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Like before, Bitcoin is currently fixed within a stint of sideways trading, striving to secure momentum while hovering at price levels around the $8,800 area. Its performance has been around the area over the previous few days, and it seems to be a crucial support level. Buyers have stood strongly to protect Bitcoin from a fall beneath this price, but analysts are currently suggesting a move that will favor the bears based on high time frame outlook. At press time, the…

Etherscan noted that trading volumes involving the most utilized stablecoin in the cryptocurrency space started a sharp rise in September 2019, attaining 188,621 daily transactions at the month’s peak, valued at about $620 million in USDT. A new record has been set as the trading that involved Ethereum-based Tether (USDT) was over $1.2 billion on May 25. This means that the aggregated number of daily transactions that involved the stablecoin on the day represents a fresh lifetime high. Etherscan noted that the…

The market crash that happened in mid-March and popularly called “Black Thursday” was serious such that it has prompted a far-reaching shift in dynamics among Bitcoin investors. The day was unforgettable for cryptocurrency investors as the market incurred a serious selloff triggered by liquidations on BitMEX platform. A remarkable change initiated by the event is the dip in Bitcoin balance on exchanges. According to data, the amount of Bitcoin removed from exchanges after the crash was more than 310,000. Perhaps…

The current crypto and blockchain funding environment consist of initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs), and private funding rounds.  In the last few years, the growing and maturing blockchain/crypto landscape have attracted private equity funds to the market. Numerous benefits provided by the emerging blockchain and crypto tech have incentivized businesses and individuals to explore and invest in it.  2017 was when cryptocurrencies, blockchain, and ICOs really began to take off, with most funding raised by blockchain companies…

Attempts to save the economy have forced the U.S. to continue with plans to print more money. However, cryptocurrency market participants believe that the plan is providing a platform for Bitcoin to go even further mainstream. The possibility of low interest rates and Quantitative Easing (QE) to create greater debt in the years ahead has been noted by many reports. In recent times, Sven Henrich of NorthmanTrader tweeted about the QE measures: “Ever since low rates and QE the entire growth curve as stalled.…

Last week, the performance of Bitcoin was close to its psychological level at $10K. However, a rumor regarding Satoshi Nakamoto selling off his Bitcoins emerged thereby bringing about its collapse to $8.7k price level. Some market participants consider this move to be a healthy correction, while a key indicator known as the Hash Ribbons Crossover has suggested more declines for the leading cryptocurrency ahead. Miners’ earnings per block have reduced by 50 percent since the successful block reward halving event…

The first block reward halving event for Bitcoin Cash (BCH) happened on April 8, 2020, reducing its network's block reward by 50 percent as of block 630,000 and BCH miners hashing away at the network will now capture only 6.25 coins per block going forward, instead of 12.5. However, BCH fundamentals are still declining over a month after the event. Yassine Elmandjra of ARK Invest tweeted about the status of BCH about 16 hours ago, noting that its fundamentals are still declining after…

Are governments keen to regulate cryptocurrencies to prevent financial fraud and protect citizens, or are they using regulation to Stifle Decentralized Finance? "What Was TON And Why It Is Over" is the title that was given to the parting statement made by Telegram's co-founder after Telegram was recently forced to abandon the TON blockchain project. After a continuous legal battle with the US Securities Exchange Commission (SEC), this ensued, which accused Telegram of conducting an illegal ICO sale and issuing…

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 $254 billion. Bitcoin lost almost 4% in a flash crash on Thursday and missed the chance to reach $10,000 Ethereum is up over 3.5% against BTC, and it hints towards $215 XRP price zig-zags across the $0.20 barrier Tether becomes the 3rd-largest trading crypto after overcoming Ripple’s XRP. Crypto Trends 18th - 24th of…