Kaiko Research: Monthly Market Report May 2021

Bitcoin’s price action has been relatively stagnant over the past few days. The market is still hanging around the $30K level, but this consolidation phase will not continue forever. Technical Analysis By: Edris The Daily Chart: On the daily chart, the 50-day moving average is currently holding the price around the $30K level. However, it…

[PRESS RELEASE – Renton, United States, May 25th, 2023] Stably, a leading Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by launching its US Dollar (USD)-backed stablecoin, Stably USD, as a natively-issued BRC20 token under the symbol #USD. This groundbreaking development marks a critical…

Bitcoin’s price, much in line with that of the US stock market, has experienced an uptick in Friday’s trading session. This comes on the back of new that the Federal Reserve of the United States is planning to cut interest rates in September. Jerome Powell at Jackson Hole The chairman of the Federal Reserve –

The leading cryptocurrency asset manager, Grayscale Investments, has donated $1 million to the non-profit think tank focused on public privacy in the crypto ecosystem – Coin Center. Additionally, Grayscale has vowed to match every other donation up to $1 million through February 2021. Grayscale Donates $1M To Coin Center Based in Washington, DC, Coin Center…

Following a few days of gradual increases, bitcoin has slowed down and dipped to around $54,000. Apart from Ethereum, which painted yet another all-time high hours ago, and DOGE, most other alternative coins have also declined slightly on a 24-hour scale. Bitcoin Neared $56K But Failed The primary cryptocurrency reacted well a few days ago…

The Chief Investment Officer of the world’s largest asset manager, BlackRock, believes that Bitcoin and cryptocurrencies are here to stay. Although he hasn’t invested in BTC, Rick Rieder asserted that Bitcoin could “take the place of gold to a large extent.” BlackRock’s CIO Believes In Bitcoin Founded in 1988 in New York, BlackRock is an…

Crypto exchange Bullish has called off the planned merger worth $9 billion with Far Peak Acquisition Corp. According to an official statement, the two entities have mutually agreed to terminate their proposed business combination. Far Peak is led by Thomas Farley, a former president of the New York Stock Exchange. Terminated Merger Bullish is audited…

It’s April 1st – a day celebrated internationally by people who make practical jokes and have fun. In previous years, we’ve always dedicated a piece on something fun and whimsical to brighten the mood of our readers, but today, it’s important to remain careful. The industry has changed a lot in the past year, and…

This week saw the cryptocurrency market go through some serious turbulence, as the prices for the largest coins by means of total capitalization went on a rollercoaster. The tumultuous market dynamics ultimately resulted in a slight gain of about $15 billion added to the cap. Leading the market was, of course, Bitcoin. The price was…