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Who ISN’T Dabbling as Bitcoin Passes $52K, Ether Tops $1,900
- February 18, 2021
- Posted by: admin
- Category: Market News
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Price Point Bitcoin (BTC) was lower after surging on Wednesday to a new all-time high price above $52,000, while ether (ETH) topped $1,900 for the first time, pushing toward the psychologically crucial $2,000 mark. “My sense is the technology has evolved and the regulations have evolved to the point where a number of people find it
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Ether Looks Overleveraged as Cryptocurrency Hits New High Over $1,900
- February 18, 2021
- Posted by: admin
- Category: Market News
Ether soared to new record highs Thursday, but an overheated derivatives market may suggest higher volatility is on the way for the short term. The second-largest cryptocurrency by market value set the new lifetime high of $1,928 soon before press time, having first breached the previous peak of $1,821.49 reached on Feb. 13 early today,
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Market Wrap: Bitcoin Rallies On After Passing $50K Psychological Level to $52K
- February 17, 2021
- Posted by: admin
- Category: Market News
Bitcoin broke above $52,000 Wednesday, with a market capitalization nearing $1 trillion. Bitcoin (BTC) trading around $52,231.69 as of 21:00 UTC (4 p.m. ET). Gaining 7.16% over the previous 24 hours. Bitcoin’s 24-hour range: $48,430.80-$52,536.47 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians.
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Ajit Tripathi: How to Bring Off-Chain Assets to DeFi
- February 17, 2021
- Posted by: admin
- Category: Market News
The recent GameStop short squeeze has brought decentralized finance (DeFi) into mainstream public consciousness. Well-known crypto influencers such as Caitlin Long have espoused decentralized exchanges as an alternative to traditional clearing and settlement infrastructure. Others, including me, have suggested that decentralized credit markets can reduce systemic risk by enhancing financial market transparency. Ajit Tripathi, a
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Bitcoin Poised for Short-Term Gains Past $51K as MicroStrategy Upsizes Debt Deal
- February 17, 2021
- Posted by: admin
- Category: Market News
Bitcoin’s rally could continue in the short term, analysts and traders said, after the largest cryptocurrency by market cap surged on Wednesday to a new all-time-high price above $51,000. At press time, bitcoin’s price is above 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market technicians. “On the hourly time
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Bitwise Launches DeFi Crypto Index Fund
- February 17, 2021
- Posted by: admin
- Category: Market News
Bitwise Asset Management on Wednesday launched a decentralized finance (DeFi) index fund, hoping to capture deep-pocketed investors’ bets on the corner of the crypto markets challenging traditional financial rails. At launch, the fund’s top holdings include tokens backing an Ethereum-based lending protocol and a decentralized exchange – AAVE and UNI – which each carry an
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Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan Says
- February 17, 2021
- Posted by: admin
- Category: Market News
Bitcoin’s price volatility needs to subside for the cryptocurrency to continue its stellar rally, according to analysts at investment banking giant JPMorgan. In a note on Tuesday reported by Reuters, the analysts drew attention to bitcoin‘s high volatility relative to gold, the classic inflation hedge, as an obstacle to significant gains beyond current levels around
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What’s Next After Bitcoin Hits $50K? Another $1K Gain
- February 17, 2021
- Posted by: admin
- Category: Market News
Bitcoin’s momentum carried through overnight, pushing upward to a new all-time high above $51,000 just a day after passing $50,000 for the first time. “It’s not exactly soaring, as it has with other major technical breakouts, but another 3% gain isn’t to be sniffed at,” Craig Erlam, senior market analyst for the foreign exchange broker
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Bitcoin Hits New High Above $51K, Shrugging Off Rising Bond Yields
- February 17, 2021
- Posted by: admin
- Category: Market News
Bitcoin’s dizzying bull run is showing no signs of slowing down despite an uptick in U.S. government bond yields. The cryptocurrency market leader set a new lifetime high of $51,348 early Wednesday, having penetrated the psychological level of $50,000 on Tuesday for the first time, according to CoinDesk 20 data. Prices have risen by 53%
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Market Wrap: Bitcoin Remains Around $48.5K Amid Flat Trading Activity
- February 16, 2021
- Posted by: admin
- Category: Market News
Bitcoin faced choppy markets for most of Tuesday after briefly trading above $50,000 for the first time during early U.S. trading hours. With some remaining bullish, other analysts and traders warned about near-term price correction. Bitcoin (BTC) trading around 48,810.95 as of 21:00 UTC (4 p.m. ET). Gaining 0.39% over the previous 24 hours. Bitcoin’s
