Amazing Crypto

Category: Price Watch

  • On-chain analysts explain why Bitcoin suddenly dropped 16% in 6 hours

    On-chain analysts explain why Bitcoin suddenly dropped 16% in 6 hours

    The price of Bitcoin declined by 16% in six hours after an explosive rally to above $34,000. The correction occurred as the derivatives market became extremely overheated. The Bitcoin futures market can become overcrowded if the market is dominated by either short-sellers or buyers. If either one overwhelms the market, then the probability of a…

  • XLM bumps to $0.15 as Ukraine selects Stellar for its CBDC

    XLM bumps to $0.15 as Ukraine selects Stellar for its CBDC

    Stellar, the world’s 14th-largest cryptocurrency, was selected by the European country for the latter’s upcoming state-backed digital currency. Stellar selected Ukraine will deploy its upcoming Central Bank Digital Currency (CBDC) on the Stellar blockchain, as per a press release on Monday. The project will be overseen and conducted by the country’s Ministry of Digital Transformation…

  • Ethereum (finally) takes the lead with a 25% rally as Bitcoin stalls at $33,000

    While Ethereum appreciated over December, the leading altcoin has largely underperformed Bitcoin. On days when BTC rallied 5-8 percent in a single day in December, Ethereum was sometimes flat, consolidating around key support levels as capital was focused on Bitcoin. Many attribute this to the institutional support for the crypto market, which aggregates in Bitcoin…

  • Dogecoin (DOGE) surges over 100% as Bitcoin bull run takes BTC to $33,000

    Bitcoin has exploded higher over the past 24 hours yet again, moving higher rapidly after passing the $30,000 price resistance level. As of this article’s writing, BTC trades for $32,000, though moved as high as $33,500 just hours ago. Bitcoin also traded as low as $30,000 two hours ago as a result of a rapid…

  • Bitcoin blasts through $31,300: What do analysts think about BTC in Q1 2021?

    Bitcoin blasts through $31,300: What do analysts think about BTC in Q1 2021?

    The price of Bitcoin has surpassed $31,300 on Coinbase, reaching a new all-time high after blasting past $32,000. Following BTC’s surprisingly strong rally, analysts believe the momentum of Bitcoin is sufficient to see another leg up. The price of Bitcoin. Source: BTCUSD on TradingView Analyst: Bitcoin could be heading to $47,000 next According to trader…

  • What top 5 crypto analysts and fund managers think will happen to Bitcoin’s price in 2021

    Despite the pandemic and the amount of global turmoil in 2020, Bitcoin enjoyed an extremely strong rally. The cryptocurrency ended 2020 up by over 300 percent, making it the best-performing institutional asset aside from Tesla’s shares, TSLA. Chart of BTC’s price action over 2020 Source: BTC/USD Chart from TradingView This comes in spite of Bitcoin…

  • Cosmos developer: “We have never thought of ourselves as Ethereum killers”

    Cosmos developer: “We have never thought of ourselves as Ethereum killers”

    Cosmos is a network of blockchains that allow it to scale better. In a way, it is more similar to Polkadot than Ethereum, but the similarity among all three blockchains is that they support smart contract-using decentralized applications. The common misunderstanding of Cosmos and even Polkadot is that these blockchain protocols are in direct competition…

  • Bitcoin price’s greatest catalyst in 2021 is the expanding M1 supply—here’s why

    Bitcoin price’s greatest catalyst in 2021 is the expanding M1 supply—here’s why

    The price of Bitcoin is surging and there are many catalysts behind it, such as institutional demand and the appetite for risk-on assets. But, there is one major factor that makes Bitcoin particularly compelling as a store of value and that is the M1 Money Supply. The price trend of Bitcoin. Source: BTCUSD on TradingView…

  • The world of Polkadot (DOT): A 2020 year in review

    The world of Polkadot (DOT): A 2020 year in review

    According to Gavin Wood, the founder and lead developer at Polkadot, The ambitious blockchain project has had a hugely successful year and will continue to be the most decentralized network on the market. Wood published a roundup of the company’s achievements in 2020 and shared the company’s plans for next year. Grant programs and treasuries…

  • Polkadot surges 67% in the past week—what’s behind DOT’s rally?

    Polkadot surges 67% in the past week—what’s behind DOT’s rally?

    Polkadot (DOT) has increased by over 67% in the past week as the best-performing top 100 cryptocurrency in the last seven days. There are two key reasons behind the immense rally of Polkadot. First, it broke out against Bitcoin, which likely led traders to increasingly accumulate DOT. Second, it is fundamentally improving as potentially the…