Bitcoin looks to be preparing for a significant price movement and large BTC holders are accumulating heavily. Will it finally cross the infamous $10,000 price mark?

The flagship cryptocurrency kicked off the week on the right foot. Its price surged by nearly 1.8% since Monday’s open to hit a local high of roughly $9,470.

As Ethereum prepares to transition to a proof-of-stake (PoS) consensus algorithm, large ETH holders are on a buying spree that may result in a price increase.

The second-largest cryptocurrency by market cap continues consolidating without any clear signs of where ETH is headed next.

In the last 24 hours, Curve Finance saw more volume than any other decentralized exchange (DEX) thanks to the latest yield farming trend. As DeFi traders look to squeeze returns from across the ecosystem, Curve Finance has cemented itself as a vital service.

Compound has overtaken MakerDAO to become the single largest protocol in DeFi. Over the last week, Compound has grown from $93 million of value locked to $533 million on the back of a new incentive scheme.

For the first time since the DeFi narrative came to life, MakerDAO is no longer the most valuable protocol. At the time of writing, Compound stands tall at $533 million of value locked versus Maker’s $482 million.

As a result of the latest lockdowns, gamers around the world are streaming digital chess matches on platforms like Twitch. Now, Algorand is stepping in to keep players honest.

FIDE Online Arena will record the official chess ratings and titles data on Algorand’s decentralized blockchain network in real-time, bringing reliability and transparency to the rating system of digital chess. 

The satoshi, the smallest amount of Bitcoin, is more than just a unit of measurement.

What began as a cypherpunk niche has now become a global phenomenon that’s set to disrupt the financial industry.

However, despite their growing influence, cryptocurrencies, in general, are still far from mainstream.

Bitcoin managed to become more of a household name thanks to its presence in the media and mooning price. However, the general public still lacks an understanding of what makes Bitcoin valuable.

Ethereum miners are voting to increase the network’s gas limit from 10 million to 12.5 million per block. The move could lower transaction fees on the network, but it also has undue consequences.

The decision to increase the gas limit is a positive implication for DeFi, which has recently suffered from bloated gas prices.

EY, one of the big four accounting firms, has announced the launch of its in-house cryptocurrency tax service, EY CryptoPrep. The service is a fully automated, web-based product that will assist traders in filing U.S. taxes. 

Traders in the U.S. will now be able to utilize the newest crypto tax service from one of the big four accounting firms when filing their taxes with the IRS. 

The Securities and Exchange Commission has announced emergency action against a fraudulent cryptocurrency investment fund operated by Sean Hvizdzak and Shane Hvizdzak.

Between July 2019 and May 2020, the Hvizdzak brothers offered a cryptocurrency fund to investors through at least three of their Pennsylvania-based businesses: Hvizdzak Capital Management, High Street Capital, and High Street Capital Partners.

Despite Bitcoin’s current price stagnation, on-chain indicators favor the bulls, with most holders remaining unphased by market volatility.

The technical outlook for the flagship cryptocurrency remains stagnant. There are conflicting signs of where it will head next, with prices leveling off over the past few weeks.