03-JAN-2021

3 weeks ago

Ethereum Surpasses $800, but It’s Far from Its All-Time High – via U.TODAY
Ethereum, the second-largest cryptocurrency, has hit the $800 level for the first time since May 6, 2018. Its market cap has now reached $91.7 billion once again, surpassing Godman Sachs, Uber and travel giant Booking.com. On Jan. 3, the decentralized finance (DeFi) ecosystem — which is primarily powered by the Ethereum blockchain — also passed $15 billion in total value locked, according to data provided by DeFi Pulse.

3 weeks ago

$8.2 Million Worth of Crypto Artwork Sold in December – via Decrypt
The non-fungible token-based art scene has ended 2020 with a bang, more than tripling its monthly trading volume in December. December 2020 marked a new record for the blockchain-based art market, with the total trading volume of non-fungible token-based (NFT) works amounted to $8.21 million, according to analytics platform CryptoArt.io.

3 weeks ago

What’s in Store for Ethereum in 2021? – via CryptoNews
The second-largest crypto network by market capitalization, Ethereum (ETH), had an eventful 2020 as many other players in the Cryptoverse. But what awaits the network in 2021? The picture looks green price-wise and busy when it comes to new developments, according to industry insiders talking to Cryptonews.com.

3 weeks ago

Ethereum active supply hits 5-year low – via AMBCRYPTO
The Ethereum [ETH] market has been seeing increased momentum that has been driving the price of the cryptocurrency in the past few months. Amid the active spot market, the active supply of Ethereum has been dropping to new lows. According to the data provider – Glassnode alerts, the active supply of ETH measured on a 3-6 month timeframe has just hit a 5-year low of 5.073 million ETH.

3 weeks ago

Polkadot [DOT] Surges Over 77% in the Past Week Flips BCH For the 6th Spot – via CoinGape
Polkadot [DOT], a defi protocol that allows for arbitrary data, not just tokens to be transferred across blockchains has recorded mammoth gains over the past week. Its native token DOT has surged by over 77% in the past week even flipping Bitcoin fork BCH to take the 6th spot. The defi token is barely a year old and yet has a market cap bigger than BCH is quite an achievement and another feather in Defi’s cap.

3 weeks ago

Bitcoin Bull Says those Waiting to “buy the dip” Will Fuel the $50k to $100k Pump – via ZyCrypto
A Bitcoin bull and Founder of Capriole Investments Charles Edwards says those waiting to buy the next Bitcoin bull or waiting for the next correction will end up fueling the pump from $50k to $100k. This is coming on the heels of Bitcoin price crossing $30,000. The price has become a psychological price level like the famous $10,000 where a pullback was expected to happen.

3 weeks ago

Bitcoin Price Touches $33,000 in Unstoppable Rally – via CryptoTicker
Bitcoin price has hit $33,000 for the first time ever in what seems to be an unstoppable rally. The total market capitalization of Bitcoin is now $610 billion becoming the 12th largest asset by market cap in the world, followed by Alibaba at $648 billion and Tesla at $668 billion. The highest market capitalization asset at $12 trillion is gold which means Bitcoin is still has a market cap 20 times lower. The rise of Bitcoin’s price in the past two months has been impressive but still not as parabolic as the one we have seen in 2017.

3 weeks ago

JP Morgan Chase believes Bitcoin is overbought – via Cryptopolitan
JP Morgan Chase strategists in a recent report by Bloomberg has been quoted to be describing Bitcoin as being “overbought.” According to these bank analysts, Bitcoin must continue to have a large scale inflow like it had seen in recent times in order for the coin not to have a price correction. The strategists also noted that Grayscale who currently hold over $13 billion as assets under management have a monthly inflow of $1 billion. They further added that due to this size of their inflow, they wouldn’t be welcoming to any new position that would lead to a sustained negative price.

3 weeks ago

Massive Bitcoin (BTC) Outflows on Coinbase Continues As Price Approaches $30,000 – via CoinGape
Bitcoin (BTC) continues to scale new heights hitting a new all-time high above $29,600. The Bitcoin investors’ activity has been clearly pointing at a sustained bull run ahead. The recent price surge to $30,000 comes on the backdrop of heavy buying happening on Coinbase in the last 48 hours. There are massive massive Bitcoin outflows registered on the Coinbase Pro exchange in the last two days. CryptoQuant CEO Ki-Young Ju notes that over 12,000 BTC have moved out of Coinbase to multiple cold wallets for custody, and this could be facilitated by big OTC deals.

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