Bitcoin’s latest price spike, which saw the token cross the $48k mark, was welcomed by the cryptocurrency market. Investors have been more optimistic about BTC’s future price action in the previous 48 hours. After a while of sideways trade, BTC spiked to hit $49,673 just shy of major resistance at $50000. At the time of...Read More
According to a recent survey, millennial investors have allocated 12% of their wealth in the digital asset market while xennials and generation X have respectively distributed 9.2% and 6.3%. However, those born between the late 1970s and the early 1980s have profited the most from those investments. Crypto Trends among The Generations The cryptocurrency exchange...Read More
The European soccer team Philips Sport Vereningin – better known as PSV Eindhoven – has signed a partnership with a local cryptocurrency exchange. Part of the terms dictates that the club will receive the entire sponsorship in bitcoin. PSV Gets BTC The European club announced the partnership with Anycoin Direct earlier this week, highlighting that...Read More
The Mayor of Cool Valley, a city in Missouri, is planning to distribute bitcoin worth up to $1,000 to the inhabitants. However, there is a condition attached to such a plan. Five-Year HODL Condition According to a report by local news outlet KSDK on Thursday (August 19, 2021), Jayson Stewart has revealed intentions to give...Read More
This week was entirely positive in the cryptocurrency market as almost everything is trading well in the green. It wasn’t without its hurdles, so let’s jump straight to it. Bitcoin managed to push towards $48K last Friday, but the week was filled with choppy price action and a somewhat expected downturn. By Thursday, BTC’s price...Read More
BlackRock, a $9 trillion multinational investment behemoth, has purchased considerable stakes in two BTC mining firms – Marathon Digital Holdings (MARA) and Riot Blockchain (RIOT). The institution, which has previously shown an appetite for the crypto industry, has put approximately $383M in both. Citing a mandatory filing with the Securities and Exchange Commission, Forbes reported...Read More
A few months after dabbling with the idea of getting on the cryptocurrency bandwagon, Wells Fargo has filed documents with the US Securities and Exchange Commission to launch a designated Bitcoin fund. According to the filing with the Commission, the US financial institution has partnered with FS Investments and New York Digital Investment Group (NYDIG)...Read More
On-chain analytics provider, Glassnode, has reported that Bitcoin exchange flows have returned to the dominance of outflows through August as investors withdraw the digital asset. It added that the market has transitioned through a number of phases of exchange flow dominance over the last year. The previous outflow dominance was last seen in late 2020,...Read More
According to ‘PlanB’, the brainchild behind the highly debated Bitcoin stock-to-flow model, the bull market is not over yet. In a tweet on August 18, the analyst posed an update of the model showing that target white line and on-chain pricing signals indicate that we are still in the middle of this cycle. The target...Read More
Bitcoin’s value is continuing to rise, with its market share reaching a new high of 44.65% this morning. If the $48,000 sell wall breaks, a short squeeze could propel BTC/USD much past $50,000. On Tuesday, BTC/USD was spotted attempting to exit the $46,000 level after falling earlier in the week. Despite the crypto business losing...Read More
Crypto Analyst Justin Bennett Maps The Next Major Levels For Three altcoins! With the market worth just hitting $2 trillion, the cryptocurrency bull market appears to be returning. The rise coincided with a rally in bitcoin and other digital tokens. As crypto market improved for the fourth week, Bitcoin is currently trading around $47.5K and...Read More
According to a recent study, almost every third Canadian has allocated some funds in digital assets. Nonetheless, most locals have concerns about their crypto investment since only 5% of them find it a safe strategy. Cryptocurrencies and ‘Meme Stocks’ in Canada The financial technology start-up – Hardbacon – conducted a survey among Canadian adults to...Read More
The American authorities have accused the Baltimore resident – Ryan Farace – of laundering2,933 BTC between October 2019 and April 2021. Interestingly, the man was sent to jail in 2018 and has presumably executed the criminal activities from behind bars. ‘Xanaxman’ Dealing with Bitcoin Even from Prison According to The Baltimore Sun, officials of the...Read More
El Salvador’s decision to adopt BTC as a legal tender has rattled the cages in Central and South America. Argentina’s president was the latest to showcase support to some extent in a recent interview. Speaking to the local media outlet Caja Negra, Alberto Fernandez touched on the topic of digitalization and where the country stands...Read More
The battle to determine which will be the position of regulators towards the crypto industry is heating up in the United States. While some big-name politicians claim that the state has a duty to protect its citizens from the risks of an under-regulated industry, others equally influential claim that excessive regulation is driving investors away....Read More
In 2017, before the cryptocurrency frenzy began, Didi Taihuttu made the decision of a lifetime: he sold all his assets and bought Bitcoin… at $900. Perhaps he was super happy a few months later when he achieved a 20X ROI, but now, with each coin trading above $46,000, Taihuttu has to think very hard about...Read More
A $400 billion investment management firm, Neuberger Berman, recently announced adding exposure to Bitcoin and Ether derivatives and investment vehicles as part of the firm’s fund strategy. Another Hedge Fund to Join Crypto The SEC filing outlines that the asset manager will receive exposure to cryptocurrency via a subsidiary firm —with a minimum investment of...Read More
The Massachusetts Mutual Life Insurance Company has doubled down on its BTC endeavors through a partnership with New York Digital Investment Group. Both parties aim to enable institutional clients of the insurance behemoth to receive BTC exposure. According to the announcement dated August 11th, the insurance broker, founded a decade and a half ago, has...Read More
Bitcoin price rallied remarkably and successfully added yet another $2000 with a nearly 6.1% jump. Moreover, the price also achieved the important resistance levels around the 200-day MA at $44,864. The rally marked a bullish re-establishment but with the beginning of the fresh day trade, BTC price initiated with consolidation. Whereas most of the altcoins...Read More
The large US movie theatre chain, AMC Theatres, will add bitcoin as a payment option by the end of the year, said the organization’s CEO Adam Aron. Thus, the number of global brands adopting BTC keeps growing after the recent announcements from Philipp Plein, Sheetz, Quiznos, and more. Founded in 1920, AMC Entertainment Holdings is...Read More
A few hours ago during early trading in Asia, Bitcoin prices tapped $47,200 according to Tradingview. It is the highest the asset has changed hands for since May 15. The move has built upon the momentum that began in late July when BTC broke out of its range-bound channel to the upside. At the time...Read More
For the first time since mid-June, the world’s oldest cryptocurrency broke beyond the $40,000 barrier on July 28. Bitcoin price research suggests that a bearish trend will prevail over the next 24 hours since further gains over the $45,000 resistance level were not achieved. Despite the fact that cryptocurrencies appear to be regaining upward momentum,...Read More
With new regulation and taxation on the cryptocurrency industry coming from the U.S., the situation just took another turn as President Joe Biden openly supported the highly unfavorable amendment proposed earlier by Senators Mark Warner and Rob Portman. Biden’s backing seems to target proof-of-stake assets, while mining appears untouched. Sitrep: Taxation and Regulation on Crypto...Read More
It was an exciting week in the cryptocurrency market with a lot of developments – both in terms of price and otherwise. Bitcoin went through a correction but managed to recover, while Ethereum’s long-anticipated London hard fork went live officially. Starting off with BTC’s price, the week was rather intense. Last weekend, we saw the...Read More
Most of the cryptocurrencies since the beginning of 2021 showcased a marvellous rally by achieving heights beyond everyone’s expectations. Yet they failed to stand on one’s aspiration as the mid-may crash drained more than 60% gains. However, without being dejected, the assets registered nearly 15% to 20% jump and many more yet to come. As...Read More
Customers of the German fashion company Philipp Plein International AG will get the chance to buy products in digital assets instead of fiat money. The supported virtual currencies will be 15 and will include the leading ones – Bitcoin and Ethereum. ‘Cryptocurrencies Are The Future’ In a recent Instagram post, the fashion group Philipp Plein...Read More
The cryptocurrency platform Bitbns intends to open a systematic investment plan (SIP) in digital assets for Indian athletes who win medals at the ongoing Tokyo Olympics. The exchange will reportedly grant around $2,700 in crypto for gold medal winners. ‘Faster, Higher, Stronger’ And Earn Crypto The Economic Times reported that Indian athletes at the Olympic...Read More
Bitcoin’s Declining Price is Concerning the Cryptocurrency Investors, as BTC has once again fallen below the $38,000 barrier, putting investors on edge. Bitcoin market share is 46.40 percent at the time of writing, down 0.14 percent from the previous day. Before hitting the reverse button, the king coin was trading between $39k and $42k. Along...Read More
A Russian court ordered Sberbank to restore access for a customer involved in Bitcoin trading. The authorities added that the largest bank in Russia should not have blocked the account as the client had provided all the necessary information about his cryptocurrency operations. Sberbank Had No Right to Ban The Account The Sverdlovsk Regional Court...Read More
There has been a fair bit of profit-taking since Bitcoin prices topped $42K over the weekend. The asset has declined 9% since then, and on-chain behavior can be analyzed to get a better outlook on overall market sentiment. Analytics provider Glassnode has been doing just that in its latest on-chain report. The key question is...Read More
