After trading below $11,000 for weeks, Bitcoin finally broke above that psychological level with a 5% increase in the past 24 hours. The altcoins have come along for the ride, and the market cap has jumped by nearly $20 billion since yesterday.Bitcoin Breaks Above $11,000Bitcoin was steadily increasing in the past few days and neared the coveted $11,000 yesterday. Unlike the previous attempts to conquer that level, though, BTC smashed above it rather decisively this time.The primary...
Read More »After Surging 33% in a Week, What’s Next for Cardano? (ADA Price Analysis)
ADA/USD – Bulls Rebound From 6-Month-Old Rising Trend LineKey Support Levels: $0.1, $0.095, $0.087.Key Resistance Levels: $0.105, $0.114, $0.12.Cardano dropped from $0.125 in early September to initially reach the support at $0.087 (.5 Fib). The coin eventually penetrated beneath this level as we moved deeper into September and it headed lower into the support at $0.075 (downside 1.272 Fib Extension). The support there was bolstered by a 6-month-old rising trend line which allowed ADA to...
Read More »eToro Launches Cryptocurrency Staking Starting with Cardano and TRON
The growing trend of cryptocurrency staking has reached the multi-asset platform eToro. The company announced today that it will launch a staking service this month. The first two assets available will be Cardano (ADA) and TRON (TRX).eToro To Enable Crypto StakingCryptocurrency staking requires the investors to “lock” a certain amount of coins based on the proof-of-stake consensus algorithm or many of its varieties. Investors typically receive the right to vote and participate in the...
Read More »Crypto Price Analysis & Overview September 11th: Bitcoin, Ethereum, Ripple, Cardano, and Chainlink
BitcoinBitcoin moved sideways this week as a consolidation pattern appeared in the form of a symmetrical triangle. This triangle is best seen on the hourly charts and is highlighted by the white boundaries.The cryptocurrency dropped by a steep 15% in September from $12,000 to the current $10,260 level. The $10,000 level provided strong support throughout the week and allowed the bulls to start to edge higher again. However, it is still trapped within the confines of the symmetrical triangle,...
Read More »Bitcoin Price Defends $10,000 as Market Cap Regains $10 Billion
After a few days of declines, Bitcoin has regained some value and is hovering around $10,500. Most altcoins are also recovering, with the total market gap increasing by $10 billion from yesterday’s bottom.Bitcoin Bounces Off $10KThe bears dominated the cryptocurrency field in the past few days. Bitcoin dipped below $10,000 on two occasions just days after exceeding $12,000. Since the second drop, though, BTC has displayed signs of recovery and is currently trading around $10,500.From a...
Read More »BitMEX to Launch EOS, LINK, XTZ, and ADA ‘Quanto’ Futures Contracts Soon
The popular Bitcoin and cryptocurrency derivatives exchange BitMEX announced the launch of ‘quanto futures’ for four crypto coins – EOS (EOS), Chainlink (LINK), Tezos (XTZ), and Cardano (ADA). This comes after BitMEX’s recent move that requires users to sign up for a mandatory ID verification procedure’. BitMEX To Launch Quanto Futures Trading For LINK, XTZ, EOS, ADA In an early morning blog announcement today, the Seychelles-based futures exchange said that it plans to...
Read More »Bitcoin Crashing $1500 In 48-Hours: $40 Billion Evaporated From The Total Market Cap
It appears that the cryptocurrency market hasn’t stopped plummeting in value. After losing over $20 billion worth of the total market cap in a day, the situation just worsened. Bitcoin further plunged to below $11,000, Ethereum dumped to $400, and the rest of the altcoins follow along.Bitcoin Plummets Below $11KIt’s safe to say that the cryptocurrency market has seen better days as the blood bath that started yesterday has just intensified: Bitcoin was trading at $11,400 after recovering some...
Read More »Market Watch: Over 100% Gains For YF Defi Tokens, Bitcoin Is Stable
Bitcoin seems stable after recovering from its drop to $11,100 and trades above $11,500. However, massive gains are evident among lower-cap alts and DeFi tokens, including YFI that doubled BTC’s all-time high. As such, Bitcoin’s dominance over the market has decreased by over 1%.YFI To $40k, Low-Caps SurgingIt’s no secret that the DeFi sector has been cryptocurrency’s hottest topic recently.YFI’s fork, which recently rebranded its name from YFII Finance to DFI.Money is the clear leader in...
Read More »Market Watch: Polkadot (DOT) Enters Top 7 After 80% Explosion, Bitcoin’s Bottom In?
The cryptocurrency market has lost $20 billion from its market capitalization, as the majority of cryptos in the red over the past 24 hours. Bitcoin’s current weekly low is at $11,100, while Ethereum reached the target of $370 as predicted by CryptoPotato.The giant blockchain, Polkadot, is trading around $5.40 after the DOT token was added to major exchanges earlier this week at a price of $3. DOT is recording a fantastic ROI of more than 80% over the past four days of trading. Polkadot is...
Read More »Market Watch: Bitcoin Price Seeks To Overcome $11,800, Ethereum Eyes $400 Once Again
After a relatively calm weekend without any major price developments and following a retest of the $11,400 support on Friday, Bitcoin slowly recovers. It is currently trading around $11,700. Large-cap altcoins follow Bitcoin as ETH getting closer to $400 once again.After Friday’s crush, this is the day of the low-caps altcoins.Contrasting Altcoin MovesEthereum and Ripple display somewhat similar performances in the past few days lacking significant fluctuations, slightly up judging by the...
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