Cryptocurrency Market Analysis

15 05, 2020

6 Questions for Josh Frank of The TIE

2020-05-15T17:27:07+00:00 May 15th, 2020|Crypto News|Comments Off on 6 Questions for Josh Frank of The TIE

2 — Take a look at places 50 – 100 on the market cap rankings on CMC right now, and share a project that stands out for you. Why?As I parse through places 50-100, I can’t believe some of these coins still exist. Many of these projects have no users and no utility. Can someone justify to me how the Bitcoin Diamond network is worth [...]

15 05, 2020

Bitcoin Price Nears ‘Golden Cross’ But Will BTC Finally Conquer $10K?

2020-05-15T14:43:00+00:00 May 15th, 2020|Crypto News|Comments Off on Bitcoin Price Nears ‘Golden Cross’ But Will BTC Finally Conquer $10K?

The price of Bitcoin (BTC), the top cryptocurrency by market capitalization, is trading down 2.59% for today’s session at $9,540, erasing the push towards $10,000 late on Thursday.Ether (ETH), the second biggest crypto by market cap, is down a little less by 1.72% and retesting the critical $200 level, while XRP also attempts to maintain a key level of $0.20.Cryptocurrency market 24-hour view. Source: Coin3601-week [...]

15 05, 2020

Bitcoin Dip-Buyers Are Now Watching This Level After Another 5% Drop

2020-05-15T06:36:00+00:00 May 15th, 2020|Crypto News|Comments Off on Bitcoin Dip-Buyers Are Now Watching This Level After Another 5% Drop

At 2 A.M. (UTC) time Bitcoin (BTC) price abruptly dropped 5.11% to $9,256 before recovering to trade in the $9,500 range. This followed a previous sudden drop on Thursday after BTC briefly touched $10K to fill the CME futures gap.  Crypto market weekly price chart. Source: Coin360Data from CoinMarketCap shows that earlier in the day the price surged to $9,939 and the following consolidation of higher [...]

14 05, 2020

Journeys in Blockchain: 3LAU, DJ and Producer

2020-05-14T16:17:22+00:00 May 14th, 2020|Crypto News|Comments Off on Journeys in Blockchain: 3LAU, DJ and Producer

Loving what you do, doing what you loveWhile music was always Blau’s greatest passion, he still felt a need to pursue business as a career path. He always knew, he says, that he’d be involved in traditional things like finance, “just maybe not in a nine to five capacity”.Studying finance at Washington University in St. Louis, Blau began playing DJ gigs on weekends. He started [...]

14 05, 2020

2 Key Metrics Suggest Bitcoin Price is Back on the Path to $10,000

2020-05-14T04:23:00+00:00 May 14th, 2020|Crypto News|Comments Off on 2 Key Metrics Suggest Bitcoin Price is Back on the Path to $10,000

Bitcoin (BTC) price lit up today, rallying 5.78% to a daily high of $9,398 before pulling back to consolidate in the $9,300 range. The strong upside move pushed the top ranked digital asset on CoinMarketCap through the $8,800-$8,930 resistance zone. Since the halving day correction dropped the price to $8,122, Bitcoin price has recovered 14.48%, leading traders to now look for $9,200 to serve as support. Crypto [...]

12 05, 2020

Key Bitcoin Price Metric Shows Drop in Investor Fear After BTC Halving

2020-05-12T21:47:00+00:00 May 12th, 2020|Crypto News|Comments Off on Key Bitcoin Price Metric Shows Drop in Investor Fear After BTC Halving

Recent data from Skew shows that Bitcoin’s (BTC) implied volatility plummeted after yesterday’s halving occurred. Generally, volatility is at the heart of any professional trader as it measures daily average price oscillations and gives insight into market conditions. As previously reported by Cointelegraph, Bitcoin’s halving event tends to increase volatility due to its significant uncertainties. Traders anticipated that the price would either rally or dump during [...]

12 05, 2020

Hanko’s Time To Go? Blockchain as a Solution to Japan’s Remote Working Issue

2020-05-12T17:07:01+00:00 May 12th, 2020|Crypto News|Comments Off on Hanko’s Time To Go? Blockchain as a Solution to Japan’s Remote Working Issue

“Now is the time. If we can’t change now, we will never change.” Yuzo Kano is frank in his assessment of the two thousand year-old Hanko tradition. “We need to revisit the historical role of Hanko in Japan.”Hanko, or Inkan, is the Japanese stamp that’s almost ubiquitous in Japan’s work and life. Whenever buying a new house or car, submitting documents to a city government, [...]

12 05, 2020

BTC Halving Tweets Show Investors Remain Bullish on Bitcoin Price

2020-05-12T00:30:00+00:00 May 12th, 2020|Crypto News|Comments Off on BTC Halving Tweets Show Investors Remain Bullish on Bitcoin Price

The long awaited Bitcoin halving came and went, bringing with it whipsaw volatility which saw the price whipsaw 5% to 7% in each direction for the last three hours leading up to block 630,000. Earlier in the day, the top-ranked digital asset on CoinMarketCap managed a quick 8% rally from $8,475 to $9,168 but it was quickly snuffed out once the price dropped below the support [...]

11 05, 2020

Hodling Pays Off as Buying Bitcoin Has Been Profitable 95.4% of Days

2020-05-11T14:50:00+00:00 May 11th, 2020|Crypto News|Comments Off on Hodling Pays Off as Buying Bitcoin Has Been Profitable 95.4% of Days

With the Bitcoin (BTC) halving happening in less than 4 hours there is strong evidence that investors are continuing to accumulate Bitcoin. Readers will recall that on March 12, a day now referred to as Black Thursday, the price of the top-ranked crypto asset on CoinMarketCap crashed more than 50%, registering its second biggest daily drop in history.  While this was an incredibly painful 48-hours for over [...]

11 05, 2020

Bitcoin Price Charts Hint at Sub-$8K After Halving Hype Fades

2020-05-11T10:29:00+00:00 May 11th, 2020|Crypto News|Comments Off on Bitcoin Price Charts Hint at Sub-$8K After Halving Hype Fades

The price of Bitcoin (BTC) touched $10,000 last week but crashed more than $2,000 from Saturday to Sunday as the price hit $8,100. Is the halving hype over a la “buy the rumor, sell the news” for the top-ranked cryptocurrency? The halving is less than twelve hours away, so what can be expected from the markets with that event happening? Crypto market daily performance. Source: Coin360The price [...]

10 05, 2020

Bitcoin Price Bounces at Key Trendline Support 1 Day Before BTC Halving

2020-05-10T23:44:00+00:00 May 10th, 2020|Crypto News|Comments Off on Bitcoin Price Bounces at Key Trendline Support 1 Day Before BTC Halving

In the last 3 hours Bitcoin (BTC) price gained 2.63% after dropping to $8,256 earlier in the day. With just less than 24-hours before the block reward halving is scheduled to take place, traders are likely biting their nails and anxious to see if the top ranked crypto-asset on CoinMarketCap will be able to reclaim $9,000. Crypto market weekly price chart. Source: Coin360Today’s drop to $8,256 [...]

10 05, 2020

Bitcoin Miners Sell BTC Months After Halving, On-Chain Data Suggests

2020-05-10T20:36:00+00:00 May 10th, 2020|Crypto News|Comments Off on Bitcoin Miners Sell BTC Months After Halving, On-Chain Data Suggests

Bitcoin’s third halving is less than a day away and the cryptocurrency community remains divided on whether the price will rise or drop after the event. Interestingly, on-chain data from previous halvings suggests that after the halving Bitcoin price may not see an immediate drop.Google Trends data shows that searches for the halving have already surpassed previous all-time highs, and the crypto community has been [...]

9 05, 2020

Here’s Why Altcoins Bouncing as Bitcoin Retraced From $10K Is Bullish

2020-05-09T14:05:00+00:00 May 9th, 2020|Crypto News|Comments Off on Here’s Why Altcoins Bouncing as Bitcoin Retraced From $10K Is Bullish

The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, hit the psychological barrier of $10,000 but immediately rejected. Meanwhile, the sentiment is shifting from fear towards greed as the Crypto Fear & Greed Index is now above 50 for the first time in three months.However, altcoins have been showing weakness across the board. Investors are selling their altcoins to catch the Bitcoin train [...]

9 05, 2020

Bitcoin Rally Stalls at $10K But Dip-Buyers Should Watch These Levels

2020-05-09T06:20:00+00:00 May 9th, 2020|Crypto News|Comments Off on Bitcoin Rally Stalls at $10K But Dip-Buyers Should Watch These Levels

With only 2 days left until the block reward halving Bitcoin (BTC) reached $10,000 for the second time in 24-hours. Data from Cointelegraph Markets and CoinMarketCap shows the largest digital asset by market capitalization is struggling to stay above the $10K handle.Crypto market weekly price chart. Source: Coin360A few hours ago the price lost momentum and the dropoff in purchasing volume broke the pattern of [...]

6 05, 2020

Bitcoin Price Knocks Out Key Resistance Level as Bulls Target $9,500

2020-05-06T23:15:00+00:00 May 6th, 2020|Crypto News|Comments Off on Bitcoin Price Knocks Out Key Resistance Level as Bulls Target $9,500

After spending the last few days battling to hold prices above the $9,000 resistance, Bitcoin (BTC) price made a strong move by surging to $9,395. The 3.65% move took place on a high volume surge but the price quickly pulled back to $9,126 before recovering to 9,370 at the time of writing. With just 4 days and 16 hours left before the Bitcoin halving, investors will [...]

5 05, 2020

Chainlink (LINK), Tezos (XTZ) — Key Levels to Watch as BTC Consolidates

2020-05-05T14:42:00+00:00 May 5th, 2020|Crypto News|Comments Off on Chainlink (LINK), Tezos (XTZ) — Key Levels to Watch as BTC Consolidates

When Bitcoin (BTC) goes down, Chainlink (LINK) and Tezos (XTZ) go down. But when Bitcoin starts to move upwards, a much bigger move can usually be expected from these two coins as well.As Bitcoin hit a temporary bottom yesterday at $8,450, so did Chainlink and Tezos, which are ranked 12th and 10th by market capitalization, respectively.Crypto market daily performance. Source: Coin360Chainlink hitting must-hold support and [...]

5 05, 2020

Bitcoin Price Reclaims $9K as US Gov’t Asks for Another $3 Trillion

2020-05-05T06:25:00+00:00 May 5th, 2020|Crypto News|Comments Off on Bitcoin Price Reclaims $9K as US Gov’t Asks for Another $3 Trillion

On May 5, Bitcoin (BTC) price recovered a significant portion of its losses from Sunday’s weekly close correction and data from Cointelegraph Markets and CoinMarketCap shows that within the last hour the digital asset crossed above the $9K mark again. Despite correcting to $8,500 on Sunday, Bitcoin price quickly rebounded and found support in the $8,700-$8,850 range before spending the majority of Monday consolidating in this [...]

4 05, 2020

Bitcoin Price Retraces to $8.5K Going Into Last Week Before Halving

2020-05-04T13:18:00+00:00 May 4th, 2020|Crypto News|Comments Off on Bitcoin Price Retraces to $8.5K Going Into Last Week Before Halving

Last week has been a tremendous week for Bitcoin (BTC), as the price surged from $7,500 to $9,450. However, since the peak high at $9,450, the top-ranked cryptocurrency by market capitalization has not seen a continuation, as the price is consolidating $800 lower. Is the halving hype over, and is the market ready for a correction after a 150% rally since Black Thursday? Crypto market daily performance. [...]

3 05, 2020

Bitcoin Hasn’t Done This Since 2015 Before Its 10,000% Bull Run

2020-05-03T13:13:00+00:00 May 3rd, 2020|Crypto News|Comments Off on Bitcoin Hasn’t Done This Since 2015 Before Its 10,000% Bull Run

The price of Bitcoin (BTC), the top-ranked cryptocurrency, currently sits around $9,000, after last week's impressive 20% rally in a single day.  With the halving now less than 2 weeks away, it might seem like a no brainer to go long on Bitcoin to catch the next explosive move. However, there is one chart view that suggests we may have topped out, and that is what [...]

2 05, 2020

Bitcoin Price $9.5K Resistance Puts BTC Halving Rally in Jeopardy

2020-05-02T13:46:00+00:00 May 2nd, 2020|Crypto News|Comments Off on Bitcoin Price $9.5K Resistance Puts BTC Halving Rally in Jeopardy

Investors in Bitcoin (BTC) have seen a tremendous week, as the price of the top-ranked cryptocurrency rallied from $7,500 to $9,500. A rally of $2,000 in just a matter of a week.Is this halving FOMO? Sustainable growth? All questions are arising in the recent movements, but overall a solid week for Bitcoin and crypto. What can the markets expect from here?Crypto market daily performance. Source: [...]

1 05, 2020

Bitcoin On-Chain Data Suggests Miners Expect Halving to Pump BTC Price

2020-05-01T22:18:00+00:00 May 1st, 2020|Crypto News|Comments Off on Bitcoin On-Chain Data Suggests Miners Expect Halving to Pump BTC Price

As the coronavirus pandemic continues to unfold and new signs of lockdowns beginning to be slowly lifted in Europe, all eyes in the crypto community are back on the Bitcoin (BTC) halving. The event is only 10 days away, and Bitcoin’s price seems to be acting accordingly, having surged an incredible 23% to a monthly high above $9,400 earlier this week. A widely celebrated event in [...]

1 05, 2020

Bitcoin Unfazed by Record Profit-Taking as BTC Price Resets for $9K

2020-05-01T05:49:00+00:00 May 1st, 2020|Crypto News|Comments Off on Bitcoin Unfazed by Record Profit-Taking as BTC Price Resets for $9K

Thursday's Bitcoin (BTC) price action was relatively uneventful compared to the past 48-hours of activity that the top-rated crypto on CoinMarketCap pulled off on Tuesday and Wednesday. On crypto-Twitter, one will easily find analysts calling for the digital asset to rally to $10,000 before halving, and a few have even hinted that a new lifetime high is on the cards. Tether withdrawals soar with BTC priceRegardless of [...]

30 04, 2020

Bitcoin Price Nearly Tops $9,000 Before Dropping to a Key Support Level

2020-04-30T00:25:00+00:00 April 30th, 2020|Crypto News|Comments Off on Bitcoin Price Nearly Tops $9,000 Before Dropping to a Key Support Level

On Wednesday Bitcoin (BTC) price blasted through a series of key resistance levels as traders ponied up and set their target on the $9K mark. According to data from Cointelegraph Markets and CoinMarketCap the BTC/USD pair has rallied approximately 14.5%, notching a $1,123 gain. With the block reward halving just 13 days away, bullish investors are hopeful that a push above $9,000 will lead to a [...]

27 04, 2020

Disbelief? Charts Suggest This Chainlink, Ether Rally Is Not Like 2019

2020-04-27T13:44:00+00:00 April 27th, 2020|Crypto News|Comments Off on Disbelief? Charts Suggest This Chainlink, Ether Rally Is Not Like 2019

Several altcoins have been showing strength in the past week with some of them seeing surges of more than 100%. One of them is Chainlink (LINK), whose price has risen 156% since Black Thursday, while Ether (ETH) price also rallied 135%.The main question becomes whether altcoins are back in the game, or whether it’s just a dead cat bounce once again.Crypto market daily performance. Source: [...]

27 04, 2020

Sideways Bitcoin Price Stalls Tezos (XTZ) 200% Rally to a New All Time High

2020-04-27T01:08:00+00:00 April 27th, 2020|Crypto News|Comments Off on Sideways Bitcoin Price Stalls Tezos (XTZ) 200% Rally to a New All Time High

Since dropping to a 2020 low at $0.93 on March 12, Tezos (XTZ) had been absolutely on fire, gaining 207% and within close distance of its all-time high at $3.96. For investors, the only question left now is, when will it stop? Crypto market daily performance. Source: Coin360Typically such large moves begin to show signs of overextension as the asset becomes overbought and traders eventually decide [...]