The long wait is finally over. Ethereum managed to breach its all-time high and is now officially in price discovery territory. This happens as the cryptocurrency charts weekly gains upwards of 30%.Ethereum Breaks ATHAt this point, it doesn’t seem to be much of a surprise that ETH broke its ATH. After all, its price has been surging consistently in the past few months and especially since the beginning of 2021.Looking at the charts, ETH’s growth is nothing short of impressive. On January 1st,...
Read More »Bitcoin Price Battles for $36K As Market Cap Reclaims $1 Trillion (Market Watch)
BTC’s somewhat adverse weekend ended with the asset bottoming below $34,000, but bitcoin has bounced off since then and topped $36,000. New all-time highs for Binance Coin and Chainlink have helped the market cap to conquer the coveted $1 trillion level again.Bitcoin Tops $36KThe primary cryptocurrency was riding high above $38,000 before the weekend, but the bears didn’t allow any further increases. Just the opposite, they drove BTC’s price south on a few occasions.The asset dipped to...
Read More »Bitcoin Tumbled $3500 In 24 Hours: Altcoins On The Rise As BTC Dominance Drops To 66%
Bitcoin’s bloody weekend continued with substantial price declines as the primary cryptocurrency dipped beneath $35,000, for the second time in 3 days. In contrast, remarkable gains for Cardano (ADA) and another all-time high for Polkadot have sent BTC’s dominance over the market to about 66%.Bitcoin Loses More Than $3K In 24HJust a few days after the Monday crash, in which BTC bottomed slightly above $30K, the cryptocurrency managed to recover most losses and even tried its hand at $40,000...
Read More »Market Watch: Polkadot (DOT) Replaced Ripple on The Top 4, Chainlink (LINK) New All-Time High
Following an unsuccessful attempt to overcome the $40,000 price tag over the past two days, BTC headed south once again to an intraday low of about $34,500. Simultaneously, while most alternative coins were in the red, the two large-caps – Chainlink and Polkadot – have both exploded to new all-time highs.Bitcoin Dips To $34.5K But Quickly RecoversThe primary cryptocurrency managed to recover the losses following a “Black Monday” style crash that drove it back to the $30K price area in a...
Read More »Bitcoin Faced First Major Correction In Current Bull Run: The Crypto Weekly Market Update
This week was very intensive in the cryptocurrency market. It’s perhaps safe to say that it was among the most tumultuous ones we’ve had in the last few months.Everything started calmly, and during the weekend, the price hit an all-time high value of $42,000. The excitement was short-lived, as immediately after that, bitcoin went in the opposite direction and started to decline. It wasn’t until Monday, however, when things took a turn for the worst.Bitcoin’s price lost around $12,000 in what...
Read More »Bitcoin Stalls Below $39K As Polkadot Surges to $15 And Becomes 4th Largest Crypto (Market Watch)
Bitcoin has failed to break above $40,000 again and has stalled beneath $39,000. The altcoin situation is significantly more volatile, with Ethereum jumping north of $1,200 and Polkadot surpassing XRP as the fourth-largest crypto following a 30% surge.ETH Above $1,200, DOT Takes The 4th SpotThe alternative coins demonstrated high volatility levels in the past week, with massive drops during the Black Monday crash and rapid recovery sessions in the days that followed.Most large-cap ones have...
Read More »Tether (USDT) January 15th Deadline on iFinex Case: Everything You Need to Know
Many in the cryptocurrency field have recently discussed the upcoming January 15th date as an important consideration for the ongoing case between the office of the New York Attorney General (NYAG) and iFinex, the parent company of Bitfinex and Tether.With this in mind, below is a comprehensive summary of what happened and what to expect on this date.The NYAG v. iFinex Case: What Happened?Back in April 2019, the office of the New York Attorney General alleged that the popular cryptocurrency...
Read More »Jack Dorsey Defends the Ban on President Trump’s Twitter Account and Praised Bitcoin
Twitter’s CEO Jack Dorsey has issued a statement in which he defended the social media’s decision to ban the account of US President Donald Trump.Interestingly, the executive also took a moment to praise bitcoin’s decentralized nature, saying that the Internet should strive to be more like it.The History Of Trump’s Social Media BansNews broke last week when multiple social media platforms, including Facebook, Snapchat, and Twitter, permanently suspended the account of the still active US...
Read More »After Buying Over $1 Billion In BTC, MicroStrategy to Host an Educational Bitcoin Conference
The NASDAQ-listed business intelligence giant MicroStrategy will host an online conference to educate large organizations about the potential merits of investing in bitcoin. Called “Bitcoin for Corporations,” the initiative has also received support from other industry giants such as Gemini, Binance, Coinbase, Fidelity, Grayscale, and more.Bitcoin For Corporation Coming In FebruaryThe company’s founder and CEO, Michael Saylor, announced the initiative on his Twitter account and advertised it...
Read More »The Man Who Lost Access To Bitcoins Worth $245 Million
Investing in cryptocurrencies carries risks of its own. Apart from the highly volatile price, investors who store their funds on external wallets (and not exchanges) need to save and protect the information that will enable them to access the assets.In case someone loses their private keys (essentially a password for the wallet), this could spell disaster. Such could be the case with Stefan Thomas and his bitcoins worth more than $240 million.7,002 Bitcoins Could Be Forever LostThe NY Times...
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