If Bitcoin seeing a minor correction or consolidation in the next few days could benefit select altcoins. The supply and demand equation determines the price of an asset. In the past few months, the uptick in institutional demand for Bitcoin (BTC) has resulted in a strong bull run. This uptrend may continue until demand exceeds […]
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There are several factors why SNX is seeing some impressive gains over the past month. SNX, the native token of Synthetix, a DeFi derivatives protocol, has been surging throughout the past week and is now worth over $7.87 as of Dec. 23. The primary catalyst behind SNX has been a listing on Coinbase. On Dec. […]
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A handful of DeFi tokens are producing double-digit gains as Bitcoin price fights to turn $19,500 to a strong support level. The world’s negative-yielding debt has soared to over $18 trillion according to Bloomberg. In such times, it is no surprise that the decentralized finance space, a place where mouth-watering yields can be found, has […]
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Bitcoin’s bullish move above $19,300 is pulling select altcoins closer to their key overhead resistance levels. Over the weekend Bitcoin (BTC) price made a push back above the $19,000 level as traders showed up and provided enough volume to support the surge. At the time of writing, BTC price breaking above a pennant but the […]
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Bitcoin’s rally back to $19,000 could improve market sentiment and push select altcoins higher this week. December is proving to be another blockbuster month for Bitcoin as the flow of institutional investors injecting funds into Bitcoin continues to increase. Business intelligence firm MicroStrategy announced that it had raised $650 million worth of convertible bonds at […]
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Select altcoins are moving higher as Bitcoin price gains strength and consolidates within a bull pennant. Bitcoin’s (BTC) price has been hovering near the $19,000 level for the past few days. Whenever the price consolidates near the all-time high, it is an indication of strength. However, the question troubling investors is whether Bitcoin will source […]
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Bitcoin’s recent correction is healthy, but several altcoins have lost momentum and could remain range-bound for a few days. Bitcoin’s (BTC) rise above $20,000 will have to wait as the price saw a strong correction which and turned away from reaching a new all-time high. Data suggests that whales decided to book profits when Bitcoin […]
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Bitcoin and most major altcoins could consolidate for a few days before starting the next big move. The crypto market has been in a strong bull run over the past few days, and that has pushed Bitcoin (BTC) to its second-best day ever. Almost every trader now seems to be fixated on the magical figure of $20,000 […]
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XRP has almost doubled its value over the past week. Ripple’s XRP is rising in price, but the reasons are not entirely clear. Between 11:00 am and 3:00 pm UTC today, XRP gained approximately 20% in value, based on data from TradingView.com. The asset has rallied about 83% total since Friday and is up roughly 98% […]
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Bitcoin could consolidate for a few more days as the action shifts to Ether, XRP, and other large-cap altcoins. Bitcoin (BTC) has been leading the current crypto rally for the past few weeks and this has boosted its dominance from 56% on Sep. 3 to 67% on Nov. 18. However, as Bitcoin nears its all-time […]
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