It’s been yet another exciting week in the world of cryptocurrency and blockchain! With a number of significant events taking place, we’ve compiled a list of the five must-watch events in the cryptocurrency world this week. From new listings to regulatory updates, these 5 events will have a big impact on the future of the crypto industry. Read on to stay up to date with the latest developments in the world of Bitcoin and cryptocurrency!
1. Everything You Need to Know About the Wild Ride of Bitcoin and Crypto this Week
The wild ride of Bitcoin and crypto this week had both highs and lows. Here’s a closer look at the major news, events and developments that shaped the market.
- Bitcoin Continues to Fluctuate – Bitcoin has been trading above the $13,000 mark for the past week, with prices varying between $13,100 and $13,500. Its total market cap has also grown throughout the week, as the world’s largest cryptocurrency continues to ascend at an impressive rate.
- Major Crypto Exchange Sues SGX – A major Singaporean cryptocurrency exchange has sued the Singapore Exchange for allegedly denying it in listing under its Digital Exchange License. This exchange is one of the major players in the region’s crypto market and the repercussions of this lawsuit could have a long-term impact on the local industry.
- Regulatory Developments – This week saw several significant developments in terms of regulatory clarity in the crypto sector. The SEC clarified its stance on blockchain and crypto firms, while France and India announced new regulations for the industry.
- Token Listings – This week saw several new tokens and projects reaching the markets. Twitter’s CEO Jack Dorsey announced that his streamlined payments project, Square, will offer trading services in Bitcoin. Meanwhile, Chainlink and NEM were listed on crypto exchanges.
The week also brought some more positive developments. Crypto markets saw increased adoption from institutional investors, while several firms and initiatives announced partnerships with leading cryptocurrencies. This included the announcement of a major partnership between IBM and Stellar to create a global payments network. All in all, this was yet another interesting week for Bitcoin and crypto.
2. Unmissable Events That Shaped the Cryptocurrency Landscape
Cryptocurrencies have had a turbulent yet fascinating journey, and some key events have played a major role.
The historic Bitcoin Pizza Day was one such event. On May 22, 2010, Laszlo Hanyecz famously made the first real-world transaction using 10,000 bitcoins to buy two pizzas from Papa John’s. While this first purchase with the crypto descends into lore, the milestone marked a significant maturation of this revolutionary form of value transfer.
The Dow Jones Industrial Average crossing 20,000 in 2017 was also a major event in the cryptocurrency world. This milestone was seen as a sign that the crypto revolution had arrived. The surge provided evidence to many investors that cryptocurrencies can deliver returns that rival traditional markets.
The crypto sector has seen impressive growth in the years since, with countless smaller events contributing to its rising popularity. Rapidly developing infrastructure tools, such as decentralized exchanges, provide the foundation for an industry that shows no signs of slowing down.
3. Keeping Track of Bitcoin’s Latest Price Volatility
Bitcoin’s market performance is undoubtedly one of the most-watched commodities in the financial world. For those who trade the cryptocurrency, staying on top of the latest developments is key to making informed decisions. Here are a few tips to keep track of Bitcoin’s price volatility.
- Subscribe to news feed. Keep up with industry experts and crypto events throughout the world. Paid subscriptions can offer more comprehensive services.
- Monitor Bitcoin markets in real-time. Numerous websites and apps offer real-time charts that display the current price of Bitcoin.
- Tracking platforms. Platforms such as TradeBlock allow traders to keep track of historic trends in the Bitcoin market.
These are just a few of the many ways to track Bitcoin’s daily performance. For serious traders, it’s worth investing in a comprehensive solution such as Coinbase Pro. This platform aggregates data from multiple exchanges, helping users keep track of Bitcoin’s movements and making smart moves.
4. What Crypto Insiders Have to Say About the Turbulence
Crypto insiders and veterans have had plenty to say about today’s market turbulence. Amidst the chaos, most agree on a few things:
- The market is more volatile than ever
- The bull cycle is not over just yet
- The crypto winter could still be a long way off
In a time of such uncertainty, crypto insiders suggest that the best way to approach the markets is with caution; now is not the time to make rash investments. Careful research and diligence should be employed when it comes to determining the potential risks and rewards of crypto investments. It is also important to remember that volatility is and always will be a part of any market, and that no one can predict the future with certainty.
That being said, many crypto insiders still remain optimistic that the current downturn is just a temporary setback and that brighter days for the market may soon be upon us. Experienced traders and analysts are urging others to look past the short-term market swings and focus on the long-term potential of cryptocurrencies. This, they argue, is the only way to ensure that your investments remain secure and profitable.
5. What Could be the Next Major Move in the Bitcoin & Crypto Market?
- Mass adoption of cryptocurrencies: The next big move in the digital asset market could be the widespread adoption of cryptocurrency payments. If users can use cryptocurrencies to buy goods and services, crypto would become much more valuable and circulating in the economy.
- Volatility control: Stability is an important factor for any asset’s success. Exchanges and users are working on the development of options for controlling the markets. This would include regulations that reduce the volatility of the markets.
- Security improvements: The digital asset space could benefit from better security practices. Steps in this direction could build customer confidence and allow them to use their digital assets more safely.
- Alternative options: Most of the cryptocurrencies have little or no use in the real world. Developing options for more practical use cases could boost the popularity of digital assets.
Increased liquidity: Liquidity is an important factor of any asset’s success. Developing and increasing both on-chain and off-chain Bitcoin and cryptocurrency liquidity options could significantly improve the growth of the industry.
Institutional foray: Although institutional investors were initially skeptical about Bitcoin and other digital assets, a few of the major firms have shown increased interest. The cryptocurrency space could benefit from institutional investment and backing, as these investors bring more legitimacy to the industry. If the number of institutional investors continues to grow, it could result in further acceptance and adoption of digital assets.
It’s been an exciting week in Bitcoin and crypto. With five must-watch events, it was clear that the world of cryptocurrency had plenty of news, developments, and surprises in store. Now that we’ve examined the biggest stories of the week, the only question remains – what will happen next week? Your eyes must be peeled and your crypto wallets ready – it’s sure to be another wild ride!