Bitcoin has been forming a striking correlation to the S&P 500 and the rest of the stock market throughout the past few months. This correlation has only grown in recent weeks, and today’s slide in the equities market has led the benchmark cryptocurrency down to a crucial support level Analysts are now pointing to this…
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Yesterday, high-profile Twitter celebrities and other influential accounts were hacked to promote a Bitcoin scam. The scam isn’t uncommon and is just one of many that involve cryptocurrency in some way. To help investors avoid scams like these, we’re highlighting the most common crypto-related scams and how to avoid them. Bitcoin At Center of High-Profile…
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Roughly $6 billion were wiped out of the cryptocurrency market in the past 24 hours. The massive cash outflow was felt throughout the entire market as most digital assets went into the red. The sudden bloodbath also saw the liquidation of $13 million worth of long Bitcoin positions on BitMEX alone. The Cryptocurrency Market Turns…
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The options market is becoming a more integral part of Bitcoin’s market, seeing tremendous growth throughout 2020. Less than a month ago, the benchmark cryptocurrency saw its largest ever options expiry, with nearly $1 billion in contracts expiring. In the time since, however, options open interest has rebounded significantly and is now sitting around $1.1…
DetailsBitcoin price has been consolidating for months, but the current level may soon be lost completely if bulls can’t quickly reclaim $9,400. If the first-ever cryptocurrency can’t do so, the asset is at risk potentially for a substantial drop as a result. What’s so important about this level, and why does one crypto analyst think…
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Chainlink plunged during the Thursday trading session in what appears to be a sell-off caused by profit-takers. The latest decline appeared as a part of a downside correction that started a day after Chainlink set an all-time high at $8.93. Meanwhile, favorable fundamentals in the form of new strategic partnerships kept the token above crucial…
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In the countdown to the Shelley mainnet launch at the end of this month, Cardano has released details of its staking reward system. The amount of staking reward is determined by several factors, such as the number of staking pools in operation, the saturation of a delegated pool, and block production efficiency. At present, all…
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Just minutes ago as of this article’s writing, Bitcoin and Ethereum have begun to break down from the lows of their consolidations over the past few days. For ETH, that meant the asset fell below $238-240. And for BTC, that meant losing the $9,200 region. While this is by no means the massive bearish breakdown…
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Bitcoin plunged towards $9,000 during the Thursday trading session as a flurry of negative media coverages engulfed the cryptocurrency market. The plunge followed two weeks of flat price action that kept Bitcoin restricted inside the $9,100-9,300 range. It also appeared as Chinese stocks experienced their heaviest sell-off since February 2020, a sentiment that rippled across…
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Ripple is resilient above the main $0.1920 support zone against the US Dollar. As long as XRP price is above $0.1900, it could drive the crypto market higher in the coming days. Ripple price is consolidating in a range above the $0.1920 and $0.1900 support levels against the US dollar. The price is stuck below…
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