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BTC, ETH, XRP, BCH, ADA, BSV, BNB, LTC, CRO, LINK

The Nasdaq has regularly been making new highs for the past few days, which has resulted in a strong rally in a few technology companies. Along with this, a few stocks in the S&P 500 are also on a tear, pushing their valuations to astronomical levels.While the U.S. equity markets are on a strong footing, gold is not to be left behind. It has also risen to a nine-year high, which shows that...

BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Famed investor Mike Novogratz believes that additional crypto adoption and more drastic central bank actions will benefit Bitcoin. The Galaxy Digital CEO said that hedge funds and high-net worth individuals have been buying Bitcoin (BTC). However, Novogratz expects the U.S. equity markets to go down, hence, he “got short Friday for the first time in a while -- both stocks and credit.”Several analysts have suggested that the current crisis is likely to...

Stablecoins Gain Market Share Amid Crypto Bloodbath

While most cryptocurrencies have seen their market capitalization slashed over the past month, the market meltdown has seen stablecoins ascend the market cap rankings. As of press time, six stablecoins currently reside among the top 50 crypto assets by capitalization.USDT ranks fourth The largest-stablecoin by capitalization, Tether (USDT), currently ranks as the fourth-largest cryptocurrency with a market cap of $4.66 billion. Despite the total USDT market cap growing by just 0.5% in four weeks,...

BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Crude oil prices plunged about 30% on Monday to the lowest levels seen since Feb. 2016. This triggered a sell-off in global equity markets, which were already reeling under the pressure of a likely global slowdown due to the coronavirus outbreak. At its lowest level, the crude oil traders were nursing losses of about 55% year-to-date. Similarly, the US markets have plummeted about 15% year-to-date.Although Bitcoin (BTC) has dropped about 26% from...

BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Recently, the chairman of Virgin Galactic Chamath Palihapitiya said that “everybody should probably have 1% of their assets in Bitcoin,” as it is “an uncorrelated hedge” to the excesses in the financial industry. He did not approve of the strategy to buy Bitcoin only when the equity markets are down. Instead, he said that investors should keep a long-term view on Bitcoin and consider it as “insurance”.Fundstrat’s Tom Lee said that blockchain...

BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Binance CEO Changpeng Zhao believes that the upcoming Bitcoin halving has not been priced in to the digital asset’s current price action. The reduction in miner rewards will increase the cost of mining each Bitcoin, meaning, miners are unlikely to sell below their cost of production. Bitcoin’s supply will decrease with the halving but its demand has also been increasing, creating a situation where prices are likely to driven higher. Although CZ’s statement...

BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LINK

Eurekahedge's index of crypto hedge funds have clocked 21.15% returns since the start of 2020 and this is the best performance from the firm since the index started in 2013. Even in 2017, which was the blockbuster year for cryptocurrencies, the January returns were a modest 4.85%. If the crypto hedge funds maintain their stellar performance this year, they are likely to attract further investments in this space.Coinbase is now a Visa...

Bitcoin Breaks Above $10,000 in Spot Market

For the first time in three months, bitcoin’s price is being quoted in five digits to the left of the decimal. The top cryptocurrency crossed above $10,000 at 04:10 UTC and printed a high of $10,176 during the early European trading hours. That was the highest level since Oct. 26, according to CoinDesk’s Bitcoin Price Index. At press time, bitcoin is changing hands at $10,130, representing 3 percent gains on a 24-hour basis. The move above...

Continuing Its Crypto Market Takeover, Binance Fires Up BNB Futures

Crypto exchange unicorn Binance will launch Binance Coin (BNB) futures trading on Feb. 10.As the 17th cryptocurrency available on Binance’s futures trading branch, BNB comes with 50x leverage, paired against Tether’s USDT stablecoin, Binance detailed in a Feb. 7 press release provided to Cointelegraph.BNB pumped with the rest of the marketBinance’s BNB coin has already rallied several dollars this month, hitting a price of $22.16 by press time. Cointelegraph analyst and trader...

Exchange Tokens: Neither a Great Investment Nor a Great Market Indicator

They're definitely not equity, but could "exchange tokens" be bellwethers for one of crypto's best use cases? (Spoiler: Probably not)Among thousands of venture-backed startups, tokens, coins, blockchains and open-source technology projects, exchange operators now stand out among the top revenue getters in the crypto asset category. Coinbase, not the largest by trading volume even among exchanges whose trade data is trusted, reported $173 million in 2018 non-U.S. revenue, leading Reuters to estimate Coinbase’s...
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