Parabolic jumps in digital tokens such as Ether, Dogecoin and Binance Coin are outshining Bitcoin, prompting more questions about whether that segment of the cryptocurrency sector is ripe for a reckoning.

The rallies have contributed to a slump in Bitcoin’s share of the $2.6 trillion crypto market to 43% from about 70% at the start of 2021, a metric that for strategists at JPMorgan Chase & Co. and DataTrek Research LLC may be a warning sign of investor excess in a range of digital tokens.

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Category: News | Views: 201 | Added by: danyagames2007 | Date: 10.05.2021 | Comments (0)

The two big names in the $2.2 trillion cryptocurrency market remain Bitcoin and Ether, the coin that fuels the Ethereum network. Bitcoin, the pioneer, has been on a tear, its value up about 500 per cent in the past year. Yet it’s Ether that has been showing its older brother a thing or two, with a price jump of around 1,500 per cent over the same period. While the top two digital coins share some attributes, they are different in many ways. Here’s the breakdown.

What’s Bitcoin?

Bitcoin was the first digital currency to successfully create a way to transfer value between two people anywhere in the world. Its pseudonymous and still-unknown creator, or creators, Satoshi Nakamoto made a crucial breakthrough by ... Read more »

Category: News | Views: 180 | Added by: danyagames2007 | Date: 10.05.2021 | Comments (0)

(Kitco News) - Valuations in risk assets continue to climb, which only strengthens the argument for rotating capital into defensive assets, such as gold, ahead of a potential market correction, said economist Nouriel Roubini, CEO of Roubini Macro Associate and professor at the NYU Stern School of Business.

Roubini cited several potential triggers for such a market correction.

"One thing that could happen is rising inflation is persistent. Second one is a taper tantrum if inflation is higher, and the Fed decides to really start tightening monetary policy. Another one that could happen is that growth could surprise on the downside, maybe not in the United States, but we're already seeing a double dip recession in the ... Read more »

Category: News | Views: 146 | Added by: danyagames2007 | Date: 10.05.2021 | Comments (0)