The market cap of Tether’s dollar-pegged stablecoin USDT has been steadily increasing this year and could soon reach $10 billion. According to the company’s CTO Paolo Ardoino, Tether has minted $5 billion in the past six months alone. The Market Cap of USDT On Its Way to $10 Billion The third-largest cryptocurrency and the largest…
DetailsBitcoin is maturing as an asset. After years of hope from the crypto community, institutional investors are finally taking notice. Adding credence to this growing trend, CME Bitcoin Futures’ open interest is “fast approaching” that of the long-time crypto industry leader, BitMEX. Black Thursday Selloff Has Left BitMEX For Dead At the start of 2020,…
DetailsBitcoin has been on a wild ride over the past several years, incurring massive volatility and bearing witness to many pivotal events that will help shape its future. Many of these events have had bearish implications for the cryptocurrency, including the launch of CME futures at BTC’s peak in December of 2017, the Bitcoin SV…
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Since the all-time highs that were seen at the start of 2018, the price of Ethereum has collapsed dramatically. From the $1,430 highs, the asset is now down approximately 85%, trading at $240 as of the time of this article’s writing. Despite the utter collapse in the market, the underlying network has seen dramatic growth.…
DetailsBitcoin is trading in a tight range above the $9,640 support against the US Dollar. BTC price is likely to surge higher if it clears the $9,800 and $9,880 range resistance levels. Bitcoin is trading in a positive zone above the $9,640 and $9,600 support levels. The bulls are likely aiming an upside break above…
DetailsBitcoin cash price corrected lower from the $270 resistance zone. BCH seems to be preparing for the next crucial break either above $260 or towards the $230 support. Bitcoin cash price is trading in a range above the $250 support zone against the US Dollar. The price must break the $260 resistance zone to start…
DetailsEthereum is still holding the key $240 support zone against the US Dollar. ETH price is also facing an uphill task near the $248 and $250 resistance levels. Ethereum is consolidating in a range above the $240 support and the 100 hourly simple moving average. The price must gain strength above the $248 and $250…
DetailsBitcoin has found itself in the middle of nowhere yet again. The cryptocurrency has been stuck in a tight range, with breakouts on either side failing as investors have been exuding feelings of indecision. The market is so indecisive that on Tuesday morning, a “Darth Maul” candle formed, whereas Blockware Mining chief executive Matt D’Souza…
DetailsBitcoin is trading more than 150 percent higher from its March 2020 lows below $4,000. The cryptocurrency’s wild move upside has cheered traders, but a textbook technical indicator warns about a potential bull trap. There are possibilities of Bitcoin falling towards $6,700 if the fractal plays out as indicated. A textbook technical indicator may spoil the ongoing bitcoin price…
DetailsCardano’s Shelley public testnet is now live. From today, anyone interested in becoming a crypto stake pool operator can apply to do so. The Cardano team has, in the past, been heavily criticized by the crypto community over delayed releases. However, recent developments have answered those objections, much to the delight of Cardano supporters. Shelley…
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