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A few days ago, Ethereum’s price broke below its ascending channel and its valuation slipped below $2.9k for a brief period. Since then, the market’s largest altcoin has been in recovery mode. In fact, at press time, ETH was attempting to re-enter the aforementioned channel. Signs of revival Most of the alt’s on-chain indicators seemedContinue reading “What it would take for Ethereum to be truly unstoppable”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The last couple of days have not been easy for Chainlink’s traders. The altcoin shed nearly 20% of its value from $30.3 to its lowest point of $24.8, while breaking below an important supportContinue reading “A favorable outcome would mean this for Chainlink’s traders”

US Securities and Exchange Commissioner Gary Gensler gave what may be termed the strongest sign of support from the agency for a Bitcoin exchange-traded fund. Yet the crypto community is not exactly thrilled. U.S. regulators have yet to approve a BTC ETF, although more than a dozen companies have filed for approval. Speaking to Kitco News,Continue reading “Why this ‘would be the biggest single event in the history of Bitcoin’”

Bitcoin’s climb above $45,000 marked an important development for the world’s largest digital asset. For once, BTC snapped an 11-week high and also closed above its daily 200-SMA for the first time since 19 May. The daily long-term simple moving average line often functions as a final litmus test, confirming as asset’s uptrend or downtrend.Continue reading “This move would allow Bitcoin to preserve its uptrend”

Bitcoin investments always show some great figures when the prices are high. Spot trading keeps fluctuating to give us some new targets and expectations. But it is the derivatives market that shows us where investors stand when it comes to looking forward. And currently, the market paints a very interesting picture.  Bitcoin Futures and OptionsContinue reading “Bitcoin: This would be the best time to enter the derivatives market”

Controversial crypto provisions to the U.S. infrastructure bill have been the talk of crypto town for almost a week now. The bill seeks to expand digital asset taxation in the country in order to raise $28 billion for infrastructure funding. At the same time, it also seeks to impose stricter reporting requirements on all cryptoContinue reading “US infra bill: Bitcoin and crypto community ‘would be pleased with the outcome’ IF this happens”

Riding on the back of Bitcoin’s surge to $45k, most of the alts started witnessing upticks. Interesting, at the time of writing, only 12 cryptos out of the top 100 reflected negative weekly returns. The remaining 88 seemed to be relishing their gains. Picking alts for your portfolio, at this juncture, might be pretty daunting.Continue reading “Cardano, Chainlink, Litecoin: Which alt would do well on your portfolio”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The second half of 2021 has been busy for cryptocurrencies so far. The commotion caused by Bitcoin dropping from its ATH sent the broader market into a state of panic as investors triggered massiveContinue reading “Tezos: A retracement would present long opportunities at this level”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice XRP failed to capitalize on its 28 July jump as bullish momentum fizzled out across the market. Despite positive broader market cues, the altcoin noted a downtick in value and was heading towards itsContinue reading “XRP traders would do well to follow this safe strategy”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice An immediate rejection at the $513-resistance saw Bitcoin Cash move back within the confines of its ascending channel. However, it continued to climb higher on the charts. Now, some difficulties may lie ahead forContinue reading “Bitcoin Cash: A potential breakout would mean this for traders”

China’s stance regarding cryptocurrencies has been well documented and with each passing day, regulations around crypto mining and businesses are getting stricter. The changing regulatory landscape has forced many crypto enthusiasts to believe that China could place an outright ban on holding Bitcoin along with other cryptos. According to Bobby Lee, one of the earlyContinue reading “China and Bitcoin: ‘The final straw’ would be something like…”

Bitcoin, the largest cryptocurrency was trading below the $30k, just a few days ago. Some of the analysts within the community even projected a further setback to the $18k mark. However, in an interesting turn of events (specifically, the virtual “B-Word” conference), Bitcoin changed its course and started to recover some of its losses. AtContinue reading “Analyst on Bitcoin: I would not be surprised if we get a very…”