Track market-moving stories before they get noisy

Cryptocurrency alongside blockchain is a widely acclaimed and prevalent network in the world. It is being used in many fields of everyday life and is gradually taking over. It is a well-encrypted and protected form of decentralized bank, which is technologically sophisticated and complex. It holds great potential to create tremendous opportunities and is actively gaining a foothold in football as well.

Big clubs implementing cryptocurrencies2019 was a remarkable year when some of the top football clubs decided to align with cryptocurrency. Football superstar like FC Barcelona attacker Lionel Messi came forward to promote different cryptocurrency and blockchain projects, which was very surprising.

The first major club in Europe to actively accept cryptocurrency payments has been Portugalia club Benfica. In June 2019 the club signed a partnership with the UTRUST payment platform. It allowed fans to purchase merchandise with cryptocurrency, including Bitcoin and Ethereum successfully. In September 2019 Benfica sold tickets through the platform to Leipzig fans, and this move was met with approval.

In October 2019 English club Watford FC made an unusual decision. The footballers had the logo of bitcoin on the sleeves of the kit. The board described it as an action to educate people about the benefits of bitcoin. 

The most decorated German club Bayern Munich has also decided to join the cryptocurrency system by signing a partnership with Stryking Entertainment. The Bayern officials described it as a great leap forward, and it became possible to acquire various collectibles and player cards for online competitions via tokens and coins.

In January 2019 Juventus with the help of Socios.com, online platform, started the Juventus Official Fan Token. The main reason for the campaign was to incentivize its fans to participate in global cryptocurrency trading actively. Later in August the club launched its customized digital token CHZ. French club PSG was also the one to strike a deal with Socios.com

A Premier football club Gibraltar United gained remarkable attention when the owner Pablo dana declared it would pay its footballers via cryptocurrency. He is an investor in Quantocoin and believes that it is an excellent way to tackle corruption which is very prevalent in football.

English football club Arsenal FC also expressed the willingness to engage in the cryptocurrency system actively and has signed the sponsorship deal with CashBet. Vinai Venkatesham, who is Arsenal's Chief Commercial Officer, said it was a pleasure for the club to work with CashBet.

Turkish club Harunustaspor declared in January 2018 that it became the first club in the world to successfully sign a player using cryptocurrency. A transfer that was carried out using the blockchain was very transparent and had all the information regarding the player.

Why do clubs make their cryptocurrencies? There are plenty of reasons why the clubs choose to implement cryptocurrency: First of all, it is a commercial strategy that attracts thousands of fans worldwide and effectively expands the global audience. Many people actively use cryptocurrency as a form of payment and find it more simple.

Secondly, it serves as the addition to get rid of credit cards and cash systems. Blockchain is a more robust and decentralized system, which allows its customers to feel safe and secure all the time. When the fans look forward to purchasing team kits or match tickets, it seems more convenient.

The third reason is that clubs also want to eradicate any corruption and money laundering, which saw many top officials removed in recent years. Due to its impenetrable and practically unbreakable system, the risks and vulnerabilities of any kind are completely eliminated. The clubs will manage financing matters securely, let alone the fact sponsorship will bring more revenue. 

ConclusionCryptocurrency related brands regularly become official partners for football teams. They provide a unique experience and still are in initial stages to further develop. There are a number of reasons why clubs choose to align with them. It is an advantage in terms of reputation, revenue, simplification. More and more football teams are showing their desire to implement cryptocurrency strategies by choosing prominent ones actively. it is hard to predict whether it takes time to get used to it, but clubs are incredibly hopeful they will successfully carry out everything.

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There is a 20% chance that Bitcoin (CRYPTO: BTC) could surpass the $70,000 mark by the end of April.

That's according to data from the decentralized marketplace Lyra Finance.

The prediction might catch some off guard, especially considering Bitcoin's 35% increase to $52,000, marking its highest point since late 2021.

This uptrend is driven by significant investments into U.S.-based spot ETFs, showcasing strong bullish momentum.

The broader sentiment among cryptocurrency traders suggests possible further increases in Bitcoin's value.

This optimism is partly due to the expansive U.S. fiscal policy, which is seen as a counterbalance to rising interest rates.

Additionally, the anticipated mining reward halving in April is seen as favorable factors for risk-taking in the financial markets.

Also Read: Deutsche Börse Subsidiary Crypto Finance Unlocks New Era In German Crypto Services

Why It Matters: Options, as financial derivatives, offer insights into market expectations.

These instruments allow buyers to purchase or sell an asset at a set price in the future, without obligation. The pricing of options can reveal where experienced traders predict the market will move in the near term.

Lyra stands as the largest decentralized platform for crypto options, commanding half of the global decentralized exchange (DEX) options volume, which reached $32 million in the past 24 hours, according to DeFiLlama.

The platform recently introduced Bitcoin options set to expire on April 26, coinciding with the anticipated reward halving.

Forster said, "Early trading activity [in the April 26 expiry] has been concentrated in the upside, with call buyers lighting up the $64,000 and $70,000 strikes," indicating a bullish outlook from traders on the future price of Bitcoin.

Read Next: Bankrupt Genesis Gets Green Light To Liquidate $1.38 Billion In Grayscale Trust Shares

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Robinhood offers to Uber cash to customers and have AI give trading advice

Your favorite altcoin may be up 100% year-to-date, but make no mistake, Bitcoin is currently the alpha of the cryptocurrency pack.

Related Reading: Bears in Charge as Bitcoin Price at Risk of November 2018 Style Dump Since Bitcoin dominance hit some 32% in early-2018, altcoins have underperformed. Dramatically. In fact, dominance for the leading cryptocurrency now sits at 69% and is showing no signs of stopping its growth.

According to a recent analysis by one leading trader, Willy Woo, the carnage seen in altcoin markets may soon end — or at least may take a breather. Bag holders rejoice!

Altcoins May Soon Bottom Against Bitcoin While Bitcoin is a mere 50% lower than its all-time high of $20,000, a majority of altcoins are far from achieving that milestone. Per data from Messari’s OnChainFX, XRP, Ethereum, Bitcoin Cash, and Litecoin are among the leading altcoins that are still more than 80% down from their all-time high. This bifurcation, as aforementioned, has resulted in a surge in Bitcoin dominance.

Woo, however, believes that altcoins may soon finally find some support against Bitcoin. He posted the below image on Twitter, which shows that the altcoin capitalization-to-Bitcoin capitalization ratio and the altcoin market volume-to-Bitcoin market volume indicators are currently “heading into a region of support.”

Indeed, as the Bitcoin-centric Adaptive Capital partner chart depicts, the two aforementioned indicators are currently poised to encounter two key lines of historical support. Should history repeat itself, altcoins should bounce in the coming months, potentially to kick off what crypto traders call an “altseason”.

Related Reading: Ethereum Price Has Best Risk-Reward Ratio Ever: Crypto Venture Capitalist Woo isn’t the only analyst currently charting for altcoins to finally start baring their fangs.

Per previous reports from NewsBTC, Bitcoin dominance is nearing the apex of a rising/ascending wedge, which, is a technical pattern marked by tightening ranges and a decrease in momentum. With an ascending wedge being seen as a bearish chart structure, BTC dominance may soon collapse and an altseason may come to fruition.

That’s not all, a Telegram technical indicator group recently posted that the weekly Bitcoin dominance chart on TradingView flashed a sell nine for the TD Sequential indicator. This strongly implies a strong trend reversal for altcoins against BTC, which has the potential to last for a number of weeks.

Or Not… Despite the signals that altcoins may finally have some room to run, not everyone is convinced. In fact, 70% of more than two-thirds of nearly 4,900 respondents to a Twitter poll believe that the altcoin carnage isn’t complete. The remaining 30% think that this subset of the crypto asset class has finally bottomed.

Pure fundamentals suggest that Bitcoin may continue to steal all the limelight from altcoins.

Just look to the U.S. Securities and Exchange Commission’s recent attacks against high-profile crypto projects, like Kik’s KIN and Veritaseum, which have both been sued by the financial regulator over recent months.

Also, institutions foraying into this industry have focused nearly solely on Bitcoin. Just look to Bakkt, which will be finally coming to market this fall with its first product — physically-deliverable Bitcoin futures.

Featured Image from Shutterstock

Over the past few months, Bitcoin has dominated the investment scene. Year to date, the cryptocurrency has gained some 200%, which comes as traditional assets have bled out in anticipation of a recession and due to rising macroeconomic risk.

But one not-talked-about fact is that not only is Bitcoin outperforming traditional assets but altcoins too.

CoinMarketCap data shows that Bitcoin dominance — the percentage of the cryptocurrency market’s capitalization that is BTC — has risen to 70%, which is a level not seen in over two years. Even this 70% reading, however, may be understated.

Bitcoin Really is The Crypto King Blockchain analytics firm Arcane Crypto recently released a report, accentuating that the traditional Bitcoin dominance statistic is somewhat invalid. They wrote:

“Using the price and market valuation as signal of strength is of course a weak proxy. Price is far from everything and many projects might be hugely successful without the token capturing a large market capitalization.”

They thus argued that a better way to measure a cryptocurrency’s dominance is by weighting the market capitalization of all cryptocurrencies against their trading volume, which they claimed is a measure of market liquidity.

In doing this, their research found that “Bitcoin’s market dominance is pushed well above 90%. This is true whether we use the volumes as recorded on CoinMarketCap, excluding stable coins, which are representations of other assets rather than “true” cryptocurrencies, [or Bitwise’s “Real Ten” exchanges].”

Their research has been indirectly corroborated by a comment from a prominent crypto fund manager.

Speaking on the “Citizen Bitcoin” podcast recently, Murad Mahmudov, a former Goldman Sachs banker, explained that Bitcoin, by many measures, is the only liquid cryptocurrency on the market. He even explained that if you were to place a $1 million sell order of any top 15 cryptocurrency save for Bitcoin, you could crash the market.

Why is Bitcoin Outperforming? As reported by Blockonomi previously, Binance’s research division believes that much of this underperformance stems from a “flight to quality” from low-quality altcoins to the market leader.

You see, the countless altcoins that were propped up in 2017 and early-2018 have failed to deliver. Even bigger names in the cryptocurrency space have underperformed investors’ expectations.

That’s not all. The investors that are foraying into this industry are focusing their sights on Bitcoin. Just look to the media coverage of the cryptocurrency space. Notice how they don’t mention Ethereum, Litecoin, or Bitcoin Cash, but just Bitcoin.

This tacit “maximalism” has been reflected in institutional investors making sorties into this space. There’s a reason why Bakkt, the New York Stock Exchange-backed crypto startup, is starting with Bitcoin futures, not Ethereum futures or an altcoin basket ETF.

And to top it all off, regulators have taken a heavy stance against altcoins, especially those issued via a token sale or generation event. The U.S. Securities and Exchange Commission (SEC) has recently begun to wage war against ICOs, bringing lawsuits against Veritaseum and Kik’s KIN, for instance.

These cases have resulted in massive sell-offs for these tokens and have likely only added to the anti-altcoin sentiment currently brewing in the market.

With Bitcoin and Ethereum being the only two digital assets really signed off on by the SEC, traders are likely focusing their investment in these areas to avoid potential regulatory risks.

Do Altcoins Have Any Hope? This may leave you wondering if Bitcoin will continue to dominate.

According to a number of cryptocurrency venture capitalists and investors, Bitcoin’s strength against altcoins — well at least Ethereum — may soon end. Placeholder’s Chris Burniske recently wrote that Ethereum is currently like Bitcoin in 2014 in 2015, which is when the cryptocurrency exhibited “the best risk/reward period for investors”.

His tweet implied that Ethereum’s fundamental momentum and price are bifurcating, but that should history repeat, ETH’s value could soon surge.

1/ $ETH is enduring its 1st mainstream bear market, just as $BTC did in 2014/15.

In retrospect, 2014/15 was the best risk/reward period for investors to get BTC exposure.

— Chris Burniske (@cburniske) August 20, 2019

Nick Chong

I am a writer who has been following the cryptocurrency space since 2013. My insights and interviews have been featured in leading publications in the industry such as LongHash, NewsBTC, and Decrypt. When I am not writing, I work as a team member of the EXODUS division of HTC, a Taiwanese electronics company. I own a small amount of Bitcoin. Contact [email protected]

The U.S. Securities and Exchange Commission (SEC) seems to be waging a war against the crypto ecosystems. Over the past few months, the American financial regulator has continued to take action against industry firms that it deems in violation of securities laws.

On Thursday, the SEC revealed that it had settled a massive $10 million case with an unregistered cryptocurrency platform.

Crypto Firm Charged Millions For “Defrauding Investors” Announced in a press release published on Thursday, the SEC has settled charges with Bitqyck, a Dallas-based cryptocurrency exchange, and its founders for offering security-like cryptocurrencies and making false statements about its product.

The SEC’s complaint claims that Bitqyck and two founders Bruce Bise and Sam Mendez created and distributed Bitqy and BitqyM without the proper licenses. These sales of the two digital assets affected 13,000 investors and raised more than $13 million.

It was also proposed that platforms affiliated with the cryptocurrencies were operating in bad faith. QyckDeals was purportedly misrepresented as a global marketplace, offering certain products that were not bonafide.

One product QyckDeals sold was “smart contract” ensured fractional shares of Bitqyck. David Peavler, the Director of the SEC’s Fort Worth Office, called these “shares” “very alluring, [as] investors believe they are getting in on the ground floor and will own part of the operations.” Other parts of Bitqyck’s business was also alleged to be fraudulent, including promised “interest payouts” to BitqyM investors and touted a supposed “cryptocurrency mining facility.” Peavler stated in a press comment:

“We allege that the defendants took advantage of investors’ appetite for these investments and fraudulently raised millions of dollars by lying about their business.”

To settle, “Bitqyck, Bise and Mendez consented to final judgments agreeing to all the injunctive relief”. The company itself paid pay disgorgement, prejudgment interest and a civil penalty of $8,375,617. And the founders paid around $850,000 apiece, paying back a majority, if not all of the ill-gotten gains obtained from the operation of Bitqyck.

One of Many Cases As hinted at earlier, this is one of many recent cases the SEC has taken up against members of the cryptocurrency industry.

Earlier this month, the SEC charged ICO Rating, a Russian entity that was focused on research, reviewing, and rating initial coin offerings, for failing to disclose that some reviews were pay-for-play. The firm purportedly agreed to pay just under $270,000 to settle charges. It was also indicated that the SEC believes ICO Rating “produced research reports and ratings of blockchain-based digital assets”, including “tokens” or “coins” that were clearly securities.

A few weeks earlier, an emergency case was filed against Veritaseum, once a popular cryptocurrency project, to stop its founder and the company itself from spending the proceedings of its ICO. Similar to the case against Bitqyck, the SEC purported that Veritaseum made serious misrepresentations about its product.

The governmental agency may not be stopping any time soon, though. In a Bloomberg interview published just the other day, Chairman Jay Clayton asserted that he won’t change securities laws to accommodate cryptocurrencies. While Clayton stated that he isn’t anti-innovation, he thinks the SEC giving this industry some leeway isn’t rational.

The SEC’s commissioners are expected to rule on three Bitcoin exchange-traded fund (ETF) proposals in the coming three months. Despite all the aforementioned cases, pundits are hopeful that the SEC will finally approve a product to give institutional investors a way to invest in the industry.

Nick Chong

I am a writer who has been following the cryptocurrency space since 2013. My insights and interviews have been featured in leading publications in the industry such as LongHash, NewsBTC, and Decrypt. When I am not writing, I work as a team member of the EXODUS division of HTC, a Taiwanese electronics company. I own a small amount of Bitcoin. Contact [email protected]

Peter Schiff Calls MicroStrategy’s MSTR Stock a Scam and Saylor a Fraud

The Brave browser and its native Basic Attention Token (BAT) is one of the most revolutionary concepts in online digital advertising to date.

This privacy enhanced browser is increasingly popular and people are downloading it in their droves. They are also using the in browser rewards to earn BAT in exchange for their attention thereby further driving demand for the tokens and browser.

However, is it really worth all of the hype?

In this Basic Attention Token review, I will attempt to answer just that. I will also take a look at the Brave ecosystem and the long term use cases for the BAT token.

What is Basic Attention Token?The Basic Attention Token is the native token that is used in the Brave ecosystem.

Brave offers a privacy-focused browser that shields users away from 3rd party ads and trackers. On this browser publishers, advertisers and users are all incentivized to help each party generate the most value.

The token and Brave project is quite an interesting one as it is trying to solve some fundamental problems that exist today with digital advertising.

For example, consumers are growing ever more conscious of how their data is being misused by social media companies like Facebook. This is evidenced by the growing demand for ad-blocking software, which now operates on over 600 million mobile devices and desktops globally.

The industry seems no longer capable of aligning incentives between advertisers, publishers and users. The advertising ecosystem has become rife with data exploitation (users personal data being exploited, as well as the high costs of data from downloading irrelevant and impersonal ads) and inaccurate reporting of user engagement.

Demand for BAT, an ERC20 token, will be driven by the following factors:

Advertisers pay Publishers in BATs to have their ads viewed by usersUsers earn BATs when they view ads. User attention is monitored on their devices and in the Brave browser using machine-learning technology (private data always remains contained within the devices being used).Advertisers get better ROI as a result of a more accurate and incentive based systemHow is Attention Measured?Brave takes the unique approach of measuring attention at the browser level, meaning it keeps track of user engagement within an active tab in real time, showcasing relevant ads based on time spent scrolling over specific content in the tab.

The browser calculates an ‘attention score’ based on whether a page is viewed for a minimum of 25 seconds, and the total amount of time that is spent on that page. Other pieces of data (such as type of content being viewed) are included and sent to the Brave ledger system, which records and sends payments to the publisher and user based on the final attention score.

This process enables BAT to more effectively measure user attention and accurately reward publishers and users.

The company also boasts its use of Machine learning to provide a superior process for tracking user activity in order to share more relevant ads.

Today, digital ad services use Cookies and other 3rd party trackers, which often fail by serving ads for products that users have already bought.

According to the New York Times, $23 of the average users monthly phone bill goes towards paying for the bandwidth spent on ads and trackers, resulting in 21% less battery life.

Data from the following publishers shows how the cost of downloading ads + tracking is a large portion of the cost of content:

Image Source: brave.com

As Brave Co-founder Brendan Eich describes it, “we’re paying to be bothered by ads”. The Brave browser significantly reduces bandwidth by blocking irrelevant ads while serving only those that fit the users interests based on attention monitoring within their device.

BAT also aims to displace advertising networks (or 'ad exchanges’). These middlemen help broker deals between publishers seeking ads, and advertisers seeking publishing space.

Image Source: liesdamnedlies.com

However through this process, what is gained in efficiency is lost in the quality of ads shown to relevant users.

The more advertising networks exist to broker deals between publishers and advertisers in the system, the further advertisers and publishers are separated from each other, which results in more impersonal ads being shown to the wrong people purely for the sake of these middlemen exchanges earning more money.

Image Source: liesdamnedlies.com

BAT completely decentralizes these ad networks, enabling publishers and advertisers to deal with each other directly through the BRAVE browsers attention monitoring technology, which increases the quality of ads shown while maintaining efficiency.

Image Source: BAT Whitepaper

BAT, like most other tokens, can be applied as a utility in the Brave browser platform, or traded for Bitcoin and other coins on public exchanges like Binance.

Brave has plans to provide multiple use cases for users holding BAT tokens. For example, Publishers will be able to offer premium content for those who pay using BAT. Users will also be rewarded with tokens for promoting the publishers content themselves.

Brave Browser V1.0 ReleasedThe Brave browser spent a long time in its beta period, but the first Brave 1.0 production version was finally released on November 13, 2019. This is a turning point for the internet, because this Brave browser is a speed demon, and heavily focused on the privacy of its users. With a cavalier approach to ad-blocking and the promise of BAT payouts, the Brave browser is now on the cusp of an explosion.

With more than 8 million global users already, the Brave 1.0 browser promises users speed, privacy, and improved battery life for their mobile devices.

There are two very clear reasons why Brave is now the leading browser on the market, and neither one has to do with the potential for earning BAT by using the browser.

Here’s what really makes Brave a special browser.

No Tradeoff between Speed & SecurityBrave is by far the fastest browser available for any operating system, whether used on a mobile device or a desktop machine. The memory usage of the browser is exceptionally low, and websites load far faster as well. Brave claims loading times are 3-6x faster than other browsers, and I can tell it’s true.

The foundation of Brave’s speed comes from the suite of built-in privacy and security features. You’ve all probably experienced websites loaded with advertisements, trackers, pop-ups, and banners that slow your device to a crawl as it tries to wade through the mountains of extraneous code. And while you can add plugins that block advertisements and trackers on Chrome and Firefox, the Brave browser runs these features by default.

Brave Compared to Chrome for Loading Speeds. Image via Brave

One huge privacy concern recently has been the use of a method known as “fingerprinting” to track user activity all across the internet, which allows advertisers to build a unique and identifiable profile for any tracked user without loading cookies on the computer.

Other browsers have begun to fight back against fingerprinting, and Brave is leading the charge. Besides blocking fingerprinting, the Brave Shield feature also blocks a huge number of invasive advertisements and tracking cookies.

Brave has also sidestepped one common problem found in modern browsers. They can often interfere so greatly with a website to block elements that users are unable to access the content they came to the website for in the first place.

That either means the user has to go elsewhere to find information, or they need to go through the time-consuming and irritating process of disabling security plugins one by one until they can figure out which one is causing the browsing problem.

Choosing which ads to block on the Brave Browser

The Brave privacy suite eliminates the need to go through this painful process and makes it faster and far less annoying to have a secure browsing experience. One click on the Brave icon and users are presented with a small menu that has simplified toggles to turn on and off the extensive security features in the browser settings.

Because the Brave browser is built on the Chromium engine that powers Google Chrome it’s possible to increase privacy even further by adding your own choice of extensions in the same way you would when using the Chrome browser. But just because Brave is built with the Chromium engine it doesn’t mean you’re giving up your data to Google.

Brave has stripped the Google-specific code from its version of the Chromium engine, thus not just blocking outside data from getting in, but also blocking data that’s already inside from getting out. The bottom line is you can use Brave without worrying that it’s sharing all your browsing history with Google.

Brave & BAT PowerAnd here is the feature that attempts to blend user and advertiser needs with privacy concerns and the revenue generated by advertising on websites all across the internet. That feature is Brave Rewards, which users can opt into if they want to support websites with revenue, but still, maintain their privacy.

When opted into Brave Rewards the Brave browser will swap ads on a website with ads of its own. The major difference is the Brave ads don’t track you, and when users view or engage with the ads they get rewarded with BAT tokens.

Brave will keep 30% of the ad revenue spent by advertisers while passing the other 70% on to the Brave users. Users can also utilize the BAT added to their accounts to tip users on a variety of social media and other sites, or by contributing to their favorite websites. For example, Wikipedia is a Brave publisher and can be supported with BAT donations.

Value flow of the BAT Tokens in Ecosystem. Image via BAT whitepaper.

Brave claims the average user can earn roughly $5 per month, with this figure varying based on the region they live in and other factors.

Prior to the release of Brave v1.0 users were unable to withdraw any of the BAT they made using the browser. However it is now possible to withdraw through the cryptocurrency exchange Uphold, and Brave says by next year users will be able to redeem BAT for product discounts, gift cards, and subscriptions, plus more.

Brave has had push-back from advertisers since its inception due to issues with having their content covered. However, when looked at through the eyes of the user trying to avoid the increasing surveillance of corporations, the BAT model is a good one. And considering there are now thousands of advertisers using Brave, even though some are just testing at this point, it seems Brave is here to stay.

The one thing needed now is more users. While 8 million is a good start, it’s a long way from the 250 million users of the Mozilla Firefox browser or the more than 1 billion Google Chrome users.

History and TeamBrendan Eich founded Brave Software in 2017. As the creator of JavaScript and co-founder of Firefox, he’s certainly proven capable of developing large scale and disruptive software when it counts.

In the same year it was founded, the BAT token raised an impressive $35million in just under 30 seconds during their ICO.

Some of the Brave Team Members. Image via Brave.

They have since secured early partners and brought on top talent developers and executives. Other key members of the team include:

Brian Bondy – Lead Developer, co-founded Brave. Previously: Khan Academy, Mozilla, and Evernote.Yan Zhu – Chief Information Security Officer.Holli Bohren – Chief Financial Officer.BAT is headquartered in San Francisco, with an additional office in London. As of December 2019, their workforce has grown to over 100 employees.

CompetitionBrave has a few competitors in the Blockchain space disrupting digital advertising.

Papyrus and Adshares both offer similar Blockchain based advertising ecosystems. The main difference is that they focus primarily on publishers and advertisers, leaving users out of the equation.

Braves toughest challenge however will come from the fierce competition it faces in the web and mobile browser space.

Image Source: brave.com

As of March 2018, Google Chrome, Safari, Internet explorer and Firefox collectively made up about 90% of the browser market. Ad blocking capabilities and even an incentive based token ecosystem are features that any of these browsers could replicate if they choose to.

Brave will have to offer much more in order to be considered a viable alternative for everyday users.

BAT Price PerformanceThe BAT token launched in June 2017 at a price of $0.17. A month later on July 16, 2017 the token hit an all-time low of $0.066209.

It was fortunate timing though as it came just before the great rally in cryptocurrencies at the end of 2017, and BAT hit its all-time high of $0.980702 on January 9, 2018. Of course, from there it dropped throughout 2018 as the entire cryptocurrency space suffered a deep bear market.

2019 saw a recovery early in the year, with BAT reaching $0.44391 by April 21, 2019. Of course, it dropped off those levels but has been holding up fairly well in 2019 compared with many other altcoins.

BAT Price Performance. Image via CMC.

As of early December 2019, it remains above its launch price and is trading at $0.186301 on December 4, 2019. A week early the BAT token had reached $0.277868 as it rallied following the release of the first production Brave browser.

The chart indicates that BATs price (like most other coins) is moving in accordance with the general wave of market sentiment around crypto-currencies. Like most blockchain projects, I believe it will take some time before the technology is validated enough for the token to start defining its own price trends in the crypto-currency market.

BAT Markets & StorageWhen it comes to the markets for BAT, it is quite a popular token and is listed on a number of exchanges including Binance, Coinbase, Bittrex, Huobi etc. However, over 50% of the volume is currently taking place on two of the top exchanges.

This is not one of our preferred exchanges and the fact that the bulk of the trading is taking place here is a potential problem for open market liquidity. It means that these exchanges could have an outsized impact on the market for BAT.

Register at Binance and Buy BAT Tokens

Having said that, the individual liquidity on the order books of exchanges like Binance are pretty deep and liquid. This means that you can execute your orders with relatively little slippage (even for those large block orders).

Once you have your Bat, you’ll need a place to store them safely. The Brave browser uses Uphold to keep your tokens as you earn them for viewing ads, so that’s always an option.

Bat is also an ERC-20 token, so if you already have a wallet that supports this type of token, you can use that. If you don’t, there are plenty to choose from. These include wallets such as MetaMask, MyEtherWallet and hardware wallets such a Trezor / Ledger.

Pros & ConsBased on this review there are a number of opportunities and challenges that I have identified with the Brave browser. These are just my opinion and I encourage you to do your own research.

First, lets take a look at some of the opportunities we have with Brave & BAT:

In true Blockchain fashion, BAT aims to displace the middlemen ad exchanges responsible for polluting the ad experience by creating an incentive based decentralized network where publishers, advertisers and users can more effectively feed off of each other’s needsThe team is highly experienced and has proven to be successful in creating disruptive technologiesBraves browser provides much faster speeds as a result of its ad blocking featuresBraves privacy browser is already up and working with 10 million monthly usersThe browser monitors user attention in real time, while maintaining anonymity and privacy for usersThe public is increasingly becoming more aware of how ads are negatively impacting their experience. This is shown by the rise in ad blocking software globally (600m devices). At the same time, traditional publishers have lost approximately 66% of their ad revenue over the past decadeBrave Daily User Growth. Image via Brave.

However, there are quite a few disadvantages and challenges that the browser could face coming forward. These include some of the following:

BAT is relying on people adopting the Brave browser, which could be trouble because of strong competition from Google Chrome, Safari and Brendan’s former company – Firefox. There have been discussions around of Brave developing a Chrome extension to expose their solution to more users, but no release date has been confirmed.Advertisers may still face challenges with converting users into paying customers. It seems like the profile of a Brave browser user is someone who:Already uses or is interested in using an ad blockerWants a faster browsing experienceWants to get paid for viewing adsWants to see more relevant adsWants to save money on mobile dataAt this time it’s not so clear which of the 5 traits most accurately describe a Brave user. One would have to assume that having access to an ad blocker would be most important.

However in order for Brave to provide advertisers with a higher ROI, they need to attract users who are willing to pay for products they discover through ads, even though they may only be using the service to earn tokens by viewing these ads.

Generally, people who are interested in viewing ads for money usually aren’t in a position to pay for the products being advertised to them, and in the worst case, may seek to manipulate their views in order to earn more tokens.

This could be a concern for advertisers hoping to attract real customers and increase sales by using Brave.

ConclusionBrave browser faces stiff competition from the likes of Google Chrome, Safari, Firefox and others. Although they’re currently showing impressive growth with 8 million monthly users, the browser is going to need to form large strategic partnerships that allow for BAT to become integrated into the browsing experience of everyday users across the web.

At the same time, advertisers are going to need assurance that the incentive-based model being proposed will actually help them convert their ad dollars into product sales, and not just guarantee more ad views.

Although Adblockers and a token-based ecosystem are great value propositions, I believe what will ultimately bring Brave and its Basic attention token to mass adoption is the cost savings from reduced data spent on ad downloads and trackers.

The appeal of a browser that can help people cut down 20% of their monthly phone bill is widespread and could be utilized to form partnerships with mobile data providers like Verizon and AT&T.

Ad downloads and trackers currently cost users $23 a month in mobile data. Braves browser cuts down on these costs significantly through its ad blocking technology.

Based on this knowledge, Brave could partner with AT&T, Verizon, and other mobile data providers to reward customers with a discount on unlimited data plans when they adopt the Brave browser on their mobile phone.

From AT&T and Verizon’s perspective, if customers commit to using a low bandwidth browser, data providers can offer them unlimited data at a lower cost to their business.

AT&T and Verizon could benefit from people paying a slightly lower price for their unlimited data plan ($10 or $15 discount for example) because those same consumers might be saving mobile providers $20 or $30 per account by using the Brave browser to cut down their average monthly data usage by 0.5GB.

Ultimately, the value of Braves browser to AT&T and Verizon would be to help them reduce the cost of serving their customers with unlimited data. Such a partnership could allow Brave and BAT access to several million more users.

There’s currently no mention of a mobile data provider partnership occurring, but as a consumer, I’d definitely be excited about the possibility of Verizon charging me $15 less to use their unlimited data plan by simply switching browsers and purchasing BAT.

It’s too early to tell, but I wouldn’t put it past Brendan and his team to explore discounted mobile data plans as the ideal incentive to encourage more mainstream adoption and increased voluntary ad views on the Brave Browser.

Disclaimer: These are writer opinions and should not be considered investment advice. Readers should do their own research.

Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are poised to introduce groundbreaking legislation on stablecoins.

The bill’s success could herald a new era of financial innovation and stability, aligning with the dynamic needs of the digital economy.

How New Stablecoin Bill Aims to Eradicate MalpracticesThe Senators’ announcement at the Bitcoin Policy Summit in Washington marks a pivotal moment in cryptocurrency regulation. According to Forbes, the Senators plan to unveil the bill later this week or next week.

Amid the regulatory turmoil affecting companies like Coinbase and Binance, this legislative effort is timely. It also addresses the ongoing disputes between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). These agencies have been at odds over crypto classification and control.

Read more: Crypto Regulation: What Are the Benefits and Drawbacks?

Gillibrand and Lummis, leveraging their expertise, previously advocated for the Responsible Financial Innovation Act. This act sought to establish a comprehensive regulatory framework for crypto assets. Moreover, it proposed classifying most cryptocurrencies as commodities, thus under the CFTC’s jurisdiction.

Nonetheless, the new stablecoin bill aims to enhance industry integrity and allows nondepository institutions to issue stablecoins under strict regulatory conditions. Consequently, this ensures the industry’s safety and promotes innovation.

“We’re making sure that state and federal regulators have the oversight authority to weed out bad actors while still promoting growth and innovation. And we’re requiring that all issuers make sure that the reserves are back to one-to-one,” Gillibrand said.

The bill outlines two issuance paths for stablecoins. Depository institutions could issue them, following federal and state bank charter regulations. Alternatively, non-depository institutions would be under federal oversight, with states playing a significant regulatory role.

Gillibrand emphasizes the bill’s balanced nature, which is crafted through compromise. It seeks to align the interests of the state entities and the crypto sector.

The stablecoin legislation represents a broader vision for the cryptocurrency market’s integration into the financial mainstream. Stablecoins, as per Gillibrand, could be the regulatory keystone. They might unlock the full potential of cryptocurrencies, leading to a more inclusive financial system.

Read more: A Guide to the Best Stablecoins in 2024

Moreover, ongoing negotiations highlight the importance of bipartisan and bicameral support. Key political figures, including Patrick McHenry (R-N.C.) and Maxine Waters (D-Calif.), are actively involved in these discussions. Previously, these lawmakers have maintained a crypto-friendly stance.

The prominent investor Robert Kiyosaki is widely known for three things: authoring the best-selling personal finance book ‘Rich Dad Poor Dad,’ making exceptionally provocative posts on X, and being very bullish on gold, silver, and Bitcoin (BTC) and mightily bearish on the U.S. dollar.

Looking at the recent performance of the three, with silver running strong, gold now expected to hit $3,000 within months, and Bitcoin reaching a new all-time high (ATH) in March with even bigger moves expected with the halving, it seems apparent that Kiyosaki’s investment advice is sound.

With this in mind, Finbold decided to try and estimate just how much an investor would have made if they invested $1,000 in each of the author’s favored assets when he first recommended all three near the same time..

How much would an investment in Kiyosaki’s favored assets made when he turned bullish be worth now? Tracking down when Kiyosaki first turned simultaneously bullish on the two commodities and the world’s premier cryptocurrency proved a troublesome task, but an extensive search yielded three strong candidates.

Kiyosaki has been bullish on gold and silver for decades, citing his sister’s investments as a positive example already in 1997 and, 20 years later, on August 14, 2017, he made a cautious recommendation for Bitcoin on Facebook (NASDAQ: META) – though he did warn it is extremely risky and expressed doubt in its long-term prospects.

BTC price chart and the timing of the three recommendations. Source: Finbold and TradingView That day, the price of Bitcoin stood at $4,300, of gold at $1,281, and silver at $17. This means that a $1,000 made in each of the three assets made at the time would now, on April 17, be worth $14,593 – with BTC press time price at $62,752.40 – $2119.68 – with gold’s press time price at $2391.09 – and $1684 – with silver’s price standing at $28.63.

The next milestone came on December 31, 2019, with the release of the book ‘Fake,’ in which Kiyosaki describes and, arguably endorses, gold and silver as ‘God’s money,’ and Bitcoin as ‘people’s money.’

Gold price chart and the timing of the three recommendations. Source: Finbold and TradingView That day, the price of Bitcoin stood at $7,252, of gold at $1,517, and silver at $17.82. This means that a $1,000 made in each of the three assets made at the time would now, on April 17, be worth $8,653, $1,576, and $1,606.6, respectively.

Kiyosaki’s stance became evidently solidified by the release of his interview with Anthony Pompliano, published on ‘The Rich Dad Channel’ on YouTube on July 8, 2020. Coincidentally, in the very same episode, Pompliano predicted a BTC climb to $100,000 – a prediction that is yet to come true.

Silver price chart and the timing of the three recommendations. Source: Finbold and TradingView That day, the price of Bitcoin stood at $9,439, of gold at $1,808, and silver at $18.7. This means that a $1,000 made in each of the three assets made at the time would now, on April 17, be worth $6648, $1,322.4, and $1,531, respectively.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Amid escalating geopolitical tensions in multiple regions of the world, the famous investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has opined they could lead to another World War and that Bitcoin (BTC) would do well in such circumstances.

As it happens, Kiyosaki discussed the future of banks, Bitcoin, gold, real estate, and the state of the world as he sat down with Gerald Celente, the editor and producer of the Trends Journal, for an episode of Kiyosaki’s The Rich Dad Channel podcast that premiered on April 17.

Bitcoin through the roof Specifically, as the popular finance educator pointed out, the global uncertainties are heightening toward the edge of a massive war, and “our banks are in trouble,” while assets like precious metals and cryptocurrencies are rising in demand and price, highlighting that:

“We’re talking about the ‘golden year’ for gold, and the reason for it is the banks are going bust – everybody knows that – Bitcoin is going through the roof, but the part that concerns me the most is World War 3, we’re on the verge of it right now.”

Furthermore, Kiyosaki asked Celente for his views, and the editor explained that there were now 300 regional banks in the United States that the experts have downgraded to negative, as opposed to five last year, and the commercial property debt accrued during Covid’s switch to working from home has led to:

“The banks face a $2 trillion wall of commercial property debt – $2 trillion coming due that they’re not going to be able to pay. The banks are going to go bust. It’s going to be a banking crisis the likes of which we have never seen in the world.”

BTC price prediction As a reminder, Kiyosaki has long supported the flagship decentralized finance (DeFi) asset, which he believes could one day hit the price of $2 million, agreeing in his view with Cathie Wood, the founder and CEO of ARK Invest, which manages several exchange-traded funds (ETFs).

Meanwhile, the maiden crypto asset was at press time trading at the price of $64,700, recording an increase of 5.27% on the day, reversing the losses of 8.31% from across the week, and accumulating a gain of 2.49% on its monthly chart, as per the most recent information retrieved on April 19.

Bitcoin price 24-hour chart. Source: Finbold In conclusion, Robert Kiyosaki might be correct in his predictions, but it is important not to follow anyone’s advice blindly and do one’s own due diligence, thoroughly investigating any asset before investing a significant amount of money in it because trends can shift on a whim, regardless of the industry.

Watch the entire video below:

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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A third-party provider failure caused Revolut’s app to show wildly inaccurate crypto prices on Friday, the company confirmed, after users flooded social media with screenshots of Bitcoin listed at just 2 cents.

Third-Party Provider Blamed For Pricing Chaos Revolut acknowledged the problem in a public statement, saying engineers were working on a fix and urging customers to check its status page for updates.

Hi. We want to help resolve the issues you’re facing with the Bitcoin price notification. We’re currently experiencing issues affecting some of the app’s functionalities. Please be assured that our colleagues are working on this as we speak. Please keep an eye on our status page…

— Revolut Support (@revolutsupport) May 8, 2026

A company spokesperson later confirmed the disruption had been resolved, attributing it to a service failure at an unnamed external pricing provider.

The company said it was still evaluating the full details of what went wrong.

UPDATE: It wasn’t just Bitcoin.
Multiple coins on Revolut appeared to flash-crash/glitch at the same time.

Looks like a pricing/chart glitch — but for a few seconds, everyone thought they discovered the biggest crypto discount of all time.#Crypto #Bitcoin #Revolut pic.twitter.com/fIelIbAOor

— Dave Flowman (@_btcd) May 8, 2026

The glitch wasn’t limited to Bitcoin. Users reported seeing simultaneous price drops across XRP, Solana, and even stablecoins like USDT and USDC — assets designed to hold steady at one dollar.

Screenshots shared on X and Reddit showed Bitcoin’s 24-hour chart registering a roughly 50% intraday plunge, with the price briefly anchoring near $39,900 before snapping back.

Some users also received push notifications warning that BTC had hit a 52-week low of 2 cents.

According to Revolut, The price of Bitcoin has just dropped to $0.02

I guess its time to buy! 😂 pic.twitter.com/YIbwBGrkeT

— That Martini Guy ₿ (@MartiniGuyYT) May 8, 2026

No Matching Moves On Any Other Platform Pricing data on major aggregators showed nothing unusual during the same window. Bitcoin’s price on CoinMarketCap and CoinGecko held steady, with no sign of any crash in derivatives markets either. The anomaly appeared entirely contained within Revolut’s app.

Ranveer Arora, a former PwC quantitative trading lead and co-founder of Altura.trade, told reporters two explanations are in play.

The first is a corrupt data tick pushed through Revolut’s pricing system — a single bad data point that briefly anchored the chart before being corrected.

Bitcoin is now trading at $80,625. Chart: TradingView Because Revolut is not an exchange and pulls prices from outside providers, one faulty input can be enough to produce exactly this kind of chart distortion.

The second possibility is a transient liquidity gap. Revolut’s order book is shallower than what you’d find on a full exchange, so a large sell order could theoretically exhaust available bids and print a sharp downward wick before prices recover.

Arora noted, however, that the lack of matching prints on any other platform makes the data feed explanation more likely.

Why Retail Apps Face Unique Data Risks Marc Tillement, director of blockchain price oracle Pyth Data Association, said the episode shows how quickly a single bad data point can distort price perception — particularly in retail-facing systems where users may not think to cross-check what they’re seeing.

Tillement said that as markets grow more data-dependent, the reliability of pricing infrastructure becomes central to how much traders can trust what’s in front of them.

Transparent, verifiable data layers, he argued, are what separate a glitch from a crisis.

Featured image from Pixabay, chart from TradingView

History suggests that BTC's biggest leg down is still upon us.

Bitcoin’s price rebound since the Friday massacre to $59,000 drove the asset north to $64,000 earlier this morning, perhaps driven by some positive developments on the US-Iran war front.

One analyst, though, believes this price recovery is not the full story and warned about another major retracement.

BTC Jumps to $64K The primary cryptocurrency plunged below $60,000 on Friday for the first time since before the US presidential elections in November 2024. This new local low was the culmination of a weeks-long correction that began in mid-May when the asset was rejected at $82,000.

It managed to rebound to just over $60,000 relatively quickly and bounced to $62,000 over the weekend. It experienced some volatility yesterday evening when Iran struck Israel in retaliation for attacks against Lebanon. However, US President Donald Trump condemned all the strikes and said that his country and Iran might be closer to a peace deal that could be announced in the following few days.

BTC jumped to $64,200 in a promising wick, but was quickly stopped and now sits at around $63,000. Most altcoins followed the fluctuations, leading to another uptick in the liquidations from the futures field. The total value of wrecked positions has risen to well past $600 million daily, shows CoinGlass data. This time, though, short liquidations dominate with $467 million.

Liquidation Data on CoinGlass Don’t Trust The Pump Popular analyst Merlijn The Trader predicted BTC’s bounce following the $59,000 low, but cautioned that this is not the full story. He based his analysis on the 2022 bear market, when the cryptocurrency had already retraced hard but then rebounded in a similar manner. However, the actual capitulation was still in play and followed after some investors had already hopped on.

If history repeats now, Merlijn predicted a price surge toward $65,000-$70,000 before the ultimate leg down drives the asset to a proper DCA zone between $48,000 and $59,000.

You may also like: Bitcoin (BTC) Dips Below $62K, Ethereum (ETH) Plunges 6% Daily: Market Watch Bitcoin Holds Key Price Floor Despite Weak Bullish Signals: Bitfinex Alpha 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M The Bitcoin bounce is coming.
Don’t go all-in on it.

Wyckoff Accumulation:
2022: Spring at $15.5K.
Bounce rally to $23K.
Bulls bought the bounce.
Then capitulation.

2026:
Same playbook.
Spring near $50K incoming.
Bounce rally to $65-70K incoming.
DCA zone: $48-59K.… pic.twitter.com/ZJNxHzA1XX

— Merlijn The Trader (@MerlijnTrader) June 7, 2026

Tags:

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Shiba Inu has experienced yet another notable sell-off, pushing toward new local lows and breaking below a multi-month ascending channel. The meme coin finally gave up after weeks of steady decline, prompting many investors to wonder if SHIB has finally reached its lowest point.

Technically speaking, there are indications that the market might be getting close to an exhaustion point. The Relative Strength Index (RSI), which has dropped below the crucial 30 threshold and is presently in oversold territory, is the most prominent indicator. These readings have historically suggested that bearish sentiment may be waning and that selling pressure has grown excessive. Though not always complete trend reversals, relief rallies have frequently preceded previous oversold conditions on SHIB.

SHIB/USDT Chart by TradingViewA significant percentage of weak hands may have already left the market, according to price action. A wave of liquidation-driven selling was sparked by SHIB's recent break beneath the lower boundary of its ascending channel, which accelerated losses. Instead of signaling the start of a decline, such breakdowns often indicate its end.

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However, oversold conditions should not be interpreted by investors as proof that a bottom has already been reached. Volume is a major concern. Although there was a spike in activity due to the breakdown itself, the first attempt at recovery was made with comparatively low participation.

Strong buying volume is usually necessary for sustainable recoveries in order to verify that fresh demand is entering the market. Any recovery without that confirmation runs the risk of turning into a short-term relief rally rather than the beginning of a long-term uptrend.

Also, the general trend is still negative. The 50-day, 100-day, and 200-day moving averages are all sloping downward, and SHIB is still trading below them. Bulls are still at a disadvantage until the asset regains at least the 50-day moving average in the vicinity of $0.0000054-$0.0000055.

Hyperliquid isn't done yetAfter a significant decline from its recent all-time high area around $76, Hyperliquid's native token HYPE is exhibiting signs of renewed strength. Buyers have returned to the market after an aggressive sell-off that momentarily drove the asset below $60. This has led to a significant recovery. As of this writing, HYPE has shown one of the best daily performances among the major cryptocurrency assets, recovering toward the $65 range.

After an incredible rally that saw HYPE rise from below $30 in February to more than $75 in early June, there was a recent correction. The most recent decline seems to be the first significant test of bullish conviction since the trend accelerated, and such swift advances seldom happen without periods of profit-taking.

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Technically speaking, the rebound is taking place in a key area. Buyers are still active on weakness, as evidenced by the asset's quick recovery from a brief dip below its 21-day moving average. More significantly, HYPE keeps trading well above its 50-, 100-, and 200-day moving averages. Shorter-term averages are positioned above longer-term ones, and their alignment is still very bullish.

Additionally, the overall uptrend is still in place. HYPE has adhered to an upward trendline since late February, which keeps pushing the market higher. Although that structure was briefly threatened by the recent correction, buyers were able to protect the trend before a more serious breakdown could occur.

Additionally, momentum indicators lend credence to the recovery story. The Relative Strength Index is currently in the mid-50s after cooling from earlier overheated levels. Compared to the overbought readings observed during the run toward all-time highs, this position is better for the market because it leaves room for another leg higher without experiencing momentum exhaustion right away.

Right now, the $65-$66 range is the crucial level that traders should keep an eye on. A clear breakout above this area might pave the way for a retest of $70 and, ultimately, the most recent peak, which was close to $76.

Bitcoin finds a foundationAfter one of the biggest drops of the current market cycle, Bitcoin seems to be regaining its footing. The biggest cryptocurrency is currently trying to stabilize around the psychologically significant $60,000 level after a sharp decline that sent Bitcoin from above $80,000 to almost $60,000 in a matter of days.

It appears that sellers may finally be losing momentum based on the recent price action. Bitcoin has started to establish a base around $60,000-$63,000 after a series of liquidations and panic-driven sales. The market has at least been able to stop the freefall that dominated trading during the previous week, even though it is too early to declare a clear bottom.

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Momentum indicators provide one of the most compelling arguments for stabilization. The Relative Strength Index (RSI) has reached levels not seen in months, plunging far into oversold territory. In the past, readings below 30 have frequently shown that the market is open to a relief rally and that selling pressure has run out.

The stabilization thesis is further supported by volume behavior. A significant increase in trading volume coincided with the breakdown toward $60,000, indicating widespread market participant capitulation. Near local bottoms, these volume explosions often happen as weaker holders scramble to get out of positions. Before choosing their next major course, markets frequently go through a consolidation phase after this supply is absorbed.

Bitcoin is still in a technically precarious situation despite the new indications of stability. The asset is trading below its 50-, 100-, and 200-day moving averages, all of which are still pointing downward. Furthermore, BTC recently broke below an upward trendline that had sustained price movement since March, indicating a decline in market structure. Any attempt at recovery will therefore encounter significant overhead resistance.

On June 9, a Bitfinex analyst published a report noting that Bitcoin has shifted from the "accumulation phase" — which fueled its recent price rally — into a "distribution phase." Data highlights that after robust buying pressure between April and May, the spot volume delta has swung sharply negative, signaling early market entrants are steadily selling off during the current weak period, rather than holding or adding to their positions. The analyst added that short-term holders’ average cost basis has fallen below the market’s true average of $77,800, meaning a large portion of recent capital inflows are now sitting at unrealized losses — adding fresh selling pressure every time prices rebound. Bitfinex noted in the report: "Both on-chain and fund flow data confirm the current market is leaning toward a distribution-driven phase, rather than a classic panic bottom." The exchange stated that until spot demand makes a meaningful recovery, the broader market will stay in a defensive posture. This evaluation lines up with new metrics from on-chain analytics firm Glassnode. The firm’s data shows daily market realized losses have hit $1.35 billion, roughly $770 million of which stems from long-term holders triggering stop-loss orders. Additionally, Glassnode’s tracked realized profit-to-loss ratio has plummeted sharply from 3.16 on May 7 to 0.29 — nearly matching levels seen during the market’s February panic sell-off this year — signaling a fast-worsening market sentiment.

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Table of contents

This was supposed to be the good-news day. The US-Iran peace deal is signed, oil is down 9%, and the war that crushed crypto in May is officially over. Yet Bitcoin is sliding below $63,000 and the week’s bounce is fading. The reason is simple and a little uncomfortable: one hawkish Fed meeting is outweighing a peace deal. Here is what’s happening with BTC and ETH, and the bigger question now hanging over the market.

Bitcoin is trading near $62,547 on June 19, 2026, down about 0.3% on the day and roughly 2.9% over the week, slipping below the $63,000 level (live prices on CoinGecko). Ethereum sits near $1,693, down about 0.1% on the day but still up around 1.8% on the week, continuing to hold up better than Bitcoin. BTC’s market cap is around $1.25 trillion, ETH’s near $204.5 billion.

The strange part is the backdrop. This should be a risk-on day, and instead crypto is drifting lower. Here is why.

Good news that isn’t moving the market The US-Iran peace deal was formally signed today, June 19, in Switzerland. President Trump authorized reopening the Strait of Hormuz, the naval blockade is lifted, and oil prices have fallen about 9%. Lower oil is disinflationary, which in theory eases the pressure on the Fed and helps risk assets like crypto.

So why is Bitcoin falling? Because the market has already moved on. The peace deal was telegraphed for days and is now priced in, a classic “buy the rumor, sell the news” outcome. More importantly, investors are rotating attention toward stocks and away from crypto, and the one thing dominating sentiment is not Iran. It is the Fed.

The Fed is still the story Wednesday’s FOMC meeting continues to cast a long shadow. The Fed held rates but delivered a hawkish dot plot: nine of 18 officials now project a 2026 rate hike, the year-end median jumped to 3.8%, and new Chair Kevin Warsh scrapped forward guidance entirely. The message was that rate cuts are off the table for 2026, possibly until 2027 or later.

That hawkish reality is now outweighing the Iran relief. Analysts at Marex describe crypto positioning as “defensive and thin” after the Fed, meaning traders are cautious and trading volume is light. In a thin market, prices drift, and right now they are drifting down. The peace deal removed a headwind, but the Fed added a bigger one, and the Fed is winning.

Why Ethereum is still holding up better The one bright spot remains Ethereum’s relative strength. ETH is up about 1.8% on the week while Bitcoin is down 2.9%, continuing a divergence that has held through the week.

ETH’s resilience comes from its own demand drivers: treasury firms like BitMine accumulating aggressively, ETF inflows returning, and the Glamsterdam upgrade on track for the second half of 2026. There is also the rotation question. After months of rising Bitcoin dominance during the crash, some capital appears to be rotating toward Ethereum, which historically leads when altcoins start to recover. Whether that continues is tied to the biggest question now facing the market.

The big question: will there be an altseason at all? Here is what traders are really debating after this week. With oil down, the Iran deal signed, and the macro picture clearing in some ways but tightening in others, the question is whether this cycle delivers an “altseason,” the period when altcoins outperform Bitcoin, at all.

The case against: a hawkish Fed, high rates, and rising Bitcoin dominance all delay altseason. Capital concentrates in Bitcoin during uncertainty, starving altcoins. The case for: Ethereum’s relative strength this week, returning ETF inflows, and structural institutional interest in ETH and other majors are the early ingredients of a rotation. ETH leading on the week is exactly what the start of an altseason looks like. The honest answer is that it is unresolved, and the next few weeks of Fed signals and dominance trends will decide it.

BTC and ETH: Key Levels to Watch Bitcoin: $62,000 is the immediate support, with the critical $60,000 floor below it that has held three times. On the upside, reclaiming $64,350 and then $66,000 would revive the bounce. A break of $60,000 would be a serious bearish signal.

Ethereum: $1,650 is the key support analysts are watching, with $1,600 below it. On the upside, ETH needs to reclaim $1,800 and then $2,000 to confirm its relative strength is turning into real leadership.

Bottom line Bitcoin at $62,547 and Ethereum at $1,693 are drifting lower as the week’s bounce fades, with a signed Iran peace deal failing to override the hawkish Fed. The macro tug-of-war is clear: geopolitical relief on one side, tighter-for-longer monetary policy on the other, and right now the Fed is winning.

Ethereum’s continued relative strength is the one encouraging signal, and it ties directly to the question of whether an altseason is coming. Watch Bitcoin’s $60,000 floor and Ethereum’s $1,800 resistance. Those two levels, plus the next round of Fed signals, will decide whether this fade is a pause or the start of another leg down.

FAQ What is the Bitcoin price today?

Bitcoin is trading near $62,547 on June 19, 2026, down about 0.3% on the day and 2.9% on the week, slipping below $63,000 as the week’s bounce fades despite the signed Iran peace deal.

What is the Ethereum price today?

Ethereum is trading near $1,693 on June 19, 2026, down about 0.1% on the day but up roughly 1.8% on the week, continuing to outperform Bitcoin.

Why is crypto falling despite the Iran peace deal?

The peace deal was priced in ahead of the June 19 signing, a “sell the news” outcome. More importantly, Wednesday’s hawkish Fed meeting, which signaled possible 2026 rate hikes, is outweighing the geopolitical relief and keeping crypto positioning defensive.

Why is Ethereum outperforming Bitcoin?

Ethereum benefits from aggressive treasury accumulation by firms like BitMine, returning ETF inflows, the upcoming Glamsterdam upgrade, and a rotation of capital toward ETH as Bitcoin dominance potentially peaks, an early sign of possible altcoin strength.

Will there be an altseason in 2026?

It is unresolved. A hawkish Fed and rising Bitcoin dominance delay altseason, but Ethereum’s relative strength, returning ETF inflows, and structural institutional interest are early ingredients of a rotation. The next few weeks of Fed signals and dominance trends will decide it.

What are the key levels for BTC and ETH?

Bitcoin support is $62,000 then the critical $60,000 floor, with resistance at $64,350 and $66,000. Ethereum support is $1,650, with resistance at $1,800 and the key $2,000 level.

This is not investment advice. Cryptocurrency is highly volatile. Always do your own research and never invest more than you can afford to lose.

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Groestlcoin (GRS) is a rather strange sounding cryptocurrency that has been receiving quite a bit of interest lately.

It was launched back in March of 2014 as a proof-of-work coin just like Bitcoin, and like Bitcoin it was created as a payment and transactional cryptocurrency. It boasts having almost zero fees, the coin is semi-anonymous, and it is one of a few coins that remains ASIC-resistant.

However, can the coin compete with some of its newer rivals?

In this Groestlcoin review I will give you what you need to know about the project's technology, development and mining. I will also take a look at the long term growth potential of the GRS token and whether it could develop wider use cases and adoption.

Groestlcoin TechnologyGroestlcoin was created strictly as a peer-to-peer (P2P) payment cryptocurrency just like Bitcoin and Litecoin. That said, it has some unique attributes that distinguish it from Bitcoin and Litecoin.

Because of these unique attributes Groestlcoin was able to achieve several important “firsts” in the cryptocurrency ecosystem. It was the first coin to implement Segregated Witness and it was also the first to perform a Lightning Network transaction on the mainnet. That’s partially because the Groestlcoin development team has been active and hardworking since day 1, releasing major development updates every 3 months like clockwork.

Groestlcoin compared. Image via docroid

The developers have also created a wallet called Samourai that allows for anonymous Groestlcoin transactions. The wallet was created with support for Tor and VPN, it doesn’t recycle addresses, and has on-board AES-256 encryption. There’s also a stealth mode to the mobile application that causes it to disappear from your phone’s app list, launcher and home screen.

In addition to the Samourai wallet you’ll find a wallet for nearly any platform you could want. There are desktop wallets for Windows, Linux and OSX. There are mobile wallets for Android, iOS and Blackberry. And there are web based and ChromeOS wallets. For those who like using the same wallet on several platforms there’s the GroeslPay wallet.

Groestlcoin is also very proud of the fact that its transactions are nearly free. You can send 10,000 GRS and the cost will be far less than a penny ($0.00007 to $0.0003 as a matter of fact). The transaction cost varies based on the wallet you’re using, with the cheapest transactions coming from the Core Groestlcoin wallet.

Groestlcoin MiningWhen it comes to the hashing algorithm, the coin uses the Grøstl-512 mining algorithm, which is where it got its name. It is a less complex algorithm than Bitcoin's SHA-256. This means that it can still be mined on GPUs which makes it easier for home miners.

Groestlcoin uses two rounds of pure Grøstl-512 which makes it ASIC resistant. Currently, there are no ASICs that are in production to mine it. Apart from the benefits that this has for GPU miners, it also means that the coin is relatively more decentralised than its larger Bitcoin cousin.

The Groestlcoin developers have also created some simplified mining software which makes it easier for the community to mine GRS with their CPU / GPU. This is the Groestlcoin easyminer that was coded from the ground up and it has a number of useful features. You can follow these instructions if you want to set up the software on your PC.

  

Groestlcoin began with a mining reward of 512 GRS per block, with a halving occurring every week. That halving occurred until the block reward got to 5 GRS per block, which is where it is now and where it will stay until all GRS have been discovered.

There is a maximum supply of 105 million GRS and so far just over 72 million are in circulation. Groestlcoin has 1 MB blocks and block times of just 1 minute. This gives it 80 transactions per second, and the developers have said they will increase the block size if more transactions per second are needed.

Team MembersGroestlcoin was launched on March 22, 2014 by an anonymous developer with the username Gruve_P on the Bitcointalk forum. Since that time the team has grown to include over 20 dedicated individuals from all over the world. The team members remain anonymous, with most sharing only their first name and country of origin.

Some of anonymous Groestlcoin Team Members

While that might raise a red flag for some cryptocurrency projects, that hasn’t been the case for the Groestlcoin team. The fact that they have consistently released development updates every three months has given the team acceptance and trust from the cryptocurrency community.

That dedication is also what allowed Groestlcoin to be the first to implement SegWit and the first to conduct a mainnet transaction on the Lightning Network. More quick and impressive developments can be expected in the future too.

Community involvement is often a potent ingredient in the adoption of a cryptocurrency.

The Groestlcoin is quite an active and involved one. For example, there have been many calls for rebranding as the community doesn’t feel a cryptocurrency with such a strange name can enjoy widespread adoption, but so far it doesn’t look like any name-change is forthcoming.

Taking a closer look at the size of this community, they have over 38,000 Twitter followers, which isn’t bad and over 8,000 Facebook page likes, which is pretty large for a crypto project since Facebook isn’t really the platform for following cryptocurrency.

The platform that is for following cryptocurrency is Reddit, and you can see the enthusiasm for Groestlcoin when you look at the sub-Reddit for the project as it has over 100,000 followers. There are daily posts and loads of comments and at any time there will be several thousand followers online.

The GRS TokenNot surprising given the cryptocurrency markets, the price of GRS has been on a rollercoaster ever since its introduction in 2014. In fact, in a space known for volatility, GRS is far more volatile that most cryptocurrencies.

Everything was fairly calm in the early years, with the price of one GRS hovering between $0.002 and $0.003 until the beginning of 2017. That’s when the coin first broke out and volatility became the norm.

Register at Binance and Buy GRS Tokens

From early 2017 until July 13 the price went from $0.001 to a high of $0.41 before crashing. Over the next three months price declined steadily to reach $0.08 by October 22. And then it took off higher once again, reaching $0.85 in just 9 days! That spike came as cryptocurrency investors became increasingly interested in ASIC-resistant coins.

Price pulled back modestly in November, but then got caught up in the fever surrounding cryptocurrencies at the end of 2017, which took it to an all-time high of $2.69 on December 21, 2017.

During the 2018 bear market in cryptocurrencies GRS remained in fairly good standing, and even rallied in April and May. However, by February 2019 the price briefly touched levels below $0.20.

More recently price is seeing another jump, going from $0.25 on March 10, 2019 to $0.74 on March 11, 2019 after the Groestlcoin team announced the release of a GRS Mastercard debit card that can be used for purchases, or withdrawals at ATMs. Price has rapidly come off those highs, and as of March 17, 2019 it is at $0.416770.

GroestlPay mobile wallet features and benefits. Image Source

As mentioned earlier the Samourai wallet is a great place to store Groestlcoin, as is the GroestlPay wallet. One of the great things about Groestlcoin is you’ll find a wallet for nearly any platform you could want.

If you feel ready to buy some GRS you can find it on Upbit, Binance, and Bittrex and the liquidity on these exchanges is quite substantial. It’s also available on a number of other exchanges, but trading volumes are quite small on these.

Of course, if you have a reasonably powerful computer on you then you can always fire up the easyminer and start hashing for some GRS. Even with added competition the developers claim that mining GRS with a CPU / GPU is still profitable.

DevelopmentThere is one great rule of thumb that you can use in order to determine how much development work is being done on a project. This is to take a look into the project's GitHub repositories and see how much code has been pushed.

Moreover, given that Groestlcoin is an open-source project, their GitHub is fully public which makes it easy for the community to view the code. I decided to jump into their repositories and take a look at the number of commits they have pushed into their core, electrum and lightning repos.

Commits over past 12 months for chosen repositories

As you can see above, there has been extensive activity in these repositories. These are also only a small selection of the countless other repositories of the project. These are more commits than we have seen for a number of the newer coins that completed ICOs in the past 2 years.

As a point of comparison, Groestlcoin ranks 47 in commits to their core repo when compared to other projects. This places them above the likes of other privacy coins such as Monero (XMR) and Zcash (ZEC).

So, all together a very active project with a great deal of development taking place. This is perhaps understandable when placed in the context of their pretty extensive roadmap.

RoadmapThe Groestlcoin team keeps a pretty extensive roadmap with a detailed list of features and integrations that are due to be implemented. For example, below are just some of the upcoming features that they hope to releasing this year.

Upcoming features for 2019

Whether the developers will be able to meet these timelines I cannot be certain of. However, if you are to take a look into the updates that they have pushed over the past 5 years, they have broadly been in line with the Roadmap timeline.

There are also a number of other features that they have put on their 2019 Roadmap although these have not been given a specific timeline. The team also has a list of features and functions that they have placed in their development wish list.

Some of the most interesting of these include the likes of confidential transactions, Schorr signatures and atomic swaps. Confidential transactions will increase the privacy of the coin whereas Schnorr signatures will make these transactions more efficient. The off-chain atomic swaps will allow you to exchange GRS for other coins such as Bitcoin etc.

So, it seems as if there is a great deal that we can look forward to over coming year. Groestlcoin has also supplied a handy development progress page that you can use to monitor the stages of completion for the various updates that I have mentioned above.

ConclusionWhile it may not be in the top 100 cryptocurrencies, Groestlcoin has a solid history of development, and the team is working towards improving on Bitcoin and making a better peer-to-peer payment system.

The improvements so far include the nearly fee-less transactions of Groestlcoin, the continuing ASIC-resistance, and the continuing regular development to keep the cryptocurrency at the forefront of advancing blockchain technology.

One thing possibly holding the project back is its name, which isn’t user-friendly. If the team decided to re-brand and begin a marketing campaign it could be just what the project needs to catapult it into the top 100 cryptocurrencies.

This is especially true since they launched their Mastercard debit card, as this type of integration with the traditional financial systems is something needed for mainstream adoption. It’s just another sign of Groestlcoin being a first-mover.

Time will tell if they are able to capitalize on the advantage.

MXC, the native token of the Layer 3 blockchain platform Moonchain, surged as much as 247% recently, thanks to the reactivation of its mining program and a wave of ecosystem updates.

According to Coingecko data, Moonchain (MXC) reached an intraday high of $0.00525 on the morning of May 29, Asian time, pushing its market cap past $11.6 million. When writing, the token was up 675% from its lowest point this year, marking one of its strongest moves in 2025 so far.

MXC crypto also recorded a sharp uptick in trading activity, with daily volume spiking over 500% compared to the previous day, reaching nearly $22.5 million, signalling a flood of new interest and momentum.

What’s behind the rally? There are three main catalysts driving MXC’s breakout:

First, the Moonchain team officially reactivated MXC mining on its network using MatchX’s M2 Pro and NEO miners, following a temporary outage on May 21. This reactivation also came after a community poll conducted by MatchX on X on May 19, where 97.9% of participants voted in favor of resuming MXC mining.

For context, MatchX is a German tech company that builds low-energy mining hardware specifically for the Moonchain ecosystem. Their devices help power Moonchain’s data infrastructure and allow users to earn MXC by participating in its Proof of Participation (PoP) system.

Second, Moonchain teased the upcoming launch of its Initial Hardware Offering (IHO). This campaign will send out free physical mining devices, possibly wearables like smartwatches or rings, to Moonchain token holders using an Ethereum smart contract.

According to the project’s Q2 2025 roadmap, the IHO will also include “health-based” mining devices and limited-edition high-hash-rate models to reward users who lock up their tokens early. Distribution hubs are also being set up in key regions to ensure faster deliveries.

Third, Moonchain recently completed an integration with OKX Wallet, a leading multi-chain wallet in the Web3 space. The integration allows users to easily access Moonchain’s dApps, staking features, and token tools across mobile, browser, and Telegram.

With OKX Wallet’s support for over 1,000 protocols, the move better positions both existing and new users to engage with the ecosystem.

What Is Moonchain? For those unfamiliar, Moonchain is a Layer 3 blockchain platform that combines AI, IoT, and DePIN (Decentralized Physical Infrastructure Networks). Its native token, MXC, powers transactions within the network, supports an inter-chain NFT marketplace, and rewards participants via its energy-efficient Proof of Participation model.

The project also features MXProtocol and is building on Ethereum’s Layer 2 tech, including its own zkEVM, to improve compatibility with existing Ethereum-based apps. This positions Moonchain as a solid pick for developers working on real-world use cases, especially in smart devices and data-sharing networks.

MXC price outlook On the technical side, MXC has broken out of a multi-month descending channel, which often signals the start of a potential new uptrend. It also held above the key 61.8% Fibonacci retracement level at $0.0048 before cooling off to around $0.0041 at press time.

MXC price, MACD and RSI chart — May 29 | Source: crypto.news Momentum indicators support the bullish case. The MACD lines are crossing upward, and the Relative Strength Index is in the overbought zone, often a sign of sustained buying pressure and strong buyer conviction in an emerging uptrend. 

However, overbought conditions can also bring short-term selling pressure if traders begin to lock in profits.

If MXC continues upward, the next likely target is around $0.0061, a key level it failed to reach in its earlier push. But if it drops below the $0.0030 support, it could slide further down toward the $0.00060 range, which is currently acting as a psychological support zone.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Bitcoin had a successful halving event last Friday, April 19, at the block height of 840,000 further reducing the mining rewards by 50%. Bitcoin price has regained more than 10% from the lows of $60,000, seen just ahead of the halving event. As of press time, Bitcoin price is trading with a market cap of $1.3 trillion. However, along with BTC, several Bitcoin Layer 2 coins have surged by a staggering 5-20% in the last three days since halving.

STX, the native cryptocurrency belonging to Bitcoin Layer 2 network Stacks, has surged by a staggering 20% to $2.87 in the last three days since the fourth Bitcoin halving. This also makes STX one of the best-performing cryptos in the top 25 list over the last 24 hours.

Since the halving event, Elastos’ ELA token has surged by 11%, while SatoshiVM’s SAVM has seen a 5% increase in value. Bitcoin Layer 2 solutions are typically projects addressing transaction speed and scalability limitations on the Bitcoin blockchain network. Built atop the Bitcoin blockchain network, this Layer 2 solutions enhance scalability by processing transactions off-chain.

Bitcoin Transactions Fee Fluctuates According to Glassnode’s data, the average transaction fee surged to almost 0.0020 BTC following the halving, marking its highest level since early 2018. This increase in fees can be attributed to the introduction of a new protocol called Runes, enabling users to “etch” and create tokens on the Bitcoin blockchain. The launch of Runes led to a surge in speculation, token minting, and meme coin trading, driving up transaction volumes and consequently raising transaction costs.

By April 20, a day after halving, the Bitcoin transaction fees skyrocketed to $128 leading to millions of dollars in profits for miners. However, the transaction fees have once again cooled down in the range of $8–$10 for medium-priority transactions. During the period from April 15 to 20, Bitcoin’s transaction fees have consistently exceeded those of Ethereum for six consecutive days. The seven-day average fee for Bitcoin now stands at $17.8 million.

Along with the native tokens of the Bitcoin Layer 2 solution, the Bitcoin Ordinals NFTs have also been in the limelight over the weekend. With the 60% drop in the floor price of Bitcoin Runestone, the floor price of Ordinals like Bitcoin Puppets and NodeMonkes has surged by 20% and 7% respectively.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Bhushan Akolkar on X

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