Category: Markets and Prices
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Study Finds “No Evidence” of USDT Price Manipulation
A study examining the widely suspected correlation between Tether issuance and BTC price movement, undertaken by Wang Chun Wei and published by the University of Queensland, has found that USDT grants do not have a “statistically significant” effect on price fluctuations. Despite refuting the correlation between price fluctuations and Tether grants, the study notes a…
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Six New and Improved Cryptocurrency Analysis Tools
Blockchain explorers and cryptocurrency analysis sites just keep getting better. While Coinmarketcap (CMC) still dominates, these days it’s got stiff competition to contend with. Moreover, many of these platforms aren’t simply aspiring to be CMC knock-offs: they’re providing fresh tools for grasping the complexities of the ever-evolving cryptoconomy. Also read: 8 Alternatives to Coinmarketcap Cryptocurrency Tracker…
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Markets Update: XRP Briefly Dethrones ETH as Second Largest Crypto
The cryptocurrency markets have produced a significant rally today – with just three of the top fifty crypto markets by capitalization posting losses for the last 24 hours of trade action as of this writing. The most notable gainer has been XRP – gaining over 50% in the last day to overtake ETH as the…
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P2P Markets Report: Record Volume in Peru, Argentina, Philippines
According to Coindance, peer-to-peer (P2P) trading activity has significantly rebounded during recent weeks, following the record low in volume posted for the week of the 1st of September. The increased trading activity appears to have mostly occurred in the Latin American and emerging BTC markets, with record volume posted by the Peruvian, Argentinian, and Philippine Localbitcoins…
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Markets Update: Short Term Recovery – Is a Bullish Reversal in Sight?
Cryptocurrency prices are back on the mend after a great majority of digital assets plunged last week losing 10-20 percent or more in value. Since then, the digital currency economy has regained some strength bouncing back from a low of US$186 billion to $205 billion on Saturday, September 15. Also read: Test Driving the Money Button…
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Markets Update: ETH Hits 14-Month Low Amid Heavy Altcoin Losses
Many altcoins have posted significant losses in recent days, with ETH currently testing price levels not seen in over 12 months after losing 40% in roughly one week. The declining value of altcoins has also driven BTC to continue to establish new highs for market dominance during 2018. Also Read: Chinese Report Finds 9 in 10…
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P2P Markets Report: BTC Posts Record Low for Localbitcoins Trade Volume
According to Coin.dance, the first week of September has comprised the weakest on record for global peer-to-peer (P2P) trade volume on Localbitcoins. The considerable lull in trading activity appears to have pervaded across the vast majority of Localbitcoins markets, with only half a dozen national markets posting volume that is comparable to the trading activity…
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The Altcoin Correction Index Gives an Alternative View of Crypto Assets
Analysts are always seeking new ways to assess cryptocurrencies. Different metrics provide insights that can be used to gauge various trends, such as estimating when a particular asset has bottomed out and is due to rise. The Altcoin Correction Index provides an unvarnished snapshot of this year’s worst performing cryptos. Also read: Blockchain, Reloaded: How the…
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Bitcoin Hits $24,000 In Iran After Government Okays Mining
The world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment – with some speculation – have sent the price of the leading digital currency skywards. How high can it go? Also Read: Iran Officially Recognizes Cryptocurrency Mining Falling Rial, New Policy…
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$800M BTC Wallet Reactivates: Tens of Millions to Exchanges
Speculation has been swirling around a BTC wallet held dormant for over four years that is suddenly showing movement. That it contains something on the order of nearly one billion dollars worth of bitcoin core (BTC) has the ecosystem in both investigative mode and panic, as it could signal a giant dump at the very…