• Exchange rate between Bitcoin (BTC) and Ether (ETH) has fallen rapidly in recent weeks. • Financial stability concerns disproportionately benefit Bitcoin, which is increasingly viewed as a safe haven asset. • Ether can also make the claim to be robust, decentralized, and independent of the traditional financial system. Dropping ETH/BTC Price The exchange rate […]
• Rashid Ajami is the Co-Founder & CEO of Metropolis World, a metaverse experience and virtual landscape comprised of stunning art, a physi-digital marketplace, and an immersive itinerary of curated programming, perks, and events. • Rashid is an electronic music producer and sound design artist based in London who has released tracks on renowned labels […]
The correlation between Bitcoin (BTC) and US stock prices, which reached a record high in 2022, is fading. CoinMetrics reported that the 60-day Pearson correlation between BTC price and the closing price of S&P 500 fell to its lowest level since April 2022. Bulls are hoping that this lower correlation, similar to the late-2018 to […]
• Bitcoin’s January price rally has put much of the market back into profitability for the first time in months. • Analysts at Glassnode present a number of more advanced models that look at the differential between the Bitcoin price and Realized price to determine whether the market is reaching a top or bottom. • […]
• Arbitrum is a layer-2 scaling solution on Ethereum that has seen explosive growth recently, with daily fees generated reaching nearly $300,000. • This surge in usage has been accompanied by record highs in daily active users and unique addresses registered. • Arbitrum’s DeFi TVL has risen to around $3 billion and its market share […]
• XRP price has fallen by 3% in the last 24 hours, dropping to $0.387535 • SEC’s lawsuit against Terraform Labs and its CEO Do Kwon yesterday is partly responsible for today’s marketwide fall • Ripple’s case with the SEC could end by the first half of 2023 or by the end of year at […]
• Former head of the Hong Kong central bank, Norman Chan, said crypto will not destroy traditional finance. • He believes that cryptoassets like Bitcoin cannot become currencies as they have no intrinsic value and volatile prices. • Chan also discussed DeFi, stablecoins and NFTs, acknowledging their potential but warning against their volatility. Former Head […]
• The US Bureau of Labor Statistics reported a record 517,000 jobs added last month with an unemployment rate dropping to 3.4%. • This strong report caused yields across the US treasury curve and the US dollar to surge while Bitcoin initially fell. • Despite an intra-day recovery, Bitcoin could still head lower in the […]
• Avalanche’s cryptocurrency AVAX is up 100% since the start of 2023 and is currently trading at $21 per token. • Investors should consider investing in AVAX if they think the continued recovery in the cryptocurrency market’s appetite for risk has legs. • Crypto presales such as Meta Masters Guild (MEMAG) might offer 20x gains […]
• The Biden Administration has recently released a roadmap that calls for increased enforcement and regulation of the crypto sector. • The roadmap cites several major crypto sector failures in 2020, such as the implosion of Terra’s algorithmic stablecoin UST and the collapse of FTX, and highlights the risks posed by lack of applicable regulations, […]