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
Tim Draper Encourages Millennials to Invest in Bitcoin
Recently, FOXBusiness interviewed Tim Draper, a renowned American venture capital investor. Draper advised Millenials to put their money in Bitcoin to secure their future. He also said that a financial system that is not working anymore got introduced to the millennials from past generations. Draper also mentioned what Bitcoin could do towards solving their retirement difficulties. He also noted his early investment with Tesla. Tim Draper on How Millenials Should Invest Tim Draper, advising millennials how to invest and plan,…
5 years ago
Growing Adoption of Bitcoin Sees A Soar in Its Address Holders
The total number of Bitcoin addresses with one or more BTC increased from 707,000 in 2019 to stand at 784,000 as of 14th January 2020. According to Glassnode, this represents an 11% increase over the same period and a doubling of the 2015 figures. Explaining the reasons behind the steady rise, Connor Abendschein of Digital Assets Data in Denver said it is due to retail buyers' accumulation of the coin. Abendschein posed that the increase in the number of addresses…
5 years ago
Major Technical Breakout Will Draw Bitcoin Bulls’ Reaction
The price of BTC/USD rallied again after falling sharply to its support level at $8.4k. Currently, all indicators point to additional surges above $8.8k and $9k in the sessions ahead. Not so long ago, the price plummetted from the $8,750 zone. It continued the downward trajectory beneath some essential supports. All the same, bitcoin rebounded above the $8.5k level later. Analysis of the pair's hourly chat indicates the formation of a robust bullish engulfing pattern. Consequently, the bitcoin price was…
5 years ago
BTC Price Shows Greater Signs of A Massive Decrease
Currently, the BTC/USD trade is standing above 8500, with all the buyers yesterday defending its price at 8.54k and not below 8.5k USD. However, yesterday saw some of the best BTC value changes, going to over 8.8k reaching 8840 USD, then later plunging. Although BTC's price went to over 8.8k yesterday, it still met hurdles of BTC/USD rejection leading to the retracement of BTC to the downside. The currency closed the day at beneath 8800 USD and the 100 hourly…
5 years ago
RAIZ Prepares to Introduce BTC Fund Options
A January 20th report of the Australian Financial Review stated that the RAIZ startup is ready to offer bitcoin fund options. The startup Raiz has followed every legal procedure set by Australia's financial monitoring agency, otherwise dubbed Australia's Securities and Investment Commission. The Raiz network has over three hundred thousand registered users who maximize its micro-investment services, with over 445 AUD from funds for about 211 thousand customers. This millions worth fintech is probably the biggest in the country and…
5 years ago
Beginner’s Guide to Atomic Swaps – Solving the Centralization Problem
In its simplest sense, an Atomic Swap is a mechanism that uses smart contract technology to enable the exchange of one cryptocurrency for another without using centralized intermediaries, such as exchanges. Atomic swaps are a technique that allows the quick exchange of two different cryptocurrencies running on distinct blockchain networks. Such a process (also known as atomic cross-chain trading) is based on smart contracts. It allows users to trade their coins directly from their crypto wallets. Before discussing an Atomic Swap, let…
5 years ago
Has Peter Schiff Lost All His Bitcoin?
On the 19th of January 2019, Peter Schiff claimed to lose access to all his Bitcoin holdings. Schiff is the CEO of Euro Pacific Capital, as well as the founder chairman of SchiffGold. He is also a renowned Bitcoin critic, quite skeptical about the crypto, exceedingly bullish when it comes to gold, and likewise bearish on the USD. On the 4th of July 2019, Schiff claimed to have three crypto assets, Bitcoin, Ethereum, and Bitcoin Cash. He also said he…
5 years ago
Tension on Whether Bank-Issued Cryptos will Overtake Bitcoin and Altcoins Crowds
The cryptocurrency domain is fearful about bank-issued cryptos replacing Bitcoin as well as altcoins. Nevertheless, to ascertain the validity of the fear, it is necessary to consider some facts. First, bank-issued cryptocurrencies will be in charge of those who receive the cryptocurrency units and their purpose. On the other hand, Bitcoin is a decentralized currency. Bitcoin holders can determine its purpose and enable its use for the payment of goods and services, forwarded to people through remittance platforms, or one…
5 years ago
ETH Performs Better than Bitcoin on The Second Week of 2020
Last week, a vast ETH upsurge led to a 20% gain based on the price data from Coin360. ETH’s performance was greater than for Bitcoin, which gained 9% within the period. Nevertheless, ETH’s performance was lower than other altcoins that saw massive parabolic rallies within a few days. BSV close to 250% at the Zenith of the rally this week, ETC secured 100% gains as Zcash more than doubled. Crypto analysts worry about the immediate direction of ETH, despite its…
5 years ago