Opinion

Over the previous couple of years, XRP has been struggling to have a remarkable upside increase while several larger cryptocurrency assets were able to recover most of their losses. The performance of XRP is such that it is still on the downside by about 95 percent from its highs. The cryptocurrency boom observed towards the end of 2017 propelled XRP to the upside, attaining price levels as high as $3.80. However, the rally was not sustainable as it encountered a huge resistance…

The BTC price recently made a downside correction below the $10,000 level. During the decline, the price broke many supports, including the $9,500 and $9,300 levels. However, it remained well bid close to the $9,000 support zone. BTC is currently recovering steadily and trading well above the $9,300 level. There was a break above the 23.6% Fib retracement level of the recent key decline from the $10,390 high to $9,080 low. Notably, it appears there is a key contracting triangle…

Over the past 24 hours, Bitcoin incurred a high volatility such that it led to the sub-$9k area. The leading cryptocurrency incurred notable bullish pressure at this level, thereby returning to its past consolidation range in the mid-$9k area. Interestingly, a huge inflow of BTC into exchanges happened at the same time. This suggests that investors consider this latest dip basically remarkable, and these new inflows could put more pressure on the market. According to an analyst, Bitcoin supply could…

Blockchain is a horizontal innovation whose impacts are spreading like a bushfire leaving a mark wherever it touches. The technology has been around for a little over a decade, and innovators are constantly looking for ways to use it in various industries.  The blockchain industry has grown exponentially over the last few years. Today, there are more than 5500 cryptocurrencies, and the blockchain roots continue to spread.  The technology has been most disruptive in the financial, health, and supply chain…

Bitcoin has been trading tightly within a range between $9.3k and $9.5k over the previous few days, making it part of the cryptocurrency asset’s consolidation in the past two months which restricted the price action below the critical $10k barrier. Bitcoin market has been dull, such that it is about to attain a level of volatility not recorded since the beginning of 2020. Nonetheless, there is emerging proof that a breakout towards the downside is on the way. Bitcoin’s on-chain…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $267 billion. Bitcoin failed to go over the $10K level, and it ends the week trading in the red. Ethereum decreased by 2.5% over the past week but looking to surge again. XRP lost more than 4% and fell below $0.20 again Fears of a second wave of COVID-19 infections have shaken the markets…

After being dubbed as a climate warming accelerator, Bitcoin is about to change sides and fight climate change. Is it possible for an industry that spends almost 0.13% of the world’s annual power consumption only on mining Bitcoin to become eco-friendly? And, if so, how will it go about it? Today, we take a closer look at the challenges that cryptocurrency faces in its bid to become “green.” We delve into alternatives to the energy-devouring mining process and how the…

Part of the Bitcoin stolen by hackers from a hack against cryptocurrency exchange Bitfinex in 2016 has been moved. The hackers did not touch the funds worth millions of dollars for about four years. The movement of the funds was noted by Whale Alert, a Twitter bot that tracks the movement of large trades. It was carried out in twenty transactions and the value of each transaction was between 18 and 33 Bitcoin. The transaction with the lowest value was worth $184,868 while the highest was worth…

On June 10, the biggest crypto exchange in the U.S. noted its continuous efforts toward exploring the addition of new assets for customers worldwide, even as its focus is on offering support for all assets that meet its technical standards and which comply with applicable laws. According to the San Francisco-based crypto exchange, it is currently reviewing the adoption of an additional 18 tokens which includes tokens yet to be launched. The firm listed the tokens as follows: “These new assets include,…