What gives Ether token its value?

Ethereum’s Ether coin is arguably valuable for different reasons than Bitcoin.

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HOW TO CRYPTO

Bitcoin holds the top spot as the world’s first and largest cryptocurrency. The coin carries worth based on its position as a store of value capable of transacting value globally and comparatively easier than other similar assets, such as gold. Ethereum’s asset, Ether (ETH), has a different value proposition, arguably valuable for a number of reasons.

“Ethereum derives its value from a number of different factors, including gas fees, its usage as collateral, its ability to be lent and borrowed…


Bitcoin bull run is still in the early stages, key on-chain indicator shows

The Bitcoin rally is still at an early stage, according to one key metric, despite the overnight pullback.

MARKET ANALYSIS

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The price of Bitcoin (BTC) saw a minor correction on the day as the global stock market pulled back.

The top cryptocurrency dropped by nearly 8% in the last 24 hours, retracing most of the gains it recorded during yesterday’s rally on March 3.

Bitcoin bull run is still at an early to mid stage

According to William Clemente, a cryptocurrency analyst, Glassnode’s Reserve Risk indicator shows…


The next five years will see the first billion people opting to store their wealth using Bitcoin simply using mobile devices, says the MicroStrategy CEO.

MARKETS NEWS

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Bitcoin (BTC) will be the savings method of choice for 1 billion people on their phones by 2026, MicroStrategy CEO Michael Saylor predicted.

In an interview with CNBC on Feb. 23, Saylor, whose company owns in excess of 70,000 BTC, continued his public Bitcoin advocacy, calling it “the dominant digital monetary network.”

Saylor: Billions will choose Bitcoin for savings

Saylor was speaking a day after United States Treasury Secretary Janet Yellen described Bitcoin as “inefficient,” comments that accompanied a price…


As Bitcoin wobbles following a spurt to above $58,000, concerns mount about the depth of a possible inbound correction.

MARKETS NEWS

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Bitcoin (BTC) hit a new high over the weekend in the latest episode of its spectacular 2021 bull run — what’s next for hodlers?

As the largest cryptocurrency approaches $60,000, Cointelegraph takes a look at the factors to consider when forecasting this week’s price action.


The price of Bitcoin keeps climbing higher, but one key support level must hold for the rally to continue.

PRICE ANALYSIS

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The current Bitcoin (BTC) price bull run seems almost unstoppable right now as BTC just notched another new high on Feb. 17.

The psychological barrier of $50,000 finally broke on Tuesday after multiple tests of this level in the previous week. In addition, banks are revealing their interest in BTC, and more public companies are starting to hop on the Bitcoin bandwagon, with the first German company revealing its position today.

This rally could now extend to $63,000. Meanwhile…


The altcoin market crashed as Bitcoin achieved a new all-time high and made its way towards $50,000.

MARKET ANALYSIS

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Altcoins plunged steeply on Feb. 14 after the price of Bitcoin (BTC) achieved a new all-time high above $49,000.

The timing of the altcoin market’s drop was noteworthy because it corrected as BTC was rallying, which typically does not happen.

So why exactly did altcoins crash?

There are two main reasons why the altcoin market pulled back despite the strength of the dominant cryptocurrency.

First, when the price of Bitcoin rallied to a new record-high, it sucked out most of the volume in the cryptocurrency market. …


Around $500 million worth of positions were liquidated within hours as the Tesla news caused Bitcoin to spike over $46,000.

MARKET ANALYSIS

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Bitcoin (BTC) has extended its rally over $46,000 on Feb. 9, a day after a U.S. Securities and Exchange Commission (SEC) filing revealed that Tesla bought $1.5 billion worth of BTC. The price of Bitcoin immediately soared from around $39,000 to $45,000 across major exchanges on Feb. 8 after the news began to spread.


The crypto APIs will help “provide another channel for the Black community to access crypto as a new asset class.”

NEWS

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Visa has teamed up with a neobank to pilot a crypto program that will allow underbanked individuals to purchase, custody, and trade digital assets.

In an announcement today, customers at First Boulevard, a neobank “built for Black America,” will soon be able use Visa’s application programming interfaces, or APIs, to access the benefits of trading and custodying crypto. …


Central banks representing a fifth of world’s population likely to issue CBDC in 3 years: BIS

Many nations are moving to advanced stages of CBDC engagement, according to the Bank for International Settlements.

NEWS

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Central bank digital currencies, or CBDCs, are entering the “advanced stages” of engagement as nations around the world look to capitalize on blockchain technology, according to a new report by the Bank for International Settlements.

In its latest survey of CBDC development, the BIS shows that central banks representing roughly a fifth of the world’s population are set to introduce a “general purpose CBDC in the…


Analysts predict Ether may soon hit a new all-time high after ETH reserves on centralized exchanges fell by 27% in two days.

NEWS

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The amount of Ether held on exchanges has plunged over the past two days, with CryptoQuant data indicating that just 8.1 million ETH is currently sitting in the reserves of centralized exchanges.

The acceleration of ETH being taken off exchanges was highlighted by Nuggets News’ Alex Saunders, who noted a 10% drop in Ether reserves on centralized platforms on Jan.14 — from 11 million to 10 million over 24 hours. …

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