Bitcoin

The price of Ethereum has dipped by almost 80 percent from its lifetime high of $1.4k. This is due to the ICO bubble collapse and the history of a shift from altcoins to Bitcoins. However, by comparison, Bitcoin has only declined by 50 percent from its lifetime high of almost $20k. Numerous cryptocurrency market participants believe that Bitcoin will keep outperforming altcoins while a renowned investor is throwing his weight behind Ethereum. It is clear that the performance of Bitcoin…

Many people consider Bitcoin a store of value and they look for opportunities to buy when its price declines. This is one of the reasons it is called digital gold. Bitcoin is likewise hard money with a limited supply and despite being digital, it does not encounter the challenges faced by gold. The cryptocurrency is becoming scarcer every day even as its inflation has declined after the completion of its block reward halving. Additionally, hodlers’ attitude shows that they have…

It seems the revolution of cryptos and digital assets in the mainstream finance space is a disruptive force. Various flaws associated with traditional financial institutions and traditional forms of money were revealed during the economic troubles that ensued in 2008 and it appears that cryptocurrencies such as Bitcoin responded to them. Issues related to cryptos in the time of digital money were expatiated in a research paper published recently by Stanford Graduate School of Business. The paper also discussed whether or not regulatory bodies are necessary…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $269 billion Bitcoin slumped to almost $8,700 but surged back to $9,500 over the weekend Ethereum is flying high on a 10% increase during the week XRP finally climbs above the $0.20 mark and stays there for more than a day Argentina defaults on $65 billion worth of foreign debt Crypto Trends 25th -…

Throughout the previous few weeks, analysts noted that BTC was eventually looking for a local top. Bitcoin has been rejected at $10k price range three times in the past few months. The rejections led to people’s reconsideration of their bullish stance on Bitcoin because this level is important. Market participants have been considering data from financial derivatives like futures and options to understand cryptocurrency price movements over the previous few months, as they keep providing crucial information. According to derivatives…

In the early hours of May 27, Bitcoin was able to move above $9k to attain $9.2k, after it spent some days below $9k price level. The move may seem small when it comes to percentage basis, but it has remarkable significance in terms of technical factors. The $9k level has since become a key technical and psychological level for Bitcoin. Bitcoin’s ability to surge above it once again presents some signals which suggest a possible rally above its monthly…

The significant growth drivers in the crypto market are the immutability and transparency of distributed-ledger technology, growing adoption in developing countries, increased venture capital investments, and fluctuating monetary regulations.  Before you venture into crypto investing, you must understand some hooks in the industry to protect yourself from losses and frustrations. The following article will guide you on good and lousy cryptocurrency investment options by distinguishing real coins and shitcoins. Real Coins Real coins refer to any coin whose motives behind their…

Like before, Bitcoin is currently fixed within a stint of sideways trading, striving to secure momentum while hovering at price levels around the $8,800 area. Its performance has been around the area over the previous few days, and it seems to be a crucial support level. Buyers have stood strongly to protect Bitcoin from a fall beneath this price, but analysts are currently suggesting a move that will favor the bears based on high time frame outlook. At press time, the…

Etherscan noted that trading volumes involving the most utilized stablecoin in the cryptocurrency space started a sharp rise in September 2019, attaining 188,621 daily transactions at the month’s peak, valued at about $620 million in USDT. A new record has been set as the trading that involved Ethereum-based Tether (USDT) was over $1.2 billion on May 25. This means that the aggregated number of daily transactions that involved the stablecoin on the day represents a fresh lifetime high. Etherscan noted that the…