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Neue Woche beginnt mit geringfügigen Einbrüchen auf den Kryptomärkten

  • Top-Krypto-Assets sind in den letzten 24 Stunden um 2 % bis 5 % gesunken.
  • Zum Zeitpunkt des Schreibens hält Bitcoin 37.076 USD und Ethereum 2.544 USD.
  • Terra verliert weiterhin erheblich und ging in der letzten Woche um 25 % zurück.

Die Volatilität, die die Kryptomärkte im Januar geplagt hat, setzte sich bis in die letzte Woche des Monats fort. Marktschwankungen ließen die Preise zu Beginn der neuen Woche mit großen Krypto-Asset-Token in den roten Zahlen schaukeln.

Mit einer Marktkapitalisierung von 705,98 Milliarden USD laut CoinMarketCap ist Bitcoin in den letzten 24 Stunden um 2,6 % gefallen und wird derzeit bei 36.975 USD gehandelt. Obwohl der weltweit marktbeherrschende digitale Vermögenswert am Wochenende nördlich von 38.000 USD in Bits lag, ist er uneinheitlich geblieben, ebenso wie ETH, der native Coin von Ethereum.

ETH ist an diesem Tag derzeit um 1,85 % im Minus, verzeichnete aber seit Freitagnachmittag einen ziemlich konstanten Anstieg und erreichte am Sonntag bis zu 2.630 USD. Heute Morgen begann der Token jedoch zu fallen, stürzte bis auf 2.499 USD ab und hat sich kaum der 2.600-Dollar-Spanne genähert. Trotzdem hat es sich von einem Rückgang unter 2.350 USD erholt und ist in den letzten sieben Tagen insgesamt um 15 % gestiegen.

Alts halten sich stabil

Die meisten Altcoins haben sich über das Wochenende an den Märkten bescheiden entwickelt. ADA wird mit 1,02 USD gehandelt und hat in den letzten 24 Stunden 4,4 % verloren. Wie viele andere Alts hat es sich kaum von dem Schlag erholt, den der Markt am vergangenen Wochenende erlitten hat. Seit Mittwoch ist der Token nicht mehr über 1,1 USD gestiegen und hat sich auch am Wochenende nur um die 1 USD-Marke herum bewegt.

Binance Coin (BNB) verzeichnete in den letzten 24 Stunden ebenfalls eine negative marginale Veränderung von 3,91%. Er entspricht jedoch dem allgemeinen Marktverhalten im 7-Tage-Zeitrahmen und zeigt einen Anstieg von 8,5 % im Vergleich zu seinem Preis in der letzten Woche.

Die Solana-Aktien SOL und MATIC weisen ebenfalls einen positiven Anstieg im Vergleich zu ihren Positionen der letzten Woche auf. Mit einem Anstieg von 10,4 % bzw. 18,6 % in den letzten sieben Tagen stehen die Token kurz davor, 92 USD und 1,60 USD zurückzuerobern.

LUNA verzeichnet weitere Verluste

Terras LUNA ist jedoch ein Einzelfall. Der Coin hat in den letzten sieben Tagen einen Einbruch von 25 % verzeichnet. LUNA wechselt derzeit den Besitzer bei 45,75 USD, ein Minus von 8,63 % in den letzten 24 Stunden.

Der Kurs liegt damit mehr als 55 % unter seinem Allzeithoch. Innerhalb dieser Spanne testet LUNA nun Tiefststände, die es zuletzt im November gesehen hat.

The post Neue Woche beginnt mit geringfügigen Einbrüchen auf den Kryptomärkten appeared first on BitcoinMag.de.

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Crypto-backed cards usage is growing rapidly regardless of volatility, says i2C’s McCarthy

  • i2c saw a 500% jump in crypto-linked card issuance and a 600% surge in transaction volume, McCarthy told CNBC’s “Squawk on the Street.”
  • He says the average daily transaction volume stands at $60 million, with volatility not a major impact on everyday spending.

 i2c Inc. president Jim McCarthy says the firm continues to see tremendous growth in the use of crypto-backed cards despite the volatility that has seen prices of digital assets plummet.

The levels of growth and usage seen across crypto-linked cards in 2021 far exceeded what was observed in traditional credit and debit cards, the i2c boss told CNBC’s “Squawk on the Street” on Monday.

He said that across the Visa and Mastercard product offerings, the issuance of crypto-backed cards jumped 500% between January and December last year. 

Meanwhile, transactions spiked sixfold, with the 600% surge coming even as prices of cryptocurrencies soared and then began to fall towards the end of the year.

People are using the Visa or Mastercard crypto wallets for everyday spending, he added. He believes this is the reason the sector continues to “see a lot of growth regardless of the volatility in underlying assets.”

Every day spends, according to McCarthy, averages $60 million.

He also told CNBC that there has not been a direct correlation so far between prices tailing off and consumers increasing or cutting their usage.

Commenting on the demographics and what users were using more on a daily basis, the i2c president highlighted that it really cuts across all ages. For example, a study of over 3.5 million users showed that 45% of crypto-backed card users were aged 35 years and above.

Asked about what this meant for the industry even as cryptocurrency looks at decentralised finance over traditional payment rails, he noted:

“I think that DeFi is still more theoretical at this point. [Again] where I sit, what I think is interesting is that people are using these assets, even though there’s a lot of volatility in them, for everyday spend using traditional rails.”

McCarthy’s comments come a few days after Visa Inc., the world’s leading provider of credit cards, said processed $2.5 billion worth of payments made via crypto-linked cards. The company said this represented a 70% jump in volume over that recorded in 2021.

i2c reportedly accounts for over 5 million crypto-backed cards, with services accessible across 200 countries and available 24/7. The Silicon Valley firm was founded in 2001.

The post Crypto-backed cards usage is growing rapidly regardless of volatility, says i2C’s McCarthy appeared first on Coin Journal.

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Interested in the new Smart Contract Blockchain cryptocurrencies? FTM vs. AVAX – Which is more promising?

 Smart contracts made blockchain technology explorable and usable. It allowed the creation of apps, digital assets, organizations, etc. Of the numerous blockchains, two new ones are gaining traction in the crypto space. They are Fantom and Avalanche.

 Fantom was launched in December 2019 by Michael Kong to support dApps and digital assets, among others. It uses Asynchronous Byzantine Fault Tolerant (aBFT) proof-of-stake consensus algorithm (Lachesis) to implement security, low transaction fees, and high throughput. This mechanism uses a modular consensus layer that can be integrated into any network. It also has Fantom Virtual Machine that supports project development on the ecosystem.

 Avalanche was created in September 2020 by Ava Labs to support the integration of various DeFi ecosystems. It has three subchains, including Exchange Chain (X-Chain), Platform Chain (P-Chain), and Contract Chain (C-Chain). The X-Chain allows the creation and exchange of assets, the P-Chain is where validators and subnets converge, and the C-Chain aids the execution of EVM and smart contracts. It operates on Avalanche and Snowman consensus protocols.

 Both blockchains are scalable, secure, decentralized, and have low transaction fees. They have wallets where their native tokens can be stored and staked while maintaining compatibility with other wallets. Unlike Fantom, which has 22 members, Avalanche is backed by Ava Labs with over 100 members. Due to Fantom’s compatibility with Solidity and Vyper, it can easily integrate various projects into its ecosystem.

 Although they are both scalable, Fantom is than Avalanche with a finality period of one second. Also, Fantom has a fully implemented on-chain governance where FTM holders can participate in governing and propose changes on the network. However, it costs more to be a validator on Fantom.

 The price of FTM rose by 13,500%, while that of AVAX rose by 560% last year, according to CoinGecko. This can imply that although it is highly adopted, it is still undervalued. The adoption of Fantom blockchain is increasing right now, which would positively affect its price in the long run. So, in this case, the better investment is Fantom and FTM costs $2.08 as of today.

 Before you join the Fantom wagon, go ahead and do an in-depth analysis. After doing that, please deal wisely and put what you can lose.

The post Interested in the new Smart Contract Blockchain cryptocurrencies? FTM vs. AVAX – Which is more promising? appeared first on Coin Journal.

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Morgan Stanley: Bitcoin’s 50% correction “within historical norms”

  • Analysts at the bank say Bitcoin has corrected by 50% or higher on 15 occasions since 2009.

  • They say a breakdown to $28,000 is possible as this is 2021’s floor, while $45,000 remains a crucial resistance zone.

Bitcoin’s bounce from recent lows could be hindered if the flagship cryptocurrency slides below $37,000 again, with further losses likely given the potential for fresh sell-off pressure across traditional financial markets.

In such a scenario, Bitcoin’s price could retreat towards major demand zones in the $35k- $33K and see its cumulative losses since reaching an all-time peak hit +50%.

While the slump could be a worrying signal for the benchmark crypto, analysts at Morgan Stanley say this won’t be anything out of the ordinary.

Sheena Shah, the head of research for crypto at the bank said acknowledged in the report that it’s not easy to estimate what the fair value of a crypto asset is, especially given the speculative nature of the asset class.

Per the research note, Bitcoin’s correction is still within the perimeters of bear market crashes seen in previous cycles. Historical data shows Bitcoin price has tanked massively in about 15 bear markets in its life with the latest decline of 50% or more, not an isolated case.

The bank points to $28k as the key price level in this market cycle as it represents the coin’s 52-week low. If a bounceback strengthens and BTC/USD breaks and holds $45k, then the market can look to more gains amid a potential rally.

But Morgan Stanley thinks investors should keenly watch the markets, with the likely scenario being crypt assets remain in a correction amid macro trends.

Crypto analyst Rekt Capital thinks as much, noting on Monday as Bitcoin retreated from highs of $38,300 that BTC/USD could yet see a fake breakout. He says it would be important to take note of such a scenario, where Bitcoin sees an upward flip only to retreat sharply.

Trader and crypto analyst Ali Martinez points to on-chain data from IntotheBlock to suggest Bitcoin is facing stiff resistance around $37,500-$38,500.

“Breaking such a critical supply barrier could allow BTC to advance towards $42,300,” he noted.

The post Morgan Stanley: Bitcoin’s 50% correction “within historical norms” appeared first on Coin Journal.