Kraken Australia CEO Jonathan Miller described yesterday’s Bitcoin crash as a natural correction after BTC was “dragged up” by the overheated Ether (ETH) and nonfungible token (NFT) markets. In its August report, Kraken notes that the supply of Ether on centralized exchanges fell to a three-year low of 12.8% at the start of the month,
Altcoins
The real-world adoption of blockchain technology is a slowly developing process that requires the right use cases and a willing public who are open to new experiences to be obtained when one ventures outside of their comfort zone. An increasing number of real-world applications appear to be the motivating factor behind the recent gains seen
Despite the Russian state maintaining a mostly unfriendly stance on cryptocurrencies like Bitcoin (BTC), a major state-backed museum is benefiting from the industry by raising hundreds of thousands of dollars with nonfungible tokens, or NFTs. The Russian State Hermitage Museum, the largest museum in the world, has finished its first NFT auction on the NFT
Bitcoin’s (BTC) market capitalization is nearing the $1 trillion mark and several altcoins have also been rallying hard in the past few days. This has driven the Crypto Fear and Greed Index into the extreme greed territory where the range fluctuates between 79 and 100. Generally, tops are made when the index hits around 95,
FTX crypto exchange’s native utility token, FTT, reached a new record high on Monday a week after it agreed to acquire LedgerX, a United States-based crypto derivative platform, for an undisclosed sum. On Monday, the FTT/USD exchange rate surged 16.37% to $73.99 in a market-wide rally that saw other top coins post similar but dwarfed
A new report gathering together the most recent data on the cryptocurrency and blockchain job market has suggested that higher levels of institutional adoption have spurred ever greater demand for expertise in the sector. According to the employment website Indeed, cited today in Korea IT Times, as of mid-July 2021, the overall share of crypto and
Bobby Lee “blames” his brother Charlie — the founder of Litecoin — for causing the 2017/2018 Bitcoin price crash. He’s joking of course. Sort of. Charlie famously sold the last tranche of his Litecoin holdings in December 2017 for $350 each. Bobby remembers seeing the news hit Twitter. “I was like, gosh, that probably marks
Optimism across the crypto market continues to rise as bullish developments in the price of Bitcoin and Ethereum (ETH) renewed discussions about a 2013-style double-pump rally that could push (BTC) price past $100,000. The positive price action hasn’t been limited to the top two market leaders. Many altcoins continue to rally and the ‘altseason’ indicator from
Bitcoin (BTC) made traders play a guessing game on Sep. 2 as $50,000 looked increasingly shaky as new support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto seeing “spectacular” September Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it criss-crossed the $50,000 barrier after returning to it for the first time in almost
Signs that an altseason is underway are beginning to increase across the cryptocurrency market after numerous altcoins posted double-digit gains on Aug. 31. Meanwhile, the price of Bitcoin (BTC) continued to face headwinds and the digital asset trades at $47,100. The top altcoin Ether (ETH) looks poised to stage a 40% rally against BTC according
