ETH price sets new all-time high, gains financial momentum to go further

While Bitcoin has exhibited a stagnating monetary trend over the course of the last week or so, showcasing minor gains of just 3%, its crypto cousin Ether (ETH) seems to be on a roll by not only holding its own against the U.S. dollar but also consistently floating around the $1,300 threshold, and now ultimately, briefly surpassing the all-time high value of $1,428. It’s interesting to note that unlike Bitcoin (BTC), Polkadot’s DOT and Chainlink’s LINK, as well as a host of other decently sized altcoins, ETH is one of…

Ethereum competitor Near Protocol (NEAR) gains 106% as DeFi heats up

Near Protocol (NEAR) is a smart contract platform that uses parallel processing to scale the network. This technique, known as sharding, resembles what Eth2 is aiming to achieve and Near’s proof-of-stake consensus mechanism also allows token holders to stake their coins.  In the past month, NEAR has rallied by 107% and this raises questions on whether the project is making significant strides in what has become an ultra-competitive smart contract industry. NEAR/USDT (Binance). Source: TradingView Compared to its competitors, NEAR is a relatively new project as the mainnet only launched…

Polkadot gains 75% in one week — But can DOT price reach $20 next?

Bitcoin (BTC) has made significant moves already this year but altcoins are catching up. Once Bitcoin’s price starts to stabilize, the market environment becomes better for altcoins to begin their run.  One of the strongest performers in 2021 is Polkadot, as this cryptocurrency has been making new all-time highs day in, day out. Polkadot’s price rallied by 85% in 2021 and 75% in the past seven days, surpassing XRP in market capitalization. DOT price eyes $20 or higher after this rally DOT/USDT 1-day chart. Source: TradingView The daily chart of Polkadot shows…

DJIA and Other Wall Street Indices Remain Calm as Intel Leads Gains

Investors have been waiting on the sidelines with the impeachment developments of President Donald Trump as well as on the hope of the next stimulus package announcement by upcoming President Joe Biden. On Wednesday, January 13, the S&P 500 – the benchmark index of Wall Street – closed slightly higher as tech giant Intel Corporation (NASDAQ: INTC) provided a major boost. The defensive sectors like utilities and real estate were leading gains as investors waited on the sidelines for another round of fiscal stimulus. The Wall Street indices, including DJIA,…

These DeFi Tokens Have Double-Digit Gains as Bitcoin's Growth Tapers

As the recent price rally in bitcoin and ether cools down, investors and traders are taking a closer look at alternative tokens (“altcoins”), particularly those from the decentralized finance (DeFi) subsector. Multiple DeFi tokens this week saw double-digit gains, including 0x (ZRX), aave (AAVE), and maker (MKR). Prices for 0x were at $0.52 at the time of writing, up 20.42% in the past 24 hours, according to CoinDesk 20. Maker’s price, at the same time, saw near-160% growth year to date. “I think the biggest thing is bitcoin’s momentum finally…

Stellar Leads Crypto Gains as XLM Rallies by 49%; Pullback Ahead?

Stellar Lumens’ native token XLM was among the biggest gainers in the cryptocurrency market in the previous 24 hours, rising by roughly 49 percent in the US dollar-pegged markets. The XLM/USD exchange rate reached an intraday high of $0.313 after dropping to as low as $0.20 in the previous session. Traders flocked into the Stellar token owing to a general recovery across the crypto assets that saw top coins, including Bitcoin, Ethereum, and XRP, emerging from their respective session lows. Fundamentals Stellar primarily benefited from its accessible upside fundamentals. The…

Blockchain Bites: Crypto Market Cap Drops Below $1T as Dollar Gains

Bitcoin shaved off a clean 20% in trading early Monday, having failed to establish itself above $40,000. The index of all the crypto assets came down with it, with analysts calling the decline a healthy correction for an overheated market. “Hefty spot selling against an over-levered market caused the price drop,” trader and analyst Alex Kruger told CoinDesk’s Omkar Godbole. It is unclear whether it was miner selling or macro traders liquidating positions. Top shelf JPMorgan says…A bitcoin exchange-traded fund (ETF) might depress bitcoin’s price in the short term, if…

Bitcoin (BTC) Consolidates at $40,500 after Surging Closed to $42K, Gains 40% in 2021

Bitcoin has blasted nearly 40% since the beginning of 2021 as the world’s largest cryptocurrency surged all the way up to $42,000 hitting a new all-time high. Institutional interest in BTC continues to surge further. It has been a blockbuster beginning for Bitcoin and crypto investors to the year 2021. In an unstoppable journey, Bitcoin (BTC) price climbed all the way close to $42,000 to hit its new all-time high on Friday, January 8. Bitcoin continues its massive bull run further after a phenomenal run in the last year of…

This year will produce gains some might call 'shocking,' Diginex CEO says

Bitcoin (BTC) just recently broke through $35,000 as part of a tremendous price rally, in part the result of Bitcoin’s limited supply, according to Diginex CEO Richard Byworth.  “Bitcoin is in the process of starting its post halving bull cycle,” Byworth told Cointelegraph, adding: “The demand side of this equation has been expedited by enormous bank stimulus and investors seeking safe stores of value against increasing monetary inflation. As a result, a large proportion of financial institutions are now assessing their sizing for Bitcoin positions right now. This is leading…