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September 2021

Bitcoin steals $47K from bears as critical BTC price resistance crumbles

2021-09-15T08:07:26+00:00 September 15th, 2021|Crypto News|

Sellers are now lying in wait above $49,000 as bulls avoid another tumble toward support at $43,000. Market Update Bitcoin (BTC) tentatively reclaimed $47,000 on Wednesday in a move that analysts believe should open up the path to $50,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin bulls escape another retest of lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD holding the $47,000 mark Wednesday, this being [...]

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Three reasons why the price of Elrond (EGLD) is hitting new daily highs

2021-09-15T00:00:00+00:00 September 15th, 2021|Crypto News|

An expanding ecosystem and the full launch of Elrond’s DeFi capabilities back EGLD’s rally above $300. Altcoin Watch Decentralized finance-focused protocols are seeing a sustained upward move, and the momentum appears to be picking up pace now that the NFT sector has cooled off over the past two weeks. Since the beginning of August, Elrond (EGLD) — a scalable and secure blockchain platform designed for [...]

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3 reasons why Polkadot is en-route to a new ATH even after a 256% rally

2021-09-14T21:50:37+00:00 September 14th, 2021|Crypto News|

Steady development and strong fundamentals suggest that DOT's rally toward a new all-time high is in the making. Altcoin Watch The recent 256% Polkadot (DOT) recovery over the past 56 days has been nothing short of spectacular. Although the price is 23% below its $49.80 all-time high from four months ago, the altcoin's $39 billion market capitalization has outperformed the Ether (ETH) by 66% over [...]

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2 key Ethereum price metrics back traders’ confidence in $3,800 ETH

2021-09-14T19:30:00+00:00 September 14th, 2021|Crypto News|

ETH’s 90-day annualized premium and the funding rate on perpetual futures signal that traders are confident the altcoin will recapture the $3,800 level. Market Analysis According to derivatives markets, Ether (ETH) traders are still confident that there is the chance formore upside even though the 23% correction on Sept. 7 took a hit on prices. Ethereum network congestion also peaked on Sept. 7 when the average [...]

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​​Governance proposals and layer-two launches provide a boost to altcoins

2021-09-14T18:12:45+00:00 September 14th, 2021|Crypto News|

RGT, CRV and SNX saw double-digit rallies after new governance proposals and migrations to layer-2 platforms. Market Update Bullish sentiment is on the rise on Sept. 14 as the price of Bitcoin (BTC) climbed higher throughout the morning and now takes aim at the $47,000 level. The building momentum also had a positive effect on altcoins and a handful of tokens posted double-digit gains.Top 6 coins [...]

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CryptoPunks floor price slips below 80 ETH as NFT trading volume deflates by 50%

2021-09-14T15:16:35+00:00 September 14th, 2021|Crypto News|

The drop came in sync with the overall crypto market decline in recent sessions. Markets News The minimum cost to buy a CryptoPunks nonfungible token (NFT) from secondary marketplaces dropped below 80 Ether (ETH) on Sept. 14.Larva Labs reported that the so-called "CryptoPunk 1417," a pixelated avatar of one of 3840 women created by digital artists Matt Hall and John Watkinson, is listed for sale [...]

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Bitcoin gears up for $47K assault — Can BTC price overcome make-or-break resistance?

2021-09-14T13:25:00+00:00 September 14th, 2021|Crypto News|

Whales keep a $50,000 moonshot at bay so far, but seasoned hodlers are already in control of more of the BTC supply than at any time since October 2020. Market Update Bitcoin (BTC) looked set to challenge critical $47,000 resistance on Tuesday amid a perfect storm of dwindling supply and “exhausted” bears.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHodlers vs. whales in the battle for $50,000 [...]

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Bitcoin technicals: Incoming ‘golden cross’ presents potential bottom for BTC price

2021-09-14T12:30:41+00:00 September 14th, 2021|Crypto News|

However, some crucial Bitcoin price levels must be broken before the bullish party can start. Market Analysis Bitcoin (BTC) and the cryptocurrency market had a shakeout this week as the fake news surrounding Litecoin (LTC) caused a spike in volatility. However, the structure of the market didn’t change. In fact, Bitcoin’s price might be bottoming out as a golden cross is starting to form.Next to [...]

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Bitcoin bull run expected as ‘exhausted’ bears sell at a loss

2021-09-14T12:08:16+00:00 September 14th, 2021|Crypto News|

Bearish sellers seem to be trying to stop a rising tide as overall buy and hodl demand takes precedent this week. Markets News Bitcoin (BTC) bears are “exhausted” and are even selling at a loss this week, fresh data confirms.In a tweet on Tuesday, Philip Swift, an analyst at trading suite platform Decentrader, espied an ongoing bullish trend in spent output profit ratio (SOPR).Bitcoin bears [...]

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BTC price nears $46K with Bitcoin exchange reserves lower than November 2020

2021-09-14T08:52:45+00:00 September 14th, 2021|Crypto News|

It's a question of "if," not "when" for Bitcoin to see a supply shock which squeeze price action upwards, one analyst forecasts. Market Update Bitcoin (BTC) preserved a higher low overnight on Sept. 14 in what one analyst believes may lead to sustained recovery.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Time for "inevitable" Bitcoin supply shockData from Cointelegraph Markets Pro and TradingView showed BTC/USD rising [...]

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Bitcoin price flirts with $40K, but derivatives data is still bullish

2021-09-13T21:05:00+00:00 September 13th, 2021|Crypto News|

Bitcoin is leaning toward the $40,000 level, but derivatives data shows traders are holding a neutral-to-bullish stance. Market Analysis The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite being heavily tested, and [...]

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Gala Games (GALA) rallies 265% shortly after Binance listing announcement

2021-09-13T19:35:00+00:00 September 13th, 2021|Crypto News|

An exchange listing and a foray into NFTs and play-to-earn gaming back GALA’s 270% rally to a new high. Altcoin Watch Nonfungible tokens (NFT) and play-to-earn gaming are two of the hottest trends in the crypto sector because each presents new avenues for attracting users and the unique character of each niche allows participants to generate wealth rather than having to spend money to become [...]

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Tezos risks correction below record high with XTZ rallying 250% since July

2021-09-13T16:05:28+00:00 September 13th, 2021|Crypto News|

The XTZ price rally, driven largely by Tezos' entry into the NFT space, has ended up painting a classic bearish structure. Altcoin Watch A recent price boom in the Tezos (XTZ) market risks exhaustion as it triggers a classic bearish pattern.Dubbed as the "ascending broadening wedge," the pattern develops when the price oscillates between two upward but diverging trendlines. According to its creator Thomas Bulkowski, [...]

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Fidenza: Tyler Hobbs wrote software that generates art worth millions

2021-09-13T14:43:08+00:00 September 13th, 2021|Crypto News|

Computer scientist turned generative artist Tyler Hobbs writes code artistically, which then creates visual art that has sold for millions.Along with 998 siblings, Fidenza #313 was minted for 0.17 ETH on June 11th, after which it was immediately sold for 0.58 ETH. Just over 10 weeks later, the NFT nicknamed “Tulip” sold for 1,000 ETH on Opensea —  $3.3 million at the time.Fidenza is the [...]

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Bitcoin tests key level for $40K BTC price dip as altcoins bleed

2021-09-13T13:25:00+00:00 September 13th, 2021|Crypto News|

It’s not looking good for Bitcoin bulls, at least for today, as moving averages slip from view and $40,000 begins to loom large. Market Update Bitcoin (BTC) fell further at the start of the new week as a lack of bullish momentum sparked new lows near $44,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin threatens loss of $44,000 “demand zone”Data from Cointelegraph Markets Pro and TradingView [...]

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Sell the news? ADA price drops 10% following Cardano’s long-awaited smart contracts rollout

2021-09-13T11:45:12+00:00 September 13th, 2021|Crypto News|

The so-called "Alonzo" upgrade did little in protecting Cardano from falling in tandem with the rest of the cryptocurrency market, though bullish technical factors remain. Altcoin Watch The price of Cardano (ADA) fell on Sept. 13 in line with the other top cryptocurrencies despite the completion of its hard fork upgrade dubbed "Alonzo," which introduces smart contract functionality.The ADA/USD exchange rate dropped 10.67% to reach its intraday low [...]

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Bearish pennant breakdown confirmed? 5 things to watch in Bitcoin this week

2021-09-13T07:00:00+00:00 September 13th, 2021|Crypto News|

BTC spot price action looks gloomy on Monday, but as traders, analysts and more note, there are practically no reasons to be bearish on Bitcoin. Markets News Bitcoin (BTC) starts a new week in a precarious place — below $45,000 and below some key moving averages. What's next?Almost a week after a cascade of leveraged position unwinding forced the market to $42,800, Bitcoin has erased [...]

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$300M incentive program backs 100% rally in Harmony (ONE) price

2021-09-12T23:00:00+00:00 September 12th, 2021|Crypto News|

ONE price gained more than 100% after announcing plans to launch a $300 million ecosystem development fund. Market Analysis Protocol and community development initiatives have become the latest trend in the cryptocurrency market after a number of projects have launched multi-million dollar funds aimed at enticing builders and investors to make the cross-chain migration into the layer-2 ecosystem.The latest project to capitalize on this trend [...]

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Top 5 cryptocurrencies to watch this week: BTC, ALGO, ATOM, XTZ, EGLD

2021-09-12T20:35:31+00:00 September 12th, 2021|Crypto News|

While Bitcoin price is fighting to hold above the 200-day SMA, ALGO, ATOM, XTZ, and EGLD continue to march higher. Price Analysis Bitcoin (BTC) is witnessing a tough tussle between the bulls and the bears near the 200-day simple moving average, which is considered as an important level by institutional investors attempting to decide whether the asset is bullish or bearish.Along with this, crypto investors [...]

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BTC price battles for $46K as Polkadot (DOT) ends weekend with 10% surge

2021-09-12T14:13:20+00:00 September 12th, 2021|Crypto News|

Signs of strength slip into Bitcoin markets but altcoins are proving more interesting as the weekend draws to a close. Market Update Bitcoin (BTC) hit problems at $46,000 on Sept. 12 after a “strong bullish divergence” on lower timeframes met with resistance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHigher lows creep in for BTC/USDData from Cointelegraph Markets Pro and TradingView showed BTC/USD reject sharply after hitting [...]

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Bull flag breakout pushes Avalanche toward $80 as AVAX price hits another record high

2021-09-12T12:24:01+00:00 September 12th, 2021|Crypto News|

The bullish setup emerges as traders raise their upside bets in smart contract protocols that rival Ethereum. Altcoin Watch Avalanche (AVAX) looks poised to hit $80 as per a classic technical pattern after hitting a new high of over $65 on Sept. 12.Dubbed as "Bull Flag," the structure emerges as a brief sideways/downward trend following a strong price move higher. As a result, Bull Flags [...]

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Project Dawn initiative and upcoming mainnet upgrade back LUNA’s new ATH

2021-09-11T21:02:37+00:00 September 11th, 2021|Crypto News|

LUNA price rallied to a new high above $45 following the launch of the ‘Project Dawn’ funding initiative and the upcoming Columbus-5 mainnet upgrade. Altcoin Watch In the last 24-hours, Terra (LUNA), a blockchain protocol focused on building a global payments system powered by the UST stablecoin, rallied to a new all-time high at $45. LUNA/USDT 1-day chart. Source: TradingViewData from Cointelegraph Markets Pro and TradingView [...]

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El Salvador buys the dip as Bitcoin Law goes live, 101 Bored Ape NFTs sold for $24M, Ukraine passes crypto legislation: Hodler’s Digest, Sept. 5-11

2021-09-11T20:30:39+00:00 September 11th, 2021|Crypto News|

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekUkraine passes legislation to recognize and regulate cryptoThe Ukrainian parliament adopted the draft law “On Virtual Assets” Wednesday, which legally recognizes crypto [...]

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Here are the BTC price levels to watch as $38K emerges as bulls’ line in the sand

2021-09-11T12:04:45+00:00 September 11th, 2021|Crypto News|

A weekly close much below current levels would be a problem, analysis warns, as key moving averages hang in the balance. Markets News Bitcoin (BTC) needs to retain two key moving averages in order to stay bullish, but is failing, fresh analysis shows.In its latest market update on Sept. 10, trading platform Decentrader warned that bulls do not have the upper hand much above current [...]

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Altcoin Roundup: High Ethereum fees kick-start a liquidity migration to layer-1 platforms

2021-09-10T22:05:00+00:00 September 10th, 2021|Crypto News|

Ethereum competitors and layer-one projects are capitalizing on the network’s untenable gas fees by launching mining and developer incentives that are also boosting token prices. Market Analysis In the ever-evolving world of cryptocurrencies and blockchain technology, the race to establish a highly scalable, user-friendly network capable of being adopted on a global scale is a never-ending marathon where new competitors regularly join in on the [...]

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