BUSINESS & INNOVATION763Personal Finance643GLOBAL ECONOMY521FINANCE & BANKING511Entrepreneurs & SMEs439EMERGING TRENDS335
If an investor believes in the technology-backed digital currency, then cryptocurrency should be his cup of tea. Just a decade-old asset class, it has yielded astronomical returns over the years. Some investors look to use these digitally coded tokens to hedge against inflation. Despite high volatility and speculations, there are multiple reasons that they can become mainstream in the coming future.
.
One of the fastest-growing pension markets in the world could be about to dive into crypto.
Cryptocurrency values are up, but so is the price of everything else in the United States! Investor curiosity in BTC grows as data shows U.S. inflation rose to a 30-year high.
Top Trending TermsHang SengDow JonesKospiIPOCryptocurrencyForexSGX NiftyRecosStock MarketSBI share priceTop gainersSilver priceMCX
About UsArchiveSubscribe to ET PrimeBook your Newspaper SubscriptionCall 1800 1200 004 (Toll Free)Create Your Own AdAdvertise with UsTerms of Use & Grievance RedressalPrivacy policyContact Us
The market seems to have taken a turn this morning as a correction has set in. Both BTC and ETH have witnessed a small correction, said Zebpay Trade Desk. The same is happening in altcoins as well, it added.
Top SearchesCryptocurrencyTop Stock RecommendationsIPO Allotment ProcessSensexNiftyCurrency ConverterSBI share price Read on App Top cryptocurrency prices today: Cardano, Polkadot, Dogecoin shed up to 5%
Both moving averages are sloping up and the relative strength index (RSI) is near the overbought territory, indicating that bulls are in control.
Registering an account on Binance.US is a relatively straightforward affair and includes providing a user’s email address and password and interacting with a verification email.
The market for cryptocurrencies has roughly quadrupled from its 2020 year-end value [File: Paul Yeung/Bloomberg]
Is the Subject Area "Twitter" applicable to this article? Yes No
Binance has grown into the world's largest cryptocurrency exchange. During the month of May, Binance had spot trading volume of approximately $1.5 trillion, which was a 63% increase from April. As you can see in the image below, the volume traded on Binance is significantly higher than its closest competitors, Huobi and Okex.
Like traditional currencies, cryptocurrencies express value in units — for instance, you can say “I have 2.5 Bitcoin,” just as you’d say, “I have $2.50.”
More importantly, we find that the ACP and ANET factors can price cryptocurrency returns. In particular, all of our five cryptocurrencies have positive and significant exposures to the fundamental factors. The explanatory power of ACP and ANET is over and above any effects related to the Bitcoin and momentum factors. This finding is non-trivial given that the five cryptocurrencies in our sample have consistently accounted for between 80% to 95% of the total cryptocurrency market capitalisation. Furthermore, we extend our factor analysis to an out-of-sample set of 33 cryptocurrencies obtained from the Bittrex exchange. We find that the aggregate computing power and network factors also price cryptocurrencies in this large out-of-sample data set.
Precious MetalsSilver MicroGold MGoldSilver MGold PetalGold GuineaSilverOthersMentha Oil
Indeed, following its nearly $20,000 peak, bitcoin in early 2018 dropped to around $10,000 and hovered there for a while.