Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
News
BitMEX Contains 0.18% of All Bitcoins in Circulation
BitMEX is among the leading crypto exchanges in daily trading volume. Nonetheless, the amount of Bitcoin on the exchange is 0.18% of the coins in circulation. On the 26th of December, James Lopp tweeted about the exchange’s dedicated insurance fund’s upsurge by 62% this year. The exchange’s insurance fund’s historical records show that it was 20,776 Bitcoin on the 1st of January and 33 449 on the 26th of December. As of the time of writing, the value is close…
5 years ago
The Forthcoming Launch of Agharta Hard Fork
An Ethereum Classic Network hard fork, known as Agharta, is forthcoming. This hard fork will consist of Ethereum Constantinople fork features. Similarly, the hard fork intends to achieve complete compatibility between ETC and ETH. As per the 26th of December press release, ETC labs confirmed its agenda to achieve complete compatibility. According to Terry Culver, Ethereum Classic Labs is one of the first incubators to support innovative projects on the Ethereum Classic Blockchain. The compatibility between the ETC network and…
5 years ago
Bitcoin Rejected at 7500 which could Trigger a much larger drop
The performance of BTC has been bullish for some period before now. Nevertheless, each time it surges to the upside, it experiences a powerful rejection and leads to a total correction of its gains. It happened some hours ago as its price attained highs around $7.5k but could not continue to the upside. It was rejected and may have initiated a notable fall. According to analysts at the moment, it is possible for BTC to fall back towards $7k before…
5 years ago
Tension as Vitalik Buterin Plans a Massive Ethereum Sale
On the 25th of December, crypto market participants focused on Vitalik Buterin to fear his plans to sell Ethereum worth 25 million USD. As per Etherscan on the 25th of December, an aggregate of 92k of Ethereum, currently equivalent to 11.5 million USD, moved from one wallet to the United States exchange Kraken. ViewBase tweeted about the wallet containing more than 300k ETH before the transaction. Similarly, the same wallet received the majority of its content from Buterin for many…
5 years ago
Bitcoin Option Introduced on Okex Exchange Trading
Okex platform recently expanded derivative trading. The announcement made by the exchange maintained that it is launching a test on Bitcoin futures. Okex is a renowned exchange, which currently very active in future trading, and therefore the leading Bitcoin futures operations. Options carry higher risks, but enable bitcoin trading, on the basis of predictions. At the moment, predictive markets are becoming speedy, as anticipations tend to become further crucial even than real activity on the spot market. Additionally, Bakkt exchange…
5 years ago
BTC Price at Critical Level for Future Trends
The BTC/USD pair is struggling to stay above the support at $7.12k and $7k. The price needs to recover over $7.24k and $7.4k if it does not experience a remarkable fall. In the past three days, the BTC/USD pair’s price steadily moved to the downside, from resistance at $7.7k. The pair’s price further moved to the downside by breaking critical supports at $7.4k and $7.3k. It established a level under $7.3k as well as the 100 hourly SMA. The price…
5 years ago
Bitcoin Payments Facing Growth Challenges
One of the cryptocurrency applications in the world of finance is using digital coins to exchange goods and services. Both large and some small businesses are starting to incorporate virtual currencies into their payment solutions. Nevertheless, the future use of Bitcoin in firms is somehow uncertain. It is because some of the previous Bitcoin supporters stopped using Bitcoin payments this year. As some of the firms using Bitcoin remained resolute, other firms bowed out shortly. Adyen and Some Other Firms…
5 years ago
XRP and Fiat Pairs Now Available on Binance Exchange
Recently, Binance Exchange confirmed the addition of new XRP and ETH fiat pairs to its platform. The exchange will support three fiat pairs with Turkish Lara (TRY) that feature ETH, XRP, and USDT. Additionally, Binance users can now trade USDT against the Russian Ruble (RUB). In December of 2018, Binance added XRP as a base currency and renamed its ETH market to ALTS markets. Last month, the Turkish Lara got added to the crypto exchange, and Binance only allowed its…
5 years ago
BitPay Facilitates the American Cancer Society Bitcoin Donations
The American Cancer Society (ACS) is a nationwide non-profit organization that focuses on eliminating cancer. ACS is currently accepting donations in Bitcoin through the cryptocurrency’s payment processor, BitPay. Brant Woodward, the ACS vice-president, pointed out that cancer affects people of all walks of life. Therefore, there is no shame in asking for support from a broad cross-section of donors. Brant also noted that the ACS’s mission is urgent, and it needs donors’ help to accomplish its objective. BitPays Donations Statistics…
5 years ago