Bitcoin broke through the mythical $100k barrier last night. The reason for the sudden increase was the positivism in the market (the Trump victory and the launch of the Bitcoin ETFs earlier this year) as well as comments from Federal Reserve Chairman Jay Powell who responded to a question from the New York Times about […]
The price of Bitcoin has been dropping (just like at the beginning of last week) in the first half of the working week. This time, the main reason is that investors fear a drop of the price because the US government (during the last month of Joe Biden’s presidency) is trying to quickly cash in […]
Altcoin season is the period when altcoins traditionally outperform Bitcoin in terms of price growth. The official definition is that three-quarters of 50 of the largest altcoins must outperform Bitcoin over the last three months. Since the beginning of September, Bitcoin has added about 70% to its price. Many altcoins however did much better. Lagging […]
XRP broke through the $2 level this weekend and has been the undisputed winner in recent weeks ever since the announced departure of Gary Gensler, the head of the SEC who filed a lawsuit against Ripple Labs. In the past month alone, XRP won well over 300%. Although the growth of Bitcoin and the overall […]
Thanks to their fabulous marketing machine called Justin Sun, cryptocurrency Tron is one of the rising stars of 2024. With steady growth, Tron has firmly taken its place in the top 15 of CoinMarketCap. Thanks to a financial injection of 30 million dollars into the Trump family’s new crypto platform, CEO Justin Sun is (probably) […]
Bitcoin continues to find it impossible to break through the mythical $100k barrier apparently. Within the top twenty of CoinMarketCap, it is noticeable that the ‘American’ coins XRP, ADA and Stellar (after a small correction on Monday which mainly affected the latter two) are closing out another fantastic week. The rise of XRP in the last month […]
In each of the three largest economies in the world, there is now a stock-quoted company that has a very simple business plan: buy as much Bitcoin as possible. In the United States it is Michael Saylor’s MicroStrategy, in Japan it is MetaPlanet and in China they now have cloud-computing company SOS Ltd (which is […]
Although Toncoin, the official cryptocurrency of the social media channel Telegram, has increased by about 20% in the last seven days (the cryptosphere profited from a ‘bounce’ yesterday just as Bitcoin found strong support at the $93,000 level), it still seems to me that this one is the big loser of this crypto bull run. […]
Ever since this weekend, Bitcoin has been trending lower (and dragging the rest of the major crypto coins down with it). Yesterday I briefly saw $91k in the afternoon and at the time of writing the largest digital currency is trading around $93,300. Analysis Is this the start of the dreaded ‘Blow-Off top’ or are […]
This past weekend, some crypto commentators didn’t seem to understand why XRP (published by Ripple Labs), XLM (developed by Jed McCaleb) and ADA (founded by Charles Hoskinson) were the major winners in the CoinMarketCap top 20 over the past few days. However, you don’t have to look far to find the reason for this. Speculation […]
