In brief

Traders bide their time
— Brian Armstrong (@brian_armstrong) April 16, 2020
$105,342.00
2.15%$2,560.28
3.27%$2.43
3.64%$651.19
1.40%$174.34
3.85%$0.999899
0.01%$0.230956
6.83%$0.769274
1.75%$0.273191
0.61%$2,558.67
3.30%$105,251.00
2.17%$3.97
4.65%$3,065.83
2.92%$16.14
5.08%$23.59
4.30%$0.295192
2.88%$27.10
2.00%$0.00001512
5.89%$0.198237
3.63%$8.71
-2.93%$403.59
2.81%$3.15
2.40%$100.06
2.12%$4.86
3.81%$0.999866
0.01%$2,560.99
3.20%$342.70
1.92%$5.25
6.09%$2,728.22
3.17%$1.00
-0.04%$0.00001378
10.42%$0.742427
6.42%$1.001
0.02%$105,234.00
2.02%$30.38
0.94%$436.05
3.44%$6.23
6.55%$236.08
5.44%$2.89
5.98%$5.28
2.57%$53.50
1.04%$209.42
3.71%$0.960262
4.22%$0.114966
1.66%$0.100455
2.60%$1.00
0.00%$18.88
2.73%$5.38
3.28%$35.64
4.43%$13.37
3.05%$21.78
1.33%$0.745255
1.69%$0.02914033
4.51%$4.78
4.64%$1.17
0.00%$1.052
0.02%$0.399019
10.10%$5.03
5.26%$0.242737
4.54%$1.00
0.01%$103,890.00
0.84%$0.78995
4.36%$0.228857
5.07%$2.94
4.84%$0.401311
5.90%$4.39
0.04%$2.74
4.15%$1.17
7.90%$0.521289
3.69%$4.61
2.05%$0.00002051
8.91%$2,559.68
3.10%$0.521838
8.12%$0.998741
-0.14%$1,788.35
2.74%$183.67
3.94%$11.60
1.05%$2,669.97
3.13%$97.42
7.21%$0.902569
5.54%$4.92
4.86%$1.31
9.85%$1.30
2.50%$1.96
14.83%$0.01945821
1.43%$0.833828
4.18%$0.235745
4.17%$0.675576
5.81%$0.735408
3.46%$12.47
7.01%$2,903.63
3.14%$0.072873
2.78%$1.001
-0.03%$104,896.00
1.93%$0.114537
7.10%$1.064
11.47%$0.00010205
11.05%$3.33
4.51%$0.71018
3.04%$2,728.26
3.25%$225.34
3.92%$651.19
1.38%$0.911175
6.42%$0.999568
0.02%$0.999721
-0.02%$0.01848789
6.53%$193.21
3.75%$0.02011608
7.07%$0.960708
2.63%$105,044.00
2.16%$0.666581
3.67%$0.01322721
7.04%$106,553.00
2.72%$0.812646
1.73%$2,683.02
3.14%$1.00
0.01%$103,773.00
1.82%$3,209.75
-0.11%$0.319029
4.42%$0.229635
5.26%$0.078467
19.52%$3,223.34
-0.05%$2.30
4.78%$22.60
4.00%$4.08
2.25%$13.02
-0.68%$0.00000075
3.38%$37.11
4.35%$2,675.82
3.21%$0.119629
3.41%$0.02027284
1.79%$0.732123
10.99%$41.85
1.59%$1.90
13.90%$0.421464
3.69%$4.11
5.12%$0.638144
3.53%$1.99
5.76%$0.997644
-0.01%$0.341469
3.64%$0.998343
-0.01%$2.08
0.31%$2.20
12.53%$0.232258
7.55%$1.10
-0.36%$111.09
0.00%$2,561.34
3.29%$0.158722
4.06%$2,564.91
3.55%$19.13
4.33%$0.661247
4.34%$0.999871
0.02%$0.457668
3.50%$0.667236
4.15%$105,080.00
2.04%$2,734.39
3.50%$2,611.16
3.67%$0.666145
5.50%$0.00900598
4.38%$7.70
6.25%$0.161097
7.05%$0.999053
0.02%$3.07
3.77%$104,935.00
1.92%$0.00534448
3.98%$0.192538
4.18%$2,560.73
3.22%$6.75
3.31%$0.475828
5.28%$0.189634
8.40%$0.9999
0.02%$0.475038
8.79%$103,820.00
3.62%$0.064955
-1.24%$0.00002333
3.39%$0.091719
4.73%$0.050599
4.10%$0.099732
6.38%$0.418786
2.10%$1.87
7.66%$1.39
7.53%$0.677398
5.00%$1.66
7.44%$0.00000044
1.30%$2,550.79
3.40%$1.44
18.90%$0.00000111
12.66%$0.0449584
4.44%$0.00823694
6.19%$0.177964
4.33%$45.58
4.25%$0.156517
0.17%$1.087
0.00%$1.003
-0.14%$0.373629
0.52%$0.999768
-0.00%$0.999505
-0.08%$0.242966
4.56%$1.58
3.96%$3.25
4.45%$0.00461406
5.28%$102,883.00
0.54%$0.394858
5.76%$0.01954456
1.32%$1.00
0.65%$34.03
0.37%$2,700.31
2.76%$0.821312
12.08%$0.391249
4.78%$1.001
0.12%$0.0053461
6.44%$0.00367267
15.69%$27.09
1.88%$136.24
3.42%$0.03600678
2.09%$0.353445
14.18%$3.90
20.99%$0.846452
0.75%$2,813.24
3.15%$0.00006341
3.44%$0.00000168
2.16%$2,791.14
3.42%$20.59
-0.22%$0.00079776
18.90%$1.10
0.02%$105,205.00
2.17%$0.300517
10.11%$19.77
7.42%$0.998623
-0.11%$0.259827
3.98%$2,561.22
3.24%$0.709092
3.86%$0.228219
5.00%$23.63
4.30%$1.00
0.02%$1.00
-0.03%$2,759.92
3.30%$0.00345803
8.70%$2.75
6.77%$2,533.25
2.23%$27.06
1.80%$0.00290561
8.79%$23.89
4.07%$0.500527
3.10%$0.683428
8.78%$0.579216
3.50%$0.00
7.49%$0.833321
4.75%Reading
Stablecoin balances on various crypto exchanges have surpassed all-time highs, while Bitcoin volume has dipped—suggesting that crypto investors are biding their time and waiting for the right moment to resume buying crypto.
According to a report by crypto exchange Luno (based on data from Arcane Research), there is currently over $2 billion worth of stablecoins “waiting on the sideline for the buy signal” at exchanges.
At the same time, following a small uptick two weeks ago, Bitcoin trading volume has dropped to its lowest level in over a month—returning to levels seen before the market crash in March.
The Bitcoin market’s 30-day volatility has dropped to around 4.3%; prior to the market crash, it ranged around 2-3%. With only half of Bitcoin holders thinking that the cryptocurrency’s price will go up, it appears that traders are biding their time and waiting for the price to dip before buying in.
There’s been an influx of new money into the market in recent days, with Coinbase CEO Brian Armstrong pointing to a sharp spike in deposits that amounted to exactly $1,200 each—the same amount that Americans recently received in the form of coronavirus stimulus checks from the US government.
— Brian Armstrong (@brian_armstrong) April 16, 2020
While it’s not clear what those Coinbase users have bought on the exchange, it’s clear they’re looking to purchase some form of cryptocurrency. With crypto prices dipping alongside oil, they may have found that buy signal they’re looking for.
Crypto exchange Kraken is willing to hit some pretty tight deadlines, as the exchange works to elevate its brand and market share through a new business solution dubbed Kraken Embed, according to the company’s Head of Payments and Blockchain Brett McLain. In an interview with Decrypt, McLain said that Kraken’s recent tie-up with bunq, a Netherlands-based neobank, was the result of a last-minute shift—and a blueprint for how the company could expand its presence through relationships with similar...
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Choppy week for Coinbase Coinbase flagged a $400 million cybersecurity breach this week—one of the biggest in the company’s history. The most troubling aspect is that the exploit arose because an overseas contractor was bribed to steal customer data. In a video posted online, CEO Brian Armstrong said that criminals were able to gain access to sensitive user data, including names, addres...
Hong Kong investment group Avenir snapped up another 3.4 million shares of BlackRock's iShares Bitcoin Trust ETF (IBIT) during the first quarter, bringing its holdings of the fund to nearly $700 million, according to a U.S. regulatory filing published Thursday—further evidence that spot Bitcoin ETFs are gaining traction among financial institutions. Avenir held 14.7 million IBIT shares worth $688 million as of March 31, according to its filing,. That marks a 30% increase from the firm's IBIT ho...