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“# Huobi Global now supports ruble deposits and withdrawals ” Major global cryptocurrency exchange Huobi is introducing Russia’s national fiat currency on its trading platform. According to a Jan. 12 announcement, Huobi Global now supports deposits and withdrawals in the Russian ruble. The new feature enables users to purchase and sell major cryptocurrencies like Bitcoin…
“# Altcoins move higher while Bitcoin price finds resistance near $35,000 ” On Jan. 12 Bitcoin (BTC) price rebounded slightly as the price attempted to re-enter the $37,000 range but at the time of writing increased selling is pushing the price back toward the $32,000 mark. While the bearish price action may have shaken out…
“# 3 Bitcoin price indicators prove pro traders are still bullish on BTC ” This week’s $11,000 drop occurred in just 32 hours and this definitely an important milestone for Bitcoin (BTC) price. Many mainstream media outlets perceived the correction as the start of a new bear market but data simply does not support this…
“# Here’s why IOST, Horizen (ZEN) and Avalanche (AVAX) surged as Bitcoin crashed ” Bitcoin’s (BTC) recent plunge could have been caused due to profit-booking by institutional investors, according to a report by crypto fund manager CoinShares. The report noted a sharp drop in institutional inflows during the first week of the new year and…
“# Goldman Sachs says Bitcoin is on the path to maturity ” In an interview with CNBC, Currie said Bitcoin’s remarkable run has attracted greater institutional interest, but noted that smart-money investors are still a tiny fraction of the overall market. They will need to come in droves for Bitcoin to become a stable asset…
“# Winklevoss brothers top Forbes Bitcoin billionaires list ” Major business magazine Forbes has featured Gemini co-founders Cameron and Tyler Winklevoss as the richest Bitcoin (BTC) billionaires. Compiled by Forbes crypto-focused reporter Michael del Castillo, the ranking provides a list of Bitcoin investors that won the most from Bitcoin’s massive surge up to $42,000 in…
“# Bakkt has no plans to support XRP, says CEO ” Bakkt, one of the biggest cryptocurrency companies in the United States, will not support XRP as part of its further product development, according to the CEO. On Jan. 11, Bakkt CEO Gavin Michael sat down with the Axios Re:Cap podcast to discuss the mainstream adoption of…
“# Grayscale reopens crypto trusts for investment as Bitcoin price climbs ” Digital asset investment manager Grayscale has resumed accepting new investments into almost all of its cryptocurrency trusts. The investment manager had paused new inflows into six of its trusts in late December 2020, just as the six-month lock-up period for selling recently-purchased shares…
“# XLM re-enters top-10 coins by market cap after surging nearly 30% ” Stellar Lumens (XLM) is now the ninth-largest cryptocurrency by market capitalization, overtaking Chainlink (LINK) and Binance Coin (BNB), according to data from major crypto tracking website CoinGecko. At publishing time, Stellar’s market cap amounts to $6.6 billion, while LINK and BNB’s market…
“# 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…