The cryptocurrency market has been through the wringer over the past 15 months. The prices of most altcoins have plummeted by 90% or more from their all-time highs, and the king of crypto itself, Bitcoin, has declined as much as 85% as well. But despite prices being far lower than they once were, the health…
Now is the right time for investors to create their core strategic positions in bitcoin, says a top asset management firm. New York-based Greyscale Investments, backed by Barry Silbert’s Digital Currency Group, published an evaluative report detailing the historical correlation between bitcoin halving events and its price. The firm used those metrics to predict how…
Cryptocurrency market on Wednesday added approximately $6 billion to its overall valuation. The top 25 coins, including bitcoin and ethereum, trended in green during the Asian session. But the biggest takeaway was EOS, a blockchain protocol asset, which posted maximum daily gains among the top ten crypto assets after rising 11.92%. During the European session,…
The cryptocurrency market was in a long bearish stretch until all the top assets located their short bottom in December last year. Litecoin was one among them. Litecoin Price Performance Since December 2018 | Source: CMC On December 12, the Litecoin’s dollar valuation touched its yearly low at $23.01. And since then, the pair has…
As the top crypto assets hint to go down, one cryptocurrency is beginning the week with a bang. Enjin Coin (ENJ) on Monday traded at $0.211, up 25% from the market open. Earlier today, during the Asian morning session, the crypto asset was trading at as low as $0.165. The price rally appeared majorly in…
There is a noticeable correlation between Bitcoin’s latest jump and Bitmex Futures, believes Luke Martin. The renowned cryptocurrency analyst said Thursday that Bitcoin price moved north right after Bitmex launched its September futures, XBTU19. Martin noted that the bitcoin market underwent a jump in volume and volatility after the XBTU19 went live. He also identified…
After being a bitcoin skeptic for almost a year, Marc Faber is willing to give the digital asset a try. In an interview with Cash, the legendary investor and stock market expert said that he bought his first bitcoins in late February. He admitted that he wanted to learn more about how digital currency works,…
Taking long positions in Bitcoin should be comfortable for traders, according to Naeem Aslam. The former equity trader with the Bank of America said Thursday that he would purchase bitcoin if the crypto-asset compliments a crucial technical indicator. Dubbed as Moving Average, it allows traders to calculate an average asset value for a given period…
Binance, the world’s largest crypto trading company by volume and geographical presence, is giving a rare offer to its users: get paid for testing its newly released decentralized exchange. The Malta-based startup announced Friday that it is going to distribute $100,000 worth of rewards in its “testnet trading competition.” The round will allow participants to…
There’s no denying that Bitcoin is at a critical junction in its young ten-year lifecycle as a financial instrument and emerging technology. After becoming a household name in 2017 during the media storm and bull run to an all-time high Bitcoin price of $20,000 per BTC, the leading cryptocurrency erased much of the gains it…