Bitcoin crashed 9% on the day: here’s why traders are not worried just yetBTC $9354 (-5.2%) • ETH $232 (-5.9%) • XRP $0.19 (-5.8%)
The price of Bitcoin dropped by 9 percent from $9,900 to $9,000 on the day. For now, traders are not worried about a deeper pullback. The sudden drop in the price of Bitcoin happened after the U.S. stock market unexpectedly plummeted, marking its worst day since March. Prominent traders in the cryptocurrency market foresee two potential outcomes for Bitcoin in the near-term.
More news ⏬Emurgo and Ergo partner up to create blockchain-based financial solutions for Cardano
Emurgo, a blockchain company tasked with driving the adoption of Cardano, has announced a strategic company with Ergo, a PoW protocol providing financial contracts. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Searching for an equities hedge? This crypto exchange now offers Bitcoin-priced Gold futures
Bitcoin and gold have, arguably, emerged as a “hedge” against the risks that equity markets around the world are now presenting. Microsoft moves its decentralized I.D. system to Bitcoin; BitPay, Gemini feature as collaborators
Microsoft, the world’s largest software company, moved its decentralized identity (DID) project to the Bitcoin protocol on June 10, opening the system to worldwide and extensive open-source development. Metrics show 80 percent of stablecoins like Tether and Binance USD are held by only six accounts
Long touted as an alternative to fiat currencies without the volatility of digital assets like Bitcoin, stablecoins and related companies mushroomed in late-2018; with a lot of projects even getting venture funded. Coinbase may list Aave, Bancor, Ren, Vechain, Synthetix and 13 other cryptocurrencies
Coinbase is currently exploring the addition of 18 new digital assets, which include DeFi tokens such as Aave, Bancor, Ren, VeChain, Aragon, and DigiByte. Institutional traders own more than $300 million in Bitcoin contracts betting on a rally
Despite a pandemic ravaging the world’s economies, data shows that there’s been a concerted effort amongst institutions to gain exposure to Bitcoin and cryptocurrency. bitFlyer USA COO on why it’s focusing on less coins and the need for the “separation between state and money”
CryptoSlate recently had the opportunity to chat with Joel Edgerton, the COO of bitFlyer USA. $22 billion fund manager says buy Gold, Bitcoin as bond markets fail as a hedge after U.S. Quant Easing
The ongoing COVID-19-pandemic has served as a defining point of modern financial markets. Chainlink reaches key resistance as parabolic trendline forecasts upside
Chainlink has been vying to incur further momentum as it hovers just slightly below its previously established all-time highs. Here’s the likely reason why it just cost $2.6M to move $130 worth of Ethereum
Ethereum’s average transaction fees just rocketed overnight after one user spent millions of dollars in fees to send a tiny amount of ETH. Featured event
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