StormGain is a crypto trading platform for everyone.
2 May 2023 1 minute read 1 comment Stormgain
Sceptical market participants view the $30,000 level as serious resistance for Bitcoin. For the same reason, some users with wallets under 1,000 BTC rushed to lock in the gains they made in Q1. The increased volatility in recent days led to the liqu...
28 Apr 2023 2 minute read 1 comment Stormgain
Bitcoin jumped 7% to $30,000 yesterday due to shocks from the drowning First Republic Bank's report. Despite a $30 billion infusion by a consortium of banks in Q1, a move backed by the Fed and the Treasury Department, the institution's customers deci...
27 Apr 2023 1 minute read 3 comments Stormgain
The limit of validators' outflow and the month-long delay of Lido unstaking have positively affected the net inflow statistics. Concerns about the Shanghai hardfork didn't prove to be true, despite losing the price momentum. The main concerns were t...
26 Apr 2023 2 minute read 0 comments Stormgain
In 2022, the dollar's share in global reserves contracted ten times faster than it had over the previous 20 years. Analysts at Eurizon believe the reason for this was the application of mass sanctions. They opined that, "Without the need for us to ta...
24 Apr 2023 1 minute read 0 comments Stormgain
Bitcoin's growth in 2023 encouraged miners to increase their output significantly. During this period, the average computational capacity jumped by 41% to reach 344 EH/s. The capacity raising by miners cancelled out the positive effects of price gro...
21 Apr 2023 1 minute read 2 comments Stormgain
In 2023, following intensified pressure on altcoins from the SEC, Bitcoin's market share rose from 38% to 45%. The regulator only recognises Bitcoin as a "commodity", while it classfied other digital coins as "securities". Since institutions are req...
20 Apr 2023 1 minute read 0 comments Stormgain
Yesterday, we reviewed the increase in network activity and the boost in investment activity from institutional investors as reasons for Bitcoin's upward trend. But there's more. Correlation to gold In times of financial crisis, gold acts as a safe-...
19 Apr 2023 1 minute read 0 comments Stormgain
Network metrics are pacing the macroeconomic factors, predicting Bitcoin's continuous rise. And institutional investors, first concerned about tightening crypto regulations, are building up their presence in the market for the fourth week in a row. T...
18 Apr 2023 1 minute read 0 comments Stormgain
On 12 April, the Shanghai hardfork allowed validators to withdraw staked funds. Despite a delay to unstake funds by the largest staker (Lido), the total amount ready for withdrawal already exceeds 850,000 ETH, which is worth about $1.8 billion. For...
17 Apr 2023 2 minute read 0 comments Stormgain
Ripple (XRP) has been enjoying a long-running price rally, jumping a full 55% since 21 March and trading at around $0.57, its highest price since October 2022. This surge in value has been matched by daily trading volume and user activity on the XRP...
