Here’s a list of the best performing crypto assets — excluding Bitcoin — for 2019. Since the start of 2019, the crypto market has been on the receiving end of an insane amount of financial volatility. For example, in January, the total market capitalization of this burgeoning sector was around $130 billion. However, by July,…
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Only two of the top five performers have closed in the green in the past seven days, which shows that the sentiment is currently negative. Tom Jessop, the president of Fidelity Digital Assets, said that the absence of a long track record is one of the main reasons that is keeping the institutional investors at…
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Bitcoin’s bearish price action has led many traders to set their sights on altcoins and this week a handful of tokens added notable gains. The United States Federal Reserve believes that stablecoins “could complement existing payment systems and improve consumer welfare” but the operators behind the digital assets will require constant oversight and regulation. The…
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The reversal in the price of Bitcoin and other cryptocurrencies in the past week points to a likely bottom formation and a change in sentiment to buy the dips. Though fundamentals play a large part in determining the price of an asset, short-term movements of the markets are driven by sentiment. This was clearly visible…
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A few of the top 5 performers are showing promise and are likely to start an uptrend. Which are those? Let’s study the charts. The United States Securities and Exchange Commission (SEC) has been in the thick of the action over the past week. First, the SEC rejected the Bitcoin ETF application from Bitwise Asset…
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Chainlink (LINK) has been treading an uptrend toward its all-time high at $4.49. Will LINK lead the way for other altcoins to follow? Chainlink (LINK) has been on fire, blazing its own trail independent from the rest of the market. The digital asset appears to be in the beginning stages of a strong uptrend on…
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Will the first signs of recovery in altcoins sustain or turn out to be a dead cat bounce? Let’s study the charts. Fundstrat Global Advisors co-founder Tom Lee believes that Bitcoin does well when the S&P 500 market index moves up. Though Bitcoin might act as a macro hedge against global turmoil in some instances,…
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