In brief

Traders bide their time
— Brian Armstrong (@brian_armstrong) April 16, 2020
$85,143.00
0.31%$1,611.20
0.82%$2.08
-0.11%$592.65
-0.04%$140.95
1.63%$0.999958
-0.00%$0.158352
-0.69%$0.244199
1.03%$0.630882
-0.22%$1,610.71
0.88%$85,117.00
0.18%$9.34
0.42%$13.03
2.44%$19.86
3.11%$0.246138
0.81%$2.99
-0.22%$0.00001234
0.22%$0.999846
-0.01%$0.165942
-0.55%$2.16
0.47%$1,931.93
0.79%$339.65
0.59%$18.47
5.36%$3.91
4.72%$76.54
-0.01%$4.59
2.96%$0.999788
0.02%$0.999342
0.01%$0.649595
-0.79%$1,610.09
1.04%$219.43
2.59%$28.00
0.00%$1,715.51
1.00%$85,219.00
0.27%$5.33
1.36%$0.00000753
2.81%$50.83
0.03%$4.92
3.82%$22.63
0.17%$0.851407
0.76%$33.52
-0.04%$2.20
4.85%$298.34
9.37%$1.048
0.01%$1.00
0.00%$15.80
-0.35%$4.92
2.24%$0.083482
-1.51%$0.670671
2.07%$4.38
10.89%$142.78
2.36%$1.17
0.01%$0.0236496
1.17%$0.07798
0.70%$4.22
1.14%$4.23
-0.09%$85,063.00
0.22%$2.62
5.35%$8.38
-0.75%$0.190254
-0.46%$0.192066
-0.48%$0.287476
-0.45%$0.999121
0.05%$2.52
4.24%$0.475035
2.56%$0.569283
11.53%$3.93
0.86%$0.304466
3.56%$85,062.00
0.58%$10.01
-0.03%$147.18
1.45%$0.710728
5.63%$1,371.21
0.58%$0.399913
3.46%$0.071614
0.43%$0.01670934
4.43%$3.85
0.55%$1.03
0.79%$0.640711
6.68%$1,610.71
0.86%$0.00001252
3.35%$0.638735
1.39%$0.759892
5.80%$66.12
2.64%$1,680.12
1.20%$1.00
0.04%$0.172802
0.33%$0.999843
-0.01%$0.475522
1.99%$14.98
5.71%$1.00
0.04%$0.848377
7.18%$3,347.85
-0.02%$8.42
4.77%$0.999761
-0.00%$0.609394
0.00%$0.082356
2.09%$1,813.98
0.90%$3,345.95
-0.07%$0.01567179
14.84%$592.32
-0.10%$84,017.00
0.86%$85,124.00
0.30%$155.48
1.51%$0.997806
-0.01%$0.01543026
5.75%$0.676261
3.84%$0.669199
1.74%$2.27
2.04%$181.27
1.66%$0.26705
-0.05%$0.717797
1.59%$3.47
-2.26%$1,714.08
0.95%$0.99846
-0.09%$0.167293
3.36%$0.01819044
-3.77%$0.102592
1.31%$0.00000061
-0.38%$1.09
-0.66%$0.36933
-0.68%$0.600794
-5.93%$0.235981
-1.58%$28.84
0.10%$1.96
2.96%$0.0000585
2.28%$1.69
2.67%$0.28591
1.77%$0.425321
6.34%$0.506601
0.44%$0.143845
4.28%$3.20
-0.25%$31.90
1.16%$1,683.96
0.95%$84,997.00
-1.16%$0.998228
0.01%$14.56
2.08%$0.066547
-0.79%$81,633.00
-1.58%$1.71
1.28%$0.999958
-0.00%$0.999958
-0.00%$0.59268
1.99%$0.417418
-0.58%$2.12
4.54%$85,167.00
0.40%$0.429984
6.59%$83,087.00
0.00%$0.00457697
3.03%$0.00000042
0.42%$0.0073485
-0.34%$1.18
2.60%$14.65
3.31%$1,682.86
0.84%$1.084
-0.03%$0.00002044
1.17%$0.158367
-0.55%$0.999785
-0.05%$0.431512
-2.95%$5.66
1.01%$110.75
0.00%$1,714.78
0.99%$0.133781
6.81%$85,084.00
0.20%$1,609.43
1.03%$3.45
4.01%$2.34
1.45%$0.57162
-1.91%$0.463363
4.93%$22.57
-0.93%$0.0372586
4.75%$5.60
2.59%$0.07125
2.71%$1.00
0.01%$40.30
1.26%$0.03767527
0.77%$1,612.54
0.88%$1.001
0.43%$1,612.29
0.88%$1,610.42
0.78%$1.00
0.03%$0.07431
3.78%$0.00635257
2.76%$0.165437
-0.10%$0.190539
-0.41%$0.125207
-0.49%$0.405622
4.06%$0.00006017
0.90%$1.00
0.05%$0.01677185
1.66%$0.999978
-0.00%$0.274083
0.58%$0.766804
0.51%$0.00498953
4.00%$0.503074
1.85%$0.0307982
0.57%$0.718155
6.24%$0.00355808
1.10%$1.00
0.06%$1,625.36
0.84%$0.99906
-0.06%$2.56
4.22%$0.300567
1.75%$108.53
0.03%$0.132121
3.47%$85,064.00
0.24%$0.00000133
0.85%$3,232.49
0.00%$0.27117
1.25%$0.217439
2.47%$3.30
-5.47%$0.03797862
0.21%$1.059
-0.30%$2.76
0.57%$21.29
0.96%$84,757.00
0.01%$1,589.92
0.55%$23.31
1.35%$0.999674
-0.06%$0.560183
-1.12%$0.25435
6.44%$0.00283907
9.66%$0.546169
2.66%$0.999904
0.01%$0.175285
1.30%$1,611.07
0.83%$0.420401
0.82%$0.103291
2.07%$1,702.53
0.78%$0.01187497
-2.23%$0.00039049
5.03%$0.468939
1.18%$0.02759023
0.44%$19.87
3.18%$1,710.04
0.30%$0.942497
1.47%$3.43
0.06%$2.11
-1.23%$13.59
4.76%$0.647928
3.01%$0.999908
0.00%$1.14
-0.07%$0.256383
-0.38%$0.00244479
-1.69%$85,329.00
0.53%$1,765.19
0.80%$1,751.60
0.94%$0.084878
-3.14%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.
Asset manager HashKey Capital has introduced a fund tracking the performance of XRP in Asia, with the aim of fostering institutional adoption in the region for the token that is used for transactions in the Ripple network. The HashKey XRP Tracker Fund became available on Friday to institutional investors in Asia. The fund marks the first of several planned collaborations between HashKey Capital and Ripple Labs. XRP is the fourth largest cryptocurrency by market capitalization, with a total valu...
Armed with fake Zoom calls, stolen identities, and malware, North Korea’s Lazarus Group has allegedly expanded its crypto infiltration strategy, and the industry is starting to feel it. Kenny Li, co-founder of Ethereum layer-2 project Manta Network, said he was “targeted” in an elaborate Zoom phishing attempt by Lazarus Group in a tweet Thursday. 🚨 Just got targeted by Lazarus. A known contact on TG reached out to me to ask for a chat. Scheduled a Zoom call. When I got on the Zoom, it asked m...
Asset manager VanEck has received approval from the U.S. Securities and Exchange Commission to list an exchange-traded fund tracking blockchain infrastructure builders and related assets. The fund, called the Onchain Economy ETF, has a tentative debut of May 14, VanEck Head of Digital Assets Research Matthew Sigel said Thursday in a social media post. Boasting the ticker $NODE, the investment vehicle will aim to hold between 30 and 60 assets linked to the blockchain economy. “The global econo...