It may be a tad too early, but ‘tis the season of fun, joy, and a Bitcoin price rally. With Bitcoin holding firm above the $18,000-mark, each passing hour is only going to clarify the difference between stacking sats and trading. In fact, institutions like Grayscale, with an AUM of over $10B, are still stacking...Read More
Bitcoin’s market has been performing exceptionally lately, with the cryptocurrency recording YTD returns of 160%, at press time. It should be noted, however, that even though the gains in the present market are more “real,” compared to 2017, the inclination from institutions in the market has mainly been driven by the high volatility in the...Read More
Yearn Finance’s governance token YFI took a massive fall on the charts as the DeFi hype died down in early September, falling from close to $40K to below $8K. However, things were quick to turn around for YFI in November, with the token able to register massive gains since, enabling it to rise by over...Read More
It’s safe to say that 2020 has been like no other. Not just in the real world, but in the Bitcoin market as well. The king coin began at $7,200, halved its price by March, halved its supply in May, and doubled its price by October. That’s one hell of a rollercoaster. Source: Coinstats Despite...Read More
If the crypto-market was a team, DeFi would be the tough guy. DeFi has recovered well from not just the bloodbath of September 2020, but also the hack of over $100M back in November 2020. Actually, recovered would be an understatement as DeFi’s TVL has noted an exponential rise since. In fact, the same has...Read More
Bitcoin’s price crossed the critical $18000 level recently and the weekly gain now stands at 11.44%. However, Bitcoin’s dominance is still at 66%. Since the price crossed $17000 without further resistance, the top 10 altcoins based on market capitalization have rallied. The weekly returns show gains in 9/10. Litecoin is leading the rally with 30%...Read More
“You are only as good as your last race”, the famous line is also quite applicable to the crypto-verse. After its stunning rise during mid-year, DeFi tokens have somewhat lost their shine due to a series of misfortunes over the past few weeks. Certain projects underwent massive depreciation and others exhibited rug-pulls, to the joy...Read More
Bitcoin has continued its price rally to $18100 after crossing key resistance levels and this puts the year-to-date ROI of Bitcoin over 135% against the dollar. Six months post the halving of May 2020, the price is up 88%. As Bitcoin continues to rally, institutional investors and on-chain analysts are eyeing the all-time high price...Read More
The Big Payday (BPD) is upon us. Referring to the 353rd day after the HEX contract launched, BPD marks the end of the 50-week launch phase on November 19. This is the point when the Launch Phase’s Adoption Amplifier – whereby ETH can be used to mint new HEX – goes away, and HEX will...Read More
When it comes to trading with CFDs on multiple assets, there are multiple brokers in the trading industry but it is important to identify the right platform for consistent profits in the market. In line with the above information, T1 Markets is an online CFD trading platform where clients can choose from multiple assets such...Read More
The financial landscape of trading on assets continues to grow and more asset classes continue to arrive. Over the past decade, new popular have emerged such as Tesla, and digital currencies have established a completely different asset class. Now, traders have multiple options and markets to trade on. CFDs are becoming a popular investing tool,...Read More
After reaching the $17,000 mark on 17 November, Bitcoin has now breached the $18,000 range across some major crypto-exchanges today. Whilst Bitcoin dipped by 0.7% in the last hour, BTC prices hiked by over 4.7%, in a 24 hour period at the time of writing. Overall, Bitcoin was up by 14.6% in the weekly timeframe....Read More
If one were to choose one word to define Bitcoin and its price movement over the past few weeks, it would be Persistence. With the cryptocurrency’s valuation showing no signs of stopping since October, Bitcoin hinted at a price reversal after it dropped down to $15,800 on 14 November. While the crypto’s price was back...Read More
After recovering from a drop of nearly 3.5% based on data from CoinMarketCap, many believe that there is little resistance to Bitcoin’s price climbing from $16K to a new ATH on the charts. However, while most people are concerned and excited about Bitcoin finally breaching its ATH, what seems to be lost on most is...Read More
While Ethereum was trading above $450 at press time, the ETH-BTC correlation remained tight at around 0.76, based on data from CoinMetrics. In fact, Ethereum’s price has gained by 3.69% over the past week and considering the progress of ETH 2.0’s validator nodes, it may seem obvious that many traders are long on ETH. High...Read More
In a bull market, everything is good. With Bitcoin climbing to new highs every month, no matter which indicator, analysis, data-point you look at, everything will tell you to buy or hold. But, what if the markets weren’t so bullish? At the time of writing, Bitcoin was trading at a level a little over $16,000,...Read More
Running an ETH 2.0 validator node is a lucrative prospect, at least for ETH Maximalists. It takes 32 ETH to run one on your own. Naturally, since 32 ETH is a substantial amount, many have instead turned to pools. In fact, so far, 83,872 ETH have been staked. However, what’s interesting here is that a...Read More
Bitcoin has tapped the $16k-level twice and still, it is yet to sustain a breach or a capture of this level. What does this mean? Well, one can argue that this shows the market’s bulls are weak and ready to be farmed by the bears. “Ready to be farmed?” Yes, ready to be farmed. After...Read More
Let’s be honest, you were more surprised than anything seeing Bitcoin trade at over $16,000. You probably thought to yourself, “How long will this last?” With the cryptocurrency trading at its highest point since January 2018, and up by over 120 percent since the beginning of the year, the sentiment is firmly bullish, but that...Read More
As Bitcoin’s price crossed $16,000 on spot exchanges, one expected that institutions would unload their bags and book profits. However, based on the Map of unspent Bitcoins from Whalemaps, inflows to whale wallets above $12,000 remain unspent. In fact, institutions seem to be buying and HODLing at the same time. The chart attached herein highlights...Read More
Bitcoin Cash (BCH), the crypto-market’s fifth-largest cryptocurrency, underwent its third hard fork today at 12:00 UTC after its network was split into two chains – Bitcoin Cash Node (BCHN) and Bitcoin Cash ABC (BCH ABC). This contentious hard fork arose from a dispute between BCHABC and BCHN because BCHABC wants to implement an Infrastructure Funding...Read More
When Bitcoin was launched back in 2009, experts believed that it was launched to tackle the global financial crisis. The banking crisis was at the heart of it, and Satoshi’s vision may have been to decentralize what we know as money. Despite regulatory clampdown in the first 7 to 8 years of its existence, Bitcoin,...Read More
Brad Garlinghouse, CEO of Ripple, made waves across crypto-Twitter recently after he claimed that XRP is to Ripple what Exxon is to Oil on a podcast. Garlinghouse’s use of the analogy is an interesting turn of phrase, to say the least. However, what is even more interesting is that when the host interceded by pointing...Read More
The process of ‘going public’ for any firm or entity can be best described as the pinnacle of success, an achievement that requires more capital to remain successful. Now, an IPO-based company in the digital asset field is a rare sight, but a DCG IPO might have the potential to prosper, if it ever decides...Read More
For many, Bitcoin is more than just a cryptocurrency. For most, Bitcoin is THE cryptocurrency. Why is this so? Well, there are many reasons, but the primary reason usually given by proponents is that it is the world’s biggest and its oldest. Fair enough, but is that all there is to that? Well, not quite,...Read More
Akropolis has reportedly come under attack, with hackers draining the DeFi protocol’s savings pool to the tune of $2 million in DAI stablecoin. In a tweet published on 12 November Akropolis stated: We recently identified a hack executed across a body of smart contracts in the “savings pools” that have been audited twice. We are...Read More
DeFi’s growth this year has been staggering. Towards the start of the year, DeFi’s total value locked (TVL) had managed to hit the $1 billion mark. However, over the next 9 months, DeFi’s TVL jumped to $13.5 billion. Interestingly, the past month saw the DeFi hype slightly die down, and during the course of October,...Read More
Over the past few years, Bitcoin’s popularity has taken flight, with the cryptocurrency a well-known asset in the financial industry today. While it has become fairly common to talk about Bitcoin, fundamentally, it remains dissimilar to any other asset class. One factor that completely distinguishes Bitcoin from other asset classes is its supply distribution that...Read More
What are your top 3 answers to the question, “Why would institutions even want to invest in Bitcoin?” Bitcoin has a good track record and it outperforms equitiesYeah, Bitcoin has outperformed almost every asset out there that has a history. It has done this within a span of a decade, give or take 2-3 years....Read More
While most of 2020 meant uncertainty and consolidation for Bitcoin, the past few weeks saw the cryptocurrency in good stead from a trading price point of view. Not only did Bitcoin’s price manage to stay above the crucial $15k-price level, but it also briefly breached the $16k-mark, before falling again. Source: Coinstats While there has...Read More
