Weekly news digest from 22 February to 28 February 2021. 🔸 The leading Ethereum mining pool F2Pool supported the proposal to update the EIP-1559 network, the activation of which will lead to a decrease in the volatility of gas prices and oblige them to burn part of the commission. The rest of the ETH miners …
The past two days showed a 15% dip to the cryptocurrency king, Bitcoin. This dip has brought about panic as investors fear that further downward trend of the cryptocurrency could lead to more investors liquidating. Bybt reports via their twitter account that there’s been a total of $4.4 billion liquidated in the past 24hours. By …
Bitcoin increased about 28% in the last 7 days reaching an all time high of $58,335 in Sunday trade. Some reasons for this spike can be attributed to billionaire Elon Musk after his portfolio company Tesla invested about 1.5 billion USD and also stated that they would accept BTC as a form of payments for …
Below are highlights of some recent adoptions by big financial institutions: 1. National central bank plans to license exchange offices to sell cryptocurrencies in Kyrgyzstan. Source: Akipress 2. ECB’s Largede says central banks holding BTC is “out of the question” The European central bank (ECB) believes that no global central bank will be holding Bitcoin …
Read moreBig Financial Institutions Are Quickly Adopting Cryptocurrency
Bitcoin is up 5% in the last 24 hours and up 15% in the last 72 hours reaching a record high of 15,9K USD – a price last seen during the bull run of 2017. A possible explanation for the recent price surge could be the increasing odds of a Democratic US president. Recent election …
Read moreBitcoin sets new record highs. Will the bull run continue?
Major cryptocurrencies such as Bitcoin, Ethereum, and Bitcoin Cash have observed an uptrend since the losses driven by the Corona pandemic in March 2020. Since April, Bitcoin price moves exceed the Exponential Moving Average (displayed as red line in the chart below). Now, will Bitcoin extend its uptrend? Is bitcoin up to a bull run …
Read moreWill Bitcoin continue its uptrend? Bullishness is on par with 2019’s start of bull market
Investors should be cautious during Bitcoin’s recovery. Here’s why. We analyze the crypto market’s recent recovery from a technical view, a sentiment view, and from the news situation. We focus on the big picture and address long-term investors.
In March 2020 the Corona Crisis pushed to the forefront of public attention in Europe, the US, and the rest of the world. Spurred by worries of an economic breakdown, international stock markets saw a drastic crash of about -40% so far. Usually, the correlation between the stock market and the crypto market is very …
Read moreBitcoin in the Corona Crisis: Why investors should stay on the sidelines.