Regardless of the growing economic sanctions against Russia, the volume of cryptocurrencies bought using Rubles across several major cryptocurrency exchanges plummets drastically. According to data from blockchain-data aggregators display, Russian collateralizing crypto trading across significant crypto exchanges is dropping badly. This debunks the idea that Russia will leverage crypto assets in maneuvering sanctions. Last week,…
The best cryptocurrencies to invest in are aplenty and they are a wise hedge against unexpected swings in the financial market these days. Cryptos, like cash, can be used to buy anything, but it also has the benefit of being a high-yielding investment. However, because of the volatility of cryptocurrencies, it’s vital to understand what…
Crypto market sentiment has taken a dramatic turn in light of events taking place in the space. The Fear & Greed Index which tracks sentiment across a number of metrics and puts the data into four categories has shown that investor sentiment has taken another nosedive. This time, plunging the market back into the extreme…
The crypto market has been on a recovery trend lately. Even with the market crash, it had already marked a year of massive returns for investors in the space. As is expected with a space with high volatility, crypto assets had begun to crumble in value. But despite the profitable year for cryptocurrencies, a subset…
Cryptocurrencies all across the market have been suffering major downside since the crash. The crypto market saw a couple of hundred billions shaved off its market cap following this. Bitcoin, Ethereum, and others have all seen their value decline significantly in the space of a week. However, in all of this, some digital assets have…
Famed finance author Ric Edelman has said that crypto is still in the very early stages, comparing it to the internet right before the big boom. The crypto market which is a little over a decade old has grown exponentially in its short time in existence. At its highest, the market grew to $3 trillion…
Crypto leverage has been high across some particular digital assets in the space. Global open Interest in the space still sits at a reasonable point currently, but some assets boast significantly higher open interest to market cap ratios than others. Thus, this report will be examining the leverage for these assets to see which ones…
Cryptocurrency and Bitcoin investors spread to almost every sector and among different personalities. With the increase in the adoption of digital assets, most people are joining the investment train to reap enormous potential growth. Celebrities and government officials from both past and present governments globally are not left behind. The former US first lady, Melania…
The argument on who really benefits from bitcoin is a long one in the making. For those who have been invested in the digital asset for a couple of years, they have obviously been making the most profit given the recent rallies in the market. However, there is still a lot of BTC that remains…
Millennial millionaires are the subset of millionaires most bullish on crypto, a new CNBC survey has found. Millennials hold more of their wealth in cryptocurrencies compared to any other millionaire class and have said they plan to add more to their crypto investments next year. This indicates a move from more traditional forms of investments…