Cryptocurrency

Speaking to the Financial Times, Tuchman revealed that Citi is seriously considering launching crypto trading, financing, and custody services. Tuchman mentioned that there are different options from their perspective, and they are considering where they can best serve clients. He added that this would not be a prop-trading effort, referring to trades a bank makes with its own money.  The move will render it the latest Wall Street bank to do so. Earlier, Morgan Stanley announced that it would allow…

The general market cap of 9,541 coins had briefly achieved the $2.3 trillion mark on Monday, according to crypto statistics tracker CoinMarketCap. Ethereum drove the rally marking yet another ATH of nearly $3,550.  The second-largest digital coin attained an all-time high on 6 May after a jump of about 8% in the last 24 hours. The gain in momentum had begun in the first quarter of 2020  as investors’ craze around Bitcoin and other cryptocurrencies continued. In just almost three…

Data and intelligence provider, Glassnode released metric insights displaying the hodling momentum on cryptocurrencies, Bitcoin particularly. According to the findings, Glassnode found out that coins exceeding an age of more than 155 days are considered Long Term Holder assets(LTH).  Whenever the digital coins grow or are used in various age bands, the size of color bands expands. Remember that the 155 day period dates back to November 2020.  Therefore, there was a constant growth through November 2020 in the number of…

This week, the value of the cryptocurrency market, driven by a major rally, reached the $2 trillion mark. Within two months, the cryptocurrency market capitalization has doubled as retail and institutional investors pile up in the space, according to the price-tracking site CoinGecko. More than 50% of the entire crypto market is accounted for by Bitcoin, the largest digital currency. This year alone, Bitcoin has rallied over 100% and has continued to boost the cryptocurrency market.  Crypto is Finally Gaining…

E-commerce giant Amazon has moved to elect an ex-Financial Conduct Authority(FCA) official. This action follows Amazon's job advert announcement, which seeks to venture into digital currencies. In essence, the advert included a Digital and Emerging Payments division that will enable users to swap their cash into cryptocurrencies.  Two years before, Amazon secured at least six officials from the FCA, out of which four of them came on board a year later. The four regulatory specialists work for specific positions in Amazon,…

While many people like to consider blockchain as infallible, the truth is much different. Blockchain networks require constant updating to remain secure and functioning properly. The slightest code errors in a smart contract can spell disaster for a blockchain. As you are about to learn, no blockchain is immune. Open-Source It’s impossible to avoid the risk of coding errors completely. However, experts agree that sticking to open-source projects can help protect you. Open source platforms make their coding available to…

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 $2,192 trillion. Bitcoin is up by almost 14% since last Sunday. Ethereum sets a new ATH after a 30% increase in value. XRP gets a roughly 50% value boost in the past seven days. Binance Coin increased by more than 21% throughout the week. The DeFi sector added more than $12billion to the total…

Making a trade, especially in stock bourse and cryptos, may come across various specialized trade terminologies. The put-call ratio indicator is a relatively common terminology in trading circles. Investors use it to weigh the market's mood, determining if an investor will buy or sell his/her digital assets. It may also use to forecast the market direction when deeply assessed. The article shall highlight what the put-call ratio indicator stands for and the various ways during crypto trading. What is the…

Cryptocurrency investments are always risky. However, they can end up being a very lucrative pursuit if they are well executed. Cryptocurrency volatility has led to the developing of more advanced trading strategies to tackle market volatility. Crypto trading involves speculating market price movements. However, many traders fail due to a lack of knowledge of what strategies to use to track price movements. The question of "what are the best strategies to use" points us to Bollinger bands. Bollinger bands are…