Cryptocurrency Analysis and News Portal
The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement and the ascending channel that was initiated on Nov. 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%.Total crypto market cap in USD, 4-hour. Source: TradingViewBitcoin (BTC)
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Cryptocurrency market capitalization could be ready to break out from the downtrend as price gears up for a short-term recovery creating more
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Bitcoin (BTC) pulled off an impressive double-digit rally this year, but the digital asset has been struggling to break the $45,000 resistance lately. This level does not hold any historical importance because it has been easily breached multiple times. The same can be said for Bitcoin's $850 billion capitalization, which
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Quick take:Willy Woo has forecasted that Bitcoin’s market cap hitting $1 Trillion will result in more capital moving from Gold to BTCHis comments were in response to MicroStrategy raising $400M to buy more BitcoinA $1 Trillion market cap puts Bitcoin at around $54,000More companies are accumulating Bitcoin and will continue
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Last updated:August 28, 2020Quick summary:Tether’s daily trade volume has eclipsed Bitcoin’s.Similarly, Tether’s 7-day average transfer value has flippened BTC’s.USDT’s market cap has now hit $13 Billion hinting that Tether could eventually edge out EthereumThis year, the stablecoin of Tether (USDT) has continually broken records. To begin with, in mid-July, Tether’s
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In summary:Big money in the form of hedge funds, university endowments and pension funds are ready to invest in Bitcoin.However, these institutions have governing charters that prevent them from investing in crypto directly. Investment products pegged to BTC provide an avenue for these institutions to access Bitcoin. Bitcoin need only capture 33%
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