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Bitcoin (BTC) may have tapped $37,000 for the first time in 18 months, but traders are getting suspicious of BTC price action.BTC/USD 1-hour chart. Source: TradingViewBTC price move "doesn't feel right"After snap overnight gains, Bitcoin is attempting to crush resistance on the way toward the $40,000 mark.Data from Cointelegraph Markets
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Coinbase, a cryptocurrency exchange, reported a net loss of $2 million in Q3 2023 despite rising revenue and a drop in trading volume, according to details of the recent shareholders letter circulated on Nov. 2. However, the exchange reduced its net loss compared to the same period last year, which was $545 million. The
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The Litecoin Network shared news it had just processed its 180 millionth transaction. In contrast only 39 million transactions were recorded last year. Mixed signals Litecoin, one of the first altcoins, created to help complete cryptocurrency transactions quicker and at a cheaper rate, shared an update that so far in 2023, the network has processed
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Binance Coin (BNB) finds itself in a precarious position, with its price rebound heavily contingent on a resurgence in network activity for
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Investors looking for alternatives to Binance Coin (BNB) and XRP may explore Tradecurve’s TCRV and its exchange. The platform has innovative features that could interest investors. Let’s explore these projects further. >>Register for the Tradecurve presale<< Ripple argued differently
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The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, approximately 2.46% of the total supply. The amount of ETH staked in May does not include withdrawals and is more than twice as big as the second-highest amount registered in February 2022.Monthly amount
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A portfolio with 3% weight in BTC, 58.5% in stocks and 38.5% in bonds has outperformed the classic 60% equities, 40% bonds investment over the years. Even when it’s measured from January 2018, near when cryptocurrency prices entered a two-year bear market, the portfolio that included BTC would have outperformed
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A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international transactions and as reserve currencies,” he stressed. Economist Highlights Rising De-Dollarization Trend Canadian economist
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Circle CEO Jeremy Allaire says that a cryptocurrency crackdown by the United States regulators has been a major factor behind the declining market capitalization of its stablecoin, USD Coin (USDC).Circle chief’s comments on the U.S. crackdown come amid heavy regulatory scrutiny following the collapse of the FTX exchange, a banking
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From a fundamental perspective the weaker correlation supports diversification arguments in favor of holding both BTC and ETH, the report said. Source
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