Author: Editorial Office CVJ.CH

The CVJ editorial staff consists of a team of Blockchain experts and informs daily and independently about the most exciting news.

Bitcoin USD daily basis Bitcoin USD Chart Analysis – Consolidation After Sell Off The reporting week was all about handling the selloff of the previous week. Here, the market participants were mainly focused on the new lows that were created on “Black Wednesday” of the previous week – just below 30,000 USD. In the course of Sunday’s trading, prices travelled in this direction again, with a daily low of 31,000 USD and the close of trading being marked at 34,758 USD. Thus, old lows were no longer undercut and the market has shown that buyers can be found in…

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Large US investor Carl Icahn has once again spoken out about cryptocurrencies. Like other former Bitcoin sceptics, he has changed his mind towards the new asset class and plans a potential 1 billion dollars investment. Carl Icahn is one of the most successful investors on Wall Street. He ranks 124th on the Forbes list with an estimated 16 billion USD net worth. His primary investment vehicle is the publicly traded Icahn Enterprises. He also runs an investment fund, which is made up of his personal money and money from his company. Now, cryptocurrencies have piqued his interest. So far, the…

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PricewaterhouseCoopers International (PwC) has published a comprehensive report on cryptocurrencies. The study provides an overview of how hedge funds and asset managers are dealing with the new asset class on a global scale. The PwC group has published its third annual report examining the global crypto hedge fund landscape. This is based on data from research conducted in the first quarter of 2021. The study was also produced in collaboration with the Alternative Investment Management Association (AIMA), and offers insights into how traditional hedge funds view cryptocurrencies. Number of crypto hedge funds correlated with Bitcoin price The launch of actively…

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According to a report by Goldman Sachs, cryptocurrencies such as Bitcoin are considered investable assets. The asset class carries its own specific risk, according to the big bank, as it is still relatively young and going through an adoption phase. Recently, a detailed report on cryptocurrencies as an asset class by US big bank Goldman Sachs became public. The bank’s researchers found that many of the major cryptocurrencies are unique and rightly occupy their specific niches in the market. In this regard, Goldman compares crypto assets to volatile penny stocks that react with wild swings to the smallest news. It…

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A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. The last 7 days in cryptocurrency markets: Price Movements: Despite the market-wide correction, most crypto assets still have positive YTD returns. Volume Dynamics: May 19th had the highest daily spot volumes ever recorded. Following the initial sell-off, large market participants aggressively bought the dip. Order Book Liquidity: Price slippage for BTC-USD and ETH-USD markets has fallen consistently since last March’s market collapse.  Volatility and…

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Bitcoin USD daily basis Bitcoin USD Chart Analysis – Sell Off to the 30,000 USD Support Zone The trend of lower daily trading levels that started on May 12 consistently continued in the reporting week, and finally led to a downright sell-off. The omens were already bad with the break of the 50,000 USD support zone on the weekend of the previous week. Accordingly, the bears took the reins and two trading days with lower daily lows and highs followed on Monday and Tuesday. The respective daily lows at the beginning of the week at 42,300 USD were already close…

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This week, the crypto market suffered a catastrophic crash that left investors and traders alike. Weak hands were flushed out, leaving only what the community refers to as “diamond hands” behind. The term was coined due to the precious gemstone being among the hardest substances in the world – nearly unbreakable. It requires a specific state of mind, skills, and of course, years of experience with markets. The crash especially crushed newcomers to crypto; however, Covesting’s top strategies are still well in profit, showing that the diamond hand traders on the peer-to-peer copy trading community know how to control their…

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The Federal Reserve Bank will publish a report on the potential transition to a Central Bank Digital Currency (CBDC) in the summer of 2021. The advanced projects of several countries, first and foremost China, as well as the increasing digitalization have intensified the discussion. The U.S. Federal Reserve did not reveal any specific plans for a Central Bank Digital Currency (CBDC). However, Federal Reserve Chairman Jerome Powell referenced advances in payment technology and admitted that the central bank is “carefully monitoring innovations and will adapt”. A digital dollar could boost people’s confidence in the currency, payment networks, banks and other…

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Oracles are building blocks that allow different blockchains to communicate with eachother and real world data. They play a central part in the current crypto ecosystem and are integrated in almost all protocols. An overview of the oracle project DIA in an interview with president Michael Weber. DIA (Decentralised Information Asset) is an open-source, financial information platform that leverages crypto economic incentives to source and validate data and oracles. The platform provides the infrastructure for market actors to supply, validate, use and share financial data. DIA’s data sources and methodologies are transparent and publicly accessible for everyone. This will create…

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Chinese financial authorities have banned financial institutions and payment companies from offering services related to cryptocurrencies and warned investors against speculative crypto trading. Instead, they are developing a central bank digital currency (CBDC). Chinese financial officials announced that the country would crack down on financial institutions that operate cryptocurrency businesses or offer related services. The decision follows several announcements that have already come from China. Even now the government’s position is unclear and bans have been introduced and lifted several times. Chinas “Crypto Ban” Specifically, a number of activities have been banned. These include registration, settlement and trading of cryptocurrencies.…

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A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. The last 7 days in cryptocurrency markets: Price Movements: Bitcoin closed the week down 21% and Ethereum down 8% in a market-wide sell-off triggered by Elon Musk. Volume Dynamics: In just one year, the average trade size for Ethereum has more than tripled on Bitstamp, Kraken, and LMAX Digital. Order Book Liquidity: Market depth evaporated in another case of algorithmic market making perpetuating price…

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Bitcoin USD daily basis Bitcoin USD Chart Analysis – “Sell Off” to Close the Week The upward movement formed in the previous week could not be continued in the reporting week. On Monday already, the market tested the strength of the recent 14-day trend of higher daily lows. This was still defended with a daily closing price of 55,866 USD. On Tuesday, accordingly, trading followed at a slightly higher level than the previous day, directly at the 50-day average. For the time being, momentum seemed to be lost and thus a larger selling wave occurred on Wednesday, which brought the…

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A few months ago, US car manufacturer Tesla announced a billion-dollar investment in Bitcoin. Since then, it was also possible to buy electric cars with the cryptocurrency. This option has now been suspended, the reason being the carbon footprint of the Bitcoin blockchain. In February 2021, Tesla CEO Elon Musk described himself as a “big supporter” of Bitcoin (BTC). Shortly after, the company announced a $1.5 billion investment. Further, customers were also able to pay for electric cars with the cryptocurrency. This week, Musk changed his mind – Tesla no longer accepts Bitcoin as a payment method due to concerns…

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A week ago, eBay announced that payments with cryptocurrencies were under consideration. Now, the operator of one of the largest online marketplaces has decided to enable the buying and selling of non-fungible tokens (NFTs). Will the technology make the leap into the mainstream? The U.S. company eBay recently enabled the sale of non-fungible tokens (NFTs) for digital collectibles such as trading cards, images or video clips on its platform. It is the first e-commerce company to jump on the recent hype surrounding unique blockchain tokens. “Everything collectible has been on eBay for decades and will be for decades to come.…

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A summarizing review of what has been happening at the crypto markets of the past week. A look at trending sectors, liquidity, volatility, spreads and more. The weekly report in cooperation with market data provider Kaiko. The last 7 days in cryptocurrency markets: Price Movements: Ethereum continues to surge to new all times highs in a week marked by notable institutional developments. Volume Dynamics: In just one year, the BTC-USDT trading pair on Binance went from accounting for more than 40% of total exchange volume to just 6%. Order Book Liquidity: The quantity of selling orders on ETH-USD order books…

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Cathie Wood, founder and CEO of Ark Investment Management LLC, joined the board of Swiss crypto platform Amun Holdings Ltd. She has already personally invested in the operator of 21Shares AG, which specializes in exchange-traded products (ETPs). Wood met Amun co-founder and president Ophelia Snyder before the pandemic at a 2019 conference, and they struck up a conversation about the structure of the industry and the potential of new technology applications. Snyder believes that Cathie Wood’s advice on critical business strategy, product development and distribution will be critical as 21Shares expands globally. Wood, in turn, is excited about the sharp…

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