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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…
“# 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…
“# 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…
“# Ethereum price tumbles to $915, but traders are bullish for 4 key reasons ” The past week has been an emotional rollercoaster for Ether (ETH) traders, as there were seven four-hour candles of a 10% or larger price movement. Furthermore, the most recent 30% drop to $920 triggered $550 million in liquidations on long…
“# Korea’s Shinhan Bank makes strategic investment in crypto custody consortium ” Shinhan Bank, the oldest banking institution in South Korea, continues its efforts to introduce digital asset custody services with a new investment. According to a Jan. 7 report by news agency Yonhap, Shinhan Bank has invested in Korea Digital Asset Trust, or KDAC,…
“# South Korean gaming conglomerate Nexon denies plans to acquire Bithumb ” Major gaming conglomerate Nexon will not be acquiring leading South Korean crypto exchange Bithumb, as previously alleged in local media. In an email to Cointelegraph, a representative for Nexon said that the firm “has not invested in Bithumb and has no plans to acquire…
“# Solana (SOL) trading volume soars as DeFi investors seek ETH alternatives ” 2021 got off to a quick start and the current crypto bull market has seen assets like Bitcoin (BTC) and Ether (ETH) shoot to new all-time highs on an almost daily basis. While new price highs are positive for investors, they do…
“# Top 5 cryptocurrencies to watch this week: BTC, ADA, EOS, THETA, AAVE ” During an interview with Bloomberg, Grayscale CEO Michael Sonnenshein said that in addition to hedge funds, pension funds and endowments had also started investing in the Grayscale family of products. This suggests that a broad spectrum of institutions are accumulating Bitcoin…
“# Key Bitcoin price metric signals BTC may be near a local top ” According to data from CryptoQuant, miners appear to be selling large amounts of Bitcoin (BTC). Historically, heightened selling pressure from miners marked a local top and led to sharp, prolonged corrections. BTC/USDT 1-hour chart. Source: TradingView.com Why are Bitcoin miners selling?…
“# 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…