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“#Cryptocurrency trading surged amid Tesla bitcoin buy” Cryptocurrency trading surged to record levels in February as the price of bitcoin swung wildly following Tesla’s $1.5 billion investment, new data show. Crypto trading volumes soared 17 percent to more than $2.7 trillion last month as the electric-car maker and other major companies started to embrace digital…
“# No more ‘Bitcoin effect’? MicroStrategy stock falls by 50% in 17 days ” The Bitcoin (BTC) price correction isn’t just hurting individual hodlers — the biggest players are suffering in more ways than one. Data from markets on March 5 revealed that MicroStrategy, which owns over 91,000 BTC, has seen its stock price dive…
“# Stocks slide as dollar hits 4-month highs: Why Bitcoin price is slumping below $50K ” The price of Bitcoin (BTC) is extending its slump below $49,000 on March 5 as the U.S. dollar index (DXY) reached the highest levels since November 2020. DXY (blue) vs. BTC/USD (orange). Source: Tradingview Meanwhile, the prospect of rising…
“# Record GBTC discount may spark $100K Bitcoin price rise — analyst ” Bitcoin (BTC) could be in for a $100,000 bull run next if a classic signal from institutions repeats its historical trend. In a tweet on March 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that those seeking clues about what…
“# Ethereum gas fees drop as daily DEX and DeFi volumes decline ” The rising popularity of decentralized finance (DeFi) has brought fresh attention and optimism to the cryptocurrency sector with the total value locked on all protocols increasing from $1 billion to $59 billion in less than a year and the top 5 platforms…
“#Robinhood exec wants users to stop worrying about its business model” Beleaguered no-fee trading app Robinhood is now turning to its chief operating officer to help quell backlash over its response to the “Reddit rally” in January. In a Thursday blog post, Robinhood COO Jim Swartwout vowed to “demystify” the company’s controversial practice of selling…
“# Spike in digital land and NFT sales push Axie Infinity (AXS) price to new highs ” The popularity and sale of NFTs have exploded over the past few months as many artists and collectors have been consistently selling entire NFT collections for millions of dollars. One platform that has emerged as a fan favorite…
“# Polkadot futures market flippens Litecoin as its open interest hits $573M ” Polkadot (DOT) has been raising eyebrows for the past couple of months as the interoperability-focused altcoins has gained 625% in the past three months. The promise that interoperability between blockchains will be a viable solution to the high Ethereum gas fees plaguing…
“# NFT boom triggers parabolic rallies in Chiliz (CHZ) and Flow ” Strong hands view a correction in an uptrend as a buying opportunity and data from CryptoQuant shows that Bitcoin (BTC) whales have been buying near $48,000. This activity can be seen in the large Coinbase outflows, most of which went to custody wallets…
“# Bitcoin bull run is still in the early stages, key on-chain indicator shows ” The price of Bitcoin (BTC) saw a minor correction on the day as the global stock market pulled back. The top cryptocurrency dropped by nearly 8% in the last 24 hours, retracing most of the gains it recorded during yesterday’s…