Bitcoin’s (BTC) recent surge above $40,000 injected a healthy dose of bullish optimism into the crypto market, and further proof of this comes from the Crypto Fear & Greed Index, which has decreased from "extreme" to "neutral." Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24 hours are Linear (LINA), WazirX (WRX) and Storj (STORJ). The overall market conditions continue to improve following the now-denied rumors that Amazon would begin accepting cryptocurrencies as payment at some point in 2021 which helped to spark an increase of more than $155 billion in the total …
This week CNBC reported that Morgan Stanley will give its millionaire clients access to Bitcoin (BTC) starting in April and this shows that traditional financial powerhouses are under pressure from their clients who are demanding exposure to cryptocurrencies. This suggests that the rate of institutional adoption may still be at a nascent stage. Chinese tech company Meitu also announced a new purchase of $21.6 million worth of Bitcoin and $28.4 million worth of Ether (ETH) on March 17. The company said its board believes “cryptocurrencies have ample room for appreciation in value” because the blockchain industry is still in its …
This week Linear Finance (LINA) emerged as a viable competitor to Ethereum-based projects in the DeFi sector that find themselves hampered by congestion and high transaction costs. Data from Cointelegraph Markets and TradingView shows that on Jan.13 LINA was trading for $0.0135 with a 24-hour trading volume of $2.3 million. Since that time its price increased by 750% to an all-time high of $0.10 on Feb.12. Originally an ERC-20 based project, LINA transitioned to the Binance Smart Chain in mid-January ahead of its mainnet launch on Jan.28. On the same day of the mainnet launch, the team also released Linear …