Ordinarily, when a crypto network sees an upgrade, its price tends to have a positive reaction, like it was seen during the launch of Ethereum’s EIP-1559 when the value of the asset rallied above the $3,000 mark again. However, in the case of Cardano, despite the implementation of its highly anticipated Alonzo upgrade that brought…
After hitting a new all-time high of $69,000 on November 10, Bitcoin has been caught in a downtrend. Friday’s 9% swing to the downside sent jitters across the market, but strong support at the $53,800 level proved fortunate for bulls. Since then, two further retests at $53,800 have also held firm. Crypto YouTuber Lark Davies…
Cardano (ADA) sunk to $1.58 on Wednesday, marking a 15 week low. This coincided with news that social trading exchange eToro intends to delist both ADA and TRX, for U.S users, in the coming weeks. Source: ADAUSD on TradingView.com In the run-up to the release of Alonzo smart contracts, Cardano hit an all-time high of…
While many individuals might see the recent crypto market correction as a reason not to invest in any of the crypto assets, Bitcoin whales have taken advantage of the dip to buy over $2 billion worth of the flagship digital asset. Bitcoin whales buy more BTC despite the dip Data shared by Santiment recently revealed…
After predicting Bitcoin’s 50% crash in March, institutions are turning bearish again Bitcoin has embarked on a spectacular run since the $3,700 lows seen in March, but data shows that institutional investors are flipping bearish on the cryptocurrency market in the short to medium term. 2 min read →
Institutional investors’ interest in Bitcoin has refused to wane despite the continued price volatility of the flagship digital asset which has seen the asset rise to over $68,000 then drop to around $57,000 presently within the space of the last 30 days. An example of one such investor is a leading investment bank in the…
Bitfinex Derivatives, a derivatives platform accessible through Bitfinex, yesterday announced the launch of perpetual contracts for Shiba Inu (SHIBF0:USTF0), OMG Network (0MGF0:USTF0), Bitcoin and Euro Tether (BTCF0:EUTF0), and Ethereum and Euro Tether. The pairs go live next month. Shiba Inu and OMG Network contracts will be settled in Tether tokens (USDt). BTCF0:EUTF0 and ETHF0:EUTF0 will…
Bitcoin’s latest sideways movement caused a stir in the crypto market, with traders pointing fingers to a variety of different factors as the main catalysts for the slump. However, digging a little deeper shows that most of the usual suspects had little chance of causing BTC’s drop to $55,000. Instead, analysts believe that the world’s…
Avalanche (AVAX) defies the broader crypto market sell-off, hitting a solid run of form in which it briefly touched $150 on Binance, a new all-time high. Source: AVAXUSDT on TradingView.com However, profit-taking saw AVAX give up most of those gains, closing Monday’s daily candle at $135. Nonetheless, the Ethereum-rival still entered the top ten by…
Cardano’s silent rivalry with Ethereum seems to be gaining traction as the on-chain transaction volume seen on its blockchain almost doubles that of the network of the second largest crypto asset by market cap. Cardano’s on-chain transaction volume behind only that of BTC According to data from Messari, a leading crypto forensic platform, Cardano’s on-chain…