Another week, another round of Crypto Tidbits. Bitcoin saw quite the past week in terms of price action, rallying from a low of $9,100 to as high as $9,900 (a high just set hours ago as of the time of this article’s writing). The asset is up 5% in the past week, per data from Coin360.
Interestingly, unlike other weeks, other digital assets outperformed BTC in the past seven days. Ethereum, especially, saw a massive surge higher, gaining 22% as buyers finally stepped in after 2019’s brutal drawdown.
The underlying industry was just as exciting as the crypto market, with there being a confluence of developments that may excite readers.
Related Reading: Crypto Tidbits: Bitcoin Stalls Above $9,000, Andrew Yang Bumps Cryptocurrency, Japan’s Digital Currency
Bitcoin & Crypto Tidbits
Bloomberg Analyst Bullish on Bitcoin’s 2020 Outlook: Bloomberg’s senior commodities analyst, Mike McGlone, recently revealed that he remains optimistic about Bitcoin’s prospects in 2020, calling the trend “favorable.” He wrote that “indications for the first-born crypto remain favorable in the key metric that matters for an asset where supply is increasingly limited — adoption.” McGlone, backing his sentiment that Bitcoin adoption is increasing, cited the growing number of active addresses on the network, which is an on-chain metric that many say is an indicator of investor demand:
“Address totals suggest Bitcoin is likely to sustain above $9,000, as we see it. One of the most robust indicators of the 2018 price decline and 2019 recovery — the 30-day average of Bitcoin active addresses from Coinmetrics — is the highest since July, when the price peaked at about $14,000.”
Tron CEO Meets With Bitcoin Skeptic Warren Buffett: It was revealed that on January 23rd, Tron’s Justin Sun met with Warren Buffett, a prominent Bitcoin skeptic, for dinner in Buffett’s home town of Omaha, Nebraska. There were six attendees in total: himself, Buffett, Charlie Lee of Litecoin, Binance Charity Foundation’s Helen Hai, eToro CEO Yoni Assia, and CFO of Huobi Chris Lee. Sun gifted Buffett “his first Bitcoin” stored on a gifted Samsung Galaxy Fold (Samsung has its own blockchain wallet in some regions), two Galaxy Fold devices “with Tron built in” and with an aggregate 1,930,830 TRX ($43,000 worth), a bronze horse, and a paper cutting of a rat in celebration of Chinese New Year. While Buffett was seemingly impressed by the gifts, he affirmed his belief that Bitcoin is not yet ready to be a proper investment.
Ethereum DeFi Hits $1 Billion: Ethereum decentralized finance ecosystem is growing much faster than that of Bitcoin. This week, the amount of capital locked in DeFi applications based on Ethereum passed $1 billion, a sum hundreds of percent higher than it was a year ago.
Mastercard CEO Explains Why He Left Libra: Last year, Mastercard left the Libra Association, Facebook’s crypto venture, though little was known about the company’s reasoning for this dramatic move. Mastercard CEO recently revealed more about this decision, telling the Financial Times that there were risks in Libra not enforcing mandatory KYC, AML, and data management protocol, adding that the partners in the project did not put adherence to global laws into writing. He continued that Libra’s model for making money made no sense.
BitMEX Unveils XRP Quanto Swap: On January 23rd, leading Bitcoin derivatives exchange BitMEX revealed its intent to launch a new financial product for XRP. In a blog post, the company said that this product would be a “Ripple USD quanto swap,” which will allow traders to leverage trade the cryptocurrency with leverage of up to 50x. The product launched on February 5th.
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Cryptocurrency prices had a strong performance last week as Bitcoin jumped to a record high and their market capitalization hit the $4 trillion milestone.
Price gains over the past week boost total assets under management up to a new all-time high of $188 billion. CoinShares noted a shift in investor attitudes which favored Ethereum more than Bitcoin.
The global cryptocurrency market capitalization surged by an impressive 16.3% last week, reaching a record high of $3.2 trillion and gaining $430 billion in valuation for the week. Bitcoin (BTC) led the charge, achieving a new all-time high above $93,000.…
Bitcoin has been on an absolute tear over the past few days. Since bottoming at $9,100 early this week, the cryptocurrency has ripped higher, surging from $9,100 to a recent high of $9,850 as buyers have stepped in en-masse.
Over the past week, Bitcoin (BTC) has found itself in a steep rise higher, rallying from $9,100 to as high as $9,850 — a gain of 8.2% — in the span of four days. Although this sort of price action isn’t abnormal for the leading cryptocurrency, it has been underscored by a growing sense of... The post appeared first on NewsBTC.
Bitcoin SV (BSV) was among the major gainers this week as a macro bullish move pumped all the leading Bitcoin rivals. The fifth-largest cryptocurrency by market capitalization swelled 14. 88 percent since Wednesday’s open, establishing a week-to-date high of $311.
Bitcoin and crypto markets are on the roll again today following a week of consolidation. BTC has pushed higher to tap a fourteen week high on its way to five figures, here’s why. BTC has made another sustained move higher today as it taps $9,750, its highest price since late October.
Ripple’s cross border payments token, XRP, has surged a whopping 15 percent since the beginning of the week. A new partnership with a big Latin American money remittance services company is driving momentum.
Over the past month, Bitcoin (BTC) has exploded higher. The leading cryptocurrency, after bottoming at $6,400 in the middle of December, has surged by nearly 50%, surging as high as $9,550 last week.
Bitcoin has made another sustained move higher today tapping a high not seen for almost three months. From here there is a very short ride to $10,000 again but will it get there this week? Bitcoin Adds Another 5% For the fourth day this week bitcoin has added further gains.
After an 11% drop last week, Bitcoin (BTC) started to mount an extremely strong recovery on Sunday and Monday. Just earlier today, the cryptocurrency reached a local high of $9,150, trading 5% higher on the day.
Since the day started (PST), Bitcoin has plunged, collapsing from the daily high just above $8,700 to $8,460 as of the time of writing this — a drop of just around 3%. Right now, prices are the lowest they have been in days, nearly a week with BTC failing to maintain the bullish momentum seen... The post appeared first on NewsBTC.
Another week, another round of Crypto Tidbits. The past seven days have been quite, quite exciting for Bitcoin and its ilk. Per data from Coin360, BTC has gained 11% in the past week, rallying as high as $9,000 as buyers have stepped in en-masse.
The Dow could make it to 30,000 sooner than expected as several key events help spur on this rally and help markets march higher.
The post 5 Reasons Dow Will Finish The Week On an Incredible High appeared first on CCN.com
Bitcoin trading has reached an all-time high in Venezuela. During the week of Jan. 11, crypto investors bought and sold 367 billion bolivars ($5. 5 billion USD) of BTC on LocalBitcoins. This week’s volume is 1.
Last week, the tension between the US and Iran that rose resulted in Bitcoin showing signs of being “digital gold. ” It all started with the announcement of the Iranian general Qassem Soleimani’s death.
If the first full trading week of Bitcoin is a sign of things to come, then buckle-up, we're in for a ride!
Within a week, Bitcoin waved away its December blues, rose to a new 2020 high, saw a voluThe post Bitcoin volatility anchors volume rise; Bakkt OI hits ATH appeared first on AMBCrypto.
In another bullish move, Bitcoin price climbed 10% to reach as high as $8,463 on Bitstamp. In the past week, when BTC price first surged on the rising tension in the Middle East, BTC price has surged about 25%.
Monero (XMR), the biggest privacy-focused cryptocurrency by valuation, increased from $44 to $58 in the past seven days by a staggering 30 percent. Behind its abrupt increase in price are an all-time high hashrate, Coinbase CEO Brian Armstrong’s optimism towards anonymous cryptocurrencies, and Monero’s strong technology that allows for real anonymity.
Oil traders may be unconvinced from the asset rallying on the back of geopolitical tensions but the opposite is happening for bitcoin as new capital flows in. Bitcoin Rallies Are Real Today’s 10% pump of bitcoin from intraday low to a 7 week high of over $8,400 happened as news broke of Iranian retaliation for last week’s US airstrike.
Twice within the past week bitcoin prices have reacted strongly to escalating geopolitical tensions reinforcing its status as a safe-haven asset. Bitcoin Surges 10% on Iranian Missile Attack Over the past couple of hours, BTC has surged to reach a seven-week high of $8,450 according to Tradingview.
Volatility returned to the crypto markets this week. The BTC price bounced strongly over the weekend jumping by over US$500 in value after 5 days of bearish price activity. It was also a good week for blockchain fundamentals as segwit usage on Bitcoin hit an all time high and Monero's privacy abilities were publicly endorsed by a Europol analyst.
In less than 24 hours, the Bitcoin price went from $7,170 to $6,853 to $7,341 on Bitstamp. On Bitfinex, the price climbed as high as $7,416. Trading volume meanwhile is still low at $378 million though up from less than $200 million earlier this week.
The Dow Jones closed at a record high this week, fueled by gains in FAANG stocks. Yet, fund managers are concerned with earnings growth.
The post Dow Jones Is Massively Overvalued, According to One Key Metric appeared first on CCN.com
Over the past few days, Bitcoin (BTC) has started to show signs of life, surging as high as $7,700 on the morning of Dec. 23. As of the time of writing this, the cryptocurrency is changing hands for $7,300, up nearly 15 percent from the brutal $6,400 low put in last week.
Late weekend trading has resulted in another minor rally for Bitcoin which has just reached resistance at a two week high. Sentiment among traders and analysts has flipped bullish again as hopes of a ‘Santa rally’ return to crypto land.
All eyes have been on Bitcoin over the past few hours as it tapped a two week high and monthly resistance. BTC is not the top performing crypto asset at the moment as that accolade goes to Tron. Tron Adds 9% in Crypto Surge Bitcoin dominance may have hit a three month high over 71%.
Since trading as low as $6,400 this week, Bitcoin (BTC) has seen a strong price recovery, surging as high as $7,300 late last week as bulls managed to defend key levels. In other words, the leading cryptocurrency jumped by nearly $1,000 from the multi-month bottom, making some believe that bulls are back.
While Bitcoin saw a 10% jump this week, rallying from the multi-month lows of $6,400 to surge as high as $7,300, there is still a sentiment in the cryptocurrency market that a return to the $6,000s, then a drop to the $5,000s is entirely feasible.
It’s been a frustrating year for cryptocurrency as a whole, more so for the alts. But none of the high caps have underwhelmed as much as XRP. In line with this, following further drops this week, the case for XRP, as an investment, is looking weak.
After losing 16% of its value in November, the price of Bitcoin traded above $7,000 in the first week of December, going as high as $7,800. Currently, we are trading at $7,550, up by 2. 80%, as per Coincodex.
Older pieces of technology often fetch a high price at auction. One of the only two surviving prototypes of the original Macintosh recently netted the seller $150,075. Computer enthusiasts always had a soft spot for older Macintosh computers, regardless of their design and state.
As Bitcoin (BTC) has floundered over the past few months, falling by 50% from $14,000 to $7,300, American equities have been performing rather well. Earlier this week, the S&P 500 set an all-time high at 3,150, and the index has gained some 25% in the past year alone — likely one of the strongest years.
The currency for the Ripple payment network, XRP's transactions are on the rise. Less than a week after its previous surge, XRPL transactions have hit another all-time high. This time, the transactionThe post XRP transactions record new ATH on Thanksgiving appeared first on AMBCrypto.
Crypto exchange Sideshift’s SLP token, SAI, has scored remarkable gains in value this week. Its price jumped well over 30% on Thursday, from $0. 0310 per coin early on Nov. 28 to over $0. 0450 a few hours later, and to a record high of 0.
Bitcoin price has had a very positive week on the back of probably its worst one this year. Since Monday’s dip, BTC has gained 18% to current prices. Chart patterns and the lack of a major capitulation could indicate that the bottom is in and the only way is up from here.
Ethereum prices have been extremely lack luster lately despite solid fundamentals and a growing decentralized finance ecosystem. The world’s second largest crypto asset is so hopelessly tied to its big brother that it may be a while before it moves independently.
The Bakkt bitcoin futures contracts peaked to a new high, signaling strong institutional interest in BTC, risk exposure, affinity in ‘physically’ acquiring the underlying asset. Bakkt Bitcoin Futures Set New Record Days After Last Friday’s Peak During a period of high volatility for bitcoin, the futures market picked up in earnest, breaking the previous record from last week and continuing on a streak of records over the past months.
Changpeng “CZ” Zhao, blockchain expert and CEO of leading cryptocurrency exchange Binance, is more than optimistic about the future of blockchain and digital currency, saying the industry will only get bigger over the next few years.
DASH/USD pair has showcased a bearish performance over that last five days. The popular altcoin has suppressed the bullish rain and has down surged by 2. 69%. Thus, it is currently trading at $69.
January 2018 was the golden age for XRP, a time when XRP hit its all-time high value of around $3.3. Since then, however, the token has had moments of hope, before falling into patterns of more sidewaThe post XRP likely to breach broadening wedge and fall to $0.23 this week appeared first on AMBCrypto.
Gold plunged 1. 5% on Tuesday as risk-off assets suffered. U. S. services PMI improved more than expected in October, according to the Institute for Supply Management. U. S. dollar hits three-week high against a basket of currencies.
For the first time in days, even over a week, Bitcoin (BTC) has started to show signs of a short-term trend forming. As of the time of writing this article, the leading cryptocurrency is at $9,400, up some 2% in the past 24 hours.
DeFi will truly earn institutional flow once users hold one portfolio view and one source of truth, while intents route to the best venue, automatically.
Alfred's investment signals confidence in Strive's growth potential, potentially influencing market perceptions and future investor interest.
The post Mike Alfred says he bought another 100,000 shares of Vivek Ramaswamy’s Strive appeared first on Crypto Briefing.
Yesterday’s outage showed how dependent the modern web is on a handful of core infrastructure providers. In fact, it’s so dependent that a single configuration error made large parts of the internet totally unreachable for several hours.
Adobe's acquisition of Semrush could significantly enhance its digital marketing capabilities, impacting competition and innovation in the sector.
The post Semrush stock rockets 75% pre-market on $1.
For years, quantum computing has served as cryptocurrency’s favorite doomsday scenario, a distant but existential threat that periodically resurfaces whenever a lab announces a qubit milestone.
A single company’s outage today disrupted access to internet services worldwide, revealing just how much global traffic depends on Cloudflare. Cloudflare’s status page described the event as an “internal service degradation” that began at 11:48 UTC, saying some services were “intermittently impacted” while teams worked to restore traffic flows.
