The crypto markets and the U.S. equity markets sold off on Sept. 20 on fears that the collapse of Chinese property giant Evergrande could not only hurt China but also have wider implications in other markets. When the sentiment is bearish, traders dump positions that they perceive as risky in favor of safe-haven trades. This could be one of the reasons for the sharp fall in Bitcoin (BTC) and most major altcoins on Sept. 20. Data from Bybt shows that Bitcoin held in Binance wallets has surged by 29,717 Bitcoin in the past 30 days. History suggests that an increase …

Bitcoin’s (BTC) fell below critical $44,000 support on Monday as concerns over China spilled over into crypto markets. BTC’s price sinks through support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding 2% in an hour to hit local lows of around $43,400. The pair had struggled overnight into the new week, as stocks fell in step with renewed worries over the fate of Chinese property giant Evergrande. Amid a general shift away from risk assets, there were few winners beyond the United States dollar on the day. For Bitcoin analysts, however, the drop was still not worth focusing …

Bitcoin (BTC) and most major altcoins have been consolidating in the past few days as investors await a trigger to start the next directional move. Some believe that the rising inflation in the United States could prove to be bullish for Bitcoin. In a note to clients, Anthony "Pomp" Pompliano said that the only way to protect oneself in the current environment is to invest in “equities, real estate, crypto, etc.” Bitcoin’s market dominance recovered from about 40.66% on Sept. 12 to 43.75% on Sept. 18, indicating that traders may be booking profits in altcoins and buying Bitcoin. The outcome …

Bitcoin (BTC) retested $47,000 on Sunday as the weekly close looked set to hinge on the CME futures gap. Bitcoin comes full circle after erasing gains Data from Cointelegraph Markets Pro and TradingView showed mixed signals from BTC/USD as the week drew to a close. Saturday had seen a stronger rally from the pair, which subsequently gave way to ranging behavior amid an absence of clear direction. “Happens quite often in the markets,” Cointelegraph contributor Michaël van de Poppe explained. “Slight rally on Saturday for Bitcoin, coming back down to CME close on Sunday. CME closed at $47,490 on Friday, …

The term “Ethereum killer” is beginning to pick up the pace once again in the cryptocurrency markets as the native tokens of several competing blockchain networks are posting significant gains during September. For any alternative network to be considered as a part of this category, it needs to have one essential feature that serves as the backbone of the Ethereum network: smart contracts. Keeping this in mind, the most prominent blockchain networks by market capitalization that usually come under this purview are Cardano (ADA), Solana (SOL), Binance Smart Chain (BSC), Polkadot (DOT), and Terra(LUNA). The native tokens of these networks …

Something is brewing, and those with finely tuned noses can smell it. As traders have come to expect, Bitcoin (BTC) is doing “Bitcoin things” by bouncing around between the usual “key” support and resistance levels, and to be honest, it’s all starting to feel a bit boomerish. Bitcoin’s long-awaited “moon” depended on institutional investor buy-in, breaking the previous all-time high at $19,000 and a set of other firmly held beliefs. Well, all that happened, and the run to $64,900 exceeded many investors’ wildest dreams. But despite this, the entire BTC situation just feels predictable and boring if you are of …

American CryptoFed DAO, a Wyoming-based decentralized autonomous organization, has filed two forms with the United States Securities and Exchange Commission, or SEC, to launch two variants of inter-dependent stablecoins named Locke and Ducat. According to CryptoFed’s Form 10 submission, the tokens are awaiting their registration as utility tokens hosted on the in-house CryptoFed blockchain. However, SEC’s Form 10 is used to register securities for potential trading on U.S. exchanges and thus is not intended for so-called utility listings. The form submission entitles CryptoFed to be recognized as a DAO in the U.S. after 60 days from the initial filing date …

One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to their previous glory. During the 2017–2018 bull market and initial coin offering (ICO) boom, which was driven by Ethereum network-based projects, all manner of small smart contract-oriented projects rallied thousands of percentage to unexpected highs. During this time, projects like Bitcoin Cash (BCH), Litecoin (LTC), …

Bitcoin’s (BTC) recovery is facing stiff resistance near $48,500, indicating that bears are active at higher levels. By combining the popular stock-to-flow Bitcoin price model and the illiquid supply data, analyst William Clemente projects $39,000 to act as a strong floor on any declines. On the upside, analysts remain bullish. Bloomberg Intelligence chief analyst Mike McGlone has maintained his target of $100,000 for Bitcoin. McGlone said that a number of different charts underline the bullish potential for Bitcoin. Along with Bitcoin, Ether (ETH) is also showing signs of accumulation. Crypto analytics provider IntoTheBlock said $1.2 billion worth of Ether was …

2021 has been a wild ride for the cryptocurrency market as Bitcoin shocked its naysayers by setting a new record high at $64,863, and the DeFi and NFT sector made headlines around the world. Crypto traders need to be wary of times like these because the notoriously volatile nature of the cryptocurrency market can see vast fortunes wiped out in a matter of hours or days once the trend shifts. According to Charlie Burton, veteran trader and the co-founder of Ezeetrader, this is when it is important for every trader to have a defined set of rules that they stick …

Solana (SOL) price extended its slide on Sept. 17 as a major network outage over the past week — pointing to heightened security risks — hit traders' confidence. The SOL/USD exchange rate fell up to 13.27% to its intraday low of $133.53 in a corrective trend that began after it topped out near $221.38 on Sept 9. As a result, SOL's price has crashed by almost 40% since its all-time high last week, despite more than tripling its value in the past 30 days. Outage hurts SOL price Solana backers tout its layer-1 blockchain solutions as a direct competitor to …

Online information flows have a tremendous influence on the prices of crypto assets. Just this week, investors witnessed how even fake news can sometimes make the market value of a token explode, even if for just an hour. Fortunately, the effects of legitimate news tends to last longer, but the trick for investors is to figure out which stories to look at when making trading decisions. Extensive research suggests that there are three types of news announcements that consistently affect crypto prices: exchange listings, staking program launches and new partnerships. While there hasn’t been a legitimate partnership announcement that resulted …