The so-called “Coinbase effect” has been analyzed multiple times by data firms like The TIE and Messari, and the verdict remains clear: Crypto traders who pounce on new Coinbase listings within seconds of their announcement often see substantial gains. Which is why this week’s VORTECS™ Report focuses primarily on a couple of big wins for subscribers to Cointelegraph Markets Pro through the NewsQuake™ service, which delivers market-moving news directly to a dedicated Discord channel and via in-browser alerts at breakneck speed. NewsQuakes™ are sourced from a real-time aggregation engine, collated from over a thousand primary sources every minute and analyzed …

Bitcoin’s (BTC) range-bound action since its breakdown at the $61,000 level has confused analysts. Some are projecting that a sharper correction could be in development while others remain steadfast in their belief that the uptrend will resume shortly. According to data from Ecoinometrics, history suggests that Bitcoin price breaks out between 300 and 350 days following a supply halving. Currently, 329 days have passed since the latest halving, and if history repeats itself Bitcoin could soon witness a breakout. An encouraging sign from this most recent market-wide sell-off is traders are viewing this as an opportunity to buy rather than …

Bitcoin (BTC) extended its price drop on Wednesday amid warnings that excessive long positions needed to be flushed out to allow for fresh gains. BTC price barely clings to $56,000 support Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local lows of $55,760 during Wednesday trading. A second day of more substantial losses for the pair came as altcoins also began to reverse their earlier successes, with Ether (ETH) dropping below $2,000. A look at trader behavior pointed to leveraged long positions in place at previous spot price, indicating belief that further upside is more likely than another correction. …

Bitcoin bulls are still struggling to push the price to a new high but the positive sign is that BTC has not corrected sharply in the past few days and the top-ranked cryptocurrency has held a market capitalization above $1 trillion since March 26. While many are wondering what Bitcoin’s next move will be, a Bloomberg Intelligence report by senior commodity strategist Mike McGlone projects that BTC will rally to $80,000 in the second quarter rather than slump to the $40,000 level. Bitcoin’s consolidation has not held back altcoins, which have continued their march higher over the past few weeks. …

It’s been another great week for altcoins as the total market capitalization of all cryptocurrencies moves within spitting distance of the $2 trillion mark. And it’s been equally positive for the Cointelegraph Markets Pro platform, which tracks crypto market conditions and real-time headline news in the blockchain industry to deliver market intelligence for every investor. Markets Pro offers two unique features: the VORTECS™ Score, an algorithmically derived weighted score that compares current market conditions to historically similar marketscapes, and NewsQuakes™ — the industry’s most rapid aggregator of market-moving news, analyzed and collated from over a thousand primary sources every minute. …

Nonfungible tokens (NFTs) have been the talk of the town over the past few months, but as the start of the second quarter gets underway for the global financial markets, it possible that traders may start looking for opportunities in other parts of the crypto market. Oracle projects are one sub-sector that has been making moves over the past few weeks as some traders shift their focus away from NFTs. As shown above, Band Protocol (BAND), API3 and DIA are three oracle projects that have entered sharp rallies over the past week. BAND/USDT Band Protocol is a cross-chain data oracle …

According to data from, Bitcoin’s (BTC) Q1 2021 performance was the best since 2013. With strong tailwinds, Bitcoin now enters Q2 which historically has been a good period for BTC price. Data shows that BTC has only closed Q2 in the red twice and both times the decline was less than 10%. If history repeats itself, Bitcoin investors may witness sharp gains in the next six months. Altcoins have also participated in the current bull run and this has propelled the total crypto market capitalization to $1.99 trillion which is just short of the $2 trillion milestone. Let’s take a …

The crypto market continues to search for scaling solutions as decentralized finance (DeFi) applications struggle with surging fees, but some alternative solutions are piquing investors' interest. For example, Nervos Network has enticed investors' appetites with a 341% rally in a month. The project also carries the Chinese government's stamp of approval, further increasing the odds for this project's future relevance. Nervos Network is a blockchain project based in China that supports layer-two scaling solutions. Since its inception, the project has sought to target decentralized finance (DeFi) and asset tokenization. The Nervos Common Knowledge Base (CKB) network provides a Turing-complete virtual …

High levels of excitement continue to surround all things nonfungible token (NFT)-related as nonfungible art, collectibles and new business models built on the nascent sector attract a diverse array of investors. In addition to the development of lucrative secondary markets for NFT listings and sales, crypto projects that are focused on NFTs, decentralized finance (DeFi) and cross-chain interoperability have also seen their native tokens rally significantly. Three projects that fit in this category are Axie Infinity, Icon and Ark. AXS/USDT Axie Infinity is a blockchain-based trading and battling game inspired by games like Pokémon and Tamagotchi that allows players to …

BitTorrent Token (BTT), the native token of the popular peer-to-peer file-sharing protocol BitTorrent, has surged nearly 30% in the past 24 hours. The rally took the valuation of BTT to over $5.2 billion, making it the 24th-most-valuable cryptocurrency by market capitalization. What's more impressive, the token's value has increased more than tenfold in the past two months. Is there any catalyst behind the BTT rally? There has been no clear fundamental catalyst behind the BTT rally to date. Nevertheless, the token has demonstrated strong technical momentum since it spiked by nearly 120% within a week in mid-March. Since then, the …

On March 30 PayPal president and CEO Dan Schulman told Reuters that the online payment giant will allow its U.S. consumers to pay with cryptocurrencies when they transact with millions of its global merchants. This is a major step in the mainstream adoption of cryptocurrencies. In other news, the Chicago Mercantile Exchange plans to launch a new Micro Bitcoin (BTC) futures contract on May 3, which will enable investors to precisely hedge their Bitcoin risk. This also means that smaller investors who could not trade the existing Bitcoin contract because of its 5 Bitcoin requirement may be able to dive …

Bitcoin (BTC) has produced phenomenal returns most years, but when it comes to maximizing them, it's best just to buy and hodl. That was the conclusion from new data circulating on social media this week, which casts serious doubt on the merits of following investment advice from mainstream media. Don't believe the hype? Under the microscope was CNBC, which in 2017 offered viewers an investment portfolio made up of 30% Bitcoin and 70% altcoins. Four years later, those who invested $10,000 at the time now have around $52,300. Had they just bought and hodled Bitcoin, however, they would have over …