In an interview with Bloomberg last Thursday, Michael Gronager, co-founder of Kraken and CEO of Chainalysis, noted that Bitcoin (BTC) and the cryptocurrency market bull rally is far from over. Last month, Kraken CEO Jesse Powell opined that the current bull run is in its early stages. Commenting on his price prediction for Bitcoin, he […]
Bitcoin (BTC) re-emerged above the $50,000 barrier today as millions of dollars worth of short positions got liquidated. Data from TradingView showed that the benchmark cryptocurrency touched the $50,400 level, its highest mark since August 23. BTC/USD finally mustered the strength to leave its lower trading range of the past weeks following an overnight rally. […]
While Bitcoin (BTC) continues to struggle below the $50,000 mark, reports show that the network has recorded significant transaction volume. On-chain analytics provider Glassnode recently revealed that the weekly transaction volume on the BTC network has surged to a record high, while the number of token holders steadily recovers. According to the report, the average […]
Citizens of El Salvador took to the streets in protest last Friday over the legal adoption of Bitcoin in the country. This action comes just a few days before El Salvador legalizes the Bitcoin Law, which would allow the country to make BTC an official legal currency along with the USD. While El Salvador President […]
Cuba has announced that it plans on recognizing and regulating cryptos like Bitcoin (BTC) for payments. The government of the Caribbean nation revealed its intentions via Resolution 215 published on Thursday. The resolution stated that the Central Bank of Cuba would draft rules and regulations for the industry. The resolution also noted that financial institutions […]
Behemoth American-headquartered bank Morgan Stanley has remained steadfast in gaining Bitcoin exposure by investing millions of dollars, despite the recent prevalent bearish bias amongst analysts. Twitter analyst MacroScope cited the significant difference between the financial institution’s previous filing and today’s data, noting that the bank’s crypto exposure has grown significantly within a few months. MacroScope […]
The bearish market bias in the cryptocurrency market continues into the second day as Bitcoin (BTC) falls below the $47k line. As expected, most altcoins have posted heavy losses, causing the crypto market valuation to shed over $100 billion in a day. Just two days ago, the benchmark cryptocurrency traded at multi-month highs after peaking […]
If you have had questions about the hype surrounding Lightning Network is or what it does, look further because this article will lay your concerns to rest. Bitcoin (BTC) was originally designed as an electronic peer-to-peer payment solution. However, the benchmark cryptocurrency has since grown to become a reliable means of exchanging value without involving […]
The Mayor of Jackson, Tennessee, recently tweeted that the price of Bitcoin (BTC) will only continue to increase as the Fed continues to print money. He noted that: “As the Feds continue to print more USD, this chart will continue to rise. Bitcoin could be the present but is definitely the future monetary system, and […]
