After Elon Musk’s Tesla decided to invest $1.5 billion into the digital asset, Bitcoin’s registered a new high above $44,000. Perhaps Tesla’s investment policy could further the asset’s narrative as an institutional product. Analysts suggest that tech giant Apple should follow Tesla’s path into Bitcoin. The publicly traded US firm worth more than $2 trillion...Read More
According to a document dated 4 February, Binance Holdings Limited issued a notice of its “voluntary dismissal” of the suit against Forbes and the journalists, Michael del Castillo and Jason Brett. Last year in November, the leading crypto exchange filed a defamation suit against media company Forbes Media LLC at a District Court in New...Read More
After purchasing 16,244 BTC ($607 million at the time) on 18 January, Grayscale remains as one of the biggest institutional buyers in the Bitcoin market. On 15 January another update from the firm stated that Grayscale’s total assets under management were $27.1 billion in crypto. Charles Edwards, founder of Capriole investments put forward that Grayscale...Read More
Cardano had shown a bull flag pattern on the shorter timeframes and broken out, but reversed before nearing its projected target. VeChain attempted repeatedly to climb above $0.03, and Algorand was making extraordinary gains. Cardano [ADA] Source: ADA/USDT on TradingView The bull flag projected a target of $0.75 for ADA, with the highlighted region expected...Read More
Bitwise filed for a new exchange-traded fund tracking the performance of crypto innovators. It plans to launch a “crypto innovators exchange-traded fund”, which seeks to provide investment results that correspond to the performance of companies on the ‘Bitwise Crypto Innovators Index.’ According to a 5 February filing with US Securities and Exchange Commission (SEC), Bitwise...Read More
BTC is becoming a popular feature on the balance sheets of publicly-listed American companies, with many firms committing a significant portion of their equivalent cash balance to the largest cryptocurrency by market capitalization. Apple Should Buy Bitcoin and Create Exchange Platform According to a client note quoted by Bloomberg, RBC Capital Markets, RBC Capital Markets...Read More
As of last week, Ethereum’s native crypto surprised the market as it reached another all-time high above $1,700, on 5 February. Following this, many in the crypto space began to think that the asset could become more established. Especially with the expected launch of ether futures contracts from CME. Even though the second-biggest cryptocurrency by...Read More
BCH moved below its 200-SMA once again but the bulls were likely to overturn the bearish market moving forward. XTZ projected an upside at $3.42 after the indicators flashed bullish signals and BAT could rise above its August 2020 levels if the price moves north of $0.427. Bitcoin Cash [BCH] Source: BCH/USD, TradingView Bitcoin Cash...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum formed an ascending triangle pattern on the charts but faced some resistance at the $1760 mark. While high gas fees are a blow to decentralized exchanges, they could also persuade users to turn...Read More
Dear BitMax.io Users, Community Members, Partners, and Supporters, Happy New Year! The year 2020 was a memorable one for all of us at BitMax, our community members, and to a large extent, the entire industry. Not only did major digital assets achieve broader adoption globally, but the ever-evolving landscape also saw tremendous progress. Riding the...Read More
Chainlink found stubborn resistance in the $24.8-$25.8 region. Aave was forced to pullback at $540 but approached it with bullish momentum once more while Elrond shot upwards on the charts without enduring a price correction. Chainlink [LINK] Source: LINK/USD on TradingView Chainlink faced a region of supply at $24.8-$25.8. LINK briefly move above $26 but...Read More
Following the news about Tesla’s billion-dollar investment in bitcoin, analysts reveal that the Elon Musk-led company invested around 15% of its net cash into the flagship cryptocurrency. As reported by CryptoPotato earlier today, Tesla made headlines across the crypto verse after it invested $1.5 billion into bitcoin, as revealed in a 10k form filing with...Read More
XRP projected rangebound movement as the dust settled in its market following a period of high volatility. XMR moved within a horizontal channel and the breakout did not seem imminent over the next few sessions. IOTA could depend on a broader market rally to climb above its local high. XRP Source: XRP/USD, TradingView XRP continued...Read More
The Indian cryptocurrency scene is currently waiting on an imminent Crypto Bill, which may define the future of digital assets in the country. The situation is vastly different from 2019 as the current bill also includes the possible development of a Central Bank Digital Currency supported by the Reserve Bank of India (RBI). With a...Read More
The CME Group has opened its doors to its much-anticipated Ethereum futures after the ETH futures contract went live at 6 p.m ET on February 8th for its first trade. According to the website, the futures opened at $1604, and the real-time index was currently around $1648. Source: CoinStats The CME futures are cash-settled and...Read More
The bull market is beginning and most altcoins broke past levels of resistance that had countered their rise in the past. Litecoin was trading within a range and looked likely to drop beneath $150, while FTX Token and Decred were bullish on the price charts. Litecoin [LTC] Source: LTC/USD on TradingView The longer-term range for...Read More
Bitcoin’s price exploded in the past hour following an announcement from the electric vehicle giant Tesla that it had purchased $1.5 billion of the primary cryptocurrency in January. However, the massive volatility and perhaps growing interest have caused technical difficulties for the Malta-based exchange Binance. CryptoPotato reported earlier today that Elon Musk’s Tesla had allocated...Read More
Electric-car manufacturer Tesla has according to its SEC filing acquired $1.5 billion worth of Bitcoin. According to reports the company has mentioned that it intends on diversifying its cash reserves by investing in digital assets along with investments in gold and gold ETFs. Bitcoin’s price saw increased bullishness last week when the CEO of Tesla...Read More
In a massive turn of events for the entire Bitcoin community, Elon Musk’s Tesla has filed with the SEC, revealing that the company has bought a whopping $1.5 billion in Bitcoin this January. The price of Bitcoin has surged to a new all-time high above $42,000 as an SEC filing revealed that Tesla has bought...Read More
With a market capitalization of $2.713 billion, Monero has been pushed to the 21st rank on the CoinMarketCap list. However, the privacy-centric token has been witnessing its price moving like a wave hitting $146 and $158 price levels in the short-term. At the time of writing, XMR was valued at $152.16 and was looking like...Read More
DeFi or the Decentralised Finance industry witnessed massive progress in the year 2020. This implanted the faith in the investors about DeFi tokens. With many DeFi assets coming to the arena and some of them providing great returns, it is time for us to evaluate the top DeFi tokens in a bit of detail and...Read More
What started as a joke coin has turned into a frenzy endorsed by the world’s richest man Elon Musk, the Winklevoss twins, Snoop Dogg, and numerous others. However, some crypto proponents have highlighted the risks and dangers of this Dogecoin interaction as the token’s market capitalization has exceeded $10 billion. Pro-Dogecoiners Led By Musk The...Read More
There has been high momentum in the cryptocurrency market and the interest across the market has been growing significantly. More than retail investors, the market has been seeing an influx from institutions. According to a recent update, 21Shares AG – the Swiss-based crypto issuer, has surpassed $500 million in assets under management [AUM] and joined...Read More
Binance Coin reversed its dip and looked set on retesting $75.5 once more. Cosmos showed the beginning of a bearish divergence as it climbed toward its target of $15.84, and Dogecoin showed a buy signal as it rose toward $0.08 once more. Binance Coin [BNB] Source: BNB/USDT on TradingView On the 1-hour chart, BNB formed...Read More
The fear among many is that there will be a repeat of the colossal market crash that occurred after similar futures products were first launched by the massive exchange for Bitcoin in December 2017. Futures effectively allow institutional traders to short the asset, and considering Ethereum is hovering around its all-time high, this is quite...Read More
