For Bitcoin and the larger crypto ecosystem, this summer wasn’t a particularly warm one. In fact, a series of bankruptcies and scandals by major players crashed the ecosystem and prices plummeted. Bitcoin price has fallen by roughly 13% from the start of August and the overall market cap for cryptocurrencies declined by 8.1% to $992 billion in the same period, based on data from Coinmarketcap. … Continue reading What Will September Bring for Bitcoin and Crypto Markets?
The dreaded W word is re-entering the crypto lexicon. Chatter about a crypto winter is on the cards once again after the asset class’s spectacular pandemic run. The irony of crypto becoming one of the first casualties of an impending recession is rich because its enthusiasts have spent years positioning it as a hedge against central bank policies and distinguishing the asset class from mainstream … Continue reading Bitcoin Price Continues Crumbling As Celsius Contagion Spreads
And they all come tumbling down. The congratulations and celebrations from crypto’s biggest and latest shindig had barely died down and its markets took a turn for the worst Monday morning. Bitcoin price, which has been on a steady decline since last November, crashed below $25,000 this morning. As of this writing, it is trading at $23,557.23, a drop of roughly 15% from its … Continue reading Bitcoin Price And Crypto Markets In Turmoil
After climbing to dizzy heights last year, markets are hemorrhaging value as prices plummet since the beginning of this year. Expensive assets that were worth millions of dollars as recently as last year have crashed from their earlier valuations. One of the world’s biggest financial instruments careened to a sudden and spectacular crash in less than a month, further deepening distrust of a financial system … Continue reading Can Crypto Handle A Recession?
The unraveling of stablecoin TerraUSD’s (UST) peg to the US dollar continues unabated. As of this writing, it is trading at $0.40, down 23.7% from its price 24 hours ago, according to data from Coinbase. That figure is a far way off from its $1 peg to the US dollar but still represents an improvement from trading lows of 23 cents to the dollar on … Continue reading Stablecoin Terra’s Peg Continues to Unravel
A successful algorithmic stablecoin is the Internet equivalent of a freestanding dollar, a currency cut off from its peg to the gold standard. Recent advances in technology and cryptography make the idea sound deceptively simple. Practical implementation, however, remains elusive. Many attempts at creating algorithmic stablecoins have failed in the past. TerraUSD (UST) is the latest example of one such coin teetering on the brink … Continue reading Terra And The Freestanding Algorithmic Stablecoin
Will TerraUSD (UST) become the latest stablecoin to fail? That might be the most important question on the minds of investors in the stablecoin. Terra’s price, which was inching upwards towards its 1:1 peg with the US dollar yesterday, crashed to 26 cents Wednesday morning. Traders also sold off their holdings of Luna – the underlying token responsible for maintaining Terra’s price peg, crashing its … Continue reading Terra Continues Free Fall, Repegging In The Works
The crisis in algorithmic stablecoin Terra’s peg with the US dollar deepened on Monday evening before staging an overnight recovery. TerraUSD (UST), the world’s third biggest stablecoin, was trading at $0.62 to the dollar yesterday evening based on prices available at Coinbase. As of this writing, the stablecoin’s price has risen to $0.89. The Luna Foundation Guard (LFG) announced yesterday that it was lending out … Continue reading Terra (UST) Peg Crisis Deepens
One night in November 2013, bored after a beer, Australian engineer Jackson Palmer created a new currency. He was on vacation at his parent’s home in Gosford, a suburb of Sydney. Palmer was intrigued by Bitcoin and was downloading the cryptocurrency’s blockchain, a database of its transactions, to run a ‘node’ on its network and mint the cryptocurrency on his home computer. But the internet … Continue reading Dogecoin: The Joke Cryptocurrency That Made It Big
And you thought volatility in crypto prices was a thing of the past. In the space of a couple of hours, crypto markets shed $30 billion of their overall value in less than two hours. Bitcoin price crashed by more than 9 percent to $8,648.66 in approximately 30 minutes today at 14:35 UTC. But that was not the end of it. The original cryptocurrency … Continue reading Volatility Returns to Crypto Markets; Bitcoin Price Crashes by 9 percent in 30 Minutes
Caught in the middle of rising tensions between two of the world’s biggest countries and reports of economic turmoil, stock markets tumbled. So did Bitcoin and crypto markets. August promised much, when it started off with a surge for crypto investors. But it delivered little – markets soon shed their gains and resumed a mostly flat trajectory. Bitcoin, which was trading in the $10,000 range, … Continue reading August Started with Promise For Bitcoin Price But Failed to Deliver For Crypto Investors
Coinbase may be adding to its token count. In a blogpost published yesterday, the San Francisco-based exchange revealed that it was considering adding up to eight new coins – Cosmos, Algorand, Decred, Dash, Harmony, Matic, Waves, and Otology – to the collection of coins it offers to traders. The final decision to support these currencies, however, is subject to the exchange’s digital asset framework, which … Continue reading Coinbase May List More Eight More Cryptos
In yet another demonstration of its volatility, Bitcoin price reached a new high this morning before falling back by almost 5% within a matter of 45 minutes. As of this writing, the cryptocurrency is trading at $11,736.25, almost unchanged in its price from 24 hours ago. Earlier this morning, a single bitcoin was changing hands at $12,294.25, per Coindesk data. That figure represented a gain … Continue reading Volatile Bitcoin Rally Shows Signs of Reversing
When bitcoin price cratered in 2018, analysts and commentators opined that its price swings might become a thing of the past with more money flowing into the asset class. As it turns out, they were wrong. The entry of institutional investors and technological developments, such as the Lightning Network, have not done much to dampen volatility in the asset class. Bitcoin price recorded its steepest … Continue reading Bitcoin Price Volatility Returns, Crashes $1,900 in Less Than Three Hours
Bitcoin price continued its rapid gains last night, gaining 14% in its price and moving past the $13k mark this morning on all exchanges and data services tracking its price. As of this writing, it is trading at $13,244.39 on Coindesk’s index, up 16.16% from its price 24 hours ago. In the last one week, bitcoin’s price has surged by more than 40% on the … Continue reading Bitcoin Price Soars Past $13,000
Is bitcoin price reverting back to its old ways? Within a span of 24 hours, the cryptocurrency breezed past the $10,000 mark on Saturday and briefly meandered beyond $11,000, before settling back into the $10,000 range. As of this writing, it was trading at $10,729.87, roughly unchanged from its price 24 hours ago. A day earlier, Bitcoin was changing hands at $9,859.61. Such schizophrenic price … Continue reading Bitcoin Price Crosses $10,000 Mark
In its attempt to regain past glory, Bitcoin price breached another major milestone and crossed the $9,000 mark over the weekend. The original cryptocurrency first struck past the mark yesterday evening. It retraced its steps for a brief period of time two hours later before striking out again past $9,000. As of this writing, Bitcoin is changing hands at $9,285.84 per Coindesk. Yesterday’s increase means … Continue reading Bitcoin Price Breaks Past $9,000 Mark In Anticipation of Facebook Announcement
With a price increase of 45%, Litecoin has been among the biggest winners in the cryptocurrency markets price rally within the last month. But that rally may not be over yet. The cryptocurrency, which was started as an alternative to Bitcoin, has been on a bull run this year, jumping by 323 percent since January this year. There are no fundamental factors driving the increase … Continue reading Litecoin price shoots up
Will bitcoin price cross $50,000 in the next year? Some bullish investors seem to think so and have purchased options to back up their claim. According to a WSJ report, an unidentified investor has bought 30 options worth approximately $4,500 expiring in June 2020. The options have a strike price of $50,000. In simple words, this means that the investor is betting that the price … Continue reading Crypto Options Traders Target $50,000 Bitcoin Price For Next Year
Bitcoin price continued its ascendant path today, breaching the $8,000 price for the first time since the end of last July. As of this writing, the original cryptocurrency is trading at $8,154.27, up 10.91% from its price 24 hours ago. Just last week, it was changing hands for $5860.40 at the same time. With the exception of stablecoin Tether, all other cryptocurrencies in the top … Continue reading Bitcoin Price Breaches $8,000 Mark, Up 11% in 24 Hours
In the last week, Bitcoin price has spiked by 39%. In monetary terms, the increase translates to a jump of approximately $2,000. The cryptocurrency’s gains are even more impressive when you consider its low of $3,497 in January this year, the current price representing a 90% increase from the start of this year. So, does the latest price jump mean that Bitcoin is on the … Continue reading Bitcoin Price Rises Again: False Alarm or Start of Another Bull Run?