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26/10/20 21:05 by Brenda Ngari
September 2016 All Over Again: Number Of Bitcoin Whales Shatters Record Highs Following Recent Price Rally
Bitcoin has been caught in a steady uptrend in recent weeks that has allowed it to sever its correlation to traditional financial markets. In fact, at just below $13,100, the flagship cryptocurrency ... Read More
26/10/20 18:54 by Guest Author
Crypto Market Analysis: 26th October 2020
In a week where equity markets have stagnated, bitcoin bucked the trend as it pushed through the $12,000 resistance level, as well as touching and seeing some resistance at $13,000. Altcoins were buoy... Read More
26/10/20 18:00 by Tony Spilotro
From Short To Euphoria: Data Says Bitcoin Market Sentiment Is Rapidly Changing
Bitcoin price this week surged over $1,000 in a single day on the heels of positive PayPal support news. Just three weeks ago, however, negative sentiment was recently at all-time lows, and shorts wer... Read More
26/10/20 00:00 by Nick Chong
Survey: Many Investors Expect Bitcoin to Be Seriously Higher in One Month
Bitcoin has undergone a strong rally since the lows seen just two weeks ago. The leading cryptocurrency currently trades for $13,050, far above the aforementioned lows and above the medium-term lows s... Read More
25/10/20 23:00 by Cole Petersen
Yearn.finance (YFI) Could Surge 20%+ as Technical Outlook Strengthens
Yearn.finance’s YFI governance token has found itself caught within a consolidation phase alongside Bitcoin and the rest of the crypto market.
It has been able to push significantly higher from ... Read More
25/10/20 21:07 by Brenda Ngari
Why Is PayPal Looking For Crypto Companies To Acquire Just Days After Announcing Support For Bitcoin?
Payments processor PayPal is rumored to be exploring cryptocurrency-centric companies to buy, including crypto custodian BitGo, according to a new report by Bloomberg. This comes just days after PayP... Read More
25/10/20 11:30 by Brenda Ngari
Bitcoin Has ‘Considerable’ Upside Potential As It Rivals Gold More Fiercely, Says JPMorgan
Multiple strategists from JPMorgan Chase & Co believe bitcoin is poised to compete more fiercely with gold as an “alternative currency” in the coming years due to the growing Millennial inves... Read More
24/10/20 15:13 by Brenda Ngari
Why Hedge Fund Mogul Paul Tudor Jones Is More Bullish On Bitcoin Than Ever
Billionaire hedge fund investor Paul Tudor Jones recently professed that he likes bitcoin even more than he did, referencing May this year when he announced that he had invested in the flagship crypt... Read More
23/10/20 18:29 by Brenda Ngari
Institutional Frenzy: Grayscale Brought In An Additional $300 Million Into Its AUM In Just 24 Hours
Grayscale, a digital currency asset manager that predominantly gives institutional investors exposure to cryptocurrencies, recently recorded a blockbuster day.
The company’s CEO Barry Silbert re... Read More
23/10/20 10:25 by Brenda Ngari
Oh The Irony: Bitcoin’s Market Capitalization Is Now Greater Than That Of PayPal
Bitcoin’s market cap has risen dramatically in recent months, recently clinching a spot among the top 25 largest companies and assets by market capitalization.
Bitcoin has a valuation of $241,45... Read More
23/10/20 04:00 by Cole Petersen
Why This Legendary Macro Investor Just Called Bitcoin a Bet on Human Ingenuity
Paul Tudor Jones made headlines earlier this year when he stated in a letter to investors in his fund that Bitcoin is likely going to be the best hedge against inflation in the coming few years.
His b... Read More
22/10/20 18:30 by Brenda Ngari
HODLing Pays Off: Buying Bitcoin Has Been Profitable 98.5% Of The Days Since Its Inception
Despite being a far cry from the 2017 all-time high of around $20,000, bitcoin has been profitable as an investment 98.5% of the days since its inception, according to data from LookIntoBitcoin.com. ... Read More
22/10/20 17:00 by Thomas Delahunty
StormX Unveils New $1,000 Rewards Program
The popular crypto cashback platform, StormX is now offering users up to $1,000 in rewards for each new person they invite to the platform in its newly introduced referral program.
StormX users now ha... Read More
22/10/20 15:00 by Yashu Gola
Bitcoin Deviates Further Away from Dow, S&P 500 as Price Hits $13K
Bitcoin has wholly sidelined its widely-covered correlation with the US stock market.
On Thursday, the benchmark cryptocurrency sustained its weekly gains as its price surged by more than 1 percent. T... Read More
22/10/20 14:11 by Adrian Klent
Forget Altcoins Investment Rotation, This Is What’s Fueling Bitcoin’s Dominance
As noted in a previous report, altcoins are not following in the same pattern as Bitcoin, whose dominance is now off the charts after surpassing 60% for the second time in two months. Even as the bul... Read More
22/10/20 11:11 by Olivia Brooke
Why Decoupling Is Bitcoin’s Only Chance At Making Significant Growth
Bitcoin’s incapability to make a significant price breakout has been credited to a lot of factors birthing volatility. BTC’s correlation to the stock market is a major indicator that the domi... Read More
21/10/20 21:49 by Olivia Brooke
Analyst: Chainlink’s Price Breakout Will Imitate Ethereum’s 2017 Bull Run
In 2020, the cryptocurrency witnessed a lot of drawbacks, one of the most notable was the market carnage on the 12th of March, also known as the ‘Black Thursday‘ when Bitcoin’s pric... Read More
21/10/20 15:57 by Brenda Ngari
London Stock Exchange-Listed Company Allocates 10% Of Its Cash Reserves To Bitcoin As Its Primary Treasury Reserve Asset
A growing number of institutional investors and traditional companies are holding the flagship cryptocurrency as a treasury reserve asset amid an economic downturn due to the pandemic.
The latest ... Read More
20/10/20 15:00 by Yashu Gola
Bitcoin Briefly Breaks $11.9K on Renewed US Stocks Correlation; $12K Next?
Bitcoin held onto its weekly gains as traders waited for US Congress to agree on the second coronavirus package on Tuesday.
The benchmark cryptocurrency added $67, or 0.5 percent, to trade near $11,82... Read More
20/10/20 14:42 by Guest Author
Beyond DeFi: A Fair Launch for All?
Beyond DeFi, NFTs, and Bitcoin’s recent breakout, everyone has been talking about “Fair Launch” lately. But what exactly is it and what are its implications for cryptocurrency projec... Read More
20/10/20 04:00 by Cole Petersen
Here’s the Overlooked $8.5 Trillion Investor Group That Could Boost Bitcoin
Bitcoin has been seeing massive inflows of capital from large investors and corporations throughout 2020, which may be what has allowed its price to trade well above where it started the year – ... Read More
19/10/20 20:08 by Guest Author
Crypto Market Analysis: 19th October 2020
The S&P 500 rose at the start of last week, shrugging off the tail end of the previous week, and remained at a solid level until Friday to finish the week on 3.482. Contrastingly, the European and... Read More
19/10/20 18:47 by Thomas Delahunty
These BitMEX Alternatives Are the Best Specialized Investment Platforms for Traders
It’s official – the U.S. government has the Bitmex exchange in its headlights. With one Bitmex leader in custody and others on the lam, the exchange is practically toast. New York Times br... Read More
19/10/20 18:11 by Thomas Delahunty
Why Apple Users are Diving into the Cryptocurrency Trading Business
Last year, Apple hinted that it has been following the development of the cryptocurrency industry intently, leading some to speculate that the global electronics and payment giant was preparing to lau... Read More
19/10/20 05:00 by Nick Chong
“Check Out Thorchain (RUNE),” ShapeShift CEO Erik Voorhees Says
The chief executive officer of ShapeShift, Erik Voorhees, is cementing himself as a fan of the DeFi space. Decentralized finance (DeFi) has gained many supporters over recent months, Voorhees being on... Read More
19/10/20 01:00 by Nick Chong
Filecoin (FIL) Faces a Miner Crisis 72 Hours Into Launch, Analyst Says
Filecoin (FIL) has been one of the most talked-about digital assets of the past week. The cryptocurrency finally launched this week after years of development and after a rapid $200 million ICO in 201... Read More
17/10/20 22:00 by Cole Petersen
Yearn.finance (YFI) Invalidates Bullish Market Structure; Analysts Eye Further Losses
Yearn.finance used to be the darling of the DeFi sector, with investors pouring massive sums of capital into the YFI token while largely looking towards it to become one of the largest and most widely... Read More
17/10/20 14:39 by Mr Oak
Bitcoin stockpiling: The doing of high net individuals or multi-billion-dollar companies?
Bitcoin Stockpiling has been a “thing” in the crypto scenes for some years now. Investors and bitcoin holders have been stockpiling or HODLing bitcoin since 2009, in a bid to sell them when their... Read More
15/10/20 04:00 by Cole Petersen
Bitcoin Hash Rate Rockets to New All-Time High; Up 36% in 2020
From a fundamental perspective, Bitcoin has never been stronger.
The benchmark cryptocurrency has evolved from being a speculative asset to a reserve asset that is being widely adopted by retail inves... Read More
14/10/20 18:25 by Bernice Nyambura
Grayscale Recorded $1 Billion New Crypto Investments In Q3 – Extremely Bullish For BTC And ETH
The world’s largest crypto assets manager, Grayscale has caused a stir in the crypto market today, by announcing an all-time high of $1.05 billion worth of new crypto investments in the third quart... Read More