Day: January 12, 2021

Bakkt Projects $3T for Crypto Market Pending Their New Deal

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Bakkt projects an all-round growth with a 75% surge in revenue by 2025. This means the value will be around $515 billion with a cash-flow positive expected to take effect in 2023.  On January 8, 2021, Bitcoin staged an unprecedented bull run to trade around $41,941 dominating the cryptocurrency market that was enjoying a record market cap of $1.1 trillion. The high addition of gains within a very short time coupled with the trillion market cap got some investors worried over what they claimed to be an impending burst. Despite…

Year in Review: 2020 Showed Bitcoin Is Here to Stay

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This past year has been a huge test for financial platforms. The first two quarters crashed the markets, as “coronavirus” and “lockdown” became the defining terms around the world. The reaction of financial assets was entirely predictable: oil plummeted to historic lows, including going negative on some exchanges, the dollar strengthened significantly relative to every other currency, and by the close of the first quarter some analysts were already predicting Bitcoin’s downfall. Nevertheless, trends toward stabilization and recovery were apparent even in the second quarter. Gradual border openings in the…

Nio Shares Up 6.4% on Monday as Company Unveils Its ET7 Sedan

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The shares of Nio are bound to see bigger moves particularly with the firm’s readiness to throw its gauntlet in churning out advanced technologies. The impressive performance from electric vehicle companies is not just limited to US-Based Tesla Inc (NASDAQ: TSLA), firms like Shanghai-based Nio Inc (NYSE: NIO) are also outperforming on US bourses evident in its shares which closed 6.42% higher on Monday and another 0.93% in the pre-market to $63.28 per share. The impressive growth of Nio comes following reports of the launch of the company’s new sedan…

Crypto Community Expects Bitcoin to Surge Amid Biden’s $3 Trillion Stimulus Plan

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Several reports have emerged regarding the plan to have a $3 trillion relief and infrastructure package amid the Covid-19 pandemic, to be implemented by the newly-elected president of the United States, Joe Biden. This has led various crypto enthusiasts to believe that Bitcoin will likely skyrocket as a consequence, seeing as, at that point, the US Dollar would pale in comparison to BTC as a store of value, which would further boost the cryptocurrency’s adoption rate. Crypto Community: Stimulus Packages Are Good for BTC and Bad for USD Since the…

Bitcoin price climbs 20% overnight as US banks brace for 40% profit cut

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The dollar value of Bitcoin (BTC) jumped 20% overnight leading into Jan. 12, as the world’s most well-known cryptocurrency recovered swiftly from a 27% decline suffered just days before. The broader cryptocurrency market followed suit on Tuesday, as over $150 billion flooded back into the global market cap on the same day. The spot price of Bitcoin jumped from $30,468 to $36,633 in a little over 15 hours leading into Tuesday morning, representing overnight gains of 20.2%. This returned a majority of the losses incurred by the coin over the…

Ethereum Price Drops 20% on Monday but Traders Are Bullish with Eth 2.0

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As the asset retested its all-time high, Ethereum traders and investors are eagerly awaiting the launch of CME’s Eth futures scheduled in four weeks.  Ethereum price tumbled more than 20% on Monday, having moved from $1,261.62 to lows of $924.92. However, the asset stabilized later in the day to close the day trading at $1,090.15, thus a change of approximately 13.59% during the day. The high liquidation saw Ethereum market price dramatically increase in its volatility. Notably, increased blockchain activity was accompanied by high transaction fees. Most Ethereum traders are…

BITCOIN EN TEPEYİ KIRDI, ETHEREUM'A DİKKAT, PİYASALAR KARIŞTI!

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Kripto paralarda Cuma indirimi hepimizi mutlu etti! Ethereum’da neler olacak, ethereum seviyeleri neler? Bitcoin tüm zamanların rekorunu kırdı, Bitcoin en tepeyi kırdı, piyasalarda şimdi ne olacak? Bu videoda altındaki alım fırsatında, ethereum, bitcoin, altcoinler, amerikan dolar endeksi, sp500 dan bahsettik. Amerikan dolar endeksi aşağıya kırdı fakat Euro Dolar’da da aynı şeyi bekliyorum. Temkinli olmakta fayda var. Ethereumun 623 seviyesini kırması lazım. #analiz #ethereum #bitcoin #kriptopara ✅ Kriptoparalarda Başarılı Yatırım Yapmak İçin ✅ Binance Üye Ol: 🔔 Youtube Abone Ol: ———————————————————- 🔔 Günlük…

Where does this 28% Bitcoin price drop rank in history? Not even in the top 5

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Bitcoin (BTC) may have dipped 28% in recent days but analysts have already put the scale of the losses firmly in context.  As noted on Jan.12 by Nathaniel Whittemore, host of The Breakdown Podcast, the period between 2016 and 2017 alone saw a grand total of six corrections that were larger than this week’s drawdown. BTC price correction bows to 2017 2017 is famous among market participants as being a record-breaking year for price action. In addition to 1,000% annual gains, Bitcoin saw multiple hurdles as it climbed to then…

Bakkt has no plans to support XRP, says CEO

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Bakkt, one of the biggest cryptocurrency companies in the United States, will not support XRP as part of its further product development, according to the CEO. On Jan. 11, Bakkt CEO Gavin Michael sat down with the Axios Re:Cap podcast to discuss the mainstream adoption of Bitcoin (BTC) and other digital assets. Michael said that Bakkt is planning to roll out support for a number of altcoins on its platform in the future, but XRP is not one of them. Michael declined to comment on whether the company decided to stay away…

Tesla (TSLA) Stock Down 8% amid Broader Market Correction

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TSLA stock price corrected as markets remained under pressure on Monday. However, Bofa Securities analyst still remains bullish on TSLA stock saying that it can enter an upward spiral anytime soon. On Monday, January 11, the automobile giant Tesla Inc (NASDAQ: TSLA) registered its first negative trading session for the year 2021. TSLA stock price tanked nearly 8% closing its trading session at $811. Monday’s correction ultimately put breaks on the continuous Tesla stock rally since December 25, 2020. Before Monday, TSLA stock registered 11 straight consecutive sessions of the…