Bitcoin rapid price fluctuations suggest that people should think before pouring money into the cryptocurrency. Some financial experts believe one may lose money if one does not understand crypto assets before investing. On Friday, the price value of the high-flying crypto recorded $41,973. After reaching high, it then crashed by 15% on Monday, thus liquidating […]
Similar to Grayscale’s Bitcoin Trust, Osprey has launched its product known as OBTC. Grayscale’s competitor is now in the market, but we will see whether it become successful in catching the attention of wealthy investors or not. Competitor of Grayscale OBTC is an over-the-counter trust, which will function similarly to GBTC. According to the company, […]
On-chain metrics show miners have generated a lot of revenue from the ongoing Bitcoin rally- from $20,000 to above $40,000. The diversity in the mining infrastructure is a good thing for the network’s security. Record Increase in the Past Two Years Analytics firm Glassnode revealed over Twitter that “cumulative” miner revenue has crossed above $20 […]
New data shows that only whales are taking profit from the volatile price movements of Bitcoin. The BTC holdings are moving from small retailers into the wallets of millionaires. Whales are “Buying the Dip” Data analytics firm Glassnode reveals that people whose wallets contain more than 1,000 BTC are purchasing the top digital asset during […]
Bitcoin has not only attracted the attention of asset management firms but also endowments and pension funds. After the top digital asset claimed $42,000, some crypto experts claim it would attain a $1 trillion market cap soon. Allocations are Increasing Bloomberg reported that money in Bitcoin is now coming from pension funds, hedge funds, endowments, […]
The price value of Stellar (XLM) doubles over the day thanks to the Securities and Exchange Commission’s lawsuit against San Francisco-based Ripple. CoinMarketCap data places XLM at $0.38 as it surges by over 100% in the last 24-hours. Due to outstanding performance of the cryptocurrency, the market capitalization has reached above $7 billion. Some market […]
The decentralized sector is booming thanks to price hike and institutional investments. The latest on-chain data shows the total value locked over decentralized platforms have reached $20 billion, all-time high value. According to on-chain provider DeFi Pulse, the total value locked in DeFi has claimed the figure of $20 billion. TVL was hovering around $10 […]
Largest digital asset management firm Grayscale has decreased its holdings of XRP and XLM. The reduction in XRP holdings comes as a result of SEC’s lawsuit. Reduction of over 8.18 Million XRP According to the data provided by crypto futures platform Bybt, Grayscale has reduced its XRP holdings by over 8.18 million. After the reduction, […]
After news of a lawsuit against Ripple broke out, some crypto trading platforms at a small level decided to stop offering services for XRP. But today, Bitstamp has become the first major cryptocurrency exchange to stop trading of the fourth-biggest cryptocurrency. Only for US Customers According to Bitstamp’s announcement, the exchange will halt trading services […]
In the daily trading session, Bitcoin topped another all-time high value after claiming $24,500. This is the Christmas gift for traders and investors who are waiting for the BTC breakout. As per the data of CoinMarketCap, the price value of the top digital asset has once again reached above $24,000. Currently, the price of the […]
In the daily trading session of December 22, the price value of Bitcoin has claimed a high point of $623,600 over crypto trading sites. As per the claim of financial experts, the coming US Coronavirus stimulus package is the major reason for pushing the price value upward over the daily trading timeframe. The market condition […]
The supply of Bitcoin over cryptocurrency exchanges is decreasing as people are storing it for a long time. The market observers claim declining BTC supply is bullish as it will create an effect of scarcity. According to Rafael Schultze-Kraft, the chief technology officer at Glassnode, investors and traders are not paying attention to decreasing supply, […]
As many popular personalities in the traditional space and crypto world say Bitcoin would take the place of gold as a hedging instrument, investment giant Goldman Sachs disagrees with this and claims both, Bitcoin and gold, can coexist. The financial giant does not admit that gold would lose its value in front of the top […]
Blockchain-inspired tech entrepreneurs believe that the voting system in the future will utilize blockchain in the process to avoid rigging and to promote transparency in the whole process. The opposition party in Venezuela held a successful blockchain voting in which millions of citizens cast their votes. Unofficial Referendum The unofficial referendum was held by the […]
Bitcoin just witnesses $20,000 over cryptocurrency exchanges for the first time in its entire history since its creation. There is a lot of difference between the current bull run and the bull recorded in 2017 as there was the only rush of retail traders at the time, but now the situation has totally changed with […]
While a majority of market observers predict bullish positions in the future, there are some personalities who speculate bearish levels as a result of massive cash out. A prominent BTC whale with the Twitter name “Joe007” outlines various reasons behind the expected bearish situation. He is a well-known whale who has possession of a large […]
According to the latest on-chain reports, BTC held over cryptocurrency exchange has reached two-year lowest position. While addresses holding at least one Bitcoin has also claimed an all-time high value. Since February 2020, the BTC balance sheets of cryptocurrency exchanges have been decreasing. As per the data revealed by on-chain analytics firm Glassnode, Bitcoin over […]
The former governor of China’s central bank claims that China has no plan to replace fiat currencies as it will facilitate Chinese consumers in cross-border payments. As reported by the South China Morning Post, former governor of People’s Bank of China, Zhou Xiaochuan, China’s digital yuan is not created to take place of the world’s […]
After spike volatility over the last week, Bitcoin is again moving upward as its current price value is standing at $19,162. In the latest downfall, the support at $19,000 broke down as a result of bearish pressure but the price tag did not go below the 100-days moving average which is a great accomplishment. The […]
After expressing a bullish performance in the recent few weeks, the world’s leading digital currency has decoupled from gold. Market analysts believe Bitcoin could perform better than gold and is able to gain the market cap of $9 trillion. Correlation Between Both Has Ended In the last quarter of 2020, the flagship digital currency has […]
