Crypto Is Fundamentally Flawed As A Currency, Says UBS Economist

With investors losing faith in fiat currencies and traditional payment systems, many argue that cryptocurrency, particularly bitcoin, is a viable replacement, and it has changed the concept of money.  Some companies worldwide are already accepting crypto payments. Even PayPal has integrated cryptocurrencies like Bitcoin and Ethereum into its payment network and is set to allow customers to use them for purchases later this year, a move that could foster mass adoption.  Crypto Not A Proper Currency However, Paul Donovan, chief…

Ethereum in Hot Pursuit of New ATH: Analysts Are Extremely Bullish 

Over the past few hours, ETH has managed a bullish breakout above several key resistance levels while BTC continues to trade sideways. The second-largest cryptocurrency by market cap has been showing continued strong upward price momentum since the weekend, prompting crypto pundits to anticipate that ETH could soon set fresh highs and follow bitcoin's recent parabolic rally. ETH has gained over 12% in the past 24 hours and surmounted the $1,250 and $1,280 resistance levels against the US Dollar. As…

Crypto Market Turns Red as Bitcoin nears $35k Support Zone

 The crypto market has experienced a major dip today, with most coins currently in the red zone. This dip is emphasized by the leading currency Bitcoin, which is closing in on the $35,000 support levels. Bitcoin nears $35k The bullish run of Bitcoin has been the talk of the crypto community in recent weeks. However, this week has not been the best for the leading coin, which has failed to make significant gains. Bitcoin has hovered around $36,000 and $38,000…

Ethereum (ETH) Price Shows Signs of Recovery after Major Bearish Fall

Ethereum (ETH) price has shown signs of rebounding in the past few hours after a testing 24 hours. According to several analysts, the leading altcoin fell by more than 30% yesterday, but critical indicators remain positive. Ethereum (ETH) Price drops sharply The cryptocurrency market suffered a major correction yesterday, wiping close to $200 billion from the total market cap. The leading coin, Bitcoin, lost nearly $10,000 from its price, which caused a ripple effect in the market. Ethereum (ETH) was…

Crypto Market Dump – FCA Warns against Investing In Crypto-assets

The Financial Conduct Authority (FCA) has warned its consumers about investing in high yield investment (HYIP) crypto–assets. This comes after a major dump in the market that saw $200 billion wiped off the total crypto market cap. Cryptocurrencies Pose High Investment Risks The FCA revealed this warning in a statement released today highlighting different aspects of crypto investing. The regulator revealed that price volatility, product complexity, and high fees associated with cryptos make it a complex investment asset. It continued…

Ethereum (ETH) Up by 70% in 2021 as Market Cap Hits All-Time High

Bitcoin (BTC) has taken most of the shine in recent weeks due to its remarkable, bullish run. However, leading altcoin Ethereum is not far behind and has actually outperformed Bitcoin in 2021. Ethereum (ETH) Price Up 70% in 2021 Ethereum has enjoyed a massive rally since the beginning of the year. Entering the year valued at around $718, the leading altcoin has gained an average of 10% in value in the past eight days. In the past 48 hours, ETH…

Crypto Market Cap Hits $1 trillion After Incredible Rally

The crypto market has witnessed a massive bullish movement in the past 24 hours. At the time of writing, the total market cap has exceeded the $1 trillion mark for the first time. Bitcoin Hits New All-Time High Bitcoin (BTC) bullish run has continued in recent days as the leading coin continues its march towards uncharted territory. After experiencing a major dip a week ago, which saw the coin move below $30k, Bitcoin has recovered remarkably. The leading coin began…

BTC Hits New All-time High, and Becomes The 9th Most Capitalized Asset

Bitcoin (BTC) is on a roll, breaking record after record since it surpassed the $20k milestone less than three weeks ago. The leading crypto asset recently crossed $35k today and is now in the top 10 most capitalized assets globally. Bitcoin (BTC) crosses $35,000 Bitcoin continued its bullish run in the New Year, surpassing the $30,000 mark on January 2nd. After making a massive surge to $34k, the leading coin suffered a major dip on January 4. The retracement caused…

Bitcoin Breaks $34k Barrier As Ethereum Hits Two Year High

Bitcoin's bullish run has continued into the third day of the year after the leading coin surpassed $30k yesterday. This bullish run has caused a major effect, with leading altcoin Ethereum hitting a major milestone in the past few hours. Bitcoin (BTC) Exceeds $34,000 Bitcoin entered the day on the back of a major bull movement that began over the weekend. Since hitting the $30k mark yesterday, the leading coin has continued to experience an uptrend in price. This has…

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