CRYPTO NEWS

Chainlink Active Addresses Growth is 143% Higher than 3 Months Ago

Quick take: Chainlink new daily active addresses are increasing at a rapid pace The number of new daily active addresses is 143% higher than three months ago Chainlink has found solid support above $23 and is attempting to convert $24 into a support zone also The new week could provide another opportunity for Chainlink to thrive in the crypto markets The Chainlink network is growing at a fast pace compared to three months ago. This is according to the analysis by the team at Santiment which points out that the…

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Ethereum Investors Withdraw 659k ETH From Crypto Exchanges in One Hour

Quick take: Ethereum investors withdrew 659k ETH from crypto exchanges in One Hour on January 22nd This could be the largest net outflow of Ethereum from crypto exchanges in a 24 hour period Ethereum has reclaimed $1,300 and looks set to flip $1,350 into support once again Ethereum investors withdrew 659,000 ETH from crypto exchanges in one hour on the 22nd of this month. This is according to an observation made by the CEO and Founder of NuggetsNews.com.au, Alex Saunders, who also postulated that the net outflow of Ethereum might…

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Should I Buy Bitcoin? — Switzerland’s Largest Bank UBS Provides Guidance on BTC Investing

Switzerland’s largest bank, UBS, has published guidance for clients about investing in bitcoin. The bank answers some important questions, such as whether one should buy bitcoin and other cryptocurrencies and whether bitcoin can be used to diversify portfolios. ‘Should I buy’ Bitcoin? UBS Answers UBS published a detailed report about bitcoin last week. It answers some questions that the bank is currently discussing with its clients, explained the report authors, including the firm’s chief investment officer of global emerging markets, Michael Bolliger. UBS Group is currently Switzerland’s largest bank by…

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Aave hits record $288 high as demand for flash loans and staking increases

Surging volume, demand for flash loans and a strong rally in DeFi tokens pushed AAVE price to a new all-time high today. Aave (AAVE) price has been on an absolute tear for weeks and today the DeFi-token rallied to a new all-time high at $288.90.  The decentralized finance protocol is one of the most popular in the market and the recent rally in the DeFi sector is one of the driving forces behind AAVE’s rally. AAVE/USDT 4-hour chart. Source: TradingView At the start of 2021, AAVE price was trading at…

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Rumor of a Chainlink Grayscale Trust Propels LINK to New Highs

Quick take: Chainlink has just set a new all-time high of $24.64 – Binance rate The bullish momentum is a result of Grayscale adding a LINK trust to its investment products Basic Attention (BAT), Tezos, MANA and Livepeer are also reportedly being considered by the investment firm The digital asset of Chainlink (LINK) has just set a new all-time high of $24.64 – Binance rate. Chainlink’s bullish momentum was evident from around the 20th of this month when it held the $19.30 support area. However, the recent Bitcoin crash courtesy…

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Wrapped BTC (WBTC) Flips the Market Cap of Bitcoin SV (BSV)

Summary: Wrapped Bitcoin (BTC) has flipped the market cap of Bitcoin SV (BSV) $320 Million in market capitalization separates the two assets Demand for Bitcoin on Ethereum continues to increase and has fueled the growth of WBTC WBTC is also available on the Tron network  Wrapped Bitcoin (WBTC) has surpassed the market capitalization of Bitcoin SV (BSV). This milestone was identified by the team at Coinmetrics who shared it via the following statement and chart. With the increasing demand for Bitcoin on Ethereum, WBTC has flipped the market cap of…

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Ethereum Whales Holding 10,000+ ETH Increase by 32 in 30 Days

Quick take: Ethereum whales holding 10k or more ETH increased in number by 32 in 30 days The total number of addresses in this category has also reached a 13-month high ETH balances on exchanges continue to drop and are at a 13-month low All these fundamentals point towards a bullish future for Ethereum as it continues to trade above $1,200 The number of Ethereum whales holding 10,000 or more ETH has increased by 32 in 30 days. This is according to data by the team at Bloqport who also…

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Buying Items and Services With Bitcoin: A Look at Crypto Asset Accepting Merchants in 2021

While the price of bitcoin and numerous cryptocurrencies have jumped in value, a great number of merchants have been willing to accept digital currencies for goods and services. These days a crypto proponent can buy literally anything with their crypto assets and some of these items are very unique and extraordinary. Crypto Spenders Can Build a Dream Home or Acquire Luxury Vehicles There’s an awful lot of things people can purchase in 2021 by using cryptocurrencies like bitcoin, ethereum, bitcoin cash, litecoin, and others for payment. Since prices have been…

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Aave and Chainlink hit new highs as Bitcoin price fights to hold $32K

Chainlink and Aave soared to a new all-time high as Bitcoin bulls struggle to hold BTC price above $32,000. Bitcoin (BTC) price opened the weekend trapped within the $33,500 to $32,000 range but at the time of writing the digital asset is struggling to hold above $32,000.  A few analysts have warned that the recent price loss of momentum may be a sign of ‘institutional exhaustion’ as selling pressure from Asia has increased since Jan. 19. Despite Bitcoin’s current downtrend, some institutional investors are sticking to their prediction that BTC…

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Bitcoin (BTC) Could Repeat its 2017 Performance in 2021 – Weiss

Quick take: The team at Weiss have forecasted that Bitcoin’s performance in 2021 might mimic that of 2017 Bitcoins 21 million supply and surging demand, could send it to much higher levels With each parabolic cycle, the crypto-verse brings new people who never leave creating a cycle for the next parabolic run The team at Weiss Ratings has forecasted that Bitcoin could repeat its 2017 performance this year. This is according to a recently published report that points out that the current market action could be a case of deja-vu…

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