Retail investors are largely uninvolved as Bitcoin price chases $40K

There are many investors feeling validated in the cryptocurrency market now that Bitcoin’s price has established a new all-time high of $34,778.  The last time Bitcoin (BTC) traded anywhere near this level was during the bull run of 2017, when it reached a peak of about $19,783. Even the mainstream media took notice, including the New York Times, which observed that the current rally had “a very different feel to it than the last time around.” Many in the cryptocurrency community would agree. Therefore, it’s essential to take a deeper…

Binance US CEO predicts $100K Bitcoin by 2022

Catherine Coley, CEO of major crypto exchange Binance’s U.S. arm, sees the current Bitcoin bull run as a sign the crypto asset could reach a price up to $100,000. Speaking to news outlet KLTA yesterday, Coley said the recent rally in the price of Bitcoin (BTC) — moving from $19,000 to more than $34,000 in less than a month — may be due to a surge in the number of institutional investors taking an interest in the crypto asset. She added that the crypto space could be seeing an “accelerated”…

Ethereum Just Tapped $1,000 Amid Colossal 30% Rally

Ethereum has shot higher over the past 24 hours as Bitcoin has tried to consolidate after a 10% New Year’s Day rally. ETH is now up around 30% in the past 24 hours, pushing to $985 per coin after many days of consolidation. Ethereum traded as high as $1,005 minutes ago. ETH has pulled back slightly as it has seemingly encountered strong selling pressure at that key technical resistance. The cryptocurrency is now strongly outperforming BTC. Where ETH is up around 28% in the past 24 hours, Bitcoin has only…

Telos’ ‘T-Bond’ NFTs aim to breathe liquidity life into projects young and old

On Wednesday the Telos blockchain announced the launch of a new tool designed to help low-liquidity projects fundraise: a NFT product known as a “T-Bond.”  In an interview with Cointelegraph, Douglas Horn — the author of the Telos whitepaper and the CEO of GoodBlock, a development company who assists with Telos core development — said that token-based fundraising is a tricky problem for both established and new projects. “Many crypto projects face challenges similar to our own. Telos never raised any money in a token sale, but many that have…

Ethereum Reaches Critical Level as Analysts Eye Move Past $1,000

Ethereum has seen some massive momentum as of late that has allowed its price to rocket up towards $1,000 The crypto is finally gaining some ground against Bitcoin after a prolonged period of underperformance Where ETH and other crypto assets trend next will undoubtedly depend largely, if not entirely, on BTC, as its ongoing consolidation above $30,000 is creating tailwinds for altcoins One trader is noting that ETH is now battling for control of a crucial level that has some serious historical significance He notes that a break above this…

Mike Novogratz attributes BTC’s rise past $30K to institutional adoption

Galaxy Digital founder and CEO Mike Novogratz believes institutional investors are helping drive the current Bitcoin bull run. In an interview with BBC World News today, Novogratz said governments around world printing money and “debasing fiat money” was fueling the ongoing Bitcoin (BTC) bull run, but institutional players getting into crypto may be the bigger story. The Galaxy Digital CEO said major firms had changed their tune on crypto in the last three years, potentially affecting the supply of available coins. “Now we’re seeing places like PayPal — at 340…

IRS to transition from ‘education to enforcement’, says former division chief

A former top investigator is warning that “a high-stakes game of chicken” between the Internal Revenue Service (IRS) and cryptocurrency holders who fail to properly report their earnings will be entering a new phase in 2021 as the tax collection agency begins to focus on pursuing “civil and, potentially, criminal penalties.” In an article co-authored by Don Fort today, the former chief of the Internal Revenue Service’s (IRS) criminal investigation division said that while the agency until now has focused its resources on informing the public of proper reporting guidelines,…

fun facts for Genesis Block Day

Since Satoshi Nakamoto mined the first Bitcon block on Jan. 3, 2009, the crypto asset has led to substantial gains for investors given its meteoric rise in the last week alone. The price of Bitcoin (BTC) reached parity with the U.S. dollar almost ten years ago today, a milestone lauded by many as another step towards adoption. With Bitcoin currently fluctuating between $32,000 and $34,000, however, the price of the cryptocurrency is now the same as that of a Model 3 Tesla, which retails for upwards of $30,000. A #bitcoin now…

Ethereum Hits $100 Billion Market Cap in Parabolic Run

Ethereum is in parabolic mode. ETH hit $800 for the first time in two years this morning and has since made a run past $900, peaking around $970 this afternoon. Ethereum Now a $100 Billion Asset  Ethereum is trading at $950.38, according to CoinGecko. Its market cap is now over $107 billion. The number two currency looked poised for a significant price move for some time. The last few days have been particularly positive across the markets, with Bitcoin registering new highs daily. It peaked at $34,685 earlier today.  As…