Markets

While major cryptocurrencies such as Bitcoin, Ethereum, XRP, and Litecoin have seen significant drops in value and have taken most of the press attention, one smaller token Chainlink has actually doubled in value in recent times.The cryptocurrency market saw its highest recorded values for the year in the month of June 2019 but since then, has struggled to maintain this momentum. Following reports of Binance’s Shanghai office being closed down by the authorities which were later debunked, the...

Just yesterday, we had celebrated the goodbye party from the $8000 price level, which held Bitcoin for the past couple of days.Yesterday’s bloody price action ended up in a retest of the significant support area of $7400. The last was the lowest price level of BTC before the vast 42% price surge, which took place on October 26, and ended up touching $10,350.It’s not even a month later, and Bitcoin is down again, no recognition of the October 26 impressive price surge. Bitcoin is now...

Bitcoin price is still falling which causes a lot of worries among the traders. As on BitMEX and Bitstamp, it fell below $7,400, it has now seen its lowest points in the last four weeks and has crashed 50 percent since it’s year-long high in June.The crypto market, like any other financial market, is subject to price changes and swings at certain times but it has become rather interesting to watch over the years. In its initial stages, it was predicted that Bitcoin and other cryptocurrencies...

The rumor in the air has been that Binance has shutdown its Shanghai following a police raid. On Thursday, November 23, several online publications including CoinSpeaker reported that Binance has relocated its 100-member Shanghai team to other offices in Singapore.The report also states that Binance has planned to shut down its Shanghai office completely. Furthermore, it added that Binance CEO and founder Changpeng Zhao and the company’s Chief Marketing Officer (CMO) Yi He, have already moved...

More and more Bitcoin ATMs are popping up across the world and sometimes they become a target of wrongdoers. A couple of thieves recently robbed a Bitcoin ATM in Canada. They took around $3,000 out of the machine and what is more interestingly – forgot to take the remaining $37,000.Bitcoin ATM Robbery In CanadaThe place of the heist was a local food market in Vernon, British Columbia, Canada. Apparently, two thieves decided that the Bitcoin ATM is a valuable target, and as per the reported...

Bitcoin cash price is declining and it recently broke the $238 support area against the US Dollar.The price is struggling to recover and it seems like it may even break the $215 support.There is a key bearish trend line forming with resistance near $240 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).The pair remains at a risk of more losses towards the main $200 support area.Bitcoin cash price is tumbling below $238 and $220 against the US Dollar. BCH/USD is likely to test...

Recent reports currently suggest that one of the world’s largest cryptocurrency exchanges, Binance, has had its Shanghai office shutdown causing its many staff members to either work remotely or even completely abandon China and move to Singapore. According to sources familiar with the matter as cited by The Block, there is currently no fully functioning Binance Shanghai anymore.The cited sources have also added that the office was recently raided by police in the area, for unknown reasons....

XRP decreased by about 3.57% over the past 24 hours and it currently trades at $0.243. The cryptocurrency is down by more than 15% over the past couple of weeks as it lost the support at $0.2584.XRP remains the third-largest cryptocurrency with a market cap of $10.70 billion.Looking at the XRP/USD 1-Day Chart:Since our last analysis, XRP fell below the support at $0.2584, $0.250 to reach the current trading level of $0.244.From above: The nearest level of resistance lies at $0.2518. Above...

A research report published by cryptocurrency firm Coinshares shows millennials’ increasing lack of trust in fiat currencies.A number of countries witnessed massive inflation in 2018, further hurting confidence in fiat.Google search for terms “bitcoin” and “cryptocurrency” increased at the same time and coincided with a surge in market cap cryptocurrencies.Last week, British cryptocurrency research firm Coinshares published its ‘Crypto Trends Report’. Their research, coupled with the report...

Volatility is back in the cryptocurrency market but unfortunately, this time, the prices went south. Bitcoin lost almost $800 in today’s trading session, dragging the entire market down with it. BTC’s dominance, however, remains untouched, meaning that altcoins are still unable to capitalize on the sudden drop.Bitcoin Plunges $800 In HoursBitcoin’s price took a beating today. The cryptocurrency dropped from a daily high $8,110 on BitMEX down to $7,350, marking a steep decrease of more than...