Crypto news

The continuous growth of the most widely utilized stablecoin Tether (USDT) has pushed its total market capitalization above the coveted $10 billion mark. On a monthly scale, the rise is even more impressive as it has doubled since March 2020.Tether Takes Over $10B Market CapTether, or as it was initially named – Realcoin, saw the light of day in 2014 as an innovative coin holding a stable value in an ever-fluctuating cryptocurrency market. The so-called stablecoin is pegged (almost) 1-to-1...

Staying at home and practicing social distancing allows many crypto-curious to sit back and learn more about cryptocurrency. According to Glassnode, the number of addresses holding at least 0.01 BTC rose to a new high of 8,439,298, despite the fact the Bitcoin continues to trade at the narrow range of $9,000-$9,300.When you enter the crypto world, you would probably hear stories of overnight success and being introduced to either spot trading or margin trading, two of the most popular tools...

Owing to its decade long correlation with the S&P 500 stock market index, Bitcoin stock-to-flow (S2F) model propounder Plan B thinks that BTC should have surpassed it’s previous ATH and hit the $25,000 price mark.‘S&P Implied BTC Price: $25K .. Interesting Times Ahead!’Plan B takes an interesting place amongst numerous other ‘Bitcoin analysts’ on crypto Twitter. A firm believer in the stock-to-flow model that he created for BTC, he posts daily price and market updates on his profile...

After weeks of sitting in a tight range, Bitcoin finally made a move yesterday and conquered the $9,300 resistance. The majority of large-cap altcoins also followed the upward tick, and, as usual, there are some notable fluctuations among low-cap alts.Bitcoin Is AliveThe last time the primary cryptocurrency stood above $9,300 for more than just a candlewick was on July 9th. Since then, Bitcoin was stuck in its quite familiar range between that level and $9,000.Yesterday, however, BTC showed...

ADA price started a downside correction after it failed to settle above $0.1350 against the US Dollar.The price is currently trading below the $0.1300 level and the 55 simple moving average (4-hours).There is a major bearish trend line forming with resistance near $0.1298 on the 4-hours chart (data feed via Kraken).The price could dip a few points, but the $0.1150 and $0.1120 levels are likely to protect losses.Cardano price is correcting gains after a strong rally against the US Dollar and...

Litecoin price started an upside correction from the $41.50 support zone against the US Dollar.LTC price is now trading well below the $42.50 level and the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $44.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could struggle to clear the $44.50 and $45.00 resistance levels in the near term.Litecoin price is slowly moving higher towards $45.00 against the US...

It looks like interest in bitcoin may be on the lower end of the spectrum, which is likely giving the world’s number one digital currency by market cap an opportunity to edge its way into bullish territory according to some analysts.Affection for Bitcoin Appears to Be SlippingThe third bitcoin halving took place during the first half of May, and despite all the hype and hoopla surrounding the event, it really didn’t amount to much. In fact, more occurred during the actual leadup of the event...

Elon Musk is back at it again, trolling Dogecoin and getting the “joke” currency to pump like mad over the weekend.Dogecoin Really Surged Over the WeekendIn a series of tweets, Elon Musk got people interested in Dogecoin by posting a meme related to the currency. This, naturally, got a lot of people talking and caused the currency’s price to shoot up by more than 16 percent. Dogecoin ultimately rose eight percent further the following day after Musk fired another tweet at the currency...

Ethereum co-founder Vitalik Buterin admitted in a tweet that the higher transaction fee on the second-largest blockchain network is opening the door to security risks. However, he said that the fee market reform EIP 1559 will solve this.Higher Transactions Fees Vs. Block Reward Encourage Malicious MiningIn a recent tweet, Buterin said that the transaction fee revenue had got closer to 50% of the block reward revenue on Ethereum.Transaction fee revenue is now nearing half as high as block...

It looks like bitcoin has reached a new pinnacle in the U.S. government. For a long time, many Americans have been worried that the country is looking to shut down bitcoin operations, but now it looks like these fears are ready to subside.Bitcoin Is Likely Here to StayFigures like current president Donald Trump have stated in the past that they aren’t fans of bitcoin given that they thought the currency’s value was based on thin air. In addition, according to John Bolton’s book, Trump has...