The leading digital asset manager, Grayscale, has taken full advantage of the developments within the cryptocurrency field with record-breaking inflows. The company’s assets under management (AUM) have increased ten-fold throughout 2020 to above $20 billion.Grayscale’s Best Year To DateFounded in 2013, Grayscale is among the largest gateways for institutional investors to receive exposure to bitcoin and other cryptocurrencies without worrying about storing the assets.The company registered...
Read More »New Year Same Habits: Bitcoin Marks A New ATH To Start 2021
Bitcoin ended the challenging 2020 on a high note and entered the new year with a fresh all-time high at $29,550. Polkadot has mimicked BTC’s achievement with another all-time high, while Ripple has recovered some of the recent losses.Bitcoin Welcomed 2021 With A New ATHIt’s safe to say that bitcoin has been on a roll in the past several days. After recovering from the brief dips below $26,000, BTC went on a tear, resulting in breaking above $29,000 and painting a new all-time high at $29,300...
Read More »Tyler Winklevoss Eyes ETH: Buying Ethereum Now Is Like Buying Bitcoin At 50% Discount
Tyler Winklevoss, the co-founder, and CEO of the crypto exchange Gemini and one of the earliest BTC adopters believes that Ethereum’s price is a “steal” now. He noted that the second-largest cryptocurrency is still about 50% away from its all-time high.Winklevoss: Buying ETH Now Is A StealEthereum is among the best performers through this challenging year. Whether it was the DeFi craze or the long-anticipated ETH 2.0 launch, the asset has exploded by nearly 500% from $130 at the start of 2020...
Read More »Last Market Watch of 2020: Bitcoin Price Eyes $30K, Polkadot (DOT) Breaks ATH
Despite retracing with over $1,000 after the latest all-time high, BTC has surged back up and reclaimed the $29,000 level. Some altcoins have expanded in value – Polkadot’s DOT has marked a new all-time high.Bitcoin’s Latest ATH Above $29KAfter a few days of relative stagnation around the $28,000 level, the primary cryptocurrency returned to its Q4 2020 bull run.CryptoPotato reported yesterday that BTC charted two consecutive all-time highs in a day. The asset firstly reached $28,570 before...
Read More »Ethereum Price Analysis: ETH Sideways Consolidation To End With a Wild Move?
ETH/USD – Ethereum Bulls Battling To Head Toward $750Key Support Levels: $720, $700, $675.Key Resistance Levels: $750, $762, $790.Etheruem surged by 15.5% this week, which allowed it to break resistance at $674 (bearish .786 Fib Retracement) to reach the current $735 price.The coin struggled to break $733 (1.414 Fib Extension) over the past 2-days and is continuing to consolidate in the past few days below $750 something that’s likely to end with a wild move. It is essential to wait for a...
Read More »Another NASDAQ-Listed Company to Set Up a Bitcoin Fund
GreenPro Capital has announced its plans to set up a BTC Fund for investment. The firm confirms its belief that Bitcoin might be the next best thing and a truly reliable store of value.Another Believer In The Bitcoin Institutional FutureGreenPro Capital Corp (NASDAQ listed as GRNQ) is among the latest corporations to express positivity about the future of Bitcoin. In a recent announcement, the financial advisory service provider noted that it believes that banking institutions, hedge funds,...
Read More »BNB Records New ATH As Bitcoin Correction Continues (Market Watch)
Bitcoin has continued with highly volatile moves, including a drop from $27,500 to beneath $26,000. Several altcoins have marked serious gains, such as Binance Coin. BNB charted a fresh ATH of about $40 after a double-digit daily surge.Bitcoin Rejected At $27,500After charting the latest all-time high of about $28,300 a few days ago, bitcoin started to decline in value. Shortly after the record, BTC headed south and dipped beneath $26,000.Although the cryptocurrency bounced off that level and...
Read More »Ethereum Price Analysis: After 18% From Yesterday’s Low, Is $800 In Sight For ETH?
ETH/USD – Ethereum Bulls Print Fresh 2020 Highs Above $700Key Support Levels: $720, $700, $675.Key Resistance Levels: $750, $762, $780.Yesterday, Ethereum finally penetrated beyond the $675 resistance provided by a bearish .786 Fib Retracement. It managed to spike above $700, but the bears stepped in to cause the daily candle to close around $680.Today, the ETH bulls continue to drive further higher as they penetrated beyond $700 again to reach as high as $738. It has since dropped slightly...
Read More »Cover Protocol Exploited: The DeFi Token Plunged 80%
There has reportedly been yet another DeFi exploit, which resulted in massive declines for its native token. This time, the victim was Cover protocol, and its COVER token crashed by almost 80% on Binance within minutes.COVER has tanked by almost 80% before recovering to its current trading price. Regardless, the cryptocurrency is still down more than 50% from today’s high.COVER/BUSD. Source: TradingViewThe team behind the protocol has so far failed to provide any explanation for the crash,...
Read More »Altcoins Time? ETH Soars 15% As Bitcoin Dominance Drops Below 70% (Market Watch)
After another highly volatile weekend trading day consisting of a new all-time high above $28,000 and a massive rejection, including a drop below $26K, BTC has calmed and as of now trading safely around $27,000.Most altcoins have finally joined the party with some impressive double-digit gains, including Ethereum breaking north of $700, recording a current daily high at nearly $740, which is the highest of 2020.Bitcoin’s New ATH And Subsequent RejectionThe primary cryptocurrency continued...
Read More »