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Why XRP’s recovery and rally would depend on bridging the fair value gap

Source Node: https://ambcrypto.com/why-xrps-recovery-and-rally-would-depend-on-bridging-the-fair-value-gap/
Time Stamp: August 27, 2021 6:30 PM - Modified On: August 27, 2021 - Published By:
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Republished By Plato

XRP’s price action has kept investors and traders on the edge of their seats over the last month. The altcoin’s move from $1.9 to under $0.5 and then up to $1.35 has been a remarkable journey, to say the least. However, at the time of writing, XRP was down by 2.5% in 24 hours and 13% in one week. Is the time to shine over for XRP after more than 100% gains over the last month? Or will the altcoin reclaim its ATH levels?  High social anticipation  The social anticipation

Litecoin, IOTA, Dogecoin Price Analysis: 27 August

Source Node: https://ambcrypto.com/litecoin-iota-dogecoin-price-analysis-27-august/
Time Stamp: August 27, 2021 2:00 PM - Modified On: August 27, 2021 - Published By:
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Republished By Plato

It has been a mixed trading day for the altcoin market despite Bitcoin breaking above $47k. Litecoin lost 2% of its value and was trading close to the $163.24 support line while IOTA declined by 5% and moved closer to the $0.795 price floor. Finally, Dogecoin flashed signs of consolidation with chances of a price reversal according to its technicals.  Litecoin [LTC] LTC/USD, TradingView Litecoin was trading at $169.49 after it lost 2% over the last 24 hours. The coin was trading close to the immediate support level of $163.24.

$400bn Wealth Manager Neuberger Berman Green-Lights Bitcoin Investments

Source Node: https://decrypt.co/79096/400bn-wealth-manager-neuberger-berman-green-lights-bitcoin-investments
Time Stamp: August 21, 2021 8:36 AM - Modified On: August 21, 2021 - Published By:
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Republished By Plato

In brief Neuberger Berman’s Commodity Strategy Fund is worth $164 million. The company says that up to 5% of its Commodities fund can now be invested in Bitcoin futures and ETFs. Neuberger Berman is not the first asset management firm to take an interest in crypto. New York asset management company Neuberger Berman, which controls over $402 billion in private wealth, has earmarked up to 5% of its $164 million Commodity Strategy Fund for investment in Bitcoin products, such as Bitcoin futures and Canadian Bitcoin Exchange-Traded Funds. In a regulatory filing

What you need to know about Bitcoin’s revival rally

Source Node: https://ambcrypto.com/what-you-need-to-know-about-bitcoins-revival-rally/
Time Stamp: August 16, 2021 2:00 PM - Modified On: August 16, 2021 - Published By:
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Republished By Plato

Even though an all-over bullish rally is still evident on the king coin’s one-day price chart, Bitcoin faced a major consolidation at the $47,250 level. The same raised concerns among investors about its rally. What Next At this point though, the good news is that Bitcoin is still rallying. But for BTC’s price to continue on this bullish path, it is imperative to assess circulating supply metrics to understand the future flow of the market.  Bitcoin has managed to climb above the $47K level after a short trip to the

Here’s everything you need to know about Bitcoin’s ‘biggest’ buy signal

Source Node: https://ambcrypto.com/heres-everything-you-need-to-know-about-bitcoins-biggest-buy-signal/
Time Stamp: August 8, 2021 11:00 AM - Modified On: August 8, 2021 - Published By:
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Republished By Plato

To a fair extent, Bitcoin’s price managed to take people from the crypto community by surprise. The market’s largest coin was trading at $43.3k at press time. Before analyzing whether or not Bitcoin would be able to continue its uptrend, let’s deep-dive and decipher the signals exhibited by key indicators. Hash rate trend Until recently, Bitcoin’s hash rate was hovering around its November 2019 lows (86.2 million TH/s). However, this started improving since July. Interestingly, over the past ten days, this metric’s reading has risen from 98 million TH/s to

Ethereum: Here’s the one thing that could be said with certainty at this point

Source Node: https://ambcrypto.com/ethereum-heres-the-one-thing-that-could-be-said-with-certainty-at-this-point/
Time Stamp: August 8, 2021 10:00 AM - Modified On: August 8, 2021 - Published By:
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Republished By Plato

The buzz of the London hardfork stood true to the rumors as was reflected in Ethereum’s price. Ethereum smashed through the $3k level highlighting a hike of 13% in less than 24 hours trading at $3.1K at press time.  Bearish metrics turning bullish, finally While Ethereum’s futures market looked pretty good in terms of market expectations the spot market seemed to be doing ‘more talking, less doing’ as highlighted in a previous article. However, with ETH’s price aiming for the $3540 resistance, metrics that earlier gave off a bearish look

Longing Cardano: Does this move make sense

Source Node: https://ambcrypto.com/longing-cardano-does-this-move-make-sense/
Time Stamp: August 8, 2021 9:00 AM - Modified On: August 8, 2021 - Published By:
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Republished By Plato

Cardano’s price climbed 11.5% in a week and while its price jump from the July lows of $1.1 to the current price of $1.4 might look more or less monotonous there’s another take that often goes unnoticed. The fact that Cardano didn’t fall below the $1 mark and had a comparatively less volatile market during the last bear market brings forth the fifth-ranked alt’s tendency of getting less affected by the larger market.  The speculations of ADA following Bitcoin and Ethereum have been around for quite some time. As a

Here’s the caveat to Bitcoin Cash, Ethereum Classic’s price actions

Source Node: https://ambcrypto.com/heres-the-caveat-to-bitcoin-cash-ethereum-classics-price-actions/
Time Stamp: August 3, 2021 8:30 AM - Modified On: August 3, 2021 - Published By:
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Republished By Plato

On the back of recent gains, most altcoins started moving north too. In fact, before minor corrections set in, these alts saw pretty decent rallies, with Bitcoin Cash and Ethereum Classic among them. However, what really matters is whether they can sustain these rallies or not. For the likes of BCH and ETC, this is a very critical question.  What does the price say? Both Bitcoin Cash and Ethereum Classic were up more than 40% since 20 July, at the time of writing. While both altcoins followed Bitcoin’s footsteps, their

Bitcoin’s future price action would depend on these key aspects

Source Node: https://ambcrypto.com/bitcoins-future-price-action-would-depend-on-these-key-aspects/
Time Stamp: July 22, 2021 6:00 AM - Modified On: July 22, 2021 - Published By:
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Republished By Plato

A massive drop, fear and anxiety at their peak, and a superstar entry back with a bang, pretty much sums up Bitcoin’s price action over the past week. The king coin’s downward trajectory led to a market-wide fall and a major bearish market. However, nothing is permanent in this crypto-verse where volatility is the name of the game. Bitcoin’s foray below the $30k zone didn’t last long either, and the asset soon made a strong comeback with gains of 6.25% in 24 hours, at the time of writing. A closer look

Tether Sets New Records With $20bn+ Market Cap

Source Node: https://beincrypto.com/tether-sets-new-records-with-20bn-market-cap/
Time Stamp: December 18, 2020 1:22 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

USDT is now also the fourth largest crypto by market cap. The news was announced in a Tweet from the company. At the time this article was written, Tether had a market cap of slightly over $20.03 billion. This is down about $10 million from its peak today, according to CoinMarketCap.  Tether has just surpassed a $20B market capitalization! This fantastic milestone is another confirmation for Tether maintaining its number one spot as the most liquid, stable and trusted currency! pic.twitter.com/sorWjzChIo— Tether (@Tether_to) December 18, 2020 Accelerate! Tether’s market cap has

Litecoin is Flashing a Bearish Breakdown Pattern as Analysts Eye Downside

Source Node: https://bitcoinist.com/litecoin-is-flashing-a-bearish-breakdown-pattern-as-analysts-eye-downside/?utm_source=rss&utm_medium=rss&utm_campaign=litecoin-is-flashing-a-bearish-breakdown-pattern-as-analysts-eye-downside
Time Stamp: August 18, 2020 4:00 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

Litecoin has been flashing mixed price action in recent weeks, with its slow uptrend showing some signs of faltering Its momentum began stalling yesterday when it reached for highs of nearly $70 This seems to shine a light on some underlying weakness, potentially also signaling that further downside is imminent Analysts are noting that this weakness may lead it significantly lower in the near-term One trader is pointing to a breakdown pattern that LTC has formed against its BTC trading pair as another reason why downside is imminent Despite climbing