Demand

JPMorgan Discusses $600B in Potential New Bitcoin Demand

JPMorgan Discusses $600B in Potential New Bitcoin Demand

MassMutual’s $100M BTC investment has the potential to open a massive new investment category, according to analysts. Last week, when MassMutual announced its $100 million buy, NLW explored whether it would be the beginning of a trend for other insurance companies. A recent note from JPMorgan analysts suggests that even a 1% allocation by that …

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Synthetix soars but the demand side is conspicuously absent

Synthetix soars but the demand side is conspicuously absent

Quick Take Synthetic asset issuance protocol, Synthetix, continues to draw attention, with Total Value Locked surpassing $630m and SNX commanding a $900m market cap. Synthetix Exchange (SE) volume, however, continues to lag: as of July 27 SE had just  2.28% market share among non-custodial exchange protocols. Without some form of funding rate, Synthetix may find …

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Stablecoins' rising demand to attract increased regulation

Stablecoins’ rising demand to attract increased regulation

Cryptocurrency markets have seen steady growth; increased regulatory clarity has enabled greater adoption. With growing uncertainty in the global markets, many have turned to crypto as a safe-haven asset for long-term investment. Along with these developments, it is also interesting to note 2020 has been a significant year for stablecoins in general. As adoption in …

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Bitcoin Price Tests $9.4K as Demand for Put Options Drops

Bitcoin Price Tests $9.4K as Demand for Put Options Drops

Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency.  At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CoinDesk’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting over 8% gains. Bitcoin’s …

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Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin

Stablecoin Supply Breaks $10B as Traders Demand Dollars Over Bitcoin

The value of assets for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in just two months, according to Coin Metrics. Stablecoin supply growth comes as more cryptocurrency traders choose to trade alternative cryptocurrencies (or altcoins) using dollar-backed digital tokens instead of bitcoin. Most of the stablecoin growth comes from tether, which …

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