Cryptocurrency Analysis and News Portal
In brief:Bitcoin is more sensitive than gold to inflows of fiatAccording to B0fA, a $93 million injection into Bitcoin would result in a price appreciation of 1%Gold would need $2 Billion to achieve a similar featBitcoin’s price action is yet to be overheated on a fundamental level1% of Stimmy Checks
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Bitcoin’s (BTC) price made another new all-time high above $60,000 during the weekend. However, the same cannot be said for Ether (ETH), and the market in general didn’t show much strength thereafter for continuation. In result, BTC price dropped by 7% over the past 24 hours.During this pullback, ETH also dropped in its
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Edward Fairchild, one of the founders of LA-based cannabis company THC Design, revealed that he "stumbled" into buying an NFT from acclaimed digital artist "Beeple" that has since increased in value by 30,000% since he purchased it in December. Recounting the story in an article published by Business Insider on March 14,
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Bitcoin’s momentum carried through overnight, pushing upward to a new all-time high above $51,000 just a day after passing $50,000 for the first time. “It’s not exactly soaring, as it has with other major technical breakouts, but another 3% gain isn’t to be sniffed at,” Craig Erlam, senior market analyst for
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Miller Value Funds – run by veteran hedge fund manager and bitcoin bull Bill Miller – may invest in the Grayscale Bitcoin Trust through its flagship fund, the Miller Opportunity Trust. “The Fund may seek investment exposure to bitcoin indirectly by investing in the Grayscale Bitcoin Trust, an entity that holds
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XRP rallied hard on Saturday in a move similar to a crowd pump recently observed in out-of-favor stocks such as GameStop. The cryptocurrency jumped 56% to $0.50944 to hit the highest level since Dec. 22, according to CryptoX 20 data. That was the biggest single-day percentage gain since Dec. 21, 2017. The
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Sometimes, “stablecoins” and variants such as “algorithmic stablecoins” function like historical names, as they refer to projects that call themselves stablecoins, such as Basis Cash, Elastic Set Dollar, Frax and their clones.The word "stablecoin" can be used as a logical description for “a cryptocurrency designed to have low price volatility”
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The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high on Jan. 25.At the same time, technical analysis shows that the ETH/BTC pair is breaking out of its multi-year downtrend hitting the highest levels since September 2019, which should be great news
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Over the past three months NEXO token, the native asset of Nexo’s blockchain-based lending platform, has increased by more than 480%. Since Bitcoin (BTC) traded for $10,000, NEXO price has closely tracked BTC but the performance is somewhat lackluster when compared to the 1000% rallies seen from a handful of
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Yearn.finance’s YFI token has seen massive gains from its multi-month lows of $7,500 set just a few weeks
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