Ethereum (ETH) outperforms Bitcoin once again after rising above $3000 on Weekly Chart
Ethereum (ETH), the world’s second-largest cryptocurrency, is once again outperforming its biggest rival Bitcoin. As at the time of writing this article, the price of ETH had risen by 6% after breaking through previous resistance at $3,000 levels. Even Bitcoin (BTC) has seen a 3.5 percent increase in price, passing $42,200. On the weekly chart, Ethereum […]
U.S Senator Cynthia Lummis sees Bitcoin mining as a way to boost the US energy industry
The nascent Bitcoin sector continues to get increased attention for its potential, indicating that it will become more than just a payment network or a store of value. Bitcoin, according to some members of the US Congress, is a solution to generation-old energy problems. US Senators believe Bitcoin can help the US attain energy independence. Pete Sessions […]
New Data Reveals An Overall Risk Perception In The Crypto Market
The crypto market often alternates between bullish and bearish sentiments and is often indicated by various metrics. One of these metrics is Bitcoin’s correlation to other markets. According to new data, Bitcoin’s correlation to the rest of the crypto market is nearing all-time highs. The increasing link between Bitcoin and altcoins is cause for alarm. […]
Mike Novogratz Feels Rising Inflation Will Increase Bitcoin Adoption
Bitcoin has often been hailed as a hedge against centralized governments’ bad policies, and that narrative isn’t going away anytime soon. Mike Novogratz, the CEO of Galaxy Digital, believes that Bitcoin will continue to gain traction as long as nations’ economies continue to deteriorate. Bitcoin’s adoption will only accelerate, says Novogratz Novogratz stated in an […]
Thorchain’s RUNE increases 170% and DeFi TVL grows 100% in the last month, here’s why
Despite the recent instability in the crypto space, RUNE, THORChain’s native cryptocurrency, has seen a significant price increase in the last three weeks. Despite the broader market correction, the RUNE price has risen 173 percent since February 24, the day Russia began its invasion into Ukraine. Furthermore, RUNE’s total-value-locked (TVL) in decentralized finance (DeFi) has […]