Category: Price Watch

Breaking down the 20% Bitcoin market crash: over $2.8 billion liquidated

It’s been a bloody past day for the Bitcoin and broader crypto market. Early this weekend, the cryptocurrency market was gunning for new all-time highs: Ethereum had pushed to $1,350, altcoins were up by double digits, and Bitcoin was holding key supports in the $40,000-41,000 region. Now, Bitcoin trades for $30,600 and Ethereum trades for…

January 11, 2021
Why the Bitcoin price suddenly fell 5% in three hours—and where it goes next

The price of Bitcoin abruptly fell by over 5% in just three hours on January 10. Analysts generally attributed the volatility to an overheated derivatives market and the new upcoming weekly candle. Why some technical analysts expected this move Some traders and technical analysts anticipated Bitcoin to pullback, due to the range it has seen…

January 10, 2021
Brad Garlinghouse answers tough questions on Ripple (XRP) lawsuit

The Ripple co-founder allegedly pocketed hundreds of millions from illegal XRP sales, among other allegations. Garlinghouse speaks up Ripple co-founder Brad Garlinghouse took to Twitter this morning to explain his side of the story amidst the ongoing US SEC lawsuit against the payments processing firm and issuer of XRP tokens. To recap, Ripple was hit…

January 8, 2021
Why Allianz chief economist says Bitcoin surging will fuel an “interesting conversation”

Mohamed A. El-Erian, the chief economist at Allianz, said the Bitcoin price surging to a new all-time high at $38,000 could fuel an “interesting conversation.” El-Erian’s comment comes after the U.S. Capitol in Washington, D.C. was stormed on January 7. 52 people were arrested and multiple fatalities were recorded, according to reports. Following the event,…

January 7, 2021
Big gains for Stellar (XLM) as multiple banking settlement rumors proliferate

The price of Stellar XLM soared to as high as $0.39 on January 6. Having made a 31 month high, Stellar moved keenly back into the top ten, usurping Chainlink to take 9th place via market cap. Throughout this week, there has been no shortage of positive news concerning Stellar. For example, the Ukrainian central…

January 7, 2021
Crypto VC says Bitcoin must consolidate if it is to hit $100,000 in the near future

Bitcoin, Ethereum, and other cryptocurrencies have undergone remarkably strong rallies over recent days and weeks. In the past seven days alone, BTC gained 30 percent against the U.S. dollar while ETH gained 60.6 percent. Bitcoin is expected to continue its ascent as long as the U.S. dollar continues to drop and as institutional capital cycles…

January 7, 2021
Here’s why the Bitcoin price suddenly rose above $35k overnight

The Bitcoin price surged above $35,000 overnight, recording a 10% increase within 12 hours. The major catalyst behind it has likely been the aggressive accumulation of BTC from buyers on Coinbase. Throughout the past week, whenever the Bitcoin price was trading higher on Coinbase, a major rally followed. I mean, why not? 35k wall, pfff.#Bitcoin…

January 5, 2021
Altcoins explode higher: Synthetix, Uniswap, and more rally by over 20%

“Altcoin season” may have begun as coins aside from Bitcoin and Ethereum take center stage, outperforming strongly against BTC and the U.S. dollar. Nearly every cryptocurrency in the top 100 by market capitalization is up in the past 24 hours, save for Tron (TRX), NEXO, stablecoins, and Siacoin (SC). Ethereum has also started to outpace…

January 5, 2021
Twitter CEO Jack Dorsey extends Bitcoin emoji until the year 3000

Jack Dorsey, the CEO of Twitter, officially confirmed on Twitter that the platform has extended the Bitcoin emoji until the year 3000, which is 979 years from now. We have a while https://t.co/SFYVeCDfs7 — jack (@jack) January 4, 2021 Jane Manchun Wong, an analyst, said: “There’s a hashflag for #Bitcoin and #BTC that lasts until…

January 5, 2021
Layer-2 scaling project Loopring (LRC) shoots over 50% higher amid Ethereum network congestion

As the entire crypto market has slingshotted higher over the past day, the Ethereum network has become congested. The average gas fee that users were paying yesterday evening was close to 500 Gwei, meaning that just to send ETH from address to address cost $10. To put 500 Gwei into context, here are a few…

January 4, 2021