Tag: price watch

Jan 19 2021

Bullish? Grayscale bought $500 million worth of Bitcoin in a single day

Jan 19 2021 Published at CryptoSlate under tags  analysis btcusd price watch

Grayscale purchased half a billion dollars worth of Bitcoin in the last 24 hours, according to Qiao Wang, an investor at DeFi Alliance. The massive increase in Bitcoin inflows into Grayscale merely a week after they reopened their products to new investors is indicative of high institutional demand for BTC....

Ethereum daily transaction volume going “parabolic,” ETH price breaks $1400

Jan 19 2021 Published at CryptoSlate under tags  analysis ethusd price watch

The daily transaction volume of Ethereum is going "parabolic," according to researchers. This trend buoys the short to medium-term bull case of ETH, which has been outpacing Bitcoin in the past few days. Ryan Watkins, a researcher at Messari, said: "Ethereum's daily transaction volume is going parabolic. It now settles $12 billion...

Jan 18 2021

Analysts explain why Bitcoin is primed for a rally back to $40k and higher

Jan 18 2021 Published at CryptoSlate under tags  analysis bitcoin btcusd price watch

The price of Bitcoin is hovering under $37,000 after the correction from $40,000 in the past 72 hours. Trader Peter Brandt believes BTC would either face a "complicated" correction or see a broader rally. Brandt, a long-time trader, pinpointed the daily price chart of Bitcoin to explain that the range is tightening. When the...

Yearn.finance (YFI) surges 10% on v2 vault teaser

Jan 18 2021 Published at CryptoSlate under tags  defi price watch yfiusd

YFI soared 10% within an hour after a V2 vaults teaser was uploaded by the Yearn.finance Twitter handle. pic.twitter.com/2bcO70Ps6h -- yearn.finance (@iearnfinance) January 18, 2021...

Jan 17 2021

Curve (CRV) erupts 50% higher in a day amid renewed DeFi interest

Jan 17 2021 Published at CryptoSlate under tags  altcoins analysis crvusd defi ethusd

The majority of decentralized finance (DeFi) coins have seen extremely strong rallies since the start of 2021. Analysis by crypto-asset analyst Ceteris Paribus found that since the start of the year, like literally two weeks ago, the average DeFi large-cap has seen 75 percent gains. This includes coins such as...

Jan 15 2021

Alpha Alarm: The Bitcoin outlook

Jan 15 2021 Published at CryptoSlate under tags  alpha alarm analysis btcusd price watch

This analysis was brought to you by Alpha Alarm, a Substack newsletter featuring daily crypto analysis. You can subscribe here. The market sentiment around Bitcoin is improving once again. Bitcoin strongly recovered from $30,500, solidifying it as a major support area. Oaktree's Howard Marks, who was a...

Jan 14 2021

Polkadot launches first parachain as DOT price surpasses $12

Jan 14 2021 Published at CryptoSlate under tags  defi dotusd price watch technology

The high-speed blockchain has garnered quite the fan following in the past year. Parachains on Polkadot Blockchain ecosystem and crypto protocol Polkadot saw the launch of its first-ever parachain yesterday, a move that pushed the prices of its DOT token to...

Bitcoin surges a day after Grayscale reopens deposits, and it’s not a coincidence

Jan 14 2021 Published at CryptoSlate under tags  analysis btcusd price watch

The price of Bitcoin has recovered strongly overnight, rising from around $34,000 to $38,500. The 10% rally coincides with Grayscale reopening its products. Last month, Grayscale closed its products for new investors. Since Christmas, the Grayscale Bitcoin Trust did not report any additional inflow as a result. The Grayscale Bitcoin Trust is the go-to investment vehicle for institutions in the U.S. to gain...

Jan 13 2021

DeFi coin THORChain (RUNE) surges 30% following SushiSwap listing

Jan 13 2021 Published at CryptoSlate under tags  altcoins defi price watch thorusd

THORChain (RUNE) is surging higher today after the cryptocurrency joined hands with SushiSwap. THORChain is a cross-chain liquidity protocol that allows investors to trade cryptocurrencies across chains. RUNE is the protocol's native token. RUNE surges after SushiSwap listing RUNE has surged 35 percent in the past 24 hours in spite of the fact that Bitcoin and Ethereum remain in consolidation. The cryptocurrency currently...

Why this trader thinks the Bitcoin bottom is in based on volume trends

Jan 13 2021 Published at CryptoSlate under tags  analysis btcusd derivatives price watch

On January 12, the day the price of Bitcoin dropped from $41,000 to $30,500, over $2.5 billion worth of futures contracts were liquidated. The derivatives market, which was extremely overleveraged and overcrowded, saw a massive reset. Following the shakeout, a pseudonymous trader known as...

What is Avalanche (AVAX) and why is it up 125% this past week?

Jan 13 2021 Published at CryptoSlate under tags  altcoins avaxusd defi price watch

Both Bitcoin and Ethereum have seen large retracements since their recent highs of $42,000 and $1,350, respectively. BTC currently trades for $35,000 while ETH has settled in the $1,075 range. Some cryptocurrencies have been largely unfazed by this drop, though. One such coin is Avalanche...

Jan 12 2021

Bitcoin frenzy? Coinbase surpassing $9 billion in daily volume shows big demand

Jan 12 2021 Published at CryptoSlate under tags  analysis btcusd price watch

The demand for Bitcoin is increasing as the rising volatility shows. Coinbase, the largest cryptocurrency exchange in the U.S., recorded $9 billion in daily volume on Jan. 11. Yesterday, Coinbase, Kraken, and several other exchanges and data providers saw technical difficulties amid record-high trading volume. The explosive increase in the trading...

Jan 11 2021

Data shows Bitcoin sells are being scooped up by BTC whales

Jan 11 2021 Published at CryptoSlate under tags  analysis btcusd price watch

Bitcoin jubilation turns to panic as the market downturn takes hold. The last 24-hours have seen $260 billion wiped from the crypto market cap in what can only be described as a blood bath. Indications of a dip began to show over the weekend when Bitcoin failed to hold the crucial $38.8k level. Since then, a continuation of the downtrend today...

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

Jan 11 2021 Published at CryptoSlate under tags  analysis btcusd ethusd price watch

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...

Jan 10 2021

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

Jan 10 2021 Published at CryptoSlate under tags  analysis btcusd price watch

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 in recent days. Bitcoin has been consolidating between...

Jan 08 2021

Brad Garlinghouse answers tough questions on Ripple (XRP) lawsuit

Jan 08 2021 Published at CryptoSlate under tags  legal price watch xrpusd

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...

Jan 07 2021

Why Allianz chief economist says Bitcoin surging will fuel an “interesting conversation”

Jan 07 2021 Published at CryptoSlate under tags  adoption analysis btcusd price watch

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....

Big gains for Stellar (XLM) as multiple banking settlement rumors proliferate

Jan 07 2021 Published at CryptoSlate under tags  adoption analysis price watch rumors xlmusd

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 bank announced it had chosen the Stellar network...

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

Jan 07 2021 Published at CryptoSlate under tags  analysis btcusd price watch

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 from gold and other asset classes into...

Jan 06 2021

Here’s why the Bitcoin price suddenly rose above $35k overnight

Jan 06 2021 Published at CryptoSlate under tags  analysis btcusd price watch

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....

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