Coinbase has revealed that it has had “an explosion of incoming capital.” Its assets under custody currently stand at $20 billion, $14 billion of which were accumulated since April. Coinbase highlights a string of bullish events that have “really unleashed” a wave of institutional adoption. Coinbase Has $20 Billion in Custody Coinbase’s Head of Institutional Coverage, Brett Tejpaul, talked about institutional… Source link

Bitcoin has sent the cryptocurrency market soaring in recent weeks with the total value of the world’s combined cryptocurrencies adding an eye-watering $150 billion since the beginning of November. The bitcoin price brushed $18,900 per bitcoin this week, coming within touching distance of its 2017 all-time high and helping other top five cryptocurrencies—ethereum, Ripple’s XRP, litecoin and chainlink—record massive gains. XRP has climbed over 70% this week alone, with ethereum,… Source link

Steve Marcus/Reuters Bitcoin is “is here to stay,” BlackRock’s chief investment officer of fixed income Rick Rieder told CNBC on Friday. Rieder pointed to millenials openness to cryptocurrencies and digital payments as one reason why the popular crypto currency isn’t going anywhere. While Rieder said he doesn’t own bitcoin in his own portfolio, he does see potential for bitcoin to “take the place of gold to a large extent,” according to the interview. Visit Business Insider’s… Source link

PARIS, FRANCE – DECEMBER 15: In this photo illustration, a visual representation of the digital … [+] Cryptocurrency, Bitcoin is displayed on December 15, 2017 in Paris, France. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin have seen unprecedented growth in 2017, despite remaining extremely volatile. While digital currencies across the board have divided opinion between financial institutions, and now have a market cap of around 175 Billion USD, the… Source link

Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: Tradingview Data suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965. According to the data from Skew, Grayscale Bitcoin Trust’s volume on OTC Markets increased significantly in the fourth quarter. OTC Markets is… Source link

Bitcoin Dominance, at the time of writing, had dropped a little over the last 24 hours, with the same observed to be at 65.05%. As far as the market’s alts were concerned, while Monero exhibited a bearish divergence, NEM was trading under a strong level of resistance after recovering with strength over the past few days. Finally, VeChain broke out of a descending channel and it could see a minor pullback on the charts. Monero [XMR] Source: XMR/USDT on TradingView XMR rose past its level of… Source link

Bitcoin has had a big year so far (and 2021 could be even bigger). Bitcoin’s more than doubled in price through 2020 and this week surpassed its 2017 market capitalization, the combined value of all minted bitcoin tokens. The bitcoin price has added almost 50% this month, shooting toward its all-time high of around $20,000 per bitcoin and pushing its market cap briefly over $350 billion, spurred on by a wave of institutional interest in bitcoin. Bitcoin traders and investors are now… Source link

Ethereum, Ripple’s XRP, litecoin and chainlink are the world’s biggest cryptocurrencies after bitcoin and they’ve suddenly soared this week. Ethereum, XRP, litecoin and chainlink, with a combined market value of around $100 billion, have each added between 20% and 50% this week—outpacing even bitcoin’s rally. While ethereum, XRP, litecoin and chainlink have been boosted by bitcoin’s growing reputation as digital gold through 2020, other cryptocurrency trends have also pushed them up. … Source link

The price of Ether (ETH), the native cryptocurrency of Ethereum, has surpassed $547. Following the breakout, traders are pinpointing several key resistance levels in the near term. In the short term, traders generally foresee $600 as the major resistance area for Ether as it marked the beginning of a bearish trend starting in May 2018. As such, $600 could act as an area of interest for sellers. But, traders also believe that if Ether surpasses $600, it would likely enter the $700 to $900… Source link

This week Bitcoin (BTC) price rallied to a new 3 year high at $18,965, leading investors to believe a new all-time high above $20,000 is on the cards.  While these are exciting times, data does show that some professional investors feel antsy about the price at these levels and the absence of retail FOMO has some calling for a sharp pullback. Data shows Bitcoin hasn’t seen a drop larger than 5% since Sept. 4 and over the past 77 days the digital asset has gained 84%.The last time similar… Source link