The marketwide sell-off on May 19 triggered a 55% decline in the price of Bitcoin (BTC), and altcoins were hit even harder, with some tokens seeing declines of up to 90%. One project whose native token price appears to have bottomed out after an 87% decline from its all-time high is Verasity, an e-sports-focused blockchain protocol focused on increasing engagement and advertising revenues for video publishers. Data from Cointelegraph Markets Pro and TradingView shows that after declining from a high at $0.0558 on April 17 to a low of $0.0073 on July 20, the price of Verasity's VRA token has …

The cryptocurrency market once again entered a period of uncertainty on Aug. 18 as the price of Bitcoin (BTC) struggled to find momentum below $46,000 and large-cap altcoins pulled back slightly. Several projects did manage to buck the trend and post double-digit gains thanks to cross-chain integrations and protocol upgrades that excited their respective communities and provided traders with lower-fee Ethereum network alternatives. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Quant (QNT), Arweave (AR) and Avalanche (AVAX). AR continues its hot streak Arweave's AR token has been one of the …

In financial markets, the uneven distribution of information comes hand in hand with the uneven distribution of economic power. The cryptocurrency market is no exception, and oftentimes, those with insider knowledge or access to industry-grade data intelligence tools can put their digital assets to work in ways the everyday retail investor can’t. Still, regular traders can profitably leverage publicly available, market-moving news if they are lucky enough to get to it before the rest of the pack. Research suggests that certain types of news announcements — such as those related to staking, listings and partnerships — have the greatest potential …

Tether Holdings Ltd, the issuer of the largest stablecoin, Tether (USDT), reported that its total market capitalization had crossed $64 billion for the first time in history. The company called the event a “milestone,” adding that it is another indication of the cryptocurrency market’s “continued trust and confidence” in its stablecoin. Tether’s $USDt market cap hits $64B! A new milestone reached and another indication of the market’s continued trust and confidence in #Tether ! pic.twitter.com/t85i6e6UQt — Tether (@Tether_to) August 16, 2021 In detail, Tether’s business model revolves around providing digitized dollars to cryptocurrency traders and investors. In doing so, the …

Ethereum‘s native token, Ether (ETH), may beat Bitcoin (BTC) to new all-time highs, fresh analysis reveals. In a tweet on Wednesday, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted a “sell-side liquidity crisis” that could yet give ETH the edge over BTC. Ether liquidity shortfall “intensifying” With Bitcoin up over 50% versus its lows of $29,000, altcoins have also begun to reawaken, with Ether as no exception. The largest altcoin has recaptured $3,000, a level that, this week, is now in the process of being retested as support. Despite attention focusing on Bitcoin reclaiming $50,000, optimism over Ether …

Bitcoin (BTC) fell to test $44,000 on Wednesday, with traders still bullish on new all-time highs. Eyes on $42,000 for higher low Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $44,215 on Bitstamp overnight. A continuation of consolidation seen on Tuesday, the latest dip marks a $3,800 comedown after Bitcoin saw rejection at $48,000 several days ago. This was expected — seller pressure from that level and upward remains significant, with bulls so far lacking the momentum to absorb their positions. For popular trader Pentoshi, however, this was just a temporary feature. Bitcoin, he argued …

A bull trend is formed when demand exceeds supply, and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes, this leads to the formation of a rectangle pattern, which can also be described as a consolidation or a congestion zone. Bearish and bullish rectangles are generally considered to be a continuation pattern, but on many occasions, they act as a reversal pattern that signals the completion of a major top or bottom. Before diving in to learn more about the …

Bitcoin’s (BTC) 65% recovery from sub-$29,500 on July 20 to a swing high of $48,200 on Aug. 14 took less than a month and helped bring fresh bullish momentum back to the crypto market and to traders who were dreading the prospect of another prolonged bear market. Currently, the BTC rally has stalled out near the $46,000 price level, and this phase of sideways trading is giving altcoins an opportunity to step forward. As shown in the chart below, the total market capitalization of the altcoin market has risen 80% since July 20. Meanwhile, the Bitcoin dominance rate is down …

The cryptocurrency market found itself in a holding pattern on Aug. 17 as the price of Bitcoin (BTC) lingered below $46,000 and bulls regrouped to plan their next attempt to push the price higher. Despite the struggles faced by many of the top cryptocurrencies, several altcoins were buoyed by positive developments, and Cointelegraph Markets Pro's top market gainers index shows many producing double-digit gains. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Audius (AUDIO), Raydium (RAY) and Helium (HNT). Audius partners with TikTok The top-performing coin over the past 24 …

Solana (SOL), the in-house token of decentralized computing platform Solana, continued major gains on Tuesday to become a top 10 cryptocurrency. SOL becomes top-10 market cap crypto Data from Cointelegraph Markets Pro and TradingView showed SOL/USD gain another 15% on Tuesday, briefly passing $72. Against weekly returns of nearly 70%, attention from traders was firmly focused on SOL, which on the day had delivered the third-best weekly performance of any crypto token. SOL also entered the top 10 cryptocurrencies by market cap, surpassing Uniswap (UNI). “Solana has rallied +60% since confirming a breakout past the downtrend, rallying to new All …

The latest central bank digital currency (CBDC) initiative from the Bank of Ghana (BoG) has been met with skepticism as Afroblocks, an in-house independent association, speculates the lack of clarity on the central bank’s intentions. Afroblocks (previously Blockchain Society Ghana) has warned the BoG to steer away from “old traditional siloed financial thinking” while planning and developing its digital currency. Rather, Afroblocks co-founder Omar Majdoub said that the success of a CBDC in Ghana will be in its ability to emulate modern-day cryptocurrencies — i.e., being borderless and decentralized. The BoG has partnered with German securities printing firm Giesecke+Devrient (G+D) …

Bitcoin (BTC) touched $47,000 on Tuesday as ranging behavior continued to hint at an attack on major resistance. Volatility narrows for Bitcoin Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to exit the $46,000 range on Tuesday after heading lower as the week began. The area between $45,000 and $48,000 has acted as a narrow trading corridor for Bitcoin as it attempts to knock down its last hurdle before $50,000. So far, however, bulls have lacked the momentum to effect major change. For Cointelegraph contributor Michaël van de Poppe, $48,000 was the level to watch on the day, …