Price Analysis Mar 30: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Most cryptocurrencies have bounced off their immediate support levels, a positive as this shows demand at lower levels. BitMEX Research recently pointed out that the correlation between the S&P 500 and Bitcoin (BTC) has reached a new high, eclipsing the previous high recorded in March 2018. This shows that with all the money being printed to support the economy, a tiny bit might be finding its way into the crypto space, which is a huge positive. Over the long-term, only a fraction of the total stimulus packages announced around the…

Price Analysis Mar 27: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Most cryptocurrencies have turned down from their overhead resistance levels suggesting a minor correction or period of consolidation will occur in the next few days. The coronavirus pandemic and the economic crisis that it has brought along is the first of its kind in this generation. For weeks now, global equities markets have been swinging wildly due to the uncertainty. However, compared to the traditional markets, Bitcoin has been holding up quite well and its volatility has been gradually reducing in the past few days. Pantera Capital Founder and CEO…

Price Analysis Mar 23: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Bitcoin price remains range bound and several major cryptocurrencies are attempting to break above the overhead resistance levels. Traditional markets continue to post almost daily losses while Bitcoin price has been relatively range bound for the past week. At the risk of sounding repetitive, traders have to continue to focus on the events that are driving the various asset classes. The Coronavirus cases in Europe are not showing signs of flattening out and the number of cases in the US are surging at a rapid pace. This raises the uncertainty…

Price Analysis Mar 16: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

The crypto markets are showing some buying at lower levels, which is a positive sign as it shows that investors are accumulating on dips. The US Federal Reserve is at it again. For the second time this month, the Fed has done an emergency rate cut. On March 3, a 50 basis point cut was implemented and that was followed with a 100 bps cut on March 15. If that was not enough, the Fed also announced a $700 billion quantitative easing program. Surprisingly, in response to this, equities markets…

Price Analysis Mar 13: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

The crypto markets are attempting a relief rally but are struggling to sustain the higher levels. This shows that selling is not over yet. Capitulation occurs when traders are scared. On March 12, most asset classes witnessed a massive selloff with no place to hide. Even gold declined 3.17%, which shows that the traders sold everything in their portfolio. The coronavirus pandemic has created a state of panic because it does not have any treatment and spreads quickly. As a result, large cities and in some cases, the whole country…

Blockchain Analysis Helps Bust ‘Mr Dark’s’ Rape and Child Porn Site

A Dutch national known as ‘Mr Dark’ — who allegedy made $1.6 million in cryptocurrency from hosting violent rape and child pornography videos — has been indicted by a Federal Grand Jury in the District of Columbia. Michael Rahim Mohammed, 32, allegedly operated the ‘Dark Scandals’ website, which has operated on both the darknet and the normal web since 2012. The site hosted more than 2000 videos and images, and advertised that it offered “real blackmail, rape and forced videos of girls all around the world.” Users could pay for…

MTV Airs Only the Negative Parts of Crypto Youtuber ‘Ya Girl’ Rachel Siegel’s Bitcoin Analysis

A new television series by MTV features arguably the channel’s first crypto personality. Rachel Siegel, a bitcoin advocate and proponent of mass adoption who’s behind the Youtube channel Crypto Finally, was invited to enrich the story of a $5 million SIM swapping scam with her expertise. The episode was aired recently, attracting much attention from the crypto community, and not only for what it showed, but also what was cut out. Also read: Cryptocurrency Explained on the Latest Episode of The Simpsons MTV Show Consults ‘Crypto Expert’ on a $5…

Price Analysis Feb 26: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

Investors may interpret the current correction in cryptocurrencies as a long overdue pullback and purchasing opportunity. The equity markets sold off sharply on Feb. 24 and 25. Even gold, a traditional safe-haven has stalled its rally. On similar lines, cryptocurrencies are also witnessing a period of correction.  The total crypto market capitalization has dropped from about $308 billion on Feb. 15 to $248 billion at press time, which is a fall of about 19.50%. For an investor, this is a normal and healthy correction, which can provide an opportunity to…

Price Analysis Feb 24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

Many cryptocurrencies are struggling to break above their overhead resistances, which could result in a minor correction or consolidation in the next few days. The global equity markets are reeling under pressure as the coronavirus outbreak has spread outside China. While gold, the traditional safe haven, has been moving higher, Bitcoin has largely remained range-bound. This again puts focus on the frequently discussed perspective that Bitcoin is a completely uncorrelated to traditional markets. Sometimes it rallies with the equity markets and other times with gold but during certain occasions, such…

Price Analysis Feb 17: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

The current pullback has resolved the overbought state of many cryptocurrencies and after a few days of consolidation the uptrend is likely to resume. After Bitcoin (BTC) scaled above $10,000 the mood among market participants turned hugely bullish. Daily talks of the asset making new highs blanketed crypto Twitter and this bullish sentiment also rubbed off on altcoins which picked up momentum and rallied sharply in the past few days. As the week approached a close it was clear that the crypto market was looking overheated in the short-term as…