tax department was analyzing if […]
Ripple CTO says this about Dogecoin’s DogeCar crash
Dogecoin community was rooting for the Dogecoin-branded car which was a part of Saturday’s NASCAR race. However, much like the digital asset, the DogeCar met some difficulties and finished the race in the last place. NASCAR Tweeted about the incident: Before the race, the Dogecoin community was enthusiastic over this inclusion and #DogeCar was trending […]
XRP price analysis: 21 June
XRP dropped by almost 17% from $0.7737 to $0.6516 on Monday. This fall can be associated with the bearishness that hit the Bitcoin market as the Chinese authorities tightened their noose around mining and crypto payments. As BTC collapsed to $31k, the altcoin market also followed suit. However, the report about MicroStrategy’s massive investment in […]
MicroStrategy definitely knows how and when to buy the Bitcoin dip
On Monday, Bitcoin opened at a value of $35,559, after which it slipped to $31,000. This posed a perfect opportunity for holders like MicroStrategy to add more Bitcoin. the firm announced an additional investment of ~$489 million. According to the CEO of the company, Michael Saylor, the company purchased 13,005 BTC at an average price […]
All these banks must strictly implement ‘Notice on preventing Bitcoin risks’
It’s no secret that China is not a fan of cryptocurrencies. To reaffirm its objection towards the use of virtual currencies, China’s central bank interviewed 5 banks and Alipay and requested them to not participate in activities associated with virtual currencies. As per reports, banks that were interviewed by the authorities of People’s Bank of […]