Bitcoin has undergone a strong bounce since the Monday lows of $13,200, set in a rapid crash lower that liquidated millions. The price of the leading cryptocurrency currently is $13,750, up over $500 from the aforementioned lows. On the day, Bitcoin is up 1.5%, outpacing a majority of altcoins including Ethereum but somewhat underperforming the…
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Bitcoin price has remained resilient in the face of plenty of negative news, and not even the uncertainty and anxiety surrounding the pivotal US election can dent the cryptocurrency’s ongoing bullish momentum. Even with investor emotions running higher than ever today, the leading cryptocurrency by market cap won’t stop climbing and is once again heading…
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A modest price rebound in the Bitcoin market reversed in the hours before the New York opening bell Tuesday. The benchmark cryptocurrency was trading at $13,605 when the sell-off started. A closer look at its hourly chart hinted that the pullback was technical. Bulls attempted to close the Bitcoin price above a short-term descending trendline…
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Traders believe Bitcoin (BTC) is gearing for a “monster rally,” as the market sees heightened levels of FUD. The term FUD is an abbreviation for fear, uncertainty, and doubt. Traders often use this term when the market sentiment suddenly turns negative after a series of pessimistic events. But, Bitcoin tends to recover when FUD in…
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We recently had an opportunity to chat with Kevin Murcko, the CEO of CoinMetro — a leading cryptocurrency exchange and trading platform. As a part of our conversation, we asked Kevin a few questions regarding the platform, its future, and more importantly, their Bond Sale. Here is what he had to say: Q: Let’s start…
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The crypto community was stunned last night to learn of a minting exploit that had collapsed the value of Axion. On November 2, 2020, during the 1:1 Axion for Hex airdrop, an attacker minted and sold 79 billion AXN tokens, crashing the price from $0.00036673 to zero as a result. Source: AXNUSD on CoinGecko.com The…
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In the last year, stablecoins have gone from representing just a tiny fraction of global cryptocurrency trading volume to more than half of it. This, because more users than ever before now use stablecoins to exit volatility, invest, and make payments. But in order for stablecoins to truly achieve mass adoption, they need to appeal…
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Yearn Finance’s native token YFI debuted with an explosive price rally, surging from zero to over $44,000 in just 45 days of trading. But as hopeful traders anticipated an extended bull run towards $100,000, bearish catalysts pulled the rug under their feet. The YFI/USD exchange rate crashed by almost 78 percent from its all-time high…
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Like many other altcoins, Chainlink (LINK) faced a strong correction in September and October after the summer highs were set. From its summer high and all-time high of $20, set in the middle of August, LINK corrected more than 50%, bottoming around $7. As of this article’s writing, Chainlink trades for $10.86, down around 4%…
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Chainlink (LINK) started a sharp decline from the $11.60 resistance zone. The price is now trading well below $10.50 and it seems like the bears are aiming a test of the $9.00 support. Chainlink token price started a major decline after it failed to clear the $11.60 resistance against the US dollar. The price is…
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