Over the summer months, Ethereum transaction fees ran hot, causing the DeFi trend and Uniswap token swapping boom to finally run out of steam. But as transaction fees begin to pick up again after a period of inactivity and downtrend,…
Category: Crypto Analysis
Why Ethereum and Altcoins Faced Carnage As Bitcoin Hit $19,500
The ongoing Bitcoin rally brought investor interest back to altcoins in a big way, but as soon as the top-ranked cryptocurrency made it above $19,000, it has been nothing but carnage for Ethereum and the rest of the altcoin space.…
The FBC Fund Has Invested in Vectracoin
The rumors about the acquisition of 2000 tokens appeared last week, but both sides confirmed that the transaction took place actually only last night. The FBC (Finance and Business Capital LTD) Fund is best known for its unique patented FBC13…
Bitcoin Price Rises Ahead of FOMC Minutes; What to Expect Next?
Bitcoin rose Wednesday, right ahead of the release of the Federal Open Market Committee’s minutes from their November meeting. The benchmark cryptocurrency climbed 0.13 percent to $19,198, with its rally slowing down as traders weighted vaccine progress against a persistent…
Janet Yellen is Bullish for Bitcoin, Macro Investor Explains Why
Bitcoin rallied to over $19,000 in the same week that saw President-elect Joe Biden’s decision to appoint Keynesian economist Jenet Yellen as the next US Treasury Secretary. Anthony Pompliano, the co-founder/partner at New York-based Morgan Creek Digital Assets, noted that…
OKEx CEO Jay Hao Talks About Recent Withdrawal Suspension and Safety of Crypto Assets on the Platform
The leading crypto spot and derivatives exchange OKEx recently announced that crypto withdrawal service will be restored on the platform by November 27, after more than a month of suspension. The news has come as a relief to its users.…
Wall Street Investor: The Altcoin Squeeze Might Be Over, Eyes on Bitcoin
Altcoins have strongly outpaced Bitcoin over the past few days. This is a large shift compared to what took place just weeks ago where it was BTC that was leading the market and altcoins that were down in the dumps.…
Charted: Ripple (XRP) Consolidates, Why It Could Rally Again To $0.75
Ripple rallied significantly above $0.6000 and $0.7000 before correcting lower against the US Dollar. XRP price is now consolidating above $0.6200 and eyeing the next crucial break. Ripple started a strong rally after it settled above the $0.3000 resistance against…
TA: Ethereum Weakens Below $600: Why 100 SMA Could Trigger Fresh Increase
Ethereum started a downside correction from the $620 zone against the US Dollar. ETH price is now trading near a major support at $580 and the 100 hourly SMA Ethereum started a downside correction after it failed to clear the…
TA: Bitcoin Correcting Gains, Key Resistance Turned Support Nearby
Bitcoin price broke to the upside and traded close to $19,500 against the US Dollar. BTC is currently correcting gains, but the previous resistance near $18,800 could provide support. Bitcoin traded above the $18,700 and $18,800 resistance levels before correcting…
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