As another crypto ban occurred in China recently, the worldwide crypto-market fall triggered market-wide selling. Bitcoin slipped below $42,000 and was down by over 3%, over the past 24 hours. While China’s central bank declaring crypto-related business illegal was one macro-event that triggered the fall, the market had been showing signs ever since the flashContinue reading “Bitcoin’s fall from glory could have been foreseen, BUT does its future look any good”

With the altcoin market cap falling by more than 20% over the week, one thing was certain – Panic selling. The bigger the dump, the more the panic, and in turn, more the market pain. Well, this time was no different and while Bitcoin and Ethereum hodlers seemed to be sitting tight, some altcoins, especiallyContinue reading “UNI, MKR, AAVE, COMP, ENJ – What explains the variance in panic selling “

The effect of the People’s Bank of China’s latest statement on crypto-services prohibition in mainland China was as expected. The crypto-market came tumbling down as Bitcoin fell by over 5% after the news and Ethereum lost more than 7% of its value in just two hours.  All was going well for the top altcoin beforeContinue reading “How are Ethereum Futures coping with the market-wide crash “

On 22 September, the crypto-market was at the risk of falling further towards its early August levels. Bitcoin, for instance, briefly dipped under $40k, with the same, yet again, fueling another ‘Bitcoin’s risk-related’ narrative. Interestingly, soon after, a Bybt report expanded on how Bitcoin remains a risk-on asset. ‘When the stock market sneezes, Bitcoin catchesContinue reading “Bitcoin: Can extreme fear and high risk take it down”

Bitcoin’s Lightning Network has been quite the head-turner and is often referred to as a game-changer for the blockchain. The Lightning Network aims to enable fast, digitally native payment infrastructure for BTC without sacrificing its core principles of security, privacy, and availability. At the time of writing, BTC’s Lightning Network had hit an all-time-high capacityContinue reading “Bitcoin’s LN packs a punch, but is it truly far from having security concerns “

After three consecutive days of Bitcoin falling, the market picked up the pace again as Bitcoin saw gains of close to 6% at press time. While the king coin’s recovery seemed to be slow, the top altcoin gained some decent momentum with 15% gains in 36 hours. Thus, yet again, as Ethereum gained momentum, theContinue reading “Ethereum: Road to recovery may be all but confirmed unless…”

September has been a rollercoaster ride for the crypto-market. Especially for the king coin after it saw a multi-month price high of $52k recently before falling below $40k soon after. Even though this halving cycle started pretty well for Bitcoin, with BTC outperforming the growth trajectory of the previous cycle, now the trajectory seems toContinue reading “Bitcoin’s current market is missing this ‘secret ingredient’ from 2017”

At the time of writing, most of the market’s top cryptos were trading in the red. Not only on the daily timeframe but on the weekly too. Like other altcoins, Binance Coin too presented some serious losses after Bitcoin’s 7 September crash. The crypto shed almost 19% of its value in the last five daysContinue reading “Why it’s not quite game over for Binance Coin and its traders”

Despite Bitcoin oscillating around the $40,000-mark over the last 48 hours, the outflow of BTC from exchanges continued its downward trend. Over the week, exchange balances have continued to decline to hit a new multi-year low of 13.0% of circulating supply. This pushes exchange balances to levels last seen in February 2018.  While the aforementionedContinue reading “Bitcoin: Here’s the ‘ticking time bomb’ traders should be aware of “

Bitcoin accumulation continued in the spot market, even amid consolidating prices, post the September 7 crash. With supply on exchanges for the top coin continuing to drop, the focus now shifted towards the derivatives market. Notably, the Futures and Options market presented some interesting observations about the market sentiment and expectations from the top coin. Continue reading ” Bitcoin needs to overcome this hurdle to make big strides in coming days”

Avalanche was up almost 90% at press time over the last week. As the 11th ranked coin by market cap, made another all-time high of $75.4, speculation about the alt making a star entry into the top 10 coins heightened. Apart from that, Avalanche’s hype wasn’t all its own as market analysts compared its trajectoryContinue reading “Will Avalanche zoom past Solana, to claim a spot among top ten cryptocurrencies”

Even though Bitcoin has been making no major moves of late, the market’s bullishness on the coin continued making headlines, and all for the right reasons. After all, the king coin surprised the market before, with massive its moves that rendered skeptics silent.  Bitcoin to $100K, by the end of the year is a much-anticipatedContinue reading “Will Bitcoin make a pit stop at $85,000, before racing to $100,000”