Alex Dovbnya

1 week ago | u.today | Alex Dovbnya

Jurrien Timmer, director of global macro at Fidelity, has stated that Bitcoin is acting like Dr Jekyll and Mr Hyde, the central characters of the famous gothic horror novella written by Scottish novelist Robert Louis Stevenson. The highly creative metaphor was used by Timmer to convey his point about the dual nature of Bitcoin. The cryptocurrency can simultaneously act as a store of value (Dr. Jekyll) and a risk-on asset (Mr. Hyde).

1 week ago | u.today | Alex Dovbnya

During a recent conversation on "The Journeyman" podcast with financial expert Raoul Pal, Digital Currency Group founder Barry Silbert stated that 99.99% of cryptocurrency tokens are worthless. "Over the last…13 years since I first bought Bitcoin…I've always been intellectually curious about everything else that's coming out of our space. I think, for the most part, 99.9% of crypto tokens that are out there have no reason to exist and are worthless," he said.

1 week ago | u.today | Tomiwabold Olajide |Alex Dovbnya

Activities in the broader digital asset space show that Stellar (XLM) is gaining the attention of large investors. In the last 24 hours, trading activities have spiked as a total of 49,555,947 XLM have been moved on-chain. Whales signal confidence as XLM shows stabilityAccording to Whale Alert, an on-chain platform monitoring large transactions, the movement suggests renewed interest in the market. This might have been triggered by the positive performance of XLM in the past seven days.

1 week ago | u.today | Gamza Khanzadaev |Alex Dovbnya

Once again, XRP is exhibiting signs of waning momentum as it teeters perilously close to the $2.00 price mark. The asset is still struggling beneath important moving averages and trendline resistances, indicating that bears are still in control despite efforts to hold their ground and mount a breakout from its declining trend. The graph, which is contained within a descending channel, clearly shows XRP's ongoing downward trend.

1 week ago | u.today | Alex Dovbnya |Godfrey Benjamin

There has been a surprising on-chain movement that has got crypto observers paying attention. A total of 600 BTC - worth about $50,603,597 - was transferred to Binance in one go, and the community wondered where it came from and what it is all about. Whale Alert picked up on the transaction, which came from an unknown wallet, and the community started talking about it.