Kraken Daily Market Report for February 07 2021

Overview Total spot trading volume at $1.80 billion, up slightly from the 30-day average of $1.72 billion. Total futures notional at $552.3 million. The top five traded coins were, respectively, Bitcoin, Ethereum, Dogecoin, Cardano, and Tether. Strong returns from Dogecoin (+24%), Atom (+8.8%), and Basic Attention Token (+8.5%). February 07, 2021  $1.80B traded across all markets today Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD  XBT $38380. ↓1.5% $535.2M ETH $1582.3 ↓5.6% $428.6M XDG $0.0721 ↑24% $311.2M ADA $0.6192 ↓2.1% $170.5M […]

Asset Manager Stone Ridge’s NYDIG Sees Wall of Money Coming Into Bitcoin — Institutions Grow Beyond Owning BTC

The founder of Stone Ridge Asset Management and the New York Digital Investment Group (NYDIG) sees a “wall of money” coming into bitcoin based on his firm’s order book. The executive believes that institutions are just getting started and we will see an explosion of bitcoin-focused traditional financial products within a year. NYDIG Bullish on […]

Green hackers around the world, let’s destroy Bitcoin

Bitcoin is the worst waste of resources and energy in human history. It is solely used for financial speculation, with no genuine utility. This is a call to ethical hackers: through targeted and repeated computer attacks, we could undermine the confidence of speculators and burst this irrational and destructive financial bubble. The price of Bitcoin […]

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