3 reasons why Ethereum price is still on track to top $2,000

After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22.  The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded to a new all-time high even as Bitcoin price continues to trade in a slight downtrend. According to Cointelegraph, the increasing TVL and transaction volumes of the decentralized finance sector are behind Ether’s impressive surge. ETH/USD 4-hour chart. Source: TradingView To determine whether the recent pump reflects a potential local top, we’ll take a closer look at…

Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX

Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000. As Bitcoin price trade sideways, traders are keeping an eye out for new purchases from institutional investors in order to gauge whether BTC‘s correction is over. MicroStrategy’s recent purchase of 314 Bitcoin at an average price of $31,808 is a mild sentiment booster but it may not be enough to arrest the decline if buyers do not step in and sustain their purchases at higher levels. A recent timezone analysis by QCP Capital divided the Asia and…

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…

Brazil’s top exchange announces international expansion after raising $38M

Brazil’s largest Bitcoin exchange, Mercado Bitcoin, has announced plans to expand across Latin America. Chief executive Reinaldo Rabelo named Chile, Mexico, and Argentina as among the jurisdictions it will expand into first, comparing the “regulatory culture” in those countries to Brazil’s. According to Useful Tulips, Mexico is currently the fourth-largest Latin American country by peer-to-peer Bitcoin trade volume, with Chile ranking fifth, and Argentina ranking seventh. The strong P2P trade volume suggest there may be significant demand from local traders that is not met by centralized platforms. The announcement comes…

Top Russian bank Sberbank plans to launch its stablecoin by spring 2021

Sberbank, the largest state-owned bank in Russia, has reportedly filed an application with the Bank of Russia to launch a blockchain platform for its “Sbercoin” stablecoin. Sergey Popov, director of the transaction business at Sberbank, announced the news on Jan. 21 at a local financial event Russian news agency Interfax reports. At “Digital transformation and prospects for regulating the digital economy,” Popov said that Sberbank applied with the central bank in early January, explaining that the registration procedure usually takes no longer than 45 days. As such, the bank may…

Bitcoin whales are betting $40K isn’t the top as data hints bull run is only beginning

Bitcoin (BTC) whales clearly expect massive price rises in future as the number of wallets containing over 1,000 BTC ($35 million) hits an all-time high. Data from on-chain analytics resource Glassnode confirms that as of Jan. 20, there were in excess of 2,400 large-balance wallets. Whale wallets hit record highs In 2021 alone, 164 new 1,000+ BTC entities were created, together controlling around $6 billion. While these may not all denote whales increasing their positions, the numbers feed into an existing narrative of wealth transfer which has characterized Bitcoin’s latest…

Four of the top 70 crypto assets by market cap are Bitcoin

Tokenized Bitcoin is booming, with the increasing demand from DeFi combined with BTC’s recent meteoric price rise has resulted in three Bitcoin tokenization protocols ranking among the 70 largest crypto markets. According to popular market data aggregators CoinGecko and CoinMarketCap, Wrapped Bitcoin (WBTC) currently ranks as the 13th-largest market boasting a capitalization of $4.04 billion, with roughly 0.6% of Bitcoin’s supply currently locked in the protocol. Huobi BTC (HBTC) ranks 56th with a market cap of $660 million, followed by the 63rd-ranked renBTC (RENBTC) with a capitalization of $510 million.…

XRP At Risk Of Falling Out Of Crypto Top Five For First Time Since 2013

XRP has had an extremely difficult run since 2017 and things have only turned worse. But somehow despite the poor performance compared to its peers, it has managed to hold onto a top five rank by market cap dating back as far as 2013. However, the legal blow dealt by the United States Securities and Exchange Commission and the subsequent crypto exchange delistings, the altcoin is now at dangerous risk of falling out of the top five for the first time since back then. Here’s which cryptocurrency could take its…

Multiple DeFi mainstays crack top 20 in long-awaited ‘Great Repricing’

Hardcore decentralized finance (DeFi) adherents woke up today to a long-awaited sight on Coingecko’s top 100 rankings by marketcap: native tokens for popular DeFi platforms Synthetix and Aave have cracked into the top 20, an event DeFi observers have heralded as “The Great Repricing.” DeFi investors, users, and builders have long argued that the sector writ large is wildly undervalued relative to other cryptocurrency projects given DeFi’s growing userbases, cash flows from protocol fees, and soaring levels of activity compared to “zombie chain” layer-1 networks scattered throughout the top of…