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Report: 55% of US Investors Show Interest in Bitcoin Investment, Covid-19 Catalyst to Changing Preferences
29.10.2020
A recent survey study reveals that more than half of U.S. investors (55%) have an interest in investing in bitcoin, a figure which is 19 percentage points higher than that of last year. This translates to a potential U.S. market of nearly 32 million bitcoin investor households. According to...
Bitcoin Whales Just Split Up $5.5B Into Smaller Wallets: Flipside Crypto
27.10.2020
Clearly the recent increase in the price of Bitcoin caused accounts with a lot of BTC to do something. ButContinue Reading
The post Bitcoin Whales Just Split Up $5.5B Into Smaller Wallets: Flipside Crypto appeared first on CoinMarketCap Blog
Bitcoin Attempting Fresh Increase, Altcoins Consolidate
26.10.2020
After a short-term downside correction, bitcoin found support near the USD 13,000 zone. BTC is currently (13:00 UTC) rising and it is trading above USD 13,100. An initial resistance on the upside is near USD 13,250, above which the price might rise towards the USD 13,500 resistance.
On the other...
Silvergate Bank Sees 40% Increase in Deposits From Digital Currency Customers
26.10.2020
Silvergate Bank added $586 million in new deposits from firms and individuals in the cryptocurrency industry in the third quarter of 2020
Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline
26.10.2020
Bitcoin transaction fees are on the rise again. Fees shot up more than 350% during the last thirty days to Oct. 22. The most significant increase occurred in the last week, as the price of bitcoin soared on growing institutional interest. According to data by Bitinfocharts, it cost an average...
Price Increase Drives 98% of Bitcoin Holders Into a State of Profit
22.10.2020
The price of bitcoin jumped significantly on Wednesday after the payment processor Paypal announced cryptocurrency support. The jump in value has pushed a large number of bitcoin holders into a state of profit, according to Glassnode “percent of UTXOs in profit” statistics. Based on...
Bitcoin Breaks USD 12,400, Altcoins Start Fresh Increase
21.10.2020
Bitcoin price settled above the USD 12,000 level and it even surged above the USD 12,400 level to set a new monthly high. The price is currently (13:10 UTC) trading near USD 12,400, with many supports such as USD 12,150 and USD 12,050.
After BTC’s rally, most major altcoins started increasing...
‘Steady Increase’ in Bitcoin Investment Coming, Not a ‘Flurry’ - CoinShares
20.10.2020
A year and half and a leap of faith will be required to finally shunt institutional investors into the bitcoin (BTC) market, claims an executive at digital asset management firm CoinShares – adding that “a steady increase building in speed up to a point” over the next 18 months was more likely than...
Bitcoin and Altcoins Start Fresh Increase
20.10.2020
Bitcoin price started a decent upward move above the USD 11,500 and USD 11,550 resistance levels. BTC was able to settle above USD 11,550 and it even spiked to test the USD 11,800 resistance. The price is currently (05:00 UTC) consolidating above USD 11,700 and it might continue to rise in the near...
Bitcoin and Altcoins Showing Signs of Fresh Increase
19.10.2020
Bitcoin price started a steady increase above the USD 11,350 level. BTC was able to climb above the USD 11,450 level and it is currently (12:20 UTC) trading above USD 11,500. If the bulls manage to gain strength above the USD 11,550 resistance, the price might accelerate higher.
Similarly, most...
Trump Says He Would Increase Stimulus Offer to Reach Deal With House Democrats: Report
15.10.2020
There's still a chance a stimulus package can be passed before the presidential election, but those chances are fading, said the U.S. president
‘Enormous Wall of Money’ Coming Into Bitcoin, Price to Reach $1 Million in 5 Years, Says Raoul Pal
14.10.2020
Macro strategist Raoul Pal says the price of bitcoin will reach $1 million in five years. He attributes the price increase to adoption by large pools of investors and the “enormous wall of money” coming into bitcoin, rather than because “the world is collapsing.” $1 Million...
Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%
11.10.2020
The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175.7 billion to $330.6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi)...
Wrapped Bitcoin tops $1B after 900% increase in two months
8.10.2020
The recent DeFi frenzy has seen $900 million worth of Bitcoin tokenized using Wrapped Bitcoin over the past two months
Conflux and Stablecorp Partner to Increase Stablecoin Awareness
6.10.2020
Conflux Network has announced a partnership with Stablecorp to connect Chinese and Canadian markets and spread awareness of the many facets of stablecoin and its benefits. Further, the partnership is expected to raise more value between the two markets in the coming years. The announcement was made...
Bitcoin To Hit $100,000 in Five Years as Demand and Adoption Increase – Report
6.10.2020
Bloomberg analyst Mike McGlone has predicted that the price of bitcoin will hit $100,000 by 2025. McGlone premised his argument on past bitcoin trends, including the period in which the price took four years to go from $1,000 to $10,000 in 2017. “So, doubling that time frame for maturation...
BitMEX Open Interest Drops, Withdrawals Increase
6.10.2020
The troubled major crypto derivatives exchange BitMEX has seen large drops in both open interest, and bitcoin (BTC) balances held on the platform.
Following the news last week that three owners of BitMEX and five related companies charged with operating an unregistered trading platform...
Cryptowisser: 75 Crypto Exchanges Dead in 2020 – More Will Follow
5.10.2020
5th October 2020, leading Crypto service comparison site – Cryptowisser, announces its Crypto exchange graveyard. The detailed page lists and explains the many crypto exchanges (largely centralized exchanges) that have disappeared, expired or collapsed this year, giving an insight into...
Saxo Bank Predicts Increase in Demand of Green Bonds in Future
25.9.2020
Taking pride in being a duly regulated banking institution and the first entity to offer online trading services, Saxo Bank has released a detailed analysis of the future of Green Bonds in the industry. The financial expert has affirmed that Green Bonds will make a profitable investment in...
Execs Managing $78B in Assets Say Institutional Investors Plan to Allocate More Cryptocurrencies
22.9.2020
New research from the digital currency insurance firm, Evertas, shows that a surveyed group of investors managing roughly $78 billion in collective assets believes that during the next five years, institutional investors will “dramatically” increase their crypto asset holdings. This...