Forwarded from Official VIP Group
USD Coin Market Cap Crossed $1 Billion for the First Time
The market cap of USD Coin (USDC), the stablecoin issued by the Centre consortium backed by Coinbase and Circle, has passed $1 billion and it's now $1.038B.
This development represents a growth of 211% compared to the $334M in July 2019 and a 100% increase from the beginning of 2020.
Despite the growth, USDC is still far behind Tether, which market cap has surpspassed 10$B last week
@CryptoWorldTina
The market cap of USD Coin (USDC), the stablecoin issued by the Centre consortium backed by Coinbase and Circle, has passed $1 billion and it's now $1.038B.
This development represents a growth of 211% compared to the $334M in July 2019 and a 100% increase from the beginning of 2020.
Despite the growth, USDC is still far behind Tether, which market cap has surpspassed 10$B last week
@CryptoWorldTina
Forwarded from Official VIP Group
🎤 Significant Volume Change
🍀 Symbol: BCH/BTC
🧨 Hourly Volume Increase: 1407%
🔹 Price: 0.02484
🚨 Trend: DOWNTREND
🍀 Symbol: AION/BTC
🧨 Hourly Volume Increase: 736%
🔹 Price: 0.00001088
🚀 Trend: UPTREND
🍀 Symbol: BCH/BTC
🧨 Hourly Volume Increase: 1407%
🔹 Price: 0.02484
🚨 Trend: DOWNTREND
🍀 Symbol: AION/BTC
🧨 Hourly Volume Increase: 736%
🔹 Price: 0.00001088
🚀 Trend: UPTREND
Forwarded from Official VIP Group
China Stocks Boom Bullish for Bitcoin? 5 Things to Watch This Week
A turbulent mixture of macro, coupled with expectations of a big move in Bitcoin, could spell an interesting week for traders and holders alike.
A turbulent mixture of macro, coupled with expectations of a big move in Bitcoin, could spell an interesting week for traders and holders alike.
Forwarded from Official VIP Group
Forwarded from Official VIP Group
The Number of Stocks Reaching All-Time Highs is Growing; Why Bitcoin Won’t Follow
Bitcoin and the stock market have formed a close correlation in recent weeks, but this is now showing some signs of breaking as BTC trades sideways while most equities begin picking up some momentum.
The stock market has been seeing an intense recovery, and its momentum appears to be picking up once again as many states and cities that were previously on lockdown begin opening up.
One indicator of the market’s newfound momentum can be seen while looking towards the number of publicly traded companies that are seeing their stock prices hit fresh all-time highs.
On Friday, 59 common stocks on the NYSE were able to set fresh highs. This is still a far cry from the numbers seen before March, but it does show that the traditional markets are making a comeback.
However, despite the recent correlation between Bitcoin and the traditional markets, it remains unlikely that this will be enough to propel the cryptocurrency to fresh highs.
@CryptoWorldTina
Bitcoin and the stock market have formed a close correlation in recent weeks, but this is now showing some signs of breaking as BTC trades sideways while most equities begin picking up some momentum.
The stock market has been seeing an intense recovery, and its momentum appears to be picking up once again as many states and cities that were previously on lockdown begin opening up.
One indicator of the market’s newfound momentum can be seen while looking towards the number of publicly traded companies that are seeing their stock prices hit fresh all-time highs.
On Friday, 59 common stocks on the NYSE were able to set fresh highs. This is still a far cry from the numbers seen before March, but it does show that the traditional markets are making a comeback.
However, despite the recent correlation between Bitcoin and the traditional markets, it remains unlikely that this will be enough to propel the cryptocurrency to fresh highs.
@CryptoWorldTina
Forwarded from Official VIP Group
🎤 Significant Volume Change
🍀 Symbol: ELF/BTC
🧨 Hourly Volume Increase: 936%
🔹 Price: 0.00001031
🚨 Trend: DOWNTREND
🍀 Symbol: CHZ/BTC
🧨 Hourly Volume Increase: 8278%
🔹 Price: 0.00000128
🚀 Trend: UPTREND
🍀 Symbol: ELF/BTC
🧨 Hourly Volume Increase: 936%
🔹 Price: 0.00001031
🚨 Trend: DOWNTREND
🍀 Symbol: CHZ/BTC
🧨 Hourly Volume Increase: 8278%
🔹 Price: 0.00000128
🚀 Trend: UPTREND
Forwarded from Official VIP Group
#EOS Chat chart request 📈
EOS following overall market bullishness and recently broken 2750 resistance. This may be a start of reversal from downtrend.
Don't fomo. Most probably will pullback to 2700 (at least)
@CryptoWorldTina
EOS following overall market bullishness and recently broken 2750 resistance. This may be a start of reversal from downtrend.
Don't fomo. Most probably will pullback to 2700 (at least)
@CryptoWorldTina
Forwarded from Official VIP Group
In June crypto derivatives volumes dropped by 35.7% while spot volumes decreased by 49.3%. According to CryptoCompare’s recently released report Crypto derivatives volumes in June dropped to $393B USD (-35.7%) – the lowest monthly volumes in 2020. Meanwhile, total spot volumes have decreased to $642.6B USD (-49.3%). As a result, derivatives have gained market share and represented 37% of the market in June (vs 32% in May).
@CryptoWorldTina
@CryptoWorldTina
Forwarded from Official VIP Group
#LINK
An amazing growth, pure savage. We bought a big bag of $LINK on the spot account. As the result we got +25% profit from this trade. Closed a half of the position at the fourth target, will hold further.
@CryptoWorldTina
An amazing growth, pure savage. We bought a big bag of $LINK on the spot account. As the result we got +25% profit from this trade. Closed a half of the position at the fourth target, will hold further.
@CryptoWorldTina
Forwarded from Official VIP Group
ALGO update on lower timeframe
High probably will break here - short term targets 2830 - 3056
@CryptoWorldTina
High probably will break here - short term targets 2830 - 3056
@CryptoWorldTina
Forwarded from Official VIP Group
Ethereum Closed Second Quarter With +68.9% Price Gain 📈
Q2 of 2020, marked for #ETH with the boom of DeFi projects built on Ethereum blockchain, ended with + 68.9% return.
More importantly, that for 6 months, Etherhas outperformed Bitcoin in terms of YTD performance: 84% vs 29%.
As we mentioned before, Q2 is historically the best three months for Ether: since 2016 no one Q2 has delivered a negative return.
However, from the same historical perspective, the third quarter of 2020 could be more challenging.
You can see a new report on CryptoRank - Ethereum Quarterly Returns
@CryptoWorldTina
Q2 of 2020, marked for #ETH with the boom of DeFi projects built on Ethereum blockchain, ended with + 68.9% return.
More importantly, that for 6 months, Etherhas outperformed Bitcoin in terms of YTD performance: 84% vs 29%.
As we mentioned before, Q2 is historically the best three months for Ether: since 2016 no one Q2 has delivered a negative return.
However, from the same historical perspective, the third quarter of 2020 could be more challenging.
You can see a new report on CryptoRank - Ethereum Quarterly Returns
@CryptoWorldTina
Forwarded from Official VIP Group
🎤 Significant Volume Change
🍀 Symbol: LUN/BTC
🧨 Hourly Volume Increase: 922%
🔹 Price: 0.0001328
🚨 Trend: DOWNTREND
🍀 Symbol: LUN/BTC
🧨 Hourly Volume Increase: 922%
🔹 Price: 0.0001328
🚨 Trend: DOWNTREND
Forwarded from Official VIP Group
🎤 Significant Volume Change
🍀 Symbol: QTUM/BTC
🧨 Hourly Volume Increase: 1406%
🔹 Price: 0.0002106
🚀 Trend: UPTREND
🍀 Symbol: QTUM/BTC
🧨 Hourly Volume Increase: 1406%
🔹 Price: 0.0002106
🚀 Trend: UPTREND
Forwarded from Official VIP Group
DNT/BTC has been in a sideways range accumulation for almost a year
We have a well-defined support at 60 sats slightly below major MAs
Now DNT is trying to consolidate above all that support cluster. Once EMA200 regained, next step is to challenge the prior swing high of 85 sats and then towards next resistance levels
Breaking below the support cluster will invalidate the bullish case for some time
@CryptoWorldTina
We have a well-defined support at 60 sats slightly below major MAs
Now DNT is trying to consolidate above all that support cluster. Once EMA200 regained, next step is to challenge the prior swing high of 85 sats and then towards next resistance levels
Breaking below the support cluster will invalidate the bullish case for some time
@CryptoWorldTina
Forwarded from Official VIP Group
Major Bitcoin Exchange Coinbase Prepares For Stock Market Listing - Report
US-based major crypto exchange Coinbase could list its shares on a stock exchange this year or early next year, Reuters reported, citing "three people familiar with the matter."
The company has already been in talks to hire investment banks and law firms, the report said, adding that Coinbase is exploring going public via a direct listing. In this case, a company does not sell new shares as it does in an Initial Public Offering (IPO). Also, existing investors are not bound by lock-up restrictions on when they can divest their holdings following the market debut.
The listing would need the US Securities and Exchange Commission's blessing, Reuters said, adding that "it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement."
According to Reuters, Coinbase and the SEC declined to comment.
As reported in May, Coinbase, together with another US-based crypto exchange, Gemini, became the first crypto clients of the major investment bank JPMorgan Chase. Back then, Kelvin Koh, Co-founder and Partner at Spartan Capital, opined that the bank made this move "to position its IB investment banking for Coinbase’s and Gemini’s IPO in the not too distant future."
In 2018, Coinbase was valued at USD 8bn following a mega funding round.
Now the company claims it has more than 35 million users worldwide.
Meanwhile, Changpeng Zhao, CEO of another major crypto exchange, Binance, congratulated Coinbase as it's "pushing/paving the way for other crypto businesses."
US-based major crypto exchange Coinbase could list its shares on a stock exchange this year or early next year, Reuters reported, citing "three people familiar with the matter."
The company has already been in talks to hire investment banks and law firms, the report said, adding that Coinbase is exploring going public via a direct listing. In this case, a company does not sell new shares as it does in an Initial Public Offering (IPO). Also, existing investors are not bound by lock-up restrictions on when they can divest their holdings following the market debut.
The listing would need the US Securities and Exchange Commission's blessing, Reuters said, adding that "it would represent a landmark victory for cryptocurrency advocates vying for mainstream endorsement."
According to Reuters, Coinbase and the SEC declined to comment.
As reported in May, Coinbase, together with another US-based crypto exchange, Gemini, became the first crypto clients of the major investment bank JPMorgan Chase. Back then, Kelvin Koh, Co-founder and Partner at Spartan Capital, opined that the bank made this move "to position its IB investment banking for Coinbase’s and Gemini’s IPO in the not too distant future."
In 2018, Coinbase was valued at USD 8bn following a mega funding round.
Now the company claims it has more than 35 million users worldwide.
Meanwhile, Changpeng Zhao, CEO of another major crypto exchange, Binance, congratulated Coinbase as it's "pushing/paving the way for other crypto businesses."
