The overall BTC holding of the global private firms surged after February 2021. MicroStrategy, a prominent BI organization, is bullish on BTC with an AUM worth over $6 Billion. BTC holding of private firms increased by 400% in just a year. Source: Bitcoin.com The BTC amount held by private…
crypto market
The crypto market has witnessed significant digital asset outflows due to selloffs around Bitcoin funds. In the third week of June 2021, the total outflows by selling digital assets reached $79 million, marking the longest drawdown stretch since February 2018. The total outflows from Bitcoin funds were $89 million,…
The total crypto market capitalization has witnessed a loss of about $700 billion within just seven days The fall in Bitcoin price last week led almost 1/4th of the unique wallets holding Bitcoin to face major losses. However, the situation is strikingly similar to previous extreme market plunges that…
The most recent incident for the cryptocurrency market crash last week was identified as the banning of crypto based financial services by the Chinese government. The average usage fees for Bitcoin fell by 81% having reached an ATH of $62.77. During the same time, Ethereum fees dropped from around…
To prevent client exodus, UBS is considering offering investment opportunities in the digital assets space. Ralph Hamers, the new CEO of UBS, has been tasked to ax high costs and increase UBS’ revenue. UBS may offer digital asset investment opportunities through third-party investment vehicles. The Swiss banking behemoth UBS…
The current market cap of Tether is 50 billion dollars. From March 2020 to March 2021, Tether’s market cap has grown 900 percent. USDT outclasses USDC, the second-largest stablecoin by market cap, by a margin of over $39 billion. The increasing market for stablecoins has led to an upsurge…
In the last seven days, Bitcoin prices are down by over 21%. Bitcoin dominance stood at 50.1% on Thursday, its lowest in the last three years. Compared to Bitcoin dominance on 1st January 2021, the current Bitcoin dominance is down by over 8 percentage points. With Bitcoin’s current prices…
Bitcoin, the largest crypto-asset continues to gain institutional interest as Jack Dorsey’s Square reportedly invests $50 million in Bitcoin. CEO Jack announced on Thursday that Square has purchased 4,709 bitcoins, a $50 million investment which represents about 1% of the firm’s total assets. Square announced the acquisition of 4,709…
Prediction markets opened to a flow of activities after the recent developments on Mr. Trump’s health, witnessing an 8% swing in daily volume. Early Friday morning, the 2nd of October, American President Donald Trump shared a tweet, announcing that he and his wife Melania have just been tested positive…
Cryptocurrencies arrived at the global investment scene in 2009 and got real momentum from 2013. During the next five years, more than 1500 various cryptocurrencies were launched. In 2017, the cryptocurrency market saw a massive growth of 4000%, which provided lucrative options for both mass retail investors and VC…
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