Markets

Trump may not like crypto, but the crypto-verse sure doesn’t miss a chance to mess with him. As proof that anything can be tokenized – no matter how trivial or influential – a derivative has just appeared on Uniswap to track the President’s health: Please welcome the Trump Health Index (THI).Little is known about this “project” beyond its name and evolution (and, of course, its smart contract). For purists, it should be an index that goes up when the market has a positive perception of the...

Bitcoin has stayed in a relatively tight range between $10,500 and $10,600.Most large-cap altcoins performed similarly, except for Binance Coin. After a 9% increase for the week, BNB now occupies the 5th spot in terms of total market cap.Bitcoin Remains In A Tight RangeFollowing the recent price declines from Friday and early Saturday, Bitcoin calmed down. Since yesterday, BTC dipped to a low of around $10,500 and jumped towards the intraday high of $10,600.In the past 24 hours, BTC has...

For the past month, BTC’s volatility had decreased compared to the previous months. The primary cryptocurrency had mainly traded inside a $1K range between $10,000 and $11,000. Over the past week, Bitcoin reached the upper boundary of that range at $11K; however, the news coming from BitMEX charged by CFTC, along with President Trump’s hospitalization, sent Bitcoin to $10.4K last Thursday, which marked the weekly lowest price. So far, this weekend had been slightly positive,...

Despite numerous reports indicating that Bitcoin HODLers are on the rise, a recent survey revealed the opposite. About 70% of participants that own digital assets answered that they had used them to make purchases such as food, clothing, and even education.Crypto Users Actually Spend Their HoldingsBlockCard partnered with Bitcoin Market Journal to survey over 35,000 cryptocurrency investors if they use their coins for payments. Some of the questions included if they had spent any digital...

According to a recent poll by the creator of the popular Bitcoin stock-to-flow model, the majority of participants believe that BTC’s price will either hit $55,000 or stay below it by the end of 2021.Backstory: Bitcoin Stock-To-Flow Model(s)A cryptocurrency analyst going by the Twitter handle PlanB revealed the first version of the BTC stock-to-flow model a few years back. He described the stock as the size of existing reserves (or stockpiles) and the flow – the annual supply of bitcoins on...

Following the recent price decreases after the BitMEX and Donald Trump COVID19 news, Bitcoin has calmed and trades above $10,500. The situation with the altcoins is somewhat different as most continue struggling.Bitcoin Stays Calm After The DropsAs reported yesterday, Bitcoin tumbled from $10,900 to about $10,450 in a matter of hours. The drop came after news broke that the US CFTC charged the owners of the large cryptocurrency derivatives exchange BitMEX for illegally operating the platform...

Decentralized finance (DeFi) has grown exponentially this year and is becoming more popular on a regular basis.DeFi Is Heading for the StarsOne of the big things behind the growth of DeFi is Chainlink, which has become one of the largest cryptocurrencies available in the digital world today. At one point, Chainlink (LINK) was in 12th place when it come to the arena’s largest digital assets, but now, the currency has a total market cap of several billion and has moved into fifth place, marking...

To say that a lot has happened over the past seven days would be an understatement. Starting off with Bitcoin’s price, it’s currently trading at around $10,500, down $150 over the week.Everything was going relatively well for BTC. It peaked above $10,900, giving many people hopes that we will finally see a breach above $11,000 and a restart to the bull run. However, it was yesterday when things took a turn for the wors.As CryptoPotato reported, the US Commodity and Futures Trading Commission...

BitcoinOver the past seven days, Bitcoin dropped by a total of 2% as it currently trades around the $10,500 level. The week was pretty interesting after it rebounded from a 6-month-old rising trend line last week. After bouncing, it continued higher to reach as high as $10,900 at the start of October.Unfortunately, Bitcoin failed to break resistance at a falling trend line, and it rolled over yesterday to drop back into the support at a long-term rising trend line. These two trend lines...

It pays to be a miner and process cryptocurrency transactions on a proof-of-work blockchain. The Ethereum miners know this especially well as they made a record $166 million last month from transaction fees. Bitcoin miners, however, could barely manage to scoop up $26 million.Ethereum Miners Made 6X More Money Than Bitcoin Miners in SeptData from on-chain insights provider Glassnode shows that miners operating on the second most popular blockchain platform made a hefty $166 million from...