How to Earn Cryptocurrency Dividends on Your Cold Storage Assets

The concept of cold storage predates the rise of cryptocurrencies. For investors, retaining assets in a secure environment is absolutely necessary for future-proof funds. As far as digital assets are concerned, extracting your wealth from cryptocurrency exchanges and custodial wallets to place them in cold storage is a wise course of action. The proliferation of lending protocols has made crypto cold storage even more tempting. Now, you can happily hoard your digital assets while earning […]

Aave’s LEND Token Dips 27% after Rising 10X; is More Pain Ahead?

LEND, the native token of Aave’s non-custodial protocol surged by more than 1,000 percent in just three months. The parabolic rally helped the cryptocurrency establishing an all-time high at $0.384 earlier this week. Nevertheless, the top formation resulted in profit-taking among daytraders, sending the LEND price lower by 27 percent. A Santiment report warned about an extended bearish move based on the growing divergence between the LEND price and its number of active addresses. LEND […]

Bitcoin Analyst Warns of “Insane Shakeout” as Price Breaks Below $9.6K

Bitcoin rallied above $9,600 during the afternoon hours of the New York session Thursday. But it corrected lower on profit-taking sentiment among daytraders. Market analyst Ryan Scott warned that Bitcoin could undergo an “insane shakeout wick.” Bitcoin price held steady on Friday despite correcting below $9,600 following a supersonic rally yesterday. The benchmark cryptocurrency established a quarter-to-date top at $9,686 as bids for safe-haven assets, including gold, picked momentum against rising unemployment claims, and US-China […]

Will the Stock Market “Cobra Effect” Economists Warn Of Also Strike Bitcoin?

A Wall Street veteran is warning the “biggest cobra effect in the history of economics” is about to hit the stock market. And it could have a dramatic impact on Bitcoin and the rest of crypto. But what exactly is the “cobra effect” and in what ways will this impact the cryptocurrency market? Cobra Effect Could Crush The Stock Market, Wall Street Vet Warns Larry McDonald is a Wall Street veteran, CNBC contributor, and New […]

Not a Bitcoin Breakout: Fractal Suggests Crypto At Risk of Plunging

Bitcoin climbed higher in the last 24 hours, breaking above the $9,500-mark for the first time in a month. The jump helped improve the cryptocurrency’s short-term bullish sentiment after weeks of a sideways trend. Nevertheless, a convincing fractal from 2019 shows that the upside enthusiasm may live shorter than expected. This week saw Bitcoin breaking out of its narrow trading range to leap over $9,500, a level it last touched on June 23. The benchmark […]

A 4-Month High Bitcoin-Gold Correlation Hints at a Bullish Market Sentiment

The correlation between Bitcoin and its traditional rival Gold reached a four-month high on July 22. At the same time, the cryptocurrency’s correlation with the S&P 500 index plunged to its one-month low. The readings appeared as the US 10-year Treasury real yield sank to a record low last seen in 2012. The proximity between Bitcoin and Gold is growing as investors look for havens against an underperforming US bonds market. A report fetched by […]

Why Silver’s Perfect Storm Surge Won’t Spill into Crypto

Cryptocurrencies like Bitcoin and altcoins are suddenly heating up once again, thawing out of their long extended crypto winter. Alongside crypto, precious metals are also rallying potentially due to the two asset classes sharing similarities, such as scarce supply. But a sudden “perfect storm” causing silver prices to surge sky-high shouldn’t have investors expecting a similar breakout in altcoins – the silver to Bitcoin as digital gold. XAGUSD Surges By Over 18% To $23 A […]

Bloomberg Hilariously Lists Bitcoin As A Space Stock

Bitcoin and the rest of the financial world is serious business, but every once and a while an accidental moment comes along that provides a needed break and laugh. One of those moments came recently via Bloomberg Business, which listed the cryptocurrency as a space stock. And while Bitcoin may be on a moon mission, it is not related to space in any way, making the slip up that much more hilarious. Bitcoin Listed As […]

How The Stock Market’s Great Rotation Resembles Bitcoin and Altcoin Relationship

The S&P 500 just closed its strongest weekly performance against the Nasdaq Composite in the last four years in what analysts are calling a “Great Rotation.” The trend of shuffling capital closely resembles what’s taking place across the crypto market with Bitcoin and altcoins. Is this “Great Rotation” essentially the stock market’s version of alt season? And what are the factors driving this interesting investment phenomenon? S&P 500 Beats Nasdaq Composite For First Time In […]

Top 3 CashBack Crypto Services to Watch

Who doesn’t love rewards and rebates? The cashback concept appeals to pretty much everyone and goes some way towards assuaging the guilt that tends to follow an indulgent spending spree. Earning a modest percentage of your transaction value back in the form of in-store credits, discounts or cashback is a fixture of the modern commerce experience, with new schemes even granting rewards in cryptocurrency. If you’re keen to generate a passive income in your preferred […]

Crypterium Becomes an Official VISA Europe Partner, Launches New Crypto Payment Card

Cryptocurrency adoption relies heavily on companies and services making digital currencies as easy to use as cash. Decentralized finance, and second-layer payment technologies have played prominent roles in widespread reach and acceptance of cryptocurrencies.  One company that is doing it differently is Crypterium. Through a unique offering combo of crypto banking options, a wallet, and a payment card, Crypterium is redefining crypto adoption. The company recently became an official VISA Europe partner and announced the […]

Flat or Breakout: What to Expect from Bitcoin This Week

Bitcoin sentiment seldom improved this past week as it remained stuck inside a $150-wide trading area. Traders maintained their distance from the top cryptocurrency while shifting their focus on the DeFi market. All eyes now remain on how the S&P 500 index performs. The US benchmark has formed a record positive correlation with Bitcoin. A clueless Bitcoin is hanging between a booming DeFi craze and a choppy US stock market as it enters the new […]

A Big Bitcoin Boom Ahead as Data Shows Rising Inflation Fears

Bitcoin expects to undergo a significant rally as a top economist predicts an inflation bias after 12-18 months. The analogy comes after demand for inflation-protected bonds spike in the US, showing investors expect consumer prices to increase in the future. Bitcoin has shown higher adoption in countries with a higher inflation rate, a narrative that prompts some to see it as an alternative to fiat money. It has been a boring couple of weeks of Bitcoin […]

Everything You Need To Know About The Bitcoin Scam Behind Twitter Hacks

Last night, the Twitter accounts of major celebrities, influential figures, and politicians were hacked to promote a Bitcoin scam. Due to how many followers these high-profile accounts have, news and rumors spread like wildfire. But what exactly went down that led to accounts like Joe Biden, Kanye West, Bill Gates, Apple, Bitcoin, and several others to be hacked? Here’s everything we know so far about the hack and the hackers behind the brazen cryptocurrency scheme. […]

Analyst Explains Why a Bitcoin Crash is Good News in Disguise

Bitcoin stands stuck inside a $250 trading range for more than two weeks. The cryptocurrency’s volatility and daily trade volume are, meanwhile, heading down, raising the possibility of a price breakout. An open survey conducted by Josh Rager, a renowned market analyst, found that a majority of traders expect Bitcoin to break to the downside. Nevertheless, Mr. Rager believes that the next Bitcoin crash is good news in disguise. Bitcoin risks crashing in the coming […]

Booming DeFi Craze Decouples Bitcoin From Stock Market

The last 48 hours of trading have witnessed Bitcoin decoupling from the US stock market. The cryptocurrency traded sideways with a bias modestly shifted towards bears. On the other hand, the S&P 500 moved in the opposite direction. This lack of short-term positive correlation coincides with a booming DeFi craze. Bitcoin appears to have decoupled for the US stock market as one broad phenomenon in the cryptocurrency market takes over traders’ conscience: the DeFi. Also […]

Why Hasn’t Bitcoin Followed Stocks Rallying On Positive Vaccine Data?

Overnight, news broke that early trial human patients developed a “robust” immune response to a potential virus vaccine from Moderna. Stock futures soared over the news, and the stock market opened today higher as a result. But even despite an ongoing correlation between Bitcoin and the S&P 500, the cryptocurrency isn’t following this pump. What’s the reason behind Bitcoin lagging on positive news that sent the stock market back to retest recent highs? Early Stage […]

Bitcoin Cautious As Analyst Predicts Pullback in Risk-On Markets in July

Bitcoin is trending sideways within a $300 trading range for the last two weeks amid growing uncertainty in risk-on markets. Traders expect the cryptocurrency to attempt a breakout but remain unsure about the direction of the next price move. Meanwhile, analyst Larry Williams suggests the S&P 500 could climb further only to fall back hard by the end of July. Bitcoin and the S&P 500 have formed a record high correlation in recent weeks. No […]

Analyst Sees Bitcoin in Months of Downtrend as Institutional Interest Dips

Institutional capital flow into Bitcoin has decreased since its last attempt to break above $10,000. The “lack of interest” has led to a concerning drop in the Chicago Mercantile Exchange’s (CME) Open Interest Money Flow index, according to analysts at Phi Deltalytics. The last two plunges of a similar scale followed at least three months of bearish correction. Bitcoin is losing its institutional clients, according to a technical indicator that measures the money flowing into […]

Bitcoin “Compression” Fractal from 2019 Hints Big Breakdown Ahead

Bitcoin is at risk of undergoing a significant breakdown as it consolidates inside a compressive technical pattern. The analogy surfaced as an analyst compared Bitcoin’s latest trend with the one from 2019. He noted that the cryptocurrency consolidated inside a similar Symmetrical Triangle range last year before breaking down towards $6,500 from $14,000-top. As Bitcoin’s modest rally this week comes to halt, analysts have started expressing their worries of a bigger downside move ahead. Cryptocurrency […]