Markets

Although the Bitcoin blockchain lacks the infrastructural model to enable interoperability and power a DeFi landscape like Ethereum, the asset is increasingly being used to provide liquidity in the DeFi market.Without any doubt, the Ethereum blockchain remains the core foundation of the DeFi narrative due to the ever-growing network of applications and developers relying on its infrastructure to power innovative financial systems. Hence, for a while, it was almost impossible for crypto...

October looks promising to Bitcoin traders as the price hiked in spite of pushes from regulators.As the volatility in the markets grows, Bitcoin seems to be referred to as the safe-haven outdoing Gold in this matter by 5.20% since October 1. While many investors saw an FCA regulation on crypto CFD’s as a bearish signal for BTC and the crypto-assets as whole, in fact it was the opposite and the explanation to this paradigm is simple. Traders who trade Bitcoin CFD’s on an FCA regulated broker...

Polkadot is one of the biggest cryptocurrency projects, currently ranked eight in terms of total market capitalization. Now, the team has revealed that trustless wrapped Bitcoin will come to its ecosystem in early 2021 through Interlay – a framework designated to allow permissioned and permissionless blockchains to connect and interact. Polkadot’s BTC-Relay Effort Known as Interlay, the framework that has been under development since 2018 aims at allowing various permissioned...

Ken’s idea to receive his salary on XRP over Japanese Yen will give him some added market advantage over time.Professional Super Smash Bros. Ultimate player, alias SSBU, Kengo Suzuki in partnership with SBI e-Sports has announced that he will receive his annual salary in digital asset XRP.“From today, I will belong to the Smash Bros. division of SBI e-sports. The annual salary will be received as crypto asset “XRP” based on the sponsorship contract with SBI VC Trade Co., Ltd,” Ken...

Tesla revealed its readiness to do everything to continue offering favorable car pricing and introducing price slashes when necessary.Tesla Inc (NASDAQ: TSLA) has yet again slashed the price of its Model S sedan cars by about 3.5% as revealed by Chief Executive Officer Elon Musk. According to a report from CNBC, the Tesla price slash comes partly as a means to wade off competition from Lucid Motors who announced the pricing of its Lucid Air cars with a 406 mile EPA range at $69,990 in...

EOS started a downside correction after it failed to clear the $2.720 level against the US Dollar.The price is currently facing hurdles near $2.650 and the 55 simple moving average (4-hours).There is a major declining channel forming with resistance near $2.650 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair could either restart its upward move above $2.650 or decline further towards the $2.500 support.EOS price is struggling to gain pace above $2.700 against the...

Apart from a brief spike to above $11,500, Bitcoin has remained relatively calm around $11,400 in the past 24 hours. Most alternative coins have marked minor losses, with Ethereum dipping below $380 and Ripple beneath $0.25. Bitcoin Stays Around $11,400 As reported yesterday, Bitcoin traded around $11,400, despite US President Donald Trump’s call for additional economic stimulus. In the past 24 hours, BTC initiated a leg up towards its daily high of $11,550 (on Binance)....

Litecoin price traded above the $48.00 and $50.00 resistance levels against the US Dollar.LTC price is currently trading above the $48.50 support level and the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $48.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to resume its upward move unless it breaks the $48.50 support zone in the near term.Litecoin price is showing positive signs above $48.00 against...

The research added that around 14% of the total supply is currently held in accumulation addresses. The findings by on-chain analytics firm Glassnode report that there has been a steady up trend in Bitcoin accumulation since the beginning of 2019. The chart overlays price action and the two do not appear to be correlated as prices have been sideways on that long time frame. The balance in accumulation addresses fell sharply during the massive bull run in 2017 as long term...

Despite a promising start to the week, the bullish Bitcoin traders have struggled to maintain momentum. In the last few hours, bears have successfully overcome the intra-week support (white line), which was helping to keep BTC in an uptrend, and are now threatening to drive prices back towards the 0.5 Fibonacci level at $11,150. Looking at the 4-hour chart, we can see that the decline was foreshadowed by a significant divergence between the RSI and the price action (yellow...