Category: Analysis

Something “unexpected” will need to happen to stop the Bitcoin rally: Bloomberg analyst

Bitcoin has begun to lose grip of the bullish uptrend it was embroiled in. According to CryptoSlate market data, the leading cryptocurrency has slipped 2.5 percent in the past 24 hours, trading at $11,720 as of this article’s writing. This is around $700 shy of the $12,500 high BTC reached earlier this week. Chart of…

August 20, 2020
Investors pinpoint DeFi insurance as the next big thing—YFI keeps surging

Investors believe insurance on Decentralized Finance (DeFi) could become the next big market within the Ethereum space. Major DeFi projects working on insurance, like Yearn Finance (YFI), have surged in recent weeks as a result. Fred Ehrsam, the co-founder of Paradigm, and Andrew Kang, an investor at Mechanism Capital, both say that DeFi insurance could…

August 20, 2020
This on-chain metric suggests Chainlink is ready to extend its uptrend

Chainlink has witnessed some intense volatility in recent days, with its strong macro uptrend stalling after it set fresh all-time highs of $20.00 earlier this week. Part of this recent strength has been fueled by an influx of publicity from mainstream media outlets that have covered the cryptocurrency’s meteoric rise, as well as attention from…

August 19, 2020
Litecoin has massive fundamentals lined up ahead, says Charlie Lee

Litecoin — long called the “digital silver” — has strong developments lined up to ensure the token’s long-term growth, said founder Charlie Lee on Twitter earlier today. Some of those include a Litecoin-branded debit card, Grayscale’s Litecoin Trust, and the much-awaited rollout of MimbleWimble, the privacy implementation on Litecoin led by Grin developer David Burkett.…

August 19, 2020
Bitcoin volatility is back: Trading tools can protect both traders and the stability of the industry

After months of bitcoin experiencing surprising stability, its volatility is back. Faith in its equilibrium was lost as its value dropped and gained more than $1,000 in minutes at the beginning of the month of August. Bitcoin has had a rocky history – it reached nearly $20,000 in 2017 making a +1,318% rate of return…

August 19, 2020
Bitcoin derivatives data shows the institutional “herd” is finally here: fund manager

In 2017 and 2018, Bitcoin proponents coined the term “the institutional herd” to describe the flood of Wall Street investors and companies that were then expected to grace the cryptocurrency market. That “herd,” at least in 2017 and 2018, never arrived. Most executives and analysts in the space say that back then, most price action…

August 19, 2020
Yearn.finance community looks to split YFI token as price rockets past $10,000

Over the past few weeks, Yearn.finance community members have been driven by a goal of YFI’s price reaching parity with that of Bitcoin. This goal came to fruition overnight, as the token’s price rocketed to highs of over $12,000 before facing an influx of selling pressure that caused it to dip as low as $9,000.…

August 18, 2020
DeFi total value locked blasts through $6.4 billion, causing YFI, REN to rocket

The total value locked of the Decentralized Finance (DeFi) market surpassed $6.4 billion for the first time. In doing so, it caused the valuation of leading tokens, like YFI and REN, to surge. YFI and REN, the native tokens of protocols Yearn Finance and Ren Protocol, surged by 53 percent and 16 percent, respectively. The…

August 18, 2020
Singapore bank says Bitcoin, crypto is “no more” the wild west

A prominent Singapore bank said Bitcoin and other public cryptocurrencies present a “new frontier” for contactless payments and digital money, one that’s past their days of being dismissed by bankers. Bitcoin an alternative investment for bankers, says DBS DBS, one of the top banks in Singapore with an estimated $234 billion under management, said in…

August 18, 2020
Binance system traffic has surpassed its 2017 highs as crypto bull market kicks off

The crypto market appears to be entering a full-fledged bull run, with Bitcoin and other major altcoins slowly advancing higher while smaller market-cap coins see parabolic momentum. This price action has marked an extension of the uptrend that has been seen throughout the past month, although it now appears to be picking up steam as…

August 17, 2020