Chainlink (LINK) has Yielded 226% Returns in the Last 7 Weeks

In brief: Chainlink has provided approximately 226% returns in the last 7 weeks Chainlink has also set a new all-time high of $35.85 – Binance rate Chainlink’s fortunes could continue as Bitcoin heads to $50k Chainlink investors who bought LINK around the beginning of the year at $11, are now approximately 226% in profits. This is according to an analysis done by the team at Santiment feed who also pointed out that the amount of LINK tokens on crypto exchanges, has seen a continual decline in the same time period.…

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Bitcoin (BTC) Becomes a $1 Trillion Asset at $53,680

In brief: Bitcoin’s market cap will reach a value of $1 Trillion at a BTC price of $53,680 Bitcoin’s current market cap stands at $904.5 Billion with its fully diluted market cap exceeding $1 Trillion Bitcoin is inches away from the $50k price ceiling that could be a short term challenge BTC analyst Timothy Peterson has forecasted $60k as a possible top for Bitcoin Bitcoin (BTC) becomes a $1 Trillion asset at a value of $53,680. This fact was shared by the team at Documenting Bitcoin via the following tweet.…

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ETH Held By Top 100 Whale Exchange Addresses Drops to 27 Month Lows

Quick take: ETH held by the top 100 Ethereum whale exchange addresses has dropped to levels last seen 27 months ago The drop is inversely correlated with the price of Ethereum The number of Ethereum addresses holding 10k ETH or more has continued to increase Ethereum could be eyeing $2k very soon The amount of Ethereum held by the top 100 whale exchange addresses has dropped to levels last seen 27 months ago. This is according to data by the team at Santiment that also points out that this drop…

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US Government Won’t Allow Corporates to Keep Replacing Dollars With Bitcoin, Warns Investment Advisor

Dan Nathan, the founder of Risk Reversal Advisors, says that the U.S. government will not keep allowing corporations like Elon Musk’s Tesla to replace dollars with bitcoin. They won’t “let the dollar fall away from being the reserve currency for the world,” which could happen if corporations keep replacing dollars in their balance sheets with bitcoin. US Government Will Not Let Bitcoin Replace Dollars, Says Risk Reversal Advisors’ Chief Dan Nathan offered his view on the future of bitcoin in an interview with CNBC last week. His comments followed the…

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USDT-settled futures contracts are gaining popularity, here’s why

Crypto exchanges offer USDT and BTC settled perpetual futures contracts but which is best suited for the average trader? When BitMEX launched its Bitcoin (BTC) perpetual futures market in 2016, it created a new paradigm for cryptocurrency traders. Although this was not the first platform to offer BTC-settled inverse swaps, BitMEX brought usability and liquidity to a broader audience of investors. BitMEX contracts did not involve fiat or stablecoins and even though the reference price was calculated in USD all profits and losses were paid in BTC. Fast forward to…

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