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“# THORChain (RUNE) rallies 35% as the entire DeFi sector turns bullish ” In the past week, a large number of altcoins have broken from their sideways ranges to post double-digit gains and it appears that investors are interpreting the current trend as a new ‘altcoin season’. As historical data shows, these altcoin breakouts typically…
“# Traders flock into altcoins as Bitcoin price trades sideways ” The bullish momentum seen throughout the week has spilled over into the weekend as the majority of the top-100 tokens listed on CoinMarketCap are posting double-digit gains. Bitcoin (BTC) entering a brief consolidation period and the possibility of a third round of stimulus checks…
“# As Biden preps $3T stimulus, Bitcoin could be set to erupt ” The incoming Biden administration’s plan to flood the U.S. economy with trillions of dollars could ignite the next leg of the Bitcoin (BTC) bull market, as more investors seek refuge from a crumbling United States dollar. Axios, an Arlington-based news outlet, reported…
“# Altcoins sell-off as traders jostle to hold Bitcoin price above $40K ” Altcoin’s recent gains have come under pressure as Bitcoin (BTC) price dropped to retest lower support levels after reaching a new all-time high at $41,940. Following Bitcoin’s Jan. 7 push above $40,000, the top cryptocurrency faced selling pressure that saw the price…
“# Price analysis 1/8: BTC, ETH, XRP, LTC, ADA, DOT, BCH, XLM, LINK, BNB ” Bitcoin (BTC) again rose to a new all-time high on Friday as bulls continued to buy on every minor dip. As the price reached a new high, Bitcoin’s market capitalization soared above $775 billion, taking it past Facebook’s market cap,…
“# Pension funds are getting in on Bitcoin, according to Grayscale ” Grayscale’s newly-appointed CEO Michael Sonnenshein told Bloomberg Thursday that pension funds and endowments are investing actively into the Grayscale family of funds. He explained: “We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from, but…
“# DeFi integration and layer-2 tech back Matic Network’s (MATIC) 92% rally ” The exponential growth of the decentralized finance sector increased activity on the Ethereum blockchain, and this has resulted in slow transaction times and incredibly high fees. In the last month, Ether (ETH) price has also rallied more than 100%, and gas fees…
“# As gold crashes, Jim Cramer says money is ‘all going to crypto’ ” As the price of gold plunged on Friday, CNBC’s Jim Cramer said the rise of crypto may partly explain the sudden disinterest in the precious metal — a potential sign that the mainstream has flipped the script on Bitcoin (BTC) and…
“# The rise of crypto: Bitcoin sets landmarks but alts can go independent ” On Dec. 8, exactly one month ago, Bitcoin was hovering around the $18,700 range, with many analysts debating as to whether the flagship asset would be able to sustain its bullish momentum and cross its all-time high value close to $20,000….
“# Tezos (XTZ), Synthetix (SNX) and Yearn.finance (YFI) lead the DeFi revival ” The strength of Bitcoin’s (BTC) uptrend appears to be growing as the top-ranked digital asset soared above $40,000 earlier today. It’s probably safe to say that many investors are completely astounded by the fact that BTC has doubled its value only a month…