Over the past year, institutional investment is what many believe drove Bitcoin’s price to reach new ATHs. Moreover, new research found that the asset’s price surges seem to be driven less by hype and have instead gained more trust, based on data from 2017. Among its many conclusions, ARK Invest stated in its “Bitcoin: Preparing...Read More
A new study found that in 2020, darknet markets that offer illegal goods and commodities such as drugs received a total of $1.7 billion worth of cryptocurrency. Specifically, with regard to value sent to or received from darknet markets last year, United States ranked second in Chainalysis’ 2021 Crypto Crime Report. Residents based in US...Read More
On 2 February, Ethereum reached a new all-time high above $1,500, across major exchanges, just days before the launch of the CME Ethereum futures contracts, which is slated for 8 February. The surge in price could have been a result of several positive announcements about the second-largest crypto by market cap. Source: TradingView Recently, asset...Read More
The first consequence following the GameStop fiasco could be right behind the corner for one of the key players involved – Robinhood. The company has reportedly paused its IPO plans, while Robinhood’s Co-Founder, Vlad Tenev, will likely appear in front of the US Congress to testify on his firm’s controversial actions. Robinhood’s Tenev To Testify...Read More
Indecisiveness is the current market sentiment for Bitcoin. While some metrics indicate that a 2nd bullish rally might be incoming, other factors are suggestive of further corrections. With Bitcoin continuing to consolidate in the mid-$30k range, the reset of certain metrics and accumulation activity might project a potential change in the crypto’s price. Grayscale is...Read More
Most discussions on the subject of Bitcoin’s institutional involvement always hint at the common objective of these institutions. These organizations are clubbed together under one idea, that they believe in the assets, and they want to attain exposure into crypto through Bitcoin. It is not a false narrative, but over the past few months, most...Read More
Bitcoin’s second attempt at making it past $40,000 failed last week, with all eyes now on the cryptocurrency’s next big move. Interestingly, while BTC was trading at $34,855 at press time, outflows from spot exchanges were up too. In fact, 15,000 BTCs have flown out of Coinbase at the $32,400-price level. Such significant Bitcoin outflows...Read More
A month after crypto fund manager Bitwise surpassed $500 million in assets under management (AUM), the asset manager now filed for regulatory approval to list its Bitcoin fund on OTC markets. If the fund gets the green light, it plans to offer Bitcoin exposure to investors at lower-cost with an expense ratio that is 0.50%...Read More
Monero flipped the $143-resistance level, but a move above $148 was unlikely as the bullish momentum slowed down. IOTA registered rangebound behavior as trading volumes were weak. Even though DOGE was predicted to fall in the short-term, uncertainty shrouded its future trajectory. Monero [XMR] Source: XMR/USD, TradingView The market’s bulls regained the $143-price level as...Read More
On 30 January 2021, XRP registered its biggest 48-hour spike in over 3 years. Surging by 170% on the price charts, the crypto-asset ascended from $0.278 to a yearly high of $0.75. Source: XRP/USD on Trading View In fact, the crypto-asset almost matched its 2020 high. However, right after the top, it registered a massive...Read More
A Mood of the Nation survey by India’s CoinDCX a few months ago had revealed that for 68% of the respondents, legal and regulatory clarity is a major concern. Thanks to recent developments, these concerns are likely to get even more compounded. According to a statement made by Anurag Thakur, Indian Minister of State for...Read More
Dealing with market volatility is common in the case of Bitcoin and the current narrative is heading in a similar direction. While the market is still in a considerably bullish bracket, the likelihood of a reversal keeps floating about in the space. Now, according to recent data, a major change may be afoot, one that...Read More
Business intelligence firm MicroStrategy acquired additional Bitcoin worth about $10 million in cash on 2 February. The company made the purchase at an average price of approximately $33,810 per Bitcoin. The development follows MicroStrategy’s earlier purchase made on 22 January 2021. According to its last announcement, MicroStrategy acquired $10 million worth of Bitcoin, paying roughly $31,808...Read More
Grayscale has been at the head of a lot of Bitcoin-related developments over the past few months. It is in the news again today after its GBTC premium turned negative for the first time after its launch in 2013. The aforementioned premium represents an “overpayment” on behalf of mostly institutional buyers that seek Bitcoin exposure,...Read More
Bitcoin SV was projected to move within its range and a break above the $183-resistance level did not seem likely. On the contrary, BAT traded within its parallel channel and a breakout seemed imminent over the next few trading sessions. Finally, ZEC managed to rise above its upper trendline, but the price could reverse its...Read More
PrimeXBT is the latest crypto-exchange to delist XRP after an announcement earlier today revealed the removal of the XRP/USD, XRP/BTC trading pairs. The delisting will take effect from Wednesday, 10 February 2021, at 15:00 UTC. Prior to this, the XRP pairs will be transferred to ‘reduce only’ status on Friday, 5 February 2021, at 15:00...Read More
LINK seemed to be targeting a move above its $24.29-resistance, but weak momentum meant that the market’s bulls could struggle to lift the price on the charts. Healthy buying activity and an uptick in trading volumes backed STEEM for a rise above its $0.19-resistance. Finally, MKR’s bearish cycle could spill over to the next few...Read More
The upcoming Bitcoin Educational Conference organized by Michael Saylor’s MicroStrategy has seen massive interest from CEOs and other executives. Saylor informed that all attendees would benefit from MicroStrategy’s playbook on how to utilize the BTC Monetary Network. CEOs Interested In MicroStrategy’s BTC Educational Campaign CryptoPotato reported in mid-January MicroStrategy’s latest pro-Bitcoin initiative, which aims to...Read More
With the landscape for CBDCs heating up, many countries have accelerated their efforts to issue a central bank digital currency. China has had the most progress on this front, with the country conducting several test runs by distributing its digital yuan to its citizens through ‘red packets.’ According to a paper published by European policy...Read More
A ratio that measures the amount of Bitcoin compared to stablecoins has fallen back to levels usually indicative of bullish buying momentum. On-chain analytics provider Glassnode noted the ratio in its latest report stating that the Bitcoin Stablecoin Supply Ratio (SSR) has been declining in 2021 as more stablecoins are minted. When the SSR is...Read More
We think that our responsibility to provide a fair and orderly trading environment should be inclusive of user protections for so-called ‘fat finger’ input errors. Though rare, these types of mistakes have the potential to create sudden drastic price movements that disadvantage other users. With this in mind, we will be introducing the Fat Finger...Read More
