The US branch of the leading cryptocurrency exchange Binance has joined the long list of trading venues that will remove the XRP token from its platform. At the same time, the asset has continued with its price drops as it struggles with the $0.20 level.CryptoPotato reported a few weeks back that the US Securities and Exchange Commission has brought charges against Ripple alleging the company of conducting a $1.3 billion unregistered security offering.Although the payment processor claimed...
Read More »Litecoin Unseats Ripple’s XRP as The Fourth Largest Cryptocurrency
Things are not looking good for Ripple’s XRP. Following the news that the United States Securities and Exchange Commission (SEC) has pressed formal charges against the company, its native cryptocurrency tanked by almost 70%. This has also led to another somewhat unexpected event as Litecoin (LTC) takes the seat of the fourth-largest cryptocurrency by market cap.LTC Now the World’s 4th Largest Crypto by Market CapLitecoin has become the fourth-largest cryptocurrency by means of total market...
Read More »Miami’s Mayor ‘Open To Explore’ Investing 1% of City’s Treasury Reserves in Bitcoin
In an interesting twist of events, the Mayor of Miami, Francis Suarez, has said that he’s open to exploring the idea of putting 1% of the city’s treasury reserves in Bitcoin.Earlier today, well-known Bitcoin permabull and proponent Anthony ‘Pomp’ Pompliano came up with an interesting tweet. He urged his followers to retweet it if they “would move to Miami if Mayor Francis Suarez put 1% of the city’s treasury reserves in Bitcoin.”Less than an hour later, the tweet has been shared over 1,200...
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 »Coinbase To Suspend Ripple Trading: XRP Down 60% In 10 Days
Veteran cryptocurrency exchange Coinbase announced that it would fully suspend XRP trading by January 2021, following the lawsuit filed against Ripple by the U.S Securities and Exchange Commission (SEC).Coinbase to Suspend XRP TradingAccording to a blog post on Monday (Dec. 28, 2020), Coinbase stated that while XRP trading will be moving to “limit only” starting December 28, the exchange is planning to suspend XRP trading on January 19, 2021, 10 AM Pacific time.Despite the suspension,...
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 »Room To Grow: Retail Interest in Bitcoin At Yearly High But Still Way Below 2017 Levels
Three years ago, Bitcoin prices were just cooling off from a surge to an all-time high of $20,000. The altcoins had yet to peak, but this would come in the first week of January.Fast forward three years and Bitcoin prices are just cooling off from a new all-time high of $28,400 on Sunday, December 27 according to Tradingview.com.Those that stood their ground and battled through the brutal two-year bear market will have done well. But many that FOMO’d into cryptocurrencies in 2017, possibly...
Read More »Bitcoin Price Eyes $28,000 as BTC Dominance Marks 14-Month High (Market Watch)
Another day and another all-time high for bitcoin as the asset broke above $27,000 and even neared $28,000. Most alternative coins have failed to mimic BTC’s gains, and bitcoin’s dominance has exploded to above 70% for the first time since September 2019.New ATH For BTC At $27,900This year’s Holiday season has turned to be quite bullish for the primary cryptocurrency. Ever since December 24th, bitcoin has painted a new all-time high daily.After breaking above $25,000 and $26,000 in the past...
Read More »Bitcoin Sets ATH at $26K as Ripple Is In Trouble: The Crypto Weekly Market Update
The past seven days were particularly tumultuous for the cryptocurrency market. The week leading up to Christmas saw massive volatility across the board, and this time, it wasn’t Bitcoin in the spotlight.Nevertheless, the primary cryptocurrency started the week by gaining about $1,500, but it was on Monday when things took a turn for the worse. BTC dropped by more than $2,000, reaching a dollar value of about $22,000. From there, however, it managed to rebound.Yesterday, bitcoin’s price...
Read More »6 Reasons For The Ongoing Bitcoin Bull-Run Beyond $20K
Bitcoin’s eye-popping run beyond the psychological $20,000 level has turned profits for almost everyone who invested in the cryptocurrency to date. Also, BTC has appreciated by more than 500 percent this year since the March lows. It is currently among the top investable assets across all financial markets. But what exactly fuelled bitcoin’s rally past the 2017 top? What’s the force behind BTC’s parabolic spurt this year?Death Of The Dollar (Not Yet But The Writing’s On The Wall)The 1D YTD...
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