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…
BTC
Giving Financial Freedom through Bitcoin – A Story from South Africa
Among the many benefits of cryptocurrencies, the world is discovering the help they can bring to poorer countries. In addition, cryptocurrencies can play an important role when centralized money isn't easily accessible. As an example, today, we will talk about an exciting story from South Africa. In this region, in sub-urban areas, Bitcoin adoption could change the lives of several people. Hermann Vivier and Bitcoin Ekasi Increasingly, we hear stories demonstrating the growth of cryptocurrencies in geographic areas with challenging…
3 years ago
String Of Tiny Bitcoin Miners Win Hash Lottery Throughout January
Are you feeling lucky? It turns out you don’t need to join a giant hash pool to profit from crypto mining. Over the past month, three small Bitcoin miners have individually won the race to mine Bitcoin’s next block. That means it rewarded each with a whole 6.25 Bitcoin for providing their proof-of-work. Beating the Odds Solo CK's pool administrator, Dr. Con Colivas, reported the most recent small miner win today. Using just 86TH/s of hash rate capacity over the…
3 years ago
BTC Rally Burns Shorts – Indicators Signal Bottom
Bitcoin recovered slightly over the last 24 hours, hovering above the $42,000 mark. Crypto market cap edged back above $2 trillion on BTC recovery. The largest crypto rose 1.5% in the last 24 hours. Moreover, altcoins posted even more significant gains. The most prominent innovative contract network crypto Ethereum rose by 4% to $3,250. On the other hand, the Binance coin rose by 3% to $465, and Solana rose by almost 5% to $143. Cardano, Avalanche and Polkadot posted even…
3 years ago
Bitcoin Dips Below $40k, Approaches ‘Death Cross’
It's been a lousy week for Bitcoin. First, the largest crypto dipped below $40,000 as crypto markets lost $1 trillion in market cap. Technical indicators are not looking good either. Bitcoin metrics are approaching the so-called "death cross." The ominously named technical indicator triggers BTC's 50-day moving average fell below the 200-day moving average. Typically, the indicator signals an even more bearish turn for the asset. It is usually a signal that investor sentiment has shifted lower in traditional markets.…
3 years ago
Hackers Use Indian PM Twitter To Post About Bitcoin
The Twitter account of Indian Prime Minister Narendra Modi was a target of a hacker attack on Sunday. Hackers gained access to the history and posted a tweet about Bitcoin: India has officially adopted bitcoin as legal tender. The government has officially bought 500 BTC and is distributing them to all residents of the country The tweet came amid a debate on crypto regulation in India. Just a few months ago, it seemed that India was about to ban crypto.…
4 years ago
Bitcoin Breaks $51,000 As Whales Buy The Dip
Days after Saturday's Bitcoin crash, the crypto market showed signs of recovery. Bitcoin shot past $51,000 per coin, up 7.8% in the last 24 hours. The largest crypto added some $72 billion to its market cap, which reached $969 billion. Bitcoin's rebound boosted other significant cryptos, usually trail the crypto market leader. Ethereum reached $4,390, a 10% increase over the day. Binance Coin traded at $588, up 6.42% in the same period. Solana jumped 12.37% to $201.66, while Cardano spiked…
4 years ago
Bitcoin Bounces Back to $58,000 – Showing Signs of Recovery
Bitcoin started a week with a bang, recovering from last week's selloff, as markets show clear signs of recovery. The price of the largest crypto soared 6% on Monday, reaching a high of $58,000. It has since settled slightly below that level, at $57,750. The jump made up for the last week's dip, prompted by the new, potentially vaccine-resistant COVID variant. Last Friday, Bitcoin dropped more than 9%, trading as low as $53,549 at one point. The sellout was due…
4 years ago
JPMorgan Predicts Bitcoin Price Going Up To $146k
Bitcoin is one of the most valuable assets and commodities in the world. Currently, its value keeps fluctuating between $62,000 and $63,000. Also, it recently went up to an all-time high of $69,000. However, if you want to invest in Bitcoin, you have to know more than just the asset's price. Therefore, you have to conduct a market analysis and research key trends. This way, you should predict whether the most popular cryptocurrency will increase or decrease in value. Bitcoin…
4 years ago
Should I Keep My Bitcoin On An Exchange Or In A Wallet?
Cryptocurrency has taken the world by storm. Yet, today, it is likely that someone using the internet has yet to hear about Bitcoin even once. Yet, such is the popularity of cryptocurrency that many companies and brands accept it as payment. Additionally, dozens of crypto exchanges allow you to buy any cryptocurrency with fiat money. Buying cryptocurrency has become incredibly accessible, and you can find guides and articles on how to do so. However, most Bitcoin owners have one question.…
4 years ago