Yaz Sheikh, Publisher at CoinCodex
Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potential of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.
Yaz Sheikh Latest Articles
Let’s face it, we all know that there is a risk associated with trading on centralized cryptocurrency exchanges. The main risk is a threat for an outside attacker to hack into the exchange's systems and steal funds from the exchange’s wallets. This has been a major problem for the industry that dates back to the infamous Mt GOX hack during June 2011, causing a major price dump in Bitcoin at the time.
Bitcoin has increased by 3.32% over the past 24 hours of trading, bringing the price for the cryptocurrency back up above the $10,000.
The Bitcoin SV effectively reduces inflation as fewer BSV coins are introduced into the economy per block. The constriction in supply is typically expected to reduce selling pressure from miners.
If you have not been watching, Lisk has been on an absolute rampage within the markets this month after exploding by a total of 151% to reach a price of $1.40. It witnessed a further 14% price increase in today’s trading session that allowed it to climb as high as $1.60 before it rolled over and started to fall.
The ZCash block halving is upon us! This will actually be the first block halving that ZCash has ever witnessed and it will occur at block number 850,000.
Icon has been on an absolute SURGE over the past month as the cryptocurrency rises by 366%. ICX has continued to surge today by a further 50% and is showing no signs of slowing down. But, why is Icon surging so much?
Basic Attention Token has started the year in a sideways trend as it ranges between $0.18 and $0.20. A break of this range will need to be established before we can ascertain the next direction of the market. The cryptocurrency is up by a total of 10% over the past 2 weeks as BAT has managed to rebound from $0.16, but it still must break $0.20 to turn bullish.
Our Cobo Tablet review will help you decide if the Cobo Tablet is the right device for keeping your crypto recovery seeds safe and sound.
So, it finally happened! BItcoin collapsed beneath the $7,000 level after seeing an epic 9% price decline over the past week of trading. Bitcoin saw a futher 4.20% price drop over the past 24 hours of trading that brought the cryptocurrency down toward the $6,558 level. Over the past 30 days, Bitcoin has now lost a total of 24%.
Bitcoin saw a further 5% price fall this week, bringing the price for the cryptocurrency as low as $7,020. The cryptocurrency is battling to remain above $7,000 as the bulls continue to defend a symmetrical triangle pattern. Toward the start of the month, Bitcoin had broken out of an acute symmetrical triangle, but has now developed a longer termed pattern as it approaches the apex.