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April 2021

Analysts say Coinbase listing represents a ‘watershed’ moment for crypto

2021-04-13T17:23:03+00:00 April 13th, 2021|Crypto News|

Coinbase, the top cryptocurrency exchange in the United States, will soon be a publicly listed company once its COIN stock launches on the Nasdaq stock exchange on April 14.Generally, the sentiment around the listing has been overwhelmingly positive from both the crypto and traditional financial markets. With the date just one day away, analysts have been issuing a variety of perspectives related to how the listing [...]

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Bitcoin breaks new all-time high above $63K: What are traders saying?

2021-04-13T10:29:30+00:00 April 13th, 2021|Crypto News|

The price of Bitcoin (BTC) reached a new all-time high at $63,478 on Tuesday on Binance. The market sentiment around Bitcoin and Ether (ETH) is overwhelmingly bullish, but the short-term sentiment remains mixed.Analysts use the term “price discovery” when the price of an asset reaches a new all-time high.On Tuesday, the price of Bitcoin entered price discovery, surpassing its record high as it made its way [...]

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Bitcoin is ‘caged bull’ ready to escape at $60K — Bloomberg Intelligence

2021-04-12T14:11:36+00:00 April 12th, 2021|Crypto News|

Bitcoin (BTC) is a “caged bull,” and the end of its current price run is nowhere near at $60,000, said Bloomberg Intelligence.In a tweet on Monday, senior commodity strategist Mike McGlone delivered his latest bullish verdict on the state of Bitcoin this month. Analyst: 2021 bull market is “tame”According to McGlone, who eyed a declining BTC supply coupled with roaring demand from new investors, Bitcoin has [...]

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Binance Coin reaches 37% of Ethereum’s market cap: 3 reasons why BNB is soaring

2021-04-12T12:22:33+00:00 April 12th, 2021|Crypto News|

Binance Coin (BNB), the native cryptocurrency of Binance Chain and top digital asset exchange Binance, is starting to close in on Ether (ETH) in market capitalization. As of Monday, BNB is valued at $87 billion at the price of just under $600. The valuation of Ether is hovering at around $246 billion, which is 2.8 times larger than that of Binance Coin.$BNB volume > $BTC volume.Congrats [...]

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Record BTC weekly close, Ethereum all-time high: 5 things to watch in Bitcoin this week

2021-04-12T08:53:29+00:00 April 12th, 2021|Crypto News|

Bitcoin (BTC) is back with a vengeance this week as a new day’s trading gets underway with a fresh attack on $60,000.After a weekend in which the largest cryptocurrency avoided a correction, Monday is looking bullish — but what could shape price action in the short term?Cointelegraph presents five factors to keep an eye on for Bitcoin traders as the market inches closer to historic [...]

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Solana (SOL) price rises as airdrops attract new users to the network

2021-04-11T22:05:00+00:00 April 11th, 2021|Crypto News|

Over the past six months blockchain projects that have issued token airdrops have re-emerged. Most notably, the airdrops by Uniswap (UNI) and MEME will be remembered as recipients were rewarded with gains ranging from $20,000 to $600,000 simply for holding the tokens.One Ethereum (ETH) competitor that has seen numerous projects launch with airdrops in the past three weeks is Solana (SOL), an open-source project that focuses [...]

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Top 5 cryptocurrencies to watch this week: BTC, XLM, MIOTA, XMR, XTZ

2021-04-11T19:42:57+00:00 April 11th, 2021|Crypto News|

Bitcoin’s (BTC) hesitation near the all-time high suggests that the bulls and the bears are waiting for a trigger to start the next trending move. The bulls are searching for a positive catalyst to thrust the price above the overhead resistance. On the contrary, the bears may be standing by in anticipation of any signs of weakness that could confirm a short-term top.The event that [...]

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BTC December futures reach $73,500 — Is everyone flipping ultra bullish?

2021-04-11T18:08:54+00:00 April 11th, 2021|Crypto News|

Bitcoin (BTC) has been struggling to break the $60,000 resistance for almost a month. But despite the impasse, BTC futures markets have never been so bullish. While regular spot exchanges are trading near $59,600, the BTC contracts maturing in June are trading above $65,000.Futures contracts tend to trade at a premium, mainly on neutral-to-bullish markets, and this happens on every asset, including commodities, equities, indexes, [...]

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Binance Coin (BNB) market cap passes Santander and UBS — What’s next?

2021-04-11T16:00:00+00:00 April 11th, 2021|Crypto News|

2021 has been an impressive year for Binance Coin (BNB), which so far has rallied by more than 900%. One of the primary drivers of BNB's growth was continued congestion on the Ethereum network. As this struggle carried on, Binance Smart Chain (BSC) emerged as an alternative, meeting the rapidly growing decentralized finance (DeFi) sector's demands. As BNB reached a $64 billion market capitalization, it has [...]

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Why is XRP seeing a monster rally when Ripple is worth just $3B on the secondary market?

2021-04-11T14:00:00+00:00 April 11th, 2021|Crypto News|

The equity of Ripple, the company that builds the infrastructure around XRP — the digital asset used by networks like RippleNet to process cross-border payments — is reportedly trading at $2 to $3 billion in the secondary market.Yet, the XRP holdings of Ripple, are reportedly worth $70 billion, which is many times higher than the valuation of the firm's equity.Returns over last year...Cardano $ADA: +3,290%BinanceCoin $BNB: +3,058%Polkadot [...]

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Bitcoin on-chain data suggests no bull market top at $60K, selling activity declining

2021-04-11T11:40:04+00:00 April 11th, 2021|Crypto News|

For the very first time in a Bitcoin (BTC) bull market, not only long-term investors but also short-term speculators who usually add to the daily sell pressure toward the end of a market cycle have become increasingly confident of higher prices as they hold on to their Bitcoin.This only adds to the already existing supply shock. If demand remains strong, this is a recipe for [...]

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Bitcoin’s comeback, XRP doubles in a week, Coinbase’s big profits: Hodler’s Digest, April 4–10

2021-04-10T20:08:45+00:00 April 10th, 2021|Crypto News|

Bitcoin Market Price Chart in RealTime Please, do your own research (DYOR). This cryptocurrency market analysis post was culled from Cointelegraph

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Watch these key technical levels as Bitcoin price nears $61,800 all-time high

2021-04-10T15:44:22+00:00 April 10th, 2021|Crypto News|

The price of Bitcoin (BTC) has surpassed $61,000 on April 10 for the first time in nearly a month. Following the breakout, traders are starting to look at new levels of resistance and support in the short-term as optimism returns to the market.In the near term, besides the all-time high at around $61,800, there are three key Bitcoin price levels to observe: $61,188, $58,387 and [...]

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Bitcoin suddenly hits $60K as a new resistance battle liquidates $850M

2021-04-10T07:28:10+00:00 April 10th, 2021|Crypto News|

Bitcoin (BTC) returned to $60,000 on April 10 as a bout of long overdue volatility hit the market in line with analysts' expectations.BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview"Being a bear is expensive"Cointelegraph Markets Pro and TradingView showed a sudden push allowing BTC/USD to exit the $50,000 corridor overnight on Friday.The move had been weeks in the making — a convincing attack on $60,000 resistance, [...]

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Enterprise-level partnerships send VeChain (VET) price to new highs

2021-04-10T00:44:08+00:00 April 10th, 2021|Crypto News|

Real-world partnerships and integrations into thriving industries are some of the best forms of validation for blockchain projects that are seeking long-term sustainability and widespread adoption. They also have the ability to spark rallies that trigger long-term price appreciation as brand awareness spreads. Since February enterprise-level adoption and a wide array of use cases have worked in favor of VeChain (VET), a blockchain-powered supply chain platform [...]

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NFT gaming and a tsunami of trading volume lift Waves to a new all-time high

2021-04-09T20:00:00+00:00 April 9th, 2021|Crypto News|

Nonfungible tokens (NFT) have handsomely rewarded early investors over the past few months, especially as they gained mainstream attention thanks to record-breaking digital art sales and well-known influencers like Paris Hilton throwing their support behind the sector. April has seen the hype behind NFTs quiet down some, but the recent growth in Waves (WAVES) shows that there is still plenty of excitement remaining in the cryptocurrency [...]

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XRP futures open interest reaches $1.2 billion record

2021-04-09T17:12:20+00:00 April 9th, 2021|Crypto News|

XRP price's journey to $1 this year has been nothing short of spectacular, considering the ongoing Securities and Exchange Commission's lawsuit against Ripple initiated in December 2020. The regulator alleges that XRP was a $1.3 billion unregistered securities offering and both CEO Brad Garlinghouse and co-founder Christian Larsen are also in the crosshairs.On April 6, Ripple Labs was granted access to the U.S. SEC's documents "expressing the agency's [...]

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Why’s Bitcoin stuck under $60,000? The gold market cap may hold the answer

2021-04-09T13:00:00+00:00 April 9th, 2021|Crypto News|

After rallying more than 100% in 2021, Bitcoin (BTC) seems to be struggling to turn the $60,000 level into support. After all, what is so special about this magic round number and its accompanying $1 trillion market capitalization? Gold's $11 trillion market cap might hold the answer, as Bitcoin's current trading volume and the amount held by institutional investors seem to match 10% of the [...]

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The major Ethereum support area is $1,800 but weaker than Bitcoin‘s — Analyst

2021-04-09T11:00:51+00:00 April 9th, 2021|Crypto News|

The price of Ether (ETH) is hovering near its all-time high once again, while Bitcoin (BTC) is still far from surpassing its record high at $60,805.But despite ETH demonstrating strong technical momentum and entering price discovery, on-chain analysis finds that its support is “narrower” than Bitcoin’s.Simply put, ETH faces a bigger risk of seeing a deeper pullback than Bitcoin in the foreseeable future if the [...]

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‘Not a cheaper Bitcoin’ — Bitcoin Gold soars 173% as traders may be buying the wrong BTG

2021-04-09T07:54:20+00:00 April 9th, 2021|Crypto News|

A long-forgotten Bitcoin (BTC) hard fork has surged almost 200% in a week — simply because traders are buying the wrong altcoin.Bitcoin Gold (BTG), a relic from the 2017 forking season, traded at $113 on April 9 — the highest price since February 2018 — after 30% daily gains as trading volumes topped $250 million. Bitcoin Gold piggybacks to 173% weekly gainsA curious contrast to an [...]

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Exchange tokens rally ahead of next week’s long-awaited Coinbase IPO

2021-04-08T21:49:29+00:00 April 8th, 2021|Crypto News|

Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase's April 14 NASDAQ listing and the exchange's recent announcement that it pulled in $1.8 billion in revenue during the first quarter of 2021. Even as decentralized finance (DeFi) and popular decentralized exchanges (DEX) like Uniswap (UNI) and PancakeSwap (CAKE) attracted investors, high transaction costs and low liquidity on [...]

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US must embrace Bitcoin to counter Chinese ‘financial attack’ — Pomp

2021-04-08T16:02:14+00:00 April 8th, 2021|Crypto News|

Bitcoin (BTC) can undermine the U.S. dollar if the United States does not take a lead role in accepting it, argues Anthony Pompliano.Speaking to CNBC on April 8, the Morgan Creek Digital co-founder followed up on a warning from investor Peter Thiel that China could use Bitcoin to destabilize USD hegemony.Thiel cautions over Bitcoin threat"I do wonder at this point whether Bitcoin is to be [...]

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Bitcoin exchanges just saw massive Tether stablecoin deposits

2021-04-08T14:02:39+00:00 April 8th, 2021|Crypto News|

Nearly half a billion in Tether (USDT) inflows were recorded on April 8 across major Bitcoin (BTC) exchanges, based on Glassnode data.Considering that the inflows, the biggest since mid-March, coincided with a minor Bitcoin pullback, it indicates that buyers could be waiting to step in following BTC's price drop.Stablecoin deposits into exchanges. Source: GlassnodeIs a broader Bitcoin rally brewing?There are two major on-chain metrics that [...]

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3 reasons Enjin Coin price surged by over 30% in a single day

2021-04-08T11:54:20+00:00 April 8th, 2021|Crypto News|

The price of Enjin, the native token of the blockchain gaming and NFT-focused project, has surged by more than 30% in the last 24 hours.There are three major factors behind ENJ’s strong short-term uptrend, namely the Coinbase listing, technical momentum and the interest around JumpNet.ENJ price chart since December 2020. Source: TradingView.comCoinbase listing intensifies interest in EnjiThe price of ENJ has been on a gradual [...]

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Bitcoin price stalls as traders warn BTC could dip lower than $55K

2021-04-08T09:03:49+00:00 April 8th, 2021|Crypto News|

Bitcoin (BTC) barely recovered its losses on Thursday as fresh doubts emerged about the bull run continuing this month. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview$56,760 “not a convincing bottom”After sliding 5% on Wednesday, BTC/USD saw only a modest rebound to circle $57,000 at the time of writing, Cointelegraph Markets Pro and TradingView showed. Following multiple failed attempts to crack resistance close to all-time highs, analysts were becoming [...]

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