Although the Bitcoin (BTC) halving generated a lot of interest proceeding the event, it has failed to kickstart a trending move after completion of the event. This suggests in hindsight that the event was priced in. However, the top-ranked cryptocurrency on CoinMarketCap has not given up much ground following the event, which suggests that traders who purchased before halving are confident that the path of least resistance is to the upside. Crypto market data daily view. Source: Coin360 While Bitcoin has been consolidating in the past few days, the action has shifted to altcoins whose market capitalization has risen from …

The price of Bitcoin (BTC) has been trading in a defined range over the past weeks as the halving hype has passed. Bitcoin’s price action also led to increased volatility in altcoins and some of the smaller altcoins have been showing impressive strength. So far, Theta Token (THETA) and Band Protocol (BAND) have been heavy movers. However, in the previous days, the larger cap altcoins have started to move up, with Cardano (ADA) and Ether (ETH) as the primary movers. As Bitcoin attempts to find a way back to $10,000, traders will closely watch to see if there is more …

The Stellar Development Foundation (SDF) has invested a further $550,000 — paid in XLM — in Berlin-based instant payment platform SatoshiPay. The SDF’s third investment in SatoshiPay brings the Enterprise Fund’s investments for the year up to a total of $6.3 million. Branching out SatoshiPay has processed more than 650,000 Euros from over 200,000 accounts, and their wallet, Solar has been downloaded by 25,000 users spanning 40 countries. The latest investment will help grow SatoshiPay’s new product, which allows businesses to conduct cross-border B2B payments, branching out from their original micropayments solution targeted at online content producers. “As one of …

Several economies around the globe are lifting lockdown restrictions that have been in place for the past few weeks. This will enable businesses to gradually get back on track and investors are also closely watching the various coronavirus vaccines that are in developmental stages. Any positive news on this front is likely to boost sentiment. As the globe is flush with liquidity, any improvement in sentiment could drive traders into risky assets in order to generate strong returns to make up for this year’s losses. Bitcoin (BTC) has done exceedingly well during the crisis, which is likely to attract the …

The coronavirus pandemic has crippled the United States’ economy, which is staring at its worst recession since the Second World War. To counter this, the U.S. Federal Reserve has pumped trillions of dollars into the economy. These measures are may result in hyperinflation in the future. Therefore, investors are buying gold and Bitcoin (BTC) to hedge their portfolios. Crypto market data daily view. Source: Coin360 The top-ranked cryptocurrency by market capitalization has generated increased participation from institutional investors, according to numbers reported by the Chicago Mercantile Exchange. Contrary to the expectations of a few analysts, BTC has remained strong post-halving …

A month after the first halving, Bitcoin (BTC) moved up by 7% but following the second halving, the price slipped by 10% in a month. This suggests that if history were to repeat itself, the top-ranked cryptocurrency on CoinMarketCap will remain volatile but a large move in either direction is unlikely in the first month. However, the derivatives markets could be giving a signal that this time is different. This week CME Bitcoin options open interest increased to about $142 million, an increase of over 1000% since the end of April, according to data from Skew. This shows that the …

History suggests that Bitcoin (BTC) halvings have led to massive bull runs. After the first halving in November 2012, the top-ranked cryptocurrency on CoinMarketCap surged 10,000% from late 2012 to 2014. The second halving that took place in July 2016 produced a rally of about 2,500% from mid-2016 to Dec. 2017. On May 11, Bitcoin completed its third halving and the expectations are for another huge up move. Other than history, current fundamental factors are setting the stage for a huge rally in Bitcoin’s future. The world is currently in the midst of a financial crisis due to the coronavirus …

Data published by market research firm Fundstrat shows that Bitcoin (BTC) is the top-performing asset class of 2020 so far. The data, posted to Twitter by Fundstrat’s Thomas Lee, shows Bitcoin to have outperformed every other asset class by at least 19% — with BTC having gained 39% since the start of the year. 20-year U.S. treasures rank as the second-best performing asset with a 21.1% year-to-date (YTD) gain, followed by gold with 12.5%, and U.S. treasuries with 8.9%. Global government bonds and the Nasdaq increased by 1.8% and 1.7% respectively, while high-grade U.S. credit and cash funds post roughly …

A new report by blockchain intelligence firm Flipside Crypto indicates that trading activity for XRP slows down considerably on the weekends. The question is, why? In the report called “4 Things To Know About XRP Money Flows”, the company analyzes the flows of XRP through the ecosystem and notes that activity for XRP drops significantly on the weekend. It theorizes that this is likely due to a lack of consumer or retail interest in the asset: “The bar chart above shows a clear pattern, with significantly lower XRP activity on weekends than during business days. This is not the case …

The Stellar Development Foundation, or SDF, has allocated $5 million to crypto investment app Abra. The company now looks to incorporate the Stellar blockchain into its platform, as well as develop Stellar-based products. "We believe Stellar’s platform is one of the most scalable and versatile cryptocurrency platforms available today," Abra CEO and founder Bill Barhydt told Cointelegraph in an email, adding: "That combined with a similar shared mission of democratizing access to financial services means that our companies are strongly aligned in our services roadmap going forward." The Abra investment is only the foundation's second financing move using its enterprise …

Pantera Capital Founder and CEO Dan Morehead is bullish on Bitcoin (BTC) due to the upcoming halving as he believes that “if the new supply of Bitcoin is cut in half, all else being equal, the price should rise”. If history were to repeat itself, Morehead expects the top-ranked cryptocurrency on CoinMarketCap to rally to $115,212 by August 2021. The CEO also said that gold might be losing its luster but he does not expect the yellow metal to vanish overnight. Bloomberg’s senior commodity strategist Mike McGlone said that in traditional commodity markets, higher prices are an incentive for the …

The world is currently witnessing its worst crisis in decades, which dwarfs even the previous financial crisis. Even when traditional asset classes like equities and crude oil are struggling, Bitcoin (BTC) has held out exceedingly well. Travis Kling, the head of crypto hedge fund Ikigai, said that the top-ranked cryptocurrency on CoinMarketCap has preserved wealth for its investors as its price has “increased 0.60% from the end of February to the end of April amidst one of the most catastrophic economic events in history.” Crypto market data daily view. Source: Coin360 With Bitcoin halving less than nine days away, the …