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Increasing stock market volatility drags Bitcoin and altcoin prices lower The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond.  Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before buying at the key support returned to help the digital asset recover back above $46,500 but generally, analysts are looking for $50,000 to become an established support before expecting bullish continuation. BTC/USDT 4-hour chart. Source: TradingView Despite major BTC purchases by MicroStrategy, Tesla and MassMutual, a majority of institutional investors still have security and tax treatment concerns that prevent them from investing in Bitcoin, according to Galaxy Digital co-president Damien Vanderwilt. Institutional investment has been a significant source of optimism in the

Bitcoin price ‘macro top’? Not so fast — data shows the real FOMO isn’t even here Bitcoin (BTC) bears thinking that $58,000 was this cycle’s top will be sorely disappointed, fresh investment data from past bull markets shows. Compiled by on-chain analytics resource Whalemap, statistics covering BTC buys of between $5 million and $7 million conclude that even at recent all-time highs, Bitcoin was far from a “macro top.” “No FOMO in sight” for BTC During the 2017 and shorter 2019 bull market, Bitcoin saw mass buy-ins of a similar size — $5-7 million.  When investments of that amount hit a peak, price action began to reverse, signalling the start of consolidation or a heavier retracement.  According to Whalemap, cash injections in that area have been far from their previous peaks this year, indicating that the current correction will likely be temporary and on par with BTC’s typical corrections during a bull run. “Previous macro tops have occurred when thousands of transactions wo

Why is Bitcoin $86K in Nigeria? Here’s why the BTC premium is huge in some countries Since the start of 2021, Bitcoin (BTC) price has been chasing new highs on a weekly and daily basis. On Feb. 21, BTC reached a new all-time high at $58,300. However, an interesting phenomenon is that even with many global cryptocurrency exchanges in existence, BTC’s price can still vary greatly depending on geography. This raises an intriguing question. How can Bitcoin price simultaneously trade at $53,047 in Malaysia, $49,727 in Singapore, $51,133 in India, and over $86,000 in Nigeria? Is the reason simply a temporary imbalance between buyers and sellers, taxes, regulations? Or is there something else at play? As shown in the chart below, there really isn’t a set price for BTC as nearly every country has its own digital asset valuation. Bitcoin price premiums. Source: bitcoinpricemap.com At any given time, cryptocurrency prices will differ between countries, even after adjusting the currency ra

6M noobs have bought coins on Robinhood Crypto already in 2021 Retail-focused trading app Robinhood has revealed the number of new monthly customers buying from its crypto platform this year is 15 times the 2020 average. According to the company’s new report, “Crypto Goes Mainstream,”more than three million new users purchased from Robinhood Crypto in January, with more than 2.9 million new users having bought crypto during February so far. As such, Robinhood Crypto’s user base has expanded by 6 million in 2021 so far. By contrast, the platform revealed the largest number of new users transacting on Robinhood Crypto last year was 401,000 in July — when trade activity surged in the lead-up to Bitcoin’s third block reward halving. The average number of monthly new crypto traders on Robinhood was roughly 200,000 last year. The report also notes an average transaction size of roughly $500 on the platform, an 100% increase when compared to the first three quarters of 2020. The report c

Altcoins bounce to new highs as Bitcoin price trades sideways under $50K The cryptocurrency market recovered some of the losses from the past couple of days on Feb. 25 as Bitcoin (BTC) briefly pushed back above the $50,000 level and multiple altcoins have seen double-digit price gains.  Data from Cointelegraph Markets and TradingView shows that Bitcoin bounced off a low of $45,200 late on Feb. 24 before rallying 15% to $52,000 in the morning trading session. BTC/USDT 4-hour chart. Source: TradingView While the rebound in the cryptocurrency market is a welcome sight for bullish investors, Bitcoin price is still finding resistance above $50,000, and this level has yet to be confirmed as support. Economists have also begun to worry about the rising Treasury yields, which are usually a signal of weakness for the economy and can have a large impact across many markets. Catalysts for a $100,000 Bitcoin Now that Bitcoin has entered a slight corrective phase, analysts are debating whe

Amazon, IBM, JP Morgan, Microsoft, and R3 Corda: The State of Enterprise Blockchain What is the state of Enterprise Blockchain? Are we advancing? Are we stalled? Why? This article examines the state of the industry; this is not intended to be a comprehensive review, rather, the goal is to focus on the primary market participants. With this report-out for context, it then posits a platform strategy for industry success based on my multi-decade experience building platforms (SOA, .NET architecture, Azure incubation etc.) and tools (Visual Studio .NET/Fx, patterns & practices etc.). First, let us review what today’s prototypical enterprise IT customer has been accustomed to expecting from an enterprise blockchain product line. The kernel of an enterprise blockchain product is expected to enable a cryptographically trusted ledger of corporate data; this data is shared across a network of entities; multiple parties are able to securely access this data in real-time, with constraint

What Bitcoin price levels will invalidate the short-term bearish scenario? The price of Bitcoin (BTC) is continuing to range between $48,000 and $51,000, unable to break out of the $51,600 resistance level. If Bitcoin struggles to surpass the $51,600 resistance area in the near term, technical analysts say the probability of a correction rises. BTC/USDT 4-hour price chart (Binance). Source: TradingView $51,600 is the key level to watch According to Josh Olszewicz, a cryptocurrency trader and technical analyst, the $51,600 level is currently acting as a strong resistance level. For Bitcoin to retest the all-time high at $58,000 and initiate a potential rally towards $62,000, it needs to cleanly move past $51,600, he explained.  Hence, a rally beyond $51,600 is the clear invalidation point for any short-term bearish scenario for Bitcoin. The failure to break out in the near term could result in a bearish test of lower support areas, found at around $42,000. He said: “If 4h bre

Traders remain bullish even as DeFi’s TVL falls to $54.4 billion Decentralized finance and the numerous platforms offering investment services have been the talk of the cryptocurrency sector for several months, and this has resulted in investors capturing spectacular gains for some of the top DeFi tokens like Uniswap’s UNI and AAVE.  The fast-moving prices and 1,000% annual percentage yield on staked tokens elicited cheers from investors when the market was going up, but the recent selling pressure seen as Bitcoin’s (BTC) price dropped below $45,000 shows that the highest fliers are often the quickest to fall as traders rush to exit their positions and lock in their gains. Daily cryptocurrency market performance. Source: Coin360 On Feb. 22, Bitcoin’s price entered a sharp corrective phase that saw the top digital asset pull back by more than 20% from its all-time high of $58,274. As this occurred, the majority of altcoins also saw double-digit corrections, and DeFi tokens like Pa

Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade Over the past few weeks, the price of Golem’s GLM network token saw a strong rally that pushed the token to a three-year high at $0.65.  The altcoin also underwent a strong pump on Feb. 19, but most of the gains evaporated as Bitcoin (BTC) corrected below $45,000 during the past three days. Nevertheless, GLM still holds a 230% gain in February alone. Golem is an Ethereum-based decentralized application that enables users to rent out computing power resources. Since November 2020, the project has been migrating from GNT to GLM tokens after deploying a new ERC-20 contract. Although most exchanges supported the move, it is still possible to find GNT activity and listings. Golem provides an open-source cloud processing framework for both application registries and transactions. Thus, anyone can share and aggregate computing resources, as well as create applications using the network. Ultimately, the solution ai

Sam Bankman-Fried: The crypto whale who wants to give billions away Title: Sam Bankman-Fried: The crypto whale who wants to give billions away Sourced From: cointelegraph.com/magazine/2021/02/24/sam-bankman-fried-the-crypto-whale-who-wants-to-give-billions-away Published Date: Wed, 24 Feb 2021 15:04:45 +0000 Share on Twitter Share on Facebook Share on LinkedIn Share on Reddit Share on Pinterest 2021's Most Anticipated Growth & Wealth-Building Opportunity Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together CLAIM YOUR SEAT! Sam Bankman-Fried: The crypto whale who wants to give billions away

Bitcoin price retakes $50K as investor voices relief at ‘healthy correction’ Bitcoin (BTC) hit back to reclaim $50,000 on Feb. 24 amid fresh bullish comments from major investors. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price exits $40,000 range Data from Cointelegraph Markets and TradingView tracked a 14% rise from Tuesday’s lows over the past 24 hours, Bitcoin posting local highs of $51,278 on Bitstamp. At the time of writing, $50,000 was forming a price focus with bulls still to take charge to dictate new support levels.  After its 20% decline from all-time highs this week, Bitcoin’s almost instant renaissance accompanied votes of confidence from various investment sources. Among them was Ark Investment Management founder, CEO and CIO Cathie Wood, who said that the retracement was a “healthy” sign given months of near-vertical upside. Speaking to Bloomberg, she said that was “very positive on Bitcoin, very happy to see a healthy correction here.” T

Charles Hoskinson Reveals Significant Updates for Cardano (ADA) as Price Attempts Recovery The decentralized open-source project running a public blockchain platform for smart contracts, Cardano, plans to implement several significant upgrades in the upcoming few months. During a recent interview, the project’s founder, Charles Hoskinson, also noted that Cardano has been negotiating potential partnerships with many industry names such as Celsius, Fireblocks, and Prime Trust. Significant Updates Coming for Cardano The 33-year-old co-founder of Ethereum spoke about his current project’s upcoming plans during an interview with the Financial Fox. Although he failed to provide more precise information on what’s coming, he said that the network will see many “smart contract stuff” in the next up to three months. Simultaneously, the research arm of the Cardano Foundation is working on several new implementations: “We are going to be announcing several new things like a smart contract ins

Bitcoin Investors With Less Money Than Elon Musk Should ‘Watch Out’ Said Bill Gates Bill Gates is not bullish on bitcoin because of the massive energy the cryptocurrency uses. The billionaire philanthropist said that during a recent interview and also warned people who have less money than Elon Musk to be wary of potential financial losses if invested in BTC. Gates on Musk and BTC Ever since news broke that Elon Musk’s electric vehicle and clean energy company, Tesla, had allocated $1.5 billion in bitcoin, speculations have run rampant within and outside the community about the firm’s potential gains from this investment. As BTC’s price has increased substantially since January, when the purchase was made, numerous media outlets, including traditional representatives, breached the angle that Tesla can make more profits with the crypto investment rather than with its actual sale of vehicles. Microsoft co-founder Bill Gates also received this question during a recent Bloomberg inter

Buy a Business or Grow a Business in 2021? Freedom Factory Discusses the Options Entrepreneurs often seek new challenges and sometimes take on more than they are capable. In this podcast from Tyler Tysdal’s Freedom Factory, his business partner Robert Hirsch discusses the options entrepreneurs have based on how their own strengths factor into the decision. Tyler Tysdal’s Podcasts Should You Buy a Business or Grow a Business? Subscribe to the podcast Videos from Freedom Factory About Freedom Factory Freedom Factory has experienced and witnessed the explosive results of entrepreneurs aligning passion and purpose to create extraordinary value. However, most entrepreneurs have no idea how to maximize the value of their business and move on to the next chapter of their lives. That’s where Tyler Tysdal and Freedom Factory can help. Freedom Factory® has radically disrupted the way high-growth, lifestyle companies are bought and sold, which historically was a horribly inefficient mar