Author: finance
As we delve deeper into the digital age, the incorporation of Bitcoin into corporate treasuries has witnessed an astonishing surge. This trend, unnoticed by many, is gaining traction at an alarmingly rapid pace. Bitwise’s Chief Investment Officer (CIO), Matt Hougan, in his recent memo, asserts that hundreds of corporations worldwide will integrate Bitcoin into their treasuries within the next 12-18 months, propelling the Bitcoin market to greater heights. Emergence of a Bitcoin Megatrend Hougan’s memo, “Companies Buying Bitcoin: An Overlooked Megatrend,” spotlights how this trend is far more pervasive than generally perceived. While MicroStrategy and its founder, Michael Saylor, often…
As we step into the dawn of a new year, the Bitcoin (BTC) market has once again become the focus of the financial world. Despite starting on a bullish note, the premier cryptocurrency quickly lost ground, slipping below $95,000 and stirring uncertainty among investors. This article aims to shed light on how the most valuable cryptocurrency may fare by the end of the month by examining Bitcoin’s historical returns and price patterns. History of Bitcoin Returns in January To better ascertain Bitcoin’s potential trajectory, we delved into the data sourced from the Coinglass platform, calculating Bitcoin’s average and median historical…
Delving into the world of cryptocurrency, it appears that Bitcoin’s smallest investors, fondly referred to as the ‘Shrimps,’ are once again accumulating the digital asset. As per an analysis provided by on-chain analytics firm Glassnode, these investors who hold less than one full token in their wallets have increased their share of the total supply to a notable 6.9%. Bitcoin’s Small Investors are Resurfacing Glassnode’s report gives a fascinating glimpse into the behavior of Bitcoin’s modest investors. The trend in the supply held by the Bitcoin Shrimps, which had been on a downward trajectory until recently, appears to have reversed…
The recent surge in Ripple’s price, breaking through the $2.50 mark, has captured the keen attention of the crypto market. Numerous technical signals and a growing interest in XRP indicate that the cryptocurrency is set for a significant period. However, the question remains: could Ripple hit 10 euros? With its social engagement soaring to new heights, Ripple accounts for 5.8% of all crypto conversations. These discussions often precede a notable market movement, yet investors must remain cautious of speculative behavior leading to increased volatility. The Impact of Social Dominance on Price Movement Historically, an increase in social dominance correlates with…
The Italian banking giant Intesa Sanpaolo has taken a significant leap into the world of digital currencies, acquiring $1M worth of Bitcoin (BTC). While this is relatively modest when juxtaposed with the recent $101M purchase by MicroStrategy, it is a significant foray into the crypto sphere for Italy’s financial sector and may set the tone for other players within the industry. A New Wave of Crypto Acceptance in Italian Banking The revelation of the Bitcoin purchase, confirmed by the head of the Trading and Investment division for Digital Assets at Intesa Sanpaolo, Niccolò Bardoscia, was first unveiled on the online…
In the ever-evolving landscape of digital currencies, Finances Zippy brings you the latest update: Tether, the globally acclaimed stablecoin provider, has revealed its intention to establish its headquarters in El Salvador. Following their successful procurement of a Digital Asset Service Provider (DASP) license—an important accomplishment in their quest for increased Bitcoin adoption globally—Tether sees the move as its next step forward. Relocation Plans: Tether Sets Sights on El Salvador Taking a closer look at Tether’s intended move, the company’s CEO, Paolo Ardoino, shared with Reuters that while the company’s founders and management team are relocating to El Salvador, rest of…
As we step into the second quarter of 2022, the world of cryptocurrencies is once again catching the investor’s eye. The recent market correction jolted many investors, but the potential for a better scenario is not to be overlooked. While popular altcoins each have unique attractions, building a strategic portfolio requires diversified investments. Here, we bring you three undervalued coins you should be watching. The Best Wallet ($BEST) The Best Wallet isn’t just for storing coins. It extends far beyond to be a cutting-edge cryptocurrency wallet. The vast ecosystem of Best Wallet includes a multi-chain wallet, an in-house DEX, a…
Venturing into the world of cryptocurrency, one witnesses the financial heavyweights such as institutional investors and corporations taking advantage of crypto market downturns to beef up their reserves of Bitcoin (BTC). A prime example of this is business intelligence juggernaut MicroStrategy, which has recently capitalized on a market dip to add 2,530 BTC to its stash. MicroStrategy Seizes Opportunity Amid Market Decline Fall in the crypto market is not a deterrent for MicroStrategy. The firm has persistently amplified its BTC cache for the 10th week in a row. An announcement by Michael Saylor, the CEO of MicroStrategy, revealed the procurement…
Diving into the world of emerging cryptocurrency trends, the Vote-to-Earn (V2E) protocol is quickly gathering steam. One project at the forefront of this trend is Flockerz, with its proprietary token, $FLOCK. Having recently raised a substantial $9.5 million during its Initial Coin Offering (ICO), Flockerz presents an exciting opportunity for investors. With a mere 11 days left to indulge in its discounted rates, investors have a limited but golden window to acquire these tokens at a lower price. Yet, the excitement around Flockerz’s pre-sale is rising, driven primarily by investors’ Fear of Missing Out (FOMO). Just within four days, nearly…
The popularity of the Shiba Inu dog-themed cryptocurrency, Dogecoin, has been an undeniable facet of the crypto market, particularly amidst turbulent economic conditions. Despite the market’s heightened volatility, Dogecoin has managed to maintain its position within key support levels, showcasing its resilience. Considering these factors, cryptocurrency analysts and enthusiasts point towards the potential of Dogecoin to surge exponentially within the year. The Potential Major Surge of Dogecoin in 2025 Prominent cryptocurrency trader, Trader Tardigrade, identifies 2025 as a crucial year for Dogecoin, which might witness its biggest rally yet. This prediction emanates from a broader consensus about Dogecoin’s capability to…