Bitcoin’s (BTC) price appears to have faked out investors with its move to $42,000 last week, and while the digital asset struggles to hold above $38,000, altcoins with strong fundamentals and real-world applications are gaining momentum. Terra (LUNA), a blockchain protocol that backs the fiat-pegged TerraUSD (UST) stablecoin, is one such project that has managed to buck Bitcoin’s downtrend and climb higher since the start of August. Data from Cointelegraph Markets Pro and TradingView shows that the price of LUNA has rallied 162% from a low at $5.53 on July 20 to an intraday high at $14.51 on Tuesday as …

Last week's momentum in Bitcoin (BTC) has all but faded as its price is once again below the $39,000 level, with bears and bulls locked in a heated battle for market dominance. Data from Cointelegraph Markets Pro and TradingView shows that while Bitcoin price faltered, several altcoins like Voyager Token (VGX), Perpetual Protocol (PERP) and Terra (LUNA) saw double-digit gains. VGX/USD The top performer over the past 24 hours has been Voyager Token, the native asset of cryptocurrency brokerage platform Voyager, which offers retail and institutional investors a secure place to purchase, trade and lend crypto assets. VORTECS™ data from …

Bitcoin’s price has been rallying in tandem with altcoins, sending mentions of the markets flipping back to a bullish supercycle for Bitcoin (BTC). The flagship cryptocurrency went through the resistance levels of $42,000 for the first time since May 19, hitting a peak of $42,541 on July 31. Alongside the market rally, the Bitcoin dominance (BTCD) index has been seeing an uptrend as well. As per data from TradingView, BTCD hit a 3 month high of 49.2% on July 31. The last time it was at these levels was back in May when it was on the decline from the …

The digital asset exchange platform Crypto.com has now enabled withdrawals of USD Coin (USDC), meaning that users can withdraw the stablecoin and receive United States dollars at a one-to-one ratio directly to their bank account. The announcement comes just over a month after the platform launched support for USDC deposits, following a new partnership with the stablecoin’s issuer, Circle. The partnership enabled Crypto.com users to transfer fiat currency into their trading accounts to receive an equivalent amount of USDC. USDC, first released by Goldman Sachs-backed Circle in September 2018, is a popular USD-pegged stablecoin that crypto investors can use to …

Bitcoin (BTC) dropped back below $39,000 on Aug. 2, suggesting that short-term traders were booking profits after the price failed to close above $42,451.67. However, lower levels may attract the type of buying seen in late July. Data from Santiment showed that Bitcoin held on wallet addresses storing between 100 and 10,000 Bitcoin rose to a new all-time high at 9.23 million Bitcoin on Aug. 1. The previous all-time high for this group of investors was recorded on April 5, just over a week before Bitcoin hit an all-time high of $64,854 on April 14. Santiment highlighted that the “addresses …

Bitcoin’s (BTC) 43% rally from $29,482.61 on July 21 to $42,316.71 on July 30 has invigorated the bulls, who had been sitting on the sidelines. After the sharp rise, some analysts are debating whether Bitcoin could repeat its sharp bull runs of 2013 and 2017. Vailshire Capital founder and CEO Jeff Ross highlighted that Bitcoin had rallied tenfold in the second half of 2013 after facing three months of negative news. Ross said: "I still contend that 2021 will behave in similar fashion." PlanB, the creator of the stock-to-flow price model, said Bitcoin’s comeback in July was “like clockwork.” He …

A high-performance, layer-two solution based on zk-rollups is designed to bring cross-chain privacy to digital assets. The Zecrey protocol enables account balances and transaction amounts to be encrypted — delivering anonymity and hiding relationships between senders and recipients. It also means that only an owner knows how much crypto is in their wallet. Bridges to a number of blockchain platforms also ensure a number of digital assets can interact with each other, all while ensuring confidentiality isn’t compromised. This is thanks to the use of the customized Sigma protocol. All of this is achieved without foregoing speed, and the protocol …

The price of Ether (ETH) has been in a downward spiral ever since Ethereum co-founder Vitalik Buterin presented at StartmeupHK Festival 2021. In a fireside chat session on May 27, Vitalik stated that several internal team conflicts caused the proof-of-stake migration to delay its launch. As reported by Cointelegraph, "Phase One," which introduces scalability through sharding, has been postponed to 2022. Furthermore, DeFi’s inherently decentralized nature might not be entirely beneficial because the sharding-style processing would need to run transactions through a relay chain. It’s impossible to pinpoint the reason behind Ether’s sharp fall from its all-time high, but the …

Every trader aims to buy low and sell high, but only a few are able to muster the courage to go against the herd and purchase when the downtrend reverses direction. When prices are falling, the sentiment is negative and fear is at extreme levels, but it's at times like these that the inverse head and shoulders (IHS) pattern can appear. The (IHS) pattern is similar in construction to the regular H&S top pattern, but the formation is inverted. On completion, the (IHS) pattern signals an end of the downtrend and the start of a new uptrend. Inverse head and …

Ether (ETH) rallied 35% over the past 10 days and reclaimed the critical $2,300 support, but the crucial $2,450 local top hasn't been tested since June 17. Part of the recent recovery can be attributed to the London hard fork, which is expected to go live on Aug. 4. Traders and investors view the EIP-1559 launch as a bullish factor for Ether's price because it is expected to reduce gas fees. However, Ethereum miners are not thrilled with the proposal because the proof-of-work model will no longer be necessary after Ethereum 2.0 goes live. The network fees will be set …

Large price jumps and 100x gains get a lot of attention from pundits and influencers in the cryptocurrency community because they offer the hope of overnight riches. In reality, these opportunities are few and far between. Not to mention, only a handful of traders actually manage to catch these waves and cash out in time to lock in life-changing money. Fortunately, catching a large price surge is far from being the only way for crypto investors to make a buck, and the recent rise of decentralized finance (DeFi), nonfungible tokens (NFTs) and the slow march of mainstream crypto adoption provides …

Bitcoin (BTC) and most major altcoins seem to be faltering near their respective overhead resistance levels. This suggests that some investors are continuing to sell at higher levels. However, 21st Paradigm co-founder Dylan LeClair said that on-chain data shows “big transfer volumes from over-the-counter (OTC) desks over the last week.” Cointelegraph also recently highlighted a historic 57,000 BTC outflow from exchanges on July 28. Ecoinometrics also cited on-chain data to show that "whales" and “small fish'' accumulated Bitcoin when the price recovered from $29,400 to over $40,800 this week. Institutional investors are also not to be left behind in their …