Archiv für den Monat: Januar 2021

Bakkt CEO: No XRP support planned

The Bakkt CEO did not comment on why the company does not want to support the XRP and whether that is related to the current legal issues.

Bakkt, one of the largest cryptocurrency companies in the United States, will not support the XRP as part of its further product development, according to the CEO

On Jan. 11, Bakkt CEO Gavin Michael spoke on the Axios Re: Cap podcast about the mainstream adoption of Bitcoin Pro and other digital assets. Michael said Bakkt plans to want to support a number of altcoins on its platform in the future, but XRP is not among them.

Michael did not want to comment on whether the company decided not to include XRP on this list due to Ripple’s legal problems through a lawsuit filed by the US securities regulator.

„Just not on our platform,“ Michael explained. He added:

„We entered the crypto sector through Bitcoin, and that was also the first currency we offered. We have others that are to be added as part of product development. But XRP is not included.“
Shortly before, Bakkt had officially announced that it wanted to go public . On January 11th, Intercontinental Exchange, operator of the New York Stock Exchange and owner of Bakkt, announced a merger with VPC Impact Acquisition Holdings. This should enable Bakkt to go public.

Meanwhile Ripple fights against the action of the SEC that this end of December against the company filed . On January 8, Ripple CEO Brad Garlinghouse vigorously denied the SEC’s „unsubstantiated allegations“ , claiming his company was „on the right side of facts and history.“

Because of Ripple’s legal troubles, many crypto companies have denied XRP. On January 6, the crypto wallet provider and trading platform announced their intention to remove XRP . The platform thus followed the example of Coinbase, Binance.US, OKCoin and others. However, some companies like Uphold have left the XRP on their platforms pending the settlement of the lawsuit with the SEC.

Historic high meets altseason: 5 things to observe at Bitcoin during the week

Bitcoin preserves the $30,000 so far, but a massive increase in Ether and a drop in BTC’s market dominance set the tone for an increase in altcoins.

Bitcoin (BTC) is almost unrecognizable because it starts the first week of 2021 with support at $30,000 after reaching new astronomical highs.

Hard to believe for the hodlers, the price action continues to impress this Monday, even after the crash and now our attention is focused on what may come next.

The Cointelegraph analyzes five factors that investors should monitor in the coming days, in what is one of the most volatile trading moments in Bitcoin history.

Stocks hit high levels as Bitcoin „turns“ the Dow Jones index

It is another curious week for stocks, since the historical highs reached last week in several indices seem destined to continue this path.

As the first days of the new year approached, the Dow Jones Industrial Average and the S&P 500 reached historic records – despite the Coronavirus continuing to generate increasingly strict isolations around the world.

For the Bitcoiners, the Dow took on a different kind of significance last week, with the BTC/USD „launching“ its 30,600 points for the first time, continuing to reach $34,000.

This week, analysts predict that stocks will rise further, part of a long-awaited recovery that, like last year, appears to be at odds with the situation there.

„A strong vaccine-led recovery in global growth will provide a major boost to cyclical assets, including commodities, cyclical equity sectors and emerging markets,“ Goldman Sachs told Bloomberg as part of its 2021 outlook survey.

„However, the path may be complicated as the market balances the weakness of local growth with a future outlook that is more favourable.

Not everyone was so optimistic. Fidelity, the asset manager known for her pioneering pro-Bitcoin posture, fought back:

„2021 is likely to be about capturing opportunities as investors evaluate economic developments related to the virus“.

Bitcoin vs. stocks correlation chart. Source: Digital Assets Data
Future gaps can be left empty forever

After reaching $34,800 over the weekend, Bitcoin seems to definitely need a period of consolidation as the week begins.

The highs, which still seem unreal to many investors, have many obstacles to overcome in order not to allow Bitcoin to give in to the bears.

One of the most urgent issues for traders is the Bitcoin futures „gap“ produced by the weekend’s volatility. Ranging between $29,695 and $32,400, the gap adds up to what was left last week as one of the largest ever seen on the Bitcoin futures chart.

As the Cointelegraph explained earlier, „gaps“ in futures are the price differences between the end of futures trading on a Friday and the beginning of the following Monday. When strong volatility occurs, the resulting gap often forms a short-term target price.

In this case, Bitcoin has an impetus to retest the levels just under $30,000. If you wish to fill smaller gaps that have not yet been tested, the market may fall further. The gap from last weekend’s gap is $23,800.

Although the previous months have seen many gaps being filled, the idea of a $24,000 Bitcoin is now a remote possibility, according to the popular statistician Willy Woo.

„We’ll never see the BTC again at $20k,“ he predicted on Sunday.

„The $24k support would need a black swan event to be broken. The minimum price supported by long term buyers is going up too fast. ”

The $20,000 itself is an area of interest for those studying gaps, with two large vacuums in the futures markets still open below this significant level.
Difficulty, hash rate on track for new registrations

Bitcoin’s basics are better than ever. After a month of small falls, the network difficulty is once again set to increase to reach new records.

In the next automated readjustment at the end of this week, the difficulty should increase by approximately 5%.

The last two readjustments recorded falls of 2.5% and 0.4%, respectively, an interesting contrast to the rapid increases in spot prices seen at the same time.

The difficulty is arguably Bitcoin’s most important technical aspect when it comes to its „reliable“ cash status, allowing the network to essentially govern itself and be secure, regardless of the miner’s participation or the price action.


Bitcoin breaks another record and exceeds R$ 180,000

Bitcoin reached a total market capitalization of US$ 632 billion.

Bitcoin (again) broke another record price and traded above $34,000 this Sunday morning. In Brazil, the digital asset surpassed R$ 180,000 for the first time in history.

In the last 24 hours the digital asset has appreciated 11%. On January 1, the currency was worth US$ 29,000, 3 days later it was traded for US$ 34,100. A valuation of US$ 5,000 in less than a week.


In the last 7 days alone Bitcoin appreciated by 30%. Last year the increase was over 300%.

The infinite high, as it has been called, may have been catalyzed Bitcoin Bonanza at Coinbase, the largest cryptomorphic brokerage house in the United States.

More than 12,000 Bitcoins were withdrawn from the brokerage in the last two days alone, an indicator that some institutional investor may potentially be buying the digital currency.

In addition, the number of bitcoins being sold for less than $100,000 has fallen considerably in Coinbase. Most sales orders are being placed above the price of 100,000.

With the increase, Bitcoin has reached total market capitalization of $632 billion. The crypto market reached $881 billion, leaving Bitcoin with a dominance of 72%.

With the exception of XRP, all top 10 cryptomoks in the market are up to double digits.

The moment is one of happiness and sadness. Those who bought the digital asset in the past celebrate on social networks, but those who didn’t regret the decision.