Categories
Daily Crypto News

22nd March, Daily report: Bitcoin bulls support altcoins, Ethereum rose 60%, Grayscale liquidates XRP, Retail Investors are back and Goldman Sachs to enter Crypto soon.

22nd March, Daily report: Bitcoin bulls support altcoins, Ethereum rose 60%, Grayscale liquidates XRP, Retail Investors are back and Goldman Sachs to enter Crypto soon.

Share with Others

Bitcoin bulls buy BTC’s support retest as altcoins push higher

Lower support retest was bought up by bitcoin bulls, preparing BTC for another push to $50,000. Despite increased sell pressure across the market, several altcoins showed strength. Chainlink (LINK) experienced a surge overnight and currently trades at $20.50, up 13.9% in the 24-hours. Cosmos (ATOM) has gained 21.62% and trades at $7.81.

After Ethereum, ‘next stop will be higher risk altcoins’

Raoul Pal says higher risk altcoins are likely to follow Ethereum, which rose 60% in the first two weeks of 2021. As the cryptocurrency market is showing signs of bullish continuation on Jan. 15, Raoul Pal, the CEO of Real Vision Group and an avid Bitcoin (BTC) investor, is optimistic about the price of Ether (ETH). Pal  also says he’s looking to add “higher risk altcoins.”

Grayscale Investments liquidates all of its XRP

Grayscale is dissolving its XRP Trust and will distribute cash to investors after liquidating all XRP held by the trust. Institutional crypto-fund manager Grayscale Investments has begun the dissolution of its XRP Trust in response to the Security and Exchange Commission’s December 2020 lawsuit alleging the XRP token is a security under U.S. law.

Retail Investors Are Back in Crypto Markets

A familiar face is back in the cryptocurrency ecosystem. Enticed by the prospect of quick profits in a rapidly appreciating asset class, retail investors are returning for a second innings to the crypto ecosystem. Unlike last time, when they exited after booking profits, retail investors might be into crypto for the long haul this time around. Bitcoin bulls region is playing a key role in the same.

Goldman Sachs to Enter Crypto Market ‘Soon’ With Custody Play

Goldman, JPMorgan and Citi are all said to be looking at crypto custody. U.S. banking powerhouse Goldman Sachs has issued a request for information (RFI) to explore digital asset custody, according to a source inside the bank. This initiative was “part of a broad digital strategy,” citing stable coins in relation to recent missives from the U.S. Office of the Comptroller of the Currency (OCC).

5 Things to Consider Before Investing in Cryptocurrency

5 Things to Consider Before Investing in Cryptocurrency There is no question that cryptocurrencies have established a new investing sector. With the value of digital currencies such as Bitcoin over ...
Read More

Tax on Cryptocurrency In India – Complete Guide 2022

Wondering how taxation on crypto works in India? How much do you have to pay tax on cryptocurrency in India? How 1% TDS is levied on crypto? Don’t worry we ...
Read More

New Cryptocurrency Bill Advances to Senate in Brazil

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if ...
Read More

USDC Sees Native Launch on Avalanche

USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge ...
Read More

Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs

On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ...
Read More
Share with Others