Unfortunately, it was another challenging week in the cryptocurrency market, though this can only be said about the developments in terms of price. Elsewhere – adoption seems to be booming, especially when it comes to Bitcoin. Starting off with the price – bitcoin is currently trading at around $33,000, down about 13% in the past...Read More
With BTC’s price going through a severe correction this week, reaching a near six-month low, the question arisen within the community if we have officially entered a bear market. Dumping to more than 50% south from its peak, which came just two months ago, certainly has some arguing that the bears are indeed in control....Read More
No boring days in crypto as bitcoin went through a roller-coaster with a few thousand-dollar moves down and up. The alternative coins also recovered some of the losses, with the entire market cap regaining $200 billion since yesterday’s low. Bitcoin Reclaims More Than $5K It all seemed calm during the weekend when BTC stood in...Read More
Bitcoin’s price continues to lose ground, and it dropped to just over $31,000 hours ago. However, its dominance over the market has increased to a monthly high as most alternative coins have dumped by double digits. Bitcoin Dominance on the Rise Despite the Correction As CryptoPotato reported over the weekend, BTC had recovered some of...Read More
Over the past seven days, we saw yet another unsuccessful attempt of Bitcoin to breach the coveted $40K mark definitively. Let’s roll back a little. Last weekend, the price was rather indecisive as it was struggling beneath $36K. All this changed on Sunday, however, when bulls stepped in and took control over the market. By...Read More
The past seven days, despite being intensive in terms of important news, were less than exciting when it comes to pricing. Most of the cryptocurrencies experienced substantial losses. Bitcoin, unlike the majority of altcoins, performed relatively well in comparison. It’s still down about 5% on the week, but its market dominance has increased to about...Read More
One of the world’s leading brokerage companies, Interactive Brokers, will be offering cryptocurrency trading services to its clients by the end of summer 2021. According to a recent report by CNBC, Interactive Brokers will start allowing its customers to trade cryptocurrencies by the end of summer 2021. Speaking on the matter was the Chairman and the CEO...Read More
Bitcoin is trading more or less where it was a week ago, following another seven days of choppy price actions. This time, however, it seems that it was an event that propelled its most recent decline and the catalyst was no other but Elon Musk. Last weekend kicked off with a crash towards $33K on...Read More
Bitcoin, and the entire cryptocurrency market, saw yet another choppy week where prices failed to recover substantially and continued to struggle. The past seven days didn’t exactly go according to the intentions of bulls as the price of BTC is down about 9%, currently trading around $37,000. It all started last Friday when the price...Read More
This week was particularly turbulent in the cryptocurrency market. Bitcoin’s price crashed to $30K following comments made by Elon Musk, who keeps teasing Dogecoin HODLers. Meanwhile, we also saw old China FUD recycled yet again. Starting off with bitcoin’s price performance, the week was rather unfortunate for bulls. BTC is down about 25% in the...Read More
To say that last week was eventful would be an understatement. The entire market went through extreme volatility. Many altcoins charted new all-time highs and went through serious declines as well. Let’s start with Bitcoin. The cryptocurrency is currently down about 10% on the weekly – last Friday, it was trading at around $57K. Unfortunately,...Read More
In yet another move of further Bitcoin adoption, the American money transfer giant, MoneyGram, will allow users to buy and withdraw bitcoins from various brick-and-mortar locations. Cryptocurrencies continue to occupy the center stage of the fintech industry following a massive rally in both prices and popularity. Plenty of blue-chip and publicly traded companies have begun...Read More
The past seven days were particularly favorable for altcoins. This is mainly because bitcoin fails to produce any major gains in comparison, which has seen its total market dominance drop down to 44% – a level last seen back in 2018. It’s worth noting that the primary cryptocurrency is up more than 6% on the...Read More
S&P Dow Jones Indices has launched three new cryptocurrency indices. The S&P Bitcoin Index, S&P Ethereum Index, and S&P Crypto Mega Cap Index (a combination of Bitcoin and Ethereum) will allow retail traders to easily gain exposure to these two behemoth cryptocurrencies. A Long-Awaited Move People have been waiting for a traditional finance product that...Read More
The past week has been overall very favorable for the cryptocurrency market. The total capitalization grew to $2.15 trillion, which is a 17% increase. Most of it came from altcoins, however. At the time of this writing, bitcoin’s price trades at around $56,000 following a quick spike. It’s up 9% on the week and managed...Read More
During Visa’s Q2 2021 earnings call, the company showed interest in fully integrating a cryptocurrency payment system into its current infrastructure, with several interesting elements that would push the boundaries of the bridge between legacy finance and the crypto world as we know it. Most notably, Visa’s CEO Alfred Kelly stated that the company viewed...Read More
The past seven days were marked by considerable declines throughout the entire cryptocurrency market. Almost everything is in the red, with the total capitalization sliding beneath $2 trillion. There’s no other way of putting this – the past week was bad for bitcoin’s price. It was almost all downhill. The cryptocurrency was trading in the...Read More
This week was particularly eventful in the cryptocurrency market. Without a doubt, the highlight of it was the direct listing of Coinbase shares on Nasdaq. This is the first major cryptocurrency exchange to go public, and it did so in style. The trading opened at around $381 per share (ticked COIN), putting an opening value...Read More
Coinbase finally started trading on Nasdaq today. The leading US-based cryptocurrency exchange became the first major exchange to have its shares publicly traded. Coinbase’s direct listing on Nasdaq was undoubtedly one of the most highly anticipated events in the entire cryptocurrency industry and the fintech world alike. It took place moments ago, and according to...Read More
Apart from surpassing the $1 trillion level, bitcoin’s market capitalization is now worth more than two of the largest financial service companies – Visa and MasterCard – combined. Moreover, BTC’s market cap is also higher than several of the largest US-based banks, including JPMorgan, Bank of America, and Citigroup. Bitcoin Above Visa and MasterCard The...Read More
This week we saw altcoins taking for the skies as Bitcoin was rangebound. This led to a plummeting BTC dominance that hit a 2-year low. Bitcoin was trading slightly below $60K this time last week, and everyone had their hopes up that it would conquer this coveted level. Unfortunately, last Saturday, the price started showing...Read More
This week was undoubtedly bullish for the entire cryptocurrency market, which came inches away from $2 trillion. This happened as Bitcoin looks to reclaim $60K, Ethereum surged above $2,000, and BNB saw a brand new all-time high. In retrospect, it was up only for the entire market during the last seven days. Bitcoin started trading...Read More
PayPal will reportedly announce later today that it has started allowing consumers from the US to use cryptocurrency to pay at the millions of merchants that the payment processor supports. PayPal, the world’s leading online payment processor, will announce later today that it has started allowing US customers to use their crypto within its network, Reuters reports....Read More
Visa is to become the first large payments network to use a stablecoin as a settlement currency. By partnering with the popular cryptocurrency exchange Crypto.com, the San Francisco-headquartered giant will offer a crypto settlement system for fiat transactions based on the Ethereum blockchain. According to the announcement from earlier today, Visa has joined forces with...Read More
This week was tough across the board as both cryptocurrencies and legacy markets took a beating. Bitcoin was rejected at $60K and dropped all the way down to $50K, but, fortunately, it found support and is now attempting a recovery. The cryptocurrency started the week trading at around $59K and took a shot at the...Read More
Major Electric Vehicle manufacturer Tesla is now accepting bitcoin payment for its vehicles. As soon as the announcement saw daylight, In a tweet thread on Wednesday (Mar. 24, 2021), Tesla CEO Elon Musk announced that customers could pay for a Tesla vehicle with bitcoin. You can now buy a Tesla with Bitcoin — Elon Musk...Read More
This was an important week in Bitcoin’s history. For the first time ever, the price reached an all-time high above $60,000. Regardless, it was an intense few days in terms of price action, and many altcoins also experienced serious volatility. It all started last weekend. On Saturday, the price started trending upwards and managed to...Read More
On this day, exactly one year ago, Bitcoin saw one of its worst trading sessions in history. The cryptocurrency lost around 50% of its value and tapped a low at around $3,800. That’s also true for every altcoin, as well as for the traditional financial markets. Nevertheless, it’s safe to say that the cryptocurrency market...Read More
It has been precisely a year since one of the worst trading days in the history of all financial markets. On March 12th, 2020, the day that became known as Black Thursday, every market was painted in dark red as the health and financial consequences of the COVID-19 pandemic became real to the entire world....Read More
This week was tough across the board, not just in the cryptocurrency market. It was marked by a serious correlation between Bitcoin and the S&P 500, as well as the entire legacy market, in general. As CryptoPotato reported, the abovementioned correlation reached a 5-month high. While this seems to be bearish in the short term, given that...Read More
