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 Price Adds $800 in 24 hours to Hit 3-year High
The price of Bitcoin finally surpassed the $17,000 mark today, Tuesday, November 17. This is the first time the leading coin will be reaching this milestone in three years. Bullish Run Continues Bitcoin has enjoyed an unprecedented bullish trend in the past month, hitting several milestones on the way. This run has continued in the past 24 hours as BTC has added $800 to its price and is currently priced at $17,400 per unit. This represents an increase of 7%…
5 years ago
What is Wrapped Bitcoin (WBTC), and How Does it Work?
Bitcoin is the oldest and largest cryptocurrency on the market. It has colossal support from the entire crypto industry and several billion US dollars in liquidity reserves. Even those who are strangers to the world of digital assets know that Bitcoin is King. Nevertheless, for those who have a deep understanding of the Crypto Universe, Bitcoin is showing signs of lethargy regarding getting with the times. While the BTC token is still riding high and close to establishing a new…
5 years ago
Bitcoin (BTC) Holds Above $16,000 as Institutional Adoption Increases
Bitcoin has begun the new week with a positive dynamic as its price remains above $16,000 despite several corrections over the weekend. This bodes well for the leading coin in its quest to hit record heights in the coming weeks. Bitcoin Maintains $16k Bitcoin's recent bullish run was the dominant feature in the crypto markets last week and the leading coin headed to the weekend of a yearly high of $16,500. However, it failed to make any significant price jumps…
5 years ago
10 Dominant Cryptocurrencies to Watch Out Other Than Bitcoin
The crypto market is a diverse ecosystem of projects attempting to solve various problems. While it's hard to argue against the belief that Bitcoin holds the crown as the originator, many new projects are worthy of praise. These new projects surpass Bitcoin's technical capabilities and provide investors with unique functionalities in the market. Here are the top 10 most important cryptocurrencies other than Bitcoin. Ethereum Ethereum was one of the earliest altcoins to enter the market. Since its inception, Ethereum…
5 years ago
What We Know so Far About Bitcoin’s Founder Satoshi Nakamoto
No matter how big Bitcoin becomes, there will always be one question associated with it - “Who is the founder of Bitcoin?” Everyone from governments to internet sleuths weighed in on this argument for over a decade. Despite their greatest efforts, the world still may be no closer to ever unmasking this individual's true identity, group, or …. Clues to Satoshi Nakamoto's Identity Satoshi may be gone now, but there was a time when he was very active in Bitcoin…
5 years ago
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BitcoinBitcoin Price Trades Above $16k for the First Time Since 2017
Bitcoin has today continued its bullish rally, crossing yet another important milestone. The coin has broken the $16k-mark for the first time since December 17, 2017, the last time it managed an all-time high price of $20 000. Until today, the $16k price mark was viewed as a heavy level of resistance by traders due to the abundance of sell orders in that region. However, the filling of large sell orders at $16k by the whales led to the weakening…
5 years ago
When is the Right Time to Sell Your Bitcoin or Altcoins?
Most experienced traders will agree that there are times when it makes more sense to sell your Bitcoin (BTC) or altcoins rather than take the brunt of losses head-on. Importantly, there is no specific point of buying or selling cryptocurrencies that is "right." Every investor's situation, overall goal, and investment strategy varies greatly. For these reasons, it can be notoriously difficult to determine when it's best to sell your digital assets. Greed Gets You Nowhere The main thing to understand…
5 years ago
The Impact of Cryptocurrency Mining on the Environment
There is a growing interest in the world of cryptocurrency mining. However, little is addressed on the influence that mining a digital currency has on the environment. A digital currency is an advanced exchange method that uses a decentralized P2P to record, produce, and send coins over the chain. Crypto mining has attracted more interest recently, particularly for cryptos that can be mined with graphic cards. Mining cryptos using graphic cards has resulted in increased demand, hence the skyrocketing mid-range…
5 years ago
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BitcoinBitcoin Spirals Higher Fueled By US Election Uncertainty and Under-performing Stocks
Bitcoin (BTC) blazed past $15,000 over the past week and set new highs of $15,975, its highest level since January 2018. The world's leading cryptocurrency's uptick was fueled by a cocktail of increased uncertainty surrounding the US presidential election and a weakening dollar. [caption id="attachment_20028" align="aligncenter" width="1560"] BTC Price Spirals Higher Amid US Election Uncertainty | Source TradingView[/caption] Meanwhile, gold, stocks, and other traditional investment assets haven't performed nearly as well as Bitcoin, establishing the digital coin as a maturing…
5 years ago