Category: Altcoin

Bitcoin (BTC) faced stiff resistance above $44,000 on Thursday, Sept. 23, as China told governments to prepare for property giant Evergrande to collapse. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers line up to snag sub-$40,000 BTC Data from Cointelegraph Markets Pro and TradingView showed volatility continuing for BTC/USD Thursday. The pair had seen a

Axie Infinity’s native cryptocurrency AXS bounced higher on Se as the market’s focus shifted on its listing across two major crypto trading platforms: Bitfinex and Bitstamp. The AXS/USD exchange rate surged 15.52%% to $69.86, negating all the losses that it incurred at the beginning of this week. The intraday rally came as a part of

Bitcoin billionaire and venture capitalist Chamath Palihapitiya thinks that cryptocurrencies counter capitalism and could help create a better financial future for the world. On a new episode of the All-In podcast, Palihapitiya makes the case for crypto assets and decentralized finance (DeFi), saying that crypto is already dramatically changing the way capital is allocated.  

After accurately predicting Cardano’s rise to $3.00, the CEO of financial advisory firm deVere Group is unveiling his latest set of crypto predictions. The price of ADA now hovers at $2.22 after hitting $3.10 on September 2nd, but Nigel Green tells Business Insider that the third-largest cryptocurrency by market cap will resume its rally and

A new survey has revealed bleak insights into the apparent willingness of retail investors to follow digital asset advice from the social media accounts of celebrities and influencers. According to a Morning Consultant survey of 2,200 U.S. adults, 45% of crypto-holding respondents indicated they would be likely to seek exposure to a digital asset if

Admittedly, the last few days have not been not the most pleasant time for crypto traders as the price of Bitcoin (BTC) price fell short of breaking the $50,000 threshold, then slid to the low-$40,000 range and pulled the majority of altcoins down with it. Despite this sharp downturn, a handful of tokens seemed to

The cryptocurrency ecosystem is showing signs of a recovery on Sept. 22 following a 48-hours corrective stint which saw Bitcoin and altcoins sell-off to their swing lows. Equities and crypto investors were clearly worried about the possible bankruptcy of China’s Evergrande real estate firm and many feared that the possible default could spark a global

Positive news about China’s Evergrande meltdown and the Fed’s intent to continue its current monetary policy catalyzed a strong recovery in the price of Bitcoin and altcoins.

As the overall cryptocurrency market moves through a turbulent week, one under-the-radar altcoin is defying the downtrend in a major way. Decentralized reserve currency protocol Olympus (OHM) has surged by 34% over the past seven days.   A possible catalyst for the price jump is the recent announcement of a new product called Olympus Pro.

The sharp correction that threatened to pull Bitcoin and altcoin prices back toward their sing lows appears to have dissipated now that Evergrande informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins prices all saw a rebound at the market open.