Ripple’s XRP, Cardano, And Algo Labeled As ‘Zombie’ Tokens — Bad Omen For Their Future?

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Is the DeFi Craze Killing Tezos? XTZ’s Main Selling Point “Staking” Is Losing Appeal

The 13th largest cryptocurrency by market cap of $2. 8 billion jumped to its all-time high at $4. 5 just last week. But this week, bitcoin’s fall had Tezos (XTZ) dropping nearly 25% to now trade at $3.

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YFI Passes Bitcoin as the Most Expensive Crypto Asset

Yearn. Finance’s native governance token, YFI, became the first altcoin to overtake the bitcoin price, after closing in on it for days. Riding the waves of a surging DeFi market, YFI hit prices as high as $14,878 in the last 24 hours, according to CoinGecko data.

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Another March-Like Deep Crash in Bitcoin Price ‘Unlikely’ with Selling Pressure Declining

Since hitting a new 2020 high, last seen 13-months back in early July 2019, Bitcoin is back to ranging, currently around $11,700 in line with declining volume. Bitcoin’s failure to sustain above $12,000 level and the latest round of losses has the market worrying about a repeat of the March sell-off that saw the largest […]

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Tezos Price Analysis - A bullish but comparatively sluggish market

The XTZ/USD market saw a 75% drawdown from the all-time high in March, which mirrored the wider crypto markets. Thus far, the upside recovery has been relatively sluggish compared to other high cap coins, despite the nearly 200% bounce from the bottom.

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Bitcoin Short Positions Surge to 4 Month High as Bears Grow Aggressive

Bitcoin and the entire crypto market – with a few exceptions – is flashing signs of weakness at the present moment This has come as a result of the sharp decline seen last night, which sent BTC reeling below its key $12,000 support The benchmark crypto is now consolidating between $11,600 and $12,000 This is the same trading range that it was trading in before its recent break above $12,000 Analysts do believe that the […]

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Bitcoin’s Market Cap Is Now Greater Than That Of Bank Of America Following Latest Rally

Bitcoin has been steadily climbing. On Monday, the flagship crypto surged to a new 2020 high just above $12,400. This recent bitcoin bull rally is perhaps highlighted by the fact that the dominant’s market capitalization is now well above that of Bank of America.

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Yearn.Finance’s YFI to Hit Bitcoin All Time High before BTC? Evidently!

The meme coin YFI is enjoying an uptrend like no other. The crypto market is ripe with gains with coins hitting new highs left and right. But this “Wifey” is the talk of the town. Started as an experiment with a zero supply, this token had no financial value, but it has been this uniqueness […]

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Ethereum, Dash, Algorand Price Analysis: 18 August

Market Volatility is at a new high for all digital assets. For the altcoins, the market has been rather turbulent as a correlation with Bitcoin maintains minimal levels. Over the past 24-hours, while The post Ethereum, Dash, Algorand Price Analysis: 18 August appeared first on AMBCrypto.

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Institutional Interest Picking Up for This DeFi Token which is on a ‘Tear’ This Year

The biggest gainer of 2020 Aave (LEND) has hit a new all-time high today at $0. 58. The 27th largest cryptocurrency by market cap of $736 million that has recorded 6,380% returns YTD is in the double-digits green today.

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12,500 Traders Sign up for Bybit’s $1.2M WSOT Competition

All metrics suggest that crypto has entered a new bull market. Over $6 million a day is being spent on Ethereum in fees, active wallet addresses are at an all-time high, and interest in bitcoin trading has soared.

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Bitcoin’s hashrate hits new high as market dominance falls

Bitcoin’s hashrate has spiked to 129 EH/s, the highest level it has ever been,... The post Bitcoin’s hashrate hits new high as market dominance falls appeared first on Coin Journal.

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Chainlink attempts to sustain the key resistance after failing twice

Chainlink has been a significant performer since the beginning of July. The native token of Decentralised Oracle Network Chainlink (Link/USD), set a new all-time high (ATH) in terms of market capitalisation.

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Options Data Suggest the Bitcoin Market is Anticipating a Spike in Volatility

Options and futures open interest remain high, indicating that the market is anticipating a volatile phase for Bitcoin.

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Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See ‘Rough Waters’

Digital currency markets have increased significantly in value during the last 24 hours as the market capitalization of all 5,700+ coins is up over 2. 4% on Friday. Bitcoin has been inching toward the $12k region again and ethereum touched a high over $442 a coin during the afternoon trading sessions.

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Ethereum open contracts remain high - Trouble ahead?

Ethereum has been indicating strong signs of bullish momentum in the cryptocurrency market. The second-largest digital asset has been on an upwards journey since mid-July and witnessed another boost iThe post Ethereum open contracts remain high - Trouble ahead? appeared first on AMBCrypto.

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Ethereum renews two-year high

ETH jumped in price by 10% within the last 24 hours, exceeding $400 per coin. The cryptocurrency is growing steadily over the past month amid upcoming updates and the explosive growth of the DeFi market.

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Bitcoin Working on Being a Reserve Asset while S&P 500, Yield, & Inflation Takes the Wheel

The equities market is yet again just inches away from its all-time high. Yesterday, the ATH from February was briefly broken only for the S&P 500 to retrace a bit, currently sitting at 3,382. Another small leg higher today, and it will breach the new ATH at 3,387.89. It only took 175 days for the […]

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Chainlink long-term Price Analysis: 13 August

Although the journey for many altcoins in the market has been rough and volatile lately, Chainlink has continued to register high returns across the market. Given its weak correlation with the world'sThe post Chainlink long-term Price Analysis: 13 August appeared first on AMBCrypto.

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Ripple Moves from ‘Writing Cheques to Writing Code’ While Still Finding Use Cases for its Tech

Despite soaring 50% at the end of July, the price of XRP continues to trade under $0.30 and down 93% from its all-time high. This has been despite Ripple unveiling that it is buying XRP in the secondary market at market prices and may further continue to do so in the future, trying to quell […]

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DeFi Token COMP Falls 25% From Its YTD Top; Rebound Ahead?

A mad overnight rally in the Compound (COMP) market resulted in a vast correction this Thursday. The popular decentralized finance token plunged by more than 25 percent from its year-to-date high at $268.

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Ethereum Transaction Fees Are Going Parabolic as DeFi Continues Ascent

Ethereum transaction fees have continued to surge as decentralized finance (DeFi) has continued its ascent to the crypto mainstream. Fees are getting so high that there are many starting to assert that solutions are necessary, lest Ethereum loses market share to other smart contract blockchains by crowding out a retail audience. Related Reading: “Rich Dad Poor […]

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Uniswap Fees Skyrocket to Over 200 Gwei

The popular decentralized exchange Uniswap is starting to become unusable due to high transaction fees. The fees are rising with the popularity of DeFi pools and yield farming. Ethereum typically struggles with high gas prices during a bull market.

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Chainlink Jumps 9% on the Day Crypto Market Loses $8bn; Here’s Why

Chainlink (Ticker: LINK) rebounded from its short-term corrective downtrend on Wednesday as its price surged 9 percent on a 24-hour timeframe. The LINKUSD exchange rate established an intraday high near $14.

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The Crypto Market Is Looking Like Q4 2016 All Over Again As “Early Main Bull Phase” Starts: Analyst

Despite an unprecedented global pandemic that has wreaked havoc on major economies of the world, the cryptocurrency markets have been heating up in recent months. According to widely-followed analyst Willy Woo, bitcoin is currently mirroring its performance in the fourth quarter of 2016 just before it raced to its current all-time high of $20,000. Woo […]

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Bitcoin Gains has 93.4% Addresses in Profit & Mining is Becoming Profitable Again

Volatility is back in the market as bitcoin price continues to struggle to attain the $12,000 level. Much like last weekend, this week started on a positive note with the digital asset surging past $12k only to fall $500 immediately after, only to start testing that high again.

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Market Wrap: Bitcoin Tests $12K; DeFi Debt Outstanding Hits Record

Bitcoin’s back on the price roller coaster and DeFi borrowing is hitting a new high.

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Bitcoin Fear and Greed Index Approaches Extreme Greed Reading

Bitcoin is on the verge of breaking another yearly high around $12,000. However, can it sustain this momentum? Well, one novel index shows that bitcoin traders are becoming extremely greedy. The Crypto Fear & Greed Index tracks market sentiment for Bitcoin and other major cryptocurrencies.

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Bitcoin Locked on Ethereum Explodes Higher while Lightning Network Value Unmoved

The number of Bitcoin locked on Ethereum continues to grow at a fast pace. A total of 18,221 BTC are now locked in WBTC, which has its market cap reaching a new all-time high as well, in the north of $200 million.

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More People Trading LINK than Bitcoin as Explosive Gains Puts Every Single Holder in Profit

Yesterday, a new all-time high was achieved by LINK at $14. 40 after gaining 52% over a period of three days. These gains helped push LINK to a higher position in the crypto market — it is the 6th largest cryptocurrency, replacing Cardano (ADA), with a market cap of $4.

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DeFi’s Explosive Growth Curve Hits Nearly $12B Market Cap, As Yield Farming Frenzy Continues

The decentralized finance (DeFi) ecosystem is blooming as both the total market capitalization and total value locked (TVL) on these platforms, set record highs over the weekend. The market cap of DeFi-based tokens is nearing an impressive $12 billion mark after an explosive 62% weekly increase in Chainlink (LINK) price, which set an all-time high […]

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Chainlink (LINK) Erupts to $13 as Buyers Continue to Rush In

Chainlink (LINK) has continued to surge higher since NewsBTC’s last market update. Just minutes ago, as per data from TradingView, the cost of the popular altcoin crossed above $13 just minutes ago, reaching a local high of $13.

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Bitcoin Gains Independence From the Traditional Markets to Move in Line with Gold

Ever since last month, the one-month correlation between Bitcoin and S&P 500 has been on a constant decline, going from an all-time high of 78.8% on July 8th to now just at 26%. While the equities market is continuing on its upwards trend with a few retracements along the way, after trading sideways for close […]

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The Mounting Evidence of a New Bitcoin Bull Market

From positive price indicators to a new all time high in smallholder addresses, this is the evidence a new bull run might be starting.

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Cosmos, Dogecoin, Ethereum Price Analysis: 08 August

Owing to its overwhelming market dominance and the fact that it shares a high correlation with the industry's altcoins, Bitcoin and its price movement have always had a major impact on the fortunes ofThe post Cosmos, Dogecoin, Ethereum Price Analysis: 08 August appeared first on AMBCrypto.

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Bitcoin's high value still '5-10x' away from previous tops

The cryptocurrency market has been waiting for a rally since the beginning of the year. However, while the bulls were all set to push the market north, events such as the COVID-19 pandemic intervened The post Bitcoin's high value still '5-10x' away from previous tops appeared first on AMBCrypto.

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Bitcoin-Gold high correlation does not indicate parallel market

Discussions involving Gold and Bitcoin in the same sentence are never far from making the headlines. Both the non-yielding assets have made significant strides in 2020 as the traditional stock markThe post Bitcoin-Gold high correlation does not indicate parallel market appeared first on AMBCrypto.

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Market Wrap: Bitcoin Dips to $11.5K; Cardano Is Making a Big DeFi Move

After testing a $11,900 high bitcoin takes a dip while a DeFi competitor to Ethereum checks off a roadmap box.

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Bitcoin Dollar Cost Averaging From 2017 Market Peak Still Returned 61.8%

Bitcoin price remains strong, not far from hitting $12,000 yet again after the touch and go over the weekend. Interestingly, despite the fact that the leading cryptocurrency is still trading 30% below its all-time high of $20,000, the dollar cost averaging from the peak of the market in December 2017 would have meant a return […]

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BTC Averages Over 1 Million Active Addresses as ETH Transaction Fees Hit $2M Daily

Bitcoin averaged over a million daily active addresses in the past week for the first time since January 2018. The growing usage metrics add to evidence of a rising bull market. According to data compiled by Coin Metrics, ethereum might be on course to surpass its all-time high if the bull market continues.

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This Eerie Ethereum Bear Market Fractal Is Predicting a Rally Above $1,000

Ethereum has seen an explosive price performance over the past three weeks. In the span of just around 20 days, the asset has surged from $245 to a local high of $415. As of the time of this article’s writing, the leading cryptocurrency trades hands for $394 — just shy of the pivotal $400 resistance. […]

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Why XRP’s Waning Momentum May Be The Calm Before The Storm Surge

XRP investors are eager to see their altcoin of choice get back a lot closer to all-time high valuations. The crypto market underperformer recently regained its number three rank thanks to an over 45% one-week rally.

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Silver Rallies to 7-Year High as Gold Follows Suit

Both silver and gold have been performing exceptionally well in the past few months. Although most eyes are on gold, analysts now argue that silver may surprise the market in the weeks ahead. The cryptocurrency market often correlates with precious metals.

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Gold Sails Over $2,000 While Economic Fears Persist

The price of gold finally managed to break above the precarious $2,000 level during trading Tuesday, marking a new all-time high for the precious metal. The rapid pump from the previous all-time high of $1,900 reflects the growing concerns that the market has regarding the current economic outlook.

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Chainlink Reaches New All-Time Highs, Technicals Show Impending Retracement

Chainlink continues setting new all-time highs, but different fundamental and technical metrics indicate that LINK is ready to retrace. LINK Crowd Goes Wild After All-Time High Chainlink captured the market’s...

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Chainlink Reaches New LINK Price All-Time High Eyeing $10 Next

The price of Chainlink has climbed to new heights as LINK continues to be one of the strongest cryptocurrency market performers of 2020.

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Tezos (XTZ) Long Positions Set All-Time High as 96% of Bitfinex Traders Flip Long

Tezos has seen some strong price action in recent weeks, with its price facing some choppy trading throughout the past couple of days. It appears that the cryptocurrency’s recent price action has become decorrelated from that seen by Bitcoin and the rest of the market, and is showing some striking similarities to that seen by […]

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Chainlink (LINK) Surges 12% to a Fresh All-Time High Above $9

While Bitcoin is struggling to break past the resistance at $11,400-11,500, Chainlink (LINK) is surging higher. In the past 24 hours as per data from Coin Market Cap, the popular altcoin has gained 12% against the U.

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There’s a “Real Chance” XRP Could Triple in the Long Run: Analyst

Believe it or not, XRP has been one of the best performing crypto assets of the past ten days. After a brutal bear market that brought it 97% below its $3. 50 all-time high, the asset surged past $0.

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