Fidelity Digital Assets, the subsidiary of the large American investment company Fidelity Investments, has published a report on Bitcoin highlighting that its benefits have helped BTC to become an “aspirational store of value” for investors. Bitcoin’s Store Of Value Functions Launched in October 2018, Fidelity Digital Assets has become a significant player offering cryptocurrency services...Read More
Bitcoin attempted another bullish movement yesterday, but it got rejected when it approached the next resistance line. The majority of the altcoin market is retracing slightly today, following a few days of gains. The S&P 500, Dow Jones, and Nasdaq marked increases yesterday, following an announcement from the Fed pledging to keep the interest rates...Read More
It is 2020, but for some reason, it feels like 2017 again. Why? It’s the YFI (no, not WiFi). Yearn Finance’s YFI token doesn’t seem to slow down. At all. The ‘absolutely no-value’ token has actually achieved a $4000 valuation and has become the second-highly priced crypto asset after Bitcoin. YFI Becomes the Second Highest...Read More
Following a steady recovery from $216, Bitcoin Cash pushed above the crucial $280 level with 25% gains in 7 days. Against Bitcoin, the price continues to remain in a consolidation phase after three months decline. BCH/USD: BCH Waiting After A Slight Breakout Key Resistance Levels: $352, $409, $428 Key Support Levels: $280, $258, $245 BCH/USD....Read More
Yesterday, Coinbase announced that it was expanding its Learn platform with the addition of Kyber Network tokens. The incentive allows exchange customers to watch videos in exchange for a small handful of the KNC tokens worth a couple of dollars. Starting today, Coinbase customers can start earning Kyber (KNC) by watching lessons and completing quizzes...Read More
XRP saw a very strong 9.5% price hike today, and it reached $0.24. The coin has now created a fresh 3-month high not seen since late April 2020. Against Bitcoin, XRP continues to struggle as it fails to break 2200 SAT. XRP/USD: XRP Bulls Attempting To Break Above April Highs Key Support Levels: $0.234, $0.225,...Read More
Bitcoin scams by impersonations are emerging globally, and the latest example coming from the Philippines has pushed the nation’s Finance Secretary to sought the help of the US Department of Justice (DOJ). He claimed his name was used to promote a series of ongoing cryptocurrency scams. The Philippines’ Finance Secretary Involved In a BTC Scam...Read More
Messari crypto researcher, Ryan Watkins, has recently delved into the market values of the decentralized finance sector, comparing it to some of the other players in the crypto industry. He concluded that DeFi is still a minnow despite its massive growth in popularity this year. The entirety of what we call DeFi is worth less...Read More
Leading cryptocurrency hardware wallet provider, Ledger, announced Wednesday that it suffered a data breach, which affected the personal information of thousands of users in late June. According to a detailed report published by Ledger today, the breach occurred on June 25. The attacker accessed a part of the company’s e-commerce and marketing database, containing mostly...Read More
Yesterday, Goldman Sachs warned that the US Dollar stands a severe risk of losing its status as the world’s reserve currency. This comes amid rising concerns regarding inflation in the United States. Will this lead to Bitcoin price rallying further in the near future? The Demise of the Dollar’s Dominance is Near: Goldman Sachs As...Read More
After several days of gains, Bitcoin has stalled a bit around the $11,000 mark. Simultaneously, most large-cap altcoins have managed to increase their value against both the US dollar and BTC. Bitcoin At $11,000 The past several days were nothing short than impressive for the primary cryptocurrency. Its $2,000 price surge came somewhat surprisingly for...Read More
Both Bitcoin and gold have surged as the US Congress is debating over the further stimulus program to support the economy amid the pandemic. Nevertheless, a major investment bank is recommending the cryptocurrency over the metal. Oppenheimer Analyst Says Now Is the Right Time to Invest in Bitcoin On Tuesday, Bitcoin touched the highest level...Read More
Grayscale Investment, operators of the largest crypto hedge fund, is close to reaching a $5B valuation after adding $500M to its assets under management (AUM) is less than a week. Meanwhile, other cryptocurrency funds like Tetras Capital are shuttering after low returns despite market-wide recovery since Black Thursday. Grayscale Crypto Fund AUM at $4.8B Tweeting...Read More
With gold setting a new all-time high (ATH) and Bitcoin (BTC) surging past $11,000 for the first time in over 11 months, market observers say investors are focusing on haven assets while governments prepare for another round of economic stimulus activities. Market Uncertainty Acting as Tail Winds for Bitcoin and Gold As of the time...Read More
Ethereum saw a small price drop today as the coin falls to $316. This comes after ETH managed to increase by a total of around 30% this week. Against Bitcoin, Ethereum reached as high as 0.0317 BTC but has since dropped to 0.0288 BTC. ETH/USD: Bullish Push Stalls At $323 Key Support Levels: $306, $300,...Read More
The most recent Bitcoin price surge may have triggered a serious FOMO wave amongst investors as data displayed the largest inflow of Tether (USDT) towards exchanges in eight months happened yesterday after BTC broke above $10,000 and aimed for $11,000. Tether Into Exchanges To Follow BTC FOMO? Bitcoin’s price finally broke above $10,000 a few...Read More
After Bitcoin’s significant rally to above $10,000, centralized exchanges have seen the largest hourly net flow of BTC in over three months. The question remains if such a vast amount of coins heading towards platforms could unleash a sell-off and, consequently, a price drop. Record BTC Net Flow Towards Exchanges According to data from the...Read More
The Intercontinental Exchange (ICE) backed Bakkt has just reported its largest single-day volumes for physically settled monthly Bitcoin futures contracts. On Monday, the figure hit a new record, trouncing the previous one. “Our Bakkt Bitcoin Futures reached a new record high of 11,509 contracts traded today – an increase of 85% from our last record-setting...Read More
Bitcoin bulls appear to be resting right now after ricocheting off a major Fibonacci resistance at $11,390 (yellow Fibonacci levels on the daily chart). This is the first time this level has been testing in almost a year and is one of the major hurdles standing in the way of BTC prices breaking above the...Read More
The ETH2 validator launchpad is now live, according to the Ethereum Foundation. Thus, potential validators can learn how the upcoming network works. Ethereum 2.0 Validators Can Deposit Into Medalla Those who want to become validators in the upgraded version of Ethereum, which will fully adopt Proof of Stake (PoS) soon, can finally get familiar with...Read More
It’s safe to say that Bitcoin’s dull days are behind the asset as it continued its bullish run to reach $11,000. Despite gaining against the dollar, most altcoins are trailing compared to Bitcoin, questioning the state of the altseason. Bitcoin Goes Into Uncharted 2020 Territory After finally breaking above $10,000, the question remained if BTC...Read More
About an hour back, Bitcoin’s price clocked a new 2020 by hitting the $11,000 mark. This comes after BTC zoomed past the psychological $10,500 barrier earlier today. Is this a trap for bulls or the beginning of another bull market? Bitcoin Price Has Officially Clocked a New 2020 High, Bull Market Here? When a U.S....Read More
Popular cryptocurrency YouTube content creator DataDash believes that Bitcoin has entered a long-term bull cycle. He based his opinion on several factors, including the famous stock-to-flow model, the increasing hodling mentality from investors, and the issuance of new coins. Weekly And Monthly Bullish Patterns According to Nicholas Merten, the person behind the popular DataDash YouTube...Read More
CryptoPotato’s cryptocurrency fund (the Crypto Fund) launched nearly a year ago continues to attract new investors and its performance has increased sharply during 2020 and especially in the past month. The growth comes after a significant change in its asset allocation with the purchase of Augur’s native token – REP. CryptoPotato’s Crypto Fund History During...Read More
Alternative cryptocurrencies felt today’s pressure as Bitcoin finally poked its head. The major cryptocurrency is on the rise today, and as it’s almost always the case, this took its toll on altcoins. Bitcoin managed to regain almost 1.5% of its market dominance over the past 24 hours alone, leaving other cryptocurrencies in despair. Altcoins Down...Read More
It’s been quite a year for Ethereum as on-chain activity on the network continues to spike, comparable to what it was during the bull run of 2017. Tx Fee Surged 688% According to new research on Decentralized Finance (DeFi) by Xangle, a global crypto-asset disclosure platform, the transaction volume and fees on the Ethereum network...Read More
XRP saw a small 2.67% increase today as it pushed above $0.22. The coin is now trading above the June 2020 high as it faces resistance at $0.225. Against Bitcoin, XRP is trying to push higher but is struggling with resistance at 2200 SAT. XRP/USD – XRP Bulls Push To 2-Month Highs Key Support Levels:...Read More
Bitcoin’s price took a turn for the best over the past couple of days as it breached the coveted $10,000 mark in today’s early hours. Naturally, this brought a lot of excitement in the cryptocurrency community, and a definitive testament of this is the reaction of Arthur Hayes – the CEO of one of the...Read More
Crypto asset markets have been on fire over the weekend with a surge of $17 billion, or just under 6%, since Saturday morning. The move has lifted total market capitalization to its highest level since mid-February, and the first time it has been over $300 billion for five months. Cryptocurrency Market Capitalization YTD. Source: CoinMarketCap...Read More
Bitcoin started gaining momentum yesterday and saw its price increase above the coveted $10,000 mark. At the same time, gold continued its recent surge by marking a fresh all-time high. Some altcoins retraced heavily in the past 24 hours, helping Bitcoin’s dominance reclaim some lost ground. Bitcoin Stands Above $10k After weeks of trading within...Read More
