Bitcoin, the largest cryptocurrency’s bloodshed has created a sense of panic in the market. Consider this, a few days ago Bitcoin dropped below the long-held support at $30K, ergo, hitting the lowest level since Jan 28. At the time of writing, the coin was trading below the $34k mark. After witnessing this incline, one mightContinue reading “Analyst on Bitcoin’s price: This movement ‘is coming over the next few weeks’”

China’s crackdown on Bitcoin mining has affected the world’s largest cryptocurrency, as well as its community. In fact, within a few weeks of the lockdown, the associated hashrate significantly plunged by almost 50% from its top. China, until that moment, was responsible for over 60% of the network’s hashrate. Ergo, the average hash rate (hash/sec) touchedContinue reading “This particular Bitcoin trend will ‘accelerate hard’ thanks to China”

2021 has been a crucial year for Cardano and its executives. In fact, after a period of consolidation, Cardano, the fifth-largest coin in the market, made headlines after it successfully released the first-ever Plutus smart contract on its Alonzo testnet. Latest development  Now, during recent live discussions on IOHK‘s YouTube page, Tim Harrison, IOHK’s MarketingContinue reading “Cardano: Alonzo White can soon go live on testnet BUT these are the problems…”

Ripple, the San Francisco-based fintech firm, has been trending in the news for quite a while now. Well, mostly because of the ongoing litigation filed by the SEC against it, a lawsuit which commenced last year in December. At the time, the Securities and Exchange Commission charged Ripple, Co-founder Christian Larsen, and CEO Brad GarlinghouseContinue reading “Another 240M dumping – When will this former Ripple exec run out of XRP?”

Post the mid-week crash in which Bitcoin plunged below the $30k mark, the asset seems to have settled down somewhat. It overcame most losses and even spiked to just shy of $35,000 the following day, but it did maintain momentum above $34k. Despite losing over a grand since then, its dominance over the market recordedContinue reading “Bitcoin & Cardano: Crucial levels for these ‘surging’ cryptos to maintain”

Bitcoin’s rising popularity with institutions and investment professionals such as BlackRock CEO Larry Fink and hedge fund legend Stanley Druckenmiller has helped Bitcoin stand its ground against Gold. Considering the former’s prospects as a scarce store-of-value over the latter, a war of words often emerges between gold bugs and the bitcoin community. While many BitcoinContinue reading “Why this ‘Biggest Bitcoin challenge’ is a bonus”

Bitcoin, the world’s largest cryptocurrency has been bleeding for quite a while now as bears overtook the bull. As things stand, it was trading just above the $33k mark with a correction of about 2% in the last 24 hours. BTC witnessed a major decline in its volume as well, a 44.5% plunge within theContinue reading “Bitcoin: What does this mean for the ‘trapped bulls’?”

Gemini’s founders, Cameron and Tyler Winklevoss acquired $4-million worth of carbon credits to offset the carbon footprint of the Bitcoin it holds (around 250,843 Bitcoins) in custody. These carbon permits will prevent 341,965 metric tons of carbon from entering the atmosphere. The Winklevoss' crypto exchange buys environmental credits to offset some of the carbon used inContinue reading “Gemini buys carbon credits to offset carbon footprint of Bitcoin it holds”

The ongoing bloodshed in the cryptocurrency market has decreased its overall market capitalization. Both the top cryptos saw a major pullback. While the largest crypto asset, Bitcoin was trading just above $32.5k, Ethereum, the largest altcoin plunged below the $2k mark. With such a bearish momentum, can one analyze price projections in the coming monthsContinue reading “Bitcoin and Ethereum: Here’s when ‘plenty of $’ can be made”

The cryptocurrency market has gained traction across the globe for some unique stories. From silk road to MT Gox, this sector has no shortage of unique stories. With every bull run, there seems to be an increase in scams and/or hacks. This graph mentioned in the report published by the Federal Trade Commission illustrates theContinue reading “2 brothers just walked away with 69,000 Bitcoin! Biggest scam yet?”

Today, Bitcoin is becoming more mainstream with each passing day. The hype reached new heights this year after the coin gained institutional backing. However, setbacks are bound to be there with every bull run. It’s crucial to understand the market trends as well as the sentiments to avoid incurring losses. A recent study published byContinue reading “Analyst on Bitcoin and other cryptos: If you want to get rich, then you need…”

There’s no denying it — the cryptocurrency market is suffering. The current market downtrend has some people convinced that Bitcoin has peaked and that the sane course of action is to just cut losses and sell. Despite all the “bubble about to burst” expressions, the fact is that this has happened in the past. WithContinue reading “Bitcoin’s worst-case and best-case scenarios for 2021”