Cryptocurrency Market Analysis

17 09, 2021

Evolve or die: How smart contracts are shifting the crypto sector’s balance of power

2021-09-17T23:15:00+00:00 September 17th, 2021|Crypto News|0 Comments

Smart contract capabilities are rendering old-school megalithic crypto projects obsolete as blockchains evolve beyond just being a medium of exchange. Market Analysis One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of [...]

17 09, 2021

Bitcoin is ‘playing mind games’ as its price coils into a tighter range

2021-09-17T21:15:00+00:00 September 17th, 2021|Crypto News|0 Comments

Analysts highlight the formation of a bull flag on the Bitcoin chart and suggest that the price could continue to consolidate until a major catalyst moves the market. Market Update The general mood across the cryptocurrency market is one of anticipation on Sept. 17 as the price of Bitcoin has traded in an increasingly tighter range over the past couple of days and looks to [...]

17 09, 2021

Solana chart ‘bull flag’ eyes $250 despite SOL price down 40% since last week

2021-09-17T17:00:00+00:00 September 17th, 2021|Crypto News|0 Comments

Meanwhile, the SOL's latest downside move forms a classic bullish continuation structure, with a profit target above $250. Altcoin Watch Solana (SOL) price extended its slide on Sept. 17 as a major network outage over the past week — pointing to heightened security risks — hit traders' confidence.The SOL/USD exchange rate fell up to 13.27% to its intraday low of $133.53 in a corrective trend [...]

17 09, 2021

Here’s how traders knew LUNA and RAY were on the verge of a bullish breakout

2021-09-17T16:37:30+00:00 September 17th, 2021|Crypto News|0 Comments

Here’s how savvy traders booked front-row seats for last week’s 50% rally from LUNA and RAY. Market Analysis Online information flows have a tremendous influence on the prices of crypto assets. Just this week, investors witnessed how even fake news can sometimes make the market value of a token explode, even if for just an hour. Fortunately, the effects of legitimate news tends to last [...]

17 09, 2021

Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price action

2021-09-17T13:25:00+00:00 September 17th, 2021|Crypto News|0 Comments

There’s nothing that can spark Bitcoin downside except a “significant bad news event,” says analyst Filbfilb as the market awaits upside. Markets News Bitcoin (BTC) is heading for at least $85,000 in Q4 this year and could well surpass the $100,000 mark, new research says.In its latest market update on Friday, trading platform Decentrader revealed an unapologetically bullish mid-term BTC price forecast.Next stop $85,000 for [...]

17 09, 2021

Shiba Inu (SHIB) jumps 40% on Elon Musk’s cryptic endorsement, Coinbase listing

2021-09-17T13:03:17+00:00 September 17th, 2021|Crypto News|0 Comments

Nonetheless, the Dogecoin-knockoff token was down by more than 80% from its record high of $0.00005. Altcoin Watch Shiba Inu (SHIB) crept up Friday as traders assessed its addition on Coinbase, one of the world’s leading crypto exchanges.The SHIB/USDT exchange rate jumped up to 16.42% to $0.00000950 for the first time since June 29, 2021. The latest move uphill came as a part of an [...]

17 09, 2021

Bitcoin sees ‘quite healthy’ consolidation on $200M BTC options expiry day

2021-09-17T08:43:01+00:00 September 17th, 2021|Crypto News|0 Comments

Everything is bullish except the price on Friday as $200 million in options expire and attention focuses on corporate quarterly disclosures. Market Update Bitcoin (BTC) ranged around $48,000 on Friday as hopes of a bull run endured thanks to low supply and upcoming corporate disclosures.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnticipation builds for cross-crypto breakoutData from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to consolidate [...]

17 09, 2021

Avalanche (AVAX) just hit a new ATH, but what’s really behind the price surge?

2021-09-17T01:24:28+00:00 September 17th, 2021|Crypto News|Comments Off on Avalanche (AVAX) just hit a new ATH, but what’s really behind the price surge?

AVAX price soared to a record high as heavy inflows enter the protocol through its cross-chain bridge and institutional investors pledge $230 million in funding for the rapidly expanding Avalanche ecosystem. Altcoin Watch On Sept.16 Avalanche (AVAX) price hit a new all-time high at $68.89 and over the last few months the project has risen to challenge the Ethereum (ETH) network’s dominance among smart contract [...]

17 09, 2021

Shanghai Man: China’s version of McJob meme, eCNY airdrops, Canaan’s record revenue

2021-09-17T00:59:17+00:00 September 17th, 2021|Crypto News|Comments Off on Shanghai Man: China’s version of McJob meme, eCNY airdrops, Canaan’s record revenue

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.Regulatory noiseIn this week’s column, the Man in Shanghai is determined to squeeze all of the regulatory noise into one section, so as not to waste too much of your time. Let’s begin. It wasn’t [...]

16 09, 2021

Ethereum options data suggests the battle for $4K ETH is at least a week away

2021-09-16T22:20:00+00:00 September 16th, 2021|Crypto News|Comments Off on Ethereum options data suggests the battle for $4K ETH is at least a week away

Traders are long on Ether, but derivatives data suggests that a $4,000 price tag is a long shot in the short term. Market Analysis For the past 40 days, Ether (ETH) has trended modestly upward, respecting a narrow channel most of the time. It enjoyed a brief rally toward $4,000 in the first week of September, but a subsequent crash brought the price into the [...]

16 09, 2021

Multimillion-dollar investment rounds spark rallies in Avalanche and Audius

2021-09-16T20:20:00+00:00 September 16th, 2021|Crypto News|Comments Off on Multimillion-dollar investment rounds spark rallies in Avalanche and Audius

Increased use of cross-chain bridges and sizeable investments from a variety of venture capital firms are boosting the price of AVAX, CELR and AUDIO. Market Update Altcoins continue to book notable gains on Sept. 16 as a slew of celebrity endorsements, major investments and the growing popularity of cross-chain bridges catch investors' attention.Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData [...]

16 09, 2021

3 reasons why REN price is up 340% from its July swing low

2021-09-16T18:49:45+00:00 September 16th, 2021|Crypto News|Comments Off on 3 reasons why REN price is up 340% from its July swing low

A cross-chain bridge to Arbitrum, protocol upgrades and a steady surge in network activity back REN’s 340% rebound off its July 20 swing low. Altcoin Watch Interoperability has become one of the driving themes within the crypto market and as the blockchain ecosystem evolves into an interconnected web of layer-one protocols, the importance of communication and efficiency among decentralized applications (dApps) will also increase.Ren (REN), [...]

16 09, 2021

BTC takes aim at $50K; Solana goes down; Is ETH ‘sound money’? | Watch The Market Report w/ Charlie Burton

2021-09-16T16:00:00+00:00 September 16th, 2021|Crypto News|Comments Off on BTC takes aim at $50K; Solana goes down; Is ETH ‘sound money’? | Watch The Market Report w/ Charlie Burton

“The Market Report” with Cointelegraph is live right now with special guest Charlie Burton, a veteran trader and the co-founder of Ezeetrader! Cointelegraph YouTube Subscribe Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman. Here’s what to expect in this week’s markets news breakdown: Bitcoin (BTC) once again takes aim at $50,000. Is this the final [...]

16 09, 2021

SushiSwap leads DEX token gains as SUSHI price rises by 23% in 24 hours

2021-09-16T15:00:00+00:00 September 16th, 2021|Crypto News|Comments Off on SushiSwap leads DEX token gains as SUSHI price rises by 23% in 24 hours

SUSHI price reached its best level in four months while its top rivals Uniswap, THORChain, and PancakeSwap also saw gains. Altcoin Watch SushiSwap (SUSHI) prices crept higher on Sept. 16 following another day of gains for decentralized exchange (DEX) tokens.The SUSHI/USD exchange rate rose by 7.54%, or $1.14, to reach $16.31 for the first time since May 21. The pair's upside move pushed its 24-hour [...]

16 09, 2021

Bitcoin ledger as a secret weapon in war against ransomware

2021-09-16T13:55:02+00:00 September 16th, 2021|Crypto News|Comments Off on Bitcoin ledger as a secret weapon in war against ransomware

Ransomware, malicious software that encrypts computers and keeps them “locked” until a ransom is paid, is the world’s fastest-growing cyber threat, according to Coinfirm. Recent attacks on critical national infrastructure, like the Colonial Pipeline incursion that crippled oil and gas deliveries for a week along the U.S. East Coast, have set off alarms. Ransom payments are almost always made in Bitcoin or other cryptocurrencies. But while [...]

16 09, 2021

New Bitcoin price model suggests BTC won’t go below $39K again

2021-09-16T13:25:00+00:00 September 16th, 2021|Crypto News|Comments Off on New Bitcoin price model suggests BTC won’t go below $39K again

The illiquid supply floor demands the preservation of levels not far below $40,000 as supply drops and demand surges across the board. Markets News Bitcoin (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics.In a tweet on Thursday, analyst William Clemente presented the illiquid supply floor chart — and its findings are firmly bullish for BTC.Bitcoin’s price [...]

16 09, 2021

Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’

2021-09-16T12:45:38+00:00 September 16th, 2021|Crypto News|Comments Off on Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’

The success rate for cup-and-handle patterns in forex and stock markets, on daily timeframes, are 65% and 68%, respectively, per a Harvard study. Altcoin Watch Ethereum blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions.ETH looks like a cup and handle too. Thoughts?— Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a textbook technical [...]

16 09, 2021

BTC holds $48K as Evergrande forms ‘Lehman Brothers moment’ for China

2021-09-16T09:06:33+00:00 September 16th, 2021|Crypto News|Comments Off on BTC holds $48K as Evergrande forms ‘Lehman Brothers moment’ for China

Comparisons to 2008 flow in as traditional finance receives a fresh blow from a firm “too big to fail.” Market Update Bitcoin (BTC) cautiously held $48,000 on Thursday as excitement brewed over a boost thanks to China seeing its “Lehman Brothers moment.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTether executive reassures on EvergrandeData from Cointelegraph Markets Pro and TradingView showed BTC/USD trading near the $48,000 mark Thursday.While [...]

16 09, 2021

Hedera Hashgraph rallies 150% in a week as its ecosystem expands

2021-09-16T00:55:36+00:00 September 16th, 2021|Crypto News|Comments Off on Hedera Hashgraph rallies 150% in a week as its ecosystem expands

New partnerships, NFT integration and a market-wide surge in altcoin prices back HBAR’s recent 150% rally. Altcoin Watch Real-world adoption and blockchain integration is the ultimate goal of any serious fintech protocol looking to offer workable solutions to some of the biggest challenges in finance and data transmission.Hedera Hashgraph, a public network that uses a distributed ledger technology known as Hashgraph to increase scalability and [...]

15 09, 2021

Bitcoin bulls look to profit from Friday’s $195M BTC options expiry

2021-09-15T20:30:00+00:00 September 15th, 2021|Crypto News|Comments Off on Bitcoin bulls look to profit from Friday’s $195M BTC options expiry

$810 million in BTC options expire this Friday, and derivatives data suggests bulls are keen to push the price through the $50,000 level. Market Analysis Over the past ten days, Bitcoin (BTC) price tested the $44,500 resistance on multiple occasions, and this marked a 16% drawdown from the previous week's $53,000 local top. Not even the $3.4 billion long futures contracts liquidations that occurred on [...]

15 09, 2021

Frontier, Ren and Keep Network book 20% gains as Bitcoin claims $48K

2021-09-15T17:44:20+00:00 September 15th, 2021|Crypto News|Comments Off on Frontier, Ren and Keep Network book 20% gains as Bitcoin claims $48K

Bitcoin’s surge above $48,000 catalyzed a strong move from REN, KEEP and FRONT. Market Update Bitcoin's (BTC) rise back above the $48,000 mark was back by similar moves from altcoins and analysts expect the market-wide rally to continue if the top-ranked digital asset can take aim at the $50,000 resistance level. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph [...]

15 09, 2021

BTC price hits $48K with little resistance left before $50K retest

2021-09-15T15:28:47+00:00 September 15th, 2021|Crypto News|Comments Off on BTC price hits $48K with little resistance left before $50K retest

The "final hurdle" before all-time highs is now in sight, say analysts, as Bitcoin adds to weekly gains. Market Update Bitcoin (BTC) quickly returned to $48,000 during Sept. 15 as BTC/USD continued on the path to a $50,000 retest. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin takes aim at $50,000Data from Cointelegraph Markets Pro and TradingView tracked the largest cryptocurrency as it beat out thin resistance above [...]

15 09, 2021

MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

2021-09-15T15:00:00+00:00 September 15th, 2021|Crypto News|Comments Off on MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million. Markets News The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries.The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings to nearly $5.3 billion. That comes out [...]

15 09, 2021

Bitcoin has now been above $10K for a whole year

2021-09-15T13:25:00+00:00 September 15th, 2021|Crypto News|Comments Off on Bitcoin has now been above $10K for a whole year

While attention focuses on $100,000, few remember that BTC/USD has now been in five figures for over 365 days. Markets News Bitcoin (BTC) has now traded above $10,000 for an entire year, as expectations demand $100,000 before the end of 2021.While hodlers impatiently wait for new all-time highs, BTC price action is celebrating the first of what is likely many anniversaries. BTC/USD: One year in [...]

15 09, 2021

Uniswap (UNI) price jumps by 15% in DeFi, cryptocurrency market rebounds

2021-09-15T10:44:03+00:00 September 15th, 2021|Crypto News|Comments Off on Uniswap (UNI) price jumps by 15% in DeFi, cryptocurrency market rebounds

The jump in UNI/USD rates has quickly met with sellers at local top levels. Altcoin Watch Uniswap (UNI) was among the best performers among the top cryptocurrency tokens by market capitalization in the previous 24 hours, logging better gains than other top cryptocurrencies, namely Bitcoin (BTC), Ether (ETH) and Binance Coin (BNB).On Wednesday, the UNI/USD exchange rate jumped 13.26% to hit a seven-day high of [...]