60-sec comparison between Proof of Work and Proof of Stake – oversimplified, but hopefully useful 🤓
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There’s been a lot of action in the world of cryptocurrencies over the last 12 months and a myriad of metrics have changed. A recent report from forexsuggest.com shows that dogecoin fees saw the largest increase since January 1, 2021, jumping 4,230% in a year. Ethereum’s transaction fees were the most expensive at the end […]
FRONT, DG and QSP join the list of altcoins that surged more than 40% after BTC recovered the $38,000 level.
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Ahead of Wednesday’s FOMC meeting, cryptocurrency markets were once again trading higher, with polygon (MATIC) being one of today’s biggest gainers. Despite the top 20 mainly trending upward, some in this list were mainly lower during the course of the session. Biggest Gainers Polygon (MATIC), which was one of the biggest gainers within the top […]
COVID. All the predictions of OMICRON disaster were wildly overstated. Here in the UK, ALL restrictions will be permanently abolished from this Saturday. The same in several other European countries. Ukraine. Despite the chest thumping, there will be no major conflagration in Ukraine. Russia cannot afford to lose face and will back down – whilst…
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edit: Things have turned a little sour in the meeting. The follow up press conference didn't sound that bullish. While the minutes indicated that there is no increased rates from what's already planned, JPow had some hawkish undertones in his answers. Nothing sounded too dovish. And he is even now saying there could be increases.…
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During the January crypto derisking carnage, it seems small cap altcoins have come out as the losers as they look to end the month 35% in the red. Small Cap Altcoins Suffer The Largest Losses In January Bloodbath As per the latest weekly report from Arcane Research, it looks like the smaller the coins, the greater have been their losses during the January carnage. Based on the market cap of each crypto, all the coins can be put into different groups. These “market cap weighted indexes” include mainly three divisions, the “large cap index,” the “mid cap index,” and the “small cap index.” The below chart shows how all these major altcoin indexes performed over the month of January as compared to Bitcoin: Bitcoin seems to have been the crypto that has lost the least this month | Source: The Arcane Research Weekly Update – Week 3 As you can see in the above graph, all the altcoin indexes have observed double digit losses in the month of January so far. While the other indexes have registered returns in the negative 20s, the small cap index has been even deeper in the red, observing losses of around 35%, making the index the clear loser for the month. Related Reading | Bitcoin Whales Take Advantage Of Market Crash To Gobble Up Millions In BTC Trailing the small cap index are the mid cap and large cap cryptos, both approaching the end of the month with 28% losses. Bitcoin has been the “winner” this month as its value has fallen slightly less over the month, currently sitting at -26%. BTC’s dominance has also seen a sharp increase over the past week, rising above 40% for the first time since November of last year. The below table shows how the share of the market cap of the top cryptos has changed over the last seven days. BTC’s dominance has risen more than 2% in the last week | Source: The Arcane Research Weekly Update – Week 3 The report suggests that with altcoins losing some of their share of the total crypto market to Bitcoin, it seems the altcoin season may have finally come to an end. Related Reading | Market May Be Suffering But Bitcoin And Ethereum Will Pull Back Stronger, Bloomberg Analyst BTC Price At the time of writing, Bitcoin’s price floats around $37.9k, down 10% in the last seven days. Over the past month, the crypto has lost 25% in value. The below chart shows the trend in the price of BTC over the last five days. BTC’s price seems to have recovered some over the last couple of days | Source: BTCUSD on TradingView Following the crash down to $33k, Bitcoin’s price has rebounded back with sharp uptrend to $38k in the last two days. Featured image from Unsplash.com, charts from TradingView.com, Arcane Research