Skip to main content


It appears that the bears have taken control of the market as Bitcoin, as well as almost all major cryptocurrencies, are in a decline. At the time of writing, Bitcoin’s price was hovering between $9,700 and $9,800, marking a 2.82% loss on the day.
Major altcoins are also bleeding, apart from EOS which has seen a slight gain of about 2%. ETH and XRP have charted losses of 1.98% and 1.28% respectively, trading around $207 and $0.308.
The total crypto market cap is ~$266 billion. Bitcoin’s market cap is ~$173 billion, and the BTC dominance rate stands at 64.9%.



Major Crypto Headlines



TRON Down 13% After Justin Sun Postpones Lunch With Warren Buffett. TRON CEO Justin Sun has postponed his long-awaited lunch with Warren Buffet because of a sudden medical condition – namely, kidney stones. Following the announcement, TRX suffered a steep decline.
TradingView Counts Over 2.5M Active Bitcoin Traders. The charting website for both cryptocurrency and conventional assets reportedly has over 2.5 million active users who trade Bitcoin. It’s a significant increase from December when that number was 1.2 million.
US Senate to Hold Hearing on Crypto, Blockchain Regulatory Frameworks. The regulatory situation with cryptocurrencies in the United States remains somewhat uncertain. However, the US Senate Banking Committee will engage in a broader debate on the regulatory framework of crypto and blockchain.



Today’s Most Significant Winners and Losers



Proton Token (+154.36%)
While most of the coins and tokens in the market are painted in red, Proton Token (PTT) traders should rejoice as the token surged 154.36% against the US dollar over the last 24 hours. At the time of this writing, Proton token is trading at $0.000715 with a market cap of $2,087,154.
Smartshare (+79.08%)
Smartshare (SSP) is the second-biggest winner today. The token’s price increased by 79.08% against the dollar and is currently trading at $0.001768. The Smartshare project has been gaining traction, and its daily trading volume has surged above $2.3 million.
EveryCoin (-50.93%)
EveryCoin (EVY) has taken a downturn. At the time of writing, the token was trading at $0.000110, down by over 50% against the dollar in the past 24 hours. EVY began the day at $0.000224, hitting its highest mark at $0.000329. Daily trading volume also declined to $276,834 across all exchanges. 

Comments

Popular posts from this blog

As Australia Burns, Binance Donates $1 Million Worth Of BNB

Australia is in severe pain as massive bushfires spread across the country with a staggering 10 million hectares of land consumed by the ferocious flames, leaving at least 2500 buildings destroyed and 25 people and 500 million animals dead. Binance To Help With Australia’s Distress Many institutions and people from around the world, including foreign governments, private institutions, celebrities, and everyday people, have responded to the country’s current situation by offering prayers, thoughts, and donations to the Australian burnfire relief. One of the latest donations comes from the Binance Charity Foundation, the blockchain-based charity division of the world’s leading crypto exchange Binance. Binance Charity announced January 7 that it had made a $1 million (A$1.45m) worth of BNB donation as a lead for its new charity project, Australia Bushfire Donations, to raise funds for the dire situation in Australia. According to Binance, the funds raised in the new initiat...

Legendary Rock Star Gene Simmons Buys Cardano (ADA) Worth $300,000

Famous rock star Gene Simmons continues his cryptocurrency adventure, this time investing $300,000 in Cardano (ADA). Gene Simmons, the legendary KISS bassist, has made another dip into cryptocurrencies. The famous musician has expressed his belief in Cardano, presuming 2021 would be “the most productive year” for the altcoin. Believing in the Future of Cardano Rock star Gene Klein, aka Gene Simmons, has appeared in online social media with yet another pro-cryptocurrency commentary. This time KISS’s legendary bass guitarist has expressed his opinion on Cardano and its native digital coin ADA. In his  recent publication  on Twitter, Simmons explained one of his fundamental personal reasons for  investing  and holding the altcoin. The musician pointed out that he believes in Cardano because of Hoskinson (Charles) – Cardano’s creator and co-founder of Ethereum. In his tweet, the musician expressed his trust in the altcoin hopping on Hoskinson’s envision that 2021 would b...

Bitcoin Hash Rate Hits All-Time High: Here’s How It Works And How It Affects The Price

Bitcoin intelligence, data, and analytics firm Glassnode found the Bitcoin hash rate hit a new all-time high over the weekend, ten days before the Bitcoin halving event. In other words, miners are putting more computational power into maintaining the Bitcoin network. Because miners must venture electricity and capital intensive computer processors to mine Bitcoin, the increase in hash rate is a bullish sign. It means miners are after the Bitcoin rewards they get from maintaining the network. And they’re venturing the resources to go after those rewards. Is The Bitcoin Hash Rate Correlated With The Price? In general, the Bitcoin price and the hash rate are not correlated. The price is what buyers and sellers agree to pay for one Bitcoin, and there are many factors – external and internal – affecting the price. However, there is a relation between the two. While the price goes up, it’s more profitable to mine, which likely to cause more miners to turn on their mining equ...