Will Bitcoin retest $74K as weak demand keeps BTC bulls under pressure

The cryptocurrency market has eased from the selloff that gripped it over the past few days, with Bitcoin holding above the $75,377 support level. However, the leading cryptocurrency by market cap continues to underperform, with the declining retail and institutional demand capping its recovery attempt.

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Tether Briefly Passes $10 Billion in Market Cap

The Tether (USDT) stablecoin briefly crossed $10 billion in market cap on June 30, continuing its trend of usage and growth in 2020. The token has been criticized by the cryptocurrency community for excessive minting, but the team has said that this has been in response to high demand.

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Tether hits $10bn market cap as DeFi drives demand

Despite controversy over its issuance, Tether has recently seen its market cap hit $10...

The post Tether hits $10bn market cap as DeFi drives demand appeared first on Coin Journal.

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Bitcoin's Network Demand Score falls to pre-crash levels

Bitcoin's recent market movement has been one beset with volatility. However, some optimists still believe that the price of the world's largest digital asset can still surge to $300k levels. On the cThe post Bitcoin's Network Demand Score falls to pre-crash levels appeared first on AMBCrypto.

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A Coinbase Pro Listing and Other Eye-Opening Data Points on Compound’s Surge in Demand

It's hard to pick just one stunning fact about the market suddenly created by the issuance of Compound's COMP token.

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DeFi Tokens Maker, Kyber Network, and Aave Moon Despite Uncertainty in the Market

Demand for DeFi tokens continues to rise, and Maker, Kyber Network, and Aave are a clear example of this. These cryptocurrencies have enjoyed an impressive rally over the past few... The post DeFi Tokens Maker, Kyber Network, and Aave Moon Despite Uncertainty in the Market appeared first on Crypto Briefing.

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Demand For Ethereum Blockchain Jobs Picks Up

After a lull in new blockchain positions there seems to be a return of activity in the market. We’ve noticed in our daily research an increase in new adverts for... The post Demand For Ethereum Blockchain Jobs Picks Up appeared first on Trustnodes.

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What’s Driving The Demand Behind Stablecoin’s $10B Crypto Market Cap Milestone?

The growth of stablecoins in 2020 has been unlike anything seen before. Each week, more and more of the fiat-backed crypto assets are printed, nearly as fast and as often as the Federal Reserve is printing new cash.

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Bakkt and Novogratz’s Galaxy Digital Partner Following the Uptick in Demand from Large Institutions

Bakkt is partnering up with Mike Novogratz’s Galaxy Digital to launch a collaborative “white-glove service” for “multi-billion-dollar” asset managers looking to buy and store bitcoin. As per the announcement that came on Wednesday, Galaxy Digital’s affiliate Galaxy digital trading is providing market access and trading capabilities while Bakkt Warehouse will safeguard digital assets for clients. […]

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Ethereum (ETH) Transactions' Metrics Show Huge Upsurge of Network Usage

The Ethereum (ETH) network experienced a significant spike in terms of market demand and adoption. A new metric revealed by Glassnode proves it one more time.

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Crypto Investment Giant Captures Insane Market Demand With Another Week Of Massive Bitcoin Accumulation

Despite Bitcoin’s struggling price movement since the year began and even after the halving events, new reports have continued to prove that Cryptocurrency investors, precisely Bitcoin investors, have remained bullish as investment continues to increase in leaps and bounds.

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60/40 Portfolios Will Pick Bitcoin over Government Bonds, Claims Veteran Investor

Bitcoin could attract higher demand from hedge funds as government bonds return poor yields. Portfolios with 60 percent exposure in the stock market and the rest 40 percent in the sovereign notes would diversify into Bitcoin/Gold, according to Dan Tapeiro, the founder of Dtap Capital.

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Bitcoin's Put/Call ratio hits 2020-low

The Bitcoin Options market has noted great demand coming from traders for buying call option contracts. This demand was reflected in the Put/Call ratio metric provided by Skew. According to the data pThe post Bitcoin's Put/Call ratio hits 2020-low appeared first on AMBCrypto.

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Bitcoin Price Tests $9.4K as Demand for Put Options Drops

Put options – a bet on bitcoin's price – are declining alongside a rise in the leading cryptocurrency by market cap's price.

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What does Tether's demand surge imply?

The cryptocurrency market saw a huge chunk of its gains wiped out by the Black Thursday crash back in March. However, in all the ensuing chaos, stablecoins were the asset class that emerged winners.

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New Bull Market Signal? Bitcoin On-Chain Demand Growing Stronger Post-Halving

Bitcoin’s halving event is done and now investors and experts are waiting for the next step. The digital coin before the halving event picked up positive sentiments that saw its embark on a steady bullish run.

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Bitcoin's perfect network demand score might not necessarily mean a bull market

For weeks leading up to Bitcoin's halving, a common narrative that was advocated well by the ecosystem was the improvement in Bitcoin's on-chain fundamentals. After the price regained its momentum folThe post Bitcoin's perfect network demand score might not necessarily mean a bull market appeared first on AMBCrypto.

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Bitcoin options skew shows a massive demand for puts; here’s what this means

Bitcoin’s options market is suggesting that there is a growing demand for put positions amongst traders. The post Bitcoin options skew shows a massive demand for puts; here’s what this means appeared first on CryptoSlate.

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Bitcoin Futures, Options, and Open Interest: Crypto Derivatives Break Records After the Halving 

Since the market rout on March 12, otherwise known as ‘Black Thursday,’ bitcoin futures and options contracts have seen significant demand. On May 14, CME Group saw the total number of outstanding derivatives contracts (open interest) touch a high of $142 million.

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P2P Bitcoin Trade Volumes and Inflation in Latin America Are on the Rise

During the last two months since the March 12 crypto market rout, otherwise known as ‘Black Thursday,’ demand for cryptocurrencies seems to be on the rise in certain regions in Latin America.

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Why the U.S. Housing Market May Be Even Weaker Than You Think

The U.S. housing market continues to look incredibly resilient, but a strong rebound in homebuyer demand masks some serious threats. The post Why the U.S. Housing Market May Be Even Weaker Than You Think appeared first on CCN.com

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Housing Market Shines a Hopeful Beacon for a Plague-Ravaged Economy

In an economy ravaged by a pandemic, optimists can find a hopeful beacon in the housing market: pent-up demand. The post Housing Market Shines a Hopeful Beacon for a Plague-Ravaged Economy appeared first on CCN.com

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Bitcoin’s Order Book Is Stacked With Bids: Here’s What That Means for BTC

Bitcoin has seen an influx of buying pressure over the past few weeks. This much has been made clear from the cryptocurrency’s 130%+ recovery from the lows. While BTC has stalled since reaching $9,500 last week, data indicates that there is still market demand for crypto.

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Bitcoin's rigid supply curve and demand follow different market basics

Bitcoin's halving is right around the corner and anticipation is surging among many of the market's speculators. In a recent market recap presented by Jeff Dorman, Chief Investment Officer at Arca,The post Bitcoin's rigid supply curve and demand follow different market basics appeared first on AMBCrypto.

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Venezuelan Government Insists Petro is Worth $60 but Free Market Says Otherwise

The Venezuelan government has continued to promote the use of their national cryptocurrency, the Petro, by insisting that retailers accept it as payment. However, the token’s low value in the free market and a lack of demand put consumers and retailers at a disadvantage.

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Warren Buffett Can Technically Buy All Circulating Bitcoin Today, But Not Really

Because of the relative youth of Bitcoin, the market surrounding it still remains somewhat small, with a total size of $164.5 billion To keep this in perspective, Warren Buffett has approximately $137 billion, meaning that he is just a hair short from (theoretically) being able to buy every circulating BTC The math regarding this possibility is a bit deceiving, however, as it is premised on the notion that the market dynamics of supply and demand […]

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Stablecoins Provide Cover as Global Risks and Uncertainty Quake

Stablecoin demand and issuance sees such a dramatic surge in 2020, that the Bitcoin market cap may not stay the largest for much longer

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Is Bitcoin a Good Investment: Analyst Predicts High Institutional Demand Post Covid-19

The global crisis and financial market turmoil have many investors looking into whether cryptocurrencies, such as bitcoin, are a good investment for them. A Japanese analyst has predicted high institutional investor demand for bitcoin post coronavirus crisis, giving three key reasons why the cryptocurrency is an attractive investment.

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Eerily Accurate Trader Says the S&P 500 Is on Thin Ice, and That’s Bad for Crypto

After remarkable rallies from the lows, both crypto and the stock market have reversed over the past few days. Bitcoin has shed 9% from the local highs while the stock market has tumbled 5%, responding to a crash in the demand for oil, which resulted in barrels temporarily trading negative on April 20th.

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Oil Market Storage Issues Show Fragility of Tangible Asset Prices

In an unprecedented move yesterday, U. S. crude oil futures plunged well into the negative territory. An oversupply during a period of record-low demand has seen oil prices tank around the world.

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Crypto Market Forecast: 20th April

Crypto assets enjoyed healthy price and fundamental gains over the course of last week. Leading platform blockchain (ETH) was a top-performing asset, benefiting from being the host of many top stablecoins that are enjoying a surge in demand.

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Chainlink Cryptocurrency is Up 100 Percent YTD; What’s Behind the Intense Rally?

Chainlink has beaten bitcoin while emerging as one of the most profitable assets in the cryptocurrency, as well as the traditional market, in 2020. Demand for Chainlink’s LINK token has gone up after a US-based venture capital firm has backed its use to offer collateral to dwindling stablecoin DAI.

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XRP Open Market Supply Is Drying Up – Will Demand Push Prices?

For some years now, people have been grumbling about XRP’s lack of price traction. Many who got the crypto after the 2017 bull run have long anticipated a price surge to get them some stable profits.

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Tether Tops $7 Billion Market Cap, Trades at Premium

The demand for stablecoins has reached record levels, prompting the world’s largest producer to keep on minting them. Tether has hit an all-time high in terms of market capitalization and has been trading at a premium on some exchanges.

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5% Over Spot: Gold-Backed Tokens Tether Gold and Digix Sell for Higher Premiums

Digital asset markets have been gathering some gains during the last few days and tokens like stablecoins have seen massive demand since the start of the market carnage. Alongside stablecoins, gold-backed digital assets like Tether Gold, Pax Gold, and Digix Gold have seen tremendous trade volumes as well.

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Global demand for crypto continues to skyrocket: What’s behind this trend?

Considering Bitcoin fell by nearly 50 percent during a single day in March, it may be easy to assume that interest in the cryptocurrency market is low; this would make sense, for a multi-billion-dollar asset to lose half of its value within a day would normally send consumers running for the hills.

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Estimated Russian Urals Oil Prices Turn Negative, Storage Capacities Are Full

Coinspeaker Estimated Russian Urals Oil Prices Turn Negative, Storage Capacities Are FullWith government institutions enforcing a shutdown due to the COVID-19 outbreak, the demand in the oil market has plunged to a record low.

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Bitcoin (BTC) Dominance to Rise Above 90%, No Demand For Alts: Analyst

During the ongoing crypto market recession, analysts from the Messari team published numerous meaningful observations on what?s going on with Bitcoin (BTC)

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Demand for Internet Dollars: Crypto Investors Pile into Stablecoins for Safety

Over the past few weeks, stocks markets, crypto markets, everything took a brutal beating amidst the fear of coronavirus pushing the market into recession. Investors have been selling everything they can get their hands on, even safe haven assets like gold and bonds got sold off in a rush to the safety of cash. It's […]

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Bitcoin Price Crash Fails to Cripple Retail Demand

Bitcoin’s eccentric performance last week had it shed roughly $80 billion from its global market valuation. But investors are not giving up on the world’s first decentralized digital asset.

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Tether (USDT) Stablecoin Rolls Out on the Bitcoin Cash Blockchain Network via SLP

The demand for stablecoins has been on an uptrend in the past week surging Tether’s market cap to over $5.7 billion. As it stands, more than $480 million have been minted within the past weeks. These figures may continue rising especially with the move to leverage BCH’s Simple Ledger Protocol (SLP). The SLP is basically […]

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Walmart (WMT) Stock Hits New Record, Adds 2.78% While the Whole Market Is in Red

Coinspeaker Walmart (WMT) Stock Hits New Record, Adds 2. 78% While the Whole Market Is in RedFor Walmart, the coronavirus outbreak has taken a beneficial turn, as the demand for some categories of goods and the number of deliveries have notably increased.

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Dow Futures Crash 700 Points as Markets Brace for Another Liquidity Crisis

Futures on the Dow and broader U.S. stock market tumbled Wednesday night, as demand for dollars pushed the greenback to multi-year highs. The post Dow Futures Crash 700 Points as Markets Brace for Another Liquidity Crisis appeared first on CCN.com

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3 Reasons Why Ripple’s XRP Price Hasn’t Returned To $1

Ripple’s XRP ever since it hit its all-time high, a little over $3, has failed to make any vital impact on the crypto market. The potential behind the coin has seen investors and experts demand more from it but that hasn’t been the case.

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BlockFi Raises Deposit Rates as Bitcoin Crash Juices Loan Demand

Market makers and proprietary traders are taking out more crypto loans after the second-largest price drop in bitcoin created a new, more volatile market.

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Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc

Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.

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$100M+ in Margin Calls: Crypto Lenders Demand Collateral as Market Buckles

“As of five minutes ago, everyone who needed to post collateral has,” Genesis CEO Michael Moro said Friday afternoon.

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Ripple (XRP) Price Analysis (February 26)

Key Highlights XRP/USD market has managed to break down its recent key technical mark at $0. 26 to average a low $0. 22 demand zone. The XRP/USD sellers are yet a bit tougher in exerting pressure on the crypto-market.

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Bitcoin Active Supply Drops: Are More People Buying BTC en Masse?

Yesterday, the active supply of Bitcoin on the market was at its lowest in months — suggesting consistent demand for BTC ahead of the halving.   The next Bitcoin halving is expected to occur on the 18th of May, 2020 — marking 4 years since the last halving event.

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MONERO (XMR) Price Analysis (February 22)

Key Highlights There has been a notable size of slight downs in the XMR/USD market worth. The value of XMR/USD may still lower southward to locate a demand line around $70. A line of consolidating moves is likely bound to occur around the $70 mark, which may afterward give way for a bullish rebound trend. […]

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