In brief

Traders bide their time
— Brian Armstrong (@brian_armstrong) April 16, 2020
$111,086.00
2.49%$2,771.36
6.83%$2.42
5.04%$670.89
1.41%$157.24
4.29%$0.999909
0.00%$0.291574
1.33%$0.180172
5.63%$2,769.88
6.80%$0.619812
5.99%$111,106.00
2.56%$41.44
6.30%$3,351.67
6.72%$3.11
7.32%$511.31
0.70%$14.28
3.30%$0.28806
9.76%$9.00
-1.29%$19.45
7.38%$2,971.51
6.92%$0.999729
-0.00%$0.173567
7.85%$0.00001243
5.35%$2,773.33
6.92%$2.87
2.09%$90.59
3.37%$46.66
3.70%$1.00
-0.01%$327.12
3.23%$111,095.00
2.53%$3.63
6.11%$1.001
0.05%$4.44
3.10%$8.18
8.02%$0.00001103
9.96%$297.32
1.71%$0.471057
1.55%$347.64
9.15%$1.18
0.02%$0.09504
1.94%$4.58
3.46%$48.44
0.41%$2.34
5.91%$1.00
0.00%$191.05
4.32%$5.14
6.71%$17.62
4.55%$0.839835
5.94%$1.059
0.03%$0.999739
-0.02%$0.081292
6.34%$0.600534
5.11%$4.32
5.11%$0.02237897
7.32%$16.06
-0.68%$4.44
-0.14%$0.206549
5.72%$9.17
6.83%$0.287229
9.36%$0.698208
4.76%$0.356682
6.62%$3.38
6.01%$0.081661
3.33%$2,768.48
6.67%$0.00002168
-1.30%$0.192698
7.70%$2.43
5.90%$110,784.00
2.30%$110.35
2.20%$0.918743
6.54%$4.61
2.28%$166.81
4.18%$0.265088
3.10%$1.00
0.05%$0.999628
0.14%$11.14
0.88%$1.51
13.33%$0.454835
6.01%$0.999766
-0.01%$2,904.68
6.77%$3,159.30
6.90%$1.24
2.02%$1.68
6.35%$1.14
7.72%$0.01629415
1.54%$0.068436
4.89%$11.01
6.70%$1.00
0.02%$0.01705523
15.53%$0.692679
6.46%$13.31
-3.19%$2,950.07
6.34%$2,911.57
6.80%$1.59
9.48%$0.588225
9.40%$0.317689
5.99%$110,864.00
2.42%$0.99952
-0.04%$0.957071
14.00%$1.11
0.04%$2,913.52
6.75%$3,318.74
0.41%$110,790.00
2.30%$0.00009353
3.64%$3.14
5.03%$0.999872
0.02%$0.090071
6.33%$670.85
1.39%$0.151286
1.75%$111,774.00
2.23%$0.451271
8.48%$0.521563
3.76%$2.37
4.07%$176.41
4.34%$3,313.50
0.50%$2,971.88
6.11%$205.49
4.30%$0.561612
7.76%$0.738686
6.46%$111.73
0.01%$10.74
0.01%$0.787328
10.48%$0.01536649
8.25%$0.998405
0.02%$0.172961
8.70%$20.16
7.13%$1.91
4.11%$2.45
5.08%$0.268683
8.47%$40.62
1.73%$1.094
0.22%$0.01298259
7.05%$0.728957
4.04%$0.00000063
1.44%$2,771.66
6.89%$2,972.37
6.94%$41.50
6.41%$3.69
8.12%$0.105494
7.69%$0.229999
1.09%$0.560886
5.00%$110,726.00
2.53%$2,925.82
5.96%$0.998202
0.04%$0.367393
81.53%$110,975.00
2.42%$0.00862508
1.35%$2,772.06
6.88%$0.410434
1.43%$0.350579
5.40%$0.519358
1.96%$0.285991
6.99%$0.99712
0.46%$110,925.00
2.37%$0.513556
3.51%$1.60
12.21%$25.46
3.82%$0.631578
4.59%$0.999785
-0.01%$1.41
4.52%$0.999412
0.24%$0.04966025
14.94%$2,773.33
6.83%$0.0140546
2.63%$0.00000124
14.49%$41.51
6.27%$0.22403
-2.08%$0.9999
-0.00%$0.179862
5.51%$1.001
0.05%$7.79
-0.50%$0.00755095
7.70%$0.061372
1.14%$2.37
2.83%$0.122012
8.65%$0.00000044
0.80%$0.00435515
0.37%$0.401272
1.35%$2,949.92
6.89%$0.567996
7.01%$45.36
12.92%$5.87
6.56%$1.093
0.01%$1.09
16.68%$0.991735
-0.17%$14.22
5.25%$0.077752
3.79%$1.003
0.10%$1.25
10.15%$0.00001939
3.93%$0.154273
8.04%$0.147035
1.50%$3,058.07
6.84%$2.28
6.68%$0.377129
7.15%$0.316844
4.24%$0.520025
3.94%$110,446.00
2.69%$1.53
4.46%$2,768.75
6.79%$3,034.98
6.90%$1.00
0.01%$0.03776286
6.26%$5.60
8.32%$0.00392285
1.94%$2,771.89
6.93%$0.04894097
7.96%$0.03506127
0.70%$0.0065327
7.33%$1.16
-0.21%$0.338222
6.17%$20.59
0.78%$110,944.00
2.41%$0.01753316
1.23%$2,773.27
6.99%$0.50673
5.83%$0.0000601
5.87%$171.85
4.39%$0.331318
16.75%$0.99976
0.00%$0.068415
5.32%$0.700733
7.12%$0.781713
13.70%$0.9996
0.03%$118.66
4.95%$0.999579
0.06%$0.00360452
19.91%$3,353.49
6.83%$0.999584
-0.01%$10.56
2.03%$0.309079
26.56%$1.12
0.85%$0.306079
0.50%$0.206641
5.82%$0.717123
1.65%$0.214169
6.04%$0.00350327
3.58%$0.999187
-0.14%$19.45
7.37%$1.019
0.04%$1.22
0.25%$0.618442
4.63%$15.02
12.49%$110,561.00
2.16%$16.37
3.10%$2,230.08
2.46%$23.64
7.36%$0.00000135
0.46%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.
Truth Social, the social media platform founded by U.S. President Donald Trump, has signaled it will launch a utility token as part of its new loyalty rewards program tied to its Patriot Package subscription plan. “In the near future, based on their level of engagement with the platforms, Patriot Package subscribers will accumulate gems on their Truth Social accounts. These will eventually be tied to a utility token on both Truth Social and Truth+,” it said. The Patriot Package, currently in pub...
Dubai-based airline Emirates has signed a memorandum of understanding (MoU) with Crypto.com to explore integrating the exchange’s crypto payments functionality into the airliner’s payment systems. The official integration of the feature is expected to take place next year, according to an official announcement. Emirates previously teased plans in 2022 to implement Bitcoin payments, per a report from Arab News. “Partnering with Crypto.com to integrate cryptocurrency into our digital payments sys...
Publicly traded social media marketing tech company Thumzup is exploring expanding its corporate treasury holdings beyond Bitcoin, considering whether to add other leading cryptocurrencies like Dogecoin (DOGE), Solana (SOL), the Ripple-linked XRP, and Ethereum (ETH). The Los Angeles-based firm received approval from its board on Wednesday to begin evaluating the potential upside of adding at least six additional digital assets to its corporate treasury: Dogecoin, Litecoin, Solana, XRP, Ethereum...