Ethereum’s (ETH) top 100 holders have moved more than 700,000 ETH ($191.1 million, at press time) to exchanges, over the past three days. Analysts at crypto analytics platform Santiment believe that this might suggest that the leading altcoin is on the verge of another pump.
For the past few weeks, Bitcoin (BTC) has been in a consolidation range between $9,200 and 9,600 and it is believed that the latter has to be broken before any significant price gains can be achieved.
Services that aggregate data from the cryptocurrency markets are some of the most demanded tools for day-to-day analytics among investors. Such services provide information about the state of the market, prices and market capitalization of assets, exchange trading volumes, listed coins, and trading pairs.
The last few weeks have been hard for the world economy and logistics. Logistics and supply chains are disrupted, some states close their borders and restrict public events. This doesn’t make investors happy, lowering business activity and total demand.
Bitcoin has long carried the informal title of digital gold. This title implies that Bitcoin was believed to share certain qualities with gold, namely being a protective asset during periods of market turmoil.
As the Bitcoin markets settle down, it’s still not clear how the price of the first crypto will develop, given the tough time entire nations’ economies are going through.
On Friday (UTC time zone), March 13, Bitcoin’s price at some point fell to $3,800, having lost more than 50% of its value overnight. Ethereum’s price dropped below $100 for the first time since December 2018.
Today, on March 12, the price of Bitcoin dropped below $6,000, at some point reaching $5,900 on the Bitstamp exchange.
On Monday, March 9, the price of a barrel of oil fell 30% to $31. Two days before, Russia had withdrawn from the OPEC+ deal, refusing to cut production. The ruble followed the oil and dropped to the rates of 2016. Due to the volatility of world markets, the Central Bank of the Russian Federation […]
As the virus spreads across countries, the world’s economies feel the negative impact. In December 2019, when the COVID-19 outbreak took on, two-thirds of the total Bitcoin mining capacity was localized in China, the patient zero country. The virus harmed many sectors of China’s industry, disrupted logistics, and made export and import operations significantly more […]
Crypto investors now have one more reason to be optimistic of the future after U.S.-based provider of investment data Weiss Ratings for the first time in the firm’s history has upgraded the score of Bitcoin to a solid A- grade.
Bitcoin has had the wildest price swings in June out of all cryptocurrencies with the market cap of above $4 billion. According a report by The Block, Bitcoin has reached an annualized volatility of 102% in June, trailed by Litecoin (~98%) and EOS (~97%). The least volatile major cryptocurrency has been BNB with 76%, followed […]