Bitcoin News Headlines

Litecoin, Cosmos, Dogecoin Price Analysis: 24 July

The market capitalization of altcoins like Litecoin and Cosmos increased by 9.06% and 1.57%, respectively, on the back of the wider market’s hike. On the contrary, DOGE’s ambiguous price movements forced its market capitalization down by 11.36%. LTC noted low liquidity and ATOM gave off strong buy signals. Conversely, DOGE faced difficulty in testing its […] The global crypto market cap was $1.43 Trillion which marked a 3.2% increase over the last day. The market capitalization of alts...
Published: Sat, 24 Jul 2021 1:00 pm GMT

Polygon will move ahead of Ethereum in this sector if..

Just before the crash in May, MATIC surged by almost 500% before collapsing during the drawdown. Now, over the past 6 weeks, most analysts and investors have become more attentive towards the alt’s price action. On the contrary, fewer people have a clearer understanding of how Polygon, the project, is shaping up to be. Is […] Polygon is raising a $100 million fund to support blockchain game developers and NFT creators on its platform. The project has already...
Published: Sat, 24 Jul 2021 12:30 pm GMT

What contributed to this altcoin 'outperforming' Cardano, Dogecoin, and Binance Coin

The crypto-market is like the wild west. Nothing is certain and sometimes, even unknown currencies are capable of massive gains, making the top ones seem less significant. One such recent success story is that of Axie Infinity’s native token – AXS – after it more than doubled in just three days.  The AXS/USD exchange rate […] The AXS/USD exchange rate touched a record value of $32.69 on 23 July, up 31.28% intraday and up 131% up from its 20 July low of $14...
Published: Sat, 24 Jul 2021 11:30 am GMT

Did Uniswap just yield to the 'evolving regulatory landscape'

Regulatory scrutiny is raining hard on DeFi as lawmakers slowly come to terms with the evolving space and its challenges. Uniswap Labs is the latest to bow to such scrutiny, with the project restricting access to hundreds of tokens on the Uniswap protocol interface. In an announcement made on Friday, the software development firm cited […] After evading oversight for years, many DeFi startups, including Uniswap, also attended a virtual meeting with global financial regulators...
Published: Sat, 24 Jul 2021 10:30 am GMT

Should you own (maybe just a little) Bitcoin? - Yahoo Finance

Is crypto the (new) trade of our lifetime? Heretofore each downturn has been followed by the price of the coin recovering and then going on to greatly exceed its previous high. Doesnt that scream long term buy and hold?
Published: Sat, 24 Jul 2021 9:45 am GMT

Bitcoin and Ethereum: How to 'play it safe?'

Claims that Bitcoin has formally entered a bear market have been frequent. This is an opinion shared by many on Crypto-Twitter, with social sentiments hitting a new low too. Now, although the “death” of Bitcoin’s market has been declared multiple times, 425 times to be exact, is that really the case? On a recent podcast, […] Bitcoin was valued at $9,536 exactly a year back on 24 July 2020. At the time of writing, however, BTC was trading at $32,547. That is a....
Published: Sat, 24 Jul 2021 8:30 am GMT

Does this explain this analyst's decision to not add to existing ETH position

Speaking at a recent event, Tesla CEO Elon Musk confirmed that he had ETH, BTC, and DOGE. Needless to say, as of 23 July, most major cryptocurrencies were trading in the green, with ETH finally crossing the $2k mark again. At the time of writing, ETH was valued at $2,055 on the back of a […] Now, Ethereum has always had its fans. The latest spurt in the altcoin's price triggered a new wave of proponents who once again reiterated..
Published: Sat, 24 Jul 2021 3:30 am GMT

Here's what can trigger a MATIC rally

MATIC’s price movement over the last two months has been nothing short of a nightmare. The alt rallied by almost 500% in just one month, touching an all-time high of $2.57. However, glory is often short-lived and MATIC’s glory days soon came to an end as the coin saw sustained losses after losses followed by […] MATIC's price movement over the last two months has been nothing short of a nightmare. The alt rallied by almost 500% in just one...
Published: Sat, 24 Jul 2021 1:30 am GMT

What are the chances of XRP seeing an upside of 11%

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice At the time of writing, recovery had set in across the cryptocurrency market, with XRP already bouncing from the lows of $0.5156 to $0.5946. This was a rally worth 15.60%, with XRP likely to […] At the time of writing, recovery had set in across the cryptocurrency market, with XRP already bouncing from the lows of $0.5156 to...
Published: Fri, 23 Jul 2021 11:30 pm GMT

A DeFi-Ethereum season is unlikely to happen unless...

The beginning of the 3rd quarter hasn’t been smooth sailing for the crypto-industry. With Bitcoin dropping below $30,000 and Ethereum briefly touching $1700 again, despite recent recoveries, bearish pressure has continued to creep up. Now, when we begin to incorporate all the bullish and bearish indicators, we have to understand that multiple factors currently cater […] According to Glassnode, the implementation and recognition received by DeFi assets during a point of market distress are a sign of...
Published: Fri, 23 Jul 2021 10:30 pm GMT

To book profits, here's what traders can do with their Ethereumholdings

Just like Bitcoin, Ethereum too has had a pretty action-packed week. The market’s largest alt was trading just above $2,000 at press time. In fact, both its daily and weekly returns were finally in green too. While the former noted an uptick of 4.4%, the latter gained by 7.73% on the charts. However, in the […] Just like Bitcoin, Ethereum too has had a pretty action-packed week. The market's largest alt was trading just above $2,000 at press time...
Published: Fri, 23 Jul 2021 9:30 pm GMT

Monero transactions per block nearly double, but why

Over the last 24 hours, the cryptocurrency market once again rallied to the tunes of Bitcoin’s recovery on the charts. However, on the contrary, Monero‘s [XMR] market seemed to be highlighting an unusual spike in its fundamentals, independent of whatever Bitcoin has been doing. Monero daily transactions per block have reported a massive spike over […] Monero daily transactions per block have reported a massive spike over the past couple of days. As per data provided by Monero Blocks XMR..
Published: Fri, 23 Jul 2021 8:30 pm GMT

Market Wrap: Bitcoin Analysts Expect a Short-Squeeze - CoinDesk - CoinDesk

Bitcoin (BTC) sellers are expected to cover positions, which could lead to higher prices above $30K next week, according to analysts.
Published: Fri, 23 Jul 2021 8:20 pm GMT

Assessing whether Bitcoin's energy consumption makes sense

After Tesla’s initial Bitcoin investment and payment support for Tesla purchases on 8 February 2021, many critics followed up on the company’s position by alleging that the car-maker is supporting an asset that is presumably heavily reliant on fossil fuels. Ergo, it wasn’t long before Tesla dropped BTC as a payment method for its vehicles. […] After Tesla's initial Bitcoin investment and payment support for Tesla purchases on 8 February 2021, many critics followed up on the...
Published: Fri, 23 Jul 2021 7:30 pm GMT

Bitcoin: The great wealth transfer might be coming sooner than expected

The latest Bitcoin bull run pushed crypto to the fringes of mainstream investing, at the very least. The exponential price surge, coupled with mounting institutional interest, was reflective of the general perception that digital assets are a valuable addition to investment portfolios. Moreover, it is not just big-ticket investors but even comparatively smaller portfolio holders […] A new study by Washington-based analytics firm Gallup revealed that Bitcoin investments by American adults having more than $10,000 in...
Published: Fri, 23 Jul 2021 5:30 pm GMT

Actor Adrian Grenier explains why bitcoin is central to his plan to build a communal farm in Texas - CNBC

Adrian Grenier of HBO's "Entourage" believes that fiat currencies like the U.S. dollar are on the way out, and bitcoin is poised to take their spot.
Published: Fri, 23 Jul 2021 4:54 pm GMT
source: www.cnbc.com

Here's what traders might be missing about XRP's price action

XRP’s rise and fall over the past few months, in particular, has been pretty compulsive. When Bitcoin crossed its ATH in mid-April, XRP went on to cling to its 3-year ATH ($1.7 range). Since then, the alt’s correlation with BTC has only intensified. As a matter of fact, XRP’s correlation with Bitcoin oscillated in the […] XRP's rise and fall over the past few months, in particular, has been pretty compulsive. When Bitcoin crossed its ATH in mid-April, XRP...
Published: Fri, 23 Jul 2021 4:30 pm GMT

Twitter's plan to integrate 'global native currency' Bitcoin has the following steps

Bitcoin has long dominated the cryptocurrency space, but recently, Ethereum (ETH) has emerged as more than just a clear number two. In 2021, ETH has made gains on Bitcoin in terms of market cap and investors are taking note. It is not only that but also what it offers in terms of use cases. It […] Twitter CEO Jack Dorsey today came out and laid out his vision to integrate Bitcoin into services like commerce, subscriptions, and...
Published: Fri, 23 Jul 2021 3:30 pm GMT

What Is Bitcoin Freedom? | Burak Tama - CoinDesk - CoinDesk

Bitcoin is not just for libertarians or rightists. It's a system firmly rooted in the republican notion of non-dominance.
Published: Fri, 23 Jul 2021 2:31 pm GMT

History suggests Cardano's price action is set to do this before Alonzo

Cardano (ADA) was one of the few cryptocurrencies that wasn’t strongly affected by the early June price dips. In spite of the massive fall in Bitcoin’s price, ADA strongly held the $1.45 and $1.3 support levels as it instead chose to move sideways on the charts. Alas, the fifth-ranked alt couldn’t hold itself together when […] While Cardano noted a swift recovery at one point and hiked by 13% in just two days, the alt’s fall to $1 levels was a sign that there...
Published: Fri, 23 Jul 2021 2:30 pm GMT