Cryptocurrency Analysis and News Portal
Alternative cryptocurrencies, or altcoins, have started to record large gains across the board. Some small-cap coins have seen triple-digit percentage gains in recent weeks. But several larger-cap cryptocurrencies have also been posting serious gains such as VeChain (VET), Stellar (XLM), Cardano (ADA) and Chainlink (LINK).Cryptocurrency market performance in the past
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Despite the prolonged U.S.-China trade tensions and Covid-19’s ravaging effects on the economy, China’s tech sector continues to grow, thanks to the nation’s push for tech self-reliance. As a result, China’s tech sector currently has an R&D war chest totaling US$616 billion — and with that, continued investments in blockchain
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Many traders have argued over recent weeks that Bitcoin’s recent price action resembles a textbook top. As NewsBTC has covered extensively, there are a number of signs to corroborate this sentiment:Yet a trader has argued that Bitcoin topping at current prices doesn’t make any sense to him. Here’s why.Related Reading:
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Bitcoin and most altcoins are witnessing selling at every minor
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Bitcoin has seen some of the most boring price action it has witnessed in over a year.After ranging between $9,000 and $10,000 for over two months, the cryptocurrency has now narrowed its trading range to between $9,000 and $9,300, with BTC primarily just hovering around $9,100.The benchmark digital asset is
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If the current price action is a top formation, then it doesn’t match the sharp spikes Bitcoin and blow-off tops the cryptocurrency is known for. Only one other time has a comparable rounded top formation appeared on BTCUSD price charts over the last ten years. And when it happened, a
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In summary:Veteran Bitcoin analyst, Willy Woo, has concluded that the economic effects of COVID19 halted BTC’s bull run prior to and after halving.Woo is however optimistic that we are close to another bullish run.The longer it takes for Bitcoin to kick start on a bull season, the higher the probability
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India, the beautiful country, popularly addressed by the term “unity in diversity”, started stepping towards digitalization. Cryptocurrencies got banned in its initial state by many countries and India is one among them. Fortunately, in March, 2020, Supreme court of India, lifted the ban on Cryptocurrencies and opened the doors widely
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Volume on Ethereum blockchain is rising faster than Bitcoin for the last three months, according to data fetched by Santiment.The second-largest cryptocurrency is leading a pack of top 100 altcoins with better on-chain metrics than that of Bitcoin.Observers note that a swift rise in altcoin volumes forms a local price
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Bitcoin is far from a full-blown bull market.Every attempt at rally upward has been smacked down by bears. The latest of which was the rally to $9,800 on Monday, which was followed by an $800 rejection and millions in liquidations.Yet a top cryptocurrency fund is still holding a bull bias.
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