Markets

The morale among bitcoin hodlers remained high during the market correction. Most of those who acquired tokens this year were unwilling to let go of them, even if Bitcoin had its worst registered price drop..A chart shared by blockchain analytics firm Glassnode revealed that most of those who bought bitcoin in 2021 have not sold them. If a strong hodl spirit in the middle of a volatile market seems odd, The SOPR (Spent Output Profit Ratio) metric could offer an explanation.HODL,...

Institutional adoption of bitcoin is increasing tenfold, and exchanges are playing a crucial part in garnering these institutions the digital assets they’re so desperate for. Changpeng Zhao – the CEO of Binance, arguably the largest and most popular crypto trading platform in the world – has stated that he’s seeing huge bursts of institutional interest in his company, and that large buys are becoming much more common. Binance Is Seeing Its Clientele Grow Binance came...

A team of analysts with the firm D.A. Davidson suggests that the new Coinbase public listing is going to be an “Amazon” moment for the world of crypto. Coinbase Is Going to Set a “Crypto Precedent” For the most part, the Coinbase listing is a big deal for the digital asset space. The industry has longed for mainstream status and legitimacy for quite some time, but the fact remains that the space has been wrought with fraud and crime, and the volatility of most mainstream...

Silicon valley billionaire bitcoin advocate and Twitter chief Jack Dorsey has finally joined the NFT craze. It was long coming, but Dorsey has made his grand entrance to the scene. He digitized his very first tweet and has auctioned it on Valuables, a platform that allows individuals to tokenize and sell their tweets.At the time of this writing, Justin Sun has bid $2 million for the piece.“Virtually” Anything is Possible With NFTsDigital asset enthusiasts have broken the bank for real estate...

The EIP 1559 is a welcome move for Ethereum users that standardize the transaction fee across the network and reduces volatility. However, mining pools have placed a strong opposition to it.As per the latest development, July 2021 is the scheduled period when the Ethereum Improvement Protocol (EIP) 1559 will go live. As per Ethereum’s core developers’ call on Friday, March 5th, five other EIPs along with EIP 1559 are likely to join the London hard fork.The Ethereum fraternity has been eagerly...

Following a few days of price slides and choppy price action, bitcoin has bounced off from yesterday’s low and eyes $50,000 once again. The altcoins have also reacted positively, with Ethereum surging by 8% to nearly $1,600, as of writing these lines.Bitcoin Has $50K In Sight (Once Again)The BTC bulls didn’t seem to like the price action since Wednesday, when the situation seemed to be going in the cryptocurrency’s way as it reached as high as $52,500 just days after bottoming at $43K....

Edgecoinpay was designed after in-depth research into the end-user and the students’ perspective for the ease of use of the current payment system in the education arena.In a radical move that will change the infrastructure of the payment facility within the education payment system via blockchain technology forever.A team managed by L.A Investment Ltd and supported by Mr. Chandra, who is the director & shareholder of Global Universities have announced alongside many more universities the...

Who says that bitcoin and the stock market aren’t correlated? Following bitcoin’s meteoric rise beyond the $50,000 line a few days ago, it looks like several crypto-based stocks are potentially following in the asset’s footsteps and are now trading at new highs for the year. Crypto Stocks Have Been Firing on All Cylinders Bitcoin has been on a serious roll as of late. In fact, it can be said that the currency has been on a bullish run for almost a year now, having shot...

This week was tough across the board, not just in the cryptocurrency market. It was marked by a serious correlation between Bitcoin and the S&P 500, as well as the entire legacy market, in general.As CryptoPotato reported, the abovementioned correlation reached a 5-month high. While this seems to be bearish in the short term, given that the stock market slumped following government bond yield that gave the market a jolt, there’s also a bullish argument to be made.Last weekend, the US...

Virgin Galactic has had to postpone several space flights prompting SPCE stock investors’ lack of confidence.Virgin Galactic Holdings Inc (NYSE: SPCE) stock extended yesterday’s dip during Friday’s premarket and is still down after the market opened. According to market data provided by MarketWatch, SPCE stock closed Thursday trading at $30.30, down 5.4%. Meanwhile, they were down approximately 7.49% during Friday’s pre-market and are down 13% at the time of writing.The dip has been...