A late Wednesday/early Thursday pump higher in bitcoin (BTC) saw the price nearly punch through $36,000 for what would have been the first time since the spring of 2022. The move, however, appeared to trigger a wave of sell orders, with bitcoin now having tumbled almost $1,300 over the past few hours to the current $34,700. Original
Recent data has revealed the crypto exchange with the highest trading volume of Shiba Inu, indicating an upward trajectory for the digital asset as the volume continues to surge in the crypto exchange. The crypto exchange that has propelled Shiba Inu’s growth lately is the leading cryptocurrency platform, Binance. Shiba Inu Volume Doubles On Binance According to CoinMarketCap, Binance is the top crypto exchange for the Shiba Inu market. The total volume of Shiba Inu being traded in the crypto exchange has since experienced a double-figure growth over the past…
In this week’s issue of Crypto for Advisors, learn why direct ownership of crypto may be in the best interest of the client. Source
MicroStrategy purchased the bitcoin at an average price of $27,531, according to its earnings report on Wednesday. Original
SAB 121 has been chasing large banks and brokers away from the crypto sector, said Paul McCaffery, who works as a managing director focusing on digital assets at Keefe, Bruyette & Woods, a banking firm that services the financial sector. When people can’t find a regulated home for their assets, they go to the unregulated firms that are more prone to disaster, he argued. Source
A new report from on-chain analytics firm Glassnode highlights the strong performance of Bitcoin (BTC) and Ethereum (ETH) compared to traditional markets in 2023. According to a Nov. 1 Glassnode report, Bitcoin has appreciated 93% against gold so far this year. When priced in gold, Bitcoin is trading at the highest levels since September 2021, right before the major crypto market correction. The data illustrates Bitcoin’s potential as a hedge against inflation and economic uncertainty. Ethereum has also significantly outperformed gold in 2023, appreciating 39% against the precious metal. Glassnode…
Cardano (ADA) has undoubtedly claimed its spot as one of the frontrunners among the multitude of altcoins. The digital asset, known for its innovative approach to blockchain technology, has witnessed remarkable gains in recent days, leaving both crypto enthusiasts and investors curious about the trajectory it will follow in the coming weeks. The question that now lingers is, for how long will Cardano’s meteoric rise continue? To shed light on the potential outcomes for ADA this November, we must delve into its historical performance. Over the past five years, the…
Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives. BTC/USD 1-hour chart. Source: TradingView Bitcoin undoes post-Fed gains Data from Cointelegraph Markets Pro and TradingView tracked a retreating BTC price as it erased ground it reclaimed overnight. The largest cryptocurrency had hit new 18-month highs of $35,968 on Bitstamp before consolidating — a process that was gathering momentum at the time of writing. The highs had come on the back of encouraging language from Jerome Powell, chair of the United States…
Bitcoin (BTC) broke below $35,000 after the Nov. 2 Wall Street open as analysis warned of “overheated” derivatives. BTC/USD 1-hour chart. Source: TradingView Bitcoin undoes post-Fed gains Data from Cointelegraph Markets Pro and TradingView tracked a retreating BTC price as it erased ground it reclaimed overnight. The largest cryptocurrency had hit new 18-month highs of $35,968 on Bitstamp before consolidating — a process which was gathering momentum at the time of writing. The highs had come on the back of encouraging language from Jerome Powell, Chair of the United States…
We’re driven by status, too – something that has fueled much of the activity in NFTs. NFTs are more than digital assets: they denote social standings, group affiliations and taste. NFTs unlock unique experiences in IRL spheres, offering nuanced social and cultural interactions. While the tokens themselves hold speculative value, for some, the experiences, communities, and new social strata they enable are priceless. The most powerful status markers are earned, not simply bought – and crypto offers a powerful array of tools and experiences for both how tokenized “status” can…