Markets

CoinShares data reaffirms the narrative that institutional investors continue to allocate considerable amounts into cryptocurrency assets. Last week was the second-highest seven-day period with nearly $430 million inserted in the crypto market, driving the assets under management to an all-time high of $15 billion.Record-Breaking Weeks For Institutional Money In CryptoBy citing data from the digital asset manager CoinShares, Reuters reported the significant growth of institutional money...

Despite growing in price and popularity in the past few months, bitcoin still far away from receiving attention from the masses. A recent study compiled in the UK concluded that only 10% of the participants had purchased BTC, with Londoners being most akin to bitcoin exposure.10% Of UK Citizens Bought BTCFollowing the latest developments in the cryptocurrency markets when the prices started booming once again, Opinium and AltFi conducted a survey to garner people’s perspective on digital...

Bitcoin has successfully bucked the bearish trend that’s been suppressing prices for the past 10 days, following a strong bullish RSI divergence breakout that we predicted in the previous analysis.After briefly dipping underneath the 200-MA on the 4-hour chart for the first time in over 60 days, strong buying momentum returned behind the asset and has since driven BTC up over $1,680 in under 48 hours.Over $40 billion has returned to the market since the trend reversal and has helped lift...

Just two days after bottoming at $17,500, bitcoin has recovered the losses and spiked back beyond $19K, as of writing these lines. Most major altcoins are also green, besides Ripple (XRP), which continues to drop in value following the Spark (FLR) airdrop snapshot.Bitcoin Soars Above $19,300: Overvalued?The primary cryptocurrency had a volatile past several days. Last Friday, just two days ago, It went from trading safely around the $19K mark to as low as $17,500.However, after Wall Street...

Es waren die Whales, die den aktuellen BTC-Preis nach unten gezogen haben. Bereits zu Beginn der Woche deutete sich an, dass einige der großen Bitcoin-Investoren einen Cashout planen. Seit gestern ist gewiss, dass sie es waren, die den Kurs um fast 2.000 US-Dollar nach unten zogen.  Bitcoin News: Whales schicken Bitcoin-Kurs in einen Bärenmarkt CryptoQuant belegt, dass in den letzten Tagen 98% aller Bitcoins von lediglich zehn Wallets bewegt worden sind. Diese Wallets müssen Whales gehören,...

Following another dip to $17,600 bitcoin has bounced off and has reclaimed the $18K level. Most alternative coins have taken a breath of fresh air as well, and the market cap has gained about $20 billion since yesterday’s bottom.Bitcoin Reclaims $18KThe primary cryptocurrency began gradually decreasing in value at the start of the week. After a few consecutive days of trading in the red, bitcoin dipped even further to $17,600.Despite bouncing off initially, BTC failed to fully recover in the...

While Bitcoin has increased by a total of around 400% since the March lows, the picture doesn’t appear as bright in the short-term as it draws away from $20,000.Over the past seven days, the cryptocurrency lost over $1,000 of its dollar value, charting a decrease of about 5%.During the week, BTC managed to increase to above $19,300, but, unfortunately, it was all downhill from there. The cryptocurrency touched a low of $17,650 yesterday before recovering slightly to its current level of...

This week had the entire cryptocurrency market painted in red as Bitcoin withdrew to a low of $17,650 before recovering to where it currently trades at. All of the altcoins followed suit, and as a result, they’ve charted substantial decreases over the course of the past seven days, as seen in the graph below.Bitcoin lost roughly 5.6% over the past 7 days now. Following the latest drops, the leading cryptocurrency is now floating around $18,000.However, its long-term bullish trajectory is...

2020 has been a transitional year for many industries, with some struggling under the strain of COVID restrictions while others have been afforded a new found space to flourish. Two industries that have experienced growth due to global events this year are DeFi and eSports gaming. At the beginning of 2020, the total Decentralized Finance market was worth $680 million USD. Today the very same market is worth a staggering $6.68 billion, equating to almost 1000% growth in under a year. Although...

Bitcoin price continues to slide away from $18,000 today and has now returned to the 4-hour 200 EMA line (red) for the first time since October 8th, 2020.Historically, this line has been a key long-term support for BTC and even though the leading crypto is inside the worrisome CME gap, it’s actually is getting a strong reaction from buyers right now.The global crypto market capital is now under the $525 billion mark, but there is an early sign that momentum could be about to flip bullish. On...