While Bitcoin’s price nosedived by 17% on Monday, at press time, it had recovered considerably, with the cryptocurrency noting gains of 10.82% in a single 24-hour window. These statistics are not enough, however, considering Bitcoiners’ activity on exchanges – their buying and selling patterns, their compulsions, and their withdrawal capacity. Along those lines, Bitcoin exchange...Read More
Galaxy Digital founder and CEO, Mike Novogratz cautioned investors because he believed that Bitcoin prices are currently correlated to risk assets, at least in the short run. He sees the digital asset’s prices falling instead of increasing if S&P stocks go down. In a recent interview at CNBC’s Squawk Box, the billionaire executive predicted: If...Read More
Leading crypto exchange Coinbase has acquired trade execution infrastructure provider Routefire according to a tweet published on 7 January, which stated: Image Source: Twitter The announcement came not long after Routefire revealed that the startup’s team would now be joining Coinbase. The Routefire team To our community: It is with deep gratitude that today we...Read More
Erik Voorhees, who founded ShapeShift believes that it will take less than six months for the cryptocurrency market capitalization to reach $2 trillion. Voorhees, a Bitcoin maximalist took to Twitter on 7 January and said: Crypto Market Cap: $1 Trillion Took ten years. It will take less than six months to get to $2 Trillion.https://t.co/X4HCHcbEKs...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Cardano’s price has benefited greatly from Bitcoin’s bull run. Over the past week, the cryptocurrency’s price saw a whopping 88 percent hike. Even in the short-term, i.e. in the past 24-hours, such strong bullish...Read More
The price of Ripple’s native crypto, XRP has seen much volatility over the last couple of months. Holders expected a late November 2020 surge in XRP prices, but all hope was lost after United States Securities Exchange Commission sued Ripple for an illegal securities offering, calling into question the status of the crypto. Many have...Read More
In a previous article, we discussed the changes that will take place after EIP-1559 is implemented on Ethereum and the modification of the current gas fee system. As explained, the main objective of EIP-1559 remains to lower gas fees for its users so that individuals are not overpaying for their transactions to go through. While...Read More
Since December 2020, Bitcoin price has become synonymous with all-time highs. The coin remained true to this trend and hit another ATH at $40k on 07 January 2021. The largest cryptocurrency has surged over 35% year-to-date. The digital asset has been in the overbought zone for a while. With the existing CME gaps, BTC has...Read More
Chainlink‘s bulls seized the $16-level from the bears, but a bearish divergence could see this highly significant level tested. Dash approached the $100-mark with momentum and could rise above it to test the $104-resistance level, while VeChain could see a dip to $0.0253. Chainlink [LINK] Source: LINK/USD on TradingView There was a bearish divergence between...Read More
Ethereum’s price is breaking all ceilings, with the cryptocurrency rallying by over 50% over the last 7 days, based on data from CoinMarketCap. The rally, similar to Bitcoin’s narrative, is pivoting on a drop in active supply. In fact, it is expected that the only outcome of the drop in supply will be a price...Read More
Amidst Bitcoin’s increasing activity, the idea of a short-term top is lost like noise. What must be remembered, however, is that a short-term Bitcoin top is still likely, if and when inflows from institutions like GrayScale drop. With Bitcoin trading at $37,290 at press time, the premium on exchanges like Coinbase is not as significant....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Following Bitcoin’s lead on the charts, altcoins like Stellar Lumens registered significant gains over the past 48-72 hours. At the time of writing, XLM stood out in the top-10 of the cryptocurrency market, simply...Read More
Bitcoin Standard Hashrate Token (BTCST) is now live on Binance Launchpool, and Binance will then list BTCST in the innovation zone at 6:00 am (UTC) on Jan. 13, 2021. BTCST sets off to solve the problem of a limited number of exit options by bringing exchange-grade liquidity to the Bitcoin mining industry, and in secondary trading, BTCST will perform...Read More
Following the latest price developments for bitcoin, the cryptocurrency’s market cap has entered the top ten assets by market capitalization. More recently, BTC has closed the gap with Elon Musk’s electric vehicle and clean energy company, Tesla. Bitcoin Nears Tesla’s Market Cap The cryptocurrency has been on a remarkable run since October 2020. It ended...Read More
New years are often great occasions to launch new products. Popular crypto-exchange BTSE is the one to launch the latest product this year in the form of Wrapped Monero [WXMR], a Monero-backed token on Ethereum. According to the announcement made by BTSE, WXMR will be backed 1:1 by Monero and secured by the exchange. Wrapped...Read More
The largest cryptocurrency asset management company, Grayscale, will see a shift in its executive leadership as founder Barry Silbert is prepared to step down to focus on other initiatives of Digital Currency Group. Announced Thursday, Grayscale will see a change in its Chief Executive Officer position. The founder of the company, Barry Silbert, who was...Read More
One of the major cryptocurrency derivatives exchanges, BitMEX, has completed the month-long process of verifying its entire user base. The development comes shortly after the platform said it would provide its clients with faster transactions via a new integration system update. 100% of Volume on the BitMEX Platform Fully Verified In a recent post, BitMEX has...Read More
Currently, an important sector of humanity is betting on investing in digital assets. Among the most prominent digital assets, we find cryptocurrencies, especially bitcoin, which is the founder of the crypto market. Recently crypto market analysts have detected a significant increase in transactions from bitcoin to INR, that is, from bitcoin to the national fiat...Read More
Since the start of the year, Bitcoin’s price has surged by over 32 percent on the price charts. Thanks to the said surge, BTC, at press time, was valued at over $37k while it was priced at just $28k when the year began. However, what is really interesting is that this surge is being backed...Read More
Bitcoin Cash registered a bearish divergence and was likely to test the $414-level of support over the next few trading sessions. Polkadot was likely to see a breakout past $10.5 to reach $11.5, provided it does not lose the $9.5-region in the coming hours. OMG Network was strongly bullish, but could see a pullback to...Read More
A recent report fueled the rumors that the South Korean digital asset exchange Bithumb is indeed for sale by naming a potential buyer. It indicated that the Tokyo, Japan-headquartered gaming conglomerate Nexon is preparing to purchase a controlling stake in the trading platform. Numerous reports from the past several months suggested that the Asian exchange...Read More
FiCAS AG, a reputed Swiss crypto-investment manager, is in the news today after it announced the receipt of regulatory approval to make its cryptocurrency exchange-traded product [ETP] available across Europe. According to the announcement made by FiCAS, “FiCAS has obtained approval and passporting of the Base Prospectus and other product documentation under EU law of...Read More
XRP appeared to have reversed its month-long downtrend, but since many exchanges are set on delisting the cryptocurrency over the next few weeks, some selling pressure may be incoming. Tron registered a sharp move to the upside and tested the resistance at $0.03, while Zcash noted consistent selling and was unlikely to rise past $71....Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice With Bitcoin, the world’s largest cryptocurrency, climbing to touch one ATH after another, the alt season may have finally kicked off. With the BTC market hitting new peaks every day, the altcoin market has...Read More
In what is most likely a lighthearted take, billionaire investor Mark Cuban has said he would run for the US Presidency if the bitcoin price reaches $1 million per “coin.” Given the supply cap of 21 million units, BTC reaching $1 million would put the top-ranked crypto by market capitalization far eclipse gold’s $10 trillion...Read More
We’re pleased to confirm that our User Verification Programme has been successfully implemented, making BitMEX one of the largest crypto derivatives exchanges in the world with a fully verified active user base. Since 4 December 2020, BitMEX users have been required to verify in order to deposit, trade, or withdraw funds. With remaining open positions...Read More
With Bitcoin crossing the $37,000-mark a few hours before press time, many of the market’s altcoins recorded substantial spikes in their trading price. This was the case for popular alts like Litecoin, Ethereum Classic, and NEO, with hikes of up to 20% observed on the price charts. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin’s price rose...Read More
Another record high was registered by Bitcoin a few hours ago as it hit $37,780 for the first time according to Tradingview.com. The move has added a further 6.5% to the price over the past 24 hours and a whopping 30% over the past seven days. It is now trading way above daily moving averages...Read More
It’s been a good few weeks for the cryptocurrency market. On the back of Bitcoin climbing to one ATH after another and Ethereum going past $1000 on the price charts, the market hit yet another milestone today after the cumulative market cap of the industry hit the $1 trillion mark for the first time ever....Read More
