$84,513.00
-0.79%$1,578.35
-1.83%$2.06
-1.15%$588.62
-0.13%$136.57
-1.52%$0.999902
-0.00%$0.244707
1.56%$0.153644
-2.64%$0.613955
-1.35%$1,579.15
-1.69%$84,439.00
-0.89%$9.32
0.19%$13.16
2.95%$19.45
-1.42%$2.99
1.23%$0.241959
-1.51%$0.00001244
1.98%$0.999884
0.00%$0.164579
-0.63%$2.10
-1.78%$1,886.42
-2.34%$332.71
-0.76%$3.89
4.19%$17.39
-3.51%$76.39
1.00%$0.999858
-0.16%$4.40
-2.87%$0.999737
0.08%$1,571.01
-2.45%$0.628469
-2.62%$27.99
-0.11%$217.83
2.08%$1,677.45
-2.16%$84,586.00
-0.67%$0.00000752
2.13%$5.24
-0.56%$5.04
3.85%$50.51
-0.58%$22.41
-0.46%$2.20
2.85%$305.91
11.45%$0.825555
-2.48%$1.049
0.08%$1.00
0.00%$15.99
0.76%$29.71
-11.35%$4.85
0.17%$0.082505
-1.44%$4.33
4.59%$0.660855
-0.57%$1.17
0.02%$138.27
-1.48%$0.02347354
0.57%$0.076612
-0.94%$4.13
-1.51%$4.23
0.01%$2.67
6.48%$84,506.00
-0.49%$0.192199
0.66%$0.18969
-0.75%$8.11
-2.18%$0.998279
0.03%$0.613451
11.26%$0.283299
0.02%$2.47
1.98%$0.462568
-1.35%$3.87
-0.77%$0.300096
1.21%$84,351.00
-0.85%$9.79
-2.10%$0.710991
3.80%$143.05
-1.22%$1,344.34
-1.99%$0.071737
-0.08%$0.389138
-0.04%$1.033
0.87%$0.01614155
-0.88%$3.73
-4.18%$0.659171
4.73%$0.776282
6.90%$66.05
2.02%$1,580.27
-1.86%$0.623734
2.16%$0.00001218
-1.92%$1,641.12
-2.04%$1.00
0.01%$0.17105
-0.34%$15.24
7.86%$0.999916
0.02%$0.472542
0.52%$1.00
-0.02%$0.999774
0.00%$3,351.74
0.12%$8.40
1.96%$0.814972
5.62%$0.600651
-3.12%$0.08248
1.26%$3,351.14
0.03%$1,772.56
-2.14%$83,798.00
-0.62%$588.73
-0.30%$0.01461783
2.03%$0.01573274
5.59%$84,568.00
-0.62%$0.998074
0.04%$0.672534
-4.07%$150.74
-1.54%$0.270848
2.16%$0.656563
-1.59%$0.708962
0.50%$175.71
-1.54%$0.998767
-0.05%$2.15
-3.01%$1,678.18
-1.87%$3.38
-1.43%$0.164104
1.15%$0.00000061
-1.04%$1.11
0.56%$0.101738
0.27%$0.371963
1.37%$0.01736556
-6.23%$28.76
0.28%$1.94
0.26%$0.00005741
0.08%$0.220433
-6.84%$0.559051
-8.15%$0.283461
0.60%$1.66
0.18%$0.415592
-1.80%$0.492269
-2.03%$0.141337
2.16%$3.09
-2.91%$84,345.00
1.20%$1,645.10
-2.27%$0.998818
0.10%$30.74
-1.51%$82,559.00
-0.81%$14.34
-0.34%$1.71
2.85%$1.00
0.04%$0.064715
-6.51%$0.9999
-0.00%$0.592749
1.86%$2.14
-0.98%$0.413047
-1.11%$0.0047153
4.43%$84,538.00
-0.84%$0.424976
4.00%$83,087.00
0.00%$0.00000043
1.01%$0.00731708
0.59%$1.17
1.69%$1.084
0.00%$0.999796
0.05%$14.39
0.67%$0.00002027
0.85%$1,647.66
-1.91%$5.59
0.21%$0.153778
-2.70%$110.75
0.00%$0.418663
-4.32%$0.133618
3.84%$84,630.00
-0.50%$0.475646
4.75%$2.32
0.82%$1,570.39
-2.48%$22.43
-1.17%$3.36
0.07%$0.558097
-3.46%$0.071042
2.68%$5.55
-0.48%$0.03790307
1.13%$1.00
0.01%$1,681.44
-1.65%$1,581.73
-1.45%$39.96
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0.06%$1.00
0.15%$1,581.86
-1.69%$0.075669
4.34%$1,581.06
-1.68%$0.168046
2.83%$0.03378011
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-0.67%$0.00006083
1.63%$0.00627887
1.64%$0.189628
-0.74%$0.01682766
1.44%$1.001
0.19%$0.776825
1.57%$0.398748
0.75%$0.999914
0.03%$0.00505486
4.94%$0.267423
-3.43%$0.504218
0.89%$0.03092182
1.04%$0.00360087
1.07%$0.711725
4.63%$1.00
-0.01%$0.999683
-0.01%$1,600.93
-0.90%$0.299081
-0.06%$0.135365
5.52%$0.00000137
3.04%$2.49
1.10%$106.69
-1.37%$3,232.49
0.00%$84,530.00
-0.80%$0.00044641
14.06%$0.266145
-1.52%$0.215651
1.45%$21.34
0.28%$3.24
1.12%$1.051
-0.20%$2.75
0.17%$84,151.00
-1.16%$23.11
-0.27%$0.03666227
-5.92%$0.999876
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-2.53%$0.555017
-1.81%$0.249514
6.11%$1.00
0.03%$0.536278
0.88%$0.173081
0.06%$1,580.62
-1.72%$0.467909
1.16%$0.237859
30.98%$1,668.50
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0.17%$0.01169568
-1.02%$0.02716284
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0.22%$3.44
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2.34%$2.09
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0.59%$0.999938
0.00%$1.14
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-1.09%$0.00456555
0.98%$0.00
-0.34%Reading
Many top Bitcoin exchanges have seen an influx of new users since the coronavirus lockdown started.
Five exchanges saw a notable increase in both signups, and trading volume—with some citing a doubling, or in some cases, a tripling of their usual rate of new signups. These exchanges are: Kraken, OKex, Bitfinex, Paxful, and Luno.
Kraken recorded an 83% rise in signups, and a further 300% increase in intermediate verifications—those who went through the KYC process to be able to deposit fiat money instantly.
Kraken's Bitcoin strategist Pierre Rochard said that it might not be people bored in lockdown, it could be a move away from the legacy financial system.
"With Western governments struggling to contain COVID-19 and forcing cities and nations into blanket quarantines, individuals feel an urgent need to get out of the centralized financial system," Rochard explained to Decrypt. "They can't go protest in the streets, so they protest with Bitcoin."
Crypto exchange Binance is reportedly set to acquire crypto data marketplace CoinMarketCap. The deal is estimated to be worth up to $400 million. According to a report from The Block, Binance is in the final stages of making the deal happen, which will be announced later this week. How Binance is buying up the crypto industry This will be Binance's fifth major acquisition, according to data from Crunchbase. It owns DappReview, a Beijing-based data analytics platform for decentralized application...
Similarly, peer-to-peer crypto exchange Paxful saw a 100% increase in new signups since the start of March. Bitcoin exchange Luno too, has seen a 50% uptick in active users over the last four weeks.
Marcus Swanepoel, CEO of Luno, told Decrypt, "While the current pandemic has created a lot of uncertainty across most, if not all industries, it's reassuring to see that there remains confidence in cryptocurrencies, with many traders unwavered,"
Cryptocurrency exchange Kraken published the results of a survey conducted among the platform’s VIP clients in February, on March 27. Despite the economic woes exacerbated by the worldwide coronavirus outbreak, the average 2020 price target indicated by the exchange’s VIP clients was surprisingly high. Binance to acquire CoinMarketCap in $400 million deal They estimated end of year prices of $22,866 for Bitcoin and $810 for Ethereum. Although it’s worth noting that Kraken’s survey took place bef...
As more and more people started to work from home, Bitcoin exchange Bitfinex saw a notable uptick in new users. "Our data shows that within the second half of March, which is when strict lockdown policies have been imposed in many countries, we've seen a 30% increase in new accounts," a Bitfinex spokesperson told Decrypt.
Around the same time, Bitcoin exchange OKEx noted a slight increase in new users. Lennix Lai, OKEx's director of financial Markets, pointed out that it wasn’t just the coronavirus that has impacted the exchanges, but the falling crypto prices too.
This can be seen in the data.
While traders have been flocking to Bitcoin exchanges, the money has been going in the other direction. According to market intelligence firm Glassnode, the amount of Bitcoin being withdrawn from exchanges is steadily increasing.
“According to our labels, $BTC exchange balances are the lowest they've been in 8 months,” Glassnode tweeted, on March 26.
Despite the volatility, #Bitcoin holders appear to be withdrawing their funds from exchanges. Outflow has been increasing daily since March 18.
According to our labels, $BTC exchange balances are the lowest they've been in ~8 months.https://t.co/iwiDqNlvuI pic.twitter.com/mnPb5vj6Yu
— glassnode (@glassnode) March 26, 2020
This movement of funds away from exchanges has affected trading volume. While Bitcoin’s volume peaked on March 13, at $74 billion, it has been steadily decreasing since then. Yesterday, volumes fell to a low this month, at $28 billion—down 20% since the start of March.
This has impacted the bottom line for some of these Bitcoin exchanges. While Paxful saw an increase in new signups, it reported a 10% drop in revenue.
With the increased volatility, traders seem to be seeking safety in stablecoins. Data from Viewbase shows that $223 million of the stablecoin Tether has flowed to exchanges in the last seven days, as a result of increased demand.
So, for now, the dollar is in vogue. But for how long?
Black Friday was supposed to be last week. While crypto was on sale the day after Thanksgiving, today is looking even darker for crypto investors. Bitcoin dropped more than 7% in 24 hours, Ethereum deflated by over 8%, and Solana shed 11% of its surging price tag today. In all, the global cryptocurrency market cap fell by nearly 7%. Only two coins in the top 20 managed to stay in the green—Terra, up 4% in 24 hours, and Polygon, which boosted its price by 2%. It's not just crypto. After a solid s...
The Federal Reserve, the United States’ central bank, said today at the conclusion of its regular Federal Open Market Committee meeting that it would keep its key overnight interest rate near zero and make no change to its monthly bond purchases of at least $120 billion. In an expected move from the US central bank, Fed Chairman Jerome Powell announced that it would keep its strategy in place at least until there is a bounce back from the COVID-induced recession—but added there was “great uncert...
It’s the start of a new week, and there’s plenty of good news to go around for investors, traders… and, well, just about everyone: another COVID-19 vaccine is showing signs of being ready for the masses, and the markets are feeling good. Bitcoin is trading for nearly $17,000 per coin, marking another 2020 high, while traditional stock and equities markets are booming. A few hours ago, Moderna Labs announced positive results for a potential coronavirus vaccine, which the company tested on a group...
