Category: Analysis

Why XRP suddenly spiked 35% in 45 minutes after a massive correction

The XRP price increased by 35% within 45 minutes subsequent to a large correction after Coinbase suspended XRP trading. The main catalyst behind the sudden spike in the XRP price seems to be a short squeeze. According to data from Bybt.com, $96 million worth of XRP futures contracts were liquidated in the last 12 hours.…

December 29, 2020
After Bitcoin surged to $28,000 and Ethereum hit $740, analysts have begun to fear a correction

Analysts have begun to fear a crypto market correction despite the Christmas rally. Bitcoin traded as high as $28,500 this past weekend while Ethereum peaked near $740, an all-time high for BTC and year-to-date high for ETH, respectively. While the medium-term to long-term trend of the crypto market remains bullish, some have begun to fear…

December 28, 2020
Bitcoin logs $28,000 all-time high, but there’s no retail interest (yet)

Bitcoin prices zoomed to $28,000 last week, but one key element of the market remains missing. Where’s the retail at? Data suggests a critical driver of the cryptocurrency market from 2017 is yet to step into the vicious realms of the infamous, volatile, and oft-excruciating space. Analytics service skew tweeted Sunday that “retail interest hasn’t…

December 28, 2020
Local top? Why Bitcoin traders are starting to get slightly cautious

The Bitcoin price has seen a relatively large pullback since December 27, after it hit a peak at $28,422. Following a 6.5% drop, technical analysts and traders are becoming slightly cautious in the short-term. The Bitcoin price chart. Source: BTCUSD on TradingView.com Bitcoin demand came from derivatives, not institutions The Bitcoin rally to over $28,000…

December 28, 2020
Local top? Why Bitcoin traders are starting to get slightly cautious

The Bitcoin price has seen a relatively large pullback since December 27, after it hit a peak at $28,422. Following a 6.5% drop, technical analysts and traders are becoming slightly cautious in the short-term. The Bitcoin price chart. Source: BTCUSD on TradingView.com Bitcoin demand came from derivatives, not institutions The Bitcoin rally to over $28,000…

December 28, 2020
2017-era altcoins Zilliqa (ZIL) and VeChain (VET) rocket higher amid Bitcoin boom

As has become the norm over recent months, Bitcoin has become all the rage as it has shot higher. On the week, the leading cryptocurrency is up 13 percent, outpacing almost all cryptocurrencies in the top 100 by market capitalization aside from a small number group of coins. What’s interesting about these coins is that…

December 27, 2020
These are the crypto companies that could go public in 2021

The crypto industry is finally going mainstream on Wall Street. First and foremost, crypto began to curry favor with top banks and financial service companies this year such as Visa, PayPal, JPMorgan, and many others. Secondly, institutional investors have begun to allocate serious capital and attention to Bitcoin and other digital assets, citing the asset…

December 27, 2020
Litecoin (LTC) continues to surge with another intraday rally—but why?

The Litecoin price surged 6% again in the past 24 hours, after a week-long rally. It has become the second-best performing cryptocurrency by weekly gain. What’s triggering the Litecoin price rally? There are three major factors behind the Litecoin price rally: ideal technical structure, Bitcoin’s rally, decent fundamentals. Jonny Moe, a cryptocurrency trader, pinpointed the…

December 27, 2020
Bitcoin dominance back to 2019 levels as institutions fill their bags

The world’s pioneer cryptocurrency has bounced back to glory after the DeFi summer stole much of the limelight. Bitcoin’s dominance rises to 68% As per data on tracking site CoinMarketCap, Bitcoin’s market share dominance is now at 66% after a long “DeFi summer” and a mini-alt season in October. These levels were last seen in…

December 24, 2020
Synthetix DeFies odds, surges 30% despite Ethereum drop from year-to-date highs

For most of the past 48 hours, the crypto market was blood red. Bitcoin had dipped from $24,300, its weekend highs, to $21,800 at the local lows, as Ethereum slipped under $600 for the first time in many weeks. This move resulted in a strong move lower in many smaller-cap altcoins, which fell against the…

December 23, 2020