Bitcoin has taken a substantial step in terms of substituting valuable metal since its recent rise in price, causing the cryptocurrency’s market capitalization to spike, ultimately crossing the 80% of the Silver market cap. According to CompaniesMarketCap provided data, it is, implied that the market cap of Bitcoin currently is at $1.112 trillion. Similarly, the
XRP has been moving with a renewed strength every day and has seen itself breaking into a new high in about three years. The price of Ripple has jumped above the mark of $1.30 for the first time in 3 years (2018). This serves as a notable milestone, and it comes while the market is
South Korean digital asset Kimchi flamed out after its peak shine. Kimchi premium, whose task is to measure BTC price value’s premium in the digital asset exchange market of South Korea, has collapsed. The premium collapsed from 22% to 15% in less than a couple of hours, reported on 7th of April, 2021, and it
Coin Bureau, a well-known cryptocurrency influencer, spoke about what he believes could be one of the most interesting and ‘hot’ cryptos in the entire industry right now. He is referring to the fintech platform Chiliz and its native token CHZ. Chiliz is essentially a fintech platform meant primarily for the sports and entertainment industry. It
Glassnode, an on-chain market intelligence, has issued a new report recently mentioning that Bitcoin (BTC) miners are trying their level best in expanding the Bitcoin (BTC) volume as the data shows that miners have recently mined and added 8,874 newly Bitcoins (BTC). It is observed that minors are more interested in storing the newly mined
Cryptocurrency trading has become a common talk amongst people. The more that people face success due to cryptocurrency trading, the more fame that this field gets. But many people are still not fully aware of cryptocurrency trading fully. They have only heard about it on a surface level. But to truly understand and be a
It is a common observation that the abundance of anything in the market leads to devaluation, but in the case of cryptocurrency, there is scarcity. Scantiness will raise the value as well as the prices of Bitcoin tremendously. Cathie Wood, the CIO, Founder, and CEO of the ARK, discussed Bitcoin (BTC) at large in a
On-chain information from Glassnode reveals that long-term BTC holders are withholding from selling their BTC holdings. The data from Glassnode indicated that the amount of BTC that was seen active last time two years ago has hit a record low of 45.364% on a three-month range. The trend of the data also shows that BTC
