Category: Markets and Prices

  • Only Bitcoin Outpaces G4 Central Bank Balance Sheet Growth

    Only Bitcoin Outpaces G4 Central Bank Balance Sheet Growth

    Investment strategist Raoul Pal says bitcoin is the only asset with a growth rate that outpaced that of G4 central bank balance sheets. Pal says G4 central bank balance sheets have grown much faster than traditional safe-haven assets like gold. A founder and CEO at Global Macro Investor (GMI) Pal made the remarks in a…

  • Bitcoin P2P Trading Soars in India as New Exchange Launches

    Bitcoin P2P Trading Soars in India as New Exchange Launches

    Bitcoin P2P trading volume in India has been growing rapidly, hitting record highs over the past weeks. Meanwhile, a new P2P trading platform has launched in India as the crypto industry awaits the government’s decision on a cryptocurrency law. P2P Trading Volume Soars in India Peer-to-peer (P2P) bitcoin trading in India has been hitting all-time…

  • Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

    Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

    Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000. As data from Usefultulips shows, peer to peer bitcoin trading volumes for the week topped an equivalent…

  • Over 90% of ETH’s Supply Now in Profit

    Over 90% of ETH’s Supply Now in Profit

    More than 90% of ETH’s circulating supply is now in profit. The last time this level was observed was in early 2018 when the price of the cryptocurrency was $925. Research and analytics firm Glassnode reported Monday that the percentage of ETH’s supply in profit has reached a level not seen since early 2018. The…

  • Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode

    Bitcoin Risks Turning Bearish Due to Declining Market Health, Says Glassnode

    Bitcoin (BTC) risks sliding back into bearish territory should onchain activity and overall market health continue to decline, warns analytics firm Glassnode. The latest market update from Glassnode shows that the GNI index, which measures the overall state of the Bitcoin network, dropped 18% or 13 points week-on-week, to a value of 60 points. Simultaneously,…

  • Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears

    Bitcoin Price Touches $10K Amid 2020’s Macroeconomic Storm and Covid-19 Fears

    On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocurrency’s per annum inflation rate will drop from 3.6% to 1.8% on or around May 12, 2020, as…

  • $8.8 Trillion Traded in Cryptocurrency Spot and Futures Markets in Q1: Reports

    $8.8 Trillion Traded in Cryptocurrency Spot and Futures Markets in Q1: Reports

    The combined total trading volume in the cryptocurrency spot and futures markets amounted to approximately $8.8 trillion in the first quarter, according to two new industry reports. The amounts represent a massive 314% quarterly increase for futures trading and 104% for spot trading. Further, the correlation between spot market trading volume and bitcoin’s price in…

  • Cryptocurrency Markets Moved by Regulatory Actions, Federal Reserve Bank Paper Shows

    Cryptocurrency Markets Moved by Regulatory Actions, Federal Reserve Bank Paper Shows

    The Federal Reserve Bank of Dallas has published a paper showing how cryptocurrency markets are affected by crypto regulatory actions. The research also determines whether the authorities have some scope to make cryptocurrency regulation effective. Influencing Cryptocurrency Markets and Prices Last week, the Federal Reserve Bank of Dallas published a working paper entitled “Cryptocurrency Market…

  • Ross Ulbricht’s 9th Price Analysis Predicts Bitcoin Prices Below $3,000

    Ross Ulbricht’s 9th Price Analysis Predicts Bitcoin Prices Below $3,000

    The founder of the Silk Road marketplace, Ross Ulbricht, has published another analysis that attempts to predict the price of bitcoin. Ulbricht started sharing his price examinations last December and he leveraged the patterns of Elliott Wave theory to bolster his forecast. Also read: Bitcoin Revolution: Wanna Earn $1,000 a Day? Government Warns About This…

  • Market Update: Traders ‘Buck the Trend’ Pushing Crypto Market Cap Above $200 Billion

    Digital currency markets have been rising again as the entire market capitalization of all 5,000+ coins has jumped above the $200 billion mark. The increase in crypto trade volume and coin values has followed alongside the recovery traditional equity markets saw on Monday. On Tuesday, most of the digital assets in the top ten are…