There is a rising influx of capital into the cryptocurrency market, as highlighted by the consistent upsurge of the stablecoin Tether (USDT). This is according to a report released by KuCoin Research, which showcased that the correlation between the issuance of USDT and the price of Bitcoin had reached an unprecedented high.
This trend shows the strength of USDT in the stablecoin
sector and its role in maintaining the stability of the digital asset sector. KuCoin Research’s monthly market
insights depict an industry characterized by increasing
institutional interest, a resurging price of Bitcoin, and the soaring prominence of
stablecoins.
Besides that, there has been heightened
participation by institutions and hedge funds in the cryptocurrency space since
mid-October 2023. This activity has strengthened the status of Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term, propelling
Bitcoin futures and options open interest.
Additionally, KuCoin’s report has underscored the
resilience of the crypto landscape. In November, there was an upswing in the amount of investments channeled into the sector. During this period, there was a recovery in the size of the investment deals. Seed
rounds dominated, especially in the funding range of $1 million to $10 million.
Leading institutions like a16z and Coinbase Ventures
favored infrastructure and social entertainment projects. This bullish trend commenced in mid-October and persisted through November. Institutional investors took sizable long positions
on Bitcoin, propelling its price beyond $38,000.
Traditionally associated with individuals and
enthusiasts, Bitcoin now attracts investment firms, hedge funds, and publicly
traded entities. According to a recent report by Finance Magnates, this shift marks a significant change in the crypto ecosystem. The institutional acceptance bolsters legitimacy,
validating the cryptocurrency market within traditional finance.
Altcoin Surge and Regulatory Moves
This bullish sentiment trickled down to altcoins,
where sectors like BRC-20 tokens, AI-related projects, and proof-of-work coins soared while established coins faced a subdued phase.
USDT marked an all-time high in issuance despite
regulatory hurdles faced by TUSD and BUSD. Ethereum
Ethereum
Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language,
Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language,
Read this Term‘s Layer 2 solutions
observed a surge in total value locked (TVL), particularly in StarkNet and
other platforms. Meanwhile, Avalanche and Solana experienced significant gains,
contrasting the decline in Tron’s TVL following a notable security incident.
Regulatory clarity remained a focal point, with
Binance settling issues with US authorities through a significant fine. This was perceived
as a positive step toward compliance. South Korea’s establishment of a
specialized agency for overseeing virtual assets underscored Asia’s focus on
consumer protection in crypto regulation.
There is a rising influx of capital into the cryptocurrency market, as highlighted by the consistent upsurge of the stablecoin Tether (USDT). This is according to a report released by KuCoin Research, which showcased that the correlation between the issuance of USDT and the price of Bitcoin had reached an unprecedented high.
This trend shows the strength of USDT in the stablecoin
sector and its role in maintaining the stability of the digital asset sector. KuCoin Research’s monthly market
insights depict an industry characterized by increasing
institutional interest, a resurging price of Bitcoin, and the soaring prominence of
stablecoins.
Besides that, there has been heightened
participation by institutions and hedge funds in the cryptocurrency space since
mid-October 2023. This activity has strengthened the status of Bitcoin
Bitcoin
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that
Read this Term, propelling
Bitcoin futures and options open interest.
Additionally, KuCoin’s report has underscored the
resilience of the crypto landscape. In November, there was an upswing in the amount of investments channeled into the sector. During this period, there was a recovery in the size of the investment deals. Seed
rounds dominated, especially in the funding range of $1 million to $10 million.
Leading institutions like a16z and Coinbase Ventures
favored infrastructure and social entertainment projects. This bullish trend commenced in mid-October and persisted through November. Institutional investors took sizable long positions
on Bitcoin, propelling its price beyond $38,000.
Traditionally associated with individuals and
enthusiasts, Bitcoin now attracts investment firms, hedge funds, and publicly
traded entities. According to a recent report by Finance Magnates, this shift marks a significant change in the crypto ecosystem. The institutional acceptance bolsters legitimacy,
validating the cryptocurrency market within traditional finance.
Altcoin Surge and Regulatory Moves
This bullish sentiment trickled down to altcoins,
where sectors like BRC-20 tokens, AI-related projects, and proof-of-work coins soared while established coins faced a subdued phase.
USDT marked an all-time high in issuance despite
regulatory hurdles faced by TUSD and BUSD. Ethereum
Ethereum
Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language,
Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language,
Read this Term‘s Layer 2 solutions
observed a surge in total value locked (TVL), particularly in StarkNet and
other platforms. Meanwhile, Avalanche and Solana experienced significant gains,
contrasting the decline in Tron’s TVL following a notable security incident.
Regulatory clarity remained a focal point, with
Binance settling issues with US authorities through a significant fine. This was perceived
as a positive step toward compliance. South Korea’s establishment of a
specialized agency for overseeing virtual assets underscored Asia’s focus on
consumer protection in crypto regulation.