[ad_1] Those who plan to short the ongoing bull run must think twice, as per on-chain analyst Kim-Young Ju. The chief executive of CryptoQuant, a data analytics firm, said in a Thursday tweet that traders have no reason to place bets on Bitcoin’s potential fall. He explained that despite the cryptocurrency’s short-term downside correction from […]
[ad_1] Synthetix’s native token SNX emerged victorious on the day its rival decentralized finance tokens turned lower. The SNX-to-dollar exchange rate hit a fresh record high of $8.68 on Wednesday as a flurry of uplifting fundamentals prompted traders to increase their bids on the pair. That included the introduction of a new staking platform. Say […]
[ad_1] It finally happened. After years of uncertainty on the matter, the SEC is taking decisive action against Ripple. The point in question is whether Ripple’s native XRP token is a security or not. Late yesterday, Ripple CEO Brad Garlinghouse said the SEC has made a determination, and they plan to bring action accordingly. Under […]
[ad_1] Ethereum pared a small portion of its recent gains this Monday on profit-taking sentiment. The ETH/USD exchange rate fell by more than 6 percent to $595.22 ahead of the New York opening bell. The pair’s downside move appeared a day after it logged a new year-to-date high of $676.94. While it managed to hold […]
[ad_1] Tesla and SpaceX chief executive Elon Musk just mentioned Bitcoin again in a cheeky tweet published just minutes ago. Referencing comments he made previously about the leading cryptocurrency, Musk quipped “Bitcoin is my safe word.” Bitcoin is my safe word — Elon Musk (@elonmusk) December 20, 2020 In January, the billionaire said that the […]
[ad_1] The Cryptocurrency community is all set to have A Very Crypto.com Christmas The flagship cryptocurrency, Bitcoin is at its all-time high which further reinforces cryptocurrency’s position as a strong investment instrument. While those hodling Bitcoin witness their investment grow in a rapid pace, it is still not too late for newbies to make their […]
[ad_1] Bitcoin hovered between gains and losses as traders waited for further clues from the US Congressional leaders on their next coronavirus aid package. The benchmark cryptocurrency jumped 0.07 percent to $22,843, suggesting it would consolidate sideways after notching another record high on Thursday at $23,6776 (data from Coinbase). Other top alternative cryptocurrencies, including Ethereum […]
[ad_1] Bitcoin’s potential as an emerging safe-haven alternative to gold raised its demand among institutional players in 2020. But a prominent economist is still skeptical about the cryptocurrency’s growth. David Rosenberg, the chief strategist at Toronto-based Rosenberg Research & Associates, said in an interview with Bloomberg that Bitcoin is a “massive bubble.” He criticized the […]
[ad_1] There’s a good reason why people refer to Ethereum as the king of alts. In a literal sense, it is the biggest altcoin by market cap. But there’s something to be said about its accomplishments towards becoming a global settlement layer as well. Certainly, during the five years since it launched, the Ethereum Foundation […]
[ad_1] Bitcoin flipped into positive territory ahead of the New York opening bell, tracking US stock futures’ gains as investors pinned hopes on Washington’s economic relief package. The benchmark cryptocurrency jumped 1.48 percent from its Asian session intraday low of $19,051. Its move uphill took it up to $19,333, raising prospects that it would retest […]