Bitcoin (BTC) price has been having trouble tackling the $50,000 mark over the last 2 weeks. After prices surged off the bottom of $29,000, BTC managed to rise nearly 75% in less than a month. Since then, BTC price has been steady within a $5,000 range which has allowed many alt coins to surge past their ATHs. The overall market is still showing bullish signs as many investors are anticipating a push over $50,000 to happen fairly soon.
The bulls regained momentum over the crypto market, as BTC and other crypto assets were up with a decent margin. On the other hand, Cardano is ruling the market with its splendid performance, the price had spiked by 11.67% to sustain above $2.8. Yet the weekend slashed all the prices as most of the crypto assets experienced a downtrend.
Whenever there's data out on futures contracts liquidation, many novice investors and analysts instinctively conclude that it's degenerate gamblers using high leverage or other risky instruments. There's no doubt that some derivatives exchanges are known for incentivizing retail trading to use excessive leverage, but that does not account for the entire derivatives market.
Momentum for the top layer-one protocols has been on the rise throughout August as the highly anticipated rollout of the London hard fork on the Ethereum (ETH) network has done little to address the network's high transaction fees and delayed confirmations.
Jack Dorsey, CEO, and founder of Square has announced that the payments company’s recently established department, TBD, will be building a decentralized exchange (DEX) for Bitcoin.
The Bitcoin market is on the mend as we approach the weekend. The price of Solana (SOL) reached fresh all-time highs. Solana has flipped Uniswap to the 10th largest cryptocurrency by market capitalization, with a current market valuation of $24.62 billion.
Digital wallets are software constructs that mimic physical wallets and provide the functionality of storing, using and categorizing payment instruments. The journey of digital wallets started with payments and morphed to other forms of stubs such as digital passes, tickets and boarding passes. However, crypto wallets attempt to redefine the digital wallet landscape as something more than safe storage of payment and crypto instruments.