As the crypto market has been flushed with green tickers, Ethereum (ETH) has surged, moving from a year-to-date at $81 to $150 in a matter of a few weeks’ time. In classic crypto fashion, this monumental rally, which nearly doubled the value of Ether, wasn’t backed by a clear catalyst. Some looked to the potential…
As the crypto market bounced en bloc, this industry’s news cycle has been starting to look lively yet again. Rob Paone, better known as “Crypto Bobby,” recently explained that this week’s industry developments have been “big,” and in stark contrast to prices, insiders continue to “hunker down” to build bonafide valuable products, platforms, and services.…
Over the past week, as the holiday season has drawn ever nearer, Bitcoin (BTC) and its crypto asset brethren have started to see a drastic uptick in buying pressure. Within a week’s time, BTC, which found a year-to-date low at ~$3150 last week, has recovered to the $4,000-$4,100 range. Many commentators and market analysts have…
Since 2018’s cryptocurrency “winter” came into existence, tokens generated via initial coin offerings (ICOs) have severely underperformed their macro cap counterparts, namely Bitcoin (BTC) and Ethereum (ETH). This has led a multitude of projects, who formerly relied upon their ICO-funded war chests, to take drastic measures in a bid to stay afloat. ICO-funded Projects Sell 416,000 Ethereum…
When optimists thought it couldn’t get any worse, it did. In the past 24 hours, after ranging between $3,800 and $4,200 for a week, Bitcoin (BTC) was suddenly subject to another spell of bear market fever, as the asset fell under $3,700, $3,600, and $3,500 in quick succession. BTC even established a new year-to-date low…
As BTC capitulated on Thursday evening, falling under a handful of purported key support levels, a number of bearish commentators, including Nouriel “Dr. Doom” Roubini and Bloomberg’s Mike McGlone, doubled down on their sentiment that cryptocurrencies would continue to disintegrate. A number of cynics, who are often berated for their improper insight, pointed to the expected collapse…
Bitcoin has long been at the forefront of the crypto market, dominating this 10-year old industry with an iron fist and no holds barred. While it maintained its unquestioned hegemony over the cryptosphere for nearly a decade, as 2017 began, it became clear that something was amok. More specifically, in an industry first, altcoins began…
After MarketWatch got lambasted for publishing a questionable op-ed regarding a Bitcoin mining “death spiral,” the financial media continued their bearish cryptocurrency coverage on Wednesday. More specifically, Bloomberg News, which covers the crypto industry round the clock, recently had its in-house analysts tout a $1,500 per BTC prediction — far below what many traders deem…
As Bitcoin continues its chaotic price action, ceaselessly falling and ascending through key levels, some paranoid traders have feared that institutional investors have been alienated from the crypto market. Yet, reports indicate that Grayscale’s growing war chest has continued to swell, while institutional players continue to express interest in crypto assets. This, of course, makes…
While crypto’s unbridled optimists have done their best to keep this market afloat, incessantly imploring Bitcoin investors to “HODL” and “BUIDL,” their cries haven’t stopped a key Ethereum Classic development group from unfortunately capitulating. Ethereum Classic Ecosystem Loses Key Player Amid Market Tumult After a multi-month downturn in the cryptocurrency world, which has seen $700…