The astronomical rally in Ether (ETH) is not showing any signs of slowing down. The bulls easily cleared the overhead hurdle at $4,000 today, which also pushed the biggest altcoin’s market dominance to over 19%. It is not only Ether that is witnessing sharp buying from traders. Litecoin (LTC) and Cardano (ADA) have also risen new all-time highs, suggesting a broad-based altcoin rally. However, Bitcoin (BTC) seems to have lost its momentum as it continues to struggle near the $60,000 mark. That has pulled its market dominance to below 44% for the first time since July 2018. However, the recent …

Goldman Sachs has started offering its clients access to Bitcoin (BTC) trading through non-deliverable forwards, according to Bloomberg Law. Max Minton, Goldman's Asia-Pacific head of digital assets, said that “institutional demand continues to grow significantly in this space.” Even Citigroup plans to introduce crypto-related services due to the increasing demand from asset managers and hedge funds. Although inquiries about Bitcoin surged in August 2020, the investment bank has been slow to jump into the crypto market. Citigroup’s global head of foreign exchange, Itay Tuchman told the Financial Times that “crypto is here to stay and that we are just at …

Despite the ongoing legal battle with the Securities Exchange Commission, Ripple reported a 97% increase in sales of XRP for quarter one. Ripple posted its first-quarter markets report on Thursday, which revealed that total net sales of purchases had gone from $76.27 million in the fourth quarter of 2020 to $150.34 million in the first quarter of this year. It also noted that the surge in sales was led by the growing demand for RippleNet’s working capital service On-Demand Liquidity, or ODL: “The increase in XRP sales can be attributed to deeper engagement from key ODL customers. For well over …

Dogecoin (DOGE) skyrocketed above $0.69 today and flipped XRP to become the fourth largest cryptocurrency with a market capitalization of over $88 billion at its highest point. Galaxy Digital recently released a report titled “Dogecoin: The Most Honest Sh*tcoin,” and the document highlighted the fact that no updates have been logged in Dogecoin’s GitHub repository since 2017. Even the blockchain’s network security is suboptimal with only 26% of the overall node count running fully synced notes, the report added. There seems to be a massive mismatch between Dogecoin’s fundamentals and its valuation. The meme coin’s rally is an indication that …

Dogecoin (DOGE) is surging, and Bitcoin (BTC) is limping, but one analyst predicts that this week will burst the DOGE bubble. In a series of tweets on Tuesday, popular Twitter account Lowstrife highlighted similarities between Dogecoin and XRP among warning signs that “the end” is nigh. “Final push” As Cointelegraph reported, DOGE/USD has continued to climb this week, reversing previous losses to take out its previous sky-high peak of $0.47. Year-to-date, the pair is up 7,000%. With major proponent Elon Musk due to make his promised appearance on Saturday Night Live as “The Dogefather” on Saturday, however, that date is …

Rosa Gumataotao Rios, the 43rd treasurer of the United States, will be joining Ripple’s board of directors. In an announcement from Ripple today, the company said Rios, who served as the U.S. treasurer from 2009 to 2016 under President Barack Obama, will be the newest member of the firm’s leadership team. Ripple CEO Brad Garlinghouse cited Rios’ experience in both the public and private sectors as well as her success in “rapidly accelerating businesses” in the company’s decision to bring her on board. “Ripple is one of the best examples of how to use cryptocurrency in a substantive and legitimate …

The market capitalization of Dogecoin (DOGE), a meme-based cryptocurrency that started as a joke seven years ago, briefly passed that of major Japanese video game company Nintendo following a price rally. According to data from AssetDash, the market cap of DOGE surged to $77.7 billion on Tuesday following a rally that took the price of the coin above $0.60 for the first time. This rally put the market cap of the project ahead of both cryptocurrency exchange Coinbase at $73.8 billion and Nintendo at $76.3 billion. Though the price of DOGE has since fallen to $0.53, its market cap is …

Ether (ETH) has been the star performer among major cryptocurrencies in the past few days as its rally has continued unabated. The second-largest cryptocurrency by market capitalization crossed the $3,300 today sending projects market cap to $381.6 billion. Ether has now become the 24th largest asset in the world, vaulting the project above blue-chip names like Mastercard, NVIDIA, Walt Disney, Bank of America and Home Depot, according to data from Infinite Market Cap. This strong performance in Ether has also brought back murmurs of Ethereum flippening Bitcoin (BTC). However, Ether has a lot of catching up to do if it …

The recent weakness in Bitcoin (BTC) price did not see any panic selling by investors, suggesting the sentiment in the crypto sector remains bullish. After Ether’s (ETH) strong run in the past few days, Bitcoin played catch up today as it reclaimed the $55,000 level. This suggests investors continue to accumulate on dips. Gaming-focused venture capital fund Bitkraft Ventures, with more than $400 million in assets under management, has tied up with crypto research firm Delphi Digital to invest in crypto-assets and related projects. The demand from institutions also seems to be picking up in Asia. To cater to this …

Major cryptocurrency company Ripple has not given up on its plans to go public despite its ongoing legal battle with United States regulators, according to SBI Group’s CEO. Yoshitaka Kitao, CEO of Japanese financial giant SBI Group, claimed that Ripple plans to become a public company after the firm settles a legal action brought against it by the United States Securities and Exchange Commission. Speaking on a Wednesday earnings presentation call, Kitao said that both Ripple CEO Brad Garlinghouse and executive chairman Chris Larsen are planning to take Ripple public: “After the current lawsuit, Ripple will go public. The current …

Bitcoin (BTC) has slowed down after its sharp relief rally over the past 48 hours, but Ether (ETH) is in no mood to rest as it continues to chase new all-time highs. The biggest altcoin by market capitalization seems to have received a boost from the news of the launch of a 100-million-euro ($120.8 million) digital bond sale on its network by the European Investment Bank. Meanwhile, Bitcoin’s institutional adoption has continued to expand. Japanese game developer Nexon disclosed the purchase of 1,717 Bitcoin at an average price of $58,226, for a total consideration of about $100 million. Nexon president …

Bitcoin price started the week off with a strong move that propelled the price above $50,000 and at the time of writing, bulls are in pursuit of the $55,000 level. On April 21, JPMorgan analysts wrote that the liquidity in the cryptocurrency markets is likely to recover sharply after the recent sell-off in Bitcoin (BTC). According to the analysts, “the worst of the liquidations” could be over “suggesting little overhang to work through.” Another bullish sign was shown by the Crypto Fear and Greed Index, which quickly dipped from greed in the last week to fear on April 25, indicating …