Category: Cryptocurrency News

The mains reason is that major retail companies HATE volatility and always opt stability. And stablecoins being, well… stable, will be a much more likely choice for retail companies to go for. I don’t think it would look good for a company to lose 50% of its revenue’s value in a matter of a couple…
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Welcome to the Daily Discussion. Please read the disclaimer and rules before participating.   Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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Crypto assets saw some wild swings in the day and are now trading to the upside. Risky assets are reacting to the FED’s decision to raise rates by 25-basis points, and the increasing global adoption might be adding weight to the boost. Related Reading | Expectations Of Aggressive FED Drop, Here’s Why Bitcoin Could Rise To $50K What Hikes? Crypto Reacts To The FED The Federal Reserve just lifted rates 25 basis points, raising rates for the first time since 2018. Six more hikes are expected in 2022. The markets have been experiencing volatility following expectations for a more hawkish FED, given the implications of the Russo-Ukrainian war, rising U.S. inflation, and increasing Covid-19 cases. In the day, the crypto market had a downward reaction first, which experts described as a fake-out, then started to react to the upside. Experts expressed during a Fox Bussiness Live that the FED is lagging behind and this move will not affect the economy. They added that the FED is giving investors a plain field to do well in stocks, “not worrying about the U.S. economy.” Similarly, the light interest raise hikes are looking positive for bitcoin and consequently for other crypto-assets as well. Chair Jerome Powell claimed that “the probability of a recession within the next year is not particularly elevated,” and added, “All signs are that this is a strong economy, one that will be able to flourish — not to say withstand, but certainly flourish — in the face of less accommodative monetary policy.” As NewsBTC has been reporting, the 25bps hike scenario looks bullish for Bitcoin for its more passive stance. As many believe the FED’s dovish move comes as a late reaction and will do little to nothing to the U.S. inflation, investors might be taking refuge in Bitcoin as it has happened before. Inflation is expected to remain high at 4.3% by the end of 2022, above the Fed’s annual target of 2.3%. Keeping savings in the bank only means a loss of purchasing power, and as a result, many people might start to see Bitcoin as a hedge against these losses. Cameron Winklevoss, the co-founder of Gemini, argues that the best way to shield yourself from rising inflation is Bitcoin. “Imagine paying a money manager 7.9% a year to do absolutely nothing with your money. That’s what inflation is. It’s a hidden management fee that comes with no return. Today, if you hold USD cash, you are paying the US government 7.9% to do nothing with your money. Scary.” Ukraine Sings Crypto Regulation Amidst the Russo-Ukrainian war, crypto has also been looking like the only feasible option to the people affected by the invasion and sanctions. Ukraine has benefited from crypto assets in several ways during the war. They have received over $108 million in donations in crypto-assets and reportedly, citizens have been able to use digital coins as a tool to safely take their funds with them when fleeing the country. Moreover, regulatory clarity for crypto in the U.S. and other places is expected. Many politicians are taking stances in favor of cryptocurrencies, and Ukraine’s president Zelensky is not lagging behind. Volodymyr Zelensky just signed a law “on virtual assets” to legalize crypto. An official statement says that this law “creates conditions for the launch of a legal market for virtual assets in Ukraine.” “The signing of this Law by the President is another important step towards bringing the cryptocurrencies sector out of the shadows and launching a legal market for virtual assets in Ukraine.” The deputy minister of digital transformation, Alex Bornyakov, expressed that they believe “that crypto industry offers new economic opportunities. We will do our best to bring the bright new future closer as soon as possible.” This does not mean cryptocurrencies are a legal tender in Ukraine, but crypto holders are now legally protected in the country. This favorable sentiment appears to be growing amongst many politicians and governments around the world, which could turn into a rapidly growing institutional adoption of crypto. As both Russians and Ukrainians have found themselves in need of an alternative to the traditional financial institutions, they have also sought refuge in bitcoin and stablecoins. Besides the functional side experienced by Ukrainians, Russians could be finding in crypto a refuge from their devalued ruble. This sets a worldwide example and could end in a positive scenario for the market. Related Reading | Leading News Outlets In Ukraine Aim To Secure $1 Million By Selling NFTs

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“The creator is where the power begins, and that’s where the power should stay”, states Run-D.M.C’s Darryl McDaniels.

Crypto is characterized by its highly volatile nature and even though the digital assets in this space have continued to live up to this reputation, investors remain undeterred. It is still one of the fastest-growing financial markets in the world with predictions of accelerated growth in the coming years. Recently, the space has slowed down significantly and as such, has seen declining values in the assets. Despite this, not all digital assets in the crypto space have suffered. Just like there are times where there is an exception to the rule, Small Cap altcoins have proven to be the exception this time around. While the rest of the market has been recording losses, these Small Cap coins are the only index that has remained in the green. Small Cap Coins Take The Cake Recently, as the market has tumbled, there has been an unlikely winner emerging from all the fracas. The Small Cap index is filled with altcoins whose market caps are still very small compared to their larger counterparts. Nevertheless, this has not stopped them from outperforming in times when no one has expected them. The last two weeks have been proof of this. Related Reading | Bitcoin Breaks Out Of $39K Idle Trend, But What Does $40K Hold? While the larger caps coins suffered major losses, small cap altcoins rallied. This was mostly due to the gains made by a single altcoin, WAVES, which has recorded 56% gains in the last two weeks alone. The gains from this digital asset propelled the rest of the Small Cap Index, putting them in profit while the rest of the market saw losses. The Bitcoin Index performed better than the rest of the larger cap digital assets though. Although returning losses, it saw 8% of losses in the same time frame, the lowest out of these Large Cap coins. Total market cap at $1.75 trillion | Source: Crypto Total Market Cap on TradingView.com The Large Cap Index had also followed the bitcoin downtrend patterns. This index saw 9% shaved off its value in the past two weeks, seeing the second-highest negative returns of all the indexes. Related Reading | Bitcoin Worth $1.2B Left Coinbase In Sign Of Continuous Institutional Adoption As for the Mid Cap Index, this one took the cake for the index with the worst performance. It saw 13% in losses in just the first two weeks of March alone. The Small Cap Index outperforming the larger cap indexes during times of downtrend is as unusual as it gets. Though it has happened it has been few enough that it is an incredible feat for the index to be in profit while the larger indexes fall in the loss. Featured image from Republic World, chart from TradingView.com

BTC currently trades around $40k and with miner earnings coming 99% from inflation and 1% from transaction fees. Within 10 years, BTC will undergo 3 more halvings. So by 2032, at least one of the following must happen: The price per bitcoin is $320K The hash power and network security is way down. Miners are…
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Regarding all the current hype about regulations and bans, this is just a quick reminder about what differs between decentralized crypto and banks. Banks can be censored and they are censored by states. All the time. It's even clearer now than beforehand. This ability provides to states an incredible power. Cryptocurrencies have been proposing decentralization…
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Market expectations were met as the U.S. Federal Reserve (FED) announced an interest rate hike of 25 bps pushing Bitcoin into the green. The cryptocurrency was hinting at bullish price action during the week, as today’s Federal Open Market Committee (FOMC) closed in. Related Reading | Mike Novogratz: Bitcoin Price To Range Between $30k-$50k Throughout The Year At the time of writing, Bitcoin trades at $41,300 with 5% profits on the last day. BTC’s price was able to break above this price point after a brief period of volatility as FED Chair Jerome Powell began its intervention. BTC’s price reacted to the upside and could continue on this trajectory in the short term, as the FED met market expectations. In the medium term, according to Material Indicators (MI), the FED projects 7 rate hikes that hint at a potential hawkish approach in monetary policy. This could translate into a headwind for BTC’s price and the crypto market. The U.S. financial institution is determined on reducing inflation which currently stands at a multi-decade high. However, reducing inflation could prove difficult in the current macro-economic environment with the war in Ukraine and supply chain obstacles. Bitcoin’s current price action moves in tandem with MI’s analysis. Expecting a rally in the short term, the analysts are still reticent to call in a BTC’s price bottom. Sharing the chart below, MI added: Although Bitcoin has been testing the 200 MA on a 3 Day chart since January and interactions with that range are rare, most traders are looking at the 200 Weekly MA to be a more valid level to bottom test. In addition, the analysts believe Bitcoin could resume a more persistent bullish trend if it’s able to reclaim previous lows and break above a new all-time high beyond $69,000. Bitcoin In The Long Term, A War For Global Dominance The War in Russia, inflation, supply obstacles, and the recent possibility for Saudi Arabia to start accepting the Yuan for oil transactions add to an already dangerous mix of uncertainty. 8/12 Now add in the news that Saudi Arabia is considering accepting #Yuan instead of Dollars for Chinese oil and you have an accelerator for more economic problems and market uncertainty. https://t.co/5by5PkH8Vf — Material Indicators (@MI_Algos) March 16, 2022 MI believes there is an ongoing war against the U.S. dollar as a global reserve currency. Driven by Russia and China, this conflict could potentially escalate leading to a “black swan event”, like during 2020 when the crypto market reacted to the COVID-19 pandemic. Related Reading | Current Stretch Of Bitcoin Fear Surpasses 2021 Selloff Bitcoin could come out on top in a world where decentralized and un-censorable money becomes a need for the global population. MI said: The possibility of WW3 makes talking about trading crypto seem petty, but you must plan and prepare for a black swan event. That means conservative risk management and preserving capital for what may be a life changing, generational buying opportunity.