Peter Schiff Still Thinks Bitcoin Is Going to Crash to $0 Despite 20% Surge

Bitcoin has seen an extremely strong performance over the past two weeks, even factoring in the Saturday flash crash that took BTC down $1,500.

Bitcoin Price Analysis: Bullish Reversal Pattern Emerges, BTC to $12K Soon?

We have now entered into Bitcoin’s worst month in terms of historical performance.

Price Analysis 8/3: BTC, ETH, XRP, BCH, BSV, LTC, ADA, CRO, BNB, LINK

The strong recovery in Bitcoin and altcoins from their weekend lows suggests that the traders are aggressively buying each dip. August 2 the total crypto market capitalization dropped from about $359 billion to $310 billion within a few minutes of Bitcoin (BTC) price surging above the $12K mark.  A fall of such magnitude usually drives away the bulls or at least keeps them at bay until the market stabilizes, but that is not what happened.  The bulls aggressively purchased the dips, which led to a sharp recovery, suggesting that the sentiment is bullish and traders expect the rally to continue in the next few days. Daily cryptocurrency market performance.

XRP Price Gains 40% in One Week But Can It Continue Rally to $0.50?

XRP price has broken through several key resistance levels including $0.30 as it tries to catch up to Bitcoin with its own impressive gains. Most markets are rallying since receiving a severe shakeout throughout the weekend, during which the price of Bitcoin (BTC) fell by $1,400 in minutes below the $11,000 level, liquidating $1 billion in futures along the way.  However, one of the most reliable coins in recent days has been Ripple’s XRP token as it rallied 40% in the past seven days and more than 70% from recent lows toward $0.30, as anticipated in the previous XRP technical analysis.  Now that the price target got hit, let’s take a look at the charts to see where the price of XRP may be headed next. Crypto market daily performance.

If History Repeats: Bitcoin Price at $430,000 During Next Bull Run

Evaluating past performance, a popular cryptocurrency proponent noted that Bitcoin could "moon" to $430,000 by late 2021. The post If History Repeats: Bitcoin Price at $430,000 During Next Bull Run appeared first on CryptoPotato.

Coinbase Blames Performance Issues on Ethereum Fee Spike

After the massive ethereum (ETH) rally and subsequent dump on Sunday that forced Coinbase to once again suffer from “degraded performance,” the exchange now said that it was “a spike in transaction fees” on the Ethereum network that caused delays for users attempting to move funds. Today, the major US-based exchange said it constantly monitors fees required to

For crypto exchanges like Binance growth in 2020 dependent on select markets

The restricted performance of the crypto market in the second quarter of 2020, did not come as a surprise to its users.

Bitcoin on Track for Highest July Price Gain in 8 Years

Bitcoin appears on track to register its best July price performance for eight years and confirm a major bullish breakout in the process.

Delphi Digital Launches Venture Investment Arm

Crypto research and consulting Delphi Digital has launched a VC fund alongside an overhaul of its website. Digital asset research and consulting firm Delphi Digital has launched a venture capital fund focused on emerging crypto asset projects. A July 30 announcement describes the move as allowing Delphi “to become more active participants" in the projects it believes “will make a material impact on the space” while opening new opportunities for the firm beyond participating in acquisitions and initial public offerings. The VC wing has been funded primarily using internal capital, with its parent company having been “fully bootstrapped” by its founders.  The new Delphi Ventures arm will focus on “early-stage projects, a majority of which will have a token element.” The firm’s investment strategy is informed by the firm’s belief that blockchain technology “will eventually disintermediate any vertical where a network effect is captured by a centralized entity.” “We believe this represents a multi-trillion dollar opportunity that will drive the greatest wealth transfer event of the 21st century,” the firm added. In addition to deploying capital, Delphi Ventures plans on leveraging “partner time, knowledge, and networks” to maximize the performance of its investments. Delphi completes 2.0 revamp Delphi Digital also launched a newly designed website and member’s portal on July 30. New data analysis products are being offered following the Delphi 2.0 revamp, including monthly examinations of the Ethereum ecosystem, token models and crypto asset markets from a macro perspective. Delphi has also expanded its team of analysts with the opening of an office in London.

Elrond Mainnet Launches Today After Testnet Hits 260,000 Transactions per Second

The Elrond mainnet is launching today with a new DeFi app and staking opportunities. High performance blockchain project Elrond is launching its mainnet today, July 30, along with a new DeFi app, staking and a raft of new features.

Ethereum Is the Best-Performing Asset Class of 2020

Digital assets issued on Ethereum appear to comprise the strongest asset class of 2020 with an average year-to-date gain of 130%. The average performance across Ethereum (ETH)-based assets has been a nearly 130% year-to-date (YTD) gain, according to data published by market data aggregator Messari. The data provides an overview of the 178 assets that currently exist on Ethereum, totaling a combined market capitalization of $63.7 billion — just shy of 20% of the entire crypto capitalization. Including stablecoins, 124 of the assets have posted a YTD gain, meaning that 70% of Ethereum-based tokens have increased in value despite the shocks felt across the global economy amid the COVID-19 pandemic. 70% of ETH-based assets post gains 10 ETH-based tokens have posted YTD gains exceeding 500%, including major decentralized finance protocols Bancor (BNT) and Kyber Network (KNC). One-third of Ethereum-based markets have more than doubled in value since the start of the year, with Ether ranking as the 41st-strongest performing asset with YTD gains of 142%. 15 tokens have suffered single-digit percentage losses, while nine assets have shed over half of their value during 2020 so far. Stablecoins dominate Ethereum token rankings Excluding Tether, only Ether and Crypto.com Coin (CRO) sit among the top 10 crypto assets by market cap, closely followed by the 12th-ranked Chainlink (LINK).  Bitfinex’s Unus Sed Leo (LEO) token and the USD Coin (USDC) stablecoin are also ranked among the 20-largest cryptocurrencies. The rankings highlight Ethereum’s popularity among stablecoin issuers, with seven of the 25-largest ETH-based assets comprising stable tokens.

XRP long-term Price Analysis: 29 July

Disclaimer: The following price prediction should materialize over the next couple of weeks.  XRP proponents will be largely satisfied by the current performance in the digital asset industry.

Ethereum Turns 5 But ETH Price Vs. Bitcoin Never Recovered Since 2018

The Ethereum network is turning five years old, but ETH price performance versus Bitcoin leaves something to be desired. Ethereum is five years old and Ether (ETH) has surprised investors with a trip above $300 — but compared to Bitcoin (BTC), the biggest altcoin is underperforming. As data from on-chain monitoring resource Skew confirms, ETH/USD as a percentage of BTC/USD remains far below its all-time highs. Ether stays far from Bitcoin price share highs As of Ethereum’s birthday, Ether’s share stood at 3.1% of the BTC price.

Market Update: Cryptocurrency and Gold Markets Fueled by Failing Global Economy

The cryptocurrency economy has spiked significantly on July 26 into the overnight trading sessions capturing over $300 billion in value.

Bitcoin Price Hits 10-Month Highs as BTC Aims at $10.5K Resistance

$10,390 briefly appears as optimism spills over into the new trading week, with safe-haven gold already at record highs against the dollar. Bitcoin (BTC) hit its highest in over ten months on July 27 as bulls took control and sent the largest cryptocurrency past $10,350. Market overview from Coin360. Data from Cointelegraph Markets and Coin360 confirmed BTC/USD reaching highs of $10,363 on some exchanges on Monday — its best performance since Sept.

Market Update: Crypto Cap Nears $300 Billion, BTC Hits $10K, ETH Rallies Hard

The digital currency economy is steadily approaching a $300 billion market capitalization, as a great number of coins have been seeing decent gains.

Stablecoins' half-yearly performance: Will Tether be overtaken anytime soon?

Stablecoins have become the "staple food" of the cryptocurrency industry as they make the on/off-ramp easier and faster.

Ether Price Nears $300 as Bitcoin, DeFi Tokens Fuel New Bull Run

As Bitcoin price moved to $9.6K, the price of the Ethereum token Ether (ETH) is on the verge of rallying to a new 2020 high. Ether (ETH) price has shown an incredibly strong performance this week, rising more than 22% since the start of the week and currently less than one dollar away from setting a new high for 2020.  Crypto market weekly price chart.

eToro’s Professional Crypto Exchange Adds Institutional-Grade Product Suite, Launches Inverted Fee Model

Offering includes advanced FIX API, cold storage custody solution, Credit Line, special order types, and brand new high performance matching engine eToro, the multi-asset platform with over 13 million registered users globally, has added several enhanced trading and risk management tools to its crypto exchange, eToroX.

Tether CTO: ‘USDT Will Continue to Exist Alongside CBDCs’

With a market cap over $10B, Tether isn’t likely to be displaced by any central bank digital currency according to Paolo Ardoino. Paolo Ardoino, Chief Technology Officer (CTO) of Bitfinex and Tether, says recent pushes for governments to adopt regulatory paths towards central bank digital currencies won’t adversely affect stablecoins like Tether. “In the long term, we believe that Tether will continue to exist alongside CBDCs,” the Tether CTO said to Cointelegraph, citing the token’s performance on several different blockchains including Algorand, Ethereum, EOS, Liquid Network, Omni and Tron.

60% of Binance's volume came from altcoins - Altseason incoming?

The narrative of an "altcoin season" is spreading like wildfire, and rightly so. Since the start of June, Bitcoin has been extremely stagnant with respect to its price-performance.

ERC-20 Tokens Make up About 50% of Entire ETH Blockchain

Ether now accounts for only half of the value on the ETH blockchain as DeFi tokens like LINK and stablecoins take its place. With the five-year anniversary of the Ethereum blockchain less than two weeks away, the market cap performance of ERC-20 tokens has skyrocketed to almost achieve parity with that of Ether. Ryan Selkis, CEO of crypto analytics firm Messari, said in a July 17 newsletter that over the past two months, the market cap of all ERC-20 tokens has shot up to roughly $25.6 billion, about 49% of the total assets on the Ethereum (ETH) blockchain, $52.6 billion.  “Ether now only accounts for 51% of the value secured on the Ethereum blockchain, which is the smallest amount on a percentage basis that it’s accounted for in its history.

Dogecoin, Chainlink, XRP Price Analysis: 19 July

Ordinarily, Bitcoin's price performance on the charts will be mirrored by the many altcoins in the market.

Bitcoin Mining Firm Northern Data Slams ‘Trolls’ After Stock Drops 40%

Northern Data’s head of finance calls whistleblowers “anonymous trolls” and says that the company is completely transparent. European Bitcoin (BTC) mining firm Northern Data has seen its stock fall 40% in days amid claims that it committed fraud. Data from Bloomberg showed the company’s NB2 stock trading at under €47 ($53.70) at the end of July 17, down from €79 ($90.30) on Monday. Northern Data: “We’re as transparent as it gets” Northern Data, the product of a 2019 merger between US company Whinstone and Northern Bitcoin, claimed to offer High Performance Computing/Artificial Intelligence (HPC/AI) solutions. While touting the scale of its computing capacity to investors and analysts, including well-known German bank researchers, one critic in particular argued that in fact, the company was mostly involved in Bitcoin mining hosting. For well-known investigative Twitter user BTCKING555, suspicions arose when Northern Data failed to respond to basic questions about its business. Thereafter, a Medium post delivered a longer exposé, after which Northern Data hit mainstream media and its share price tumbled. “It’s a very unpleasant point in time,” Maximilian Martin, head of finance at Northern Data, commented to the Financial Times.  “It gives the anonymous trolls a power of influence.

Grayscale Crypto Investments Add Nearly $1 Billion in Q2 — Bitcoin Trust Posts Record Quarter

Grayscale Investments has posted a record quarterly performance, having added almost $1 billion, which nearly doubled its previous quarterly high.

Bitcoin Exchange Inflows Spike as Analyst Expects Pullback to $8.8K

Traders return coins to exchanges as Bitcoin moves lower, with CryptoQuant expecting a “small” retracement below $9,000. Bitcoin (BTC) edging ever closer to $9,000 support may lead to a major sell-off by exchange users, one analyst warns. According to data from on-chain analytics resource CryptoQuant, inflows of BTC to exchanges spiked on July 15. Kraken posts unusual $38.5M daily BTC inflows When traders return Bitcoin to exchanges from a private BTC wallet, it suggests they have a desire to trade or sell at short notice. The opposite is also true — as Cointelegraph reported, exchange balances witnessed a long-term downtrend which in May hit its lowest since late 2018, when BTC/USD crashed to $3,100. Now, says CryptoQuant, nervousness over weak price performance appears to be sending a signal to prepare for downward volatility. Eyeing major trading platform Kraken, data shows that on Wednesday, 4,229 BTC ($38.5 million) entered — far more than the average of 500 BTC ($4.55 million) over the past few weeks. While order book data is still forthcoming — Kraken may be presenting an anomaly which does not reflect broad trader sentiment — overall conditions are decidedly bearish. “I expect a small pullback,” CEO Ki Young Ju told Cointelegraph in private comments. Ki added that should a sell-off begin, he did not foresee it matching that from March, when a cascading short event halved BTC/USD within hours. “In my opinion, it’ll be around $8,800,” he said. Bitcoin exchange inflows 3-week chart.

Analyst: 4 Factors Show Ethereum Can Rally Further After 180% Surge

Ethereum has seen extremely strong performance since the capitulation lows seen in March, outpacing a majority of top cryptocurrencies.

Tesla ‘Eating Bitcoin’s Lunch’ as Realized Volatility Hits 3-Year Low

30-day realized volatility for Bitcoin drops to its lowest levels since 2017, while Tesla beats performance at over $1,500. Bitcoin (BTC) set another dubious record on July 15 as realized volatility sank to its lowest in three years. According to data from on-chain analytics resource Skew, 30-day realized volatility recorded its smallest reading since 2017 this week. BTC volatility echoes pre-$20K position Realized volatility refers to volatility as defined by various timespans.

Ethereum Network outpace Bitcoin's Liquid and LN

Bitcoin has been carrying the torch as the largest cryptocurrency in the market and even if it has been down on its luck at the moment, its off-chain performance has been picking up.

Testnet Results Suggest Matic Could Power Ethereum to 7,200 TPS

Matic Network may be closer to a scalability solution for the Ethereum blockchain after a test run showed it could handle 7,200 TPS. Blockchain scalability solution Matic claims the network can supercharge the Ethereum ecosystem, after a two-month testnet run revealed it was able to process 7,2000 transactions per second (TPS). In a July 14 blog post by Matic Network, the project reported it had stress tested its Counter Stake CS-2008 testnet, which could “reliably handle a performance level of 7,200 TPS.”  The blog stated that this performance could be extrapolated to the Matic mainnet, which employs the same architecture.

Here's why shitcoin's quarterly performance overshadows BTC's

Among Bitcoin, altcoins and shitcoins, something fundamentally changed for the latter.

Self-Healing Blockchains Are Cure for Sharding’s Scalability Woes

Self-healing blockchains are the only way to create a truly decentralized world within the decade. The world is eagerly waiting for a next-generation, high-performance, permissionless blockchain, and this blockchain should be able to industrially scale all decentralized applications.

Tezos Price Analysis: XTZ Arrives To The Alt-Season Party After 22% 2-Day Surge

Following LINK's impressive performance, the other major cryptocurrency to mark double-digit increases in the past couple of days is Tezos (XTZ), with gains of 22% in 48 hours. The post Tezos Price Analysis: XTZ Arrives To The Alt-Season Party After 22% 2-Day Surge appeared first on CryptoPotato.

Crypto.com, Hedera Hashgraph, Tezos Price Analysis: 13 July

The altcoin market has historically been closely linked with the performance of the Bitcoin market, thanks to the high correlation indices these alts share with the king coin.

Altseason Imminent: ‘Most Altcoins Should Gain on Bitcoin Soon,’ Says Veteran Analyst

During the last 30 and 90-day intervals, a number of altcoins have done much better than bitcoin, as far as price percentage increases are concerned.