07-JAN-2021

2 weeks ago

XRP Rallies While Bitcoin Nears USD 38K & Total Market Cap Smashes USD 1 Trillion – via CryptoNews
The most troubled major cryptoasset, XRP, rallied in the past few hours in double digits, while the most popular cryptocurrency, bitcoin (BTC), jumped above USD 37,000, helping the total crypto market capitalization surpass USD 1 trillion for the first time. At pixel time (04:51 UTC), XRP is up by 13% in the past hour alone and is trading at almost USD 0.303. The price is up by 33% in a day and 40% in a week, trimming its monthly losses to less than 53%. XRP is the second-best performing top 10 coin today, only after stellar (XLM), which is up by 72%.

2 weeks ago

Bitcoin Price Sets New ATH, Why BTC Bulls Could Aim $40K – via NEWSBTC
Bitcoin is up over 10% and it broke the $35,500 and $36,500 resistance levels. The price traded to a new all-time high close to $37,400 it is still well above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $35,880 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to continue higher towards $38,500 and $39,800 if the current trend remains intact.

2 weeks ago

The Cryptocurrency Market Is Now Worth More Than $1 Trillion – via Decrypt
The total market capitalization—or the combined price of all cryptocurrencies currently in circulation—has just broken above $1 trillion, CoinGecko’s data showed today. While it’s hard to say whether those are all cryptocurrencies in existence, this is another major milestone for the 6,124 digital assets that the platform tracks.

2 weeks ago

Former Federal Reserve Governor Now On Board with Bitcoin – via Decrypt
Given the massive shift in monetary policy, “Bitcoin does make sense as part of a portfolio in this environment,” said Warsh. Former Federal Reserve governor and one-time Bitcoin skeptic Kevin Warsh has changed his tune on the crypto asset. Following Bitcoin’s recent surge, and changing attitudes on the regulatory side, the asset now “does make sense” in a sensible portfolio, Warsh said today.

2 weeks ago

Corporate Investment May Be About to Pump Bitcoin, Says Bill Miller – via CryptoBriefing
Investor Bill Miller, who has managed billions of dollars worth of funds and allocated 1% of his net worth to Bitcoin, sees corporate investment as a huge potential buy signal. Bill Miller allocated 30% of a $154 million fund to Bitcoin throughout 2017. Miller has beaten the S&P 500 for over 16 years with his investment decisions. He stated that the trend of companies diversifying into Bitcoin may be about to skyrocket BTC prices.

2 weeks ago

Coinbase whales keep buying Bitcoin as price rockets to new all time highs – via Bitcoinist
Despite Bitcoin trading at relatively high prices, whales on Coinbase are still accumulating at an alarming pace. Analyst Joseph Young spoke about this in a recent tweet, explaining that the Coinbase premium is nearly $100 over Binance.

2 weeks ago

On-Chain Data Shows Bitcoin Rally Has Yet to Enter “Overheated” Territory – via NEWSBTC
Bitcoin’s rally has been heating up as of late, with bulls taking full control of its price action as they sent its price rocketing past its previous all-time highs overnight. This rally didn’t last for too long, as an influx of selling pressure around $36,000 slowed its ascent and caused it to reel towards $34,000. It has been consolidating around this price level ever since, and it remains unclear as to whether it will see an extended consolidation phase here or if it will regain its momentum. One on-chain analyst explained in a recent tweet that a reliable indicator shows that although Bitcoin’s rally is warming up, it still has a long way to go before it enters “overheated” territory.

2 weeks ago

Bitcoin Miners Are Now Making $33 Million a Day – via Decrypt
Bitcoin mining revenue has reached a high last seen in 2017, according to Glassnode CTO Rafael Schultze-Kraft. Bitcoin total mining revenue has hit $33 million per day. Total mining revenue has only been higher during a short period in December 2017. Current figures are also up by about 90% since the days before Christmas last year.

2 weeks ago

Active Bitcoin Addresses Print Fresh Record High – via U.TODAY
Blockchain analytics firm Glassnode has noted that the number of hourly active Bitcoin addresses has eked out a fresh all-time high, eclipsing the peak that was recorded back in early January 2018.

2 weeks ago

Ripple CTO And XRP Architect David Schwartz Shares Current Crypto Holdings – via ZyCrypto
Crypto figureheads rarely make public their portfolio but one of the original architects of the XRP ledger and Ripple CTO, David Schwartz unveiled his crypto holdings. He made this known through his Twitter account after an inquiry from another account with the handle “TheDustyBC”. XRP claimed the number one spot in the list which he made according to position size while bitcoin and ethereum followed suit.

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