Markets

According to a new report issued by financial giant JPMorgan, the volatility often acquainted with bitcoin has been declining over the past few weeks. This, in turn, could lead to further institutions looking to get their fingers on the world’s number one digital currency by market cap. JPMorgan: We’re Seeing Less Price Swings with BTC Over the past eight months, the world has been privy to increased institutional activity in the crypto space. Many largescale companies – such...

IOHK, the company behind Cardano, has partnered with Orion Protocol, becoming the first liquidity aggregator of the Cardano blockchain.  Orion has provided a non-custodial gateway to the crypto market by aggregating liquidity from crypto exchanges into a single DeFi platform. The partnership with Cardano comes after a series of integration to other protocols, such as Binance Smart Chain, Avalanche, and Elrond.  Cardano’s Bridge to the Crypto Market This partnership provides...

Ethereum has stolen the show in the past few days price-wise as the asset surged to a new all-time high at around $2,150 (as of writing these lines). While this may be surprising to some, on-chain data reveals the rapidly growing adoption of the network behind the second-largest cryptocurrency with new records for active addresses. Network Activity Behind ETH’s Latest ATH? The date was March 24th, and a market-wide correction wiped billions off the entire crypto space....

Bitcoin’s inability to overcome $60,000 has caused him a massive chunk of its dominance in the past few weeks as the metric is down to a 7-month low well beneath 60%. In contrast, some altcoins have charted impressive gains, including new all-time high records for Ethereum and Polkadot. Polkadot’s ATH Takes it to 4th Place The past several days have been quite bullish for the altcoin market. Ethereum led the charge with several consecutive green daily candles, resulting in...

After steadily moving up since the middle of last year, the price of crude oil succumbed to profit-taking in the last two weeks due to it becoming very overbought.Crude oil has certainly gone through some of the most volatile market conditions over the Covid-19 period. The price of the much-converted asset fell as low as zero at a stage, due to a number of factors, but has bounced back to be performing as a usual market again.The current market conditions see oil looking to head to $60 and...

This week was undoubtedly bullish for the entire cryptocurrency market, which came inches away from $2 trillion. This happened as Bitcoin looks to reclaim $60K, Ethereum surged above $2,000, and BNB saw a brand new all-time high. In retrospect, it was up only for the entire market during the last seven days. Bitcoin started trading at around $54K and progressed slowly but steadily through the week. On Monday, the price skyrocketed to above $58K before another leg up Tuesday,...

JPMorgan highlighted that Bitcoin is becoming more appealing to institutional investors who are seeking low-correlation assets to diversify their investment portfolios. JPMorgan Chase & Co (NYSE: JPM) in a note to clients on Thursday noted that a recent decline in Bitcoin (BTC) volatility could boost its adoption by institutional investors. A boost in institutional adoption of bitcoin is “likely to arise from the recent change in the correlation structure of bitcoin relative to...

Ethereum has been on a roll in the past week or so by gaining over $500 of value. This has resulted in a new all-time high reached today of over $2,080. Just a little over a week ago – on March 24th – ETH dropped to a low of $1,520 during a market-wide retracement that drove all crypto assets south. However, the second-largest crypto has decisively reversed the trend since then. In the following nine days, ether added about $500, which led to breaking above $2,000 earlier...

The Bank of Thailand has a harsh stance against the use of stablecoins in the country, and in March, the monetary authority issued a stern warning that it will begin penalizing the usage of any Thai Baht-backed stablecoins.Thailand’s apex monetary institution, the Bank of Thailand (BoT) is seeking a public opinion with respect to the development of its Central Bank Digital Currency (CBDC) and the subsequent tests ahead scheduled for 2022. The BoT revealed this in a Press Release published on...

This week was undoubtedly bullish in the cryptocurrency market. The major coins saw serious increases. The same is true for small-cap cryptocurrencies, as the notion of a booming altcoin season is strengthening. Bitcoin Bitcoin is up by a strong 15.8% this week as the cryptocurrency starts to push back toward the $60,000 level. It found support at the 50-day MA last week, at around $50,200, and started to rebound. Throughout the course of the week, Bitcoin managed to push...