Last week the cryptocurrency market marked one of the biggest corrections since the beginning of the year. For example, the price of Bitcoin dropped from approximately €54,000 to €39,000 – a price decline of over 27%. Many cryptocurrency users, mainly newcomers, started to panic and wonder if this is a trend reversal that will lead to a new bear...
The positive news in the cryptocurrency market continued to prevail during the first part of the past week. On Tuesday, April 13th, ConsenSys, one of the leading software development companies in the blockchain space, founded by Ethereum’s co-founder Joseph Lubin, announced it had been able to raise $65 million to accelerate the development of D...
The cryptocurrency market has been seeing very positive weeks from a fundamental point of view for a while now. State Street, the second-oldest bank in the United States with over $3 trillion in assets under management, is going to offer trading crypto to its clients later this year, according to Financial Times. Meanwhile, Hong Kong-based techn...
We have just witnessed yet another very positive week for the cryptocurrency market from a fundamental point of view. On March 29th, VISA announced it would use the Ethereum blockchain to allow its customers to settle payments in cryptocurrency. For its cryptocurrency payments, VISA tested USDC – the second-largest stablecoin after USDT. On the ...
This past week the crypto market remained quite volatile and struggled to find direction. As Federal Reserve Chairman Jerome Powell highlighted on March 22nd, crypto assets are still highly volatile and speculative. However, he also underlined that Bitcoin is essentially a potential substitute for gold rather than the dollar. Interestingly, no m...
The expansion of institutional investors in the crypto industry continues. On March 16th, Visa CEO Alfred Kelly said the payment system was trying to “enable the purchase of Bitcoin on VISA credentials” and “working with some Bitcoin wallets to allow Bitcoin to be translated into a fiat currency.” On March 17th, in an internal memo, Morgan Stanl...
Last week the market cap of Bitcoin surpassed $1 trillion once again. The price of the cryptocurrency marked another all-time high at a level of approximately $62,000 per digital coin and intensified the euphoria in the crypto market. According to Bloqport, the crypto trading volume on Korean cryptocurrency exchanges has surpassed the trading vo...
Last week, on Thursday, Bloomberg released their March 2021 report on Bitcoin. In their report, Bloomberg outlined that Bitcoin is already transitioning from a speculative risk asset to a global digital store-of-value. The financial media company highlighted that many investors had started replacing gold with Bitcoin in their portfolios. That is...
Bitcoin's market capitalization has surpassed $1 trillion – a decisive psychological threshold that was unimaginable just 5 or 6 years ago. One of the reasons behind the substantial price increase is the start of the institutional investors' phase – a period when big hedge funds, banks, and investment companies start entering the market. For exa...
On February 8, Tesla announced it had invested $1.5 billion in Bitcoin, thereby converting part of its cash on the company balance into cryptocurrency. Moreover, the electric vehicle company highlighted it would start accepting Bitcoin as payment for its cars. The crypto market reacted immediately to the positive news. The price of Bitcoin surpa...