Cryptocurrency

Vice-Chairman of Berkshire Hathaway and billionaire investor Charlie Munger remains unimpressed with Bitcoin’s recent rally past $50,000. In a recent interview with the Daily Journal, Munger said he couldn’t decide what was worse – Tesla potentially reaching a $1 trillion fully diluted enterprise…

A survey from digital asset exchange Crypto.com estimated a 15.7% increase in the global crypto population, in January alone. Overall, there are 106 million global crypto users as of January 2021.  According to researcher Kevin Wang, at Crypto.com, strong growth in Bitcoin adoption happened to be…

Cardano, like most alts in the market, depreciated significantly between the 21st and 23rd of February. In fact, ADA dropped by as much as ~30%, with the crypto-asset falling to $0.81 at one point. It should be noted, however, that the crypto-asset managed to consolidate its position above $1 over…

At the time of writing, Bitcoin was trading around the $50,000-level, with the crypto-asset on the road to recovery following the market-wide depreciation on the 23rd of February. Now, the price drop was largely due to miner inflows, stablecoin inflows, and activity on Bitcoin’s network. However,…

The narrative of a bear-led correction is always around, even during the headiest of bull runs. A similar situation is unraveling at the moment, with many still expecting Bitcoin’s performance to take a more calamitous turn. At press time, while Bitcoin had recovered to climb north of $50,000, some…

Bordier & Cie SCmA, a 134-year-old Swiss bank, has decided to enter the crypto market space, which indicates another significant step in Bitcoin’s mainstream adoption. The private bank will incorporate Sygnum’s B2B banking platform to offer Bordier clients the facility to trade Bitcoin.  Other…

Chainlink was projected to rise above its overhead resistance in the short-term, with its indicators flashing green signals. Down the crypto-ladder, bullish momentum for Cosmos and Enjin Coin was projected to fizzle out, with the said altcoins likely to enter a period of consolidation on the charts.…

California-based credit network Trustline plans to release a new stablecoin that will be deployed on the Flare Network and issued on the XRP Ledger. The new crypto-stablecoin called Aurei will be pegged to the U.S Dollar, according to a proposal shared by Trusline. According to the said proposal,…

BitMax.io (BTMX.com), an industry-leading digital asset trading platform built by Wall Street quant trading veterans, has announced the joint primary listing  of the Oxygen token (OXY) with auction facilitation for its platform users. The auction will begin on Bitmax on March 11 at 9:00 a.m. EST and…

Tezos broke above the 0.5 Fibonacci level and targeted the 0.618 and 1-levels on the back of its bullish on-chain metrics. Further down the crypto-ladder, Synthetix positioned itself for additional gains after its price regained the $20-mark. Finally, Verge was projected to move within an ascending…

Popular privacy coin Monero stabilized on the charts and eyed a rise above the $230-level on the back of its bullish indicators, at press time. On the contrary, Augur may require stronger cues from the broader market to break above the $39.2-mark. Finally, gains on Dogecoin’s charts could be…

Bitcoin’s latest price drop was not sudden, especially since the signs were there on the charts. In fact, there were several metrics that hinted at a drop in price after the price crossed $50,000 metrics including on-chain analysis, the fear and greed index, volatility, and network momentum. Miner’s…