Options market predicts chance of Bitcoin hitting all-time high in 2020 is 4%BTC $9363 (+2.2%) • ETH $244 (+3.7%) • XRP $0.198 (+1.5%)
Bitcoin’s multi-month consolidation phase is narrowing as the cryptocurrency now trades between $9,100 and $9,200. The incredibly low volatility that has come about as a result of this has only been seen a handful of times throughout its history and suggests that a major movement is looming on the horizon. That being said, one important fragment of the crypto market doesn’t seem to think that this next big movement will be enough to spark the next parabolic uptrend. According to data, Bitcoin’s options market is only pricing in a four percent chance of Bitcoin hitting its all-time highs of $20,000 by the end of the year. More news ⏬eToro: Crypto “finally” has a use case, and it’s not DeFi or Bitcoin
A new report jointly-published by eToro and The TIE laid out their research on the cryptocurrency landscape for Q2 of 2020. Thanks to our premium sponsors⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Ethereum has stalled after 180% rally but its on-chain case remains strong
Like Bitcoin, Ethereum’s price has flatlined over recent weeks. Tether (USDT) is about to pass Bitcoin’s average daily transaction value
The stablecoin sector has been seeing tremendous growth throughout the past year. As Hong Kong banks censor millionaires for pro-democracy ties, Coinbase CEO calls for open finance
Accredited investors in Hong Kong are facing scrutiny from wealth managers and banks globally — the latter searching for investor ties to a pro-democracy narrative. Japan: Bitcoin-friendly central bank creates digital currency division
Japan’s central bank — the Bank of Japan (BoJ) — confirmed Monday it has created a new division to research and study the issuance of digital currency. The biggest thing since Bitcoin? New AI protocol scares Twitter users
While Bitcoin has yet to go entirely mainstream, it has been deemed one of the world’s most important innovations of the past two decades. The number of large transactions on Chainlink increased 15x in 2020
After the price of its native token LINK reached its all-time high last week, Chainlink has seen its on-chain metrics skyrocket. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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