Cryptocurrency News & Analysis

These offer investors exposure to Bitcoin and Ethereum in a familiar, secure, and regulated exchange environment. Per MicroWorkers’ CEO, this move will offer the platform’s users more financial freedom. Earlier today, Exagen Inc. released financial results for the quarter and fiscal year ended December 31, 2020. Ron Rocca, president and chief executive officer; Kamal Adawi, chief financial officer; and Mark Hazeltine, chief operating officer, will host this afternoon’s call. The U.S. Transportation Department warned it could limit flights by carriers based in Hong Kong after the Asian financial hub imposed quarantine rules that have impacted U.S. cargo carrier FedEx Corp. USDOT issued an order on Tuesday requiring Hong Kong-based Cathay Pacific Airways Limited to file flight schedules for all U.S. flights within seven days to determine if any are “contrary to applicable law or adversely affect the public interest.”

When more people are dumping Bitcoin into the market, but there are not enough buyers, the price might plummet. One common phrase used regarding the value of crypto is that “market sets the price,” which endorses its position as a commodity. There is no central regulation or setting the price of Bitcoin . The exchange you choose for trading plays an important role in determining the price. Though it might not vary by a significant scale, the exchange you are using to trade or convert your Bitcoin can influence the price you pay or get. And even these small margins can make a major difference in trades. Bitcoin’s market capitalisation is $1,044,393,752,585 at time of writing, down from $1,085,955,406,267 yesterday.

Secondly, Cardano’s price growth may also have to do with the fact that the blockchain has a number of uses. It acts as cash in the way that bitcoin does; however it also holds voting rights. Usually, miners are the ones who vote to make changes to a blockchain’s protocol. But holders of Cardano coins can vote to make these changes, giving them a greater role in determining the future development of the cryptocurrency.

Crypto Am: Talking Legal

Financial market trading carries a high degree of risk, and losses can exceed deposits. Any opinions, news, research, analysis, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice.

  • Bitcoin Cash is the product of one of these solutions, known as a ‘hard fork’, where the original blockchain architecture is used to build a new blockchain, and by extension, a new cryptocurrency.
  • The slump was led by bitcoin, which accounts for 60% of the cryptocurrency market by value.
  • Uncertainty about the drivers behind Cardano’s rise has not deterred retail investors from taking a punt on the cryptocurrency.
  • That factor might explain the renewed interest in Cardano better than anything else.
  • China’s electric vehicle maker BYD is hiring engineers for its first overseas battery plant in Europe, the company backed by Warren Buffett said on Wednesday, as it pushes to become an EV parts supplier.
  • 101 Ways to Pick Stock Market Winners You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

InvestingCube is a news site providing free financial market news, analysis, and education. Its purpose is to empower Forex, commodity, cryptocurrency, and indices traders and investors with the news and actionable analysis at the right time. Saxo Group’s strategy team team provide expert analysis of cryptocurrency trends with a focus on regulation, technical analysis, market capitalisation, and news in the crypto space.

A sharp and broad-based sell-off has hit the cryptocurrency market, piercing a recent bull run powered by corporate and retail interest alike. Trading with eToro by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of an eToro Community Member is not a reliable indicator of his future performance. Content on eToro’s social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of eToro – Your Social Investment Network.’s crypto news section is providing the latest cryptocurrency news – stay up-to-date with breaking news on major cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple and ICOs. Working as part of the team, my client seek a Quantitative Researcher to work on the development of statistical models and trading algorithms. The ideal candidate will come from a high frequency market making background from a leading prop trading firm or market maker with exposure of vol regime, tick count, stat arb, managing 2 positions. The ideal candidate will come more likely from outside of crypto with an interest in crypto and keen to join one of the top players in the market. Leading cryptocurrency trading firm and liquidity provider seek an exceptional High Frequency Quant Researcher/Trader. Bitcoin Cash is the product of one of these solutions, known as a ‘hard fork’, where the original blockchain architecture is used to build a new blockchain, and by extension, a new cryptocurrency.

Why Small Jurisdictions Are Forging Ahead With Crypto Regulations

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority. As blockchain technology continues to expand in popularity, more and more projects are springing up to take advantage of the system, one of which is Cosmos. That said, for all that the network went through the “Mary” update, “there are concerns developers are yet to embrace it,” as Crispus Nyaga, investment analyst at Investing Cube puts it. So from that point of view, Cardano probably has a long way to go before it surpasses Ethereum.

However, unlike other altcoins on the market, Cosmos aims to resolve some of the issues surrounding the scalability of different blockchain platforms and their ability to interoperate. In short, Cosmos is aiming to create an ‘internet of blockchains’ allowing them to connect and interact in a similar manner to devices on the Internet of Things. The crypto does not occupy the dominant position it used to, however, investors may want to take a second look, at the very least as a cheaper method of riding the bullish coattails of Bitcoin’s rally as institutions pour cash into the industry. Ripple is a coin attached to XRP, a blockchain that markets itself as a payments platform that allows faster and decentralised currency exchange and remittances compared to ordinary wire transfers. However, investors may want to keep an eye on a selection of other, cheaper, digital currencies and tokens that have the potential to break new ground in the space in the coming year as the industry moves into the mainstream.

The cost-reward system of Bitcoin, i.e., how much an individual or a pool of crypto miners are rewarded for mining one Bitcoin. Even though the technology behind Bitcoin and most other cryptos is solid and it has been used extensively in conjunction with other technological solutions, it doesn’t give Bitcoin a “tangible” base. Bitcoin is an intangible asset, with no physical asset or real-world commodities backing it up. One of the things you are likely to hear about Bitcoin trading and Bitcoin as an asset is that it’s all speculative. As a Bitcoin trader, this statement might sting you a bit, but that doesn’t mean it’s not true. Values of 70 or above indicate that an asset is becoming overbought and may be primed for a trend reversal or experience a correction in price – an RSI reading of 30 or below indicates an oversold or undervalued condition. The price volatility of Bitcoin over the last 30 days is 70.25%.

Bitcoin Halving ‘event’ Inspires Record Price Predictions

Mizuho anticipates that roughly 60% of this will go on Bitcoin – potentially adding up to 3% to the cryptocurrency’s market value. Cardano was released in 2015 and has spent most of its time since ranked within the top ten cryptocurrencies by market value. At one point in the last three months, the market cap of ADA had risen so much that it was briefly the third-largest cryptocurrency by market cap, lagging only behind bitcoin and Ethereum. Cardano currently boasts a total market value of close to $34bn, making it the fifth-largest cryptocurrency on that measure, shows data by CoinMarket Cap. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, or any of our other products work, and whether you can afford to take the high risk of losing your money.

The volume traded over the last 24 hours was $69,413,155,271, up from $50,875,839,680 yesterday. High volumes can indicate that a significant price movement has stronger support and is more likely to be sustained.

It’s one of the few cryptos I haven’t traded in my life,” Novogratz asks on Twitter. Billionaire Michael Novogratz, the current chief executive of Galaxy Investment Partners, took to Twitter last week to find out why ADA, which was trading as low as $0.12 in December, is now trading at around $1.02. Learn two complete trading strategies to optimize your trading for fast-moving markets. , a crypto-friendly travel booking operator, has announced an additional option for travelers to pay for booking through Monero . Although XMR may not be very popular with real-world platforms, the privacy-oriented cryptocurrency has made an impression with Travala, which has a good relationship with other crypto assets. “For years, our brand has been holding a reputation for being a leader in the field, with others following our footsteps,” added Glover. “While the bitcoin flow picture was dominated by institutional investors during Q4 2020, the flow picture has been more equally balanced between retail and institutional investors in the current quarter,” analysts at JP Morgan said in a note on Friday.

“With a growing dominance, bitcoin and other cryptocurrencies must be held to the same standards as the rest of the financial system with a robust, workable international framework.” The price decline came amid reports that India could ban cryptocurrencies altogether, potentially cutting off one of the biggest markets in the world. The global cryptocurrency market has tanked 14% in the last 24 hours, according to The slump was led by bitcoin, which accounts for 60% of the cryptocurrency market by value. Bitcoin (BTC-USD) was down 12.5% to $48,876.16 by 8.15am Tuesday in London. eToro is the world’s leading social trading platform, offering a wide array of tools to invest in the capital markets.

Relevance is automatically assessed so some headlines not qualifying as crypto currency news might appear. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services.

Only 21 million Bitcoins can ever be mined, out of which 18.5 million are already in circulation. Once they are all mined, the supply will stay static, and the price will only be controlled by the demand. You probably know that the price of oil fell into the negative territory for the first time in history during 2020. That’s because people were locked in, transportation was limited, planes weren’t flying, and the global demand for oil shrunk considerably as virtually the whole world went into lockdown mode.

Miners are then selected from those with a stake to add blocks to the chain. Holders can allocate their coins to “pools” and earn a cut from the transaction fees generated when they are confirmed and added to the blockchain. Uncertainty about the drivers behind Cardano’s rise has not deterred retail investors from taking a punt on the cryptocurrency.

Bitcoin Price Surges As Cryptocurrency Gets Christmas Boost

Our experienced market strategists and reporters help you make sense of the moves, and themes driving investments and trading. Our aim is to provide quick and relevant and actionable content to support cryptocurrency traders and investors.

The “market” that sets the price of Bitcoin is mostly made up of investors since it’s not a physical commodity with real-life usage. But ironically, almost the same rules/trends govern the Bitcoin market as well. The first is how “crypto investors” are shaping the crypto market, and the second is how “Bitcoin” investors are shaping the broad crypto market.

You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. This area of the site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc.

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