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Saylor: Institutional Interest in Bitcoin is Larger Than You Believe

Saylor: Institutional Interest in Bitcoin is Larger Than You Believe

MicroStrategy CEO Michael Saylor says institutional interest in Bitcoin is snowballing. He predicts the coming year will see a flood of companies follow MicroStrategy’s lead to acquiring Bitcoin as a treasury strategy. More interestingly, Saylor claims contact with at least a hundred private companies that have already implemented this strategy. However, given the lack of…
3 Things Bitcoin Traders Need To View in FOMC’s First Satisfying of 2021

3 Things Bitcoin Traders Need To View in FOMC’s First Satisfying of 2021

Bitcoin extended its pullback from its weekly high of $32,960 on Wednesday as the market’s focus shifted on the Federal Open Market Committee’s first meeting of 2021. The flagship cryptocurrency dropped to an intraday low of $30,818, down about 5.5 percent from its opening rate. The appetite for riskier safe-havens weakened against a stronger US…
Bitcoin and How Crypto will Change the Financial World

Bitcoin and How Crypto will Change the Financial World

On January 13, 2021, the US Office of the Comptroller of the Currency (OCC) announced that it had given conditional approval to Anchorage Trust Company, a chartered trust firm, to become Anchorage Digital Bank. This has made Anchorage the first cryptocurrency services provider to have received the national bank charter in the United States. The…
Charted: Ripple (XRP) Evaluating Vital Assistance, Why It Might Nosedive

Charted: Ripple (XRP) Evaluating Vital Assistance, Why It Might Nosedive

Ripple is struggling to stay above the key $0.2600 support against the US Dollar. XRP price could nosedive if there is a close below $0.2600 and $0.2550. Ripple is showing a few bearish signs below the $0.2750 and $0.2800 resistance levels against the US dollar. The price is testing the $0.2600 support and it is…
TA: Bitcoin Holds Strong At $31 K, Why The Bulls Are Dealing With Uphill Job

TA: Bitcoin Holds Strong At $31 K, Why The Bulls Are Dealing With Uphill...

Bitcoin price is stuck in a range below the $33,500 and $33,800 resistance levels against the US Dollar. BTC is likely to continue lower unless it clears the $33,800 resistance. Bitcoin retested the $31,000 zone and managed to stay in a range. The price is currently facing resistance near $32,800 and the 100 hourly simple…