The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020

While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569 million. Since November 2021, the number of euro stablecoins swelled by 85.34%, but from January 2022 to today, euro stablecoin numbers dropped 14.17% during the last seven months. Euro-Pegged Stablecoins Cross Half a Billion in Value Since the Start of the Year Today, most of the stablecoin economy’s value is based on tokens backed by the U.S. dollar, but a…

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Here are 5 altcoins to study as crypto prices drop to near 1-year lows

[ad_1] The pain trade has been an unwelcome sight across the cryptocurrency market since the start of 2022 and over the past 24 days Bitcoin (BTC) and the altcoin prices have drifted, leading some analysts to suggest that a bear market is at hand. Despite traders’ concern that another extended crypto winter could be starting, it times like these when investors can capitalize on great opportunities to pick up fundamentally sound cryptocurrencies at a discount. Crypto Fear & Greed Index. Source: Alternative.me In that vein, here’s a closer look at…

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Bank of America Says Solana Could Take Market Share From Ethereum, Become the ‘Visa of the Digital Asset Ecosystem’ – Altcoins Bitcoin News

[ad_1] Bank of America’s analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects “Solana could become the Visa of the digital asset ecosystem.” Bank of America on Crypto, Ethereum, and Solana Bank of America (BOFA) analyst Alkesh Shah published a research note on cryptocurrency this week arguing that Solana could take market share away from Ethereum. The Bank of America analyst described that Solana “produces a blockchain optimized for consumer use cases by…

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Bitcoin price surges to $43K, but traders warn that ‘real pain’ is due for altcoins

[ad_1] Bitcoin (BTC) fell slightly into the Wall Street open on Jan. 11 after the largest cryptocurrency failed to crack resistance above $42,000, but fresh comments from U.S. Federal Reserve chair Jerome Powell appear to be providing a boost to markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin squares off at support According to Powell, the United States is likely to remain in a low-interest environment for some time, a comment that stocks and risk-on assets like cryptocurrencies seem to appreciate. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…

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Elon Musk Reveals Real Reason He Supports Dogecoin, Says Many People at Tesla and Spacex Own DOGE – Altcoins Bitcoin News

[ad_1] Elon Musk has revealed the real reason he supports the meme cryptocurrency dogecoin. He shared that a lot of people he talks to at his companies, Tesla and Spacex, own dogecoin, noting that “it felt like the people’s crypto.” Lots of People Elon Musk Talks to at Spacex and Tesla Own Dogecoin Tesla and Spacex CEO Elon Musk revealed Sunday the real reason he began supporting dogecoin. He noted that many people he talks to at both companies own the meme cryptocurrency. Responding to a tweet by dogecoin holder…

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Privacy-focused altcoins soar after Bitcoin’s ETF news sparks a market-wide rally

[ad_1] Traders and the market are showing extreme optimism on Oct. 15 after rumors and an assortment of documents suggest that the path toward a Bitcoin ETF approval has fewer obstacles lying ahead. Following the positive news, the price of Bitcoin (BTC) rallied to nearly $63,000 for the first time since April and multiple altcoins saw their prices book triple-digit gains. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were…

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Altcoins see a 35% bounce after Bitcoin reclaims $43,000

[ad_1] The sharp correction that threatened to pull Bitcoin and altcoin prices back toward their sing lows appears to have dissipated now that Evergrande informed investors that it intends to make an on-time payment on its debt. With global markets feeling reassured, major equities, Bitcoin and altcoins prices all saw a rebound at the market open. After a swift drop below $40,000 on Sept.21, BTC now trades above $43,300 and Ether (ETH) has reclaimed the $3,000 level. Altcoins have also seen a strong recovery, with many posting up to 15% gains…

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These 3 altcoins mooned as Bitcoin price rallied to $52,000

[ad_1] The wider cryptocurrency market is showing signs of strength on Sept. 6 as Bitcoin (BTC) bulls battle for control at the $51,500 level.  Altcoins have benefited from Bitcoin’s strong showing, with many seeing gains in excess of 20%, and the Altseason Indicator from Cointelegraph Markets Pro continues to signal that market conditions are tilted toward further gains for altcoins. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours…

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Trading altcoins at the edge of addiction – Cointelegraph Magazine

[ad_1] Whether working in visual innovation or merely acting as a reporter, I’ve made a career out of diving headfirst into ideas that I know nothing about. The fresher, more complex the puzzle to be solved, the more I dig into it, going from unknown to known. And if I’m lucky, I’m gifted a day-long adrenaline rush and some unusual dreams in return for my services. When I was starting out, I worked as a breaking news journalist — a job that had me writing up to six news stories…

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Ethereum, altcoins risk more downside than Bitcoin if BTC losses $30K, warns analyst

[ad_1] Altcoin traders and investors should look for cover if Bitcoin (BTC) undergoes major price declines. So believes Filbfilb, an independent market analyst and co-founder of Decentrader trading suite. In a tweet published late Friday, the pseudonymous entity said a 30% crash in the Bitcoin market could prompt altcoins to drop twice as harder. When Bitcoin consolidated between $50,000 and $60,000 in the March-May period, altcoins exploded. Similarly, the recent correction in the Bitcoin market, which witnessed the flagship cryptocurrency falling from circa $65,000 to as low as $28,000, also…

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