Bitcoin reaffirmed its king coin status recently by swiftly recovering from under $30k to touch daily highs of $32,807, before correcting once again. Now, while many might think that the aforementioned recovery was a reflex to last weekend’s declines, others are of the opinion that Elon Musk’s appearance at the “B Word” event fueled it. Continue reading “‘Technically still on a downtrend’ Bitcoin needs this to reverse its price fortunes”

When the larger crypto-market faced the brunt of Bitcoin’s southbound rally, Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH) didn’t do any better. Even though these alts mirrored more or less the same price action as the top two coins, Bitcoin and Ethereum, respectively, certain alarming spikes and dips in their metrics pointed to investor actionsContinue reading “Traders might have missed these spikes and dips on WBTC, WETH’s charts”

A massive drop, fear and anxiety at their peak, and a superstar entry back with a bang, pretty much sums up Bitcoin’s price action over the past week. The king coin’s downward trajectory led to a market-wide fall and a major bearish market. However, nothing is permanent in this crypto-verse where volatility is the name ofContinue reading “Bitcoin’s future price action would depend on these key aspects”

Litecoin’s price action has more or less mirrored that of the broader cryptocurrency market in July. However, it is noteworthy that the alt’s margin of loss was way lower than some of the other major alts in the market. Litecoin, after testing its lower long-term support at $109, registered a decent spike (highest in July)Continue reading “Are metrics really painting a bullish picture for Litecoin?”

Fear and anxiety around inflation dominated the market this month and with these looming fears, investors found themselves curious and confused about parking their cash in the right spot. Without a doubt, Bitcoin has emerged as a leading asset when talking about the right investment option as a means of protection from a potential reductionContinue reading “Gold or Bitcoin – Where can you park your funds?”

There’s no denying that the crypto-market has been hit pretty badly. As most of the market registered a sustained southbound trend, red candles took over most cryptocurrencies’ price charts. While most of the top 20 alts have been finishing in the red over the past week, one altcoin that truly stood out with its massiveContinue reading “MATIC: Are there any perfect buy zones?”

Even though Ethereum Classic was down 74.04% from its all-time-high, it was up 15% from its recent low on June 22. At the time of writing, the cryptocurrency was trading just over the $40 mark offering YTD returns of 618.36%.  As opposed to most alts, ETC was one of the few star gainers of Q2Continue reading “Ethereum Classic: Can these factors trigger this move”

Following a minor crash last week, Bitcoin, the top cryptocurrency is currently undergoing a major correction in its price trajectory. BTC was bearish on the one-day chart, 12-hour chart, and even on a four-hour chart, red candles seemed to be taking over its trend. At the time of writing, Bitcoin was trading around the $31.5K-mark,Continue reading “Bitcoin: Is this move on the cards,’to catch the crowd off guard’”

Social analysis has been a good way of underlining the market trend and predicting which tokens or alts are carving a niche for themselves. Lately, the altcoin space saw a good run with many anticipating an altseason. Alas, it hasn’t shown up, at least not yet. However, one space that saw a lot of actionContinue reading “What does CHZ, MANA, and ENJ’s network growth say about the NFT space?”

Last week was tough for Chainlink, with the altcoin’s price registering an almost 22% fall. At press time, LINK was priced at $15.27, having depreciated by 5.97% in 24 hours. Amid all these bearish signs pulling the asset into the oversold zone, a ray of hope glimmered in the form of Mark Cuban’s backing forContinue reading “Chainlink: On-chain metrics reveal there might be room for this”

Bitcoin has been slumping to a lower level lately, having failed to sustain itself consistently over the $32k mark. Likewise, Ethereum dropped by almost 15% in just one week. With the market frontrunners dropping to such levels, Cardano’s sustained sideways movement even in these times of turmoil has left some analysts surprised.  Cardano managed to stir someContinue reading ” Why is Cardano the primary hedge against Ethereum for this analyst”

The Lightning Network, Bitcoin’s Layer 2 solution for fast and cheap transactions, has been a rather fascinating project, especially after its significant adoption in El Salvador for payments. Proposed in 2015 by Joseph Poon and Thaddeus Dryja, the network, despite some criticisms, has grown rapidly in a short span.   The Lightning Network settles transactions “off-chain”Continue reading “What you should know about ‘this smart way of using Bitcoin’”