Bitcoin Cryptocurrency News Market

What’s Happened to Gemini Dollar? Supply Down 92% YTD

Demand for Gemini exchange’s native stablecoin, Gemini dollar (GUSD), has dropped significantly over the last 7 months while other pegged-value assets continue to soar. Gemini Dollar Falls Behind The market capitalization of the dollar-pegged token has been on its way down since December 20, 2018. It has slipped from an all-time high of $103.106 million Read more…

Cryptocurrency News Ethereum Market

Will Ethereum-collateralized DAI resuscitate or will it collapse?

MakerDao’s stablecoin, Dai, which is collateralized with cryptocurrency [Ethereum by default], is collapsing, according to Preston Byrne. In his tweet thread, Byrne described that the peg for Dai has been weakening over the years and his prediction of it being “a bunch of twaddle” had turned out to be true. Since Dai is massively overcollateralized […]

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Shorts (Finally) Squeeze As Bitcoin (BTC) Settles Around $7,200

Bitcoin Shorts Finally Begin To Liquidate At last, the long-awaited short squeeze has begun to grace Bitcoin (BTC). For those unaware, over the past three or so weeks, the amount of money shorting BTC on platforms like Bitfinex and BitMEX has exploded, as the news regarding Tether and Bitfinex’s potential insolvency and the Binance hack Read more…

Bitcoin Cryptocurrency News

These Factors Are Pushing Bitcoin Price Above $6000

Bitcoin price reached a high of $5930 May 7 as renewed momentum fuelled a market surge towards the significant $6000 barrier. Bitcoin Price Highest Since November 2018 Data from traditionally more conservative price tracker Bitstamp showed BTC/USD trading just under $5900 at press time. The pair reached its highest value since November 2018 earlier on Read more…

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Binance Coin [BNB] rides second surge wave: 6.05% in an hour

Binance Coin is among the best performing cryptos in 2019. The token’s price surged by a massive 340% since the beginning of the year and doesn’t seem to be nearing an end. However, the coin was undergoing correction at press time, after consistently pumping by 12% over the past 24 hours. The price of BNB […]

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Bitcoin Crypto Analysis Cryptocurrency News Market

Bitcoin (BTC) Could Breach $330,000 In 2021 If 2017’s Bull Run Is Mirrored

Bitcoin May Soon See Another Parabolic Run Thursday saw Bitcoin (BTC) push past $5,500 yet again, despite the Tether “FUD,” sparking claims that a parabolic bull rally is around the corner yet again. One analyst, the self-proclaimed “cryptocurrency accumulation machine” Galaxy, claims that Bitcoin’s current monthly chart looks eerily similar to that seen in late-2015, Read more…