CryptoQuant CEO Ki Young Ju is highlighting a possible catalyst driving Bitcoin’s selling pressure as the leading cryptocurrency now trades below $30,000. In a CryptoQuant quick take, the head of the on-chain analysis firm points to the exchange whale ratio, an on-chain indicator that tracks the activity of deep-pocketed investors by dividing the top 10 …
Yearly archives: 2021
Crypto joins stocks in ‘extreme fear’ after Bitcoin loses $30K support
Bitcoin (BTC) failed to regain $30,000 after losing support on July 20 as fear & greed indices raced each other to the bottom. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price stays below $30,000 waterline Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continue trading in the $20,000-$30,000 zone on Tuesday. The largest cryptocurrency …
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Majority of institutional investors ready to buy digital assets, study says
New data shows that institutional investors’ interest in cryptocurrencies and crypto-related businesses is continuing to grow. Fidelity Digital Assets, the crypto arm of the global asset management giant Fidelity Investments Inc, tasked Coalition Greenwich to survey 1,100 institutional investors to understand their expectations regarding digital asset investments. The majority of surveyed investors expected to invest …
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Bitcoin crashes below $30K, but on-chain data suggests accumulation is brewing
Despite Bitcoin crashing below $30,000 for the first time in one month, on-chain metrics suggest whales may be steadily accumulating BTC. According to Glassnode’s July 19 “The Week On-Chain” report, the Bitcoin reserves of centralized exchanges have continued to evaporate despite the recently sustained bearish momentum, with an average of 36,000 Bitcoin (worth roughly $1 …
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Crypto Analyst Predicts 430% Rally for Ethereum, Says Bitcoin Flippening Likely – Here’s When
A popular crypto trader and analyst is suggesting that Ethereum’s price could jump 430% by 2022. The trader, known as Capo, says that he is betting on Ethereum (ETH) over Bitcoin (BTC) if the crypto market enters a new bullish period. ADVERTISEMENT He also bets that ETH will flip BTC’s market cap and become …
BlockFI ordered to stop onboarding New Jersey-based customers
The New Jersey Bureau of Securities had issued a cease and desist order to centralized crypto lending firm, BlockFi, preventing it from onboarding new interest account clients in the state. The news was first broken by Forbes on July 19, with the outlet citing an undated, unpublished draft press release which revealed that the New …
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Bitcoin falls to sixth for daily revenue, with just 12% of Ethereum’s fees
Ethereum appears to be extending its fee dominance over Bitcoin by roughly 10 times, with Bitcoin currently ranking just sixth by weekly fee generation. According to CryptoFees’ data for July 18, the Bitcoin network had generated $725.7 million in daily fees on average over the past seven days, and less than $400,000 worth of fees …
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Axe reveals limited run of Dogecoin-themed body spray
Popular male grooming product manufacturer, Axe. is set to launch a limited run of Dogecoin (DOGE)-themed body spray dubbed “Dogecan.” Axe’s Dogecans will be given out for free, with consumers encouraged to register on the firm’s website for a chance to receive a can. However, the marketing campaign appears to be unavailable to DOGE fanatics …
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Treasury secretary Yellen urges lawmakers to quickly introduce stablecoin guidelines
United States Treasury Secretary Janet Yellen has told financial regulators that the government must act quickly to establish a regulatory framework for stablecoins. The comments came at Monday’s meeting of the President’s Working Group on Financial Markets. The group discussed the rapid growth of stablecoins, revealing plans to issue regulatory recommendations in the coming months, …
Ethereum founding member quits crypto, downplays its overall use case
One of Ethereum’s founding members has stepped down from the crypto space to concentrate on work in other impactful industries, reported Bloomberg over the weekend. Anthony Di Iorio, who worked with Vitalik Buterin, Charles Hoskinson, Gavin Wood, and other developers in 2013 to build the blockchains of blockchains, is additionally even downplaying the overall use …
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Grayscale just launched a new DeFi fund. But is 50% of that Uniswap (UNI)?
Leading crypto asset management company Grayscale Investments has announced that it would be launching a DeFi Fund and Index, the firm second-ever diversified investment product, as per a release today. Today we’re unveiling Grayscale DeFi Fund, our second diversified investment product, which tracks the @CoinDesk #DeFi Index. Accredited Investors are now able to gain exposure …
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Binance Enters Popular Venezuelan Dollar Indexes as Currency Plunges 10% in One Week
Binance, the leading P2P exchange in Venezuela, is now present in several popular dollar indexes in the country. The price of USDT on Binance’s P2P platform is now used to calculate the average price of the dollar with other P2P and electronic markets. The Venezuelan currency, the Bolivar, took a plunge last week losing 10% …
Investment Advisor Says Bitcoin Is ‘Very Dangerous to Hold Today’ Citing Warnings by Regulators
Investment advisor and former Prudent Bear Fund manager David Tice has warned about investing in bitcoin. Citing “negative statements” by central bankers and regulators, such as the Bank of England, he said that it is “very dangerous to hold” bitcoin today. Investment Advisor David Tice Warns It’s Dangerous to Invest in Bitcoin David Tice, who …
Elon Musk Reaffirms Support for Dogecoin, Changes Profile Picture — DOGE Trading Volumes Jumped 1,250% in Q2
Tesla and Spacex CEO Elon Musk has continued to tweet about the meme cryptocurrency dogecoin. He has changed his profile image on Twitter to include an image of the Shiba Inu dog that represents dogecoin. He also tweeted that his son is “hodling his Doge like a champ.” Meanwhile, dogecoin’s trading volumes soared 1,250% in …
Bitcoin investment product volumes fall to 38% of YTD average
Institutions are continuing to sit on the sidelines of the Bitcoin markets, with BTC investment products volumes dropping to just 38% of its year-to year-to-date (YTD) average over the past week. According to CoinShares’ July 19 Digital Asset Fund Flow Weekly report, Bitcoin investment products generated roughly $3.9 billion worth of daily trade from July …
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