Learn How Trade Crypto
After months of stability, cryptocurrencies are under a renewed bear attack, as total market capitalization has again dipped below $188 billion. The current sell-off comes after months of range bound trading on markets. This is a negative sign because it shows that, after a period of relative balance, sellers have gained the upper hand. None of the […]
The rapidly expanding world of cryptocurrency is currently home to over 1000 blockchain projects and platforms. As users increase, newer platforms emerge to accommodate them. However, the industry remains turbulent in the face of regulatory uncertainty, cybercrime and incredibly volatile markets. Although investors flock in hoping for a repeat of the fantastic prices that several cryptocurrencies like Bitcoinrose […]
Merged mining, or Auxiliary Proof-of-Work for the more technical crowd, is the process of mining two separate cryptocurrencies at the same time. Although not as popular as traditional Proof-of-Work or even Proof-of-Stake consensus algorithms, some projects have implemented merged mining to ‘piggyback’ off more secure networks as they grow. Although he didn’t include it in the […]
Bitcoin kicked off the week by erasing gains made during the weekend, falling 1 percent against the US Dollar. The BTC/USD pair stayed depressed despite an upside attempt, printing intraday lows near 6319-fiat against the high at 6384-fiat. The breakdown action in the European forex market helped the dollar establish its 16-month high. Due to the […]
Key Points Bitcoin price declined recently below the $6,300 support before correcting higher against the US Dollar. There was a break above a connecting bearish trend line with resistance at $6,360 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is struggling to break the $6,380 resistance and the 100 […]
Currently, around $6,400, Bitcoin is maintaining stability while beating the stock market in continuation of last month. Though Gold surged as global markets got hit in October, this month is seeing a drop in its prices, for now, Bitcoin is yet again going steady with a few oscillations. What chance does it have now? Bitcoin […]
Bitcoin (BTC) has practically done nothing for the past few weeks. Recently, Vinny Lingham, the founder of Civic made a $20,000 bet that the price of Bitcoin (TBC) would not rise above $28,000 before 2020. This is a really bold statement coming from a Bitcoin (BTC) maximalist. The number of people who are still optimistic […]
Bitcoin (BTC) is expected to retrace after a prolonged rally since the beginning of this month. The 4H chart for BTC/USD shows that the price has entered a rising wedge. We can see that the price has already faced rejection three times at the top of the wedge and is now preparing for a fall. RSI has […]
On October 31, multinational investment bank and financial services company, Morgan Stanley, released their latest report on Bitcoin. The report, entitled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stated that Bitcoins and altcoins have constituted a “new institutional investment class” since 2017. In comparison to Morgan Stanley’s 2017 report on Bitcoin, their 2018 outlook is bullish. The report contains an overview of both how Bitcoin […]
Ethereum is now three years in the making. Vitalik Buterin, the Russian-Canadian whizkid who co-founded the platform, hoped that popular Dapps (decentralized applications) would become the new normal. Little did he know that his smart contract blockchain would wind up being a wildly popular way to raise capital, known as the initial coin offering (ICO). His […]