Monday, August 15, 2022

Is The Crypto Market Recovering

Bitcoin Price Hits Fresh Six

CRYPTO CRASH RECOVERY | First Signs of Bitcoin Recovery – Altcoin Market Myths Broken

Tuesday 19 October 2021 11:01 , Anthony Cuthbertson

Bitcoin has hit a fresh six-month price high, reaching $62,944 on Tuesday morning, according to CoinMarketCaps price index.

It has dipped slightly in the last few minutes but anticipation of the bitcoin futures ETF remains high and some analysts are expecting more gains.

Other crypto market experts are warning that the milestone could be a case of the old trading adage buy the rumour, sell the news.

This was the case when El Salvador introduced bitcoin as a legal form of tender in September, though it subsequently rebounded far stronger than the dip.

Bitcoin Now Worlds 13th Largest Currency

Thursday 21 October 2021 13:46 , Anthony Cuthbertson

Bitcoins record-breaking price rally has pushed its market cap ahead of the Swiss Franc, making it the worlds 13th most valuable currency.

Data from CoinMarketCap also ranks Ethereum in the top 25 fiat currencies, just below the Swedish Krona.

With a market cap in excess of $1.2 trillion, bitcoin is also worth more than some of the worlds most valuable companies, including Facebook and Tesla. The overall crypto market is now worth more than Apple the worlds most valuable company at more than $2.5 trillion.

Read the full story here.

Bitcoin Price Bounces Back Above $60000

Thursday 28 October 2021 10:42 , Anthony Cuthbertson

A mini price surge has seen bitcoin return above $60,000, boosting several other leading cryptocurrencies.

Every single one of the top 40 most valuable cryptocurrencies are now in the green over the last 24 hours, according to CoinMarketCaps price index. The crypto market recovery means the price of Ethereum is back above $4,000, while Cardano has returned above the $2 mark.

Dogecoin appears to be putting up a fight against its younger rival, reaching towards $0.30 and closing in on the all-time high market cap of Shiba Inu.

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Should Bitcoin Efts Even Exist

Wednesday 20 October 2021 16:01 , Adam Smith

While the first bitcoin futures exchange trade has excited many, it has its critics, including the Financial Times Robert Armstrong.

Armstrong says that many investors want the cryptocurrency process to operate like a standard financial product. Quoting an unnamed executive in the bitcoin fund industry, he argues that the heart of the matter is that investors pools of capital are in a 401k or brokerage accounts, and the ways to access bitcoin is outside of that system.

Lots of investors want access and dont want to do research into the myriad custodial options, the executive says.

But Armstrong says that bitcoin is not a standard financial product it is supported by complex technology and its source of value is a vehicle for the purest speculation, he writes.

If you cant be bothered to learn the unique subtleties involved in owning this stuff, you cant possibly understand the risks, and so you should not own it at all. Bitcoin ETFs should not exist.

Why Are They Up

Ripple (XRP) Surges Amidst Widespread Crypto Market ...

It’s not clear what has caused Bitcoin’s, and other coins’, spike in value – proving the volatility of digital currencies.

The coins suffered earlier this year after they were hit by other market forces and tougher regulation.

Most recently, stock markets dived as investors sold off a large number of assets in a short amount of time, which affected cryptocurrencies too.

Earlier this year, the Met Police also seized nearly £180million in the largest-ever cryptocurrency raid in the UK.

Meanwhile, the worlds biggest cryptocurrency exchange, Binance, was banned from operating in the UK by the financial watchdog in June.

While Brits can still buy and trade coins on the platform, it means Binance is no longer allowed to “undertake any regulated activity” in the UK.

China is also getting tough on cryptocurrency mining – the energy intensive method of creating new coins.

A number of authorities across the country have ordered crypto-mining projects to close – including the Sichuan province.

Iran has banned the mining of cryptocurrencies including Bitcoin for nearly four months because the country faces major blackouts and mining uses lots of power.

Meanwhile, poster adverts for cryptocurrency platform Luno have been banned for failing to mention the risk of Bitcoin investments.

Also Check: How To Hack Bitcoin Wallet Using Kali Linux

Types Of Crypto Scams

Nowadays, Crypto scams appear in the market in so many patterns. Let us discuss them.

Payment. Someone asking you to pay crypto for any online transaction or service is a scam. As in reality, there is nothing like this. You can only buy and sell it from an exchange platform and through mining. There is no other way.

Fix Profit. Have you ever read about making an investment and getting a specific number of fixed profits? If yes, it is also a scam. As in this market, the prices suddenly rise and fall with a margin of minutes and hours. And if it comes to being stuck, it may take weeks and months to get normal.

SMS/Email. Getting a special SMS and email about crypto is a sign of a scam. Be alert to identify the actual game. Once the money is out of your wallet, it will not come back until you find the person who received it.

Social Media. Social media has an extraordinary influence on our lives. Similarly, the scammers use this medium to fool the traders. They play tricks with the minds of traders and get their information. Even they make them able to open non-secure links to hacking their data.

Blackmailing. Receiving threats to share your data is massive scamming. Assume that someone claims they have your information along with personal pictures, home address, etc. Dont ever agree on any deal with them. Just report at cybersecurity and let them do the rest.

The Ico Scams That The Crypto Market Dealt With After The Bitcoin Crash Didn’t Help Either

The crypto market is also suffering from a major spate of bad press for Initial Coin Offerings. More specifically, it seems like the once-reliable ICO market has become clogged with scams.

Many worthless ICOs that turned out to be scams can be listed by casual investors, simply because they keep making news headlines. It’s bad, and it looks bad.

Sadly, around 80 percent of all ICOs will be scams this year. That number continues to climb, and that’s making a serious dent in the faith people have in crypto.

There have been a lot of cryptocurrencies that have been proven to be scams. Many currencies, including those that seemed totally legit, have been used to raise money for scam artists who would vanish after taking in a million dollars or so.

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Bitcoin Has Recovered Slightly After Losing Almost A Quarter Of Its Value In Little Over 24 Hours

Bitcoin has recovered slightly after losing almost a quarter of its value in little over 24 hours, and is currently hovering around $40,000 .

The worlds largest cryptocurrency was standing at $45,500 on Tuesday, but tumbled below $35,000 yesterday.

Other cryptocurrencies followed suit, with Ethereum and Dogecoin also losing more than a fifth of their value.

The last two weeks have brought the crypto market back to earth after a roaring start to 2021.

Bitcoin is still worth four times what it was at this time last year, but the crash which has been caused by a Chinese crackdown on cryptocurrency has some market analysts and investors concerned.

Mastercard Embraces Bitcoin And Crypto With New Partnership

Crypto Market Recovery!? HUGE NEWS & WHALES MOVES

Tuesday 26 October 2021 10:22 , Anthony Cuthbertson

Mastercard has partnered with digital assets firm Bakkt to allow any bank or merchant on its network to embed bitcoin and other cryptocurrencies into their products.

The payments giant has previously described cryptocurrencies as an important part of the payments world, with previous announcements about incorporating them into its network often preceding a market rally.

The partnership with Bakkt will allow banks, fintechs or merchants to introduce the option for customers to buy, see and hold cryptocurrency, as well as earn reward in crypto.

Our partnership with is making it easier for #merchants, #fintechs and #banks in the U.S. to embrace a broad set of #crypto solutions and services

Mastercard News

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Chinas Latest Comments Led To A Market Dip

The Chinese government has always attacked Bitcoin and other cryptocurrencies. The government has never made it a secret that they disliked cryptocurrencies and are determined to root it out in the country.

The authorities came out again to speak out against cryptocurrency mining and blast Bitcoin. Chinas state planner, the National Development and Reform Commission , said during a press conference Tuesday that it will continue to clean up virtual currency mining in the country. The agencys spokesperson Meng Wei blasted Bitcoin mining, stating that it consumes a lot of energy and generates a lot of carbon emissions. As a result, the NDRC is set to launch a full-scale clampdown on crypto mining in China and intends to eliminate the activity entirely.

Chinas latest comments on Bitcoin mining led to the broader crypto market embarking on a bearish run. Bitcoin lost more than 10% of its value earlier today and dropped below the $60k mark for the first time in weeks. The other leading altcoins, including Ether, Binance Coin, Cardano, Solana, Polkadot, XRP and Dogecoin, all lost more than 7% of their values. The total cryptocurrency market cap also dropped to $2.6 trillion after reaching the $3 trillion mark last week.

Bitcoin Price Reaching $50k For The First Time Since May

The crypto market seems like its recovering after 3-month bear phase. Now, the price of Bitcoin is close to hitting $50,000 for the first time in 3 months, as the crypto markets continue to recover after their recent turbulence since April. The same goes with the second most popular digital currency Ethereum, where its price rebounds to $3,000 for the first time since May. Are these signs that the crypto market have recovered? Are Bitcoin and Ethereum set for a new All-Time High anytime soon?

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Portal In Partnership With Polygon To Promote Defi On Bitcoin

Cryptocurrency Market Oct 25 by cryptonew: Bitcoin price has extended its downward correction below the USD 62,500 support area. BTC tested the $ 60,000 zone and at 04:25 UTC, BTC was back above $ 62,000. A closing price above $ 63,000 is required to start a new short term rally.

Also, most of the big altcoins consolidate losses. ETH rose below $ 4,000 but the decline has been limited and the price is back above that level. XRP faces a tough task near $ 1.12 and $ 1.15. ADA is trading in a range below the $ 2.20 resistance area.

Q3 Saw Significant Crypto Market Recovery From May Crash Says New Report

Crypto Market Update: Recovery From Friday, What Next ...

Despite anti-crypto regulatory policies, the cryptocurrency market made steady gains throughout Q3 2021.

Cryptocurrency data aggregator CoinGecko has released its Q3 2021 report showing massive gains across several crypto market sectors.

Following the May market crash, Q3 began on a low ebb for the crypto space, with market capitalization dipping even further in late July below the $1.2 trillion, less than half of the $2.5 trillion all-time high recorded only two months prior.

However, market capitalization did recover in Q3, rising as high as $2.3 trillion in early September.

According to the CoinGecko report, Bitcoin , gaming coins, and nonfungible tokens dominated the crypto market space in Q3.

Bitcoin recorded a 25% increase between Q2 and Q3 and has continued on this upward trajectory, even reaching $60,000 for the first time in five months.

The networks hash rate also experienced a resurgence in Q3, indicating a recovery from Chinas sweeping crackdown that forced miners to relocate overseas.

Gaming tokens like Axie Infinity , Illuvium , and Gala , as well as the NFT space in general, recorded massive gains in Q3 as well.

AXS, in particular returned almost 1,000% quarter-on-quarter gains, with its 2021 performance topping 13,700%.

In terms of NFT trading volume, OpenSea continued its dominance of the market segment. Indeed, OpenSea and Rarible recorded a total trading volume of about $6.8 billion in Q3, according to the CoinGecko report.

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Crypto Market Recovering From Evergrande Scare

The fate of the real estate giant remains unclear as investors worry the company could be allowed to fail due to political anti-trust fervor

When news first broke about the Evergrande debt crisis, it was being compared to the Lehman Brothers collapse. But its not quite as bad, manageable even, according to billionaire investor and Bridgewater founder Ray Dalio during a CNBC interview Tuesday.

But things still dont look great for Evergrande, the China-based real estate developer whose $305 billion in liabilities make it the most indebted company in the world. As stock markets took a tumble on Monday, the cryptocurrency market followed.

The Peoples Bank of China injected $18.6 billion, in the form of reverse purchase agreements, to ease the impact of the Evergrande crisis. Mitul Kotecha, chief emerging-market Asia and Europe strategist at TD Ameritrade, called it a sign that the bank wants to keep stable liquidity.

But so far, theres been on sign of a bailout for Evergrande itself.

In a market update to investors, Singapore-based QCP Capital said it does expect to see some government intervention to help keep Evergrande afloat. But thats not guaranteed, they wrote, alluding to President Xi Jinpings previous statements about focusing on antitrust during 2021.

What Has Tesla Done With Its Bitcoin Holding

Meanwhile, its worth remembering Tesla is still in possession of its Bitcoin holdings, despite its environmental concerns, as confirmed by Elon Musk on Twitter.

In response to criticism of Bitcoins drop in price, Musk said: To clarify speculation, Tesla has not sold any Bitcoin.

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Will Crypto Recover Not This Week

As mentioned above, weve already seen some incremental gains in the crypto markets. More likely than not, thats just from retail investors buying the dip. But Friday, September 24 is a big day for Bitcoin. Thats because there are more than $3.4 billion of Bitcoin options expiring that day One of the largest options expiries of the year. This is according to crypto analytics website, Skew.

For the uninitiated, Bitcoin options contracts allow investors to buy or sell crypto at a pre-specified price by a set date. And again, the big date is this Friday. This is expected to trigger a whole lot of volatility in the crypto markets. And its worth noting that there is more interest in calls than puts. This signals that most investors are bullish on Bitcoin. However, the price crashes earlier in the week are likely to mean that a lot of those call contracts will expire worthless. And that could sink Bitcoins price even lower than its been recently.

So, for investors looking to buy the real dip, it makes sense to see what prices do going into the weekend. We could see one of the best buying opportunities of the year over the weekend. That being said, if prices fall below the $40,000 mark, it could cause a further sell-off. So be patient. We might not see the end of these price dips for another week if negative sentiment catches on. But regardless, it will only be a matter of time before buyers cant resist the discounted prices.

Crypto Is At The Mercy Of A Rather Bizarre Combination Of Market Forces

STRONGEST Crypto Market Recovery Coming? Crypto News (Should you Invest now?)

Indeed, media narratives do play an incredibly important role in crypto markets, particularly at a moment when so many investors are entering crypto markets for the first time.

Earlier this week, Blockstream CSO Samson Mow pointed out to Finance Magnates that while the negative news coming from China and Tesla had a significant negative effect on crypto markets, both pieces of news were reiterations of two narratives that have been at play in crypto for years: that China is cracking down on crypto markets, and that Bitcoin has a serious environmental problem.

But, the media narratives around cryptocurrency markets are not the only factors that influence prices.By historic standards, the crypto marketplace is subject to a rather bizarre combination of market forces, Eaton-Cardone told Finance Magnates.

For example, while the announcement that Tesla would no longer be accepting BTC was significant, Mr. Musk has moved crypto markets with much less: If Elon Musk had Tweeted about the US bond market, thered be virtually zero reaction from investors. No impact at all, she said.

We should remember that Elon is a #Bitcoin noob making all the same noob mistakes.

Max Keiser May 26, 2021

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Breaking: Solana Price Hits New All

Monday 25 October 2021 17:39 , Anthony Cuthbertson

Amid a resurgent crypto market, Solana has just hit a new all-time price high.

The cryptocurrency reached above $2.18 on Monday afternoon, according to CoinMarketCaps price index, pushing its market cap above $65 billion. Its total gains for 2021 now top 12,000 per cent.

Solanas founders claim its real competition is financial markets, rather than just other cryptocurrencies.

Literally the goal of Solana is to carry transactions as fast as news travels around the world so speed of light through fibre. Who were competing with is Nasdaq and the New York Stock Exchange, Solana Labs CEO Anatoly Yakovenko said last month.

You can read all about Solana and its astonishing rise right here.

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