Bitcoin has been experiencing a quiet weekend trading session and is currently firmly in the middle of its long-established trading range between $4,000 and $4,100. It is unclear how long this range will persist, but historically BTC has experienced fairly significant price swings after long bouts of sideways trading. Now, analysts seem to concur that…
Sure, Litecoin (LTC) has been receiving some flak as of late, but there’s no denying the surge the cryptocurrency has undergone in recent months. One analyst argues that the rally in that specific asset could be setting Bitcoin (BTC) up for an eventual recovery, citing eerie similarities in the two assets’ price action. Related Reading:…
Two very contrasting events took place in Russia lower house parliament last week. In the first, the State Duma approved the international use of a Swift-like financial network to eliminate the risks of western sanctions. In the other, it postponed the second reading of the crypto bill draft law to April. Ducking Swift Ban Anatoly Aksakov,…
Although Bitcoin has been struggling to garner any significant buying pressure at its current price levels, the overall crypto markets have been able to post some relatively large gains, and multiple cryptos have surged today. Although the recent bullish price action in the crypto markets is minuscule compared to what was seen throughout the second…
Since Bitcoin (BTC) began to falter in early-2018, optimistic investors, many of which are “HODLing,” have resorted to grasping for straws. Case in point, the words, “Wall Street” and “institutional investors,” are incessantly mentioned, as crypto diehards have sought to find a light at the end of the proverbial tunnel. But are institutional stakeholders really…
Although Bitcoin has been unable to find any noteworthy buying pressure in the low-$4,000 region ever since it advanced to this price level, when looking at a larger time frame it becomes apparent that BTC is not currently bearish, despite its persisting bout of sideways trading. One analyst is quick to point out that Bitcoin…
Another week, another Crypto Tidbits. The past seven days were, by many measures, an interesting period for the cryptocurrency space. Mainstream adoption moved ever closer, more money poured into this space, and infrastructure was built out. But, one report claimed that 95% of all Bitcoin trading activity could be entirely false, setting a harrowing precedent…
It will take more than a year to understand whether or not Ripple’s XRP is a securities asset, according to Jake Chervinsky. The dispute and investigation lawyer, associated with a global law firm Kober & Kim, tweeted a long thread explaining the next possible course of actions in the ongoing federal lawsuit against Ripple Labs.…
The crypto markets are experiencing a relatively quiet Friday as Bitcoin continues to trade sideways in a tight trading range between $4,000 and $4,100. This stability should not fool traders, however, as analysts expect BTC to drop in the near future as its upwards momentum begins to fade. If Bitcoin is unable to garner more…
The Centre for Information and Industry Development in China (CCID) has updated its monthly crypto project rankings. Following the update the top three spots on the list of most promising public blockchain-based assets are compromised of the Ethereum network (ETH), Tron (TRX), and EOS, whilst Bitcoin (BTC) fell on the list. CCID looked at a…