Markets

After losing a substantial share of its market dominance lately, bitcoin has recovered some of the losses by nearing $40,000. This comes even after some altcoins have gained value, including yet another record for Binance Coin above $70.BTC Eyes $40K, Recovers Some Lost DominanceDespite gaining a few thousand dollars since Monday’s dip to $32,000 to about $37,000, bitcoin remained in the shadows while some alternative coins took the main stage. Consequently, they reduced BTC’s dominance over...

This week was undoubtedly an altcoin party. Even though Bitcoin is up quite a bit in the past seven days, it was altcoins that stole the show, charting major increases almost every single day.Let’s start with BTC, though. It began the week at around $34,000 and was rather indecisive in the first few days, dipping below $33,000 on a few occasions. However, it was on Tuesday when the price started going up, reaching a weekly high at just shy of $39,000 before settling to where it’s currently...

This week saw nothing but green on the cryptocurrency markets as it seems everything is surging. Ethereum charted a new ATH, as well as many other altcoins, while Bitcoin attempts to reclaim $38K.BitcoinBitcoin saw a 15% price surge this week as the sentiment starts to turn bullish again for the primary cryptocurrency. The coin had been in a consolidation phase since hitting its ATH price at $42,000 last month. Since then, it has pretty much traded sideways within the confines of a descending...

The decentralized finance field continues expanding in all directions as the total value locked in various projects has tapped $35 billion. At the same time, numerous DeFi tokens have exploded in price in the past 24 hours, including an all-time high for Chainlink and double-digit pumps for Aave, Maker, Synthetix, Compound, and more.Skyrocketing DeFi TokensThe total crypto market cap marked a new all-time high today at over $1.170 trillion, and DeFi coins have attributed the most to these...

Kuaishou managed to raise $5.32 billion equivalent to 41.28 billion Hong Kong dollars in its Initial Public Offering (IPO).Short video company and a competitor of TikTok Kuaishou Technology Company Ltd over the last 24 hours made its market debut in Hong Kong on the right foot. According to the report, the Kuaishou company recorded a 200% price surge before closing the day with a surge of 160% on its debut.This has been said to be the beginning as the company stands a chance of raising about...

Through the latest surge in the price of the DeFi giant Aave, the Total Value Locked (TVL) has also increased in a corresponding manner.Decentralized Finance (DeFi) lending giant Aave has recorded a new milestone as its price soared to a new all-time high on Thursday. According to CoinMarketCap, the DeFi token soared to $506.81 after seeing immense buying activity from enthralled investors. For a token that is less than a year old, Aave has positioned itself as one of the best performing DeFi...

Finishing the business week with some big announcements made by Theta Network, Stellar Lumens and Neo.Theta announced today that it has launched the ThetaSwap v1, the first DEX for Theta Blockchain. The ThetaSwap is built on AMM (Automated Market Making) logic similar to UniSwap, which allows to seamlessly exchange TNT20 – Theta-native tokens built on Theta Network. Theta sees a great opportunity in use of Theta Network and ThetaSwap for influencers, streamers, who build their fan tokens and...

Binance Coin, the native token of the world’s leading crypto exchange Binance, has been surging in the past several days to new all-time high records. Despite jumping above $60 earlier today, company CEO Changpeng Zhao urged people to stay calm as this is “just the beginning.”BNB’s Painted A New ATHWhile bitcoin and some altcoins, such as ETH, DOT, and LINK, took center stage during the recent bull run, Binance Coin seemed rather neglected. Although BNB had also increased in value since early...

Bitcoin cash price is currently struggling to clear the $450 resistance against the US Dollar.The price is trading nicely above the $420 level and the 55 simple moving average (4-hours).There is a major ascending channel forming with support near $420 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to clear the $450 resistance as long as it is above $400 in the near term.Bitcoin cash price is slowly moving higher towards $450 against the US Dollar, while...

Luno – a digital asset exchange based in Malaysia – has released a statement explaining that the institutional interest that drove bitcoin’s meteoric price spikes during 2020 is likely to last throughout this new year.Luno Says Institutional Love of BTC Will Last Through 2021During 2020, many large institutional firms – including MicroStrategy, MassMutual and Stone Ridge – invested hundreds of millions of dollars into the world’s largest digital currency by market cap. The idea was that...