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
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
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
Former Fed governor Kevin Warsh believed that US dollar is losing value and this situation seems to be affecting Bitcoin in a positive way. Kevin Warsh was a governor of the Federal Reserve System during and in the aftermath of the 2008 financial crisis. In a recent interview on CNBC’s Squawk Box, the former government...Read More
There were significant positives for Ethereum in 2020, with the world’s largest altcoin stepping into 2021 on the right foot. Between the 1st and 3rd of January, the cryptocurrency’s value hiked from $725 to $990, with the following day seeing ETH touch a high of $1169 too. CoinMetrics’ recent report illustrated Ethereum’s maturity in the...Read More
The crypto-derivatives market was largely successful in 2020. While Bitcoin Futures have been in the limelight a lot due to the CME’s growth, Bitcoin Options stole the show with its consistent run throughout the course of 2020. However, its magnification goes beyond the regular interest of traders, with other factors playing a vital role in...Read More
With Bitcoin’s price rallying across spot exchanges, the estimated leverage ratio across exchanges is falling too. The leverage across exchanges has dropped lately, especially since the price crossed $25,000, and a drop in leverage indicates that retail traders are being careful about every move made in the market. In fact, they are especially careful about...Read More
Bitcoin investors, those who were around for the 2017 bull run, the price drop that followed in 2018, and who later survived the Black Thursday crash of March 2o20, understand how Bitcoin’s market cycles work. Though the ongoing price rally has kept Bitcoin traders on their toes, one can argue that the market cycles haven’t...Read More
Most of the market’s altcoins, including the likes of EOS, Ontology, and Cosmos, were flashing green at press time, with Bitcoin’s movement past the $35,000-mark giving the market a lot of bullish momentum. However, some signs suggested that EOS might not be able to sustain its momentum in the near-term. EOS Source: EOS/USD, TradingView While...Read More
In the last hour, several users have reported on Twitter that crypto exchange Coinbase’s website is not accessible. Moreover, according to the latest incident report, the Coinbase team notified users that the exchange was experiencing certain connectivity issues on the exchange’s website as well as the Coinbase mobile app. The incident report was posted on...Read More
Bitcoin set a new ATH of more than $35,000 on 6 January shortly after breaching the previous record high of $34,500 mark. This is much more than what Bitcoin cost in March 2020 which was around $3800. Many in the crypto economy believe that this year might see BTC touching a six-digit number. Moreover, on-chain...Read More
Synthetix and Loopring followed market frontrunners Bitcoin and Ethereum‘s suit by surging on the price charts, before minor corrections halted their movements. On the contrary, Stellar Lumens was having a field day on the charts, with more upside projected in the short-term. Stellar Lumens [XLM] Source: XLM/USD, TradingView Stellar Lumens has been outperforming on the...Read More
On the one hand, Bitcoin’s price breaking above $34,000 and $35,000 might have started an endless debate on whether there will be a spillover to other cryptocurrencies or not. On the other hand, another critical debate relates to the whale movement associated with the market’s top cryptocurrencies. This is a crucial debate, especially since the...Read More
With the crypto-market booming, regulatory clarity is increasingly becoming the need of the hour. However, most countries have struggled to provide any degree of clarity, with the United States of America being one of them. However, while there are many who want such clarity, there are others who are balking at the need for more...Read More
Since the introduction of FinCEN’s proposed rule on 23 December 2020, many entities in the crypto-space have issued statements fiercely opposing it. The latest crypto-company to issue a statement is popular Bitcoin ATM operator CoinFlip, with the company coming out against the U.S Treasury’s proposed rule. “The agency’s self-imposed rush has resulted in a flawed...Read More
Binance Coin and Dogecoin entered a consolidation phase on the price charts after a solid start to the year, while IOTA projected upside movement as buyers took control of the market. Binance Coin [BNB] Source: BNB/USD, TradingView Binance Coin seemed to be noting a minor pullback after breaching its all-time high a couple of days...Read More
With Bitcoin continuing its impressive rally on the price charts, investors all around the world are participating in trading the digital asset. On the back of the world’s largest cryptocurrency recording a new ATH beyond $35,000, this is likely to be the case in the near-term as well. Europe is no exception to this rule,...Read More
It’s not a great time if you’re a Republican, but it’s even worse if you’re a Trumpian Republican. And, it would seem that the former Bakkt exec Kelly Loeffler is finding that out in the hardest way possible. At the time of writing, Loeffler was projected to have lost her seat to Democrat Raphael Warnock...Read More
Bitcoin’s price seems to be showing no signs of stopping any time soon. After having breached one resistance level after another over the past few weeks, Bitcoin today breached another, the $35,000-mark, attaining yet another ATH in the process. Bitcoin’s latest price surge came on the back of an 8.9% surge over 12 hours. It...Read More
Macro investor Raoul Pal, CEO and Co-Founder of Real Vision Group thinks Bitcoin will soar to $1 million in roughly five years’ time. He believed that with the asset’s restricted supply, market demand will always be in Bitcoin’s favor. The former Goldman Sachs investment banker claimed that Bitcoin’s price-performance will continue to draw more interest...Read More
Blockstream’s CSO, Samson Mow, thinks that institutional investors decide to buy Bitcoin regardless of its price movements. The Bitcoin maximalist took to Twitter on 5 January to explain that entities seeking to buy the digital asset do not plan to buy BTC at a particular price. Instead, heads of such institutions plan to purchase a...Read More
A few of the market’s altcoins like Polkadot and FTX Token rose to record levels over the last few trading sessions, while Bitcoin Cash was registering a correction, one that saw the price move towards the $415-mark. Bitcoin Cash [BCH] Source: BCH/USD, TradingView A look at Bitcoin Cash’s 4-hour chart showed that the cryptocurrency was...Read More
Banks in Sweden are now concerned with regard to the country’s proposed CBDC project, the e-krona, which they believe could have a significant impact on their industry. Sweden, which is seeing a decline in the use of cash for payments, is set to finalize a decision on whether to pursue its CBDC, the e-krona, by...Read More
The circulating supply of Bitcoin, at press time, was 18,591,375 ~ 18.6 million. That is close to 88.6% of the total supply. Now, even though each token is worth close to $31k, understanding the state of liquidity gives a better perspective of its value. According to Glassnode’s latest report, illiquidity is on a rise in...Read More
Justin Sun, Founder and CEO of TRON, recently took to Twitter to dispel rumors that Tron was in the middle of extensive regulatory scrutiny in the United States and China. According to Sun, neither the TRON Foundation nor BitTorrent has received any notice of regulatory proceedings from any regulatory agency, with the exec adding, “We...Read More
Some of the market’s altcoins like Monero and Dash failed to recoup their losses after Bittrex’s delisting announcement last week. However, XMR and DASH weren’t the only ones as Ethereum Classic too projected a southbound move as the market bears sought control of the prices. Monero [XMR] Source: XMR/USD, TradingView Monero seemed to be reeling...Read More
The previous year witnessed significant growth in decentralized applications. Total locked value locked (TVL) across all DeFi apps had hit $1 billion at the beginning of January 2020. A year later, DeFi TVL in dollars amounted to $18.3 billion, at press time, according to DeFi pulse. Image Source: DeFi Pulse Although Bitcoin attracted several major...Read More
After Bitcoin retraced some of its gains over the last 24 hours, altcoins like BAT and Zcash followed suit and suspended their own northbound movement, entering a consolidation phase on the price charts. Finally, Litecoin was projected to move slightly lower on the charts too. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin picked up steadily on...Read More
