Crypto Markets Surge, ETH Price Rallies, Bitcoin’s Tight Range Indicates Big Move Ahead – Market Updates Bitcoin News
Crypto Markets Surge, ETH Price Rallies, Bitcoin’s Tight Range Indicates Big Move Ahead
Digital currency markets have been on the move northbound on Wednesday as bitcoin and numerous crypto assets have seen decent gains. The entire crypto-economy has once again crossed the $1 trillion mark as a myriad of digital currencies jumped anywhere between 5-20% in value during the last 24 hours.
Crypto Assets See Some Upside Price Action
Crypto supporters are pleased on Wednesday as digital currency markets are climbing again and a great number of assets have seen significant gains. The leading cryptocurrency, in terms of market valuation, bitcoin (BTC) is up 5.5% today and is currently trading just below $37k per unit.
On Wednesday morning’s trading sessions, BTC jumped to $37,161 across a number of global exchanges but slid a hair since then. With the entire crypto-economy valued at $1.07 trillion, BTC captures $682 billion (62%) of that aggregate total. Overall, BTC is up 20% for the week, 14% during the last 30 days, 134% for the 90-day span, and 297% for the year.
Behind BTC, is ethereum (ETH), which has seen significant gains during the last 48 hours. ETH is exchanging hands for $1,604 per unit and is up over 9% today. ETH stats are better than bitcoin’s climbing 25% for the week, 49% for the month, 273% during the last 90 days, and 724% for the year.
The biggest gainer in today’s top ten positions is polkadot (DOT) which is up 19% at the time of publication. DOT is swapping for over $19 per unit on Wednesday. Bitcoin cash (BCH) has gained over 4.5% and holds the ninth position. At the time of writing, BCH is swapping for $440 per coin and has gained 16.28% during the last seven days.
Today’s top five gainers include stormx (STMX 169%), bao token (BAO 107%), armor (ARMOR 80%), paid (PAID 66%), and telcoin (TEL 55%). The biggest losers today include omnitude (ECOM -62%), gme (GME -53%), saketoken (SAKE -45%), vite (VITE -40%), and polyswarm (NCT -38%).
Analyst: ‘We Continue to See Companies Add Bitcoin to Their Balance Sheets’
During the start of the week, Etoro analyst Simon Peters said he believes it’s time for bitcoin to see some upside. “Bitcoin has consistently remained above $30,000 since breaking above on 2nd January 2021 and with this support level now established, in my opinion, it is now time to see some upside,” Peters wrote in a note sent to investors.
Additionally, the Etoro analyst discussed Marathon’s recent purchase of $150 million worth of bitcoin and said that this trend will continue. “We continue to see companies add bitcoin to their balance sheets, but the trickle has not yet developed into a snowball on a mass institutional scale. The fears of a falling dollar are very real, so what might drive more firms and CEOs to move some cash into bitcoin?” Peters added. Moreover, Microstrategy just announced it added more bitcoin to the company’s balance sheet.
Researchers Claim Ethereum Could Outperform Bitcoin This Year
Meanwhile, as eyes are focused on bitcoin (BTC), many analysts suspect ethereum (ETH) will outperform BTC. Dmitriy and Perdix from the organization Coinsheet give a number of reasons in Coinsheet’s report #263 to “why ETH will outperform BTC this year.”
The Coinsheet researchers mention Ethereum’s fees and cash flow, high turnover, decentralized exchange (dex) volumes, ETH’s hashrate, address activity, number of coins leaving exchanges, the amount of decentralized finance (defi) applications, and defi’s assets under management (AUM) aggregate. Coinsheet also mentions that CME Group is launching ETH-based futures on February 8, 2021.
The Verdict: Low Volatility and Tight Ranges Indicate Big Price Moves Ahead
Further analysts have been discussing the fact that bitcoin (BTC) volatility is dropping and many believe this will lead the way to more bullish prices. Many traders have leveraged BTC’s volatility levels to gauge the recent spikes in late 2020 and into 2021.
Whatever the case may be, traders expect a big price move in the near future which could go either way. BTC and cryptocurrencies, in general, have a reputation for being extremely volatile but in more recent days the leading crypto asset has traded in a tight range for the last 30 days.
What do you think about the recent price movements within the crypto economy? Let us know what you think about this subject in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Tradingview, High charts,
Spot-markets for Bitcoin, Bitcoin Cash, Ripple, Litecoin and more. Start your trading here.
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Dogecoin Becomes Most Mentioned Crypto on Twitter Ever as Price Soars
TipRanks
Tracking insiders’ stock purchases can make a viable investment strategy. Corporate insiders – the company officers and board members – are naturally positioned to be in the know, to know how company policies and performance will impact stock prices. They can use that knowledge to inform their own stock purchases – but not unfairly. By law, they must disclose publicly their own stock holdings, and the general public can learn from those purchases and sales. Insider moves can informative or uninformative. The latter are simple shifts in portfolio holdings, usually not of great magnitude, done to tweak an ownership percentage or adhere to a tax regulation. The informative moves, however, are different. These are the big-number buys and sells – and when an insider, or several insiders, start making informative share moves, market watchers should take note. These are signs that something big may be in store. TipRanks follows the insiders’ trades, making use of the publicly published stock moves to track them. The Insiders’ Hot Stocks page provides the scoop on which stocks the market’s insiders are buying so that you can make informed purchases. We’ve picked two stocks with recent informative buys to show how the data works for you. Brown & Brown (BRO) Brown & Brown is an insurance company – one that does over $2.3 billion in annual business. The company is based in Florida, boasts a market cap of $12.4 billion, has 300 office locations, and is the fifth largest insurance broker in the US. Brown & Brown deals in risk management, offering insurance products for customers of all sizes: government agencies, professional organization, businesses, corporations, and families and individuals. Brown & Brown has seen its revenues and earnings rise year-over-year during the corona crisis – which makes sense, as a stable and reliable insurance company should expect to see an increase in business during unsettled times. The 4Q20 results showed revenue of $642.1 million, up 10.9% yoy. Earnings came in at 34 cents per share, an increase of 25% yoy. On the insider front, Board of Directors member James Hay put down $433,750 for a purchase of 10,000 shares on January 29. This brings the insider sentiment here into positive territory. Truist analyst Mark Hughes, rated 5-stars by TipRanks, sees Brown & Brown as a solid choice for investors interesting in the insurance sector. “The company is generating solid organic revenue growth, margins should be steady-to-up this year, and M&A activity has been healthy, all of which should drive solid top- and bottom-line expansion in coming periods. We believe BRO shares remain a good way for investors to get exposure to the recovering economy and firming P&C pricing,” Hughes opined. In line with his optimistic approach, Hughes rates BRO a Buy, and his $55 price target indicates confidence in ~25% growth for the next 12 months. (To watch Hughes’ track record, click here) Is the rest of the Street in agreement? As it turns out, the analyst consensus is more of a mixed bag. Split almost right down in the middle, 4 Buy ratings and 5 Holds were assigned in the last three months, giving BRO Moderate Buy status. With a $51.44 average price target, the potential twelve-month gain comes in at 17%. (See BRO stock analysis on TipRanks) Crown Castle (CCI) The second insider pick we’re looking at, Crown Castle, is a real estate investment trust with a twist. The company owns and manages communications infrastructure, specifically, the tower and transmitter locations so important to cellular networks. Crown Castle’s property portfolio includes more than 40,000 towers, 70,000 small cell locations, and 80,000 miles worth of connecting fiber optic cables. The rollout of the new 5G wireless network has been a boon to Crown Castle’s model in the past year. Crown Castle’s revenues remained steady through 2020, ranging between $1.4 to $1.49 billion, with the third and fourth quarter results both at $1.49 billion. For Q4, that was an 11% yoy gain. For 2020 as a whole, CCI reported $5.3 billion, up 3.8% yoy. Crown Castle’s position was sound enough that the company raised its dividend payment by more than 10% in December. The new payment, $1.33 per common share, gives an annual payment of $5.32 and a yield of 3.2%. Turning to the insider trades, we find that Kevin Stephens, one of the company’s Directors, paid $328,300 for a bloc of 2,000 shares. Stephens now owns $671,000 worth of CCI; this recent purchase nearly doubled his total holding. 5-star analyst Colby Synesael, from Cowen, takes a highly bullish stance on Crown Castle. He notes that CCI has “a new agreement with Verizon in which the carrier has agreed to lease 15K small cells from Crown that will install over the next four years…" The analyst added, “[We] estimate the avg. ARPU is $500/mo. (w/ a 1.5% escalator), suggesting an initial annualized value of ~$90MM. The deal represents the company’s largest single small cell deal in its history… the deal raises Crown’s small cell backlog to ~30K from previously ~20K.” Synesael’s confidence is clear from his Outperform (i.e. Buy) rating on the stock. His $197 price target suggests a one-year upside of 21%. (To watch Synesael’s track record, click here) Overall, Wall Street’s analysts like what they see here. CCI’s Strong Buy consensus rating is based on 8 recent reviews, breaking down to 7 Buys and a single Hold. CCI’s average price target is $177.25, implying a 9% upside from the current share price of $177.25. (See CCI stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
2021 Voyager Crypto Review • Pros, Cons & More • Benzinga
Voyager Crypto Quick Summary
Tradable assets Wide range of cryptocurrencies, including Bitcoin, Ethereum, stablecoins like USD Coin and altcoins like Chainlink and Polkadot Platform Mobile-only platform available for iOS and Android devices Mobile app Comprehensive mobile app that allows simple trades and intuitive investing
Unique mobile features include advanced charting options, integrated profit and loss calculators and a proprietary newsfeed Account minimum $10 minimum deposit required to open your account
$5,000 daily instant deposit limit for investors who want to use uncleared funds to trade immediately Commissions and fees $0 commissions on all cryptocurrency order placements Available account types Individual taxable cryptocurrency accounts
Voyager Fees and Account Minimums
Voyager Crypto is a commission-free cryptocurrency trading platform. This means that no matter if you’re buying or selling cryptocurrency, you’ll pay only the quoted price when you execute your order.
How is this possible? Voyager uses a unique Smart Order Routing that takes advantage of discrepancies between listed prices on cryptocurrency exchanges.
When Voyager finds you a more advantageous price, it extends the savings onto you and keeps a small percentage of the differentiation. In other words, Voyager’s exchange only makes money when you do.
In addition to commission-free trading, you can also earn interest on your cryptocurrency investments as well, simply by leaving them in your Voyager wallet. Interest rates range from 1% to 8.5% APR depending on the asset. You must meet a minimum number of coins or tokens in your wallet to qualify for Voyager’s interest program.
Voyager Crypto Ease of Use
Voyager Crypto is a mobile-based investing app that focuses on providing investors with a wide range of unique cryptocurrency investments. If you’re a new cryptocurrency investor, you’ll likely find plenty of unique features that make Voyager easy to begin with.
A few of the features that make Voyager especially easy-to-use include:
Smart Order Routing. Have you ever wondered if you’re getting the best possible exchange rate when buying and selling cryptocurrencies? Voyager makes it easier to trade with confidence via its Smart Order Routing system.
Voyager connects with 12 of the largest and most reputable exchanges before executing your order to ensure that you’re getting the most favorable exchange rate. This also provides investors with smaller spreads between bid and ask prices as well as higher levels of liquidity which makes it much easier to enter and exit the positions you’re interested in.
Simple signups and an intuitive platform. If you’ve ever worked through a cryptocurrency broker before, you probably already know that many brokers must verify your information before you can gain access to the market and begin trading. Voyager has streamlined the account creation and verification process down to its most simple steps to help you begin trading as soon as possible.
Start by downloading Voyager’s free mobile app and submit a bit of required personal information through the app to open your account. From here, Voyager will show you how to link a funding method and enter the market. Most users will be able to fully open their account in as little as a few minutes.
Voyager offers some of the quickest account creations in the cryptocurrency sphere. The broker supports transfers of up to $5,000 USD, and you can begin trading with instant deposits immediately after they clear. Unlike some competitors, there’s no holding period on your deposits when you trade through Voyager.
Voyager’s simplicity also extends to the platform itself. Though the app does include a range of professional analysis tools that you can use to enhance your trading, it still maintains a clean, straightforward interface that beginners will be able to master. This can be a welcome surprise for users who have found themselves overwhelmed with more expert-oriented platforms in the past.
Simple order submissions. Even if you’ve never placed an order to buy or sell cryptocurrency before, you’ll have no trouble using Voyager’s ordering system. Simply select the token or coin that you want to invest in, select your order type, enter the amount of the asset that you want to purchase in dollars and swipe up to trade. Voyager will then fill the order on your behalf using its Smart Order Routing. As soon as your order is complete, you’ll see your investment in your wallet.
Voyager’s cryptocurrency ordering system is comprehensive and simple — swipe on the asset you’re interested in, enter your investment amount, place your order and watch your money grow over time from a single platform.
Overall, we gave Voyager Crypto high markets for its simple and welcoming (yet powerful) mobile platform. The platform seamlessly blends innovative technology with a straightforward ordering system and advantageous pricing that beginners will find to be a breath of fresh air. More advanced investors will appreciate the platform’s more advanced charting features and lightning-fast executions.
Voyager Crypto Education
Voyager Crypto also offers a number of unique tools that you can use to learn more about the cryptocurrency market before you invest.
Some of our favorite educational features include:
Node by Voyager. Node by Voyager is Voyager Crypto’s company blog. The blog features a number of straightforward articles written with beginners in mind. Learn a little more about what makes each token and crypto project unique and how you can add it to your portfolio in just a few minutes.
Node by Voyager is Voyager Crypto’s company blog. The blog features a number of straightforward articles written with beginners in mind. Learn a little more about what makes each token and crypto project unique and how you can add it to your portfolio in just a few minutes. Up-to-the-minute newsfeed. Voyager’s app includes a constantly refreshing crypto newsfeed that provides you with up-to-date information on the market as a whole and the specific tokens and coins that you have in your portfolio. Click on a ticker to view specific news articles that pertain to that project or view a general newsfeed before you start your trading day.
Browse the day’s top crypto news stories or sort market news by cryptocurrency using your in-app feed.
Integrated profit and loss calculator. Interested in taking a more long-term approach to cryptocurrency investing? Voyager’s app includes an integrated profit and loss calculator that helps you more effectively track your balances over time. This can be a crucial tool if you have a wide range of crypto assets and you want to see which of your investments are performing exceptionally well or poorly before continuing to invest.
Voyager Crypto Education
Voyager Crypto currently offers a limited selection of customer service options:
By email. To get in contact with Voyager Crypto’s customer service team by email, send a message to support@investvoyager.com. For the quickest possible response, it’s best to give as much detail as possible and submit the request using the email associated with your account.
To get in contact with Voyager Crypto’s customer service team by email, send a message to support@investvoyager.com. For the quickest possible response, it’s best to give as much detail as possible and submit the request using the email associated with your account. Through in-app messaging. If you’d prefer to access assistance through your Voyager Crypto app, open the application and navigate to your account page. Click on the tab labeled “Help” to submit your request.
In addition to personal support, Voyager Crypto also offers a comprehensive FAQ section that tackles some of the most common issues and inquiries the broker receives. Currently, no phone customer service option exists, and you can’t get answers to your questions if you don’t already have a Voyager Crypto account.
Voyager Crypto Offerings
Voyager Crypto is a cryptocurrency broker that focuses on providing highly liquid access to a wide range of coins and tokens.
You can currently invest in the following projects through Voyager:
Cardano (ADA)
Algorand (ALGO)
Cosmos (ATOM)
Avalanche (AVAX)
Band Protocol (BAND)
Basic Attention Token (BAT)
Bitcoin Cash (BCH)
Bitcoin Satoshi’s Vision (BSV)
Bitcoin (BTC)
BitTorrent (BTT)
Celo (CELO)
Compound (COMP)
Dai (DAI)
Dash (DASH)
DigiByte (DGB)
Dogecoin (DOGE)
Polkadot (DOT)
Enjin (ENJ)
Eos.io (EOS)
Ethereum Classic (ETC)
Ethereum (ETH)
Filecoin (FIL)
Golem (GNT)
Hedera Hashgraph (HBAR)
ICON (ICX)
IOTA (IOT)
Kyber Network (KNC)
Chainlink (LINK)
Litecoin (LTC)
Decentraland (MANA)
Maker (MKR)
Neo (NEO)
Ocean Protocol (OCEAN)
OMG Network (OMG)
Ontology (ONT)
Orchid (OXT)
Qtum (QTUM)
Serum (SRM)
StormX (STMX)
TRON (TRX)
TrueUSD (TUSD)
UMA (UMA)
Uniswap (UNI)
USD Coin (USDC)
Tether (USDT)
VeChain (VET)
Voyager Token (VGX)
Stellar Lumens (XLM)
Monero (XMR)
Ripple (XRP)
Tezos (XTZ)
Verge (XVG)
Yearn.finance (YFI)
Zcash (ZEC)
0x (ZRX)
Voyager Crypto is also looking to continue expanding its coin offerings through 2021, so this list may change frequently. You can choose to fund your account in USD, BAT, BTC, BCH, DASH, ETH, ETC, LTC, USDT, USDC, TUSD or VGX. Like its list of supported coins and tokens, Voyager is continuing to explore new funding options throughout the coming years.
Voyager Mobile App
Voyager’s mobile app is its standout feature, with full trading and investing capabilities and easy-to-master features.
Some of the features that we love about Voyager’s mobile app include:
Intuitive order placements. Customized orders for mobile are simple and straightforward. Simply enter your order information, swipe up and wait for your order to be completed. Unlike some competing brokers, Voyager has taken steps to ensure that order placement is quick and requires only a few taps on mobile.
Customized orders for mobile are simple and straightforward. Simply enter your order information, swipe up and wait for your order to be completed. Unlike some competing brokers, Voyager has taken steps to ensure that order placement is quick and requires only a few taps on mobile. Custom chart views. Voyager’s app works using both horizontal and vertical chart views. To get a better idea of bid and ask spreads, hold your phone in the upright position. To use advanced charting and analysis tools, rotate your phone to its horizontal position.
Voyager’s app works using both horizontal and vertical chart views. To get a better idea of bid and ask spreads, hold your phone in the upright position. To use advanced charting and analysis tools, rotate your phone to its horizontal position. 2-factor authentication. 2-factor authentication ensures that only you have access to your cryptocurrency account. When you log into the Voyager Crypto app, you’ll be prompted to enter a code sent to you by text or email. This helps keep your personal information and investments out of the hands of unauthorized parties.
The Voyager Crypto app is compatible with both Apple and Android devices and is available as a free download from both the Apple and Google Play store.
Voyager Overall Rating
No matter if you’re new to cryptocurrency investing or an experienced trader, we recommend Voyager Crypto for mobile crypto investments. With a wide range of access to both major cryptocurrency projects and smaller altcoin projects, chances are that you’ll find something new when you work with Voyager. Voyager is also unique in its comprehensive range of interest options for altcoin investors.
In the future, we hope to see Voyager Crypto continue to expand its offerings and customer service options. However, for now, Voyager Crypto remains a straightforward and intuitive cryptocurrency investing platform.