Crypto Espresso: Your quick shot of the latest crypto moves and news
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Your quick shot of the latest crypto moves and news, the Crypto Espresso is brought to you by Capital.com Australia (AFSL 513393), a multi-award winning global investment trading platform.
In the words of the unkempt Van Halen:
I get up and nothin’ gets me down
You got it tough, I’ve seen the toughest around
And I know, baby, just how you feel
You got to roll with the punches and get to what’s real
…Ah, might as well jump (jump)
Might as well jump
Go ahead and jump (jump)
Go ahead and jump.
It’s not the simplest way to say it, but that’s what Bitcoin did overnight, up about 4%.
Capital.com: By late Wednesday, the crypto king shot up above US$41,000, but only after failing to sustain a short-lived rally from around 02:00 GMT, when it retreated back to the US$38,000 – US$39,000 range.
Capital.com: Demand for insurance covering Bitcoin and other digital coins is set to increase dramatically in coming years, according to the head of Breach Insurance, a US company selling policies and cryptocurrency proponents.
Capital.com: BNB, the token of the Binance exchange, has entered a period of relative calm after two substantial disruptions in February. On 16 March, it was up less than 1% to US$371 – a level it has stayed close to all week.
Capital.com: KAVA, the native token of the decentralised financial services platform Kava Network, which burst into 2022 rising to more than US$5.50, has since spent the rest of the year to date struggling to push its head above US$3.50. On 16 March it was up 3% taking it to US$3.10. Can the coin pick up momentum?
Hometown Station: If you think that the wild rides of cryptocurrency mining are shaping the world, then you are right.
The Bite: The latest report published by Verified Market Research Reports shows that the cryptocurrency market is expected to grow strongly in the coming years.
This article was developed in collaboration with Capital.com Australia (AFSL 513393), a Stockhead advertiser at the time of publishing.