The collective cryptocurrency market is at a critical junction. With major altcoins stagnating on the charts, Bitcoin could have reached a local top for the time being as well. However, the total market cap value was at an interesting stage. As illustrated in the chart above, the total market cap of digital assets was rightContinue reading “The how and why of Bitcoin, Ethereum, XRP sharing a common bullish narrative”

Over the past few months, the Bitcoin mining industry has largely shifted from being concentrated in East Asia to a strong settlement in Western Europe and North America. Initially, when China instituted a crypto-mining ban in May 2021, it coincided with a drastic drop in Bitcoin’s value. Many speculated that such a chaotic and alarmingContinue reading “Months on from China’s ban, here’s where Bitcoin’s mining industry stands”

It has been a quiet a week for the collective Altcoin market. However, over the past couple of days, Binance Coin has started making some moves on the charts. At press time, the asset was up by 14.7% over the past 24-hours, as it managed to jump above Tether and reclaimed 3rd spot in theContinue reading “Binance Coin gears up to re-test the $600 mark”

Ethereum is in a bit of a pickle at the moment. After rallying up to $3600 towards the beginning of the month, the asset has hit another ceiling at $3640, a familiar resistance from mid-September. The resistance has been tested a couple of times in the past week and now ETH is subtly suggesting aContinue reading “What roles are institutions playing in driving Ethereum prices”

Bitcoin is slowly moving close to its all-time high range. What this also means is that the collective market cap of the ecosystem is improving too. In fact, over the past few months of drawdown, the demographics of smart sellers – those who buy at the bottom and sell at the top – have mostlyContinue reading “If Bitcoin dominance triggers an altseason, these coins may hike 5x-10x”

Bitcoin breached the $55,000-level on 8 October 2021. This, once again, fueled expectations that BTC will soon hit its ATH on the charts. However, it hasn’t yet. In fact, in the last 24 hours, the crypto has climbed as high as $57,890 before falling back to $56,500. At press time, it was at $57.3k allContinue reading “Why Bitcoin ‘FOMO’ remains critical to its $64,000 quest”

Due to increased adoption, general bullish sentiment in the crypto space and DeFi, transactional activity is at its highest average levels ever. Hence, the popularity of layer 2 solutions due to cheaper, faster characteristics led to the rise of projects such as Polygon. However, irrespective of L2 solutions, L1 networks of Bitcoin, Ethereum continue toContinue reading “Is Bitcoin leading the tussle among Layer 1, Layer 2 ecosystems”

In typical meme coin fashion, Shiba Inu is making its investors a lot of money very quickly. The asset is trending on social media platforms and its 24-hour trading volumes have been matching its market cap, both at ~$15 billion. For context, Ethereum had a market cap of $425 billion and a 24-hour trading volumeContinue reading “Shiba Inu might make millionaires, but are they really investors”

Grayscale and Bitcoin have always been linked by one common entity – Institutional investors. In fact, the widely acknowledged narrative has been that Grayscale caters to institutions, with its aggressive accumulation spree in late 2020 coinciding with Bitcoin rallying past its previous all-time high of $20,000. However, since the beginning of April 2021, its GBTCContinue reading “Bitcoin, Grayscale, and Institutions – Is it time to flip an old narrative”

Bitcoin breached $55,000 over the last 24 hours, a valuation it last saw on 12 May. Ethereum also recorded a re-test of its monthly highs. On the contrary, Cardano is yet to top the value it set on 2 September. While the top two assets have recovered in unison, its compatriot ADA hasn’t been ableContinue reading “Why is Cardano falling behind Bitcoin, Ethereum and is there a way out”

Over the last few months, the Bitcoin community has seen a lot of positive developments about the Lightning Network. In fact, on-chain data and activity levels seemed to support the narrative too. At the moment, Bitcoin’s medium of exchange characteristics are re-surfacing as well. However, a part of the ecosystem remains skeptical. A 2nd layerContinue reading “On the up, yes, but here’s what Lightning Network means for Bitcoin’s MoE credentials”

Over the past few weeks, the larger financial markets have been under serious stress as traditional market stocks and cryptos witnessed a month-long drawdown in September. S&P 500, Dow Jones, and now Facebook (after its recent server outrage) bled in the markets, and Bitcoin exhibited a similar picture. However, the markets have entered Q4 2021,Continue reading “Bitcoin outperforms SPX, Dow Jones since Sept 1st; is it still a matter of surprise”