Thinner trading volumes for Bitcoin over the weekend saw a surge to new all-time-high only to come crashing down on Monday against sharp profit-taking Some data to suggest that a sharp selloff in older vintages of Bitcoin (some addresses dating as far back as 2013 and which had never been moved previously) responsible for the […]
Cardano’s spectacular rise this year has some investors, including institutional names, wondering if they should be looking more closely at the cryptocurrency Cardano has been around since 2015, but development on the blockchain has been minimal at best, making it more speculative akin to betting on GameStop (+3.24%) As Bitcoin and Ether soar to new […]
Fiscal stimulus is fueling Bitcoin towards a new all-time-high as risk-on sentiment is fueling inflows into the cryptocurrency Race to launch a Bitcoin ETF is heating up in the U.S. with Grayscale the latest to launch another attempt and hiring a dedicated ETF team to get across the finish line Although the ink on Biden’s […]
Grayscale Bitcoin Trust’s premium over the underlying asset it tracks was whittled away and momentarily negative as the price of Bitcoin fell last week Increasing number of alternatives and knowledge of the “Grayscale Premium” for Bitcoin indicative of a maturing market In Vang Vieng, a picturesque town on the banks of the Nam Xong river […]
Retail flows last week saw accumulation of Bitcoin that presaged this week’s sharp recovery in the cryptocurrency Medium term macro factors still favor a bullish take on Bitcoin There’s a saying on Wall Street that if you want to know what happens next, follow the trail of the money. It’s why there are […]
Hugely popular Chinese photo-editing app that is popular with vloggers and social media influencers has bought Bitcoin and Ether Hong Kong-listed firm looks to be expanding to writing decentralized apps or dApps on the Ethereum blockchain How do those Chinese vloggers and social media stars always appear to have dewy soft flawless skin? It’s […]
Bitcoin rebounds on Biden’s fiscal stimulus package prospects fueling concerns over inflation and a general rotation into risk assets Goldman Sachs (-0.58%) survey of clients reveals that the demand for cryptocurrencies from its well-heeled clients remains robust and should help to provide a floor for Bitcoin’s price Bitcoin rebounded sharply over the weekend on the back […]
U.S. cryptocurrency exchange Kraken CEO Jesse Powell tells Bloomberg Television that Bitcoin could hit US$1 million or higher Investors being taken in by such high price predictions should look at what the lower bound on losses could be instead of focusing on unlimited upper bounds, otherwise they risk losing substantial amounts of money Could […]
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Good odds for a U.S. Bitcoin ETF as crypto-savvy Gary Gensler looks set to helm the U.S. Securities and Exchange Commission Market structure could see a Bitcoin ETF boosting Bitcoin’s upside further While some are suggesting that inflation expectations have helped to buoy Bitcoin sailing it past US$51,000 on a day when tech stocks […]