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“# 5 reasons why Bitcoin price just reclaimed $33,000 ” Two weeks ago, few investors would have expected Bitcoin (BTC) price to rally any higher than $20,000. In fact, most had forecast a $30,000 BTC price by mid-2022 or late 2023 at best. This means that many holders were likely caught by surprise as BTC price…
“# XRP whales are sinking fast ” Wallets holding oversized XRP positions are plunging quickly in the wake of the United States Securities and Exchange Commission’s lawsuit against Ripple. Industry data reveals just how quickly these so-called XRP whales are sinking. Coin Metrics, a leading data provider on all things cryptocurrency and blockchain, estimated that…
“# Telling the truth? How crypto data aggregators fight fake exchange volumes ” Today, cryptocurrency data aggregators are tasked with being the first point-of-contact for newbies entering the space and also providing up-to-date information to experienced users. While the COVID-19 pandemic has caused a global economic downturn, the crypto industry is booming. Previously skeptical investors…
“# XLM price gains 30% in a day as positive sentiment shifts from XRP to Stellar ” Stellar (XLM) is winning the battle of the blockchain payment networks against Ripple this week as sentiment flips in its favor. Data from monitoring resource The TIE confirms that long-term sentiment towards XLM is now higher than towards…
“# Bitcoin could hit $146K long-term by ‘crowding out gold,’ says JPMorgan ” Drawing parallels between Bitcoin (BTC) and gold’s role as a hedge for investors has been popular for years. Until now, the stark discrepancy in the total market capitalizations of the two assets has limited these analogies to a significant extent. Gold, even…
“# Jack Dorsey warns that FinCEN regulations will drive crypto users offshore ” Major U.S crypto firms are rallying against FinCEN’s proposed regulations that would force businesses operating with crypto to gather information on the identities of non-customer counterparties. A Jan. 4 letter from Jack Dorsey, CEO of financial services firm Square takes aim at…
“# Price analysis 1/4: BTC, ETH, XRP, LTC, DOT, BCH, ADA, BNB, LINK, BSV ” Bitcoin (BTC) price plunged by about $3,400 in an hour, warning traders that corrections during a parabolic move are likely to be sharp. Data from Glassnode shows that the fall resulted in the liquidation of Bitcoin futures long positions worth…
“# What lies ahead for crypto and blockchain in 2021? Experts answer ” It would be fair to admit that after 2020 and all it has put us through, making any predictions for the upcoming year is most likely to be a game of blindfold. Meanwhile, I am certain that humanity has much to learn…
“# 5 factors show bulls control Ethereum price even after a 26% correction ” On Jan. 4, Ether (ETH) price rallied to $1,160, which was followed by a 24% correction within the following four hours. What is clear is that investors are anxiously awaiting the CME’s ETH futures launch, which is scheduled for Feb. 8….
“# Bitwise AUM surpasses $500 million as institutions flock to crypto ” Leading crypto fund manager Bitwise Asset Management reached a major milestone in the fourth quarter of 2020 as inflows into its products surged to new record highs, underscoring heightened institutional demand for digital assets. The firm’s assets under management, or AUM, surpassed $500…