Bitcoin has proved itself to be a supreme store-of-value in this pandemic-ridden world. But can the world’s first cryptocurrency flip the US Dollar to become the ‘global reserve currency’? The US Dollar Has Been The Global Reserve Currency For 100 Years Now Ruchir Sharma, Morgan Stanley Investment Management’s chief global strategist, went candid in his...Read More
Bitcoin demand is not only expanding among individual traders and crypto enthusiasts, but has also managed to attract institutions, hedge funds, and corporates. Many traditional financing institutions have included Bitcoin in their portfolios and are increasing their hold on Bitcoin. Now that there is less than 2.434 million Bitcoin left to mine, the race to...Read More
Bitcoin visited $17,600 and rebounded to $18,300 at the time of writing. The altcoin market followed Bitcoin’s price movement over the past few hours. Tezos tested support at $2, and FTX Token saw a decline to $4.08 before bulls pushed the price upward to $4.27. Crypto.com Coin appeared to resume the previous bearish trend that...Read More
Bitcoin has established itself as a profitable investment asset and it is becoming more evident as more institutions flock to include the digital asset in its portfolio. According to Bitcoin Treasuries, companies including, Grayscale, MicroStrategy Inc., Square Inc. together own a sum of 0.888 Million BTC or 888k BTC. This value is expected to only...Read More
The bearish market sentiment was reflected by Litecoin and IOTA as they dropped strongly beneath support over the past 24 hours. Synthetix has not seen much buying volume over the past few weeks and could see a deeper correction. Litecoin [LTC] Source: LTC/USD on TradingView LTC saw the $80 support lose its footing decisively over...Read More
Bitcoin dominance rose marginally to 64%, meaning that the altcoin market was dropping in value slightly faster than Bitcoin over the past few hours. Polkadot and Steem showed strong bearish momentum as they lost important levels of support to the bears in the last few hours. Ethereum Classic reflected market sentiment and posted losses as...Read More
Bitcoin’s price seems to be losing its foothold as the price suffered a drop of 5% in the last 8 hours. Considering the situation more of this could follow. How much? Perhaps, an average drop of 30% can be expected, especially during bull runs. Bitcoin Corrections Historically, bitcoin seems to correct during bull runs and...Read More
Trading in various financial products has taken a new turn over the last few years, with the financial landscape becoming increasingly available to retail investors. In order to cater to such needs, various platforms have taken the step forward, in order to provide the best services. In light of that development, ROinvesting is quickly becoming...Read More
Why Bitcoin will replace US Dollar as the World’s Reserve Asset is as much a story of the United States Dollar, as it is of Bitcoin. It started when United States GDP was a third of the world’s GDP and even larger when it comes to the manufacturing sector, at the close of the second...Read More
Traders who witnessed Bitcoin’s 80% drop in price following the 2017 Bull Run to ascent from $1000 to new ATH of $19891.99 on Coinbase in 2020 have seen it all. The rally of massive volatility, the quiet rally and the quietest ever rally. Despite the media attention, a certain degree of hype on social media,...Read More
The major UK financial institution Standard Chartered has partnered with Northern Trust on the launch of their mutual cryptocurrency-related project Zodia. Launching a Cryptocurrency Custody Business for Institutional Investors According to an official press release, the innovation and ventures unit of Standard Chartered, SC Ventures, has formed a partnership with Northern Trust – a Chicago-based financial...Read More
The cryptocurrency community has been building a self-sustaining ecosystem to make users financially independent. On one hand, it has been looked upon as an alternative to the current financial system, on the other, notorious groups have been making use of cryptocurrencies only to have regulators label them a potential threat. Illicit use includes hacking and...Read More
After a week of choppiness around $19,000, Bitcoin dropped beneath $18,600 and was trading at $18,135 at press time. Binance Coin looked set to drop to support at $26.7. Monero, one of the strong performers over the past couple of volatile weeks, would seek to halt losses at $127. Dogecoin saw a breakout to the...Read More
Yearnify Finance is considered one of the most innovative sources of passive income by most of the investors. It has drawn attention due to its potential high returns and extreme security majors What is Yearnify Finance? Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon...Read More
Bitcoin dropped from $19,156 to $18,248 at press time, marking close to 5% loss over 24 hours. The altcoin market reacted by posting losses as well. Chainlink could see a bounce off the $11.9 level of support before another move downward, while Bitcoin SV appeared to lose the $172 level to bears. EOS was unable...Read More
One of the leading International banking groups, Standard Chartered has taken its first step towards cryptocurrency. Its innovation arm, SC Ventures announced a partnership with Northern Trust to launch an institutional-grade custody solution for cryptocurrencies, called Zodia Custody. Many banking groups around the world have already ventured into crypto in some form or another. Reports...Read More
Bitcoin shed nearly 3% in a matter of hours following a move down from $19,298 to a low of $18,700. This affected the rest of the market as well. Binance Coin dropped beneath a level of support at $29 and could be set to retrace all the gains of the past couple of weeks to...Read More
According to an official press release from today, U.S.-based financial services company Square has launched a new initiative for the firm to become net-zero carbon for operations by 2030. Square Invests $10 Million As a part of the plan, the Jack Dorsey-led company will allocate $10 million to its Bitcoin Clean Energy Investment Initiative, which...Read More
Bitcoin has posted excellent gains on its way to ATH but the momentum stalled over the past week. At press time BTC was trading at $18,803 with a market cap of $349 billion. Source: CoinStats This sideways movement of both Bitcoin and Ethereum prompted the altcoin market to shed value. Polkadot was likely to begin...Read More
Will DeFi with its inverse BTC correlation eat Wall Street? In his latest tweet, Tyler Winklevoss of Gemini Exchange mentioned that “DeFi is the software that is starting to eat Wall Street”. Since DeFi’s market capitalization is still one-third of XRP’s market capitalization there may be room for growth. As Tyler argues, DeFi may eat...Read More
With the collective digital asset market showing little change over the past week, Ethereum too was victim to the same. Ether value ranged roughly between $565 and $620, maintaining position between the set of resistance and support. Indicative of another bearish turn, we analyzed Ethereum’s long-term chart to figure out its immediate trading range in...Read More
Another weekend for Bitcoin’s price action has passed quietly. The entire week, as Bitcoin’s price hit new ATH, there was the anticipation of the price crossing $20000. There was an increase in percent active supply and the increasing liquidity by whales was balanced by retail and institutional buying. In the past week, the price increased...Read More
Ethereum has been dormant in the short-term, and Bitcoin Dominance has also been relatively flat over the past few days. The altcoin market was waiting for a breakout or breakdown. Bitcoin SV faced strong resistance from $180, while EOS tried weakly to get past the $3 level of resistance, a move that would signal a...Read More
Ethereum is the most dominant cryptocurrency among the Top 4, based on activity, updates and the highest Github submission rate. The development team of Ethereum makes daily routine submissions that make it the busiest cryptocurrency that ranks #2 based on market capitalization. Despite its dominance, there are a few challenges facing ETH 2.0’s further growth. As...Read More
Let’s pick up where MicroStrategy left off – their additional purchase of bitcoin, which leaves them with a total of 40,824 BTC. While this may be bullish for bitcoin and everyone in the ecosystem, we don’t realize what this implies, so, let’s take a look at what this means. Grayscale Grayscale Investments has been at...Read More
SBI Holdings has already established itself as a major player in the world of cryptocurrency teaming up with Ripple. Now, the banking giant has announced through its subsidiary SBI Digital Asset Holdings a joint venture with Switzerland-based SIX Digital Exchange. The announcement noted that the joint venture was aimed at driving institutional digital asset liquidity...Read More
Binance has been expanding its peer-to-peer trading list. It has announced the addition of not one but four fiats to its P2P trading platform. It has now added Myanmar Kyat [MMK], Lao Kip [LAK], Cambodia Riel [KHR], and Sri Lanka Rupee [LKR] and these fiats will trade against Bitcoin [BTC], Tether [USDT], Ethereum [ETH], Binance...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The Litecoin market has been continuously swinging and is now slowly moving upwards. The current price of the digital asset was $83.37 and has been flirting with the resistance at $84.21. Despite the rising...Read More
Facebook has been having a tough time dodging lawsuits with respect to its crypto-project. The social media giant rebranded its crypto project from Libra to Diem and announced it on 1 December. However, this rebranding has resulted in another lawsuit lining up from a London-based Fintech company. According to reports, Diem, a London Fintech startup...Read More
Ethereum has been trading just beneath the $600 mark over the past few days. This sideways movement was reflected in the altcoin markets as well. Bitcoin Cash and Tron traded with very little vertical momentum on the charts in the past week. Zcash did not see good buying volume even as it defended a level...Read More
