Analyst firm Santiment reports that sentiment toward cryptocurrencies has fallen to an all-time low in 2021 – even as some experts continue to lower bitcoin’s $400,000 price target. Sentiment changed this week after Bitcoin fell below $60,000 to its current price of $56,300 and Ethereum fell below $2,000, according to Santiment. Ether is currently trading at $1,986. Crowd sentiment towards #Bitcoin and #Ethereum seems to have fallen into extremely negative territory after $BTC fell below $60k this week and $ETH fell below $2k. Historically, buying at these #FUD and fear levels is a #bullish opportunity. https://t.co/u7LKbvoqSt pic.twitter.com/ZTxQFroEfM – Sentiment (@santimentfeed)…
Author: Gordon James
Gordon James
Gordon James is a crypto journalist who loves to write about the latest news and trends in the blockchain world. He has been following the cryptocurrency space since early 2017, and is fascinated by the potential that blockchain technology has to change the world. In his free time, Gordon enjoys hiking and spending time with his dog, Tucker.
The American business magazine Forbes recently published its documentation of the world’s richest billionaires for 2021. According to the list, which is published every March, there are currently 12 billionaires working directly in the cryptocurrency industry, and the list of crypto-billionaires is three times larger than last year. Current list of crypto billionaires Since March 1987, Forbes has been publishing a list of the world’s richest billionaires for all to see. Yoshiaki Tsutsumi, then a Japanese businessman and real estate tycoon, was the richest man in 1987 with an estimated fortune of about $20 billion. Since then, Forbes has used…
While many cash exchanges show stable prices in a few select areas of the world, bitcoin is selling at a premium. This is now the case in South Korea, where there is a price differential on South Korean domestic exchanges compared to foreign exchanges, also known as the kimchi premium. Bitcoin, Ethereum and Bitcoin Cash are granted in South Korea Bitcoin prices on the domestic crypto currency exchanges in South Korea are much higher than on most exchanges around the world. For example, the price of bitcoin (BTC) reached $58,500 per unit Tuesday morning (EST). However, in South Korea, BTC…
PRESS RELEASE. PotCoin (Ᵽ) is migrating from its old blockchain to Nexus (NXS). PotCoin has made Nexus the platform of choice, believing that together they will best serve the growing cannabis industry. The North American recreational and medical cannabis market is already worth $17.7 billion in 2021 and is expected to reach $47.3 billion by 2027 [1], with an estimated annual growth rate of 44 percent. As cannabis is increasingly decriminalized and legalized around the world, the potential for economic growth is exponential. After careful consideration, PotCoin has identified Nexus as the most suitable platform to support its ambitions in…
Sales of illiquid tokens (NFTs) and collectibles are beginning to decline, and interest in NFTs is waning. Moreover, according to James Surowiecki, author of Crowd Wisdom, an oversupply of NFT could hurt the market. Unreadable chips were all the rage in 2021, and the industry has become very popular in recent months. In the period from 7 to 13. In March 2021, the Google searched term NFT in the US reached a record 100 in Google Trends (GT). Since then, according to today’s GT data, the number of NFT filings in the U.S. has dropped to 92 next week and…
The price of bitcoin (BTC) is showing signs of recovery after breaking through the $40,000 resistance zone. The combination of optimistic data points about the blockchain and a favorable market structure has analysts and traders anticipating an imminent breakout of bitcoin to a new high. In the short term, the $38,000 and $40,000 levels remain the biggest hurdles for bitcoin. The further BTC moves away from the $40,000 level, the greater the chance of a potential correction. Therefore, it is very important for bitcoin to pass the $40,000 mark and stay above it in the near future. Bitcoin has spent…
The founder of Stone Ridge Asset Management and New York Digital Investment Group (NYDIG) sees a wall of money in bitcoin, according to his firm’s order book. The top executive believes that institutions are just getting started and that we will see an explosion of traditional bitcoin-based financial products within a year. NYDIG optimistic about Bitcoin Ross Stevens, founder of Stone Ridge Asset Management and NYDIG, shared his views on the institutional adoption of bitcoin in an interview with Michael Saylor, CEO of Microstrategy, last week. Stevens founded Stone Ridge in 2012 and NYDIG in 2017, where he currently serves…
Cointelegraph’s latest interview with Crypto.com CEO Chris Marshalek to understand the catalysts that will take crypto to 200 million users. For more on crypto and blockchain related content, visit and subscribe to Cointelegraph’s YouTube channel! When will the adoption take place? According to a study by Crypto.com, it took more than a decade for cryptocurrencies to reach 100 million users, or ~1% of the world’s population. But Marshalec expects the next 100 million users to come in a much shorter time frame. He said: From 100 to 200 million will be much, much faster than from 50 to 100 [million].…
The price of bitcoin reached a new all-time high on Monday after the community discovered that Elon Musk’s Tesla has added $1.5 billion in bitcoins to the company’s balance sheet. Bitcoin is currently above the $43,000 mark and has a total market capitalization of about $814 billion as of today. Emergence of cryptocurrency markets in price Bitcoin (BTC) made a jump of thousands of dollars on Monday after Tesla bitcoin news made headlines and went viral on social media. The price of BTC has reached a whopping $44,899 per unit, and since the peak, the price has begun to decline.…
Bitcoin’s longest maturity expires on the 26th. March. More than $6 billion in bitcoin (BTC) options expire Friday on all exchanges, with most of those options on deribits. This will be a record low in terms of value and number of options, with only 100,400 bitcoin options. The previous record was set in January, when nearly $4 billion worth of options expired, representing 36% of open interest at the time. The sharp drop in options comes amid a rapid increase in open interest in the bitcoin options market. Bitcoin’s IO has increased by more than 147% since the beginning of…