Latest Market News
According to Better Markets, U.S. global banks, including JP Morgan and Wells Fargo, had racked up over $200 billion as fines and penalties in 20 years by December 2020. Charges ranged from money laundering, fraud, and other criminal conducts.
The Bitcoin price has moved in rhythm with the 4 year halving cycles so far and after the previous cycle tops in 2013 and 2017 we now have some additional information to help us with estimating when the cycle top will happen this time around.
TRON founder Justin Sun participated in a recent NFT (non-fungible token) sale held through a collaboration between Nifty Gateway and the Sotheby’s auction house. The sale featured NFTs from a collection called "The Fungible", which was created by digital artist Pak.
Bitcoin saw a turbulent weekend in which the price dropped by over 14% as it slipped from $60,000 to reach as low as $51,310. Luckily, it found support at a .618 Fib Retracement there and rebounded to return to the current $52,700 level.
After a week of great performance, the cryptocurrency markets faced a significant dip over the weekend. Total market capitalization of the crypto market fell by more than 15% and plunged under $2 trillion again. But as the saying goes, there will always be sunshine after the rain and the same principle could be applied to the financial markets – a period of recovery will always follow the dip. The only remaining questions are how long the storm/bearish market will last and which assets will sprout highest when the storm is over. We believe that the coins and tokens from our weekly Top Coins to Watch series are among the top candidates but do make sure to do your own research.
Different exchanges charge their users different fees. Here's an overview of the fee structure for Bittrex, Bibox and Binance.us.
A la the ICO craze of 2017, Bitcoin and other cryptocurrencies are all over the news. Though institutional adoption of Bitcoin has been underway for a while, Bitcoin's skyrocketing price (now hovering around $60K) and the moves made by household names have showered new attention on the fast-growing digital asset space. With exciting altcoin investment opportunities, DeFi, and NFTs rising to the forefront of public attention, it's important to acknowledge that Bitcoin provided the foundation for all of this extraordinary innovation.
Other than Bitcoin, Filecoin (FIL) is one of the top cryptocurrencies right now. As of April 17, 2021, Filecoin is the 13th most valued cryptocurrency globally, with a total market cap of over $11 billion. We'll look at the hype around Filecoin and assess whether the surge in price is really due to the Grayscale effect or other factors at play.
Cryptocurrency asset manager Grayscale has reached a significant milestone, as it now has over $50 billion in assets under management (AUM) across its cryptocurrency investment products. As of April 14, the company had a total of $50.6 billion in AUM.
Considering that Bitcoin is in the middle of its biggest bull run in history, it’s somewhat ironic that the Bitcoin Volatility Index shows that the flagship cryptocurrency is displaying signs of lower volatility over recent months. For the month leading into early April, prices have been held at a relatively steady $55,000-60,000, with the bulls unable to break above the overhead resistance but able to maintain prices above critical support levels. However, it doesn’t seem likely that this sideways trend will continue, given that the metrics indicate exchange supply is on a steady downward trajectory, pointing to a supply squeeze.
