A swift recovery from Bitcoin and altcoins are signals that BTC may have bottomed at $17,650. Bitcoin’s (BTC) sharp correction to $17,650 came as no surprise to investors and many expected the digital asset to fall as low as $16,000. Thus, the quick recovery back to $18,600 is intriguing and it bolsters the popular belief […]
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The news follows Bitwise withdrawing its SEC application for a Bitcoin Exchange-Traded Fund earlier this year. U.S. retail investors will be able to get exposure to Bitwise’s new crypto index fund — albeit indirectly. According to a Dec. 9 statement from Bitwise Asset Management, shares of its crypto index fund will begin public quotation on […]
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Bulls swooped in to buy Ethereum as it dropped to a critical support level and now they’ve set their sights on $590. Bitcoin’s Dec.8 breakdown to $17,650 weighed heavily on most altcoins and Ether was not spared from the carnage. Daily cryptocurrency market performance. Source: Coin360 As the price of Bitcoin (BTC) dropped precariously close […]
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Bitcoin and several altcoins have recovered sharply from their intraday lows, a signal that there is healthy demand at lower levels. in a recent Reddit “Ask Me Anything” session, billionaire Ray Dalio warned investors that the current astronomical pace of money printing is unlikely to stop in the near future and holding wealth in cash could […]
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As Bitcoin’s impressive run continues, it would not be surprising to see crypto FOMO reach institutional investors as well. With the crypto sector currently riding a wave of bullish sentiment, as demonstrated by Bitcoin (BTC) passing its all-time high value of $19,892 at the start of the month, causal as well as institutional investors all […]
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As Bitcoin dropped below $18,000, major altcoins including XRP and DeFi tokens fell by 10% to 30%. The price of several big-name alternative cryptocurrencies fell especially hard following a Bitcoin (BTC) pullback to $17,650 on Dec. 9. Namely, XRP and top decentralized finance (DeFi) tokens, YFI and AAVE, dropped by as much as 10% to 20% in […]
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The major British bank is “rewiring the DNA in banking” with crypto. Standard Chartered, one of the biggest banks in the United Kingdom, has officially announced plans to provide institutional custody for major cryptocurrencies like Bitcoin (BTC). According to a Dec. 9 announcement, Standard Chartered’s innovation arm SC Ventures has partnered with United States-based investment […]
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Learn more about a blockchain’s transparency with a block explorer. A blockchain, in its essence, provides a digital record of transactions. At present, this most often pertains to transaction records for cryptocurrencies like Bitcoin (BTC). The database of records, called blocks, is often touted for its transparency and immutability. But what do these features really […]
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More than 100,000 Ether, valued at $60 million, has already been locked up for Eth2 staking using Kraken within four days of the exchange launching the service. Just four days after it launched its Eth2 staking service, customers of the popular U.S.-based cryptocurrency exchange Kraken have deposited more than 100,000 Ether, worth north of $60 […]
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“I think a new investor could put 5% into Bitcoin. Bitcoin’s not going back to zero.” Galaxy Digital founder and CEO Mike Novogratz is encouraging investors to devote a larger percentage of their portfolios to crypto. In an interview with CNN’s Julia Chatterley today, Novogratz said he had “changed his tune” on previous advice that […]
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