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“# Bullish or bearish? PayPal hosts $242M in crypto trading over 24 hours ” Global payments provider PayPal has doubled its previous crypto volume record, with $242 million worth of digital assets changing hands on the platform during Jan. 11. According to crypto market data aggregator Nomics, yesterday’s trading dwarfed PayPal’s previous volume record of…
“# Blockstream expands Liquid Federation, but LBTC adoption remains slow ” Blockstream has added six more members to the federation that governs Liquid, the firm’s Bitcoin sidechain for inter-exchange settlement network. The six new Liquid Federation members include Bitcoin web wallet Coinos, crypto custodian Komainu, network privacy firm Nym, blockchain development company Vulpem Ventures, broker…
“# Analysts say Bitcoin price drop to $30K was ‘healthy and necessary’ ” The euphoria in the cryptocurrency market was quelled on Jan.11 as the majority of altcoins saw their prices decline by more than 20% as Bitcoin price sold off sharply. After falling below the $40,000 support level on Jan. 10, selling pressure for…
“# Profit taking? Institutional crypto fund inflows drop 97% in three weeks ” Capital inflows into crypto funds and investment products plummeted during the first week of January after posting new all-time highs in late-December. According to crypto fund manager CoinShares’ Jan. 11 Digital Asset Fund Flows report, the first week of trading in the…
“# Hold your horses! $9K Bitcoin price drop not a trend change, data says ” After Bitcoin (BTC) price flirted with a $42,000 all-time high on Jan. 8, it stabilized in a tightening range between $39,000 to $41,500 for two days and the pennant structure on the shorter-term timeframes hinted that a breakout to $45,000…
“# Bitcoin’s recent correction could be retail-driven, Nexo CEO speculates ” The price of Bitcoin (BTC) has dropped substantially since Jan. 8, totalling a decline of more than $10,000 at time of publication. Retail investors could be part of the rationale behind the drop, according to Nexo CEO Antoni Trenchev. “The price correction we’re seeing…
“# Price analysis 1/11: BTC, ETH, XRP, LTC, BCH, ADA, DOT, LINK, BNB, XLM ” After an incredible run-up to nearly $42,000, Bitcoin (BTC) price finally entered a significant correction, and at the time of writing the price is down by about 18%. While the swift drop to $30,402 may not induce sleepless nights from…
“# Mark Cuban says crypto is ‘exactly like the internet stock bubble’ ” Billionaire entrepreneur Mark Cuban says the cryptocurrency market is “exactly” like the dot-com bubble of the late-1990s and early 2000s. His statement seems to signal that digital-asset valuations may implode once investor exuberance runs out. “Watching the cryptos trade, it’s EXACTLY like…
“# Bitcoin’s short-term price trajectory could be bleak, says Celsius CEO ” Healthy price corrections are generally part of market bull runs. With one such drop currently underway, Celsius’ CEO Alex Mashinsky thinks $16,000 could be in the cards. “I have been predicting that Bitcoin and many altcoins will hit new all-time highs during 2021…
“# Buy the dip? Bitcoin price risks losing $30K as traders ‘manage risk’ ” Bitcoin (BTC) hodlers got a serious test of their resolve on Jan. 11 as the largest cryptocurrency approached $30,000. Cryptocurrency market overview on Jan 11, 2021. Source: Coin360 BTC price hits $30,250 Data from Cointelegraph Markets, Coin360 and TradingView showed BTC/USD…