Category: Altcoin

Here’s why Bitcoin losing $6K in hours was good for BTC price action

Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction cancelled out previous snap gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “No free lunch” for speculators Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility. The pair had moved up sharply on the

Hong Kong firm to offer insurance for Asian cryptocurrency holdings

A major Asian insurer has ventured into Bitcoin (BTC), in an attempt to provide a model for other businesses in the field. Multi-line insurance firm OneDegree announced on Thursday that it is partnering with Hong Kong Bitcoin Exchange (HKbitEX) to provide protection for the latter’s ON1ON custody platform. OneDegree claims to be the first Asia-based

Analyst Predicts One Altcoin Will Rally Ahead of the Pack, Says Bitcoin Pullbacks Likely To Be Shallow

A closely followed crypto market trader thinks the Bitcoin (BTC) bull market remains in full swing while predicting an early altseason for one crypto asset in particular. The pseudonymous trader known as Altcoin Sherpa is bullish on the decentralized streaming platform Theta (THETA). He tells his 145,900 Twitter followers that THETA may be gearing up

Veteran Trader Peter Brandt Predicts Major Rally Incoming for Litecoin, Says He’s Long-Term Bullish on Bitcoin

Trading veteran Peter Brandt is a long-term Bitcoin (BTC) bull, but he’s expecting Litecoin (LTC) to outperform the leading crypto soon. The trader tells his 580,000 Twitter followers that Litecoin is poised for a massive run after breaking through resistance from its September peak of $239.12. “Litecoin has broken above September high on expanding volume

Here’s What Could Be Next for Litecoin, Chainlink and Two Additional Altcoins, According to Top Crypto Analyst

A closely followed trader is predicting what could be next for Chainlink, Litecoin and two more altcoins as the crypto markets turn green. The pseudonymous analyst known as Altcoin Sherpa tells his 145,000 Twitter followers that Litecoin is facing a resistance level that if broken, could lead LTC to a further 25% rally. “LTC: If

‘We’ll see about 200 chains connected through Cosmos’ IBC next year’, says Tendermint CEO Peng Zhong

Ever since the launch of the inter-blockchain communications, or IBC, protocol in March, which enabled the communication and transfer of digital assets across different blockchains, development activity seems to have picked up pace on the Cosmos (ATOM) network. Transaction volumes, the creation of decentralized applications, and the number of chains connected via IBC have all

Crypto markets rally as inflation rages at 30-year high

Cryptocurrency markets rose to record highs on Wednesday, as investors continued to pile into Bitcoin (BTC) and alternative coins against a backdrop of surging inflation in the United States. The cryptocurrency market capitalization — an important barometer for the health of the digital asset class — reached a high of $3.11 trillion, according to Coingecko.

Suddenly, Bitcoin hits new all-time high after $2K gains in minutes

Bitcoin (BTC) surprised everyone on Nov. 10 as BTC price action abruptly hit new all-time highs. The BTC price jump also coincided with news that U.S. inflation hit a 30-year high in October, reported the Wall Street Journal. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin, Ethereum “relentlessly up” Data from Cointelegraph Markets Pro and