Bitcoin price continues to remain equable in its chosen range of between $29,000 to $30,000. Right now, the cryptocurrency is changing hands for $29,243.94, unchanged from its price a day ago. The world’s biggest cryptocurrency by market capitalization shrugged off positive data about an increase in US Gross Domestic Product (GDP) – news that should… Read More Notes 7/28: Bitcoin Price, Tether and Bitcoin, and Palau Stablecoin
Fed Chair Jerome Powell raised interest rates by a quarter percentage point yesterday and refused to commit to a pause in future hikes. But the stock market did not buy his spiel and sent equities higher. Crypto markets followed suit, albeit in a less dramatic fashion than usual. Bitcoin price rose by only one percent… Read More Notes 7/27: Bitcoin Price, Bitcoin Miners,And Lido Tricks
Here’s a zinger of a news item from crypto. Bluechip Stablecoin Ratings Agency has come out with ratings for stablecoins operating in the crypto ecosystem. Binance’s native stablecoin BUSD and Gemini USD have received an A rating while algorithmic stablecoin Tether gets a D. Apparently, the factors considered while deciding the rating are governance, ability… Read More Notes 7/25: Stablecoin Ratings, Bitcoin Price
What’s the deal with bitcoin price? It has been flapping around, range-bound for most of the last month. As of this writing, it is at $29,854.41, unchanged from yesterday. On a weekly basis, it is down by almost 4%. There are no catalysts to further pump its price in a fast diminishing cohort of crypto… Read More Notes 7/20: Bitcoin Price
Bitcoin price has stalled this quarter but Coinbase has already won big. Shares for the cryptocurrency exchange, one of the biggest in North America, have jumped by 90 percent in the last month, lifting their price to $105.81 this morning. Coinbase investors pushed up its stock because they are supposed to be enthused about two… Read More Notes 7/18: Problems at Coinbase and Binance
Bitcoin price, which rallied past the $31,000 mark yesterday, is back to where it was earlier. As of this writing, it is changing hands at $30,339.56, unchanged from a day earlier. That figure is also unchanged from a week earlier, meaning the expected start date for a bull market ahead of next year’s halving is… Read More Notes 7/15: Bitcoin Price
It was a time for profit-making in crypto markets yesterday and this morning. Bitcoin price surged past the $31,000 mark after a New York court judge ruled that programmatic sales of Ripple’s native token XRP at cryptocurrency exchanges were not securities. It crested at $31,700 before retreating. The price of Ripple’s XRP skyrocketed by 96%… Read More Notes 7/14: Bitcoin Price, XRP Ruling
One of the safest bets for a crypto story during a slow news cycle is bitcoin price. After last month’s mild rally, the cryptocurrency’s price hasn’t seen much action in July. But Standard Chartered is predicting good things for it for the future. According to the bank, bitcoin price could jump to $50,000 by the… Read More Notes 7/11: Bitcoin Price, GBTC Discount
Decentralized finance (DeFi) was supposed to be the savior and next iteration of modern finance. Investors don’t seem to think as much. The total value locked (TVL) in DeFi systems has slumped from a peak of $178 billion in November 2021, when bitcoin price set a record, to $44.5 billion, as of this writing. It… Read More Notes 7/10: DeFi Total Value Locked Declines, Bitcoin Hash Rate Surges
Bitcoin miners are bulking up their reserves in anticipation of next year’s halving event. Riot blockchain is reported to have purchased 7.6 EH/S of mining machine capacity for $162.9 million. HUT8, a Canadian bitcoin company, is pursuing a merger with U.S. Bitcoin Corp. The combined entity will have total hash rate, or computing power deployed… Read More Notes 7/9: Bitcoin Mining
Bitcoin price edged past the $31,000 mark once again this morning. As of this writing, it is trading at $31,040.82, up 2% from its price yesterday. There are no fresh catalysts to pump its price further. But it might be preparing for a big move if derivatives are signals for future price action. The open… Read More Notes 7/3: All-time Highs for Bitcoin and Ether Options, Restaking Once Again, and Future of Crypto Exchanges
Bitcoin price rallied past the $31,000 mark, a key figure in its price trajectory according to some analysts, last week on the news that investment giant BlackRock had filed for a bitcoin ETF. The rally was short-lived, however. As of this writing, the cryptocurrency is changing hands at $30,552.77, relatively unchanged from its price a… Read More Notes 7/2: Bitcoin Price On The Cusp of Big Move?
Bitcoin price was supposed to climb higher today on the back of goods news about Bitcoin ETF filings and an options expiry. But it fell by more than $1,000 this morning to $29,770 this morning after the Securities and Exchange Commission (SEC) deemed the recent bitcoin ETF filings, which were supposed to have pumped the… Read More Notes 6/30: Bitcoin Price Falls, Binance.US Discount, and Ethereum As Commodity
Bitcoin price continues to linger in the $30,000 range, awaiting its next catalyst in the form of an options expiry this Friday. Based on historical performance, investors are bracing themselves for a price rally in July. As of this writing, it is changing hands for $30,205.28, down by 2% in one day. Its price remains… Read More Notes 6/28: Bitcoin Price July Rally, TUSD Depegs
What is the future of the monetary system? It might be more of the present. For the time being, at least. A blueprint for the monetary system’s future sketched out by the Bank of International Settlements (BIS) released last week places central and commercial banks at the center of an ecosystem dominated by tokenized deposits.… Read More Notes 6/27: BIS Future Monetary System, Bitcoin Price
Bitcoin is changing hands at $30,242.35, relatively unchanged from its price a day earlier. But the party is still on at Binance.US. Traders can make profits hand over fist at the exchange. They can purchase the cryptocurrency for $29,300 and sell it at other venues, where it is more expensive. Or, they can redeem the… Read More Notes 6/26: Binance.US Party Continues, Bitcoin Price Future
The kimchi premium of 2018 has become a hamburger discount in 2023 at Binance’s American subsidiary. Back then, bitcoin’s premium trade at cryptocurrency exchanges in South Korea enabled traders to execute arbitrage strategies using price differences between exchanges in South Korea and those located in other geographies. In 2023, bitcoin is trading at a discount… Read More Notes 6/25: Binance.US Burger Discount
Algorithmic stablecoin Tether has lost its peg at Binance.US as bitcoin price rallied past $31,000 this morning. According to data from crypto prices aggregation site CoinGecko, bitcoin price is trading at $31,152.69, up 3.5% from a day earlier, right now and Tether’s peg is intact at $1. There is a different story playing out at… Read More Notes 6/23: Tether Loses Peg At Binance.US As Bitcoin Price Blitzes Past $31,000, Crypto Derivatives Turn Bullish (Why?!), and TUSD’s News Cycle
Even as liquidity in the bitcoin ecosystem continues to shrink and regulators continue to crack down on its operations, Bitcoin price rallied past the $30,000 mark yesterday. It continues to hold onto that position for a second straight day this morning. As of this writing, it is changing hands for $30,233.80, up 3.2% from its… Read More Notes 6/22: Bitcoin Price Continues to Hold Above $30,000
Bitcoin price continues its logic-defying ascent amid a flurry of bitcoin ETF filings. It swept past the $30,000 mark this afternoon, touching a high of $30,585 before retreating slightly. As of this writing, it is changing hands at $30,206.95, up by a staggering 8% from yesterday and 16% from last week. During its surge, the… Read More Notes 6/21: Bitcoin Price Pops Past $30,000, Stablecoin Regulation
Bitcoin price remains ‘steady’ this morning after more turmoil last week. As of this writing, it is changing hands for $26,753.59, up roughly 1.5% from yesterday. But that steady hand masks turmoil in its ecosystem. Bitcoin Price’s Steady Turmoil According to analytics firm Glassnode, the amount of bitcoin held in illiquid entities has risen to… Read More Notes 6/20: Bitcoin Price Defies Logic and Demand, Ethereum Validator Mystery