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Cryptocurrency markets ares seeing mixed signals, with U.S. crude reaching $60 for the first time in around four months. Wednesday, March 20 — cryptocurrency markets are seeing mixed signals today after moderate growth yesterday. Most top coins are slightly down, with Bitcoin (BTC) trading at around $4,060 at press time. Market visualization from Coin360 BTC is down around 0.13 percent over the last 24 hours, and is trading at around $4,063 at press time. The leading digital currency has seen low volatility during the day, having dropped to as low as $3,993, while the intraday high reached $4,079. As reported earlier today, multiple respondents have filed comments with the United States Securities and Exchange Commission on the latest proposed rule change for the VanEck/SolidX Bitcoin exchange-traded fund (ETF). Among the seven comments filed thus far, six strongly urge the regulator not to approve the VanEck/SolidX proposal. Bitcoin 24-hour price chart. Source: CoinMarketCap ..
The bulls are back. The start of the weekend has brought back optimism to crypto market after a moment of stagnation and talks of an impending downtrend. The cryptocurrency has added $6 billion in a matter of hours as top cryptocurrencies record significant gains in the last 24 hours. Among the top coins, Bitcoin Cash leads the charge with almost 20 percent gain since yesterday. Other altcoins including Ethereum (ETH), Litecoin (LTC) and EOS (EOS) post gains against BTC whose market dominance drops further. Cryptocurrency Market Summary Bitcoin stays above $4,000 in fresh market rally $6 billion added to the crypto market in the last 24 hours Bitcoin Cash (BCH) is the best performer of top coins with 17% gains Ethereum Scales $140 mark and makes case for $150 Bitcoin (BTC) Price Today / USD Name Price24H (%)$4,014.93 2.73% Bitcoin has eventually reached and sustained a position above the $4,000 mark following a crypto market rally going into the weekend. At the time of writing, BTC i..
Bridge for seamless value exchange between crypto & traditional banks Nimiq, a disruptive project in Blockchain, has created the blueprint for making fiat currency (USD, EUR, etc) blockchain-compatible. It enables seamless value exchange between crypto and the traditional banking system. Nimiq’s novel approach makes fiat behave as if it were a token on a blockchain, meaning a crypto holder can sell their coins directly to a fiat bank account holder and vice versa. The transfer is done without a single, centralized intermediary (like an exchange or payment processor) controlling the two assets being exchanged, and without the private keys of the crypto asset ever being entrusted to a third party. This has the potential to eliminate unnecessary middlemen for merchants and crypto holders alike e.g. payment processors (like Simplex) who typically charge up to 5% on transactions. By connecting the crypto positions more closely to fiat, it removes a significant number of use-cases for stabl..
According to Bloomberg, investors turn to staking for gains in the crypto bear market, but there are risks. Volatility coupled with one of the longest bear markets ever experienced by the cryptocurrency industry have compelled many investors to consider staking as a method of “playing it safe,” according to a Bloomberg article. Staking, which is similar to earning dividends or interest on your investment, is not a new concept. However, in a long bear market, it does become more prevalent among cryptocurrency investors, as possible gains from regular trading are not as fruitful. As Kyle Samani, managing partner at Multicoin Capital Management, stated to Bloomberg: “Regardless of market conditions, staking provides returns denominated in the asset being staked. If you’re going to be long, you might as well stake." Staking rewards are a byproduct of the proof-of-stake (PoS) consensus algorithm, first introduced by Sunny King and Scott Nadal in a white paper in 2012 for peer-to-peer crypt..
Crypto markets are largely trading sideway, with top coins reporting some small gains. Feb. 1 — Markets are relatively quiet, as major coins are trading sideways, with most seeing small gains over the 24-hour period. Market visualization from Coin360 The top cryptocurrency Bitcoin (BTC) is hovering below the $3,500 mark, trading at $3,492 at press time. The coin is up by .71 percent on the day and is still down by 2.85 percent on its weekly chart. Yesterday, the Chicago Board Options Exchange’s (CBOE) re-submitted its application with the United States Securities and Exchange Commission (SEC) to list a Bitcoin exchange-traded fund (ETF). CBOE had initially withdrawn its request, as the U.S. government shut down made it unlikely that the SEC would be able to review the request by the impending deadline of Feb. 27. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) is down 1.18 percent on the day, following large gains made on Jan. 30. Currently XRP is trading at $0.308 at ..
Most of the top 20 cryptocurrencies are trading sideways, with slight gains over the 24-hour period. Thursday, Jan. 24 — the top 20 cryptocurrencies are mostly trading sideways with slight losses and gains across the board. Bitcoin (BTC) is currently creeping above $3,600 according to data from CoinMarketCap. Market visualization from Coin360 At press time, Bitcoin is continuing to trade around the $3,600 threshold as it did yesterday. The current price is $3,610, up 0.65 percent on the day. On its weekly chart, Bitcoin is down 1.4 percent from $3,670 on Jan. 17. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) is seeing minor gains on the day, up nearly half a percent at press time and trading around $0.317. On its weekly chart, the second largest cryptocurrency by market capitalization is down over 3 percent from $0.328 on Jan. 17. Ripple 7-day price chart. Source: CoinMarketCap The third largest cryptocurrency Ethereum (ETH) has been trading in the $115-$120 range o..
Cryptocurrencies are seeing price weakness across the board, with the top ten coins losing between 3 and 6 percent on the day, and Bitcoin down to around $3,570. Monday, Jan. 21: cryptocurrencies are seeing price weakness across the board, with virtually all of the top 100 coins by market cap tipping into the red.Top ten coins have lost between 3 and 7 percent on the day, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is down about 4 percent on the day to press time, slipping from a 24-hour high of ~$3,755 to its current price point around $3,570. Despite a jagged week of fleeting gains, the top coin has now come virtually full circle on its 7-day chart, and is trading just 0.5 percent down on the week. Monthly losses are nonetheless at a heftier 11 percent, according to CoinMarketCap. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP), currently the largest altcoin by market cap, is down fractionally less, shedding 3.4 percent on the day to tra..
A brief period of lower volatility appears to have set in across major cryptocurrency assets. Dec. 27: Bitcoin (BTC) is staying stable while major altcoin markets are showing signs of a fresh downward trend, led by Bitcoin Cash (BCH). Market visualization from Coin360 Data from Cointelegraph’s price tracker and Coin360 showed a mixed but broadly calmer top twenty assets by market cap, compared to last week’s volatile activity. BTC/USD, which had gained over $1,000 to hit intra-week highs around $4,230 Dec. 23, has since begun a U-turn, hovering around $3,800 since Christmas Eve while trading in a narrow corridor. At press time, the pair traded around $3,806 and down just a fraction of a percent, having remained unfazed by separate volatility in traditional stock markets. Bitcoin 7-day price chart. Source: Cointelegraph’s Bitcoin Price Index Cryptocurrency commentators have sought to debunk the myth that Bitcoin is a correlated asset as stocks posted their worst Christmas Eve on reco..
The Bitcoin Private team has officially confirmed that findings regarding the secret premining of an additional 2 million coins are mathematically correct. The development team behind altcoin Bitcoin Private (BTCP) has confirmed the creation of 2.04 million units of BTCP “that were never intended to exist on the blockchain,” according to an official statement published Dec. 24. On Dec. 23, digital assets analytics website Coin Metrics published a report revealing that during the import of Bitcoin (BTC) chain data, an additional 2.04 million units of altcoin BTCP — about $3.9 million at press time — were secretly minted. Per the project’s white paper, the total supply of BTCP is equal to around 20.4 million coins, while the secretly premined BTCP brought “the initial supply to 22.6 million.” The BTCP core team says in today’s statement that upon receiving the reports, they “immediately launched an investigation to ascertain whether or not the alleged findings of an additional amount of..
Crypto markets have broken their five-day streak of green, with many of the major crypto assets seeing mild corrections at press time. Friday, Dec. 21 — crypto markets have broken their five-day streak of green, with many of the major crypto assets seeing mild corrections at press time, as data from Coin360 shows. Market visualization by Coin360 Largest cryptocurrency Bitcoin (BTC) is only just below the $4,000 mark, which it reclaimed yesterday, Dec. 20, capping a five-day streak of solid growth. At $3,971 at press time, and down around 2 percent on the day, the coin is trading around $800 higher than its intraweek low at $3,185 on Dec. 14. Bitcoin’s recent uptick has sealed an almost 16 percent gain on the asset’s weekly chart; on the month, the coin is down by 16 percent. Bitcoin 7-day price chart. Source: Cointelegraph’s Bitcoin Price Index Second-largest crypto by market cap Ripple (XRP) is down just over 3 percent on the day, trading at $0.36 as of press time, according to Coi..