The rotation from bitcoin into ether could point to a 2017-style correction in the crypto market, research firm says (BTC-USD, ETH-USD, DOGE-USD)
Monday, 10 May 2021, 21:18:57
Summary List Placement Prices for Bitcoin and other cryptocurrencies have boomed this year, in part on growing acceptance of digital assets by Wall Street and corporate America, but a broader correction in the market appears to be brewing and it's reminiscent of bitcoin's slide in 2017, one research firm said Monday. Bitcoin so far in 2021 pushed above $1 trillion in market capitalization and hit an all-time high of $64,804.72 on April 14, the same day that Coinbase , the largest cryptocurrency exchange in the US, began trading as a public company. Dogecoin last week surged to a record high of over $0.73, according to CoinGecko, and ether , the token tied to the Ethereum blockchain, on Monday notched a record high of $4,221.20. Bitcoin and ether are the two largest cryptocurrencies by market capitalization . “The meteoric rise in cryptocurrencies has a whiff of deja vu,” to bitcoin's move in 2017 when a months-long rally catapulted it to become the best-performing crypto asset, said Vanda Research, which tracks retail investing activity, in a note Monday. “When the rally started to look tired in November , investors rotated to lesser-known altcoins like Ripple and Ethereum, which quickly became household names, too,” wrote Ben Onatibia, head of markets at Vanda Research.
— Business Insider
What is Twitter’s new ‘Tip Jar’ and how does it work?
Friday, 7 May 2021, 15:43:28
Now you can send money to your favorite content creators on the platform, using services such as Venmo and PayPal.
— New York Post
PayPal 1Q21 Earnings: Publicis Sapient EVP Reaction
Thursday, 6 May 2021, 21:57:18
With Paypal Holdings Inc (NASDAQ:PYPL) having just released their Q1 earnings report I wanted to offer up fresh comments from Publicis Sapient, Executive Vice President, Financial Services, David Donovan. Q1 2021 hedge fund letters, conferences and more Paypal’s Strongest Q1 Growth Paypal, reporting their strongest Q1 growth in their history, has shown incredibly robust profitability […] The post PayPal 1Q21 Earnings: Publicis Sapient EVP Reaction appeared first on ValueWalk .
Is PayPal Safer Than a Credit Card?
Thursday, 6 May 2021, 20:02:43
Is PayPal safe compared to a credit card? Is it safe to use PayPal with debit cards and bank accounts? Check out our article for all the answers.
Why Micro Bitcoin Futures Are A Game Changer
Thursday, 6 May 2021, 16:47:23
Bitcoin has risen over 100% in 2021 and has surged more than 600% in the past 12 months. It recently breached the $1 trillion market capitalization for the first time. Acceptance and adoption have driven bitcoin to current levels. Companies such as Tesla have indicated that they will accept bitcoin payments from customers, and fintech giants PayPal and Square offer users the ability to buy and sell cryptocurrency, and potentially even transact them at stores. The sheer market cap of the cryptocurrency space, which now stands at over $2 trillion, is simply too large for institutional investors to risk missing out. CME Bitcoin futures have witnessed 40 successful futures expiration settlements, with over 8,000 individual accounts trading the contracts. Year to date, 12,500 CME Bitcoin futures contracts (equivalent to approximately 62,300 bitcoin) have traded on average each day. While futures have become an important tool for institutions, the level of capital needed to access the futures market has significantly increased (e.g., 5 bitcoin x $63,000 for one of CME’s standard Bitcoin futures contract at the highs), which has priced many participants out of the market.
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