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Bitcoin’s price slumped by more than $13,000 in about a day after its latest all-time high above $58,400. According to on-chain data, exchanges saw the highest one-hour inflow spike in months shortly after the price peak, which could have propelled the steep decline.BTC Price Fall Predicted by Exchanges Inflows?Just yesterday, the situation within the crypto space seemed all cheerful, optimistic, and hopeful, as BTC had just broken another record and had $60,000 in its sight. Not a lot could...

Money transfer giant MoneyGram is suspending its partnership deal with Ripple, following the ongoing legal battle between the latter and the US Securities and Exchange Commission (SEC).MoneyGram announced the news of the suspension in its Q4 and full-year 2020 financial results published on Monday (Feb. 22, 2021). As part of its Q1 2021 outlook, the company said:“In addition, the Company is not planning for any benefit from Ripple market development fees in the first quarter. Due to the...

Today’s correction has been the biggest one we’ve seen in quite some time, reminding many that ‘up only’ isn’t always true. While most cryptocurrencies saw serious declines, but Ethereum’s price on Kraken’s exchange definitely went through a roller coaster.Ethereum Flash-Crashes to $700 on KrakenKraken is one of the leading US-based cryptocurrency exchanges, and it even received a banking charter from the Wyoming Banking Board.This, however, played a little role today as its platform saw...

Janet Yellen, the recently-appointed Secretary of the US Treasury, doubled-down on her belief that BTC is frequently used in illicit transactions, while it fails as an efficient form of payment.Interestingly, her comments came as the price of the asset slumped by more than $11,000 in a day to below $48,000.Yellen On Crypto And BTC’s InefficiencyWhile speaking at the DealBook DC Policy Project, an event moderated by the New York Times, Yellen commented on the steep road the US has to face in...

JPMorgan strategists have supported the narrative that Bitcoin is in a liquidity crisis. However, instead of highlighting it as a potential catalyst for further price increases, they warned that the asset could experience a sharp price drop just as quickly. The primary cryptocurrency reached yet another record during the weekend with a new all-time high of $58,400 (on Bitstamp). However, the price corrected somewhat sharply, and BTC lost over $4,000 of value in a matter of hours and dipped to...

This week was very interesting in the cryptocurrency market. Many things happened. Bitcoin reached a new all-time high, but so did a lot of other cryptocurrencies.All of the top picks we wrote about last week performed very well amid the booming bull market, and today we take a look at the top 5 altcoins that are worth paying attention to in the next seven days. Let’s have a look.Ethereum (ETH)Ethereum saw a very nice increase in the past seven days. In fact, it managed to break the coveted...

It’s safe to say that the past year has been particularly tumultuous and interesting when it comes to the cryptocurrency markets.The entire market exploded, Bitcoin officially became a trillion-dollar asset, while many altcoins saw massive gains. Uniswap’s UNI token is no different.Uniswap’s UNI JourneyUniswap is the leading decentralized exchange and automated market maker on Ethereum’s network. It provides means for users to create liquidity pools for any token based on the ERC20 protocol...

After the latest price record above $57,500 and a subsequent sharp drop to $54,000, bitcoin has calmed around the $56K price mark (as of now). Most alternative coins have charted declines over the past 24 hours, except for UNI, which painted a new ATH north of $32.Bitcoin Stalls After The Latest ATH Set At $57.5KThe past week was quite positive for the primary cryptocurrency as it recovered from the brief dip to $46,000 decisively. In the following days, the asset gained more than $11,000 of...

Although several well-known companies recently allocated funds in BTC, a study among 77 financial executives showed that the overall number of firms planning to get on the bitcoin bandwagon is relatively modest at just 5%. Somewhat expectedly, most skeptics justified their decision with BTC’s volatility.Most CFOs Have No Plans To Buy BitcoinTesla shocked the world last week after news broke that Elon Musk’s electric vehicle giant had purchased $1.5 billion in bitcoin. Apart from the immediate...

The narrative that bitcoin is rarely used for payment transactions has been debunked by several fields in the span of a week. Apart from Swiss residents being able to pay their canton taxes in BTC or Portuguese citizens paying their electricity bills, a UK-headquartered private jet charter company said that nearly 20% of its yearly revenue came in the form of the primary cryptocurrency.PrivateFly Gets 19% Of Revenue In BTCFounded in 2005, PrivateFly is a global private jet charter company...