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$10 Billion in Liquidations as the Crypto Market Cap Evaporated $360B in Hours

April 18, 2021 , , , , , , , , , , Eddy 0

The enhanced volatility in the past day caused nearly $10 billion in liquidations in less than a day as bitcoin, and all altcoins fell hard. Naturally, over 90% of the liquidated amount came from long positions.  CryptoPotato reported earlier today the adverse price developments in the cryptocurrency market. Bitcoin fell by more than $9,000 in […]

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Max Keiser: As Predicted, Ray Dalio Admits BTC Has Proven Its Place in Portfolios

April 18, 2021 , , , , , , , , Eddy 0

From criticizing bitcoin for failing the purposes of money and suggesting a potential ban to comparing it with gold and, most recently, indicating BTC has proven its place in investment portfolios – Ray Dalio’s mind on the cryptocurrency seems to be changing. Interestingly, Max Keiser foresaw this development months ago. Ray Dalio’s BTC Evolution Along […]

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Bitcoin Price Dipped Below $52K Amid U.S. Treasury Rumors (Market Watch)

April 18, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Another wild weekend in the crypto markets as Bitcoin plummeted by about $9,000 in hours amid rumors suggesting the US Treasury Department would charge several financial organizations for laundering money with cryptocurrencies. The altcoin market is also deep in red with double-digit percentages that evaporated more than $350 billion from the crypto market cap. US […]

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The Grayscale Bitcoin Trust on Track to Surpass the Largest Gold ETF: Bloomberg

April 17, 2021 , , , , , , , , , , Eddy 0

The Grayscale Bitcoin Trust is on route to surpass the largest gold-tracking ETF in the following few months, suggested Bloomberg’s senior commodity strategist, Mike McGlone. The analyst also outlined the ongoing digitalization phase as the primary reason behind BTC’s success. GBTC on its Way to Surpass SPDR Gold Shares McGlone took it to Twitter to […]

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The Investor Who Turned $300 Million to $2.4 Billion Investing in Coinbase

April 17, 2021 , , , , , , , , Eddy 0

Just a day after its official public listing, Coinbase is already creating multi-billion-dollar success stories. The popular angel investor and founder of Initialized Capital, Garry Tan, told his story in which he turned a $300,000 invested in Coinbase upon the company’s launch into $2.4 billion. Tan’s Initial Story with Armstrong and Coinbase Long before Coinbase […]

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Crypto Market Cap Recovers $100 Billion as Bitcoin Reclaims $62K (Market Watch)

April 17, 2021 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Eddy 0

Following yesterday’s freefall in which bitcoin risked dipping below $60,000, the asset has bounced off and recovered about $2,000 of value. Most altcoins have also regained some ground, with some more than others. Apart from the top performer DOGE, Bitcoin Cash has spiked by 25% and has re-entered the top ten. Bitcoin Reclaims $62K After […]

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Bitcoin’s ATH at $65K And Coinbase Nasdaq Listing: The Weekly Recap

April 16, 2021 , , , , , , , , , , Eddy 0

This week was particularly eventful in the cryptocurrency market. Without a doubt, the highlight of it was the direct listing of Coinbase shares on Nasdaq. This is the first major cryptocurrency exchange to go public, and it did so in style. The trading opened at around $381 per share (ticked COIN), putting an opening value […]

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Dogecoin Market Cap Surpasses Cardano And is Now Top 5: The Community Reacts

April 16, 2021 , , , , , Eddy 0

Dogecoin is where all the rage is in the cryptocurrency market throughout the past 24 hours. DOGE is up almost 200% in the past day and almost 500% in the past week. With the latest surge, it has also managed to become the 6th largest cryptocurrency by market capitalization, surpassing Cardano’s ADA. Dogecoin Now Bigger […]

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CNBC’s Jim Cramer Used Bitcoin Profits to Pay Off a Mortgage

April 16, 2021 , , , , , , , , Eddy 0

Jim Cramer, the host of CNBC’s Mad Money, has disposed of half of his bitcoin holdings and used the substantial profits to pay off his mortgage. Although he classified this conversion as “phony money for real money,” the crypto community was quick to criticize his actions. Cramers Pays Off Mortgage with BTC Profits CNBC’s host […]

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$600 Million in BNB Gone: Binance Completes the 15th Token Burn

April 16, 2021 , , , , , , Eddy 0

Binance announced the completion of the 15th BNB burn earlier today of just shy of 1.1 million tokens. Although the amount in coins has substantially declined compared to the past several such events, it set a record in terms of USD with almost $600 million.  The announcement from the Malta-based cryptocurrency exchange from earlier today […]

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