Bitcoin and Ethereum are currently surviving a bearish scare, with both assets just about holding a position above their immediate supports. For Bitcoin, the $41,000-level is establishing a strong bounceback range while Ethereum has managed to remain above $3000. On the contrary, some altcoins have recorded strong recoveries, with Solana, Bitcoin Cash, and Uniswap hikingContinue reading “Bitcoin, Ethereum will draw their market strength from this key aspect”

Behind any socio-economic or welfare movement, a vocal leader is required to rile up the masses and facilitate changes for the better. This sentiment rings true for every industry. Right now, it is perhaps imperative that there is a strong voice for crypto in the U.S Congress. In the eyes of many, this will ensureContinue reading “Crypto needs ‘one of its own’ in the U.S Congress, but is it too late to try”

The last few days haven’t been great for Bitcoin, to say the least. Since 19 September, BTC has dropped by as much as 18.15% on the charts, with some minor recoveries unfolding at press time. While the market looked deprived of bullish momentum towards the beginning of September, the collapse over the past few daysContinue reading “Why is Bitcoin falling if it’s a ‘Safe Haven’ asset”

XRP has struggled all year long to record a significant rally. While the asset did register a yearly high of $1.97 in April 2021, it has been a start-stop rally due to the SEC’s intervention. The likes of Bitcoin, Ethereum, and Cardano were all able to establish new ATHs, but not XRP. At press time,Continue reading “XRP may be one of the most active chains, but here’s why that’s not enough”

Exchange tokens have enjoyed a lucrative 2021. While Binance Coin and Uniswap have been the primary flagbearers of the asset category, there have been repeated discussions about FTX and its native token FTT being part of the big boys’ table. In terms of market cap, BNB and UNI remain above the rest. However, as farContinue reading “Can FTT follow Binance Coin’s lead to go parabolic”

United States’ largest cryptocurrency exchange is planning to dive into the derivatives market and it is not surprising at all. It is also borderline gutsy, especially since it was amidst tensions with the SEC that Coinbase publicly announced applying with the National Futures Association to register as a Futures commission merchant. While Bitcoin and altcoin marketsContinue reading “Coinbase is planning to be the top dog, but how will Bitcoin, altcoins react”

A $100 investment in Solana a year back would have led to a $5000 return on investments right now. The digital asset has undoubtedly taken the market by storm and over the past couple of months, its valuation has parabolically risen. However, thanks to a major invalidation on the daily chart, a correction is possiblyContinue reading “Assessing the odds of Solana dropping below $100 soon”

In less than 10 days, the financial industry will collectively call it quits on Q3 2021, and the market couldn’t be more indecisive at the moment. With prices failing to breach past immediate resistance, there is an air of uncertainty at present. Both Bitcoin and Ethereum have managed price consolidation above their immediate support ofContinue reading “What is the significance of 24 September for Bitcoin, Ethereum, before Q3 2021 ends”

Layer 2 projects have dramatically taken off in the industry, with the likes of Optimism and Arbitrum enjoying their fair share in the limelight. With benefits ranging from reduced gas fees to instant transaction confirmation, there has been significant transactional activity on these solutions. Right now, another Layer 2 based exchange is rising up toContinue reading “Is this Ethereum based Layer-2 exchange changing the derivatives market”

Over the past few weeks, higher price consolidation was observed for most altcoins and Ethereum has been one of them. Among various on-chain developments on the back of its $3300-$3400 stagnation, the one observed over the past 24-hours, related to Ether’s transactional USD volumes, was significant. However, its immediate impact on the market may varyContinue reading “What are the repercussions of this ‘blast from the past’ on Ethereum’s price”

There is no doubt that the cryptocurrency space has seen a lot of adoption over the past few years. The likes of Bitcoin, Ethereum, Cardano, MATIC, Uniswap, and Solana, among others, have all registered significant activity. And yet, the rate of adoption is not quite quantifiable. For example, the number of Bitcoin active addresses wasContinue reading “Why quantifying Bitcoin, Ethereum adoption is easier said than done”

Concerns around inflation are rising across the United States and every month, it might be getting a little messier. The long-term objective of the Federal Reserve is to keep the inflation rate under 2%. However, according to the latest CPI data, the time series of inflation numbers hasn’t exactly been favorable. With Bitcoin appreciating soContinue reading “Yes, inflation is critical, but is Bitcoin truly the best bet for hedging”