Analyses BTC Correction - Not the First One, Not the Last One Either – Analysis, 25 May

Last week, one of the deepest corrections unexpectedly hit the cryptocurrency market. For example, the price of Bitcoin recorded approximately 50% decline: Source: CoinMarketCap.com However, as some cryptocurrency enthusiasts outlined, such kinds of panic sell-offs are nothing new to the market, and things like this happen and will continue to ...

Analyses Elon Musk and the Crypto Drama He Leaves in His Wake – Analysis, 17 May

Last week, Elon Musk brought another surprise to the market. This time he started to criticize Bitcoin instead of praising the cryptocurrency. On May 13th, the Tesla CEO announced that they had stopped vehicle purchases using Bitcoin: Source: Twitter Musk underlined that the reason behind the decision is because Bitcoin is heavily energy-consum...

Analyses Everybody Loves... Dogecoin – Analysis, 10 May

Most of the major cryptocurrencies hit new all-time highs this past week. Ethereum (ETH) managed to surpass the psychological level of $4,000 during the week, recording a new-all time high. Binance Coin (BNB) hit $680 – the highest level since inception. However, the biggest surprise for the crypto market or, actually, for some cryptocurrency us...

Analyses What Happens After Last Week's Deep Correction – Analysis, 26 Apr

Last week the cryptocurrency market marked one of the biggest corrections since the beginning of the year. For example, the price of Bitcoin dropped from approximately €54,000 to €39,000 – a price decline of over 27%. Many cryptocurrency users, mainly newcomers, started to panic and wonder if this is a trend reversal that will lead to a new bear...

Analyses Positive News Prevailed During the First Part of Last Week – Analysis, 19 Apr

The positive news in the cryptocurrency market continued to prevail during the first part of the past week. On Tuesday, April 13th, ConsenSys, one of the leading software development companies in the blockchain space, founded by Ethereum’s co-founder Joseph Lubin, announced it had been able to raise $65 million to accelerate the development of D...