Coins

“XRP Retraces To $0.21700 USD, Are Bulls In An Accumulation Phase?”

January 7th, 2020

XRP/USD continues its impressive growth as the digital asset grew over 9% in the past 24 hours to trade at $0.21795 USD, as at the time of writing. The spur in XRP’s price followed the launch of Binance’s XRP/USDT perpetual contracts on 6TH January 2020, giving traders up to 75X leverage on the pair’s trade….

Cryptocurrency Market Cap Breaches $200 Billion as Altcoins Gain over 20%

January 6th, 2020

At press time, the market capitalization of cryptocurrencies is $201.6 billion. The dominance of Bitcoin is 68%, Ethereum [ETH] 7.5% and XRP 4.28%. The $200 billion market has been acting as strong area of resistance and support since the third week of November. Total Crypto Mcap (Source: CoinMarketCap) The rise in Bitcoin early this year,…

Bitcoin A Safe Haven In The Escalated US-Iran Tensions?

January 4th, 2020

A number of analysts have come forward to dismiss the overall effect of US-Iran tensions on Bitcoin’s recent spike. Nonetheless, mainstream media took to the narrative of Bitcoin being a safe haven asset during the US-Iran tensions raising the question; is Bitcoin (BTC) really a safe haven asset in times of war? “Innocent and desperate…

Independent Researcher Reveals the Best Day to Buy Weekly Bottoms in Bitcoin [BTC]

January 3rd, 2020

There are many factors that affect the price of Bitcoin alone and on particular days. Like the CME gap, which occurs due to the weekend price action in BTC price has been a characteristic feature of the asset. Similarly, there are analogies with days of the week in relation to price action. As reported on CoinGape…

Bitcoin Price Breaks Below Key Indicator – Analysts Explain PA on Higher Time Frames

January 2nd, 2020

Bitcoin Price begins the first two days of the year on a bearish note price break below $7150 area of support. The price of Bitcoin [BTC] at 4: 00 hours UTC on 2nd January 2020 is $7095. It is trading 1.2% lower on a daily scale. BTC/USD 1-Day Chart on Bitstamp (TradingView) It is currently…

Bancor Exchange Token Gains 8.65% after Announcement of $1.8 Million in Airdrop

December 30th, 2019

$BNT, Bancor Network token gains 8.65% as it announces an airdrop of $BNTETH. The token will be used to provide liquidity for the exchange. In return, the holders will benefit from the trading fees. The price of BNT at 5:00 hours UTC is $0.272. It is reached at high of 0.277 after the announcement gaining…

Chinese Crypto Analysts Reveal Truth Behind Law and Warning Imposition in the Country

December 27th, 2019

The financial and housing regulatory authorities in Beijing issues a warning letter for its citizen engaging in cryptocurrency businesses. However, prominent crypto analyst and CEO of Sino Global Capital, Matthew Graham says that the letter is more of a ridicule in the country itself. The warning extends to service providers, investors and other interested entities…

Ethereum Futures Market Stats Indicate Increased Short Inclination

December 26th, 2019

Ethereum [ETH] investors were highly alarmed of a possible dumping yesterday. About $25 million in ETH were moved to exchanges like Kraken, Binance and Huobi. Blockchain analytics start-up, Viewbase tweeted, 204,530 $ETH has been sent to exchanges, with 89,058 ETH going to #Kraken, 25,908 ETH going to #Binance and 99,987 ETH to #Huobi respectively. The…

Ethereum Hard Fork on January 1, 2020 to Increase Inflation by over 20%

December 24th, 2019

The devs from the Ethereum Foundation confirms that Hard Fork scheduled on 1st January will increase the inflation in ETH. The increase in inflation or the supply is expected to decrease the price of ETH further. Nonetheless, there is also a slight chance that the negative effects have been priced in already. The Hard Fork…

Tron Gains 12% as Justin Sun Promotes a Latent Ponzi Scam

December 23rd, 2019

Tron [TRX] gained 12.34% as price soared past $0.015,  it rose from $0.135. It logged a high at around $0.016 as the price upside eventually cooled down after the launch of the game. TRX/USD 1-Day Chart on Bitfinex (TradingView) “Playing the game” is essentially just buying a box on the just.game website. According to the about…