The week is drawing to a close with Bitcoin back above $7,000 which keeps it consolidating as the bulls and bears battle it out. Long term trend lines are holding as is strong support but those are not the only reasons why the next bull run could be imminent.Bitcoin Holds Major SupportSince its big mid-week…
Big companies, including SharpLink and BitMine, have purchased over $1.6B in Ethereum, signaling a rosy future for ERC-20 tokens like TOKEN6900. $ETH is up by over 18% since last month, following a massive influx of institutional and treasury-level investment. Signaling growing confidence in $ETH as a strategic asset, leading firms – including SharpLink, Bitmine Immersion…
Fidelity Investments is a 72-year company with more than $7 trillion in investor’s funds under management, and despite their well-established position within the traditional retail markets, they are incredibly open to nascent technologies, like cryptocurrency and blockchain. Fidelity’s openness to blossoming new technologies is setting themselves into a unique niche. In certain ways, it is…
Bitcoin’s supply headlines have been loud, but ETF flow data is giving bulls something to point to. Farside’s numbers show a $143 million net inflow day for US spot Bitcoin ETFs, suggesting institutional buyers are still active even as government-wallet and Mt. Gox narratives create pressure. The useful way to read this is not as…