May 2021 / 54 posts found

Ethereum ($ETH) Dogecoin ($DOGE) Binance Cryptocurrency Price Warning Sounds – Bloomberg

by crypto journalist
Parabolic jumps in digital tokens such as Ether, Dogecoin and Binance Coin are outshining Bitcoin, prompting more questions about whether that segment of the cryptocurrency sector is ripe for a reckoning. The rallies have contributed to a slump in Bitcoin’s share of the $2.6 trillion crypto market to 43% from about 70% at the start of 2021, a metric that for strategists at JPMorgan Chase & Co. and DataTrek Research LLC may be a warning sign of investor excess in a range of digital tokens. Bitcoin’s waning dominance carries echoes of “froth” to the extent it’s being fueled “by a […]

Dogecoin, bitcoin: Shorting crypto using Coinbase for a summer trade

by crypto journalist
Could the cryptocurrency craze cool off come summer? Closely watched digital assets including bitcoin, ether, litecoin, dogecoin and ripple rallied Wednesday, fueled by a speculative frenzy around the space that has continued to drive demand in 2021. Dogecoin in particular has been surging ahead of Elon Musk’s upcoming “Saturday Night Live” appearance on May 8, with some traders expecting the Tesla CEO to create buzz for his favorite crypto. Musk is far from the only celebrity to throw their support behind the market. On Tuesday, “Tiger King” personality Carole Baskin announced a new digital coin, $CAT, for fans to buy […]

What’s the Difference Between Bitcoin and Ethereum? – Bloomberg

by crypto journalist
Yes, Dogecoin, the cryptocurrency that started as a joke and is now worth $90 billion, merits attention. But for those just beginning to take the field seriously, the two big names in the $2.2 trillion cryptocurrency market remain Bitcoin and Ether, the coin that fuels the Ethereum network. Bitcoin, the pioneer, has been on a tear, its value up about 500% in the past year. Yet it’s Ether that has been showing its older brother a thing or two, with a price jump of around 1,500% over the same period. While the top two digital coins share some attributes, they […]

Goldman Offers New Bitcoin Derivatives to Wall Street Investors – Bloomberg

by crypto journalist
Goldman Sachs Group Inc. is wading deeper into the $1 trillion Bitcoin market, offering Wall Street investors a way to place big bets. The investment bank has opened up trading with non-deliverable forwards, a derivative tied to Bitcoin’s price that pays out in cash. The firm then protects itself from the digital currency’s famous volatility by buying and selling Bitcoin futures in block trades on CME Group Inc., using Cumberland DRW as its trading partner. Goldman, which still isn’t active in the Bitcoin spot market, introduced the wagers to clients last month without an announcement. “Institutional demand continues to grow […]

Ethereum, Dogecoin And These Other Surging Cryptocurrencies Are Propelling The Market To $2.5 Trillion

by crypto journalist
Though the price of bitcoin has fallen over the past week, the cryptocurrency market is still soaring to new highs as investors plow into a booming crop of altcoins—or bitcoin—alternatives, minting massive gains and echoing the cryptomania that led to a massive 80% market correction less than four years ago. Bitcoin’s down 1% over the past week, but a slew of other top tokens are up as much as 41%. Key Facts The cryptocurrency market hit a record-high market capitalization right above $2.5 trillion just before midnight Monday, reflecting more than $200 billion in added value over the past week […]

Spacex to Launch Dogecoin Paid DOGE-1 Mission to the Moon – Bitcoin News

by crypto journalist
Spacex to Launch Dogecoin Paid DOGE-1 Mission to the Moon Spacex, the pioneer private space agency founded by Elon Musk, announced it will launch the DOGE-1 mission to the moon in coordination with Geometric Energy Corporation (GEC). The mission, whose objective will be to deliver a commercial payload to the moon, was paid in full using Dogecoin, the meme coin that has been made popular by Musk himself. DOGE-1 to The Moon Spacex, the innovative space exploration company that has been a pioneer in commercial spaceflight and in its plans for a planned trip to Mars, has announced today a […]

Ethereum Classic gains 300% in one week as traders rush to buy the ‘wrong Ethereum’

by crypto journalist
The “original” yet ironically “wrong” Ethereum and Telcoin (TEL) are leading a fresh altcoin surge this week. Bitcoin (BTC) fans are already calling time on the fun. Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder Barry Silbert, is up 300% in a week. ETC hits $180: Bull market or “casino market”? In the latest incarnation of the 2021 “alt season,” altcoins are passing the torch between each other as investors chase optimal gains. This year has also seen a curious shift in market focus from a token’s use case to the culture around it. This was epitomized […]

BTC price nears $60K showdown: 5 things to watch in Bitcoin this week

by crypto journalist
Fresh gains come as the weekend preserves previous performance and Bitcoin heads to $59,000 on Monday. Bitcoin (BTC) is challenging familiar but significant all-time highs as a new week gets underway, rallying to $58,000 on May 3. After a surprise rally on Friday, the largest cryptocurrency saw a slow comedown through much of the weekend. This turned on its head overnight on Sunday, however, and now BTC/USD is back fighting resistance near $60,000. Cointelegraph takes a look at what the coming days might have in store for Bitcoin price action with five factors that could help shape it. Bitcoin ignores […]

Billionaire investor Peter Thiel called out Apple and Google, warned about TikTok and bitcoin, and criticized China at a recent event. Here are the 17 best quotes.

by crypto journalist
Summary List Placement Peter Thiel called out Apple and Google for their links to China this week. The billionaire tech investor issued warnings about bitcoin, TikTok, and AI. Thiel wants to restrict US investors’ access to Chinese markets and vice versa. See more stories on Insider’s business page. Billionaire investor Peter Thiel warned bitcoin could serve as a “Chinese financial weapon,” criticized Apple and Google for their connections to China, and suggested TikTok should be banned in the US at a virtual event held by the Richard Nixon Foundation this week. Thiel, the vocal libertarian who co-founded PayPal and Palantir […]

Bitcoin Price Falls $8K to 3-Week Low, Altcoins Crash – CoinDesk

by crypto journalist
Bitcoin nosedived to three-week lows early Sunday, puncturing the frenzied speculative bubble built into several alternative cryptocurrencies (altcoins) in the wake of Coinbase’s recent debut on Nasdaq. This content was originally published here.