Aside from Bitcoin, the most talked-about cryptocurrency over the past few weeks has seemingly been Tether.The fourth-largest cryptocurrency by market capitalization, the stablecoin, which trades on markets as USDT, has become increasingly important to the crypto market. So much so that just the other day, data shared by Unfolded suggested that Tether’s market capitalization hit…
After managing to retake $7,200 on the weekend, Bitcoin tumbled lower on Monday morning, falling as low as $6,800 in a move that liquidated $40 million worth of BitMEX long positions. With this, the cryptocurrency had tumbled 7% from the weekend highs and 9% from the $7,470 highs seen two weeks back.This was a move that…
The market capitalization of Tether (USDT) surpassed that of XRP this week.The dollar-pegged stablecoin is now the third-largest cryptocurrency. Macro factors led the demand for USDT higher, including traders’ flight-to-cash amidst the fast-spreading novel Coronavirus pandemic.Tether has replaced XRP, the native token of the San Francisco-based blockchain payment firm Ripple Labs, to become the third-largest cryptocurrency…
Bitcoin price just exploded back above $7,000 despite increasingly bearish sentiment taking grip across financial markets, and a crypto market experiencing the longest stretch of extreme fear yet.After stocks tanked and oil fell below negative, the expectation was that crypto would soon follow, but an ascending triangle formation just helped propel the first-ever cryptocurrency higher.…
Bitcoin is currently consolidating above the $6,760 low against the US Dollar. BTC price could correct higher, but upsides are likely to face hurdles near $6,955 or $7,030.Bitcoin is showing signs of an upside correction from the $6,761 low against the US Dollar.A few key hurdles are forming on the upside near the $6,955 and…
In early-March, Bitcoin incurred some of the roughest price action it has ever seen, with the benchmark cryptocurrency finding itself caught within a capitulatory decline that led it from over $8,000 to lows of $3,800.This meltdown occurred concurrently with the global equities market seeing a massive selloff as investors began growing aware of just how…
Bitcoin price has failed to reclaim and hold above $7,000 and could retest lows set a month ago on Black Thursday.However, if that recent low fails to hold, the first-ever cryptocurrency could fall to nearly $2,000 according to a mathematical figure that coincidentally is located at an untapped support level from past Bitcoin bull cycles.Losing…
Yesterday, the world was aghast as they watched oil prices tumble into negative territory for the first time in history. The shocking price drop took the cryptocurrency community by storm, who have compared the long-traded commodity to an illiquid altcoin.But this isn’t the first time crypto traders are showing an increased interest in traditional markets,…
Bitcoin‘s halving is just three weeks away at this point, and with the critically important event happening so soon, the first-ever crypto asset is at an especially pivotal junction that could shape the future of the asset in the near and long term.But what exactly does the halving mean, and why is it that crypto…
Despite the tepid price action over the past two days, Bitcoin has been on a remarkable rally over the past five weeks.As this outlet reported recently, the cryptocurrency has done so well that as of Monday morning, BTC had printed five — yes, five — green weekly candles in a row for the first time…