Bitcoin’s utility as an inflation hedge has been a big push for the adoption of the cryptocurrency by investors. Ethereum on the other hand is fast-rising to become the preferred crypto for hedging against inflation for investors. The digital asset’s performance over the past couple of years has proven that it is a strong contender…
Bitcoin has been on the rise with the start of the new month. The first week of October brought with it good tidings as top cryptocurrencies in the market had begun to rally for the first time in weeks. Bitcoin hit a new 4-month high on Friday with its break above $56K. Bulls have set…
The crypto market has been subjected to major sell-offs since assets began to crash across the board. September which has been a historically bloody month for the market has stayed true to nature as various cryptocurrencies suffered crashes that dragged the market down. Due to this, over $1 billion longs have been liquidated in the…
Galaxy Digital has announced the launch of passive cryptocurrency indexes with Alerian. These passive crypto indexes are eight in number; they will be weighted equally and re-balanced monthly. Galaxy Digital Holdings has partnered with S-Network Global indexes and Alerian to launch eight blockchain indexes focused on crypto. Galaxy Digital Holdings Ltd is a financial services and…
Bitcoin has undergone a strong surge over the past few weeks, strongly outperforming gold. The price of the leading precious metal has actually dropped strongly over the past few weeks, underperforming the stock market and BTC massively. Many think that it is Bitcoin that may be sucking the wind out of the sails of gold.…
Bitcoin is surging higher after consolidating under $10,000 for a number of weeks and months. As of this article’s writing, the leading cryptocurrency is trading at $11,000 — a price nearly 20% higher than it was seven days ago. The asset is on track to hit $20,000 by year-end, according to a prominent cryptocurrency investor…
Bitcoin hasn’t done too well over the past few days.Despite the fact that the block reward halving came to pass just hours ago, the cryptocurrency is actually down since last week’s highs of $10,100, now trading at $8,500. This drop hasn’t stopped optimistic investors from expecting more upside though, with one analyst noting that Bitcoin…
Since the middle of December, Bitcoin has been on an absolute tear higher, rallying from $6,400 to $10,550 earlier this week, per data from TradingView. This marks a surge of over 60%, meaning that the cryptocurrency outpaced a majority of other multi-billion-dollar assets save for Ethereum, XRP, and Tesla.This strong surge comes shortly after cryptocurrency…
In 2017, altcoins, crypto assets that aren’t Bitcoin, suddenly saw an influx of interest from the world’s investors. Bitcoin dominance — the percentage of the crypto market that is made up of BTC — fell from over 80% to 33% by early-2018, tumbling as a large amount of capital was siphoned into altcoins that purported…
Bitcoin has undoubtedly been on a tear over the past 45 or so days. Since hitting $6,400 in December, BTC has surged by almost 50%, hitting a local high of $9,550 on Thursday.According to Mike Novogratz — a Wall Street name who used to be a partner at Goldman Sachs and now heads crypto fund…