Ethereum and Litecoin Could See Slight Correction Before Continuing Bull Run

Ethereum and Litecoin Could See Slight Correction Before Continuing Bull Run

Ethereum’s price has seen a considerable climb so far in 2021, following the lead of Bitcoin (BTC). Ethereum has recently broken past the $1,100 level, taking ETH closer to its all-time high price. Ethereum (ETH) is currently trading at $1,107 at the time of writing, up by over 7 percent in the past 24 hours. In the past week, Ethereum has surged by over 50%. Ethereum’s all time high price was at over $1,440 in 2018, almost three years ago. The altcoin market capitalization is still currently bullish, according to cryptocurrency trader Michael van de Poppe. He added: “The #altcoin market

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Bitcoin’s Liquidity is Vanishing From Exchanges and Supply Crisis is Near, Bullish for BTC Price

Bitcoin’s Liquidity is Vanishing From Exchanges and Supply Crisis is Near, Bullish for BTC Price

Bitcoin has seen multiple incredible rallies this year, recording new all-time highs. Bitcoin’s price has reached its all-time high of over $24,100 earlier last week, and has since consolidated. Bitcoin’s price plunged over 4.4% in the past 24 hours, slumping to $22,802, however, it has stayed well above its strong support level of $20,000. Although Bitcoin’s price has retraced, MicroStrategy also recently announced that it has purchased more Bitcoin, this time—$650 million in BTC. MicroStrategy now owns more Bitcoin than the United States government, making it the fifth-largest holder of BTC. As MicroStrategy has hoarded more Bitcoin, the CTO of Glassnode, Rafael Schultze-Kraft noted

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Bitcoin Whales Return To Exchanges Stifling BTC Relief Price Rally Above $19,500

Bitcoin Whales Return To Exchanges Stifling BTC Relief Price Rally Above $19,500

The Bitcoin price surged out above $19,500 earlier today, recorded as high as $19,570 on major exchanges before a sharply dropping to $19,050 due to selling pressure from BTC whales. Bitcoin price peaked just under $19,600 before once again facing rejection at the level due to selling pressures from BTC whales who had returned to exchanges in force. Following Bitcoin’s recent surge to new all-time highs, the crypto became oversold and the BTC price plunged on Dec. 12 to $17,600, before quickly recovering above the $18,300 level. Bitcoin then found a relief rally and surged through a key resistance level at $18,800

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Crypto Exchange Trading Volumes Hit a Monthly High of $348 Billion in November

Crypto Exchange Trading Volumes Hit a Monthly High of $348 Billion in November

New data by CoinGecko reveals that the monthly trading volumes across crypto exchanges surged to an all-time high (ATH) of $348 billion in November, representing a 125 percent increase from $154 billion recorded in October. Rollercoaster ride in November The leading cryptocurrency ranking data provider alluded to the fact that the crypto market was on a rollercoaster ride in November and stated: “While Bitcoin rallied with a 42% increase in November, other major altcoins also displayed strength. Ripple (XRP) was a surprise winner with an impressive 177% month-on-month rise, suggesting that there may be a surge of retail investors.” The price rally experienced

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Bitcoin Withdrawals from Exchanges Surge to a 17-Month High

Bitcoin Withdrawals from Exchanges Surge to a 17-Month High

New data from Glassnode reveals that Bitcoin (BTC) withdrawals from crypto exchanges have hit a 17-month high of 2,288.125. The on-chain metrics platform added that the previous high was witnessed on 26 November 2020. Per the analysis: “Number of Bitcoin exchange withdrawals (1d MA) just reached a 17-month high of 2,288.125. A previous 17-month high of 2,265.875 was observed on 26 November 2020.” The surge in these BTC withdrawals could be attributed to the fact that investors are cashing in their profits after the price of the king of crypto hit a new all-time high of more than $19,800 on Nov 30.  The digital

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Tether’s Market Cap Surges By $1 Billion in Just 9 Days to Hit $19 Billion

Tether’s Market Cap Surges By $1 Billion in Just 9 Days to Hit $19 Billion

The market capitalization of leading stablecoin Tether (USDT) has been on a roller coaster ride after surging by $1 billion in a record 9 days to hit $19 billion. Since the start of 2020, its market capitalization has been on a continuous rally, according to Tether and Bitfinex CTO Paolo Ardoino. USDT’s increased supply The cryptocurrency sector has been experiencing strong price correction waves. For instance, Bitcoin has been on a price frenzy because, after a bullish rally where the BTC price soared to around $19,500 on certain exchanges. The digital asset underwent a notable price correction, Bitcoin dropping below $16,500. These price

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Crypto Whales Moving BTC to Exchanges Sees Bitcoin Price Bounce at $17,250

Crypto Whales Moving BTC to Exchanges Sees Bitcoin Price Bounce at $17,250

The Bitcoin price corrected sharply to $17,250 as a number of crypto whales moved their BTC holding to exchanges, presumably to cash in as the cryptocurrency looked set to claim a new all-time high of $20,000. Many analysts found vindication in their pullback predictions as Bitcoin sharply corrected from around $19,500—the BTC price losing over $1000 the space of a few minutes on Nov.26. Bitcoin then bounced at $17,250, capping daily losses of around 5%. Popular crypto trader and YouTube personality Tone Vays told Forbes only days ago that he expected the Bitcoin bull run to end this month. He said, “It’s possible that

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Coinbase Goes Down, Causing XRP Token Price to Flash Crash on the Crypto Exchange

Coinbase Goes Down, Causing XRP Token Price to Flash Crash on the Crypto Exchange

Coinbase cryptocurrency exchange experienced technical difficulties that knocked down XRP token’s price on the platform by 30%. Prior to the outage, Ripple’s XRP token was reported to have gained almost a dollar on the coin exchange. A crypto bull tweeted: “We almost touched $1.00 on Coinbase #XRP” Although XRP has gained considerably today, even hitting 100% increases on certain exchanges, no other platforms recorded $0.90 in price value for XRP except on Coinbase. The bullish rally on the coin exchange was therefore most likely to have been triggered by Coinbase users. However, the victory was short-lived as XRP plummeted by 30%

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FUSANG Exchange Announces CCB $3 Billion Digital Bond Listing Suspended

FUSANG Exchange Announces CCB $3 Billion Digital Bond Listing Suspended

FUSANG exchange, Asia’s first digital securities exchange based in Malaysia, announced that the listing of what would have been the first blockchain-based digital bond has been suspended, following a request from China Construction Bank (CCB). The listing of China Construction Bank’s Longbond SR Notes USD (LBFEB21) was initially scheduled to launch publicly on November 13. Supporting trades in both USD or Bitcoin, the initial public offering (IPO) for digital bond LBFEB21 was to be provided by the CCB’S Labuan Branch and listed on the FUSANG exchange leveraging Ethereum blockchain. The digital bond was to be launched by China Construction Bank, the

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What Is a Bitcoin ETF?

What Is a Bitcoin ETF?

Bitcoin Exchange Traded Fund (ETF) is a type of security that tracks the overall price of Bitcoin and enables investors to trade and purchase shares of it on traditional exchanges, circumventing crypto trading platforms. It combines the most popular digital asset in the crypto space – Bitcoin – and exchange traded funds. To understand Bitcoin ETFs properly, an investor needs to grasp the concept of an ETF. What is an ETF? An ETF is an exchange traded fund that regroups various securities belonging to the same sector. By holding an ETF, an investor will have access to a selection of

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