The Berlin upgrade to Ethereum will likely happen on Wednesday, April 14, 2021, when we reach block 12 244 000. Will the long-standing issue of rising ETH gas costs be solved? TL;DR? Not yet.
With some more reassuring communication from the Fed, volatility in traditional markets remains and continues to go to very low levels. Equities continue to rise. The S&P, now decidedly above $4,000, rose another 0.5% yesterday. The Nasdaq and Dow continue to rise as well. Gold finally bounced back, rising over 1% yesterday.
Treasury Management International (TMI), the leading corporate treasury industry group, has received payment in bitcoin for costs associated with researching the utility of Crypto Assets for its subscribers and readers.
It’s an interesting day to look at market dynamics. With the Fed’s relaxed stance on inflation risks, investors felt confident buying equities and selling bonds. The S&P and the Nasdaq edged higher (currently at record levels), yields remained around 1.7% and the USD gained.
EQUOS, the institutional-grade cryptocurrency exchange owned by Nasdaq-listed Diginex [EQOS], today announced that EQUOS Origin (EQO) officially starts trading, with traders receiving a share of over one million EQO tokens that have been issued to price-taker traders on the platform.
Diginex CEO Richard Byworth held an AMA session with Satoshi CLU₿ on Telegram to talk about EQO, the new EQUOS token that offers multiple incentives for both holders and traders.
BTC is currently at $58,000 (surprisingly close to where we were before the weekend). The hashrate has hit a new all-time high, though, typically a signal that pushes us higher.
From MicroStrategy and MassMutual to Tesla and Mastercard, institutional adoption of Bitcoin (BTC) and other digital assets is rising steeply. With more big money flowing into this alternative asset class and major global banks announcing their foray into crypto custodial services, institutional investors now have more choices available than ever–and choosing the right crypto custodian for their needs is vital.
From the moment Satoshi Nakamoto published his white paper in 2009, Bitcoin has been the highest-priced, most well-known, and most coveted cryptocurrency. But when it comes to ensuring liquidity on the crypto market, a different coin has gained prominence: Tether (USDT).
The headline today is, of course, President Biden’s infrastructure plan (over $2 trillion worth of spending). Investors regained some optimism and favored tech-heavy indexes such as the Nasdaq and the S&P. It’s worth noting that bonds continue to be sold, pushing the 10-year yield to 1.75%. Yesterday, we also suggested gold had reached a support level and could be due for a bounce back, and just that happened, with a 1.4% rise on the session.
EQUOS, Diginex’s [Nasdaq:EQOS] institutional-grade cryptocurrency exchange, has expanded its stablecoin offering by listing Tether (USDT), providing an onramp into the EQUOS ecosystem for traders who use USDT as a base currency.
The US session was marked by rising interest rates, with the 10-year yield achieving a 14-month high at 1.77%. Equities across the board were flat or slightly down. More notably, the Dow fell from the all-time highs reached on Monday.
For a while there today, it looked like Bitcoin would be trading with a $60,000 handle, and then the party stopped. Prices stalled at $59,800 and what looked like a quick breather quickly turned into a mini-blood bath. The liquidation of leveraged longs became the catalyst to drive prices back below $57,000 in a matter of minutes. The dip buyers have so far been rewarded, as prices have since recovered, albeit slowly, to leave us at the $59,000 level.
EQUOS.io partner BTC Jack is seeing both bullish and bearish signals around the Bitcoin price. He predicts we'll see a decision made by April 5-6th. Will we break through 60K and see a trigger to the upside, or sink to retest lower levels? Find out in this week's episode of Price Targets.
The S&P is closing the session flat or slightly in the red. This comes as a result of the forced liquidation of some media stock holdings of some large funds. We also saw bank stocks like Nomura and Credit Suisse suffering. The Dow, on the other hand, closed yet again at new records, currently above 33,170. With the presumed recovery, bonds continued to be sold, keeping the 10-year yield above 1.715%. The dollar is gaining and gold is losing.