2021 got off to a quick start and the current crypto bull market has seen assets like Bitcoin (BTC) and Ether (ETH) shoot to new all-time highs on an almost daily basis. While new price highs are positive for investors, they do present a range of challenges relating to fees, transaction speeds and the centralization of what is meant to be a decentralized ecosystem. Since mid-2020 institutional investors have been steadily flooding into cryptocurrency and this is exacerbating the issue of scalability, high transaction costs and lengthy confirmation times on the Bitcoin and Ethereum blockchain. Eth2 is steadily rolling out, …

In the past week, a large number of altcoins have broken from their sideways ranges to post double-digit gains and it appears that investors are interpreting the current trend as a new ‘altcoin season’. As historical data shows, these altcoin breakouts typically occur after Bitcoin (BTC) enters a consolidation phase after a sharp rally similar to the one the maket has witnessed over the past three weeks. For many of the recent top movers, technical analysis traders are simply capitalizing on tokens that show bullish market structure or are on the verge of a breakout due to increased volumes, but …

The strength of Bitcoin's (BTC) uptrend appears to be growing, as the top-ranked digital asset soared above $40,000 earlier today. It's probably safe to say that many investors are completely astounded by the fact that BTC has doubled its value only a month after breaking through the $20,000 mark. This suggests that the buying has continued unabated, signaling strong demand at every higher level. This bullish sentiment has pulled several altcoins higher, with the total crypto market capitalization extending $1 trillion. As most altcoins have only recently started participating in the rally, they may run up vertically in the short …

Bitcoin price may have taken a temporary breather but the sharp correction below $30,000 did little to dismay the bullish sentiment of crypto market participants. The CME Bitcoin futures market reached an all-time high volume at $2.7 billion on Jan. 4 and the same day, LMAX Digital also achieved a record-high at $2.62 billion in traded volume. This huge surge in trading activity suggests institutional investors are continuing to invest in Bitcoin (BTC). Due to institutional adoption, analysts believe that Bitcoin could rally as high as $100,000 in 2021. However, JPMorgan Chase analysts led by Nikolaos Panigirtzoglou have a slightly …

During a bull market, negative news is quickly digested, and the collateral damage is often limited. Therefore, even as XRP price dumped aggressively due to the uncertainty regarding the outcome of the United States Securities and Exchange Commission's lawsuit, other altcoins have largely been unaffected. Moreover, as Bitcoin’s (BTC) strong rally takes a breather, several altcoins have broken out of their overhead resistance levels and are attempting to resume their uptrend. Let’s look at a few tokens that have risen sharply in the past few days and analyze their charts to ascertain whether the rally could extend further. ZIL/USD Zilliqa's …

The price of BNT, the native token of Bancor, surged 86% in merely two days from $1.02 to $1.919. The rally was fueled by a combination of Coinbase listing BNT and the growing volume of Bancor’s DEX. The Coinbase listing was the primary catalyst behind BNT’s strong 48-hour rally. Almost immediately after its announcement, the token’s price increased by around 16% after spiking to as high as $3.70. Coinbase said on Dec. 16: “Starting today, Coinbase supports Aave (AAVE), Bancor (BNT), and Synthetix (SNX) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, …

Over the weekend Bitcoin (BTC) price made a push back above the $19,000 level as traders showed up and provided enough volume to support the surge. At the time of writing, BTC price breaking above a pennant but the $19,300 to $19,500 range continues to present significant resistance. According to Cointelegraph contributor, Rakesh Upadhyay: “If the bulls can push the price above the $19,500 to the $20,000 overhead resistance zone, it will complete an ascending triangle pattern that has a target objective of $22,808.98.” As Bitcoin bulls attempt topush the price to the $19,500 resistance, a handful of altcoins have …