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…
Bitcoin
Bitcoin Brain Wallet – Not Recommended for Most Users, Perfect for Some
A Bitcoin Brain Wallet relies on your ability to create and remember a passphrase for your coins. This method of storing Bitcoin is very secure because there are no attack vectors that a hacker can use to pry the information from your head. However, there are some concerns with leaving your Bitcoin savings up to memory. Here's what you need to consider before you make a Bitcoin Brain Wallet. There is nothing new about the concept of storing Bitcoins in your mind…
5 years ago
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BitcoinTyler Winklevoss Says Bitcoin Still A Good Buy At Current Price
Venture capitalists and founders of Gemini crypto exchange Tyler and Cameron Winklevoss are bullish on Bitcoin and believe the cryptocurrency is just warming up for what is to come. In an interview with CNBC today, the Winklevoss twins noted that the new decade holds incredible records for Bitcoin as the leading crypto asset finally broke its all-time high price after three years. Bitcoin Still A Good Buy A few hours to press time, Bitcoin briefly traded above $19,783, setting a…
5 years ago
Bitcoin Price hits $18,500 As Mining Difficulty Approaches All-Time High
Bitcoin price recovered over the weekend after a sharp drop below its support levels. The leading coin suffered a sharp price drop last Thursday, dipping below the $17,000 mark. This sharp movement led to huge losses for traders, with around $1.9 billion liquidated across top crypto exchanges. Bitcoin has since retraced its movements and is currently on an upward trend in the past 48 hours. BTC gained 6% within this period and is currently valued at $18,580 with a market…
5 years ago
Crypto Market Loses $65 billion In 24 hours As Bitcoin Dips Below $17k
The long-awaited dump happened today, as leading coin Bitcoin suffered a major dip that crashed the market. This downward movement affected all the leading coins, with Ethereum and Ripple losing 14% and 20% in value, respectively. Bitcoin drops below $17,000 Before this latest crash, Bitcoin had entered a fairly stable phase after seven consecutive weeks of linear increase. There had been expectations from traders that the coin could hit the $20,000 mark this week, but this changed in today's early…
5 years ago
Censorship: PayPal Permanently Bans User For Trading Crypto
Not long ago, PayPal entered the cryptocurrency market by integrating bitcoin and other major crypto assets on its payment platform. The leading payment processor announced last month that it would allow its users to buy and sell cryptocurrencies from their PayPal accounts. The company also plans to allow its users to make payments from their crypto accounts across over 26 million merchants globally. PayPal's Censorship The crypto industry saw it as a massive development as it promises to expose cryptocurrencies…
5 years ago
Bitcoin Rewards Platform Lolli Secures Partnership With eBay
Bitcoin rewards platform Lolli has announced its partnership with leading online marketplace eBay. The partnership is seen as a major one for the platform in its quest to increase Bitcoin adoption. Users To Earn Ebay Rewards In Bitcoin Lolli is an online rewards app that has proven to be popular within the crypto ecosystem. It allows users to earn Bitcoin as they make purchases online. With the partnership, millions of eBay users will earn 1% of their online marketplace purchases.…
5 years ago
Investors Are Withdrawing Their Bitcoins (BTC) From Exchanges: Why Is This A Good Sign?
The number of bitcoins (BTC) stored on the exchange platforms is at its lowest. That's pretty good news for the rest of the bull run if Glassnode is to be believed. Investors withdraw their bitcoins (BTC) from exchanges Figures from the Glassnode data aggregator show that bitcoins stored on exchanges have hit a shallow threshold. The numbers have not hit this level since October 2018, more than two years ago. It is this analysis by Glassnode that indicates the current…
5 years ago
Japanese Financial Giant SBI Launches Bitcoin Lending Service
With Bitcoin just 5% from its 2017 ATH price, Japanese financial service giant SBI Holding has launched a Bitcoin lending service. Starting with just Bitcoin (BTC), SBI said it plans to include other major crypto assets like Ethereum (ETH) and Ripple (XRP), the official announcement revealed. The company disclosed that the lending service would also feature more trading opportunities, as SBI explores the crypto space. The new lending service dubbed VCTRADE LENDING will be available on SBI VC Trade, the company's…
5 years ago
Bitcoin (BTC) Rallies Past $19,000; All-time High (ATH) Imminent
Bitcoin has surpassed yet another milestone as it rallied past $19,000 today. This is the highest Bitcoin had achieved since February 2018 when it rallied to its all-time high of $20,000. Major Step Towards All-Time High Bitcoin price surge today followed days of relative stability for the coin, which had hovered around the $18,000 to $18,600 range. During this period, the altcoin market boomed, leading to several altcoins catching up to Bitcoin's rally. Also, Bitcoin's market dominance reduced from 65%…
5 years ago