The beginning of the month was quite chaotic for Bitcoin and those trading it.On June 1, the flagship cryptocurrency was able to slice through the $10,000 resistance level for the first time since mid-February. But a few hours later, BTC plummeted by more than $1,000 in less than five minutes.The wild price action resulted in…
Over the past few months, we’ve seen a strong uptick in institutions adopting Bitcoin and crypto-assets.Nothing shows this as well as Grayscale’s Bitcoin Trust, a leading way that institutional investors can use to gain exposure to cryptocurrency. According to NewsBTC’s research, the trust brought in 62,972 BTC over the past 12 weeks. Over that same…
The stock market has been caught within an intense uptrend over the past couple of days while Bitcoin consolidates within the upper-$9,000 region.The ongoing equities rally has come about due to renewed hopes of the economy seeing a “V-shaped” recovery due to most countries across the globe easing their pandemic-related lockdowns.Recent employment data within the…
Bitcoin has seen some generally lackluster price action throughout the past several days and weeks, struggling to garner any decisive momentum as it hovers within the mid-$9,000 region.This price action has muddied the clarity that many analysts previously had as to just how strong the cryptocurrency’s uptrend truly is, and has shaken the confidence of…
While all eyes are on Bitcoin, as the cryptocurrency community watches and waits for the asset’s next uptrend to begin, another crypto asset has gone parabolic – but not in price.The market cap and total supply of Tether have been skyrocketing more so than Bitcoin price has. Also easily besting Bitcoin, is the amount of…
The market cap of Tether’s dollar-pegged stablecoin USDT has been steadily increasing this year and could soon reach $10 billion. According to the company’s CTO Paolo Ardoino, Tether has minted $5 billion in the past six months alone.The Market Cap of USDT On Its Way to $10 BillionThe third-largest cryptocurrency and the largest stablecoin in…
Bitcoin got a special mention in a journal penned by Paul Britton, the CEO & Founder of Capstone Investment Advisors.The hedge fund manager recommended asset allocators to think about alternatives to government bonds, such as “cryptocurrencies.”The statement took cues from the sovereign assets’ inability to insure 60/40 portfolios after the Federal Reserve slashed interest rates…
Bitcoin is trading in a tight range above the $9,640 support against the US Dollar. BTC price is likely to surge higher if it clears the $9,800 and $9,880 range resistance levels.Bitcoin is trading in a positive zone above the $9,640 and $9,600 support levels.The bulls are likely aiming an upside break above the $9,880…
Bitcoin has been on a wild ride over the past several years, incurring massive volatility and bearing witness to many pivotal events that will help shape its future.Many of these events have had bearish implications for the cryptocurrency, including the launch of CME futures at BTC’s peak in December of 2017, the Bitcoin SV hard…
For forty days and forty nights, Bitcoin price has been trading above $8,000 but has repeatedly failed to hold above $10,000. A series of higher lows has kept buying strong, but the cryptocurrency has failed to gain the momentum it needs to break through the critical resistance.The push and pull of buyers and sellers has…