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 $13.60. LINK is clearly in a price discovery phase, with no historical resistances to suppress its price action. […]

Here’s Why Analysts Expect Bitcoin to Plunge Towards $10,300 Next

Bitcoin has been consolidating within the upper-$11,000 region for the past several days. Its ongoing bout of sideways trading first came about last weekend when it faced a firm rejection at $12,000. The selling pressure here has proven to be insurmountable ever since, and traders are now shifting their focus towards smaller altcoins – which […]

How 51% Attacks Crippled This Ethereum Crypto Offshoot

This past week Ethereum Classic suffered not one, but two 51% attacks. The culprits were able to make off with millions as a result. While this doesn’t directly cause the underlying network to slow, due to the attacks this cryptocurrency’s confirmation times have increased drastically. Exactly how bad have these attacks hurt ETC? Crypto As […]

Chainlink Prints Striking Bearish Reversal Signal After Surging to $11

While Bitcoin and Ethereum have stagnated over recent days, Chainlink (LINK) has seen a strong uptrend. As reported by NewsBTC previously, the asset set multiple milestones over the past week, pushing past $9, then $10. Just minutes ago as of the time of this article’s writing, the altcoin cracked the $11 resistance level. Chainlink now […]

OKEx Enters India with Peer-to-Peer Crypto Trading Platform

The global crypto exchange and trading platform, OKEx has launched a P2P crypto trading platform in the world’s second most populous country with huge untapped market potential. Targeting the crypto community in India, the new platform allows users to purchase cryptocurrencies with INR at zero transaction fees. Initially, the OKEx P2P trading platform offers Bitcoin […]

Oracle Tokens Continue Rallying Even as Bitcoin Uptrend Pauses

Oracle tokens LINK and BAND continues heading higher despite a bearish correction phase in the rest of the crypto market. The rallies show traders’ growing speculation of the DeFi cryptocurrencies. On a day when the cryptocurrency market is correcting lower, two Oracle tokens have moved in the opposite direction. Decentralized Finance’s top assets–Chainlink’s LINK and […]

Ethereum DeFi’s Poster Child Compound Surges 15%: What’s Next For COMP?

Bitcoin and Ethereum are pulling back, but Compound (COMP) is surging higher. The native governance token of the flagship of the decentralized finance space, COMP has gained 15% in the past 24 hours as per Coin Market Cap. This comes after the altcoin was embroiled in a multi-week bear market after an initial surge in […]

Why Did Bitcoin Skyrocket When the US Dollar Declined?

The U.S. dollar drop and the Bitcoin surge happened at the same time. Why? Before we reveal the answer, let’s explore the multiple factors in the background starting with the continued downward adjustment of interest rates on U.S. Treasury bonds and quantitative easing policies. These policies have caused a lot of U.S. dollars to be […]

How U.S. Restrictions on Wechat & Other Chinese Brands Could Boost Crypto

The ongoing tensions between the U.S. and China could boost crypto should certain events transpire, say certain investors. Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold BTC, ETH’s DeFi Space Still in Vogue Ongoing China-US Tensions May Be Able to Boost Crypto: Dovey Wan & Others President Trump announced that U.S. businesses can […]

Crypto Tidbits: Goldman Stablecoin, Dave Portnoy Wants Bitcoin, DeFi Boom

Another week, another round of Crypto Tidbits. It’s been a volatile week for the price of Bitcoin and other top digital assets. After our last Crypto Tidbits, the price of the leading cryptocurrency rallied as high as $12,200, then plunged around $1,700 in the span of five minutes in the worst crash since March 13th. Ethereum […]

Bitcoin’s Rocketing Network Activity Suggests BTC Remains Highly Undervalued

Bitcoin’s on-chain activity has been on the rise throughout the past few months, marking a massive surge from where it was this time last year. This is a sign of intense fundamental strength, as it shows that more entities and individuals are interacting with the BTC network at a greater rate than seen during last […]

Binance Inches Closer To Overtaking BitMEX In Bitcoin Trading Liquidity

Binance, BitMEX, and Coinbase are just a small sample of the major players in the Bitcoin market all fighting for a piece of the pie. BitMEX has long enjoyed dominance over the rest of the market, but new data shows that Binance is striking distance from overtaking BitMEX and becoming the top liquidity provider for […]

XRP Breaking Past This Crucial Resistance Could Trigger 45% Rally: Trader

XRP has gained approximately 50% in the past two weeks, following Ethereum on its steep rally higher. Analysts think the altcoin is poised to move higher should it break a critical resistance. Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can Hold BTC, ETH’s DeFi Space Still in Vogue XRP Breaking This Pivotal Rally Could […]

Chainlink Pushes Past $10 as Analysts Eye a Rally to $12.50

Chainlink has continued seeing incredibly strong price action despite some tempered signs of weakness within the aggregated crypto market. The strong token is now breaching into the double-digit price region for the first time in its history, with this marking a massive rise from its multi-week lows of $7.40 that were set in late-August. Analysts […]

US Dollar Could See Bearish Reversal: Is A Bitcoin Reckoning Coming?

The dollar has been in sharp decline. Analysts are calling for the global reserve to lose its crown to the likes of Bitcoin or the yuan. Sentiment has reached substantial lows. However, when dollar sentiment fell this low in the past, it often triggered a strong reversal in the currency. Such a reversal, if it […]

XRP May Explode Higher After “Destroying” a Macro Downtrend Line

XRP is currently hovering around the key $0.30 region as its buyers attempt to stop it from breaking below this crucial support level. This slight decline comes as the aggregated crypto market begins facing heightened selling pressure, although it has not been enough to invalidate the market’s macro strength. Analysts are now noting that XRP […]

Hong Kong Wealthy Move Gold Offshore: Why Bitcoin Is Better

Precious metal dealers in the political and protest torn Hong Kong claim that the wealthy are moving gold offshore following a new security law passed by Beijing in July. Investors fearing that their wealth is at risk and must be stored out of arm’s reach is a sign that the wealthy are ready for the […]

This Smart Money Indicator Uncovers Early Signs Of An Ethereum Reversal

Ethereum has been leading the cryptocurrency market higher, helping to push Bitcoin through $10,000 and restart the overall market bull run. But before new highs are set, the smart money indicator is hinting that a strong reversal is coming, and already may be underway. Ethereum Carries Crypto Market Higher, Helps Bitcoin Push Through Critical Resistance […]

Will a Massive Bitcoin Accumulation Trend be Enough to Propel It Further?

Bitcoin is currently in the throes of a boring consolidation phase within the upper-$11,000 region. This comes as the cryptocurrency struggles to surmount the resistance that sits at $12,000. It is important to note that the growth its price has seen in recent times appears to be far more organic than those seen in previous […]

Analyst Expects Pain for Litecoin as It Paints “Bearish Engulfing Candle”

Litecoin (LTC) has surged 42 percent in a three-week winning streak. But the rally showed signs of exhaustion upon testing a “huge falling resistance” for a breakout. LTC printed a so-called “bearish engulfing candle,” which, according to financial analyst Vince Prince, spells downside risks for the cryptocurrency. Litecoin is at risk of breaking lower after […]

IOHK Gives Date For Payout of Delayed Cardano Incentivized Testnet Rewards

Participants of the Cardano Incentivized Testnet (ITN) were expecting to receive reward payouts on August 3. A Shelley rollout plan had scheduled the payout days after the Shelley hard fork, on July 29th. While the Shelley mainnet launched without a fuss, the ITN rewards date came and went with no sign of a payout. Source: […]

LEND Rallies Another 20%; Here’s Why It Could Hit a Record High

LEND price surged another 20 percent on a 24-hour adjusted timeframe. The extended upside move brought the DeFi token closer to its all-time high of $0.485. Jeff Dorman, the chief investment officer at Arca, credited the LEND economic model behind its 2,000 percent rally this year. The price of LEND jumped another 20 percent in […]

Why Analysts Are Expecting XRP To Surge Higher in the Days Ahead

XRP has been one of the best performing cryptocurrencies of the past two weeks. According to market data from Coin Market Cap, the altcoin has gained literally 50% in that time frame. Analysts still expect the altcoin to move higher in the days and weeks ahead. Related Reading: Crypto Tidbits: Ethereum Surges 20%, US Banks Can […]

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. […]

Goldman’s Digital Assets Chief: Interest in Crypto Is Seeing a Resurgence

The crypto market is one of the best-performing markets in 2020. Year to date, the market capitalization of all digital assets is up by approximately 80%. Bitcoin alone is up 65%. According to Goldman Sachs’ new head of digital assets, Mathew McDermott, the rally is materializing in a resurgence in institutional interest in crypto. He […]

Small Investors are Flooding into Bitcoin as Whales Start Losing Market Dominance

The composition of Bitcoin’s investor base is rapidly shifting, with smaller investors garnering greater dominance over the total circulating BTC supply. This comes as the dominance of so-called crypto whales sees a sharp decline, signaling that the market is currently seeing inflows of smaller retail investors. This shift comes as more investors start turning to […]

Ethereum Beats Bitcoin, Gold, and Stocks In Stimulus Check Investment

Stimulus money pouring into assets like stocks, gold, and cryptocurrencies are having a dramatic impact on valuations. But as well as Bitcoin and precious metals are performing, it is Ethereum that has brought the largest return on investment since stimulus checks were issued. Exactly how much would $1,200 invested in Ethereum have earned savvy investors, […]

Chainlink (LINK) Just Surged Past $10: Here’s What Analysts Are Saying

Chainlink (LINK) has been in a strong uptrend once again after a drop into the end of July. Just minutes ago, the asset crossed over the pivotal $10 resistance level for the first time in its history. This comes as Bitcoin and Ethereum have stagnated at their multi-day highs, retracing slightly. As of the time […]

Ethereum DeFi’s Balancer (BAL) Surges 25%: Why the Altcoin Is Up So Much

While Bitcoin and Ethereum have stagnated over recent days, multiple altcoins are pressing higher and higher. Zcash, for instance, has gained dozens of percent in the past week alone as its technical and fundamental case strengthens. The coin of the day, though, seems to be Balancer (BAL). The Ethereum-based altcoin, which is a governance token […]

Analyst: XRP May Crater to $0.21 Before Strong Uptrend Can Extend

XRP has found itself caught within a consolidation phase throughout the past few days as it trades just above $0.30. The cryptocurrency has been unable to surmount the heavy resistance it faces between $0.31 and $0.32, and it appears to be once again forming a strong correlation to Bitcoin and the aggregated cryptocurrency market. That […]