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Bitcoin, Ethereum and Altcoins Recovering, Liquidations Hit USD 3.7B
13.5.2021
Bitcoin price topped near the USD 58,000 level before starting a major decline. BTC’s selloff was triggered by the Tesla news. The price dropped sharply and is currently (05:00 UTC) correcting losses.
Similarly, most major altcoins declined heavily. ETH broke the USD 4,000 support zone and it even...
Vitalik Buterin Donates $1B Worth of Shiba Inu Tokens to India’s Crypto Covid Relief Fund
13.5.2021
On Wednesday, Ethereum’s Vitalik Buterin took control of his stack of Shiba Inu, a dogecoin ERC20 token, and donated more than 1 billion dollars worth of the currency to India’s Crypto Covid Relief Fund. The fund is an initiative that seeks to help people suffering from the covid-19...
Ethereum price aims for $5K after reaching 3-year high versus Bitcoin
12.5.2021
Ethereum puts in two USD all-time highs in a day, but in BTC terms, it still has a long way to go
Ethereum Options Trade Volume Exceeds Bitcoin’s, Deribit Introduces a $50K ETH Strike for 2022
12.5.2021
Last week, ethereum options volume surpassed bitcoin’s for the first time on the digital currency derivatives exchange Deribit. Further, the trading platform recently introduced a $50k ETH strike for March 2022 and explained the $50k call is “gaining immediate buy traction.”...
SEC to Scrutinize Funds Invested in Bitcoin Futures
12.5.2021
The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitcoin futures markets due to the implicit volatility...
Bitcoin Keeps Struggling, Ethereum and Altcoins Remain Attractive
12.5.2021
Bitcoin price gained pace above the USD 57,500 resistance zone. However, BTC failed to settle above the USD 58,000 resistance. It started a downside correction and it is currently (12:20 PM UTC) trading well below USD 57,000.
Besides, most major altcoins are correcting gains. ETH traded to a...
Rise of YFI & Woofy May Be a Bellwether for Rotation From Ethereum To DeFi
12.5.2021
The rise of Yearn Finance's governance token YFI could be a bellwether for another decentralized finance (DeFi) season, according to market players.
A discussion is currently being led on whether "soonish, money is likely to flow down the [ethereum] risk curve back into DeFi,"...
Bitcoin price bounces despite stocks rout as Ethereum hits new $4,350 high
12.5.2021
New all-time highs for the largest altcoin combine with fresh bullishness across crypto after this week's sell-off
Urban Tea Now Accepts Cryptocurrencies Including Dogecoin
12.5.2021
A specialty tea products retailer based in China’s Hunan province, Urban Tea, has introduced crypto payments in its stores and restaurants on two continents. Starting from this week, customers will be able to buy its beverages and meals using various cryptocurrencies. Chinese Tea Stores...
Ethereum Hits New ATH, While EOS, YFI Skyrocket, Bitcoin Still Range Bound
12.5.2021
Bitcoin price formed a base above the USD 55,500 level and started a steady recovery. BTC traded above the USD 56,500 resistance and is currently (04:40 UTC) trading above USD 57,500. However, the price is still facing many hurdles ahead.
Meanwhile, most major altcoins are gaining bullish momentum....
Uniswap flips Bitcoin on daily revenue... and it’s more impressive than you think
12.5.2021
Liquidity provider fees for Uniswap have surpassed BTC network revenue on a seven-day average
Billionaire Druckenmiller says ledger-based system could replace USD worldwide
12.5.2021
Billionaire Stanley Druckenmiller thinks some kind of crypto-derived ledger system may replace the U.S. dollar as the world’s reserve currency in the future
Ethereum Price to Hit $19,842 by 2025 According to 35 Experts
12.5.2021
Thirty-five experts have come together to predict the price of ethereum. On average, they expect the price of ether to hit $19,842 by 2025. The majority of panelists say now is the time to buy ethereum while 28% say to hodl. Experts See Price of Ether Reaching Almost $20K by 2025 The “Finder...
Bullish sentiment begins to fade after Ethereum all-time high at $4,200
11.5.2021
Ethereum price soared to $4,200 but derivatives data reflects a decline in the bullish sentiment of Ether futures and options traders
Bitcoin, Ethereum, Altcoins Fluctuate After Trimming Losses
11.5.2021
Bitcoin price started recovering from the USD 53,500 zone. BTC climbed above USD 54,500 and it is currently (12:00 PM UTC) trading below USD 55,500. A close above USD 56,500 could trigger a steady increase in the coming sessions.
Most major altcoins are showing mixed results. ETH climbed above...
'DOGE Killer' Shiba Inu Clogs Ethereum While Musk Lifts Dogecoin Again
11.5.2021
Shiba Inu (SHIB) token has taken over the Cryptoverse, calling itself the dogecoin (DOGE) killer and prompting many to raise alarms. Meanwhile, 50% of SHIB's total supply is deposited to the wallet of Ethereum (ETH) co-founder Vitalik Buterin, while the Ethereum fees skyrocket yet again and DOGE...
Bitcoin and Ethereum Extend Correction, Altcoins Trim Gains
11.5.2021
Bitcoin price failed to test the USD 60,000 level and started a downside correction. BTC broke the key USD 56,500 support level to move into a short-term bearish zone. It even dived towards USD 53,500 and it is currently (05:40 UTC) trading just below USD 55,000.
Similarly, most major altcoins...
Ether balances on centralized exchanges fall to lowest level since June 2019
11.5.2021
Glassnode asserts that Bitcoin investors have been converting BTC into Ether during May
Morgan Creek’s Mark Yusko Predicts Bitcoin Can Reach $250K in 5 Years
11.5.2021
Mark Yusko, Morgan Creek Capital Management’s CEO and cofounder, is extremely bullish on bitcoin. Despite a period of consolidation, Yusko expects the leading crypto asset to tap $250,000 in five years. In a recent interview, he said that the network continues to swell in...
Price analysis 5/10: BTC, ETH, BNB, DOGE, XRP, ADA, DOT, BCH, LTC, LINK
10.5.2021
Ethereum's increasing dominance has kept traders focused on altcoins but Bitcoin's struggle to hold above $59,000 could send the entire market tumbling