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BTC Set for Worst Week Since March, Riskier Assets Sold off

Bitcoin was headed on Friday for its worst week since March as a rout in global bond markets sent yields flying and sparked a sell-off in riskier assets. The world’s biggest cryptocurrency slipped as much as 6% to $44,451 before recovering most of its losses.

People Who Bought Bitcoin in 2017 Becoming Strongest HODLers

Bitcoin (BTC) may be worth almost three times more than at the height of its 2017 bull run, but a lot of hodlers from that time refuse to sell. The latest data from Bitcoin financial services firm Unchained Capital shows that 2017 buyers control an increasingly large amount of the BTC supply.

What’s Worse: Tesla at $1 Trillion or Bitcoin at $50,000

Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy. During an interview at the Daily Journal’s annual shareholder’s meeting, Munger was asked whether he thought it was crazier for bitcoin to hit $50,000 or for Tesla to reach a $1 trillion fully diluted enterprise value, he said: “Well I have the same difficulty that Samuel Johnson once had when he got a similar question, he said, ‘I can’t decide the order of precedency between a flea and a louse,’ and I feel the same way about those choices.

Bitcoin Steams to new Record and nears $1Tn Market Cap

Bitcoin hit yet another record high on Friday, and moved within sight of a market capitalisation of $1 trillion, blithely shrugging off analyst warnings that it is an “economic side show” and a poor hedge against a fall in stock prices.

BTC at $1M? Analysts are Bullish but Some Warn of New Risks

Bitcoin could rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager. But JPMorgan warned of risks ahead as the cryptocurrency continues to rally.

BTC at $1M? Some Analysts are Bullish but others Warn of Risks Ahead

Top 3 DeFi Lending Protocols Exceed $20B in Deposits

There has been no slowdown in the amount of collateral pouring into the leading decentralized finance protocols this year. DeFi’s leading three lending protocols have amassed approximately $20 billion according to Dune Analytics.

Bitcoin Smashes Through $51,000 to Hit new All-Time High

KEY POINTS Bitcoin hit a fresh record high of $51,715 on Wednesday, according to data from Coin Metrics. Major investment banks appear to be warming to bitcoin, while Tesla and other firms have also shown support for the cryptocurrency.

Bitcoin Within Whisker of $50,000

Bitcoin hit a new record high $60 shy of $50,000 on Tuesday, extending a sharp rally that has been mostly fuelled by big investors beginning to take digital assets seriously.

MicroStrategy to Borrow $600 Million to Buy more Bitcoin

Major bitcoin corporate backer MicroStrategy will borrow $600 million to buy more of the currency, it said on Tuesday, as the cryptocurrency surged past $50,000 in value. Shares of MicroStrategy, the world’s largest publicly traded business intelligence company, rose more than 4% on the news, adding to their meteoric 580% surge in the past year.

BTC Rally Falters Just Short of $50К, Investors Take Profit

Bitcoin stalled just short of the $50,000 mark on Monday and other cryptocurrencies slipped, as investors took profit from a record- breaking rally that is being driven by a worldwide shift in investor and public attitudes towards digital assets.

Darknet Crypto Kingpin JokerStash Retires on Illicit $1B Run

The kingpin or kingpins of the world’s biggest illicit credit card marketplace have retired after making an estimated fortune of over $1 billion in cryptocurrency, according to research by blockchain analysis firm Elliptic shared with Reuters.

CME’s Ether Futures Drove more than $30M Volume on First Day

The launch of Chicago Mercantile Group’s highly anticipated Ether futures saw more than $30 million worth of contracts traded during the first day of trade. Launched on Feb. 8, CME’s new Ether product saw 388 contracts traded in its first day, with 303 of the contracts being mobilized to speculate on February’s price.

Musk’s Bitcoin Bet Fuels Gains in Companies Already Invested

Shares of companies that have invested in bitcoin have vastly outperformed on Wall Street in 2021 and are extending their gains thanks to Tesla’s $1.5 billion bet on the soaring digital currency.

Bitcoin Extends Gains above $47,000 in Asia

Cryptocurrencies extended gains in Asia on Tuesday, with bitcoin and Ethereum reaching record highs, in the wake of a Tesla Inc investment in bitcoin. Bitcoin posted its largest daily percentage gain in more than three years overnight, after Tesla made the announcement in its 2020 annual report.

ETH Represented 80% of Last Week’s Institutional Inflows

Crypto asset manager CoinShares has reported that investment inflows into institutional cryptocurrency funds surged last week, and the majority of it was Ethereum. The report states that of the $245 million crypto inflow last week, 80% of it or $195 million was invested into Ether products ahead of the launch of the Chicago Mercantile Exchange Ethereum futures contracts on Feb.

Musk's Bitcoin Investment Follows Months of Twitter Talk

Feb 8 (Reuters) - Tesla’s $1.5 billion Bitcoin investment unveiled on Monday may not surprise CEO Elon Musk’s followers on Twitter, where he has shown himself as a major proponent of the soaring cryptocurrency.

Dogecoin Smokes Its All-Time High After Snoop Dogg Becomes Snoop DOGE

The price of meme cryptocurrency dogecoin (DOGE) soared more than 55% Sunday, setting a new all-time high, after American rapper Snoop Dogg joined DOGE booster-in-chief Elon Musk and Kiss rock star Gene Simmons in tweeting a meme of a Shiba Inu, the dog breed that represents the DOGE token.

Dogecoin Smokes Its All-Time High After Snoop Dogg Changes

MEW Now Provides Access to 2000 DeFi and NFT DApps on Mobile

Ethereum wallet and interface MyEtherWallet, or MEW, has brought decentralized applications to its 1.3 million monthly users through a new “DApps Browser” feature in the MEW mobile app. The collaboration with DApp analytics site DappRadar opens the door for MEW users to access more than 2,000 Ethereum based decentralized applications including DeFi and NFT based protocols directly from their smartphone.

BTC Hits $36,800 Shortly after ETH Closes above $1,500

On Feb. 2 Ether (ETH) saw its price breakout to a new all-time high at $1,555 as increased activity in the derivatives market provided clear signals that traders were bullish on the long-term prospects of the largest altcoin by market capitalization.

California Pension Fund Loaded Up on RIOT Shares During BTC Q4 Rally

California’s $441 billion public pension fund increased its stake in bitcoin miner Riot Blockchain (RIOT) nearly sevenfold in last year’s Q4 amid the meteoric run-up in the price of bitcoin.

Ethereum Posts new Pighs as DeFi Gas Fees go Through Roof

Ethereum’s gas fees are again spiking to record highs, rendering many decentralized finance protocols unusable for casual investors. After increasing roughly 20% in the last 24 hours, average Ethereum transaction fees are now sitting at a record $17.

U.S. Pension Fund Loaded Up on RIOT Shares Amid BTC Q4 Rally

California’s $441 billion public pension fund increased its stake in bitcoin miner Riot Blockchain (RIOT) nearly sevenfold in last year’s Q4 amid the meteoric run-up in the price of bitcoin.

Coinbase Bitcoin Outflows are ‘Bullish Signal’

Recent Bitcoin (BTC) outflows from Coinbase are reminiscent of the “proof-of-keys” days and could be a sign of a bullish future, according to CryptoQuant CEO Ki Young Ju. Data from the cryptocurrency analysis firm shows that more than 15,200 BTC, currently worth over $515 million, were withdrawn from Coinbase on Jan.

Grayscale is Buying BTC 54% Faster than Mined so Far in 2021

Digital asset manager Grayscale is showing little signs of slowing down its Bitcoin accumulation, adding around 40,000 BTC to its stash since January 13. That’s around $1.36 billion worth of Bitcoin in just 16 days.

Musk Says He’s a Bitcoin ‘Supporter,’ Buffeting Price Again

Elon Musk once again sent ripples through the price of Bitcoin after declaring that he’s a supporter of the largest cryptocurrency. Speaking on social audio app Clubhouse, the billionaire said at this point he thinks “Bitcoin is a good thing,” adding he’s “late to the party” and should have bought the cryptocurrency eight years ago.

Bitcoin Reverses Wednesday’s Losses, Ether Climbs

Bitcoin’s price reversed Wednesday’s losses on Thursday. Traders and analysts, however, have largely kept a short-term bearish view because some are attributing gains in bitcoin and other cryptocurrencies to GameStop’s stock drama.

DOGE Tweet Volume up 1800%, Becomes 1st One to Surpass BTC

Dogecoin (DOGE), a meme coin created as a joke, has seen a groundswell of Twitter activity in the past 24 hours after attention was thrown on the coin by the now-infamous Reddit group responsible for pumping the share price of GameStop.

Bubble-Wary Markets Eye ETF Crush in Tech and Crypto

Is the presumed proliferation of market bubbles just speculative froth among amateur traders or is concentrated institutional money blowing big soapy spheres that interconnect and may inevitably burst each other?

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.

Harvard, Yale Have Been Buying Bitcoin for at Least a Year

Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at Coinbase and other exchanges, CoinDesk has learned.

Aave Hits $288 High as Demand for Flash Loans, Staking Jumps

Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90. The decentralized finance protocol is one of the most popular in the market and the recent rally in the DeFi sector is one of the driving forces behind AAVE’s rally.

Crypto Market Cap Falls by $113B as BTC 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.

BTC Losses Gather Pace, With Prices Nearing Three-Week Low

Bitcoin closed in on the lowest in three weeks as the cryptocurrency’s sizzlying rally gives way to pessimism that prices are too high. Bitcoin tumbled 5.9% on Thursday, sliding below $33,000.

BlackRock to Add Bitcoin as Eligible Investment to Two Funds

BlackRock Inc is adding bitcoin futures as an eligible investment to two funds, a company filing showed, in a move to bring the world of cryptocurrency to its clients.

Ripple Pins Hopes on Biden as Co-Founder Sells 28.6M XRP

After ending 2020 facing a lawsuit from the U.S. Securities and Exchange Commission under Donald Trump’s administration, Ripple’s leadership is looking to the new year and a new U.S. President to bring a change in regulations more favorable to the firm.

3 Reasons why ETH has been Rising Faster than BTC Price

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has been soaring since the beginning of the new year. What’s more, it has outperformed Bitcoin (BTC) since Jan.

US Crypto Control to Return BTC to its Digital Cash Origins

The United States Financial Crimes Enforcement Network, or FinCEN, recently proposed a series of new regulations applying to financial institutions dealing with digital currencies, such as Bitcoin (BTC). To summarize the proposed regulations, exchanges would essentially be required to file a report with FinCEN when a customer makes a purchase in excess of $10,000, and gather Know Your Customer information any time a transaction of $3,000 or greater is conducted using a non-custodial wallet.

BTC Open Interest Hits $8.8B, 45% of BTC Options Expire Soon

Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion as (BTC) price rose to a new all-time high.

Bitcoin Open Interest Hits $8.8B as 45% of BTC Options Expire in 2 Weeks

Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion as (BTC) price rose to a new all-time high.

Iran Reportedly Seizes 45K Bitcoin Mining Machines

According to a report by local media outlet Tasmin News Agency on Sunday, 45,000 mostly powerful application-specific integrated circuit (ASIC) machines were confiscated. ![Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations][1]

Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations

Grayscale Investments Liquidates All of its XRP…While it Can

Institutional crypto-fund manager Grayscale Investments has begun the dissolution of its XRP Trust in response to the Security and Exchange Commission’s December 2020 lawsuit alleging the XRP token is a security under U.

BTC Claws Back to $36.4K, 25% of ETH Options Expire in March

Bitcoin is making gains, though much of the day saw the cryptocurrency in a holding pattern. Meanwhile, a quarter of ether options are expiring in March, meaning traders are making some bets on the first fiscal quarter of 2021.

Crypto Leaders Worry over Threat from ‘Big Tech’ Censorship

Social media users are leaving traditional providers in droves in favor of more independent platforms over fears of unwarranted data collection, censorship, and refusal of service. A change to WhatsApp’s terms of service has triggered a mass exodus from the messaging platform to more private and independent rivals like Telegram and Signal, which have registered millions of new users over the last week.

Top 100 BTC Addresses Accumulated $11B More BTC in 30 Days

The top 100 richest Bitcoin addresses are increasingly bullish, accumulating 16% more Bitcoin over the last 30 days. In total these addresses added 334,000 more Bitcoin to their bags, or around $11 billion worth.

BTC Active Addresses, Trading Volumes Now at All-Time Highs

Data from CryptoCompare shows that bitcoin trading volumes on the eight major exchanges tracked on the CoinDesk 20 have passed $11 billion, a new all-time high from the previous record during 2017’s crypto bull market.

Institutional Crypto Fund Inflows Drop 97% in Three Weeks

Capital inflows into crypto funds and investment products plummeted during the first week of January after posting new all-time highs in late-December. According to crypto fund manager CoinShares’ Jan. 11 Digital Asset Fund Flows report, the first week of trading in the new year saw just $29 million flow into institutional crypto products.

Nearly $170B Wiped off Cryptocurrency Market in 24 Hours

KEY POINTS Bitcoin and other digital coins tanked on Monday wiping off some $170 billion from the entire cryptocurrency market. Bitcoin, the largest cryptocurrency, fell over 11% from a day earlier to $35,828.

Crypto User Recovers Long-Lost Private Keys to $4M in BTC

A student has claimed to have found private keys accidentally HODLed starting as early as 2011 which will unlock more than $4 million in Bitcoin. According to a throwaway account from BitcoinHolderThankU, the Reddit user was able to cash out roughly $4.

BTC slides more than 5% after topping $40,000 for first time

Bitcoin fell more than 5% on Friday, a day after topping $40,000 for the first time. The world’s most popular digital currency slid to as low as $36,618.36 on Bitstamp exchange, after reaching an all-time high of $40,402.

Google Searches for ‘Ethereum’ Hit all-Time High

More people are searching for the word “Ethereum” now than ever before in its history. Google Trends reveals that the number of Google searches currently being performed for “Ethereum” is at an all-time high, eclipsing search interest during the height of the last ETH bull run.

Crypto Market Value Tops $1 Trillion as Bitcoin Hits $38,000

The total market value of cryptocurrencies surpassed $1 trillion for the first time Thursday amid a frenzied and volatile rally in Bitcoin to yet another record. Cryptocurrencies hit the milestone after a fivefold climb in market value in the past year, data from tracker CoinGecko shows.

Expected Rise in Ether-Bitcoin Volatility Points to Altcoin Season Ahead

The spread between the six-month implied volatility (IV) for ether (ETH, 7.29%) and bitcoin (BTC, 9.46%) – a measure of the expected relative price volatility between the two – has risen to a record high of 46%.

Possible ETH-BTC Volatility Rise Opens Altcoin Season Ahead

UK Crypto Community Reacts as FCA Derivatives Ban Goes into Effect

On Wednesday, the decision by the United Kingdom’s Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect. The FCA initially announced the ban back in October 2020 following a year-long consideration of the matter.

UK Crypto Society Reacts, FCA Derivatives Ban Takes Effect

Bitcoin Soars Above $35,000, Hitting new High

Bitcoin soared on Wednesday to touch an all-time high, as the cryptocurrency continued trading wildly. ![Bitcoin Soars Above $35,000, Hitting new High][1] The price of bitcoin rallied to trade above $35,000 as of about 2:11 a.

Investment Bank Predicts Crypto to Hit $188,000 in Long Term

One of the world’s largest investment banks has theorised that cryptocurrency Bitcoin could reach as high as US$146,000 ($188,430), but it won’t happen in 2021. In a research note, JPMorgan & Chase analysts claimed that as money from traditional gold investments flowed to Bitcoin, the two would compete for investment capital.

Jed McCaleb Sold $400M Worth of XRP in 2020

Stellar CTO and Ripple architect Jed McCaleb cashed out a whopping $411 million in XRP in 2020, according to an updated report from blockchain analytics account Whale Alert. McCaleb sold 1.

BTC could rise to $146,000 long-term, it competes with gold

Bitcoin’s remarkable ascent past $30,000 has stunned Wall Street — and one of the biggest U.S. investment banks thinks the digital currency could have much further to run. In a note published Monday, JPMorgan made a bold long-term price target for bitcoin, claiming the red-hot cryptocurrency could rally as high as $146,000 as it competes with gold as an “alternative” currency.

JPMorgan Sees $146,000-Plus Bitcoin Price, Long-Term Target

Bitcoin may have the potential for substantial further gains over the long term as it competes with gold for investment flows, according to JPMorgan Chase & Co. ![JPMorgan Sees $146,000-Plus Bitcoin Price, Long-Term Target][1]

Bitcoin Slumps, Slamming Brakes on New Year Rally

Bitcoin fell sharply on Monday, losing ground from a record high of $34,800 touched a day earlier, with traders citing volatility in highly leveraged futures markets. Bitcoin fell more than 14% after earlier touching as high as $33,670, wiping out more than half its 20% rally from New Year’s Eve to a record $34,800 on Sunday.

Bitcoin Inches Closer to $30,000 with New All-Time Highs

Bitcoin (BTC) returned to hitting records on Dec. 30 after a fresh rebound took it above its $28,400 all-time high. Data from Cointelegraph Markets and TradingView showed BTC/USD tackle its existing historic top during trading on Wednesday.

Ripple Vows to Respond After Exchange Delistings of XRP

With XRP plunging in value following a wave of exchange delistings and trading suspensions, Ripple Labs issued a statement Tuesday vowing to respond to the United States Securities and Exchange Commission’s allegations against the company.

Ripple vows to respond to SEC ‘attack’ amid exchange delistings of XRP

Chart Points to BTC ‘Peaking Out’ in Early 2021, Trader Says

Bitcoin could be headed for a breather in the new year. The red-hot cryptocurrency continued its longest monthly win streak in more than a year on Monday after grazing a new all-time above the $28,000 mark on Sunday.

Coinbase Announces it will Suspend XRP Trading

Major cryptocurrency exchange Coinbase will suspend trading for XRP in response to the United States Securities and Exchange Commission taking legal action against Ripple. According to a blog post published today by Coinbase chief legal officer Paul Grewal, the exchange will fully suspend XRP trading starting on Jan.

Bitcoin Tops $28K for 1st Time, Hours After Crossing $27K

Recently, BTC has been leaving a string of broken records in its wake after passing the psychologically key $20,000 mark for the first time on Dec. 16. In the last several days BTC seems to found yet another gear, breaking through $25,000 Friday night for the first time, and going through $26,000 Saturday afternoon like a hot poker through one-ply tissue.

SEC vs. Ripple: Predictable but Undesirable Development

The U.S. Securities and Exchange Commission has not been kind to crypto in the past year. In March 2020, in the SEC v. Telegram case, the Commission won a worldwide injunction against the proposed issuance of Grams by Telegram, undoing years of innovative work even in the absence of any allegations of fraud.

Bitcoin Dominance Hits 1-Year Peak Amid XRP Sell-Off

Bitcoin (BTC) kept the volatility coming on Dec. 23 as a dive to $22,800 sparked a lightning-fast rally to classic $24,000 resistance. Data from Cointelegraph Markets, Coin360 and TradingView tracked BTC/USD as factors including panic among XRP traders made unstable conditions prevail.

Coinbase ‘Between Rock and Hard Place’ on Delisting XRP

What happens when a cryptocurrency once positioned as a regulator- friendly alternative to bitcoin gets heat from regulators? Exchanges that trade XRP are about to find out. ![Coinbase ‘Between Rock and Hard Place’ on Delisting XRP][1]

FinCEN’s Proposed Crypto Wallet Rule Might Hit DeFi

A proposal by the U.S. Financial Crimes Enforcement Network (FinCEN) that would require crypto exchanges to collect personal information, including names and home addresses, from individuals seeking to transfer cryptocurrencies into their own wallets is poorly defined and could have widespread repercussions, say a number of regulatory experts.

US Regulators Set New Expectations for Stablecoin Issuers

A group of leading U.S. financial regulators has released a new statement on stablecoins. One of the headlining topics of crypto regulation news this year, stablecoins were the main topic of a Dec.

BTC Rises 5% after US Congress Passes ‘$900B ad for Bitcoin’

Bitcoin (BTC) price hit highs above $23,500 on Dec. 22 as Monday’s weakness flipped to see bulls challenge previous levels. Data from Cointelegraph Markets, Coin360 and TradingView show BTC/USD returning to positions lost over the weekend, topping out at $23,625 at publishing time.

U.S. SEC Charges Blockchain Company Ripple for Conducting Unregistered Securities Offering

The U.S. Securities and Exchange Commission (SEC) on Tuesday charged Ripple, the blockchain payments company associated with the cryptocurrency XRP, with conducting a $1.3 billion unregistered securities offering. The SEC also charged two executives of San Francisco-based Ripple for personal gains they received from the offering.

U.S. SEC Charges Ripple for Unregistered Bonds Offering

BTC Gains don’t Seem ‘so Wild’ Compared to Stocks Like Tesla

Compared to major market indexes that breached record highs despite the Covid-19 economic fallout, bitcoin appears “less volatile” than before. That’s according to Meltem Demirors, chief strategy officer at CoinShares, which sells investments in digital currencies.

BTC headed for Christmas volatility, 100K BTC options expire

In a Monday tweet, crypto data provider Skew reported that 102,200 Bitcoin (BTC) options will expire on Friday. Options contracts allow holders to buy or sell Bitcoin at a specific price, which is known as the strike price.

SEC Set to Sue Ripple with XRP in Crosshairs

Ripple will be sued by the SEC for allegedly selling unlicensed securities in the form of XRP tokens, according to Fortune. In a move reminiscent of Coinbase’s recent front-running of a New York Times expose of its alleged treatment of employees of color, Ripple CEO Brad Garlinghouse has taken the unusual step of posting to Twitter to seemingly legislate the issue in the court of public opinion.

Bitcoin Price Drops to $22.4K after Weekend All-Time Highs

Bitcoin (BTC) lost $23,000 support on Dec. 21 as Monday trading saw a long-awaited correction begin to take shape. The move comes as U.S. futures also dropped in pre-market hours by roughly 2.

Curb of Grayscale BTC Fund Inflows May Prompt Price Change

Such a drop in flows into the largest bitcoin (BTC, -3.75%) fund would increase the likelihood of a price correction similar to the one seen in the second half of 2019, according to a note from the bank’s quantitative strategists led by Nikolaos Panigirtzoglou, as reported by Bloomberg Monday.

BTC Pushes Past $23.7K, Crypto Locked in DeFi at Records

Bitcoin (BTC) trading around $22,818 as of 21:00 UTC (4 p.m. ET). Gaining 9% over the previous 24 hours. Bitcoin’s 24-hour range: $20,756-$23,770. BTC below its 10-hour moving average but well above the 50-hour on the hourly chart, a bullish-to-sideways signal for market technicians.

Bitcoin Whale Emerges With $1 Billion, Alan Howard’s Backing

A hedge fund specializing in volatility bets has emerged as one of the largest investors in Bitcoin after quietly buying more than $600 million in cryptocurrencies and joining forces with Alan Howard, the co-founder of Brevan Howard Asset Management.

DeFi boom drives 1200% increase in DApp volume in 2020

DApp transaction volume has topped $270 billion so far in 2020, with 95% of this figure belonging to Ethereum’s DeFi ecosystem, according to DappRadar. That’s an astonishing 1178% increase from last year’s total of $21 billion.

BTC Hits $23K, On-Chain Analyst Says $55K is ‘Next Landmark’

The Bitcoin price (BTC) has surpassed the $21,000–$22,000 resistance range to rise above a new high of $23,000 on Dec. 17. Meanwhile, on- chain analyst Willy Woo now says $100,000 is a “ridiculously low” target.

Crypto Firm Paxos Raises $142M in Latest Funding Round

Cryptocurrency firm Paxos said on Thursday it raised about $142 million from its series C round of funding from investors including Paypal Ventures, Declaration Partners and Ken Moelis among others.

XRP Price Action Imminent? Closer Look at Market’s #3 Crypto

As the second-largest altcoin by market capitalization, XRP is hardly far from consideration during periods of significant bullish enthusiasm in the cryptocurrency market. Despite being 85% down from its January 2018 high, recent price spikes have sparked noticeable interest in XRP as investors consider viable diversification candidates for their crypto portfolios.

Big Banks Positioned to Ride Bitcoin’s Bull Run

Traditional banks are now taking the plunge and coming out with crypto- related services. The shift coincides with bitcoin’s price hitting all- time highs in December. ![The Big Banks Positioned to Ride Bitcoin’s Bull Run][1]

Bitcoin May Have Hit Wall of Profit Takers Around $19,500

Bitcoin’s ascent above $19,500 was cut short early on Tuesday, possibly due to profit taking by large Asia-based investors, according to one analyst. The top cryptocurrency fell from $19,555 to $19,035, with most of the drop unfolding during the two hours to 06:00 UTC, according to CoinDesk 20 data.

Ethereum Address Creation Hits 35-Month High

Ethereum address creation hit a 35-month high on December 14 when 177,000 new addresses were added to the network according to analysts from Santiment. The analytics provider reported that its network growth metric showed Ethereum adding 177,500 addresses in a single-day on Saturday, Dec.

Most Investors Think Bitcoin won’t Top $50K by 2030

A survey from Genesis Mining has found that most Bitcoin investors aren’t expecting a $50,000 BTC price in 2030 — although 3.5% of respondents tipped prices exceeding $500,000. ![Most Investors Think Bitcoin won’t Top $50K by 2030][1]

Reasons why BTC Dropped after Failing to Break $19.5K Again

The Bitcoin price (BTC) surged above $19,500 briefly on Dec. 15, reaching as high as$19,570 on Binance. However, BTC then dropped to $19,050 within three hours, recording a sudden 2.

Ethereum is About to See “Liftoff” if It Closes Above $580

ETH price found support near $535 and started a steady recovery against the US Dollar. The price is currently trading above $560 and the 100 simple moving average (4-hours). There is a crucial contracting triangle forming with resistance near $570 on the 4-hours chart of ETH/USD (data feed via Kraken).

J.Cramer Bought BTC While ‘off Nicely from Top’ in $17,000s

Three months after seemingly changing course on crypto, the outspoken host of CNBC’s Mad Money is claiming he made a well-timed Bitcoin investment on Friday. In an interview with TheStreet, Jim Cramer says he purchased Bitcoin (BTC) Friday morning when the price dipped under $18,000.

MassMutual’s $100M BTC Investment Marks Adoption Milestone

JPMorgan analysts have said the recent recent bitcoin purchases by Massachusetts Mutual Life Insurance Co. are a sign of growing mainstream acceptance for the cryptocurrency. ![MassMutual’s $100M BTC Investment Marks Adoption Milestone][1]

Glassnode CTO Predicts BTC Price will 10X from Here

The CTO of crypto market data aggregator Glassnode, Rafael Schultze- Kraft, has described a slew of Bitcoin market indicators as “insanely bullish” and predicted prices are set to increase by more than 10 times.

BTC Briefly Slides Below $18K, ETH Is More Volatile in 2020

The price of bitcoin once again fell below $18,000 Thursday, going as low as $17,904 according to the CoinDesk 20. The price was able to reverse course, with higher volume pushing it back up to $18,349 as of press time.

Bitcoin Miner Sell-Off Risk Hits Highest in 3 Years

Bitcoin (BTC) miners appear to be selling large amounts of BTC once again. Data from CryptoQuant shows that the BTC Miners’ Position Index — a metric tracking the ratio of BTC leaving miners’ wallets — achieved a three-year high.

Bitcoin will Gain from Distrust in Traditional Finance

Bitcoin (BTC) poses a significant threat to the world’s reserve currency, the United States dollar, according to a strategist at major American investment bank Morgan Stanley. Ruchir Sharma, chief global strategist at Morgan Stanley Investment Management, believes that the dollar’s reign is likely to end due to global distrust in traditional finance, while Bitcoin is likely to capitalize on that lack of confidence.

MassMutual Buys $100M in BTC, Bets on Institutional Adoption

Massachusetts Mutual Life Insurance Co. is jumping into the institutional bitcoin game with a $100 million investment in bitcoin and a $5 million equity stake in NYDIG. The twin plays – both revealed in a Thursday press release – give MassMutual direct exposure to the cryptocurrency’s price swings and signal it’s betting that other big fish will follow suit.

Bitcoin Price Drops $1,000 in Worst Sell-Off in Week

Bitcoin has fallen precipitously in the past few hours and is testing a key level of psychological support near $18,000. At around 06:00 UTC on Dec. 8, the price of the world’s first cryptocurrency fell to around $18,031 from $18,770.

$17K CME Gap-Fill Looms after BTC Closes below Key Moving Average

After spending the last few days trading in a tightening range, Bitcoin (BTC) price dropped from its pennant structure and closed below the 20-day moving average ($18,600). Since topping out at $19,888 a number of analysts cautioned that Bitcoin price was at risk of a strong pullback if it failed to either secure a daily close above $19,500 or at least hold $19,000 as support.

$17K CME Gap-Fill Looms, BTC Closes below Key Moving Average

Crypto Fund Inflows Hit Second Highest on Record

NEW YORK (Reuters) - Institutional investors pumped $429 million into cryptocurrency funds and products for the week ended Dec. 7, the second highest on record, pushing the sector’s assets under management to an all-time peak of $15 billion, according to Monday’s data from digital asset manager CoinShares.

MicroStrategy will Issue $400M in Securities to Buy more BTC

The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin. On Dec. 7, the firm revealed plans to issue $400 million in convertible senior notes — a debt security that can be converted into the issuing company’s shares.

Spain’s Second-Largest Bank Will Soon Launch Crypto Services

BBVA, the second-largest bank in Spain, with about $840 billion in assets, is poised to enter the cryptocurrency trading and custody space, according to two people familiar with the plans.

Token WOZX Skyrockets Ahead of Second Listing

Apple co-founder Steve Wozniak’s new token, Efforce (WOZX), almost doubled in price today after an astonishing run that saw the price increase around 26X in the past week. WOZX will open for trading on Korea-based exchange Bithumb on Dec.

Bitcoin Miners Saw 48% Revenue Increase in November

The sharp revenue increase came as bitcoin soared through November, setting a new all-time high by month’s end after gaining over 40 percent. Monthly aggregate revenue in November hit the highest level since September 2019.

Million Down, Billion to Go: Does DeFi Reach Mass Adoption?

A report on Friday from Ethereum metrics website Dune Analytics showed that the decentralized finance (DeFi) ecosystem now counts over 1 million unique Ethereum addresses as participants — an over tenfold increase from the 91,000 addresses on Dec.

BTC Lingers Around $19.4K While ETH/BTC Pair Hits Bull Mode

The bitcoin market is back to trending towards bullish territory after a flat Wednesday made it clear traders were taking a bit of a breather. The price was able to go as high as $19,607 but lost steam at $19,363, as of press time.

Community could Force Company to Burn 48B XRP, Ripple CTO

Ripple chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it agrees with the decision or not.

Bitcoin Consolidates, Traders Contest $18.2K to $19.5K Range

After an impressive run to a new all-time high on Dec.1, Bitcoin (BTC) price appears to have entered a short consolidation phase as the price ranges between $18,200 and $19,500.

S&P Dow Jones Launching Crypto Indexes in 2021

S&P Dow Jones Indices — a joint venture between S&P Global, the CME Group and News Corp — will debut cryptocurrency indexes in 2021, it has confirmed. ![S&P Dow Jones Launching Crypto Indexes in 2021][1]

Bitcoin Falls to $18.1K as Correlation to Ether Picks Up

The price of bitcoin was able to hit as high as $19,920, according to CoinDesk 20 data, before momentum stalled. Traders began hitting the sell button, taking the price to as low as $18,171 before it recovered.

Bitcoin Sees Record Number of Active Users

As bitcoin continues to set new price highs, its network is also seeing record-breaking user activity. As of Tuesday, there were 432,451 “active entities” – wallet clusters controlled by a single participant that sent or received funds in a 24-hour period.

Bitcoin: Tough All-Time High

Bitcoin has unsuccessfully tried to reach the long-awaited psychological level of $20K several times. All attempts so far have ended with profit- taking and correction. The main question that now concerns all participants of the crypto market – is the current situation a reflection of the strong resistance or consolidation before a new spike?

BTC Hits $19K as Bulls Show no Fear of Record Futures Gap

Bitcoin (BTC) returned to $19,000 on Nov. 30 as a weekend surge continued to produce fresh gains for investors and hodlers. Data from Cointelegraph Markets and TradingView showed BTC/USD retaking another key psychological level during Monday trading.

Quick Bitcoin Price Recovery Looks in Doubt

Bitcoin may have a tough time charting a V-shaped recovery to recent highs in the short term, with on-chain activity showing increased selling pressure in the market. Blockchain analytics firm CryptoQuant’s exchange inflow indicator – which measures the 144-block (roughly 24-hour) average of mean bitcoin deposits across major cryptocurrency exchanges – has risen to 2.

BTC Plunges by Nearly $3,000 after Closing in on its Record

Bitcoin has plunged by close to $3,000 in less than 24 hours after hitting highs not seen since the end of 2017. The price of bitcoin was trading at $19,374 at 1:45 p.

Bitcoin Price Drops more than $1,000 in Asian Trade

Bitcoin hiccoughed in Asian trading on Thursday to at one point stand more than 6% down on the day after failing to make record highs. Bitcoin, the world’s biggest and best-known crypto-currency, was last trading around $17,700, having lost more than $1,000 since its previous close.

Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules

Brian Armstrong is worried the Trump Administration is about to send the cryptocurrency industry a parting gift. The Coinbase CEO took to Twitter Wednesday night to blast the U.S. Treasury Department’s rumored plans to attempt to track owners of self-hosted cryptocurrency wallets with an onerous set of data-collection requirements.

How Massive Liquidations Caused BTC to Plummet 16%

Bitcoin (BTC) price fell by a whopping 16% to $16,334 on Nov. 26 since achieving its peak at $19,484 the previous day. Data suggests that cascading liquidations were the driving force of the massive correction.

Trump Administration May ‘Rush Out’ Crypto Wallet Rules

‘Everyone Should Put 2% to 3% of Their Net Worth in Bitcoin’

Bitcoin (BTC-USD) is back. The most popular cryptocurrency has breached $19,000 and is approaching the record high it touched in 2017, before a spectacular crash. Longtime bull Mike Novogratz said bitcoin is a solid buy for everyday investors.

Bitcoin Pushes Past $19.4K

How high can bitcoin’s price go? Analysts say the higher the price, the more investors will plow in. Meanwhile, increasing ether options volume on Deribit is likely making derivatives more expensive.

Bitcoin climbs past $19,000 and closes in on record price

Bitcoin climbed past $19,000 Tuesday as the world’s best-known cryptocurrency continues its 2020 surge. The price of bitcoin was trading about 4.25% higher for the session at $19,207, according to data from industry site CoinDesk.

‘Bitcoin’ Searches at 2020 High as BTC Tops $19.4K

Determining the actual all-time high for BTC is somewhat debatable as various exchanges have different figures listed. For example, Coinbase has registered $19,892 as Bitcoin’s peak, whereas BitMEX and Binance have $19,891 and $19,799 respectively.

‘No Debate’ that Bitcoin will Increase 20X

Gold Bullion International co-founder Dan Tapiero believes that it’s only a matter of time before Bitcoin’s price surges into the six-figure threshold. Speaking to Anthony Pompliano on the Pomp Podcast, Tapiero asserted that in terms of price appreciation Bitcoin is the king, even though he believes investors should own both gold and Bitcoin:

Bitcoin at $100,000 in 2021?

Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. It’s a wager that has drawn eye-rolls from skeptics who believe the volatile cryptocurrency is a speculative asset rather than a store of value like gold.

ETH 2.0 Confirmed for Dec. 1 Launch Before Deadline

ETH 2.0’s beacon chain genesis has been confirmed for Dec. 1, following the transfer of 524,288 Ether from 16,384 validators into the ETH 2.0 deposit contract since it went live on Nov.

XRP Spikes to $0.90, Crashes in 2ds as Coinbase Goes Down

XRP price spiked to over $0.90 on U.S. cryptocurrency exchange Coinbase on Nov. 24 only to crash back down by roughly 30% in seconds. This was the highest price level since May 2018.

Ether Hits $500 for First Time Since June 2018

Ether (ETH) returned to $500 for the first time in more than two years on Nov. 20 as altcoins slowly staged a comeback from poor performance. Data from Cointelegraph Markets, Coin360 and TradingView showed ETH/USD briefly hitting the psychologically significant barrier in Friday trading before a rejection halted progress.

BTC Analyst Sees $100K ‘Perfect Backdrop’ this Bull Cycle

Bitcoin (BTC) can hit $100,000 in five years and $1 million by 2035, Nugget’s News CEO Alex Saunders has told Cointelegraph. Speaking in an interview with Cointelegraph Markets analyst Michaël van de Poppe on Nov.

Bitcoin Analyst sees ‘perfect backdrop’ for $100K this bull cycle, $1M by 2035

Bitcoin Eyes All-Time High after Recent Bull Run

Bitcoin (BTC-USD) is back in a big way in 2020. The cryptocurrency has rallied almost 150% so far this year, including a gain of 70% over the last few weeks.

Ethereum 2.0’s Long and Winding Road to Scalability Launch

On Nov. 4, Ethereum (ETH) core developers hit a significant milestone. In a “quick update” on the Ethereum Foundation blog, developer Danny Ryan confirmed the release of the v1.0 specs for the hotly anticipated Ethereum 2.

BTC Price just Flash Crashed 6% after Rejecting at $18.5K

The price of Bitcoin (BTC) dropped sharply after approaching $18,500 on Binance and Coinbase. The plunge took place as large sell orders were spotted on both spot and futures exchanges.

Bitcoin Breaks $18,000 with All-Time High in Sight

Bitcoin broke through $18,000 on Wednesday to hit its highest since December 2017 extending its blistering 2020 rally driven by demand for its perceived quality as an inflation hedge and expectations of mainstream acceptance.

Grayscale’s Crypto Assets Under Management Break $10B

In another sign of renewed exuberance in cryptocurrency markets, Grayscale Investments has broken above $10 billion in digital assets under management for the first time. ![Grayscale’s Crypto Assets Under Management Break $10B][1]

BTC Slices Through $17,000 as Market Cap Nears All-Time High

Bitcoin (BTC) traded above $17,000 Tuesday at 12:00 UTC for the first time since Jan. 7, 2018, according to the CoinDesk 20 price index. The rise pushes the leading cryptocurrency’s total market capitalization to over $315 billion, just short of its $335 billion record.

Bitcoin will Hits $65K as Network Effect has ‘Taken Over’

Bitcoin (BTC) will hit $65,000 due to a combination of low supply and “tons of new buyers,” major investor Mike Novogratz says. In an increasingly popular Twitter debate on Nov.

DeFi is Here to Stay Despite Signs of Bubble, Binance CEO

Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble.

DeFi is here to stay despite signs of bubble, says Binance CEO

Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble.

Why Wall Street FOMO will Make $20K Bitcoin Look Cheap

The year 2020 sucked for pretty much everyone. Unless you’re holding Bitcoin (BTC) that is. The price of Bitcoin is up 125% year-to-date making it once again the best-performing asset just as it has been for the past decade.

PayPal’s Crypto Trading Goes Live in US

On Thursday, PayPal’s crypto trading and payments went live for all eligible customers in the United States. Per its updated announcement, PayPal ended its waitlist for customers looking to use cryptocurrency in the U.

100 Billion Reasons Apple should Get Behind Bitcoin

Apple should invest a portion of its massive cash reserves in Bitcoin, Toroso Investments’ portfolio manager Dan Weiskopf posted earlier today on the ETF Think Tank website. The site’s lead ETF strategist’s call follows in the footsteps of MicroStrategy CEO Michael Saylor and former Goldman Sachs hedge fund manager Raoul Pal, who both predicted Apple would make a large scale investment in Bitcoin in the upcoming years.

Bitcoin Fees Plummet as Mempool Clears to Zero

The Bitcoin network mempool shrank to its smallest size since mid- October this week after the network’s hash power soared. The clear mempool meant that that thousands of stuck transactions pending confirmation were included in recent blocks, leaving very few unconfirmed transactions still outstanding.

Bitcoin Whale Clusters Signal $14.9K Crucial Level to Hold

New data from Whalemap suggests that in order to maintain bullish momentum Bitcoin price needs to hold above the $14,914 level. Whale clusters, like the bubbles shown on the chart below, form when high-net- worth investors purchase Bitcoin and do not move them.

BTC Market Cap May Pass Canada’s Monetary Base

As Bitcoin (BTC) blasted through the $14,000 level its market capitalization surpassed the monetary base of the Russian ruble. This measure includes both physical currency and bank reserves, both of which are usually held by a country’s central banks.

BTC Outlook Still Bullish Despite Drop from Vaccine News

The price of Bitcoin (BTC) has seen extreme volatility in the past 24 hours. After the Dow Jones Industrial Average abruptly rose by more than 800 points, BTC plunged in tandem with gold.

Bitcoin’s Hash Power Increases 42% in Two Days

The hash power of the Bitcoin (BTC) network has jumped by roughly 30% over the past 24 hours, which if sustained, suggesting a major difficulty adjustment may soon be incoming.

Crypto Traders and Analysts Eye new U.S. Administration

While some in the community continue to question the outcome of the US Presidential election, mainstream media outlets and the Associated Press have definitively called the race for former Vice President and current President-Elect Joe Biden.

Will PayPal’s Crypto Integration Bring Crypto to Masses?

One of the most discussed topics within the crypto community recently has been PayPal’s announcement that its customers will be able to buy and sell cryptocurrencies. The service is expected to be fully rolled out early next year.

Bitcoin Miner Revenue Surges to Pre-Halving Levels

As the Bitcoin (BTC) price is reaching the highest levels since January 2018, Bitcoin mining is getting more profitable due to a number of factors. According to data from Blockchain.

US Seized More Than $1B in Silk Road-Linked Bitcoins

The U.S. is suing for the forfeiture of thousands of bitcoins, totaling more than $1 billion, that it recently seized, the Department of Justice said Thursday. The seizure on Tuesday, tied to early darknet market Silk Road, is the largest the U.

$5M Staked in 8 Hours as Community Cautiously Backs ETH 2.0

The long awaited deposit contract for Ethereum 2.0 has finally been deployed opening the doors to staking opportunities for ETH holders. Deposits began in earnest with over $1 million in ETH landing in the contract within the first half an hour according to observers like The Crypto Cactus.

BTC Surges Past $15,000 - Highest Level Since January 2018

Bitcoin’s price climbed above $15,000 on Thursday, hitting a level not seen since January 2018 amid U.S. presidential election uncertainty. The world’s best-known cryptocurrency was last trading almost 9% higher at a price of $15,233, according to data from industry website CoinDesk.

ETH Breaks Multiple Records as ETH 2.0 Approaches

Ethereum (ETH) has hit multiple records amid news that ETH 2.0 could launch as early as Dec 1, according to crypto analytics firm Glassnode. Today’s launch of the deposit contract introduced the ability for users to deposit 32 Ether required to participate in staking.

‘Extreme Greed’ and FOMO Taking Hold as BTC Nudges $16K

Bitcoin has just powered up to its highest price since January 8, 2018, knocking on the door of $16,000 as FOMO grips the markets once again. In a move upwards that has added more than 12% over the past 24 hours, Bitcoin prices touched their highest levels for 33 months reaching $15,980 during early trading in Asia today, November 6, according to Tradingview.

$1B of Bitcoin from Silk Road Wallet Moves

An anonymous crypto user has just moved 69,370 Bitcoin from an address associated with the Silk Road darknet market, that more recently has become a popular hacking target. ![$1B of Bitcoin from Silk Road Wallet Moves][1]

Grayscale Trust Sees Weekly Inflow nears 500K BTC in Total

Grayscale’s Bitcoin (BTC) Trust is on track to reach 500,000 BTC by the end of 2020. Last week, Grayscale saw a record inflow of $215 million (15,907 BTC) that surpassed all previous investments into the Trust.

Hong Kong Wants Crypto Trading Platforms to be Regulated

HONG KONG (Reuters) - Hong Kong will regulate all cryptocurrency trading platforms operating in the financial hub, the city’s markets watchdog said on Tuesday, changing its previous “opt in” approach.

Zero-Sum Game: DeFi Declines While Bitcoin Booms

The co-founder of crypto data aggregator Markets Science, Twitter-user ‘Bitdealer,’ has shared a chart indicating negative correlations between 11 top DeFi tokens and BTC over the past 45 days to Nov.

5 Things to Watch in Bitcoin this Week

Bitcoin (BTC) starts a new week and month just dollars away from its highest monthly close in history — what’s in store next? Cointelegraph takes a look at five price factors which may influence BTC/USD as the U.

BTC just had its Biggest Mining Difficulty Drop Since 2011

Bitcoin (BTC) saw its biggest negative difficulty adjustment in almost 10 years on Nov. 3 as the network flawlessly takes care of itself. Data from monitoring resource BTC.com shows that the Bitcoin difficulty automatically readjusted by 16% on Tuesday.

BTC: there is Little Resistance between $13,000 and $20,000

The monthly candle of Bitcoin (BTC) for October has closed above $13,000 for the first time since December 2017. It comes after both daily and weekly candles all closed above the crucial resistance level.

BTC Just 4 Days Away from Bullish $10K Price Record

Bitcoin (BTC) has spent nearly 100 days above $10,000 — and if history repeats itself, further price gains could be astronomical. As noted by various social media users this week, as of Oct.

Bitcoin Suddenly Dips, BofA Predicts 20% Stock Market Crash

The price of Bitcoin (BTC) abruptly dropped 4% from the day’s peak on Oct. 30 as the uncertainty in the stock market intensified. With five days left to the U.

Bitcoin Transaction Fees Rise to 28-Month High

As of Wednesday, the mean fee per transaction, or the average transaction cost, was 0.00086764 BTC (BTC, 1.09%), the highest since June 2018, according to data source Glassnode. In dollar terms, the average transaction fee was $11.

Crypto Hedge Funds Rack up Steep Gains on Lending Surge

Cryptocurrency hedge funds have posted hefty gains so far this year, benefiting from the surge in transactions that allow lenders and borrowers to transact without banks, as well as a steady rise in the bitcoin price.

Bitcoin Bulls Set to Defend $13K as $450M in BTC Futures Expire Friday

A total of 62K Bitcoin (BTC) options are set to expire this Friday, and this is equivalent to $830 million in open interest. These massive numbers fail to reflect the fact that 58% of these options are now deemed worthless.

Bitcoin Bulls Set to Defend $13K, $450M BTC Futures Expire

Bitcoin Fees Spike 198% but Ethereum Still More Profitable

Bitcoin (BTC) transaction fees have nearly tripled in three days, from $3.52 to $10.20 on average. According to crypto market data aggregator Glassnode, 22.25% of Bitcoin miners’ income is currently made up of fees, with the other 77.

Bitcoin Nears 2018 Post-Bubble Highs

Bitcoin’s (BTC) upward march continues unabated as the apex cryptocurrency gained 5.13% in a 24-hour period Tuesday — taking its market capitalization to $255 billion. ![Bitcoin Nears 2018 Post-Bubble Highs][1]

$1Tn is conservative market cap for BTC, said investment CIO

Bitcoin (BTC) has recently seen ample interest from a number of mainstream companies and persons, such as billionaire hedge funder Paul Tudor Jones. This could be the beginning of a new wave of Bitcoin buyers, according to Brian Estes, chief investment officer and managing partner at Off The Chain Capital — an investment firm focused on blockchain and digital assets.

BTC Hash Rate Slumps Amid Seasonal Miner Migration in China

Mining data aggregators attribute a slump in Bitcoin’s hash rate to the end of the wet season in Sichuan, resulting in many miners migrating to other jurisdictions. On Oct. 26, Thomas Heller of Bitcoin (BTC) mining blog Hashr8 reported that roughly 22 exahashes per second (EH/s) of mining power had left the Bitcoin network, coinciding with the end of the season the previous day (based on weather forecasts).

Whale Alert - Crypto User Moves $1.1B in Bitcoin

With Bitcoin’s price continuing to hold close to $13,000, one crypto wallet has moved more than $1 billion of the digital asset. According to on-chain data, a Bitcoin (BTC) wallet holder moved more than 88,857 BTC — worth roughly $1.

Bitcoin: Highest weekly close since early 2018

Bitcoin (BTC) starts a new week still at $13,000 and wholly unfazed by problems in the global economy — what’s in store next Cointelegraph takes a look at the potential issues at stake for Bitcoin in the coming days.

3 Metrics, Disinterest from Pro Traders Hint at BTC Sell-off

For novice traders, FOMO can be a heavy burden to bear. Resisting the urge to buy Bitcoin (BTC) after a nearly 15% rally, which saw the price break both the $12K and $13K levels in less than 24 hours, is almost impossible.

Bitcoin Breaks above $12.3K, Venmo will Become BTC Wallet

Bitcoin (BTC) gained almost 5% on Oct. 21 as bullish price action combined with fresh corporate adoption news to boost gains. Data from Cointelegraph Markets and Coin360 showed a strong 24 hours for bulls on Wednesday, with BTC/USD topping out at $12,400.

Near Half Billion USDT Minted in Past 36h as BTC Rallies

The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed more than 185 million tokens to exchanges and other addresses in the last 36 hours.

Here’s what Traders Expect after Bitcoin Rallied to $13,217

On Oct. 21 Bitcoin (BTC) price overtook the $13K mark to reach $13,217 after traders took out key resistance levels at $11,900, $12,000, and $12,500 in the last 48-hours. While there are various technical reasons behind the abrupt upsurge, there are three key factors buoying the rally.

Bitcoin Average Transaction Value Increases 500% since July

The average value of Bitcoin (BTC) transactions has increased dramatically since July this year. The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer — representing an increase of more than 500%.

Bitcoin Price Holds Strong Amid Negative News Blitz

Bitcoin’s (BTC) price has appeared largely unfazed, despite this array of seemingly unfavorable stories. This could be indicative of upside potential in the coming weeks, according to a report Monday from crypto investment solution company CoinShares.

Corporations Buy up Bitcoin as Treasury Reserve

October is a time for surprises. On Oct. 8, right on cue, mobile payments giant Square, which boasts a market cap of $86.6 billion, announced that it had invested $50 million in Bitcoin (BTC).

Institutional BTC longs at record-high, hedge funds short

According to CME, the amount of Bitcoin (BTC) long contracts held by institutions are at an all-time high. Yet, CME’s most recent Commitment of Trader report shows hedge funds are at a record-high for BTC shorts.

Sharp Bitcoin Price Move Brewing as BTC Volatility Falls

Bitcoin (BTC) options aggregate open interest has increased to $2 billion, which is 13% below the all-time high. Although the open interest is still heavily concentrated on Deribit exchange, the Chicago Mercantile Exchange (CME) has also reached $300 million.

3 Reasons Bitcoin Price Got Rejected at $11,500

The price of Bitcoin rejected $11,500 in a swift price drop alongside rising shorts on BitMEX and slumping U.S. stocks. The price of Bitcoin (BTC) rapidly fell after surpassing $11,500 on Binance between Oct.

Bitcoin (BTC) will be Valued at $100,000 by January 2024

The author behind a valuation model for Bitcoin that’s based on Metcalfe’s Law says the crypto asset will likely be priced around $12,000 by the end of November and reach $1 million within a decade.

More than Half of all Ethereum Hasn’t Moved in 12 Months

More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months. According to Glassnode’s ‘hodlwaves,’ which offers a chronological breakdown of the velocity of on-chain transactions, roughly 28% of Ether last moved between the past 12 and 24 months — comprising the largest segment of on-chain activity.

$17K BTC Price Real Possibility if Bulls Flip $12K to Buoy

Bitcoin (BTC) price had been acting inside a narrow range for the last few weeks but the momentum and trend shifted as a bullish breakout occurred on the announcement that Square had allocated 1% of its cash reserves to BTC.

Bitcoin Steadys as $10B Asset Manager Scoops up 10,000 BTC

Bitcoin (BTC) is winning the battle of the safe havens as another corporate buy-in sees $115 million enter its books. Asset management giant Stone Ridge confirmed that it made the significant purchase via its spin-off New York Digital Investment Group or NYDIG, which now has over $1 billion in assets under management.

Crypto Whales Stay off Exchanges

A Bitcoin (BTC) sell-off and associated price fall are “not going to happen,” a well-known the CEO of a well-known analytics tool has said. In a tweet on Oct. 12, Ki Young Ju, CEO of CryptoQuant, noted that average inflows to exchanges were staying low despite BTC price gains.

Facebook's Libra Must not Start Until Properly Regulated

Financial leaders of the world’s seven biggest economies will say on Tuesday that they oppose the launch of Facebook’s Libra stablecoin until it is properly regulated, a draft G7 statement showed.

More Investors HODL BTC in Anticipation of 2021 Bull Market

New data shows Bitcoin’s (BTC) current price action is showing higher levels of ‘HODLing’ activity than previous bull cycles. According to on- chain analyst Willy Woo, an indicator called “reflexivity” has been increasing in recent months.

DeFi Market Cap Drops 25% in One Day

The DeFi markets took a sharp downturn yesterday, with the combined capitalization of DeFi assets falling 25% while volumes shrunk 30%. The decentralized finance (DeFi) bubble continues to deflate, with crypto market data firm Sentiment reporting a 25% crash in the market capitalization of DeFi assets during yesterday alone.

DeFi Indexes Crash Despite Strong Fundamentals

On August 28, Binance Futures launched its DeFi Composite Index, a basket of DeFi tokens that initially comprised 27% Chainlink (LINK) and 11% Aave (LEND) alongside nine other prominent DeFi tokens that made up between 6% and 9.

ETH mining is 3X more profitable than BTC

According to data from on-chain analytics provider Glassnode, the Ethereum hash rate hit an all time high of more than 250 terahashes per second (TH/s) on Oct. 6, marking an 80% rise since January.

Record $616M of Wrapped Bitcoin Minted in September

Wrapped Bitcoin minted a record $616 million worth of tokenized bitcoins in September, according to transaction data analyzed by CoinDesk, a more than 160% increase over the $232 million minted in August.

150,000 Mt. Gox BTC Won’t Trigger Correction Anytime Soon

There is growing speculation that 150,000 Bitcoin (BTC) from the Mt. Gox trustee could move on Oct. 15. But many factors suggest that is highly unlikely given past records. Between 2011 and 2013, Mt.

Renowned Analyst Predicts XRP Price of 30 USD in 2-3 Years

The renowned crypto analyst, “Credible Crypto” has joined other experts who predict a massive increase in the price of XRP since yesterday. The technical analyst explained in a series of tweets to his 68,000 followers that XRP could rise to between 20 and 30 USD in the next bull run in the crypto market due to its fundamentals.

Why BitMEX Charges Could be Bad News for DeFi

In the aftermath of criminal charges against BitMEX, the crypto community is debating whether the decentralized finance sector is also set to face the wrath of regulators. On Oct 1, the U.

Crypto Prediction Markets Turn Against Trump after Debate

Emerging Ethereum-powered predictions platform Polymarket produced six- figure volume amid the first presidential debates. The first debate of the 2020 U.S. presidential election had no clear winner, but crypto- powered prediction platforms are having a field day.

$2B Locked: Uniswap Bigger Than DeFi Industry 2 Months Ago

Uniswap clocked the record figure just after midnight (UTC) Monday and currently has $2.06 billion worth of crypto assets locked in, according to crypto rankings website DeFi Pulse. Testament to its neck-breaking growth, there’s now more value just in Uniswap than there was in the entire DeFi space on July 9.

Bitcoin Has Been Less Volatile Than Tesla Stock for Months

Tesla (TSLA) has been seeing bigger daily percentage moves since the end of June, according to 30-day realized volatility data. Further, the volatility gulf between the two assets has been widening in recent weeks.

Bored with Bitcoin Price, Traders Chase Gains in Altcoins and DeFi Tokens

For the few weeks Bitcoin (BTC) price has moved within a $850 range and recently the price resumed the trend of daily higher lows. Despite this, $11,000 remains a hurdle the price has struggled to overcome but one positive is that altcoins are beginning to recover some of the hefty losses of the past few weeks.

Trump, Tax & Hacks: Things Shaping BTC Price Move This Week

Bitcoin (BTC) starts the week pushing for $11,000 as ranging behavior continues, but futures gap danger remains. Sunday provided an unexpected boost to Bitcoin after a week of lackluster price performance.

BTC May See Relief Rally to $11K, USD Strength Index Soars

Bitcoin price still has a CME futures gap unfilled at $9,600 but that doesn’t mean $11K won’t be reclaimed soon. The price of Bitcoin (BTC) has been stagnating in recent weeks, as it couldn’t break above $11,000 and couldn’t drop below $10,000, the ultimate sign of a continued range- bound structure.

Bitcoin’s Realized Cap is Now $43B Above 2017 All-Time High

Crypto market data aggregator Glassnode has published data indicating that Bitcoin’s (BTC) realized capitalization has increased by more than 50% since tagging its all-time high of $20,000 at the end of 2017.

Chainlink Up 30% Following Six-Week Downtrend

A Chainlink developer address appears to have been offloading tokens and putting downward pressure on prices. But things are looking up. Following a six week downtrend from its all-time high, LINK has rebounded 30% in the past 24 hours after a reported developer selloff resulted in downward pressure on the oracle protocol token’s price.

Is BTC ‘death spiral’ imminent after difficulty adjustment?

Before the recent halving, many were prophesying a so-called “death spiral” for Bitcoin. This theory hinges on the idea that the halving of the block reward leads to an exodus of miners due to the sudden unprofitability of mining activities.

SEC, OCC Issue Regulatory Clarifications for Stablecoins

The U.S. Office of the Comptroller of the Currency (OCC) has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S. The Office of the Comptroller of the Currency (OCC) and the Securities and Exchange Commission (SEC) published stablecoin guidance Monday, providing the first detailed national guidance on how cryptocurrencies backed by fiat currencies should be treated under law.

The Reasons Behind Bitcoin’s Drop

Bitcoin is trading in the red near $10,400 at press time, down 4% on the day, having faced rejection near $11,000 earlier on Monday. A decline in European stocks and U.

BTC Price Volatility Expected as 47% of Options Expire Soon

The open interest on Bitcoin (BTC) options is just 5% short of their all-time high, but nearly half of this amount will be terminated in the upcoming September expiry. Although the current $1.

Ethereum Miner Revenue Hits 5 Year High

Ethereum miners’ hourly revenue has hit a five-year record, with fees currently bringing in 2,275 ETH ($880K) per hour. The spike was triggered by yesterday’s announcement that Uniswap would airdrop it’s governance token UNI to past users of the decentralized exchange.

BTC Sentiment at Record Lows… Does it Mean Price Will Go Up?

ASocial media sentiment for Bitcoin has slumped to a two-year low, yet technical indicators are still saying “buy.” A number of metrics indicate that social and trading sentiment for Bitcoin is still low despite its price breaking above $11,000 a couple of hours ago.

Bitcoin and DeFi: New Milestone

More than $1 billion worth of Bitcoin (BTC) has now been tokenized to access decentralized finance (DeFi) protocols on the Ethereum (ETH) network. That’s equivalent to the entire total value locked (TVL) in DeFi less than four months ago.

No One Can Refuse China’s Digital Currency

China’s central bank digital currency (CBDC) known as the digital yuan should be regulated in line with cash-related laws, according to a senior exec at the country’s central bank. In an opinion article on Sept.

BTC locked in DeFi increased by 20X

The amount of BTC locked in decentralized finance projects increased by more than 30% in the past week, despite falls in the price of Bitcoin (BTC) and Ethereum (ETH). The total USD value locked (TVL) can go up and down with markets, even in the absence of a change in the number of tokens locked.

DeFi Tokens Rebound With 19% Bounce in 24 Hours

After a bloody week for decentralized finance (DeFi) projects that saw numerous tokens plummet by up to 50%, the DeFi sector has rebounded by 19% in one day. Ether is also up 11% over the past 24 hours.

How Bitcoin Met Real World in Africa

LAGOS/LONDON (Reuters) - Four months ago, Abolaji Odunjo made a fundamental change to his business selling mobile phones in a bustling street market in Lagos: He started paying his suppliers in bitcoin.

Investors Buying Bitcoin Amid Price Slump to Near $10K

While the cryptocurrency has declined from $12,400 to $10,000 in the past three weeks, the number of “accumulation addresses” has increased by 2% to 513,000, according to data source Glassnode.

Number of Ether Whales Increases During 30% Price Drop

During a 30% price drop at the beginning of September, at least 68 Ethereum whales joined the network, potentially adding millions in holdings. According to Crypto Twitter user Ali Martinez, data from analytics site Santiment shows the number of investors holding between 1,000-10,000 Ether (ETH) — roughly $350,000-3.

Record Crypto Derivatives Volumes

CryptoCompare said crypto derivative volumes rose 54% to more than $710 billion in August in its monthly Exchange Review. That’s a new all-time high, with August’s figures now far exceeding the $602 billion monthly volumes reported in May.

Bitcoin Tanks to $10.4K; ETH Market Dominance at 2020 High

BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin continues its downward trend Thursday, with prices descending as low as $10,468 on spot exchanges such as Coinbase.

Stablecoin Market Cap Increases by $100M Every Single Day

The rise of DeFi protocols and the demand for tokens in liquidity pools may be contributing to a huge surge in the supply of stablecoins. According to an Sept. 3 tweet from Coin Metrics co-founder Nic Carter, the current supply of stablecoins Binance USD (BUSD), Dai (DAI), HUSD, Paxos Standard Token (PAX), USD Coin (USDC), USDK, Tether (USDT), USDT_ETH, and USDT_TRX has been increasing by roughly $100 million daily for almost two months.

Сrypto Giant Binance Joins Europe Blockchain Industry Group

LONDON (Reuters) - Major cryptocurrency exchange Binance said on Thursday it was joining a European blockchain industry group, a move that comes as policymakers look at how to oversee the emerging digital ledger technology.

Ethereum (ETH) Price Hits 2-Year High

The native cryptocurrency of the Ethereum blockchain, ETH was trading at $470 at press time – a level last seen in July 2018. Prices are up more than 100% this quarter alone, according to CoinDesk’s ether price index.

Yearn Finance’s ETH Vault Could Spark Ethereum Bull Run

Analysts predict that the imminent launch of yETH by Yearn Finance could trigger a renewed surge in buying pressure on the ETH markets. The product, which is being voted on by YFI token holders, will automatically find the highest yielding decentralized finance (DeFi) protocol/strategy for Ether (ETH) deposits.

Fed Continues to Be Bitcoin’s Biggest Booster

Today, the United States Federal Reserve chair Jerome Powell will give a speech on the Fed’s monetary policy. Contrary to expectations, it might not have any major impact on the price of Bitcoin (BTC).

Bitcoin Dips to $11.1K; Ether Mining Difficulty at Year High

Bitcoin’s price declined to as low as $11,102 on spot exchanges such as Coinbase Tuesday, wiping out long derivatives traders on BitMEX. In just one hour, up to $5.6 million in leveraged positions were automatically liquidated, the crypto analog to a margin call.

$50 Billion of Cryptocurrency Moved Out of China

Over $50 billion of cryptocurrency moved from China-based digital wallets to other parts of the world in the last year, pointing to possibilities that Chinese investors are transferring more money than allowed out of the country, a new report claims.

Bitcoin Market ‘Looks Like 2016, Before Historic Bull Run’

Grayscale notes that long term holders are increasingly dominating the Bitcoin markets over short-term speculators, driving demand relative to supply. A new report by crypto fund manager Grayscale Investments argues that the current Bitcoin (BTC) market structure “parallels that of early 2016 before it began its historic bull run.

‘Perfect Storm’ for Ethereum Doubles OMG Price

The native token for OMG Network has more than doubled in the past week as record Ethereum fees lead some investors to look to layer 2 solutions. CoinGecko data shows OMG tokens have increased 115% from $1.

BTC, Libra May Find Place in Banks Digital Currencies World

Cryptocurrency bitcoin and Facebook-backed Libra could play a role in a world where central banks globally begin to issue their own digital currencies, a former top central banker told CNBC’s “Beyond the Valley” podcast.

Bitcoin Will Hit $340K if BTC Price Repeats 2016 Halving Cycle Pattern

A look at the difference between halving cycle highs, lows and halving prices delivers huge BTC price targets which their creator cautions are “hopium.” Bitcoin (BTC) needs to hit $340,000 just to match its performance from its last halving cycle, data shows.

98% of All Bitcoin Is Now Worth More Than When You Bought It

At around $12,000, buying Bitcoin has been a profitable activity on 97.6% of all days since April 2013, data confirms. Bitcoin (BTC) has delivered gains to its holders on almost 98% of all days since 2013, new data confirms.

Ex-Ripple Founder McCaleb Increases XRP Sales 13-Fold

When the XRP community is concerned about the price of XRP, there are often two major issues that are suspected of negatively affecting the price: The sales of Ripple itself and the sales of former architect and co-founder of the XRP Ledger, Jed McCaleb.

Bitcoin Price Will ‘Explode’ if Coin Breaches $13,000

Bitcoin (BTC) will “explode” in price once it hits $13,000, one trader believes as Bitcoin futures trade at 6% above spot price. In a tweet on Aug. 18, the derivatives trader JSterz highlighted “extreme” Bitcoin futures spreads as a sign that an intensely strong bullish advance may soon arrive.

Ripple Confirms ODL Plans for India

Ripple‘s Managing Director for South Asia and MENA, Navin Gupta, has revealed more details about the company’s plans for India. In an interview with local Indian media, Gupta confirmed that Ripple plans to create a corridor for India.

‘How Can You Be Bearish?’ Asks Bitcoin Trader

The market capitalization of Tether (USDT) surpassed $12 billion as of Aug. 14, according to cryptocurrency market analytics firm Coinmetrics. Meanwhile, some believe the rapidly-rising valuation of the dominant stablecoin positively benefits Bitcoin (BTC) in the long term.

Web Traffic on Global Crypto Exchanges Surged 13% in July

Global crypto exchanges have reportedly seen a significant increase in web traffic in July as cryptocurrency prices gained momentum. According to data from crypto analytics startup ICO Analytics, web traffic on global crypto exchanges increased by 13% on average in July 2020.

Bitcoin: Break Above $12,118 Looks Likely

The cryptocurrency picked up bids during the Asian trading hours, rising from $11,750 to $12,068, according to CoinDesk’s Bitcoin Price Index. At press time, bitcoin is trading at $12,000 – just 1% short of the 2020 high of $12,118 reached on Aug.

ETH Classic’s Terrible, Horrible, No Good, Very Bad Week

And as the bits settle, the proof-of-work blockchain’s future remains in question more than ever. The first attack occurred on Aug. 1, the network’s second ever. Five days later, a second 51% attack followed the news that the first had indeed seen a successful double-spend of $5.

Composition of Bitcoin’s Investor Base is Rapidly Shifting

This shift comes as more investors start turning to the benchmark cryptocurrency due to its status as a “hard asset” – which many be sparking a trend of accumulation amongst investors.

Bitcoin Price Eyes New 2020 High

The Bitcoin (BTC) price perked up on Aug. 5, rallying from $11,090 to $11,784 before briefly retracing to the $11,650 area as the daily close approached. Currently, the price trades near the $11,500 support after bulls were unable to tackle the $11,800 level.

Bitcoin: 3 Bullish Signs

Bitcoin (BTC) is seeing a surge in interest this summer, as consumer awareness is reflected in unique network entities hitting more than two- year highs. Unique entity growth mirrors 2017 bull run

Bitcoin Fills New Futures Gap as Bullish BTC Heads to $12K

A retest of $11,500 gives the impression that the bulls are not done when it comes to Bitcoin, which convincingly bounced off $11,000. Bitcoin (BTC) rose to fill a significant gap in its price history on Aug.

Bitcoin Price Slides by $1.4K in Minutes

Bitcoin suffered a price drop of $1,458 in under an hour on Sunday. The sudden slide caught many traders off guard, forcing out a significant amount of buying pressure from the market.

Ethereum’s Adoption Rate After 5 Years Far Exceeds Bitcoin’s

One metric suggests that heading into its fifth anniversary, Ethereum has had a much faster rate of growth and adoption than Bitcoin. One key metric suggests that Ethereum (ETH) has enjoyed a much faster rate of adoption and growth in the first five years of existence than Bitcoin (BTC).

Bitcoin’s Price and Ether’s Dominance Sit at 2020 Highs

Bitcoin’s price is at its 11-month high as volatility bounces back up. Meanwhile, ether’s dominance has spiked on continued growth in decentralized finance (DeFi). The price of bitcoin hit another 2020 high Tuesday, reaching $11,422 on spot exchanges like Coinbase.

$11,000 BTC Just Happened: What’s Fueling the Massive Pump?

The bitcoin price peaked at $11,417.11 Monday evening, up more than $1,500 on the day. At the time of writing, the digital asset was sitting on a gain of 13% at $11,233, according to TradingView.

Bakkt Bitcoin Futures Smashes Records Two Days Running

Intercontinental Exchange subsidiary, Bakkt, is reporting record numbers of trades for its monthly Bitcoin futures contracts as BTC prices made a new high for the year. The institutional investing platform reported its highest ever figure for Bitcoin monthly futures on Jul.

Bitcoin Price Finally Snaps Multi-Year Downtrend

Bitcoin (BTC) price rallied within $50 of the $11,000 mark after managing a strong breakout above the $10,500 level. For the past 6 months analysts have kept a laser sharp focus on the key level and many forecast that Bitcoin price would soar once the multi-year resistance was obliterated.

Bitcoin Surges Over $10,000, Could Surpass $15,000

Bitcoin prices were taking flight on Monday, pushing the digital currency to the highest level in about two months and ending the long dormancy of the world’s No. 1 virtual asset.

Ethereum Price Rally and DeFi impact

On Saturday Bitcoin (BTC) and Ether (ETH) price perked up as BTC briefly pushed above $9,700 and Ether set a 2020 high at $309. The weekend surge comes as a bit of a surprise as weekends are typically marked by low trading volume and some traders avoid the markets due to the volatility that sometimes accompanies the weekly close.

Don’t Expect Banks to Jump on the Crypto Custody

Banks can now offer cryptocurrency and digital asset custody to their clients, but what does this really mean? As you may know, the Office of the Comptroller of the Currency (OCC) announced Wednesday that nationally chartered banks in the U.

PayPal Offer Crypto Trading Through Paxos Partnership

Digital payments giant PayPal reportedly plans to facilitate cryptocurrency trading through a new partnership with stablecoin operator Paxos. Industry news outlet Coindesk reported on July 20 that PayPal plans to introduce crypto trading through Paxos’ new brokerage service.

PayPal Letter Seems to Confirm Crypto Capability Rumors

PayPal has confirmed that it is developing capabilities in the cryptocurrency space, according to a letter to the European Commission. Originally submitted on March 20, the document was intended as a response to the European Commission’s public consultation on building a European Union framework for markets in crypto assets, whose feedback period lasted from December 2019 through March.

‘Significant’ Ethereum Rally Signals New Altcoin Season

Ethereum price saw a bullish breakout against Bitcoin on July 9 and veteran trader Peter Brandt believes this could trigger a new altcoin season. Popular trader Peter Brandt believes that Ether (ETH) saw a significant breakout in its ETH-BTC pair on July 9.

Nasdaq: This Bitcoin ‘IPO’ Could Break the Stock Market

Coinbase, the $8 billion bitcoin exchange, is planning an IPO to become a publicly-listed company. As rampant speculation sweeps the investing world, Is there a more devastating FOMO combination than the world of cryptocurrency diving headlong into a frothy tech bubble?

Nearly $60M in Bitcoin Moved to Ethereum in June

Nearly $60 million worth of bitcoins moved to Ethereum during June, according to data estimates from Dune Analytics. Wrapped Bitcoin, the oldest tokenized bitcoin protocol on Ethereum, is responsible for roughly 75% of that growth after moving more than 4,800 BTC to Ethereum last month.

Crypto Research Report Predicts $397K Bitcoin Price by 2030

Researchers behind the June 2020 report from the Crypto Research Report used Bitcoin’s target addressable market to predict a rise to $397K. A new report from a crypto research group suggests that the price of Bitcoin could approach $400,000 in the next ten years, with altcoins following its bullish example.

BTC Bulls Pin Hopes on Descending Channel Breakout to $10K

Bitcoin (BTC) price showed a bit of strength by briefly pushing to $9,235 as the daily close occurred but at the time of writing the top- ranked digital asset on CoinMarketCap is trading below the $9,200 resistance.

Crypto: U.S. Have So Far Only Helped China Get Ahead

Ripple co-founder Chris Larsen discussed U.S. regulators’ ignorance towards regulating the blockchain and crypto space and how it is helping China. In a recent interview with Wall Street Journal reporter Paul Vigna, Ripple’s co-founder and executive chairman Chris Larsen said that the United States has been “slow to the game” in terms of experimenting, implementing and regulating the blockchain and cryptocurrency industry.

Bitcoin Hits $9.6K as Bullish Crypto Sentiment Returns

Bitcoin (BTC) was trading around $9,563 as of 20:00 UTC (4 p.m. ET), gaining 2.5% over the previous 24 hours. At 00:00 UTC on Monday (8:00 p.m. Sunday ET), bitcoin was changing hands around $9,298 on spot exchanges such as Coinbase.

PayPal Hiring Push Hints at Future Cryptocurrency Support

PayPal is seeking to hire blockchain and cryptocurrency engineers in what could hint at the future support of cryptocurrency exchanges. The global payments platform’s job listings, posted on PayPal’s own boards, include a request for a technical lead/cryptocurrency engineer set to join a team in Chennai, India.

Bitcoin Failed As Money, And That Is Great News For Crypto

The original use case for bitcoin might have fallen flat, but the innovation it unleashed continues to push blockchain implementation forward. Blockchain and cryptoassets were developed, which at this point is well known, to disrupt, disintermediate, or otherwise topple the incumbent financial infrastructure.

Chinese Officials Say Bitcoin Doesn’t Make the Top 10

China’s Center for Information and Industry Development, or CCID, revealed on June 18 that its 18th CCID Global Public Chain Technology Evaluation Index. This index ranked 37 well-known global cryptos using technical specifications.

Ethereum Logged Its Busiest Week on Record

It’s costing more to use Ethereum and that may be because more users are flocking to the platform than ever before, according to one key on-chain metric. Analysts say the growth of both transactions and the cost to process them is being driven by an increase in stablecoin usage and DeFi applications.

BTC Dips Below $9K Amid Heavy Stock Market Futures Losses

Bitcoin (BTC) dropped below $9,000 on June 15 as a new week produced fresh selling pressure across macro assets. Data from Cointelegraph Markets and CoinMarketCap showed BTC/USD entering the $8,000 range in Monday trading — for the first time since May 28.

Tesla Stock Is Above $1,000, Surpassing Bitcoin’s Market Cap

Today the value of Tesla stock set a new record high at $1,027, bringing the market capitalization to $188 billion, and also surpassing the total market cap of Bitcoin (BTC), which hovers at $181 billion.

Fidelity: 36% of Large Investors Own Crypto Assets

More than one-third of large institutional investors hold crypto assets, and the most popular one is bitcoin, a recent survey showed. As many as 36% of institutional investors in the US and Europe own crypto assets, according to a survey of 774 firms released Tuesday by Fidelity Investments.

Bitcoin’s Recent Rally May Have Run Its Course

Bitcoin fans have been heartened by its recent rally, but a technical indicator points to a potential slump ahead. Based on the DVAN Buying and Selling Pressure Indicator, which depicts bull/bear trends, Bitcoin fell below the trend line for the first time since late May, suggesting the coin may be forming a new selling pattern.

A Key Trend is Forming For Ripple, Swift Rally Could Occur

In the past few days, ripple followed a bearish path below the $0.2100 pivot level. XRP price broke the $0.2020 support zone, but it remained well bid above the $0.

Russia Gets Tougher On Crypto

The Russian government posted an updated version of its proposed law regulating digital assets this week, adding more restrictions to the industry. The law would prohibit the circulation of all cryptocurrencies, as well as their mining and advertising, though simply owning it will not necessarily be a crime.

Despite Russia’s Confusing Crypto Laws, P2P BTC Trades Soar

Just recently Russia’s State Duma released a draft of proposed litigation toward cryptocurrencies and companies that deal with the technology. The draft called “On Digital Financial Assets,” is an updated version on how lawmakers might regulate the crypto industry in the near future.

Bitcoin Rises Above $10K for First Time in 25 Days

At around 23:05 UTC (7:05 p.m. Eastern Time), bitcoin (BTC) rose from $9,895 to around $10,429 over the course of 30 minutes as a new wave of volatility greeted the end of the daily closing period for June 1.

Crypto Funds in Demand, Bitcoin Seen as Alternative Hedge

Grayscale Investments has been gobbling up Bitcoin in recent months, and most of its investors are institutions — but other funds are doing it, too. While the theater world has Waiting for Godot, the crypto sphere has its own drama: Waiting for the Institutional Investor.

How Goldman Sparked War With Cryptocurrency Evangelists

Goldman Sachs isn’t convinced there’s a case for investing in cryptocurrencies like bitcoin. Crypto evangelists — perhaps unsurprisingly — aren’t impressed with its assessment. The U.S. bank’s consumer and investment management division released a slide deck ahead of an investor call Wednesday, examining the impact of the coronavirus outbreak on the U.

BTC To Replace Gold, Crypto Data Analytics Company CEO Says

As the world turns more digital, crypto’s pioneer asset Bitcoin (BTC) could take on gold’s store of value role, according to the CEO and co- founder of Digital Assets Data, an analytics firm.

Bitcoin’s Bounce Back Over $9,000 Masks Potential Downtrend

Bitcoin’s trading above $9,000 once again, but technical indicators suggest the largest cryptocurrency is stuck in a funk. Though the price level may provide support, Bitcoin needs to break out of the downtrend it formed when its May high failed to take out the one reached in February.

BTC Traders Eye $6-7Ks After 4 Failed Attempts to Break $10K

Since May 20 Bitcoin (BTC) price has dropped nearly 10%, shifting traders’ focus from taking out the $10K resistance to now holding above the all-important $8,800 support. The short-term bearish trend took hold after the top-ranked crypto-asset on CoinMarketCap experienced repeated rejections near the $10K mark, which took the form of higher lows at $9,942, $9,905 and $9,849.

Here’s Why Ether’s Price Has Jumped 65% So Far This Year

While bitcoin (BTC) is often discussed as the cryptocurrency best suited for turbulent times, the price of ether (ETH), the second-largest digital asset by market capitalization, has been substantially outperforming bitcoin since the start of 2020.

Bitcoin is the Best-Performing Major Asset of 2020

As bitcoin’s price grinds toward $10,000, its performance over a much longer timescale reached a significant milestone this month. While most traders focus on bitcoin’s spot price, zooming out on a more extended timeframe reveals a bullish trend for the cryptocurrency.

Singapore's Temasek Joins Facebook-Backed Libra Project

SINGAPORE (Reuters) - Singapore state investor Temasek Holdings has joined the Facebook-backed Libra digital currency project which has faced intense scrutiny from global regulators worried its launch could erode national control over money.

Miners Face an Uncertain Future Despite Rising BTC Price

Despite a post-halving rise in bitcoin’s price Wednesday, the current value may not be enough to keep less-efficient miners operating, and that could shift market dynamics. At press time, bitcoin (BTC) was trading up 2.

Bitcoin Investors Are Bracing For a Key Technical Event

Bitcoin faces a key technical event Monday known as the “halving.” Due to take place later in the day, industry insiders are debating what effect it might have on the cryptocurrency market.

Telegram Gives Up On Its Blockchain, Crypto Project

Rest in peace GRAM coin, we hardly knew ye. No, seriously. TON was the next big cryptocurrency project attached to one of the biggest messaging apps in the world — Telegram — run by Pavel Durov, the expat Russian holed up somewhere between the Caribbean and Dubai after self-exiling from Moscow.

Bitcoin ‘halving’: What does the much-hyped event mean?

Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins are created. The world’s biggest cryptocurrency’s so-called “halving” happens roughly every four years. The digital currency relies on what are known as “miners”, who run software that races to solve complex maths puzzles in return for Bitcoins.

Coronavirus Sows Doubt Over BTC Rally After 3d ‘Halving’

As bitcoin investors brace for a long-awaited technical adjustment that will halve new supply of the cryptocurrency, the coronavirus pandemic has cast uncertainty over the expected rally that has historically accompanied such events.

Cryptocurrency Market Jumps by Over $13B Driven by Bitcoin

A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors.

Derivatives May Reduce Selling Pressure After BTC Halving

In early trading at 00:00 UTC, the world’s oldest cryptocurrency was around $8,957 before jumping as high as $9,399 at 13:00 UTC (9 a.m. EDT) on spot exchanges including Coinbase.

This BTC Halving Is Different, Crypto Valley Experts Agree

With the Bitcoin halving just four days away, CV Lab, an incubator and co-working space for blockchain companies, along with Cointelegraph, invited a group of eight experts from Switzerland Crypto Valley for a live panel discussion held on May 7.

Institutional Investors Refuse to Join the Crypto Sector

The on-ramp remains too steep Investing in Bitcoin, the top listed crypto asset on CoinMarketCap, remains a significant hurdle for large mutual fund managers, especially when considering their perceived risk of Bitcoin.

Bitcoin in Emerging Markets: The Middle East

It is a truth universally acknowledged by pundits on Crypto Twitter that emerging markets are more likely to see revolutionary bitcoin usage, at least in the near future, than Silicon Valley.

BTC Hits Resistance at $9,050 as 7% Daily Comeback Continues

Bitcoin (BTC) was back on May 1 as the largest cryptocurrency regained $9,000 after climbing 7% in less than 24 hours. Data from Cointelegraph Markets and CoinMarketCap showed a triumphant return to form for BTC/USD, which a day previously had fallen as low as $8,400.

Bitcoin Price May Drop After Halving, Historical Data Shows

The top cryptocurrency by market value has risen by over 130% since bottoming out at $3,867 on March 13 according to CoinDesk’s Bitcoin Price Index. The cryptocurrency jumped from $6,700 to $9,400 in the last 10 days of April alone.

3 Key Factors Why Bitcoin Price Exploded to $9.4K Overnight

Bitcoin price has soared from $7,700 to $9,500 in 24 hours, mainly driven by three key factors that triggered the short-term rally. The Bitcoin (BTC) price increased from $7,700 to $9,500 overnight, increasing by 23%, according to Coinmarketcap, in less than 24 hours.

BTC Soars to Pre-Crash Levels, Breaks Key Technical Barrier

The price of bitcoin (BTC) is once again seeing strong gains in the crypto market today, after soaring to levels not seen since before crypto’s “Black Thursday” on March 12, and again positioning the asset above a key technical level in the chart.

Bitcoin Trigger That Sparked 239% Rally in April 2019 Back

Bitcoin resumed its winning streak Wednesday as its price edged further closer towards $8,000. The bitcoin-to-dollar exchange rate rose 1.53 percent to $7,878 a token, a move that brought the pair above its 20-weekly exponential moving average.

Cryptocurrency Market Value Jumps $35 Billion in 24 Hours

Cryptocurrency prices surged on Thursday, led by a big jump in bitcoin. The entire market capitalization or value of cryptocurrencies jumped $35.3 billion in 24 hours as of 2.19 p.

Bitcoin Whale: BTC Price Will Crash, Halving Is Priced in

A major Bitcoin whale has implied that the upcoming halving is already priced in and BTC price can crash after the reward reduction. The third Bitcoin (BTC) block reward halving is set to occur in 14 days and this event is usually preceded by a powerful rally that many have long forecast would bring the digital asset to a new all-time high.

What is Driving XRP’s Explosive 6 Percent Intraday Rally?

The number three ranked cryptocurrency by market cap, XRP, exploded this morning, rising more than 6 percent in less than two hours of intraday trading. Will the Ripple rally continue?

Ether Futures Activity Grows Ahead of July Protocol Upgrade

BitMEX announced an ether quarterly futures product Friday, which it described as “the only one of its kind available in the market.” Settled in bitcoin, the contract trades the ether-dollar pair, and expiry is in June.

BTC Demand Surges in China as Classic Investment Methods Dip

Bitcoin’s spot in the Chinese market has always been guaranteed, although the country’s government has always been quite antagonistic towards the digital currency. The trading of BTC and the majority of other digital currencies is still illegal in China.

BTC Forms Super Predictive Golden Cross as Price Hits $7.5K

At last, bitcoin was able to break above the price ceiling that was keeping it from pursuing a more significant bull run. The benchmark cryptocurrency jumped above $7,500 this Thursday in a surprising buying action that pushed the prices up by $704 in just three hours.

Facebook Stock Soars After $5.7 Billion Bet to Invade India

Facebook’s stock is soaring after a surprise investment in Reliance Jio, India’s largest telecom. The move will give the social media giant a foothold in India’s large market. And the two companies may be teaming up to develop a “super app” to rival China’s WeChat.

BTC Ready for Short-Run ‘Sell’, Buyers Traded Last at $6,550

Yesterday, we saw a 5% decline in bitcoin price below the $7,000 support area against the US Dollar. BTC even broke the $6,800 support level and the 100 hourly simple moving average.

BTC Volatility at 3-Month Low. Market Awaits Big Price Move

The spread between bitcoin’s Bollinger bands – volatility indicators placed two standard deviations above and below the 20-day moving price average – narrowed to $895 on Monday. That’s the lowest level since Jan.

Bitcoin Tanks After Oil’s Colossal Collapse

Bitcoin was in for a surprise plunge this Monday as investors assessed the situation in a worrisome oil market. The benchmark cryptocurrency fell by 4.30 percent to circa $6,748 per token shortly after the US oil futures price slipped into negative territory for the first time.

Bitcoin: 5 Things That Will Impact Crypto Market This Week

From oil nearing $10 to stocks trading near all-time highs despite millions of unemployed, Bitcoin has a lot to consider this week. Bitcoin (BTC) maintained $7,000 despite strong resistance on April 20 as oil crashed through fresh support levels towards $10.

China’s Digital Yuan Reportedly to Test in Four Cities

Screenshots of a purported pilot version of a wallet app for China’s forthcoming digital yuan are circulating on social media. Ling Zhang, executive director of M&A, Global Fiat, at cryptocurrency exchange Binance first shared the images on April 14, later retweeted by the exchange’s CEO, Changpeng Zhao.

Crypto Analyst Cautions Investors Against BTC for 3 Reasons

Bitcoin is often described as gold 2.0; a superior system of storing and transferring value. It has seen a rapid increase in market capitalization since its introduction in 2009, with strong custodial, exchange, and futures infrastructure.

BTC Hits $7K as $2K US Payouts Can Make Fiat ‘Hard to Value’

Bitcoin (BTC) advocates are warning of money losing all sense of value as the United States weighs yet another giant stimulus package. The U.S. would spend $400 billion on new stimulus measures to pay every adult $2,000 a month pocket under a new government plan.

Bitcoin Recovers Modestly Trading at $6,890

Bitcoin began the new week with a vertical descent, dropping in a few hours from $7,150 to $6,600 and easing by $700 at once (more than 8 percent). The cryptocurrency market capitalization again fell below $200B, rising briefly above that level on Sunday.

Bitcoin Fell Sharply by 5%, Dropping Below $7,000

Besides the main cryptocurrency altcoins also suffered, among the top 100 leading cryptocurrencies according to their capitalization, only one remained in the green territory. ![bitcoin price dips on friday][1]Photo: Pixabay

Crypto Miners' Earnings Decrease By 25% in March

Crypto miners gained $380 million in March, which accounts for a 25 percent drop in contrast to their earnings in February. As it followed from the study of The Block, these numbers are based on the belief that miners vend their Bitcoins right after they have been mined.

Bitcoin SV Outperforms Rivals in Gambling Operations

Gambling companies and online casinos are drawing their attention to cryptocurrencies as a possible payment tool. According to the recent nChain studies, Bitcoin SV has become the most popular payment tool in gambling.

Bitcoin Price Sharply Declines to 12-Month Low

Bitcoin price decreased sharply overnight, reaching $3,867, erasing in 24 hours more than 50 percent of its cost on daily basis. That was the weakest result since March 25, 2019, according to CoinDesk’s data.

Facebook Rethinks Libra Plans, Extending This Project

The G7 authorities - Great Britain, Germany, Italy, Canada, the USA, France and Japan - negatively relate to the Facebook’s intention to launch its own cryptocurrency. That’s why the social media giant decided so far to consider the possibility of creating its own electronic payment system.

BoE Considers Stablecoins May Impact Bank Lending

The digital economy can abate or even put an end the practice of bank lending, according to John Kancliff’s comments, BoE’s Deputy Governor of financial stability. ![crypto world put under question bank credit][1]Photo: Flickr

Bitcoin Remains Above $10,300

Cryptocurrencies extend gains in February 2020, with Bitcoin rates exceeding $10,300. Recall, the price of bitcoin turned over $10,000 on Sunday for the first time since September last year, as the major cryptocurrency upheld its rally in 2020.

Switzerland’s Leading Bank to Offer Cryptocurrency Services

Julius Baer, one of Switzerland’s most famous investment company, has announced recently that it was going to launch various services related to cryptocurrencies. For this, the well-known bank will be in close cooperation with newly licensed crypto bank Seba AG, in which Julius Baer acquired a stake in 2018, having become its minority owner.

Singapore to Update Regulatory Base for Digital Payments

Singapore’s new financial legislation is aimed to boost crypto-related activities in the country. This legislation, the Payment Service Act which enters into force on Tuesday, is the first one of this kind in the list of comprehensive regulations, regarding the activities of firms, which use the crypto trading and digital payments of tokens such as Ethereum and Bitcoin.

Bitcoin Price Surges, Mining Difficulty Will Change

The planned correction of the Bitcoin mining complexity will be one of the most significant one in history: it will increase by almost 9 percent. Complexity is the number of decisions needed to find a solution below an established level.

Bitcoin Is Not Trading at $24,000 in Iran

After the Baghdad developments, rumors surfaced that bitcoin touched $24,000 per coin in Iran. Apparently, the demand for the most famous cryptocurrency has grown amid the threat of a military conflict with the U.

Fate of First Blockchain-Based ETF in China is Being Decided

CSRC, the Chinese financial regulator, got a request for listing an ETF, which is seen to trail blockchain stocks, as it became known due to the CoinDesk news. ![blockchain etf in china][1]Photo: Pixabay

Lagarde: Libra May Gain Unfair Advantage; BTC Gathers Pace

The newly appointed European Central Bank (ECB) head Christine Lagarde considers that Facebook can use its online platforms to advance Libra and create a monopoly. ![lagarde casts doubts over Libra future][1]Photo: Flickr

Bitcoin Halving May Affect Cryptocurrency Rate Unpredictably

The world known cryptocurrency is almost 90 percent more expensive than it was at least year ago and market participants hardly plan that this is the limit of the price increase, as they have great plans for halving event.

Cryptocurrencies Revive After Ethereum Network Hard Fork

The most liquid digital currencies added slightly on Monday after Ethereum, the second-largest cryptocurrency by market capitalization, successfully passed its third system-wide update in 2019. ![Ethereum rises][1]Photo: Pixabay Bitcoin has overcome yet another milestone.

Bitcoin Recovers Slightly After Sinking Below $7,000

Bitcoin price tumbled below $7,000 on Monday, showing a 24 percent decline of its value over a month. One should remind, that the most famous cryptocurrency touched $13,000 in July 2019.

Crypto Advocated by Another Rival: Dai Can Change Things

The digital currencies are supported by dollars, some of them by gold, but this cryptocurrency is buoyed by another digital rival. ![Ethereum supports dai][1]Photo: Flickr The Facebook’s Libra, as a stablecoin, is the new one in the series of cryptocurrencies striving to escape the bitcoin high volatility, which makes it unfavorable for commerce.

Open-Sources Cryptographic Mechanism Supporting BTC

The world’s leading cryptocurrency exchange platform Binance disclosed recently its code, which was meant for providing cryptocurrency operations security. Binance crypto exchange launched cryptographic mechanism of open-sourced nature that can be implemented in Bitcoin and Ethereum dealings.

People’s Bank of China Calls for Blockchain Tech Adoption

The tech departmental head of the People’s Bank of China (PBoC) has called for commercial banks to embrace blockchain technology in digital finance branch, according to reports by financial companies in the framework of Shanghai forum.

Bitcoin May Reach $8,800 Following Short-Term Cross Data

A widely tracked short-term bitcoin price rate demonstrates bullish dynamics, strengthening the chances for a test of a pivotal border above $8,800. ![bitcoin to reach fresh scale][1]Photo: Pixabay The 50-hour MA of a cryptocurrency overcame the 200-hour moving average, marking the so-called “golden cross” being the signal of nothing but a bullish hint.

“Stablecoins” limit efforts to fight the money laundering

The spread of digital currencies, for example, Facebook’s Libra could have genuine repercussions for overall endeavors to identify and get rid of money laundering and terror financing, a worldwide watchdog on illicit finance said on Friday.

Visa and Mastercard to leave Libra project

A large flow of news from all sides regarding the new Facebook project was not in vain. It was that rainy day for Facebook when potential partner companies that expressed a desire to participate in this project began to refuse cooperation one at a time.

Cryptocurrency shows mixed dynamics in run-up to weekend

Cryptocurrencies came into decline this week, and the price of the most- known digital currency collapsed. Bitcoin lost about 15 percent in a shock selling-off, which was on Tuesday, pulling along the whole crypto market.

Cryptocurrency holds line, but still under threat to sag

The most-known digital currency dropped more than 10 percent this week, proving a bullish-to-bearish tone and leaving the door opened for further lowering even to $7,500. ![bitcoin slips][1]Photo: Pixabay

ECB's representative considers Libra faces tough scrutiny

Francois Villeroy de Galhau, an ECB board member, said on Tuesday that Facebook’s Libra and other similar projects highlight gaps in laws and the Facebook’s new payments project encountered a serious regulatory approach.

France denies Libra use in Europe under current conditions

The French finance minister, according to Independent newspaper post on Thursday, said that France is going to block Facebook’s cryptocurrency project in the EU over fears that it constitutes a danger for “monetary sovereignty.

Libra project applies for Swiss payment licence

Facebook’s crypto project keeps pending a Swiss payment licence, according to regulator report on Wednesday, having mentioned, that it’s vital to maintain a broad oversight of all its cryptocurrency services.

Chinese cryptocurrency will be similar to Libra

China’s proposed new cryptocurrency would bear a few likenesses to Facebook’s Libra digital coin and would most likely be utilized crosswise over main payment platforms, for example, WeChat and Alipay, a major national bank official stated.

Bitcoin builds up by almost $1,000 for 24 hours

After a stormy August, the most famous digital currency, Bitcoin, seems to recover in September, jumping from $9,600 to $10,424 this month. As one can see, Bitcoin hovers above the $10,000 threshold—a value it achieved last time in July 2019.

Bitcoin stalls below 100-day moving average

Bitcoin’s price move put the brake on below the 100-day sliding average, heightening chances of the next future sell-off. ![bitcoin prices 0209][1]Photo: Pixabay The technical analysis prove no signs of a digital currency easing in bearish selling sentiment, in particular not for the next several days.

U.S. lawmakers: worries about Libra remain

U.S. Congresswoman said that she remained concerned about the Libra project after discussing this issue with Swiss authorities under which jurisdiction falls the project’s governing body. ![Libra continue to awake concerns][1]Photo: Pixabay

Largest cryptocurrency exchange launches lending line

Binance, the one of the biggest digital exchange, launched a new area of its activity - Binance Lending, that will begin to work already from August, 28, by turn.