Markets

During the past seven days, we saw an extended correction in Bitcoin’s price which failed to recover to its previous all-time highs. However, while BTC is down, a lot of altcoins started popping and gaining some serious value. For this week’s analysis, we’ve decided to take a closer look at Bitcoin, Ethereum, Ripple, Polkadot, and Chainlink.BitcoinBitcoin is down by a further 18% this week, dropping by a steep $10,900 to reach a low at $28,900. The cryptocurrency was trading at the upper...

Bitcoin-based ETF may see the light of the day under the new Biden’s administration with Elad Roisman who will be the head of the SEC.New York-based investment management firm VanEck has filed for Digital Asset ETF with the United States Securities and Exchange Commission (SEC) to enable it to track crypto-based companies’ performance. Filed on January 21, the new fund will be used to track the market performance for the Global Digital Asset Equity Index that is run by its subsidiary MV Index...

Today, the most reliable options are hybrid services like BitcoLoan, which provide users’ finances with a reliable platform to work with.2020 marks a new milestone in digital finance. Cryptocurrencies have received a powerful impetus, a lot of new products have appeared in this area, and the capitalization of the digital asset market is growing rapidly. The main cryptocurrency has risen in value several times during the year thanks to the increased interest of both private and institutional...

Technology is evolving at an impressive pace. It can be a challenge even for those who are actively involved in the digital process and interpret news about developments and novelties.In the world of technology, one of the most viral trends are cryptocurrencies and the blockchain method. The first blockchain-based cryptocurrency was a well-known Bitcoin. The development of the Bitcoin digital payment system is named after Satoshi Nakamoto. The name actually covers an unnamed programmer (or...

The CBDC settlement project aims to develop a number of solutions bordering on the workability of CBDCs under cross-border scenarios.The Bank for International Settlements (BIS) is advancing its Central Bank Digital Currency (CBDC) drive by including the development of a CBDC Settlement platform as a Proof-of-Concept (PoC) in collaboration with its partner Central Banks. According to a Press Release by BIS, the CBDC settlement development program is part of the bank’s annual work program...

Giant state-owned Russian bank Sberbank has reportedly sought approval from the nation’s central bank to launch its own cryptocurrency through a blockchain platform.Separately, a Russian court has removed the leading crypto exchange Binance from a regulator’s blacklist.Sberbank Looks Into Launching Its Own Crypto?According to the local coverage, Sberbank of Russia, one of the largest banks in the world’s largest country by landmass, has applied with the central bank to register a blockchain...

[Featured Content]Cryptocurrency trading seems to many as a very opportunistic endeavor that could net a ton of profits. After all, in just a few months, the prices for most coins have skyrocketed as the total market capitalization surpassed $1 trillion for the first time in history. And while all this might be true on the surface, in reality, it’s particularly challenging because the prices are very volatile.For example, just about a week ago, Bitcoin lost $12,000 of its dollar-value in less...

Bitcoin’s decline continued in the past 24 hours as the asset dumped below $30,000 for the first time since early January. Most altcoins are also covered in red, and the total market cap has plummeted to $900 billion – meaning a decrease of over $100 billion in a day.Bitcoin’s Drop Took It Below $29KJust a few days ago, BTC attempted to overcome the $38,000 price tag but to no avail. Ever since that rejection, the cryptocurrency has been gradually decreasing in value.The situation worsened in...

Bitcoin cash price declined heavily below $500 and $450 against the US Dollar.The price is holding the key $400 support, but it is well below the 55 simple moving average (4-hours).There was a break below a major bullish trend line with support near $490 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to recover sharply as long as it is above the $400 and $385 support levels.Bitcoin cash price is down over 20% from well above $500 against the US Dollar,...

Bitcoin and crypto markets are bleeding out this Friday morning as the selloff which initiated on Thursday, January 21, has continued with fervor into the Asian trading session.Bitcoin has shed a whopping $6,500 since the same time yesterday as it dumped to $29,000. The intraday high for BTC was $35,500 according to Tradingview, and it has currently reclaimed the $30k level.Chart – Tradingview.comFirst 30% Correction In 2020-2021 Bull RunSince its all-time high of $42,000, which was recorded...