Market Activity

Total Market Cap $1.50T (+13.16%)

24 Hour Volume $133.78B (-0.31%)

Notable Movers Fantom (FTM) (+48.25%)

Bitcoin Dominance 61.10% (-0.17%)

Bitcoin Price $48,816.98 (+12.20%)

U.Today says sentiment in the crypto market is turning fearful after Bitcoin dipped to $43,000 over the weekend — with the cryptocurrency now entering its most bearish month. NewsBTC says BTC bulls are going ballistic over Twitter's $1.25 billion convertible note offering, amid speculation it's considering adding crypto to its balance sheets.

The Weekend News 🚨

Learn all about crypto at Alexandria, your new online crypto source!

Bitcoin at a 'Tipping Point' 🥺

Analysts at Citi say BTC is at a tipping point. The bank believes the crypto will either become the preferred currency for international trade… or implode spectacularly. A new report says Bitcoin is undergoing a massive transformation, but acknowledges "there are a host of risks and obstacles" that the digital asset is facing in the future. Here's what they have to say.

Tether Held to Ransom 💔

The stablecoin issuer Tether has revealed that it is being threatened by an extortionist. On Twitter, the company said that it is being told to pay 500 BTC… or else documents will be leaked to the public. Striking an adamant tone, Tether said it's refusing to pay up — adding those seeking to harm the company are getting "increasingly desperate." Here's the latest.

Big Adoption News in Japan 🇯🇵

Japanese e-commerce giant Rakuten had announced that it's going to allow its users to top up their Pay accounts with crypto. This is a big deal considering the app is supported by big brands including McDonald's and 7-Eleven. Rakuten has an estimated 95 million users, and it's been described as Japan's answer to Amazon. Find out more about the new feature.

MicroStrategy Buys More BTC 💰

MicroStrategy has purchased even more Bitcoin. Days after splurging $1 billion on crypto, the business intelligence firm has bought 328 more BTC for $15 million. The company now owns 90,859 BTC — worth a staggering $4.45 billion at current market rates. It's believed it's sitting on close to $2 billion in profit after being an early institutional adopter. Read more.

Poll of the Day 📣

Cardano and Binance Coin have now overtaken Tether — and are ranked as the No. 3 and No. 4 cryptocurrencies by market cap respectively. So, our question is this….

On a scale of 1-5 (5 being definitely,) is Ether going to lose its position as the world's No. 2 cryptocurrency?

What You Said 🔊

Back on Friday, we asked you this: On a scale of 1-5 (5 being definitely,) is Bitcoin at risk of falling back to $20,000?

Thanks for all your responses — a staggering 43% of you believe that BTC is going to continue shooting upwards after taking a breather. Meanwhile, 14.2% think a bearish tumble is coming. Let's find out what you had to say...

One pessimist writes: "It's overvalued and not ready for mass adoption." 👀

This reader isn't worried: "I'm still bullish on BTC since many 'new players' will step in crypto during this dip." 🤑

Some of you are taking comfort in technical analysis: "Strong support area. Bull run far from over." 📈

Others are looking a few years down the line: "Just going sideways at the moment, but still very large long-term gains to come." 🚀

Here's a bold prediction: "It'll never go below $39,000 ever again." 💰

An unimpressed contributor writes: "Bitcoin is so overvalued. Technology is dated." 😕

And the last word goes to this reader: "Major dumps in BTC price have happened before but it still keeps increasing in price. It will go up again soon. It's history is proof of it." 😌

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Crypto Deep Dive 🏊

It's showtime for a trending crypto project.

Today, our attention turns to Fantom. Its ticker is FTM and it has a market capitalization of $1,589,330,442 at the time of writing — meaning it's 50th in our rankings.

The gist of it 📖

Fantom is a smart contract platform for digital assets and DApps
The project says it is scalable and Ethereum compatible, with almost instant transfers

Why people love it 😍