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…
Tim Draper
Crypto Market Cap Above $700 Billion As Bitcoin Surges Past $28k
Bitcoin (BTC) continues to set records since breaking past the $20k resistance barrier earlier in December. The leading coin has since created more milestones and looks to be on its way to $30k before the end of the year. Bitcoin Surges Past $28k Entering the weekend, trading within the $25k mark, Bitcoin continued its bullish movement, with the bulls taking the coin above $26k yesterday. After a brief retracement, the leading coin continued its march, breezing past 26,500 before dawn.…
4 years ago
COVID-19 May Offer Bitcoin a Turning Point According to Tim Draper
A $7 trillion bailout had to be raised to prevent a stock market crash and therefore economic collapse caused by the coronavirus pandemic. During an April 6th interview, Tim Draper voiced the possibility of innovations like BTC and smart contracts to thrive due to the current economic situation. Fixed Bitcoin Supply Draper has expressed skepticism regarding the infinite money printing bailout plans by governments. He believes that fiat money won't pervade the global economy indefinitely. At some point, people are…
5 years ago
BTC is Possibly among the Last Assets Still Trading in The Market Crisis
Many stock markets across the world may likely close due to the recent pandemic. BTC could save the financial world after the current crisis comes to an end. It has survived any shutdowns caused by the Coronavirus. The cryptocurrency market runs throughout, setting it apart from any other financial market. Famous crypto trader Dan Hedi revealed via a tweet that Bitcoin could be one of the last assets still trading despite growing market turmoil caused by Coronavirus. News media worldwide…
5 years ago
Tim Draper to Support Crypto Startups in India Following Crypto Ban Lift
Tim Draper, the founder of Draper Venture Network and Draper University announced his intentions to invest in Indian crypto startups. The news follows the lifting of a ban on crypto trading in the country. A heavy critic of the ban by the Indian government, Draper is hopeful that the best ideas prevailing in the Indian crypto industry. The Indian Government is among several that are anti-crypto. He notes that the Supreme Court ruling signifies how best ideas ultimately prevail, having…
5 years ago
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