Cryptocurrency Analysis and News Portal
Bitcoin (BTC) and ether (ETH) were little changed over the past 24 hours, though currencies associated with Solana and Polkadot – both alternatives to the Ethereum blockchain – were outperforming along with gaming tokens like Axie Infinity’s AXS.Bitcoin was down 2% in the last 24 hours. The price briefly dipped
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American multinational investment bank JPMorgan has put a price on Bitcoin and it is a lot less than the asset currently trades for.In a report to investors as part of the bank’s inaugural outlook focused on alternative investments, strategists stated that alternative assets which include cryptocurrencies “should continue to outperform
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Currently, the bitcoin dominance ratio is declining from a high of 48% in July, which was when crypto prices stabilized from a correction earlier this year. Similar to February-March 2018, traders are returning to buy the dip in altcoins that have lagged behind a sharp recovery in bitcoin over the
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October has been a strong month for cryptocurrencies like bitcoin but a number of decentralized finance (defi) tokens have seen higher double-digit gains this past week. Moreover, non-fungible token (NFT) sales have picked up and after the total-value locked (TVL) in defi crossed $200 billion on October 5, two weeks
Read MoreAs Bitcoin continues its tumultuous run through the market, analysts continue to see big things in store for the cryptocurrency. Bloomberg analyst Mike McGlone recently said in the August Edition of the Bloomberg Galaxy Crypto Index (BGCI) that the coin was set to outperform in the second half of the
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Ethereum outperformed bitcoin and rallied above the $2,550 resistance against the US Dollar. ETH price tested $2,700 and it is now correcting gains. Ethereum rallied towards the $2,700 level before it started a downside correction. The price is still trading above $2,500 and the 100 hourly simple moving average. There is a major
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In the past two decades, index and exchange-traded funds (ETF) have become some of the most popular forms of investing because they offer investors a passive way to gain exposure to a basket of stocks as opposed to investing in individual stocks which increases risk of loss. Since 2018, this trend
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Ethereum is likely to outperform Bitcoin, at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cryptox. Alt szn is upon usMelker sees this period of Bitcoin’s price consolidation as particularly bullish for the second largest cryptocurrency, that recently reached new all time highs. Melker
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Ripple started a strong increase from the $0.4400 support zone against the US Dollar. XRP price is now trading well above $0.5500 and it is likely to continue higher above $0.6000. Ripple is up over 10% and it cleared the main $0.5000 resistance zone against the US dollar. The price is now
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Ethereum remains in a range above the $1,300 support against the US Dollar. ETH price is likely to gain momentum above $1,400 and $1,450 resistance levels in the near term. ETH price traded as high as $1,438 and before it corrected lower against the US Dollar. The price is consolidating above the
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