Tag: Analysis

TokenInsight Released BitCoke Exchange Analysis Report

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Place/Date: Beijing, China – August 6th, 2020 at 5:42 pm UTC · 3 min read Contact: TokenInsight, Source: TokenInsight Introduced by BitCoke, Quanto Swap is a dual-currency trading product ( I.e. The BitMEX ETH/USD perpetual contract is denominated in US dollars and is eventually settled in XBT). The trading involves the conversion between three different cryptocurrencies. The BitCoke Quanto supports four cryptocurrencies, namely BTC, ETH, EOS, and USDT, as the settlement asset and can also be used as deposit, which means that users can trade all five contracts at the…

Price Analysis 8/5: BTC, ETH, XRP, BCH, BSV, LTC, ADA, BNB, LINK, CRO

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If Bitcoin can reclaim the $12,200 level, several altcoins are likely to resume their uptrend. Square’s Cash App product has generated $875 million in revenue from Bitcoin (BTC) trading in the second quarter of this year. This is a 600% increase over the comparable quarter in the previous year. This shows increased trader interest, which could have been spurred by the cash heavy “government stimulus programs.” The recent breakout of Bitcoin above the $10,000–$10,500 zone could spark further interest among traders. Twitter personality Dave Portnoy has shown interest in knowing…

Crypto Price Analysis August 5: BTC, ETH, LTC, XRP, BCH

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A long-expected growth of volatility finally came and a lot of cryptoassets left their respective sideways channels. Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. Right now, they are steadily growing and demonstrating excellent dynamics. On shorter times frames, many assets are forming different patterns in favor of further bullish tendencies. For bulls, it’s very important to break these patterns’ upside borders if they want to continue their rally towards…

Price Analysis 7/31: BTC, ETH, XRP, BCH, BSV, LTC, ADA,CRO, BNB, EOS

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Bitcoin finally broke through the $11.2K resistance and Ethereum’s continued strength is likely to pull several altcoin prices higher. Economists are divided on the consequences of record low interest rates across the globe and the incessant money printing by the central banks. However, one thing that most experts agree upon is that investors should get out of paper money and invest in hard assets. Gold has been the traditional safe haven asset which is preferred by institutional investors looking to hedge their portfolio or protect their purchasing power.  However, in…

Price Analysis 7/29: BTC, ETH, XRP, BCH, BSV, ADA, LTC, CRO, BNB, EOS

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Bitcoin and most altcoins could consolidate for a couple of days before resuming their uptrend. Bitcoin (BTC) trading volumes in spot and derivatives markets have been surging since the digital asset rallied above the $10,000 level earlier this week. Bakkt reported record Bitcoin futures volume on July 28 and 29, which indicates that the traders who had been waiting for a trending move to start have established fresh positions. A similar volume increase was seen in the Chicago Mercantile Exchange (CME) and the other crypto exchanges that offer futures trading. A…

Crypto Price Analysis July 29: Bitcoin Rose Above $11,000

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This past week, Bitcoin added more than 23% and managed to break one of this year’s high at $10,500 per coin. Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. The cryptocurrency market capitalization reached $320 billion. Altcoins are trying to keep pace with the “captain” of the industry but their dynamics are quite different. The Chicago Mercantile Exchange announced a record rally in trading volumes of BTC futures. The daily…

Price Analysis 7/27: BTC, ETH, XRP, BCH, BSV, ADA, LTC, CRO, BNB, EOS

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Bitcoin has made a decisive move above $10,500, which is likely to boost sentiment and pull several altcoins higher. Gold made a new lifetime high today, eclipsing the previous high made in 2011. This is possibly the result of investors buying the asset as a way to hedge against the possible debasing of fiat currencies due to the huge stimulus packages announced by various central banks around the world.  To date, gold has rallied just over 26% under very favorable circumstances, while Bitcoin (BTC) is up about 50% even when…

Price Analysis 7/22: BTC, ETH, XRP, BCH, BSV, ADA, LTC, CRO, LINK, BNB

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Many altcoins could pick up momentum If Bitcoin and Ethereum break above key resistance levels in the coming days. Since March central banks have been printing money aggressively in order to combat the economic downturn brought about by the coronavirus pandemic.  Philip Lowe, the governor of the Australian Reserve Bank, has warned against the consequences of unlimited monetary expansion. Lowe said that “there is no free lunch,” and somebody always has to pay for the money printing “in one form or the other.” The European Union has also agreed on…

Crypto Price Analysis July 22: BTC, ETH, LTC, BSV, EOS

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The cryptocurrency market was overwhelmed by bulls over the last 24 hours. Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos. Bitcoin added 2% and was trading close to $9,400. Today, the asset is correcting. At the moment, any somewhat significant impulse is perceived as the start of another mid-term wave. However, this time these expectations may be justified. The Bitcoin dynamics exceeded that of the stock market and trading volumes…

Price Analysis 7/20: BTC, ETH, XRP, BCH, BSV, ADA, LTC, BNB, LINK, CRO

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Most major altcoins have witnessed profit booking as traders become cautious about the future of Bitcoin’s price. Gold continues to trade near its nine-year highs as investors hedge their portfolio against a possible devaluation of the U.S. dollar due to the expansive monetary policy of the Federal Reserve. Bitcoin (BTC), which has long been forecast as digital gold, is not finding favor among investors as it remains highly correlated with the U.S. equity markets. However, Binance CEO Changpeng Zhao believes that over the long-term, the top-ranked asset on CoinMarketCap will…