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Date Time What’s next for the cryptocurrency market? After a week of massive volatility and slump, the cryptocurrency market has mostly recovered this week with some of the digital coins far surpassing the market average. Bitcoin, the world’s biggest crypto coin with more than $1 trillion market cap, has continued to hover around the US $55,000 mark with the upward momentum running out of steam, at least for now. At this level, the sellers appear to be in charge at the moment. Despite rejected at this level, the subsequent downtrend has not been that intense and has managed not to stick a...

Date Time Crypto assets fly high with bullish investor sentiment Cryptocurrency market continues to push higher across the board on the back of favorable news and eased investor worries drawing a picture of bullish market sentiment. Prices of assets whether digital or not– from shares, to property, to commodities such as iron ore – have surged as optimistic investors believe that the global economy devastated by the Covid-19 pandemic, is set to rapidly bounce back to pre-pandemic levels. Bitcoin, the world’s biggest crypto asset with more than $1 trillion market cap, has managed to hold...

The upwards momentum in the cryptocurrency market appears to have stalled following the otherwise promising push higher seen since Monday. Bitcoin (BTC) has traded in a tight range around the current strong resistance level over the past 36 hours days, which suggests buyers...

Date Time Cryptocurrency market sees relief rally as clouds clear Cryptocurrencies rallied across the board on Monday while the US dollar edged higher and U.S. equities climbed to a record high as investors seemed to cheer on an outlook for a likely divided Congress in the wake of President Biden’s forthcoming proposal to double capital gains taxes for the highest-income Americans. The positive outlook is also backed by the expectation that the Federal Reserve will remain accommodative in the face of the world’s largest economy recovering rapidly back to pre-pandemic levels. Investors wil...