Tag: price watch

Oct 23 2020

Synthetix founder calls Bitcoin’s weekly chart the “most bullish thing” he has seen

Oct 23 2020 Published at CryptoSlate under tags  analysis btcusd price watch snxusd

Bitcoin's price action over recent weeks and months has undoubtedly been bullish. In the face of macroeconomic turmoil and the worst pandemic in a century, the leading cryptocurrency has shot higher. In the past week alone, the price of one BTC has gained just under $2,000. The cryptocurrency is expected to move even higher in the weeks ahead as the fundamentals and technicals...

5 on-chain trends show Bitcoin fundamentals are “incredibly good”

Oct 23 2020 Published at CryptoSlate under tags  analysis btcusd price watch

Bitcoin is roaring higher after weeks of consolidation in a $1,000 range between $10,000 and $11,000. The leading cryptocurrency currently trades for $13,000, its highest price year-to-date, save for a quick blip above $13,200 on Wednesday. Underpinning this surge higher is a set of on-chain fundamentals and narrative fundamentals that are set to drive the price of the coin even higher in the...

Oct 21 2020

PayPal to enable users to buy crypto assets, fueling strong Bitcoin momentum

Oct 21 2020 Published at CryptoSlate under tags  adoption bitcoin btcusd paypal price watch

PayPal, the $236 billion digital payments giant, will allow users to buy and sell crypto assets. The news adds to the strong momentum of Bitcoin (BTC), which has rallied 10% in the last five days....

Financial analyst expects “fireworks” for Bitcoin in 2021 as macro trends align

Oct 21 2020 Published at CryptoSlate under tags  analysis btcusd price watch

Bitcoin has undergone a strong rally over the past few days as buyers have returned to this market. CryptoSlate market data indicates that Bitcoin is currently trading for $12,250, a price just shy of 10 percent higher than it was just a week ago....

Uniswap network fees remain “attractive” despite plunging UNI price

Oct 21 2020 Published at CryptoSlate under tags  defi price watch unibtc uniusd uniusdt

The Uniswap governance token has been seeing some immense turbulence in the time following the launch that took place just a few weeks ago. Upon listing on Uniswap, the token’s price plunged to lows of $1.00 as a flurry of 400 UNI airdrop recipients cashed out their tokens. Shortly thereafter, large buyers stepped in and propelled its price up to highs of $8.50....

Oct 20 2020

Bitcoin ETP volumes grew in October amidst institutional demand

Oct 20 2020 Published at CryptoSlate under tags  adoption investments price watch

Crypto exchange-traded products (ETP), institutional offerings that track the price of crypto assets like Bitcoin and Ethereum, saw their volumes increase by over 2.2% this month, as per a report by CryptoCompare. The data comes as institutional Bitcoin adoption was bolstered...

Bitcoin’s ETF chances are improving as global crypto regulation increases

Oct 20 2020 Published at CryptoSlate under tags  adoption altcoins btcusd price watch

Much crypto investor focus has been placed on decentralized finance over recent months. But an underlying narrative remains the potential for a U.S.-regulated Bitcoin exchange-traded fund, which should theoretically allow any investor to easily and securely build a bet on digital assets. Firms such as Gemini and VanEck have...

Oct 18 2020

Why Filecoin’s hyped token launch was a multimillion “failure”

Oct 18 2020 Published at CryptoSlate under tags  analysis price watch technology

Decentralized file-sharing project Filecoin launched last week after years of development and a jawdropping $200 million ICO. But critics and miners are calling it a failed launch. Its fees are turning out a pain point—data shows miner prices to use Filecoin network cost over $40,000 (with hosting and maintenance), in contrast to...

Oct 11 2020

If all U.S. companies followed Square, $250 billion would enter Bitcoin

Oct 11 2020 Published at CryptoSlate under tags  adoption btcusd price watch

This past week, U.S. fintech giant Square made mainstream media headlines when it deployed $50 million worth of its cash to purchase Bitcoin. This represented approximately one percent of the $90 billion company's total assets, reported sites like Bloomberg. While a big move, there were some Bitcoin maximalists that criticized the one percent figure,...

Oct 10 2020

The backdrop for institutions to adopt Bitcoin has never been better

Oct 10 2020 Published at CryptoSlate under tags  adoption analysis btcusd price watch

Bitcoin has long been a niche asset only adopted by those on the fringes of society. But this is rapidly changing as institutions have started to enter the cryptocurrency space as they see that there is value in owning BTC and other digital assets. Andrew Kang, the founder of DeFi-focused crypto fund Mechanism Capital, recently broke down why the "backdrop for institutional adoption...

“Don’t vacation yet”: Stablecoin supply suggests Bitcoin and altcoins could rally further

Oct 10 2020 Published at CryptoSlate under tags  altcoins btcusd price watch

It's clear that the bull trend that transpired in the summer is over: Bitcoin, Ethereum, and other top coins have entered a strong consolidation pattern over recent weeks. BTC, for instance, has traded in a $1,000 range for the past six weeks. But investors don't think now is the time to relax: a fund manager in the space, Andrew...

Oct 08 2020

Square allocates one percent of it’s total assets to Bitcoin

Oct 08 2020 Published at CryptoSlate under tags  investments price watch trading

Square Inc. has announced today that it has purchased 4,709 BTC for approximately $50 million, allocating around 1 percent of its total assets as of Q2 2020 to Bitcoin. The payments company, founded by Twitter’s CEO Jack Dorsey, said that it intends to participate in growing Bitcoin’s adoption. CashApp’s parent company Square invests $50 million in Bitcoin Square, a payments company founded...

Oct 07 2020

New Bitcoin addresses shoot “off the charts” despite price drop

Oct 07 2020 Published at CryptoSlate under tags  analysis btcusd price watch

Bitcoin's price action has been tepid at best over the past few weeks due to a confluence of fundamental trends. These include but are not limited to, BitMEX getting charged by the U.S. CFTC, KuCoin getting...

Oct 06 2020

Cardano update: IOHK fired up for DeFi, mobile clients for Daedalus, and CBDCs

Oct 06 2020 Published at CryptoSlate under tags  adoption defi price watch technology

With multiple teams both inside and outside of IOHK currently working on Daedalus and Goguen, the first week of October has been largely uneventful for Cardano. Charles Hoskinson, the CEO of IOHK, grabbed the opportunity to discuss what lies ahead for Cardano in the next few years, revealing that mobile clients for the...

Oct 05 2020

Yearn.finance faces capitulatory decline as investors remove the “Cronje premium”

Oct 05 2020 Published at CryptoSlate under tags  analysis defi price watch yfibtc yfiusd

The price of Yearn.finance’s governance token – YFI – has been plummeting as of late, with the sell-side pressure overwhelming the cryptocurrency’s bulls as it shatters multiple key support levels that were previously boosting its outlook. This has struck a blow to the community sentiment that has been so pivotal for incubating its growth, which has been compounded by the exit of prominent...

Oct 01 2020

Bitcoin plunges below $10,500 as U.S. government peruses BitMEX owners

Oct 01 2020 Published at CryptoSlate under tags  analysis btcusd btcusdt price watch xbtusd

Bitcoin’s price has been rocked by news of the Commodities and Futures Trading Commission bringing charges against popular margin trading platform BitMEX. One of the platform’s co-founders, Samuel Reed, was arrested at his home in Massachusetts earlier today, potentially facing a maximum prison sentence of five years for violating the Bank...

YFI, Aave, Maker surge up to 30% overnight, what’s fueling the DeFi recovery?

Oct 01 2020 Published at CryptoSlate under tags  aave analysis defi ethereum maker

Yearn.finance (YFI), Aave (LEND), and Maker have surged 12% to 30% overnight. The decentralized finance (DeFi) market strongly rebounded in a short period, lifting the overall market sentiment. Two factors primarily triggered the resurgence of DeFi in the last 24 hours. First, Bitcoin and Ethereum...

Why Chainlink was a “top choice” in new Blockstack integration

Oct 01 2020 Published at CryptoSlate under tags  adoption price watch

Blockstack and Chainlink are joining forces to integrate the Blockstack and Algorand-supported Clarity smart contract language with the latter's industry- leading oracle technology, according to a release shared with CryptoSlate....

Sep 30 2020

Why analysts are concerned with Yearn.finance (YFI) following EMN debacle

Sep 30 2020 Published at CryptoSlate under tags  analysis defi price watch yfibtc yfiusd

YFI – the governance token of the Yearn.finance ecosystem – has been plunging lower throughout the past 24 hours, with it reverting nearly all of its recent gains as buying pressure begins evaporating. Yesterday, the drama surrounding one of the external projects being developed by Yearn.finance founder Andre Cronje helped fuel the token’s ongoing downtrend. This external project was a card game...

Ethereum was $11 during the last Presidential election—now it’s $355

Sep 30 2020 Published at CryptoSlate under tags  adoption ethusd price watch

Four years ago, during the last presidential election, the price of Ethereum was hovering at $11. Today, fast forward four years, ETH is valued at $355. Within four years, ETH recorded a 3127% increase against the U.S. dollar. Evan Van Ness, an Ethereum researcher, said: “Four years ago during the...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: