CryptoLandβ„’ Signal | Analysis | News
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Real-time crypto signals, analysis & news.
Data-driven insights for smarter trading.

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πŸ“‰ Current Cryptocurrency Market

πŸ”Ί 24-hours Average Market Changes and The Dominance of Cryptocurrencies

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πŸ’  Total crypto users worldwide top 100 million | 16% growth in January

πŸ–‡ Bitcoin's runaway in January boosted the global crypto user base by close to 16%, according to an analysis from Crypto.com.

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πŸ’  Coinbase files statement for direct listing of its stock | Entering Nasdaq global market

πŸ–‡ Coinbase Global, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the β€œSEC”) relating to a proposed public direct listing of its Class A common stock.

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πŸ’  6M noobs have bought coins on Robinhood Crypto already in 2021


πŸ–‡ Retail users have flocked to cryptocurrencies in 2021, with Robinhood reporting an increase in new monthly crypto traders of 15 times last year's average.

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πŸ”° Cardano is now a top-three cryptocurrency

πŸ“ƒ Cardano's Ada received a fresh wave of optimism and buying volume on Feb. 26 that pushed its price to a new all-time high of $1.35, making it the third-ranked cryptocurrency by market capitalization.

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πŸ”°Coinbase premium turned to positive

πŸ“ƒ Coinbase is the exchange that institutions use and the only one with a prime brokerage type service. It also doesn't offer derivatives. Therefore the Coinbase premium indicates the market is being led by institutions.

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πŸ’  JPMorgan note to clients endorses 1% allocation to Bitcoin as a hedge

πŸ–‡ Strategists at Wall Street banking giant JPMorgan have suggested that a one percent portfolio allocation to Bitcoin would serve as a hedge against fluctuations in traditional asset classes such as stocks, bonds, and commodities.

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πŸ’  More Aussies invest in crypto than in gold and silver | Stock market in the first spot

πŸ–‡ A poll conducted on behalf of BTC Markets over the month of February, found that 12.6% of Aussie investors hold Bitcoin or other cryptocurrencies compared to 12.1% who hold precious metals.

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πŸ’  Coinbase’s symbolic gesture | The Exchange sent it’s SEC filing to Satoshi

πŸ–‡ However, the exchange also claimed the identification of the Bitcoin creator could cause the crypto market to deteriorate.

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πŸ’  1inch announces expansion to Binance Smart Chain | They plan to run BSC node

πŸ–‡ As part of a wider exodus, the highest-profile Ethereum-native decentralized finance project yet has announced an expansion to Binance Smart Chain.

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πŸ”°House passes Biden's $1.9 trillion relief package

πŸ“ƒ The Democratic-controlled House voted 219-to-212 to pass the "American Rescue Plan." The package will now go to the Senate.

◻️ "This legislation is transformative, lifting 12 million Americans out of poverty and generating $1.25 for every dollar spent," House Speaker Nancy Pelosi said.

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πŸ’  ADA, MATIC and STX prices soar | Cross-chain bridges and DeFi integration

πŸ–‡ Cross-chain interoperability and lucrative DeFi yield opportunities appear to be supporting the price recovery in Cardano, Matic and Stacks.

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πŸ’  Swiss's Bordier & Cie bank offers crypto trading | Partnering with Sygnum

πŸ–‡ Bordier & Cie, a Swiss financial institution operating for more than 170 years, has announced a partnership with digital asset bank Sygnum to allow its customers to purchase crypto assets.

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πŸ’  Blockchain startup Sorare raises $50M | High-profile investors participate

πŸ–‡ Sorare, a major blockchain-based soccer gaming platform, has raised $50 million from high-profile investors backing major companies like Twitter, Instagram and Discord.

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πŸ’  Coinbase has held Bitcoin on its balance sheets since 2012 | BTC is one of this company’s main reserves

πŸ–‡ The American exchange is offering services and advice to other private and publicly traded firms that want to hold digital assets in their treasuries.

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πŸ’  Thai SEC consults public on crypto investor income rules | Setting solid limits on crypto trading

πŸ–‡ The Securities and Exchange Commission of Thailand has launched a public consultation on proposed cryptocurrency investor qualification rules.

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πŸ’  FATF updates guidance on crypto service providers | Public comments are considered this time

πŸ–‡ The Financial Action Task Force is looking to adapt its guidance standards for stablecoins and crypto peer-to-peer transactions. Though this time, public comments are also considered.

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πŸ’° Market Capitalization (Market Cap)

πŸ“Œ Glossary of Financial Markets Terms (Part 10)

πŸ”ΆMarket capitalization refers to the total dollar market value of a company's outstanding shares of stock. Commonly referred to as "market cap," it is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share. As an example, a company with 10 million shares selling for $100 each would have a market cap of $1 billion.

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πŸ“‰ Current Cryptocurrency Market

πŸ”Ί 24-hours Average Market Changes and The Dominance of Cryptocurrencies

πŸ’Ž @CryptoLand_en
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πŸ”° BTC miners are now only accumulating and not selling

πŸ“ƒ Market data reveals that miners are not willing to sell their mining rewards (BTCs) amidst a market wide exchange shortage of Bitcoin.

◻️ The shortage comes as institutions continues to purchase cryptocurrencies in droves.

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