Category: Price Watch

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
On-chain analyst says Bitcoin in serious “supply and liquidity” crisis

Bitcoin has been gobbled up like no tomorrow by institutions and accredited funds in the past months. And an analyst now says the asset is in midst of a sell-side crisis. Glassnode CTO Rafael Schultze-Kraft said Monday that Bitcoin was in midst of a severe “supply and liquidity” crisis as demand for the asset heated…

December 22, 2020
Analysts think Bitcoin may be overextended as bulls fail to hold $24,000

Bitcoin has undergone a strong rally over the past week, moving from $19,000 to highs near $24,300. As of the time of this article’s writing, BTC trades for $23,100, as bulls have failed to hold the $24,000 support. The cryptocurrency moved higher last evening as institutional money has continued to flood into Bitcoin and after…

December 21, 2020
3 reasons Litecoin (LTC) is up 61% in 1 week, outperforming the market

In the past seven days, the Litecoin price has increased by over 60%. It is the best-performing cryptocurrency in the past week, outperforming both Bitcoin and decentralized finance (DeFi) tokens. There are three major reasons why Litecoin has been rallying in tandem with Bitcoin. The reasons are a breakout against BTC, the historical relevance of…

December 19, 2020
This Ethereum-based crypto just launched and it already has a $2 billion diluted market cap

Yesterday, The Graph Network finally went live. The Graph is a platform that allows users to access data from blockchains, especially Ethereum. Developers can integrate The Graph data into their decentralized applications through subgraphs, a public and open API technology. While many may not know it, for months and years, The Graph’s technology has been…

December 18, 2020
Why OG altcoins like XRP are now just starting to rally

The XRP price has started to recover along with other “OG” altcoins. Throughout Bitcoin’s rally from $18,000 to over $23,000, most major altcoins have struggled. Now, they are starting to show signs of recovery. Why is the XRP price now recovering? In the past week, the XRP price stagnated even more so than other large-cap…

December 18, 2020
Cardano announces integration with Wolfram Alpha to create a new type of oracle

IOHK, the company behind Cardano, announced that it partnered with Wolfram Blockchain Labs to integrate the Cardano blockchain into Wolfram Alpha. According to the company’s announcement, the collaboration will allow users to users to interact with the Cardano blockchain and will include work on “avant-garde” oracles. Wolfram Alpha partners with IOHK to integrate data from…

December 17, 2020
Bitcoin is now at $23,000, but legacy funds are calling a move to $400k

Pioneer cryptocurrency Bitcoin did one for the record books today after it crossed the $22,000 mark for the first time in its 12-year history. The milestone came mere hours after the asset reached an all-time high of $20,000, bumped immediately afterward to $21,000, and then marched on to $22,000. Bitcoin has surged by 10% in…

December 17, 2020
Bitcoin is now at $23,000, but legacy funds are calling a move to $400k

Pioneer cryptocurrency Bitcoin did one for the record books today after it crossed the $22,000 mark for the first time in its 12-year history. The milestone came mere hours after the asset reached an all-time high of $20,000, bumped immediately afterward to $21,000, and then marched on to $22,000. Bitcoin has surged by 10% in…

December 17, 2020
Market flips bullish as Bitcoin pushes past $19,000, key technical supports hold

After plunging as low as $17,600 in the middle of last week, Bitcoin has entered an uptrend. The coin currently trades for $19,200 as of this article’s writing, though moved as high as $19,400 just hours ago. This is the highest Bitcoin has traded in approximately one week. Chart of BTC’s price action over the…

December 13, 2020