Markets

The pioneer cryptocurrency remained stagnant during the third week of October.Bitcoin Remains Dormant While Traders Wait for VolatilityIt kicked off on Monday, October 12th, trading at $11,374, and closed Friday, October 16th, at $11,372. The bulls nor the bears could control BTC’s price action, showing indecision among market participants.Due to the dormant price action seen during the week of October 12th, Bitcoin’s volatility took a significant hit. The 60-day average dropped to a low...

Stellar lumen price is gaining pace above the $0.0800 resistance level against the US Dollar.XLM price traded as high as $0.0837 and it is now well above the 55 simple moving average (4-hours).There is a declining channel or a bullish flag forming with resistance near $0.0812 on the 4-hours chart (data feed via Kraken).The pair could resume its upward move once it clears the $0.0812 and $0.0820 resistance levels.Stellar lumen price is showing bullish signs above $0.0780 against the US Dollar,...

Ripple price started a fresh decline after it faced as strong resistance near $0.2600 against the US dollar.The price is now trading well below the $0.2480 pivot level and the 55 simple moving average (4-hours).There was a break below a key bullish trend line with support near $0.2500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to continue lower if there is a clear break below the $0.2380 support.Ripple price is trading is a negative zone below...

For the first time in it’s long and prominent history, Coinbase – a leading cryptocurrency exchange in the western hemisphere – has announced it will be sponsoring two separate bitcoin developers.Coinbase Is Moving in a Whole New DirectionThis marks a serious change for the trading platform, who in the beginning, has refused to take such a position when it comes to bitcoin and cryptocurrency developers. However, the company has taken quite a bit of backlash over the years for refusing to take...

Will stable currencies ultimately take over bitcoin? According to a new report, the controversial stable coin known as Tether is slated to become the second-largest cryptocurrency by market cap as early as next year, and will only be smaller than bitcoin, but how long will that last?Is Tether About to Get Much Bigger?The world of stable coins has doubled in the past few months, and it looks like average traders and retailers alike are getting into the stable coin craze. Even Atari, a video...

In the latest report summarizing the Q3 2020 developments in the cryptocurrency field, CoinGecko has classified the outcome as the “summer of decentralized finance (DeFi).” The popular data aggregator noted that the top-performing decentralized exchanges saw (DEX) massive growth in terms of trading volume resulting in reducing the market share of centralized exchanges (CEX). DEX Are On The Rise CoinGecko’s report emphasized on the developments within the decentralized finance...

Bitcoin has overcome the recent price dip beneath $11,300 and currently hovers around $11,400. Most alternative coins have displayed relatively strong performances and the total market cap increased over the weekend. Bitcoin Back To $11,400 Bitcoin traded around $11,350 yesterday after a calm 24-hour period despite potentially impactful news coming from the popular cryptocurrency exchange OKEx. As CryptoPotato summarized, the platform suspended withdrawals after its founder...

New research is suggesting that if a second round of stimulus checks are approved, the bitcoin price is likely to react positively.More Stimulus = Higher BitcoinWhen the coronavirus pandemic first struck global markets in March of this year, bitcoin sunk down to the high $3,000 range. The asset struggled to make a name for itself the way cash and stocks did, with the former struggling due to inflation. However, many people, over time, began to see bitcoin in an entirely new light, feeling...

The drama around OKEx started on Friday when news broke that the popular exchange had suspended all withdrawals from the platform.  Almost immediately, the cryptocurrency market reacted with price drops. Bitcoin lost about $350 in a few hours.  Shortly after, reports emerged that OKEx co-founder Xu Mingxing was taken by police officers over a week ago and hadn’t returned to work yet.  CryptoPotato reached out to OKEx for comments, and a company spokeswoman asserted that...

Coinbase has released its recent Transparency Report, and the results are not at all encouraging for privacy advocates and believers in an “anti-establishment” philosophy of cryptocurrencies. According to the company, out of 1914 requests for information it received, 1848 of them corresponded to subpoenas and interactions made by criminal investigation agencies, and only 66 came from civil or administrative agencies. Type of Information Requests sent by Law Enforcement...