Bitcoin lost nearly 10% of its value in the last couple of days, having dropped from $21,750 on Friday to a six-week low of $19,550 today. The significant drop in BTC/USD is very likely linked to the remarks made by Federal Reserve Chair Jerome Powell at the end of last week.
Binance Auto-Invest enables traders to introduce the concept of dollar-cost averaging (DCA) into their crypto purchases. DCA is a type of investment strategy that advocates for periodic, equally sized buys of an asset over time.
Upward investment trends allow many users to make significant profits. It is said that this bull trend in the cryptocurrency market will continue for a longer time, and even these prices that have gained value can be seen as a buying opportunity.
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CME Group, one of the largest marketplaces for derivative financial instruments, announced on Thursday the launch of options on Ethereum futures next month. Barring an unsuccessful regulatory review, the service will launch on September 12, mere days before The Merge, which is slated to take place on September 15/16.
One of the few fields in which it feels like cryptocurrencies are being treated with due respect is the world of casino betting. It only takes a few minutes of searching online to find a plethora of crypto-friendly betting sites, and their number includes some of the most respected casino sites of all. While the term “Bitcoin betting sites” is used almost reflexively as shorthand, it’s not uncommon to see sites offering crypto betting opportunities for fans of altcoins, too, with Ether, Litecoin and Doge being some of the most commonly accepted.
Bitcoin lost more than -8% today, plunging to late July price levels and erasing most of the gains accrued in the past three weeks. BTC/USD traded as high as $25,130 earlier this week and hit a daily low of $21,510 earlier today.
The DeFi (decentralized finance) space has taken the crypto world by storm, and significant crypto analysts are touting an even greater market boom. In 2021, the total market value of DeFi assets surged to a whopping 100 billion USD.
Cryptocurrencies are digital finances that revolve around decentralisation. This is a process by which activities of an institution delegate away from an authoritative group. Cryptocurrencies’ increased popularity is evident as according to Exploding Topics, there is an estimated 1 billion people who will use crypto by the end of 2022.