Market Analysis

Altcoins and DeFi tokens have been on a tear for the last two weeks  and as the end of August approaches many projects are seeing their tokens reach for new all-time highs. Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT)

Bitcoin (BTC) headed down to test new support on Wednesday after a breakdown of bullish trajectory sparked predictions of $44,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Old resistance provides a backdrop for BTC price rethink Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing around 2% overnight Wednesday. A rejection after an attempt to

Whether working in visual innovation or merely acting as a reporter, I’ve made a career out of diving headfirst into ideas that I know nothing about. The fresher, more complex the puzzle to be solved, the more I dig into it, going from unknown to known. And if I’m lucky, I’m gifted a day-long adrenaline

The price of Bitcoin (BTC) is back at the $50,000 level, and there’s little doubt that the 47% positive rally over the past 30 days has been fueled by whale accumulation, institutional adoption and positive remarks from regulators regarding a possible exchange-traded fund (EFT) approval. Despite the positive newsflow, the top traders at crypto exchanges

Economics Professor Jason Potts is co-director of the Blockchain Innovation Hub at RMIT University. He sees blockchain technology as a fundamental institutional technology revolution comparable to the emergence of companies and the internet — perhaps even as world-changing as the invention of electricity. What’s the last big technological change that had the same sort of

Bitcoin (BTC) is back at $50,000 as a new week gets underway with a bang. After a strong weekend, Bitcoin finally crossed the long-awaited $50,000 mark overnight on Aug. 22. Along with a firm sense of deja vu, traders are naturally curious as to what will happen next — and crucially whether Bitcoin has bitten

EOS rallied in May after Block.one, a blockchain software firm, announced a $10 billion funding round to build an EOS-based crypto exchange platform called Bullish. The EOSIO development company revealed that it had raised capital from Peter Thiel and Mike Novogratz, as well as hedge fund managers Alan Howard and Louis Bacon. In light of

A recent price rally in the Polygon (MATIC) market pushed its prices above $1.56 for the first time in more than two months. In detail, the MATIC/USDT exchange rate rose 20.65% in just two days to reclaim the June 17 high. Traders raised their bids for the pair after Polygon announced that it would create

The nonfungible token (NFT) sector of the cryptocurrency ecosystem has made waves that splashed across the headlines of even mainstream news outlets in 2021. Celebrities, musicians, sports teams, established auction houses and even fast-food restaurants got involved with the creation and/or sale of one-of-a-kind digital items.  With the top NFT marketplaces like OpenSea seeing record-breaking

Bitcoin (BTC) abruptly exited lower levels to challenge firm resistance on Aug. 20 in further inspiration for bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin coils up beneath major sell wall Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs of $47,415 on Bitstamp overnight on Thursday. The pair had received a

The cryptocurrency market got off to a slow start on Aug. 19 after stimulus tapering talks from the U.S. Federal Reserve put pressure on global financial markets, but momentum within the crypto market picked up in the afternoon session as Bitcoin (BTC) bulls finally managed to break above the $46,000 level.  While most altcoins were

Bitcoin (BTC) is facing a “double bubble” and will see two price tops this year, fresh data suggests. In a tweet on Aug. 18, Charles Edwards, CEO of investment firm Capriole, highlighted 2021 as having one key similarity to the 2013 double top bull cycle. Bitcoin gears up for second peak Bitcoin has divided opinion

A Bitcoin (BTC) mining indicator that has preceded several major BTC price rallies is flashing again. Blockchain analytics platform Glassnode spotted a golden cross between the 30-day and 60-day moving averages of Bitcoin’s hash ribbon. In theory, such a crossover indicates that the price momentum is switching from negative to positive. Bitcoin hash ribbons. Source:

Bitcoin (BTC) fell to test $44,000 on Aug. 18 with traders still bullish on new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Eyes on $42,000 for higher low Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $44,215 on Bitstamp overnight. A continuation of consolidation seen on Tuesday, the

Bitcoin’s (BTC) 65% recovery from sub $29,500 on July 20 to a swing high at $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and traders who were dreading the prospect of another prolon bear market. Currently, the BTC rally has stalled out near

Bitcoin (BTC) is getting compared to late 2020, but this rally in fact has several major differences which make it “not normal.” According to Pete Humiston, manager of Kraken Intelligence Research, Bitcoin in Q3 2021 is a different beast when compared to Q4 2020. GBTC keeps its steep discount Despite going from $29,000 to $48,000