Cryptocurrency Analysis and News Portal
Dow futures dropped sharply overnight as China reported almost 15,000 increase in coronavirus cases. The leap came as a result of Hubei province making an effort to more accurately report confirmed cases of the virus. A 14th case has now been reported in the United States. Dow futures sold off sharply on Wednesday
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Bitcoin plunged deeply a day after it climbed above the $10,000 milestone. And according to one top market analyst, the cryptocurrency could still fall back towards $6,000.Full-time trader PentarhUdi confirmed that bitcoin is trending in a giant triangle since it established an all-time high of circa $20,000 in December 2017.
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On January 23rd, leading Bitcoin derivatives exchange BitMEX revealed its intent to launch a new financial product for XRP. In a blog post, the company said that this product would be a “Ripple USD quanto swap,” which will allow traders to leverage trade the cryptocurrency with leverage of up to
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While price fluctuations is very common in the crypto sphere, some analysts have reasons to believe that the recent plunge in the Bitcoin price isn’t just like any other decline. The researchers of Chainalysis believe it could very well be the aftereffect of the PlusToken scam.You will recall that a
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Canaan’s top-priced model, according to its website, is the “February batch” of the AvalonMiner A1166-68T machine for $1,978, providing 68 terahashes per second at an efficiency of 47 joules per terahash. In this case, a higher efficiency rating is worse, because it indicates more power usage and thus a higher
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Today Bitcoin endured another fall, tumbling to the price level at $6,700 and drawing closer to the price level at $6,600.The cryptocurrency of the first choice has arrived at just $6,670.37 today, the most reduced level since late November. Now, the digital money has declined by over half from its
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Chinese Bitcoin (BTC) mining giant Canaan Creative’s depositary shares have seen a 40 percent drop in value since November initial public offering (IPO).Canaan was the first Bitcoin mining giant to go public on a major United States stock exchange, and successfully navigate an IPO. However, the mining giant’s stock
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One of Binance’s initial exchange offering (IEO) tokens, Matic Network (MATIC), dropped almost 70% on Dec. 10. Meanwhile, other IEOs such as Celer Network (CELR) and Harmony (ONE) also followed suit. Based on the Ichimoku Cloud, MATIC’s trend now sits in jeopardy as CELR and ONE seem to have lost
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Ethereum’s search decline is slightly worse than Bitcoin’s.Roughly 96% of search interest originating from the United States has disappeared.A glance at ETH’s developer count reveals a silver lining for Ethereum.Nearly two years on from Ethereum’s all-time high, Google search interest for the No.1 altcoin has plunged 96%.Ethereum Popularity Nosedives Along
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Matic, a cryptocurrency known to have an active and supportive community, plunged by more than 50% on the day and over 70% at the day’s lowest point. But, such a drop can occur to any minor crypto asset. According to global markets analyst Alex Krüger, large hands can adjust the selling
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