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Bitcoin Surges Past USD 50K, Ethereum, Altcoins Eye Additional Gains


Bitcoin price gained bullish momentum above USD 49,000 and USD 49,500. Finally, BTC broke the USD 50,000 resistance and traded to a new all-time above USD 50,300. The bulls are currently (13:00 UTC) in control and there are chances of more upsides towards USD 51,500. Similarly, most major altcoins...

Bitcoin Rallies From USD 20,000 to USD 50,000 In Two Months


Source: Adobe/Fox_Dsign On December 16, 2020, the most popular cryptocurrency, bitcoin (BTC), revisited the USD 20,000 level after a three years journey. Two months later, on February 16, 2021, BTC has entered the USD 50,000 zone for the first time in its history on signs of increasing...

Bitcoin Targets USD 50,000 Again, Ethereum, Altcoins Surge


Bitcoin price started a fresh increase after it broke the USD 48,000 resistance. BTC gained momentum and it surpassed the USD 49,400 resistance. It even traded to a new all-time high near USD 49,975 and it is currently (05:00 UTC) consolidating gains. Besides, most major altcoins are showing signs...

USD 1.9B Liquidated As Overexuberant Crypto Traders Get Overleveraged


Around USD 1.9bn in 281,000 trading positions have been liquidated in a day as the market corrected sharply, per bybt.com data. Around 90% of the liquidations were of long positions, suggesting that overly optimistic traders were using margin trading to open large positions in the hope of bitcoin...

Utopia P2P’s Crypton (CRP) Now Available on Cryptex.net for USD


Disclaimer: The text below is a press release that was not written by Cryptonews.com. On February 6th, 2021 one of the most versatile cryptocurrency exchanges, Cryptex.net, listed the Utopia Peer-to-Peer (P2P) Ecosystem’s native privacy coin, Crypton (CRP) for trading against the United States...

Bitcoin Nears And Stops at the USD 50,000 Gate


It took two months for the most popular cryptocurrency, bitcoin (BTC), to rally from USD 20,000, reached again after a three years journey, to almost USD 50,000 today on signs of increasing demand. After starting this week below USD 38,000, BTC rallied on Tesla's BTC deal news, and, today, it took...

Attacked Blockfolio To Spend Up To USD 10m on Fixing Damage


Popular crypto portfolio tracker and trading app Blockfolio claims they are nearly back to business as usual and are offering up to USD 10 million in credits following this morning's scandalous hack. Blockfolio, which was acquired by crypto derivatives exchange FTX last year, has issued a couple...

Bitcoin Inches Towards USD 50K, Ethereum and Altcoins Extend Rally


Bitcoin price rallied significantly above the USD 42,000 and USD 45,000 resistance levels. BTC even spiked above USD 47,000 and traded to a new all-time high near USD 47,500. It is currently (05:00 UTC) consolidating gains and it could continue to rise towards USD 48,500 and USD 50,000. Similarly...

Tesla Buys USD 1.5B Worth of Bitcoin, To Accept BTC as Payment


Tesla confirmed it invested an aggregate USD 1.50bn in bitcoin (BTC) and may acquire and hold digital assets from time to time or long-term. "Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on...

Bitcoin Returns Above USD 40,000 In Less Than A Month


The most popular cryptocurrency, bitcoin (BTC), rallied on Saturday, moving back above the USD 40,000 level for the first time in almost a month. At the time of writing (14:38 UTC), BTC trades at USD 40,420 and is up by 6% in a day, increasing its weekly gains to 18%. BTC reached its all-time high...

Bitcoin Market Cap May Be 'Overstated' by USD 151Bn - Coin Metrics


Bitcoin (BTC) market capitalization may be overstated by USD 151.5bn, according to data from the crypto intelligence firm Coin Metrics. And the same may well go for the token's forks, the company suggested. Coin Metrics arrived at this staggering figure by looking at how many coins may actually...

Yearn's YFI Drops Following a USD 11M-Heavy Exploit


Decentralized finance (DeFi) protocol yearn.finance's YFI dropped more than USD 4,000 after one of its DAI lending pools was drained of USD 11m in an exploit. Yearn's YFI governance token saw an abrupt USD 4,190 drop last night. Though the price has increased somewhat, it's still lower than...

FTX Boss Bankman-Fried Says He Is Worth a ‘Mostly Illiquid’ USD 10B


Sam Bankman-Fried. Source: A video screenshot, Youtube/FTX Official One of President Joe Biden’s biggest campaign backers in the 2020 presidential election has been grabbing the limelight in the mainstream media – as Sam Bankman-Fried (28), the CEO of the crypto derivatives platform FTX, continues...

Circle Launches USD Coin on the Stellar Network


Circle and the Stellar Development Foundation (SDF) announced that the second-biggest stablecoin is now available within their network. USD Coin (USDC) is accessible through five integrated wallets, and it can be tradeable on their ecosystem, said the USDC issuer. Stellar Has Been the Official...

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