Bitcoin / 629 posts found
Here’s Why Tim Draper Still Believes Bitcoin Will Reach $250K
American billionaire venture capitalist Tim Draper has reiterated his bullish support for Bitcoin despite the crypto winter intensified by the sudden crash of the FTX exchange. Draper predicted last June, during the bull market, that the leading crypto asset would reach $250,000 by the end of 2022. However, his prediction is less likely to happen this year since the largest cryptocurrency is now trading below $17,000 following the FTX fiasco. Women and Retailers Can Push Bitcoin to $250k Nonetheless, the billionaire still believes Bitcoin will hit the $250,000 target and probably go beyond once the market recovers and people, especially […]
Exit All Your Funds From Coinbase, It’s A Sinking Ship, Alerts “The Black Swan” Author
Cryptocurrency This week’s financial crisis has had far-reaching effects on the crypto market. Values of Bitcoin and other cryptocurrencies, including Cardano, Solana, XRP, and Dogecoin, have declined significantly since the start of the year, possibly by as much as 10%. Recent reports that Coinbase’s CEO Brian Armstrong has sold off shares for $1.6 million (or more) have spooked investors even more, just as the market was starting to regain footing. Cryptocurrency Coinbase is A “Sinking Ship” By referring to Coinbase as a “sinking ship,” author Nassim Taleb of “The Black Swan” has recommended investors exit their holdings immediately. In light […]
Bitcoin (BTC) Price May Not Rise Above $20,000 as Grayscale May Liquidate their Holdings Soon
The Bitcoin price continues to trade within the same range, with reduced volatility from the past couple of days. Ever since the price dropped below $20,000, the markets have dropped into a deep bearish well. Therefore, it has become important for the BTC price to reclaim these levels to revive with a bullish trend. But when will the star crypto rise above these levels? If yes at what levels, one can expect a firm rebound? The BTC price has undergone a couple of bear markets earlier and marked a new bottom each time. Back in 2015 and 2018, the bear […]
Kraken Daily Market Report for November 18 2022
Bitcoin Bitcoin Overview Daily spot trading volume: $536.5 million, 30 day average spot: $730.0 million. Total futures notional: $84.9 million. The top five traded coins were, respectively, Tether (↓0.05%), Bitcoin (↓0.01%), USD Coin (↑0.01%), Ethereum (↑1.0%), and Dai (↑0.04%). Strong returns from Covalent (↑51%), Mirror Protocol (↑29%), and Boba Network (↑21%). November 18, 2022 $536.5M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $0.9986 ↓0.05% $265.8M BTC $16682. ↓0.01% $89.2M USDC $1.0 ↑0.01% $80.2M ETH $1211.9 ↑1.0% $38.9M…
Kraken Daily Market Report for November 17 2022
Overview Daily spot trading volume: $576.5 million, 30 day average spot: $723.1 million. Total futures notional: $103.0 million. The top five traded coins were, respectively, Tether (↑0.01%), USD Coin (↓0.01%), Bitcoin (↑0.14%), Ethereum (↓1.3%), and Dai (↓0.03%). Strong returns from Robonomics (↑19%), Request (↑14%), and Parallel Finance (↑13%). November 17, 2022 $576.5M traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD USDT $0.9991 ↑0.01% $241.7M USDC $0.9998 ↓0.01% $102.4M BTC $16682. ↑0.14% $92.4M ETH $1199.5 ↓1.3% $62.8M DAI $0.9994 ↓0.03% $24.2M…
First Mover Asia: Bitcoin Won’t Budge. Cryptos Ignore the FTX Chaos for Another Day
Bitcoin James Rubin is CoinDesk’s U.S. news editor based on the West Coast. Good morning. Here’s what’s happening: Prices: Bitcoin continued to trade sideways and hold comfortably above its $16,000 support. Insights: FTX’s failure has parallels to energy company Enron’s massive bankruptcy two decades ago, including now the presence of John J. Ray to oversee the wreckage. Sam Reynolds considers the messes. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. Bitcoin Ignores the Chaos […]
Crypto exchange Coinbase to support Easy Bank Transfers for UK users
Coinbase, the popular bitcoin & crypto exchange company, announced today it will be rolling out ‘Easy Bank Transfers’ for UK users. The new feature delivers an easy way to add funds to Coinbase accounts. Through a partnership with TrueLayer, one of Europe’s leading open banking platforms, Coinbase is able to support Easy Bank Transfers, which relies on open banking technology. In the weeks ahead, users will be able to link their bank account directly with their Coinbase account, without needing to enter their bank details, for a more convenient and user-friendly experience. “Coinbase is one of the first major crypto […]