January 2021 | Last Cryptocurrency News Feed

85% Dogecoin rally shows Wall Street Bets aren’t done with DOGE yet

Dogecoin rallied by more than 85%, suggesting Wall Street Bet’s crypto wing may have decided that they weren’t done with DOGE yet. After gaining the spotlight due to a 980% pump on Jan. 28, Dogecoin (DOGE) briefly entered the top 10 ranking by market capitalization for the first time since 2015. Once the massive pump…

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Ray Dalio Applauds Bitcoin: It’s an Amazing Accomplishment

Faced with growing currency devaluation, institutions are adopting bitcoin as a store of value. Bridgewater Associates’ founder, Ray Dalio, has set aside his skepticism for bitcoin to explore this possibility. Dalio Applauds Bitcoin In a recent newsletter, he expressed his admiration for Bitcoin, stating that its longevity is “an amazing accomplishment.” “To have invented a…

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Bitcoin subreddit hits 2M subscribers following GameStop controversy

More than 200,000 Redditors joined the page last week. 929 Total views 3 Total shares One of the most well-known online Bitcoin communities passed two million subscribers in a surge of activity on Friday, purportedly due to the media attention over the r/Wallstreetbets subreddit.According to the Metrics For Reddit analytics website, the subreddit r/Bitcoin has…

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Crypto Long & Short: GameStop, Dogecoin and a New Market Paradigm

We’re not just witnessing the changing nature of market forces. We’re also seeing a shift in the definition of market “fundamentals.”(Daniel Acker/Bloomberg via Getty Images)Jan 31, 2021 at 10:01 p.m. UTCCrypto Long & Short: GameStop, Dogecoin and a New Market ParadigmIt’s hard to do justice to the symbolism and significance of the Reddit-Robinhood-GameStop drama of…

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Hedge fund behind shorting GameStop reports 53% loss in January

A Melvin Capital client claims that the firm has "massively de-risked" its investment portfolio following the controversy involving short-selling GameStop stocks. 2429 Total views 9 Total shares Melvin Capital started 2021 with $12.5 billion in assets before retail investors from Reddit caused the firm to lose billions on its GameStop short positions.According to a Wall…

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Institutional Investors Bought Bitcoin From Long-Term Holders In Late 2020: Report

The narrative that institutional investors drove BTC’s price into the stratosphere in late 2020 received another confirmation from a research paper compiled by the popular exchange OKEx. The company’s document pinpointed Paul Tudor Jones’ endorsement of bitcoin in mid-2020 as the turning point for institutional adoption. PTJ Changed The Bitcoin Game It was early May,…

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Top 5 cryptocurrencies to watch this week: BTC, ETH, UNI, ATOM, COMP

Over the past seven days, the crypto market saw an uptick in volatility as Bitcoin (BTC) and Dogecoin (DOGE) price rallied higher simply because of social media activity. In situations like these, traders who make their investment decisions based on emotions tend to incur heavy losses and this is exactly what happened last week. Dogecoin’s…

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‘When alt season?’ eToro may have some answers

In 2020, holding the top 100 altcoins equally was a more lucrative investment than Bitcoin up until Dec. 18, according to eToro. 3200 Total views 12 Total shares Investors who knew when to swap Bitcoin (BTC) and altcoins could have boosted their gains significantly in 2020, according to new research from eToro, the popular social…

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LINK Price Analysis: Chainlink Expects Huge Move Upon Breaking Symmetrical Triangle

LINK/USD: Short Term Symmetrical Triangle Key Support Levels: $22.4, $22, $20.77. Key Resistance Levels: $24, $24.70, $25.65. LINK started the past week following a strong bullish momentum as it surged to a new ATH price of $25.65 on Monday. However, it failed to close a daily candle above resistance at $24.85 and started to head…

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Bitcoin Price Analysis: BTC Fails To Break and Loses $2000 Immediately

The Bitcoin whipsaw continues as it failed to break the marked bearish triangle’s upper angle and immediately dropped by $2000 to hit the $32,500 support, provided by a .382 Fibonacci Retracement level. The outlook for Bitcoin looked promising on Friday following the tweet by Elon Musk. BTC price managed to break out to the bullish…