Bitcoin (BTC) is the collateral asset of choice for the world‘s biggest decentralized stablecoin, and one of its top executives says there was no other. Speaking to Bloomberg on Monday, Do Kwon, co-founder of Blockchain protocol Terra, pledged to continue buying BTC to back the firm‘s stablecoin, TerraUSD (UST). Kwon: BTC buys will continue “in perpetuity” Terra has made waves inside and outside the crypto community in recent weeks thanks to its massive Bitcoin buys. Currently at just… Source link

Bitcoin (BTC) is seeing what looks like panic buying by retail investors, fresh data shows — but all might not be as it seems. In a tweet on April 4, William Clemente, lead insights analyst at Blockware, revealed a large spike in the BTC supply owned by smaller hodlers. 2022 retail FOMO spike “an outlier” Typically referred to as “retail,” entities with 1 BTC or less are considered to be mainstream consumers rather than corporate or institutional investors. According to figures from… Source link

A recent article on the ongoing topic of scaling Ethereum has hit the presses from Vantica Trading, itself a Cardano blockchain publication and NFT marketing site1. Although the site is more of a digital currency market news and blog aggregation site, the article does do an excellent job of summarizing the three main strategies that many projects in the Ethereum ecosystem take to address ETH scaling issues, (and conveniently provides market information and trading tickers for the… Source link

“The seven-day option skew is about -8 points, while BTC is only -4 points, despite the overall at-the-month implied volatility spread between ETH and BTC being rather close,” Magadini wrote in a message to CoinDesk. “For those looking to buy volatility, this means the short-term ETH calls are very cheap compared with similar BTC calls.” Source link

The cryptocurrency market rally that began on April 1 ran into tough resistance on April 4, sparking a market-wide pullback during the afternoon session after exhausted bulls were overwhelmed by bears who managed to push Bitcoin (BTC) below $45,200.  Data from Cointelegraph Markets Pro and TradingView shows that once the afternoon sell-off broke below support at $46,000, the price of BTC hit a daily low of $45,133 before buyers emerged to bid it back above $45,700. BTC/USDT 1-day chart…. Source link

Can Seesaw Protocol (SSW) rock the Crypto World like Ethereum (ETH) and Tron (TRX) by Analytics Insight April 4, 2022 Seesaw Protocol holders earn a 3% bonus on each transaction confirmed on the blockchain. Throughout its presale, Seesaw Protocol (SSW) has garnered attention for not only its rapid rise in popularity but its ambitions to do good within the cryptocurrency industry. Like Ethereum (ETH) and Tron (TRX), Seesaw has plans to positively affect crypto users and enhance their user… Source link

by Analytics Insight April 4, 2022 The crypto market’s volatility is the reason it is loved and equally feared. The fact that prices fluctuate very fast makes it possible for traders to profit. But the stability of the cryptocurrencies is a key element when investing in a coin. Ethereum and Bitgert (BRISE) are some of the cryptocurrencies projected to do well this year. This is from the developments these projects are undertaking this year. Ethereum price is predicted to remain stable… Source link

How Caprice Finance (CFT) Is Challenging Rivals Polkadot and Litecoin? The amount of new cryptocurrencies is growing day by day and it is no surprise that many companies are using them to find quicker and cheaper solutions, to allow their customers to complete transactions worldwide. The digital world of the Metaverse has so many opportunities for companies to grow, in terms of how they sell and develop their brands. Crypto users are also taking advantage of buying and selling items… Source link

Litecoin receives a strong long-term technical score of 88 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, LTC holds a superior long-term technical analysis score than 88% of… Source link

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