Emerging on-chain analyst Will Clemente says he’s closely watching the activities of two types of Bitcoin investors as BTC continues to trade above the $30,000 level. Clemente tells his 129,500 Twitter followers that a supply-side crisis may be on the horizon as investors with strong hands, or with little history of selling, pounce onto BTC …
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Bitcoin (BTC) starts a new week in familiar territory after a weekend of solid gains ended in a drawdown — what’s in store? With another rally to near $36,000 under its belt, the largest cryptocurrency is showing signs of strength, but old resistance levels remain in place. The conditions are complex — the ongoing miner …
Continue reading “An even bigger mining difficulty drop? 5 things to watch in Bitcoin this week”
The growth of stablecoins that are not fully backed by safe assets could trigger a destabilization in short-term credit markets, rating agency Fitch has warned. In a commentary note, the agency explained that coins that are fully backed by safe assets pose a lesser risk for the financial markets. The agency gives USD Coin (USDC), …
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The Philippine Stock Exchange (PSE) is aiming to be first in line when financial regulators give the green light for crypto asset trading in the country. On Friday, July 2, CNN reported that PSE president and CEO Ramon Monzon said the local bourse should be the country’s first exchange platform for crypto assets. He stated: …
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The crypto-friendly state of Wyoming has approved the first legally recognized Decentralized Autonomous Organization (DAO) in the United States. The American CryptoFed DAO received notice from the Wyoming Secretary of State’s office on July 1 recognizing it as a legal entity, according to a July 4 announcement. Marian Orr, CEO of the American CryptoFed DAO, …
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Leading DeFi money market, Aave, has announced plans to launch a permissioned version of its platform for institutional investors this month. The platform will be launched in partnership with crypto custodian and service provider, Fireblocks. On June 4, Twitter user “TraderNoah” shared a screenshot of an email they claim to have received after attending Blockworks’ …
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The crypto analyst and the host of Coin Bureau may be changing his mind about the Dogecoin (DOGE) copycat, Shiba Inu (SHIB). In a new strategy session dedicated only to Shiba Inu, the Coin Bureau host known as the Guy says that since Coinbase decided to list SHIB, he’s started to pay closer attention to …
The co-founder of the crypto derivatives exchange Hxro says he’s accumulating several crypto assets during the market downturn. In a new episode of Delta-Fi, Rob Levy says he’s not concerned about nailing the exact bottom of the crypto correction. ADVERTISEMENT As the markets search for direction, Levy says he’s accumulating Bitcoin, Ethereum, the relatively …
A popular crypto trader and analyst says he plans to scale out of Bitcoin once BTC hits a certain level. Kaleo, a trader who has amassed a large following in the current market cycle, tells his 329,900 Twitter followers that Bitcoin will likely surge more than 520% from its current value of $34,658 by the …
Binance says its crypto crowdfunding platforms have earned crypto holders significant gains since their inception. The exchange says Binance Launchpad and Binance Launchpool initially distributed a total of $143 million worth of tokens to crypto holders. ADVERTISEMENT All told, those crypto assets are now worth a total of $934 million, marking 553% worth of …
July 4, 2021 – New York, New York The NFT, Raising the Flag on Iwo Jima, breathes digital life to AP photographer Joe Rosenthal’s Pulitzer Prize-winning photo in honor of the 4th of July Ethernity, the community-oriented platform that produces limited edition authenticated non-fungible tokens (NFTs), is collaborating with the Associated Press (AP) to bring …
Prominent on-chain analyst Willy Woo says deep-pocketed crypto investors are pouncing on Bitcoin amid BTC’s growing fundamentals. Woo says Bitcoin whales, or entities holding between 1,000 and 10,000 BTC, are suddenly buying the leading cryptocurrency. ADVERTISEMENT “Whales: ‘Nom nom nom… BTC so yummy today.’” Source: Willy Woo/Twitter The top on-chain analyst adds that the …
Ether’s (ETH) $230 million options expiry on Friday appears to have shifted market sentiment in favor of the bulls, at least momentarily, as investors remain cautiously optimistic about the upcoming London hard fork and the prospect that Bitcoin (BTC) has established a firm bottom. ETH price update ETH rose more than 6.5% to $2,370 on …
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Digital asset manager and Bitcoin (BTC) ETF proponent Valkyrie Investments recently concluded a $10 million Series A funding round, once again highlighting growing investor interest in crypto-focused firms. In addition to Charlie Lee, who is a well-known entrepreneur in the cryptocurrency industry, the funding round also saw participation from XBTO, BTC Media, UTXO Management, Consolidated …
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In a recent CNBC survey of a group of portfolio managers and equity strategists, only 6% of respondents expect Bitcoin (BTC) to reach $60,000 in 2021. A large portion, 44% of the participants, predict Bitcoin to remain below $30,000 this year. From the remaining, 25% expect the recovery to reach $45,000 and the rest 25% …
Continue reading “Top 5 cryptocurrencies to watch this week: BTC, ETH, UNI, ICP, AAVE”
