According to Fidelity’s Jurrien Timmer, Bitcoin is currently undervalued. The benchmark crypto has been pushed back to 2020 levels after losing over 70% of its value in the past months. Related Reading | Crypto Traders Lose $280 Million Following Bitcoin’s Break Above $22,000 At the time of writing, Bitcoin has begun showing some green as it …
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Data shows the Bitcoin Coinbase premium gap has surged up to positive values, suggesting that buying from investors on the exchange could be behind the pump to $22k. Bitcoin Coinbase Premium Gap Observes Sharp Rise To Positive Values As pointed out by an analyst in a CryptoQuant post, after many months of negative values, the …
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As the week draws to a close, there have been some interesting turns in the price of bitcoin. The digital asset which had been struggling to hold the $20,000 had finally broken out of this funk and was able to make a rally to the mid $22,000s. This rally had naturally led to liquidations in …
Continue reading “Crypto Traders Lose $280 Million Following Bitcoin’s Break Above $22,000”
A popular crypto analyst is making a prediction for one Ethereum (ETH) rival while updating his outlook on Polygon (MATIC) and Bitcoin (BTC). Pseudonymous crypto trader Altcoin Sherpa tells his 180,000 Twitter followers he sees ETH challenger Solana (SOL) trading between a low of $20, and 200% higher at $60 for several months. “Potential range …
Government leaders are issuing new guidelines for how the US will engage and cooperate with foreign countries when it comes to crypto assets. According to a recent press release by the U.S. Department of Treasury, the heads of numerous government agencies created the new framework after President Joe Biden signed an executive order in March. …
In an unexpected turn of events, Tesla CEO Elon Musk announced his intention to end the $44 billion Twitter deal via a letter sent to the board of the social media giant. In short, the world’s richest man is not happy with the lack of information Twitter provided about spam and fake accounts. According to …
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Ether (ETH) price is up 16% since July 1 and has outperformed Bitcoin (BTC) in the last 7 days. The move could be partially driven by investors clinging to their hopes that the Ethereum network transition to proof-of-stake (PoS) consensus will be a bullish catalyst. The next steps for this smart contract involve “the Merge,” …
Continue reading “2 key Ethereum derivatives metrics suggest that $880 was ETH’s bottom”
Much to the chagrin of cryptocurrency investors across the ecosystem, the bear market has officially set in and brought with it devastating price collapses that have left relatively few unscathed. As the popular topic of conversation now centers on bearish predictions of how low Bitcoin (BTC) will go and how long this iteration of the …
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Regulate now or regret it later, United States Federal Reserve Board vice chairperson Lael Brainard told an audience at a Bank of England conference in London on Friday. Crypto has the same basic risks as tradition finance and needs “strong guardrails,” Brainard claimed, pointing to the recent downturn in market as proof. Brainard spoke the …
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Crypto lending companies are suspending withdrawals, but solvent firms like FTX and Nexo could come to the rescue. In recent weeks, various cryptocurrency lending companies have suspended withdrawals—and now, other companies are coming to the rescue. Nexo is a lending firm that was launched in 2018. It quickly rose to become one of the top …
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The Bitcoin price prediction revisits the resistance level of $22,000 as the king coin targets a $25,000 high. Bitcoin Prediction Statistics Data: Bitcoin price now – $21,792 Bitcoin market cap – $416.5 billion Bitcoin circulating supply – 19.0 million Bitcoin total supply – 19.0 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bearish (Daily …
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Financial infrastructure provider Banking Circle said July 8 that it has started offering payment acceptance, process, and settlement in USDC. Banking Circle’s Head of Virtual Asset Services Mishal Ruparel said it would be critical for banks to have the ability to process certain crypto assets as casually as they do fiat currencies. That’s why Banking …
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Ripio, an Argentina-based cryptocurrency exchange, announced the launch of two products, a cryptocurrency educational textbook to help newcomers navigate the crypto market, and a Web3 wallet that the company aims to position as an easy gateway to the metaverse. While other Latam-based exchanges have laid off some staff to survive the current market, Ripio is …
According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared in a recent letter to shareholders written by the company’s CEO Peter Smith. The Blockchain.com executive stressed that the firm “remains liquid, solvent and our …
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According to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work (PoW) mining. The principal assistant director for energy for the White House Office of Science and Technology Policy (OSTP) discussed the research report on July 2, 2022. The OSTP official, Costa Samaras, said if digital currencies plan to stick …
