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

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...

CHINA 2016 BITCOIN BOOM COMEBACK? YUAN HITS 11-YEAR LOW AGAINST THE DOLLAR

Bitcoin’s price has marked a spectacular increase of around 10 percent over the past couple of days in a move that was nothing if not sudden. Comparing Bitcoin’s situation now to that of 2016, analysts and industry experts think that the instability of China’s yuan relative to the dollar could soon shift the country’s position with regard to crypto. China’s Bitcoin Fever in 2016-2017 Many are comparing Bitcoin’s parabolic price movement of 2019 to that of 2016 and 2017, when the cryptocurrency reached its all-time high price of around $20,000. Now that Bitcoin is up more than 270 percent since the beginning of 2019, it seems only reasonable to make the comparison. However, many industry experts and analysts, including Alex Saunders, CEO and Founder of Blockchain Education, tweeted that one of the key differences between then and now was China’s position. Notably, back before China issued a blanket ban on all crypto trading and exchange operations, the country wa...