Best Crypto Traders Official

2021-09-10 22:34:48 BTC: $45794.03 (-2.79%)
ETH: $3315.39 (-6.62%)
XRP: $1.0809 (-3.09%)

Evening News Review - 10 September

Bitcoin price risks losing weekly uptrend as NFT launch sends Tezos (XTZ) to 3-month highs.
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading at around $46,000 Friday after rejecting near $47,450 the day before.
That level marks the lower bound of Bitcoin’s uptrend on the weekly chart, one that has continued since mid-July.
Now, BTC/USD needs to reclaim it, trader and analyst Rekt Capital said, in order to preserve that trend.

The governor of Sweden’s central bank, the Sveriges Riksbank, has dismissed Bitcoin (BTC) as an altogether far-fetched alternative to government-backed fiat currencies.
Speaking at a banking conference in Stockholm, Sveriges Riksbank governor Stefan Ingves argued, “Private money usually collapses sooner or later.” In a further disparaging remark, he claimed, “Sure, you can get rich by trading in bitcoin, but it’s comparable to trading in stamps.”

The governor of the Bank of Mexico, Alejandro Díaz de León, dismissed Bitcoin’s (BTC) position as a reliable legal tender, citing price volatility as a major roadblock toward full-fledged adoption.
Díaz de León said in a Reuters interview that Bitcoin’s position in today’s financial system resembles “a dimension of precious metals” when compared to the central bank’s fiat money.

US crypto exchange CrossTower expands to India.
CrossTower is betting on the growing crypto market in India despite uncertainty over the legal status of Bitcoin in the country. With $7.6 million in daily trading at the time of writing, CrossTower expects its Indian exchange to contribute to its plans to expand further across the world.
“India will play a pivotal role and we plan to use the country as a hub to expand into other geographies”, CrossTower co-founder and CEO Kapil Rathi said. Open / Comment

2021-07-30 10:49:56 ​​ETH: $2,397.77 (+4.21%)

Today Ethereum is 6 years old

On 30 July 2015, the network went live. Ethereum, decentralized, open-source blockchain with smart contract functionality, has become the basis for the work of many other projects. Open / Comment

2021-07-29 09:27:21 ​​ Coca-Cola officially gets into NFTs for charity

Coca-Cola is planning to release a collection of nonfungible tokens to raise money for Special Olympics International.

The OpenSea marketplace will be holding a three-day auction for Coca-Cola branded nonfungible tokens, or NFTs, starting on July 30.

The NFT collections, created in partnership with digital designer Tafi, were “inspired by video-game loot boxes” and contain “hidden surprises” available only to those who purchase the artwork.

The “Friendship Boxes” feature a classic Coca-Cola cooler, a wearable bubble jacket which can be used in the Ethereum-based virtual reality world Decentraland, a friendship card, and a sound visualizer which plays audio of a bottle opening, a beverage being poured over ice, and the fizz sound common to carbonated beverages. Open / Comment

2021-07-28 09:50:00 ​​BTC: $39,456.77 (+6.24%)
ETH: $2,262.02 (+2.96%)

ETH's trading volume grew much faster than BTC’s in first half of 2021

Ethereum’s trading volume grew faster than Bitcoin’s in the first half of this year according to a new report from leading U.S. crypto exchange Coinbase.

Taking data from twenty exchanges across the globe, the report revealed that the trading volume for Bitcoin reached $2.1 trillion for the period, up 489% from $356 billion over the first half of last year.
Ethereum’s total trading volume reached $1.4 trillion, but its growth was much faster, up 1,461% from $92 billion in the first half of 2020.

The research also measured total crypto market capitalization, which began the year at $769 billion, peaked at $2.4 trillion in May, and ended the period at $1.4 trillion, registering a net gain of 86% year to date.

Coinbase attributed a number of factors to this including increased usage in DeFi, investor optimism in the transition to proof-of-stake, and the rise of layer-two scaling solutions for the network.

More information is here Open / Comment

2021-07-27 12:55:08 about investments, business, startups and cryptocurrency


headlines? Open / Comment

2021-07-27 09:49:38 ​​BTC: $37,139.53 (-4.35%)

Amazon denies rumored plans for Bitcoin support

Amazon has refuted recent speculation it may be readying to support Bitcoin payments, asserting it currently has no plans for BTC.

According to a Reuters report on July 27 citing a spokesperson from the firm, Amazon remains interested in the crypto industry but has no specific plans to onboard digital assets for payments just yet:

“Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true.”

However, the spokesperson did not deny that Amazon is researching crypto payments, adding: “We remain focused on exploring what this could look like for customers shopping on Amazon.”

Chinese crypto media outlet, Wu Blockchain, attributed Amazon’s rumored plans to Monday’s surging market action — during which Bitcoin gained roughly 15% in less than three hours amid a violent squeeze that drove more than $110 million in liquidations. In a July 26 tweet, Wu stated:

“Bitcoin rose by 12% in one hour, leading the increase. Because [the] Chinese have just gotten up. It is obvious that the price of Bitcoin has started to rise after this rumor about Amazon spread in the Chinese community.” Open / Comment

2021-07-23 09:50:25 ​​BTC: $31,804.09 (-0.43%)

Gallup Poll: Number of investors owning Bitcoin has tripled since 2018

A recent survey has revealed Bitcoin has gained traction with younger U.S. investors in terms of awareness, interest, and ownership over the past three years.

The study revealed that the number of investors in the U.S. holding BTC has jumped from 2% in 2018, to 6% as of June 2021. The research defines “investors” as adults with $10,000 or more invested in stocks, bonds, or mutual funds.

It also reported that Bitcoin ownership among investors surveyed aged under 50 has more than trebled over the past three years to 13% from 3% in 2018. Unsurprisingly, it revealed ownership was much lower at just 3% for the over 50s group of investors, though this has also increased three-fold from 1% in 2018.

Other findings reveal that the risk perception associated with Bitcoin has declined over the three-year period. Nearly all investors surveyed perceived BTC to be a risky investment, however, the percentage calling it “very risky” has declined from 75% to 60%. Most of the remaining 35% now consider it to be “somewhat risky,” while just 5% think it carries no risks. Open / Comment

2021-07-20 09:37:41 ​​BTC: $29,725.25 (-6.53%)

Bitcoin drops below $30K for first time in 4 weeks

Bitcoin has been locked in the broad price range of $30,000 to $40,000 since mid-May, and briefly broke below the $30,000 mark on June 22. The cryptocurrency fleetingly traded at $29,700 a day after the People’s Bank of China ordered the country’s major financial institutions to stop facilitating crypto transactions.

Despite Bitcoin crashing below $30,000 for the first time in one month, on-chain metrics suggest whales may be steadily accumulating BTC.

According to Glassnode’s July 19 “The Week On-Chain” report, the Bitcoin reserves of centralized exchanges have continued to evaporate despite the recently sustained bearish momentum, with an average of 36,000 Bitcoin (worth roughly $1 billion) being withdrawn from exchanges monthly.

Glassnode also identified a recent increase in the number of entities hodling Bitcoin since May, increasing from roughly 250,000 to nearly 300,000 today. Glassnode describes “an entity” as a unique on-chain cluster of associated addresses. Open / Comment

2021-07-19 10:17:46 ​​ Top 5 cryptocurrencies to watch this week

Bitcoin (BTC) bulls have successfully defended the $30,000 level in the past few days but the failure to achieve a strong rebound has some traders worried that the price will eventually dip to new lows.

In a series of tweets, Ecoinometrics said that the current correction “looks very similar to 2013” when Bitcoin took 197 days to rise to a new all-time high and a bottom formed after a 69% correction from the all-time high.

If history repeats itself, then traders may need to be patient because the current correction has only been in play for 95 days.

Let’s study the charts of the top-5 cryptocurrencies that may outperform in the short term.

Bitcoin-BTC
Polygon-MATIC
THETA
CRO
Unus Sed Leo-LEO

Why these coins? The answer is here Open / Comment

2021-07-16 09:57:15 Morning news — 16.07.2021

Binance continues facing regulatory pressure. This time, the platform was accused of operating without permission on the territory of Malta and Italy.

Twitter founder Jack Dorsey's Square company will create a crypto platform for developers. The platform will be focused on the development of financial services based on bitcoin.

The PayPal payment platform has increased the limit on the purchase of cryptocurrency to $100 thousand per week. Open / Comment