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Posts Tagged ‘Market’

Bitcoin’s Share of the Crypto Market Is Nearing a 3-Month High

Bitcoin’s share of the cryptocurrency market hit an 11-week high on Thursday, market data shows. Data from CoinMarketCap reveals that bitcoin’s dominance rate reached 55.38 percent on Dec. 6, which is its highest level recorded since Sept. 20. At press time, that figure is hovering around 55.1 percent.  The dominance rate is a metric used…

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Bitmain Closes Israel Development Arm Citing Crypto Bear Market

Cryptocurrency mining giant Bitmain is closing down its Israel-based research and development arm. According to a report from financial news source Globes, Bitmaintech Israel, the firm’s R&D center in the city of Ra’anana, is being shuttered due to the general downturn in the crypto markets. All 23 employees, including Bitmain’s vice president for sales and…

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Two US Bills Focus on Cryptocurrency Market Manipulation and Improving Regulations

Two new bills focusing on cryptocurrency market manipulation aim to “position the United States to be a leader in the cryptocurrency industry,” their sponsors claimed Dec. 6. The bills, dubbed “The Virtual Currency Consumer Protection Act of 2018” and “The U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018” will go before the House…

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More Chinese Miners Selling Short Following Crypto Market Slump

Chinese miners are reportedly becoming the biggest short sellers both locally and internationally, following an increased number of hedging operations in the current bear market, Chinese crypto outlet 8BTC reported Thursday, Dec. 6. The severe cryptocurrency market decline in the last month has reportedly caused new generation miners to start hedging their coins to avoid…

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‘Market Cap is a Lie’ – Bitcoin Buy Support Dwarfs Ethereum, Altcoins

Bitcoin buy support is a superior metric to coin market capitalization for measuring the future of Bitcoin and altcoins, according to a new monitoring resource. ‘Market Cap Is A Lie’ CoinMarketBook, deliberately named to shadow the current ‘go-to’ directory for cryptocurrency statistics Coinmarketcap, launched in October – but its mission is markedly different. “Market cap…

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Tether Dominance Of Stablecoin Market Falls To 74%

As 2018 began, with only two competitors, Tether commanded 94 percent of the stablecoin market. With the year seeing the emergence of 8 new players in the space, that dominance has fallen to 74 percent. Flood Waters It seems that the cryptocurrency du jour is the US Dollar, or at least the stablecoins pegged to it.…

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