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“# When ‘alt season?’ Now, says analyst as Bitcoin dominance hits 6-month low ” Bitcoin (BTC) now accounts for less than 60% of the total cryptocurrency market capitalization, heralding the arrival of “alt season 2.0.” In a tweet on March 29, analyst Filbfilb, co-founder of trading suite Decentrader, announced that conditions were finally right for…
“#Visa allows paying off credit card bill with cryptocurrency” Visa said Monday that it will allow the use of cryptocurrency USD Coin to settle up transactions in its payment network, the latest indication of the growing acceptance of digital currencies by the mainstream financial industry. Visa has launched the pilot program with payment and crypto…
“# South Korea’s ‘Kimchi premium’ is back: Is the Bitcoin rally starting to heat up? ” The “Kimchi premium” is back. Bitcoin (BTC) is trading by more than 6% higher across major South Korean crypto exchanges as of March 29. Data from CryptoQuant show that the premium in the South Korean market was non-existent for…
“# Stablecoin reserves on crypto exchanges hit new historic high of $10B ” Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on March 28, exceeding $10 billion….
“# Crypto mergers and acquisitions doubled to $1.1B in 2020, PwC reports ” The consolidation of cryptocurrency-related companies surged massively in 2020, hitting a new record in deal activity, according to a new report by professional services network PwC. The total volume of mergers and acquisitions in the crypto industry more than doubled from $481…
“# 90% of Bitcoin mining comes from ‘dirty energy,’ Miami mayor says ” The majority of Bitcoin (BTC) is mined outside of the United States using “dirty energy,” Miami Mayor Francis Suarez has claimed. Suarez discussed the environmental implications of Bitcoin mining in a March 26 episode of the Unconfirmed podcast with cryptocurrency journalist Laura Shin….
“# Norwegian billionaire ditches skepticism, invests in local crypto exchange ” Within the same month, Norwegian billionaire investor Øystein Stray Spetalen has gone from dismissing Bitcoin (BTC) as a “nonsense currency” to revealing that he has joined the board of Norway’s top domestic crypto exchange MiraiEx. Spetalen’s former position was that cryptocurrencies such as Bitcoin…
“# ‘Still early’ for BTC price peak: 5 things to watch in Bitcoin this week ” Bitcoin (BTC) starts a new week in all-too-familiar territory with all-time highs just out of reach. After a positive weekend, the largest cryptocurrency has avoided a deeper price dip than that seen last week, and $50,000 has stuck as…
“# Top 5 cryptocurrencies to watch this week: BTC, KLAY, VET, SOL, KSM ” In trading, selling a position is as important as buying it at the right time. Therefore, the big question that could be troubling traders is whether or not Bitcoin (BTC) price will enter a bearish phase or will the bull run…
“# Bitcoin HODLers are not selling: Inactive BTC supply hits 3-month low ” Long-time Bitcoin (BTC) HODLers are refraining from selling their holdings, on-chain data from Glassnode shows. According to Glassnode’s “BTC Percent Supply Last Active 2+ Years” indicator, Bitcoin that was last moved well over two years ago reached a three-month low to 45.364%….