Markets

Following a few days of enhanced volatility, bitcoin has calmed slightly north of the $58,000 mark. Some altcoins have used the opportunity to reduce BTC’s market dominance with impressive gains, including DOT nearing $40 and UNI jumping by 10%.Bitcoin Calmed Above $58KThe past several days were quite volatile for the primary cryptocurrency. BTC went from briefly breaching above $60,000 to a sudden drop to $53,000 before reclaiming $7,000 again on Thursday.Since then, though, BTC has calmed a...

Just before its direct listing, Coinbase has agreed to a 6,5 million-dollar fine after the CFTC found that the exchange engaged in illegal wash trading practices.The CFTC found that Coinbase could be engaged in trading practices that provided misleading information to services like Coinmarketcap and the CME Bitcoin Real Time Index. This happened via the improper use of trading bots and even irregular actions by one unidentified worker.According to Acting Director of Enforcement Vincent...

This was an important week in Bitcoin’s history. For the first time ever, the price reached an all-time high above $60,000. Regardless, it was an intense few days in terms of price action, and many altcoins also experienced serious volatility.It all started last weekend. On Saturday, the price started trending upwards and managed to breach $60K for the first time in history. In fact, it went as high as $61,800 and actually managed to hold above the important level throughout the entire...

It’s always nice to see bitcoin turn people into believers, especially those who at one point, seriously doubted the currency and felt nothing but animosity towards it. This isn’t necessarily the case for billionaire investor Howard Marks, but he didn’t always feel extreme positivity towards the world’s number one digital currency by market cap. Howard Marks: BTC Is Better Than an “Emerging Market Currency” Now, looking at the currency and seeing how far it’s come, Marks...

There’s been a lot of talk about institutional investors getting involved in cryptocurrency and bitcoin trading. Companies like MicroStrategy and Tesla have purchased billions in the world’s number one digital currency by market cap, while other financial firms – such as Square, MassMutual and Stone Ridge – have also gotten involved, and yet according to JPMorgan, it’s still retailers that are dominating the crypto investing arena. JPMorgan Comments on the Activity of...

According to the report by the Bank of America, Bitcoin is expensive to mine, it offers a low throughput in comparison to Visa, and is very volatile to be used as a store of value. New research by strategist at the Bank of America, Francisco Blanch, featuring contributions from Philip Middleton and Savita Subramanian, suggests that it takes $93 million inflows to move Bitcoin price by 1% at current levels of $59.“We estimate a net inflow into Bitcoin of just $93 million would result in the...

Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.A bearish dip is underway as both Bitcoin (BTC) and Ethereum (ETH) are parring off losses following an earlier takeover by the market bears. The ongoing slight gains from both digital currencies have resulted in a 1.36% gain in the total cryptocurrency market capitalization, a metric that is currently at $1.81 trillion.The effect of the earlier drop in the...

Bitcoin’s current bull run could continue for another 4x price increase, according to the Long-Term Holder MVRV metric, suggested Glassnode.Simultaneously, the network’s activity keeps escalating as the non-zero and 0.01+ accounts have both reached new all-time highs.Bitcoin to $250K and Beyond?The primary cryptocurrency has been on a bull run in the past several months. After all, its price increased by roughly six-fold since early October to its recently-registered all-time high at...

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The Securities and Exchange Commission has put VanEck’s ETF ( Exchanged-traded fund) proposal for discussion. The institution now has a 45-day window to approve, deny, or even extend the review process to at least 240 daysVanEck’s proposal was published on the SEC’s official website. Several companies and investment firms have been trying since 2017 to launch a Bitcoin ETF, filing numerous proposals over time. All of them were rejected by the regulatory body, citing “market manipulation” and...