Tag: cryptonews

Crypto Market Signals Go Bearish But Long-Term Investors Still Accumulate

Many of the key crypto market indicators have turned bearish during the past few weeks, with the last month bringing historically large declines by most on-chain activity metrics, according to on-chain activity and digital asset flow data. That said, it’s still the new entrants who are selling, while the hodlers continue accumulating. James Butterfill, Investment…
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Ether, on Winning Streak, Surges to Record Over $3.2K, Tops Bank of America on Market Cap

Ether’s milestone comes with surging trader interest in the leading smart-contracts blockchain. Ether (ETH), the native cryptocurrency of the Ethereum blockchain, surged Monday to a new record price of over $3,200 amid fresh speculation the network’s value might soar as more traders warm to the potential of decentralized finance, known as DeFi, and other uses…
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Bitcoin’s Drop on Biden’s Proposed Tax Hike Just Temporary, BCB CEO Says

“While the shock may be sustained in stock markets, the nature of cryptocurrency will see straight through this dip,” Landsberg-Sadie told CoinDesk. Bitcoin (BTC) has slumped more than 8%, over a 24-hour period, a drop attributed to U.S. President Joe Biden’s proposed tax increase on capital gains on those earning above $1 million. But the…
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Crypto Weekly Summary April 11-18

Bitcoin $ 8000 drop The fall of other digital currencies AgeUSD will be Cardano’s first StableQueen AgeUSD is a type of Stablecoin algorithm that will soon be introduced in the Cardano blockchain. The ADA, the Cardano Foundation’s native token, is currently the seventh most valuable currency in terms of market value. AgeUSD is the first…
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Bitcoin Price Drops as Turkey Bans Crypto Payments Amid Currency Crisis

Turkey’s crypto ban sets a bad precedent for other countries mulling similar moves. Billionaire investor Ray Dalio’s fear of governments outlawing bitcoin (BTC, -1.59%) to preserve their monopoly over currencies has come partly true in Turkey.   The currency crisis-riddled country announced a ban on cryptocurrencies as a means of payment early Friday, souring the…
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Ether Options Market Sees Record Open Interest of $3B

Market activity is surging as the Ethereum blockchain’s native cryptocurrency rises to fresh all-time high prices. Ether‘s options market is witnessing an explosive growth as the second-biggest cryptocurrency rallies to fresh all-time highs above $2,400. Open interest, or the total number of open long and short positions in call and put options, rose to a…
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