Bitcoin is going to benefit from the ongoing repo crisis in the US banking system, hinted Gabor Gurbacs of VanEck, a New York-based investment management firm. The Digital Asset Strategist, who oversaw the drafting and filing of VanEck’s Bitcoin ETF application to Securities and Exchange Commission (SEC), on Thursday indicated that Fed’s plans to inject…
There are a number of known cryptocurrency and Bitcoin detractors so when one makes a bullish statement it is time to pay attention. Gold investor Peter Schiff is one that regularly argues up his own investments and down digital ones but maybe he is finally warming to crypto. A Plug For Libra? In a recent…
Bitcoin has plummeted below its previous support levels during a swift and sharp sell-off earlier this morning that led the aggregated crypto market to drop to fresh multi-month lows. BTC has continued grinding lower throughout the day and it is unclear as to where it will find any meaningful support that halts its current downtrend.…
This morning, Bitcoin price began to fall from a high timeframe bear flag that was formed following a breakdown of a multi-month triangle chart pattern – a pattern that signaled the end of the 2019 bull rally and possibly a major market trend reversal. With the rally now over, and given that the chart patterns…
Bitcoin is a wildly volatile asset, known for its massive price swings and for being the best performing asset of all-time. It’s made many early investors millionaires as a result. It’s even helped law enforcement gain over 2000% returns on a large sum of BTC that was seized as part of a sting on an…
Crypto asset prices are not the only thing cooling off as the year draws to a close. Venture Capital investments also seem to be declining but these things happen in a bear market and at least twice before they’ve come running back as soon as the bulls take hold of things. Has VC Dried Up…
Bitcoin (BTC) has been caught in the throes of consolidation for the past several weeks and months, and it has failed to garner any momentum in either direction in the time since it plummeted below $10,000. This period of consolidation may soon be coming to an end, however, as one technical indicator is elucidating that…
The German finance ministry has stated that criminal use of Monero (XMR) and Zcash (ZEC) is rising. In a recent report, it argued that use of anonymous crypto assets might one day replace that of Bitcoin on the dark web. The report is careful to highlight differences between different crypto assets. Whereas blockchain forensics firms…
After incurring an influx of buying pressure yesterday, Bitcoin has been able to sustain its upwards momentum and has not faced any notable retrace in the time since its recent surge, which may point to growing strength amongst BTC’s bulls. One prominent cryptocurrency analyst is now noting that he anticipates BTC to see further upside…
XRP has been one of the big winners of Bitcoin’s recent bout of consolidation, as the cryptocurrency has been able to surge significantly over the past several days and weeks, putting some notable distance between its recently lows $0.24. Analysts are now noting that the cryptocurrency’s recent bullishness may be pointing to the possibility that…