Cryptocurrency Analysis and News Portal
The response to the Covid-19 pandemic has been ruthless on the global economy and during the last six months, traditional stocks and commodities have felt extreme market volatility. Coinshares published a comprehensive report this week in regard to how bitcoin performed during the coronavirus outbreak. The seven-page study highlights
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Ethereum has been trading in close tandem with Bitcoin throughout the past several days and weeks, and this correlation isn’t showing any signs of breaking. It now appears that buyers may be laying the groundwork for ETH to see a notable upswing, however, as the crypto is currently on the cusp
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Bitcoin’s consolidation over recent weeks has convinced some traders that there is a move to the downside in the works. As reported by NewsBTC recently, one analyst commented that the recent price action is signaling a potential “distribution” pattern: “A couple more clues developing that lend themselves to HTF distribution. 1.
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Bitcoin’s recent mining rewards halving that took place just a couple of months ago went off without a hitch and has had a negligible adverse impact on the dynamics seen amongst the cryptocurrency’s miners.This comes despite what many analysts had previously believed, as some had been calling for an imminent
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For many investors crypto trading remains a rags-to-riches affair where inexperienced investors hope to strike it rich by buying the cheapest priced altcoins like many novice traders did in 2017.Currently, the majority of traders do not expect Bitcoin (BTC) to pump 50% or more in a single week as $18,400
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Ripple is up more than 5% and it settled nicely above the $0.2000 pivot level against the US Dollar. XRP price is currently rising and it could continue to rise towards $0.2120.Ripple is slowly gaining bullish momentum above the $0.2000 resistance against the US dollar.The price is trading in a
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Cryptoasset Insurance Company, Evertas says there is a serious problem of ‘phantom’ knowledge of digital assets from insurers. New research conducted by Evertas
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Bitcoin futures have seen a rising premium over spot BTC in recent months, which seems to indicate that traders are bullish on the benchmark cryptocurrency.This premium is particularly clear while looking towards the CME – which seems to indicate that professional traders and institutions are particularly bullish on BTC at
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A CryptoCompare report published on July 6 has closely analyzed monthly trends in the cryptocurrency exchange market and found that crypto derivatives volumes have begun to taper off after peaking this May. Crypto derivatives volumes dropped 35.7% in June to $393 billion.Historical Monthly Derivatives Volumes. Source: CryptoCompareThe overall trend which
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It’s been hard for some to say that crypto is in a bull market.Despite Bitcoin rallying by over 150% from March’s $3,700 lows, it remains below crucial resistance levels at $10,500 and beyond. The same can be said about Ethereum, which has had similar trouble surmounting $250.Yet there are some
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