The trading range of most major cryptocurrencies has tightened, meaning a sharp directional move could occur within the next few days. Lately, a great deal of attention has been focused on the correlation between Bitcoin and the S&P 500, meaning crypto traders need to keep track of the fundamentals of the equity markets. Global markets […]
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Bitcoin price is stuck inside a narrow range and remains at the mercy of the stock market, which will likely decide the outcome of the next big move. Bitcoin (BTC) is trading down 1.72% over the last 24 hours and 1.5% for today’s session. Looking at performance relative to its peers and in contrast, Ether […]
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Most major cryptocurrencies are attempting to bounce off their immediate support levels, which is a huge positive as it suggests buying on dips. Famed investor Mike Novogratz believes that additional crypto adoption and more drastic central bank actions will benefit Bitcoin. The Galaxy Digital CEO said that hedge funds and high-net worth individuals have been […]
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Bitcoin ranks 14th on the latest blockchain project index released by China’s Center for Information and Industry Development. The Blockchain Research Institute headed by China’s Center for Information and Industry Development (CCID) released its 17th Global Public Chain Technology Evaluation Index on April 10. The index ranks 37 of the most widely used public blockchains […]
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Bitcoin once again fell below $7,000 as it plummeted by roughly $500 in minutes with many traders now bracing for more downside in the coming week. Bitcoin (BTC) price has again dropped below $7,000 and at the time of writing the digital asset is struggling to hold above $6,700. The sharp downside to a new […]
Continue ReadingMost major cryptocurrencies have turned down from their 50-day moving averages, suggesting that bears are attempting to resume the downtrend. The number of Bitcoin whales holding at least 1,000 BTC has been rising for the past few months, according to a report by Glassnode. The report also highlights that the accumulation continued during the recent […]
Continue ReadingLeading crypto exchange Binance is refuting claims of embezzlement recently levied against it by an alleged scammer. Major cryptocurrency exchange Binance is refuting recent claims of embezzlement from a Ukrainian national whose account was frozen for alleged fraud. Speaking to Cointelegraph, Binance noted inaccuracies in the sums of crypto assets that the Ukrainian account holder […]
Continue ReadingQuarterly Ethereum DApp volume has grown 650% year-over-year, while EOS activity has dropped nearly 12% and Tron has fallen 74%. Crypto analysis firm DappReview published its quarterly report examining transaction volumes for decentralized applications (DApps) on April 8. The report finds a significant increase in total DApp activity during the past three months when compared […]
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ICON unveils a new consensus algorithm which improves scalability and network bandwidth without sacrificing security. South Korea’s largest public blockchain project, ICON (ICX), announced its new Loop Fault Tolerance 2.0 (LFT 2.0) consensus algorithm on April 8. The new algorithm claims to make performance improvements in scalability and network bandwidth over the popular Practical Byzantine […]
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Bearish traders are aggressively defending the 50-day SMA on most major cryptocurrencies but once crossed, momentum is likely to pick up. Central banks around the world have pumped up their economies with huge stimulus measures. JPMorgan Chase’s chairman and CEO, Jamie Dimon, praised the United States for taking swift action to counter the current economic […]
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