Strategists at one of America’s biggest banks, JPMorgan Chase & Co, are comparing Bitcoin (BTC) to the traditional store of value assets, like gold. The analysts, led by Nikolaos Panigirtzoglou, are asserting that the benchmark cryptocurrency—which is currently at $33k—could rise by about 4.4 times in the long-term to hold a price of $146,000. According […]
Bitcoin (BTC) traded haphazardly earlier today, after sharply dropping by $5,800 in just a few hours, after which it recovered modestly. The decline caused the cryptocurrency to fill the recent CME gap at $29,000. The Chicago Mercantile Exchange (CME) allows institutional investors to trade BTC on a more regulated platform. However, this platform is open […]
Bitcoin (BTC) has recorded yet another leg up, as the benchmark cryptocurrency records a fresh all-time high near $35k. Just a few weeks ago, this price range was deemed unattainable by many speculators. The cryptocurrency has recorded consecutive record highs over the past few days, with no sign of a slowdown. That said, here are […]
Bitcoin (BTC) has been on a roll for the past few days. Following a recent recovery from a drop to the $26k level, the benchmark cryptocurrency rebounded dramatically, snapping the $29k barrier and recording a new ATH around $29,300 some days ago. However, on the last day of 2020, bears gained control and forced BTC […]
CME’s Bitcoin (BTC) futures, Initiated in late 2017, helps institutional investors trade the benchmark cryptocurrency on a more regulated platform. However, this regulation comes with some time constraints, requiring that the platform be closed on weekends and during public holidays. However, Bitcoin is a free market asset that trades 24/7 and is operational even on […]
Bitcoin (BTC) has extended its aggressive bull run into the Holiday season. Since December 24, the benchmark cryptocurrency has recorded a new all-time high daily. After obliterating the $25k and $26k resistance two days ago, the primary cryptocurrency has now tested the $28k resistance. The crucial question in the cryptocurrency community is if BTC will […]
As the world took the day to celebrate Christmas, Bitcoin (BTC) has launched its private celebration in a way. The benchmark cryptocurrency has commemorated the day by recording a new all-time high around $24,663, etching closer to $25k. Some days ago, BTC’s prospects got dampened, following an SEC lawsuit on Ripple (XRP). The suit asserted […]
According to Kim-Young Ju, an on-chain analyst, traders loading up on shorts for Bitcoin’s (BTC) current bull run are in for a huge shock. The Chief Executive Officer of CryptoQuant, a data analytics company, asserted via a tweet that traders had no reason for placing short-bets against a potential fall in Bitcoin. He explained that […]
After a multi-year bear run, Bitcoin (BTC) has finally shut the naysayers by clearing its previous all-time high at $20k and has recorded a fresh record high at $24,300 by December 2020. From the third halving event in May to dramatically dovish global economic monetary policies to combat the COVID-19-induced economic crisis, there have been […]
