Market Wrap: Bitcoin Hits $34.8K While Ether Volatility Skyrockets

Some bitcoin investors appear to be buying in around $30,000 and taking profits at $40,000, according to one analyst. Meanwhile, ether’s spot market is decoupling from bitcoin and gyrating wildly, according to volatility metrics. Bitcoin (BTC) trading around $32,963 as of 21:15 UTC (4:15 p.m. ET). Gaining 3.5% over the previous 24 hours. Bitcoin’s 24-hour range: $31,650-$34,893 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Jan. 22.Source: TradingView The price of bitcoin…

$45B DeFi market cap and soaring TVL suggest the best is yet to come

The decentralized finance sector continues to charge full steam ahead as multiple tokens notch new all-time highs and the total value locked in DeFi protocols grows with the passing of each week. Data from Messari shows projects like AAVE, Uniswap (UNI), SushiSwap (SUSHI) and Synthetix (SNX) have all rallied by double-digits, creating a positive feedback loop as more users engage with the protocols to yield farm and capitalize on flash loans. DeFi asset performance. Source: Messari As the price of Bitcoin (BTC) and Ether (ETH) has reached new highs in recent months,…

Coinbase to Offer Secondary Market on Nasdaq for Its Private Stock before IPO

This move by Coinbase will allow all its current and past employees as well other private stockholders to sell their stock before the IPO on the Nasdaq Private Market. World’s largest cryptocurrency exchange Coinbase has informed its shareholders that the company is soon to launch a secondary market for its private stock on the Nasdaq Private Market. Further details of the process shall be available today i.e. Monday, January 25 by noontime, said Coinbase. “On Monday, January 25 at noon PT you will receive an email from the Nasdaq Private…

The impact of Bitcoin hacking incidents in the crypto market

In the 2013–2017 period, 29 hacks occurred in the Bitcoin market where a total of 1.1 million Bitcoin were stolen. Noting that the average price for Bitcoin (BTC) in December 2020 exceeded $20,000, the corresponding monetary equivalent of losses is more than $22 billion, which strongly highlights the societal impact of this criminal activity.  What did crypto exchanges do to address this problem? Nowadays, about 90% of exchanges use some kind of cold storage system, which means that digital assets are stored offline. Keeping Bitcoin offline considerably reduces the threat…

Wrapped BTC (WBTC) Flips the Market Cap of Bitcoin SV (BSV)

Summary: Wrapped Bitcoin (BTC) has flipped the market cap of Bitcoin SV (BSV) $320 Million in market capitalization separates the two assets Demand for Bitcoin on Ethereum continues to increase and has fueled the growth of WBTC WBTC is also available on the Tron network  Wrapped Bitcoin (WBTC) has surpassed the market capitalization of Bitcoin SV (BSV). This milestone was identified by the team at Coinmetrics who shared it via the following statement and chart. With the increasing demand for Bitcoin on Ethereum, WBTC has flipped the market cap of…

CTT Cryptocurrency Massive move incoming! Bitcoin Market signals! XRP DEAD? Whales accumulating?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io INVEST IN YOUR EDUCATION. INVEST IN YOURSELF! cut off the netflix, STOP watching YOUTUBERS shilling exchanges, and trash pump and dump coins… trim the fat out of your life. we are at a crossroads. leave the baggage behind and move forward. This is not financial advice, i’m not a financial advisor. these markets are extremely volatile, please do your own research, and trade responsibly. NO ADs, No Sponsors, Nothing for Sale here… a Wealth of Knowledge, Free Indicators, daily Technical Analysis. INTERESTED…

Market Wrap: Bitcoin Back Above $33K While Ether Up 65% in 2021

Crypto markets have reversed course across the board and are flashing green Friday. Bitcoin crossed over $32,000 and ether is rallying hard in 2021 so far. Bitcoin (BTC) trading around $33,608 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous 24 hours. Bitcoin’s 24-hour range: $28,845-$33,873 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Jan. 19.Source: TradingView Bitcoin’s price was on an uptrend Friday, a marked reversal from the…

Crypto Economy Shaves $100 Billion, Digital Asset Markets Recover Some Losses – Market Updates Bitcoin News

Digital currency markets have dropped in value during the last two days as more than $100 billion was shaved off the entire crypto market valuation. Bitcoin slid to the lowest point of the year at $28,800 per unit on Thursday afternoon, and a number of other crypto-assets saw significant losses as well. Currently, as digital currency trading sessions head into the weekend, the crypto economy has regained some of the losses suffered during the last few days. Crypto Markets Attempt to Heal During the last 48 hours, the leading cryptocurrency…

What the Brazilian market can expect for 2021

2020 will be remembered as one of the most difficult years for contemporary societies: Countries and entire populations have faced lockdowns and economic crises, financial markets still suffer from the severe impacts of the economic recession, and more than 2 million lives have been taken by COVID-19. Despite this, other sectors have been impacted in other ways during the severe global health crisis — which still seems far from over, even though vaccines are beginning to be distributed in wealthy countries. Economies have radically digitalized, hedge assets have attracted mistrust,…

Crypto market cap falls by $113B as Bitcoin price tumbles to $28,750

On Jan. 21 the cryptocurrency market experienced an increased wave of selling pressure and within the last hour Bitcoin (BTC) price dropped below the $30,000 mark for the first time since Jan. 4.  BTC/USDT 4-hour chart. Source: TradingView Now that Bitcoin has lost the $32,000 and $30,000 support, a growing number of analysts are suggesting that the price could retest the $24,000 support. One theory behind the dip suggests that institutional investors viewed Bitcoin as a crowded trade and decided to take profits. As reported by Cointelegraph, Scott Minerd, the…