The spread between the six-month ether and bitcoin implied volatilities fell to a two-year low of 13%, perhaps indicating that the cryptocurrencies’ fortunes are more strongly tied to each other than before. Implied volatility refers to investors’ expectations for price turbulence over a specific period. Source
Self-made wealthy individuals worldwide appear more likely to invest in cryptocurrencies like Bitcoin (BTC) as opposed to those whose wealth is mostly inherited, a new survey suggests. Wealth-X, a research startup focused on wealth information, released a new report on the peculiarities of crypto investments made by wealthy people worldwide on Thursday. This report is devoted to wealthy individuals with a net worth of $5 million and more, including those who are professionally involved in the crypto industry and those who have a general interest in the sector. As crypto…
A digital asset’s price rally rarely comes out of the blue. Before the token’s market value explodes, some collateral forces come into motion. The asset can suddenly attract abnormally high online attention, its trading volume can go up dramatically, or some market-moving information can go public that triggers the first two examples. Mastering the art of crypto trading means learning to see those subtle cues early on. Spiking trading volume is one of the signs that something interesting might be brewing around a crypto asset. Often, trading volume simply follows…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ishaan Thakur, 14, and his sister Aanya, 9, of Frisco, are making more than $35,000 a month mining mainly for the cryptocurrency, Ethereum. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Europe equity benchmarks and the U.S. index futures extended gains while crypto majors jumped as much as 7.6%. Source
The Bank of Uganda (BOU) has commenced a study that explores the feasibility of issuing a digital currency. However, an executive with the institution warned that the central bank needed to be clear why it must have this in the first place. Faster Movement of Money The Ugandan central bank is reported to have commenced studying the feasibility of issuing a CBDC that will be used by households and businesses. In addition, the BOU is reportedly planning to revise the country’s financial laws. The move enables the BOU to formally…
Stacks (STX) pared a considerable portion of the gains it made on March 10 as the euphoria surrounding its $165 million pledge to support Bitcoin (BTC) projects showed signs of fading. STX’s price dropped by over 30% to reach a level as low as $1.33 on Friday when measured from its week-to-date high of $1.94. The selloff, in part, appeared technical as the $1.94-top fell in the same range that served as solid support between October 2021 and January 2022, only to flip later to become a resistance area. STX/USD…
A large sum of money from a “Sleeping” Bitcoin was transferred after being dormant for more than a decade. Since the crisis between Russia and Ukraine and heightened pessimism about the future of the global economy, cryptocurrency values have been volatile. On Thursday, bitcoin’s price surged to a high of $42,592, after a two-day low of $38,300. After a brief period of optimism, BTC’s value returned to the $38K mark late Thursday. Related Article | Billionaire Investor Says Crypto Outlook Is ‘Very Bullish’ For Bitcoin However, despite the market’s volatility,…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ian Telfer, former chairman of Goldcorp, discusses with David Lin, anchor for Kitco News, that “peak gold” has already been achieved, and because of that, the price will not retrace to $1,200 an ounce in our lifetimes. Telfer recently addressed the Association for Mineral Exploration’s (AME) annual Roundup Conference in early February 2022. Follow David Lin on Twitter: @davidlin_TV ( Follow Kitco News on Twitter: @KitcoNewsNOW ( AME website: 0:00 – Resource sector 1:25 – Gold price outlook 2:45 – M&A in…
The landmark figure represents over $26 billion worth of the asset at current prices. Source