Bitcoin is back on the headlines after the outrageous price action it has experienced before and after the halving took place. The flagship cryptocurrency rose to a high of $10,100 on May 7 to then take a 22% nosedive over the weekend. Now, BTC is back up, recovering most of the losses recently incurred.Regardless of…
Things ramped up a gear today as Bitcoin derivatives platform, Deribit announced full integration of the ClearLoop custody and settlement solution for institutions.ClearLoop is the brainchild of London-based Copper, headed by CEO, Dmitry Tokarev, who commented:“ClearLoop, the fruit of this collaboration, allows investors to settle trades instantly, keeps their assets secure and insured in third-party…
Bitcoin has beaten Gold in terms of returns on investments in its 11-year existence.Now the cryptocurrency is taking on the biggest hedging asset for its limitations in the 21st century.The Bitcoin market is on the move again. The cryptocurrency has seen its price ballooning by more than 150 percent from its March-lows. Meanwhile, it has…
Bitcoin’s quadrennial supply cut event does not guarantee to boost its price, warned Carlo Cocuzzo, a Digital Finance Economist at ING.The veteran said that traders wrongly compare bitcoin with fiat currencies, stating the cryptocurrency is not even a currency.He partially agreed with Bitcoin’s store-of-value narrative but doubted it would prove bullish.For many Bitcoin enthusiasts, “halving”…
Bitcoin broke a major resistance zone near $9,000 and $9,100 against the US Dollar. BTC price is gaining momentum and it could soon climb above $9,500 and test $10,000.Bitcoin started a strong rise and broke the key $9,100 resistance zone.The price is now trading close to $9,400 and it might soon attempt to clear $9,500.There…
Both Bitcoin and the stock market have recovered strongly since the March lows, but the “real” economy is not in a good place.As Chamath Palihapitiya — one of the first Facebook executives and a prominent venture capitalist — said in a recent CNBC “Squawk Box” interview, the economy is now far removed from capital markets.With over…
Since falling as low as $8,180 on Monday, the day of the halving, Bitcoin has mounted a strong comeback. The comeback culminated in a surge past the key $9,000 resistance on Wednesday, seen on the right-hand side of the chart below.Bitcoin’s price action from May 8 to today charted by TradingView.com.While the move above $9,000…
During last year’s early 2019 parabolic impulse in Bitcoin, the safe haven narrative began to pick up steam, and the asset began to be taken more seriously. At that time, CNBC Squawk Box host Joe Kernan emerged as a champion of the cryptocurrency.Now, all this time later, he’s revealed that he has disclosed on air…
Bitcoin has been on a near-unstoppable rally since March’s lows of $3,700. The cryptocurrency at last week’s highs was up more than 170% from the lows, tapping $10,100 after a spectacular jump higher.This trend has been marked by crypto investors withdrawing their BTC off exchanges en-masse in a strong boost to Bitcoin’s medium-term bull case.Bitcoin…
Bitcoin outperformed its traditional rival Gold on a year-adjusted timeframe.The cryptocurrency’s spot price surged more than 50 percent in a year, with a string of geopolitical and macroeconomic factors helping its rally.The same period saw the SPDR Gold Trust ETF rising by more than 32 percent.Bitcoin didn’t get its exchange-traded fund, but it surely got to…