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Prepare yourselves, the UK just banned the world’s largest crypto exchange
???? BTC | $34,625 (+2,427, +7.5%) ???? ETH | $1,984 (+156, +8.5%) ???? XRP | $0.65 (+0.03, +5.3%) ???? LTC | $132 (+5, +3.9%) Binance (world’s largest cryptocurrency exchange) was announced less than 12 hours ago to have been banned by regulators in the UK. While the company has said that it changes nothing, they […]
Crypto market rises for another straight day but strength of rally remains to be seen
???? BTC | $35,037 (+1,428, +4.3%) ???? ETH | $2,012 (+38, +2.0%) ???? XRP | $0.68 (+0.02, +3.7%) ???? LTC | $137 (+7, +5.8%) Citigroup has launched a new business unit working on cryptocurrencies and blockchain. Named the “Digital Assets Group”, it will be housed in the wealth management division. Prior to this, Morgan Stanley […]
Crypto market bounces back, Ethereum upgrade rolling out to testnets
???? BTC | $33,585 (+1,540, +4.8%) ???? ETH | $1,971 (+131, +7.3%) ???? XRP | $0.66 (+0.13, +24.2%) ???? LTC | $130 (+13, +11.3%) MicroStrategy has bought even more Bitcoin during the recent dip. They now hold around 106K BTC, at an estimated average cost of around $26K. Notably in contrast to earlier purchases of […]
Bitcoin’s $30K support gives way as metrics suggest whales are selling
???? BTC | $31,913(+570, +1.8%) ???? ETH | $1,834 (-49, -16.2%) ???? XRP | $0.53 (-0.06, -11.0%) ???? LTC | $116 (-5, -4.5%) A plunge for Bitcoin to $29.5K immediately drew a rally to $33K in a matter of hours, as metrics (Whale Capitulation Index) show a spate of selling activity from Bitcoin Whales. Active […]
Bitcoin at tipping point after nearly revisiting $30K
???? BTC | $31,366 (-4,120, -11.4%) ???? ETH | $1,873 (-363, -16.2%) ???? XRP | $0.58 (-0.18, -23.3%) ???? LTC | $121 (-33, -21.6%) Bitcoin appeared to nosedive more than -10% after the Chinese central bank summoned financial companies to tell them in no uncertain terms not to provide cryptocurrency-related services. This is not a […]
Crypto market remains distressed amidst host of bearish causes
???? BTC | $35,333 (+37, +0.0%) ???? ETH | $2,228 (+71, +3.1%) ???? XRP | $0.76 (+0.025, +2.6%) ???? LTC | $154 (+2, +1.3%) Crypto markets have shed about $100M in market value since Bitcoin formed a Death Cross technical pattern over the weekend. The top 20 cryptocurrencies by market cap have now all recorded […]
Bitcoin selling pressure remains high as crypto miner exodus from China continues
???? BTC | $38,003 (-654, -1.7%) ???? ETH | $2,361 (-40, -1.7%) ???? XRP | $0.84 (-0.01, -1.2%) ???? LTC | $166 (-3, -1.7%) The World Bank has rejected El Salvador’s request for help to implement Bitcoin as legal tender in the country, citing Bitcoin’s “shortcomings” in environmental and transparency concerns. A Decentralised Finance (DeFi) […]
Crypto market goes for a ride as Fed mentions a possible tapering in 2023
???? BTC | $38,436 (-1,561, -3.9%) ???? ETH | $2,390 (-155, -6.1%) ???? XRP | $0.84 (-0.02, -2.6%) ???? LTC | $167 (-8, -4.6%) Sygnum Bank of Switzerland is helping institutional clients stake their Ether tokens. Should the Ethereum 2.0 network launch successfully in a few years, financial institutions (and their clients) may earn interest […]
Bitcoin holds around $40K as open interest rises
???? BTC | $40,028 (-743, -1.8%) ???? ETH | $2,530 (-80, -3.1%) ???? XRP | $0.86 (-0.035, -3.9%) ???? LTC | $175 (-5, -2.9%) Bitcoin Futures open interest is ticking upwards again, to its highest level since mid-May. Some estimates show current open interest sitting above $13B, but is notably still adrift of the $27B […]
Bitcoin breaks above $40K, but may not be out of the woods yet
???? BTC | $40,547 (+1,590, +4.1%) ???? ETH | $2,614 (+116, +4.7%) ???? XRP | $0.89 (+0.02, +1.9%) ???? LTC | $180 (+9, +5.4%) Bitcoin has now gained over +20% over the last 7 days, marking a steady recovery after going as low as $30K earlier in May. It however remains hugely adrift of its […]
