Outspoken Bitcoin bull and founder of the cryptocurrency-focused Galaxy Digital, Mike Novogratz, believes that investor interest in cryptocurrencies like Bitcoin and Ethereum have left the market for macro trading. Despite this, Novogratz still expects Bitcoin to emerge as a digital store of value in the end. Novogratz: Investors and Traders Ditch Crypto for Macro Trading…
Following yesterday’s rally that allowed the cryptocurrency markets to regain much of last week’s losses, Bitcoin has been able to sustain above $3,500 and most altcoins have continued to rise. The market’s recent move appears to have validated the recent lows as a strong level of support. At the time of writing, Bitcoin is trading up…
Although many are enamored with bashing the colloquial term “BUIDL,” for many Bitcoin diehards, 2018’s crypto market lull has been a time to unironically bolster this industry’s underlying infrastructure. This isn’t just hearsay, as 2018 has arguably been crypto’s strongest year yet, in terms of promising products, platforms, and startups, rather than day-to-day price action. Some…
The cryptocurrency tide is turning. On Monday, one year since Bitcoin (BTC) breached $20,000 in a jaw-dropping turn of events, the crypto market at large had its first double-digit rally in weeks. Within a few hours’ time, BTC found itself up by 9%, with altcoins outperforming the flagship cryptocurrency. And with this uptick alone, which…
It’s no secret that 2018 has been a tough year for the crypto markets, with Bitcoin dropping from highs of nearly $20,000 in late-2017 to recently established lows of $3,200. The market’s poor performance has led investors, analysts, and traders alike to ponder what impetus will be able to drive the markets back to their…
After a weekend of sideways trading, the cryptocurrency markets have jumped on Monday, with Bitcoin rising more than 5% and the overall crypto market capitalization rising to over $110 billion. Today’s price rise has led the markets to regain much of their losses that were incurred last Friday. Bitcoin Trades Up 5% At the time…
Last year on this day, Bitcoin reached its all-time high price of $20,000 – before its parabolic advance was broken, sending the original cryptocurrency into a bear market. As Bitcoin reaches new one-year lows, the first ever cryptocurrency’s previous all-time high is starting to feel like a distant memory. December 17, 2017: Bitcoin Reaches All-Time…
As 2018 comes to close, a number of analysts expected a “Santa Claus” rally, whereas the crypto market would undergo a positive reversal in the holiday season. Yet, the value of Bitcoin, along with the altcoins it reigns over, has continued to suffer. Amid this market turmoil, this industry’s news cycle has also faltered, with…
Latest data indicates that Ethereum has reached a milestone in terms of unique addresses surpassing 50 million. While this news is a good sign for growth the actual number of active addresses has declined quite substantially. 50 Million Ethereum Addresses Metrics from etherscan indicates that Ethereum crossed 50 million addresses over the weekend. During its…
Crypto markets lick wounds from fresh lows; Stellar dropping back, Maker making moves. Crypto markets have made a very slight recovery from their fresh lows over the weekend but they are still on the floor. Total market capitalization is still very low but has yet to drop below $100 billion, it seems to be only…