A POSITION TRADING STRATEGY FOR CRYPTOSAs it has been said before, the best way to make money from viable cryptos is to buy and hold them forever, since investments that are worthwhile are also investments that appear in your will. Apart from a ‘buy and hold’ method of investing, there are other ways to make […]
As Binance comes under regulatory pressure, the cryptocurrency industry took a plunge on Thursday as regulation concerns across the world intensified. At press time, Bitcoin and Ethereum are both down by 4%, as the entire market bleeds. Earlier today, Italian market watchdog Consob stated that Binance, the world’s largest cryptocurrency exchange by spot trading volume, […]
According to a fund manager survey for July posted by Bank of America (BofA), “long Bitcoin” has dropped to the number three spot as the most crowded trades. The Global Fund Manager Survey is Bank of America Securities’ monthly report is a survey carried out on about 200 institutional, mutual, and hedge fund managers around […]
On-chain analytics company Glassnode recently reported on the Bitcoin (BTC) network, noting that it is, fundamentally, in a healthy state despite the vacillating price action. The analytics provider revealed that we are in an “impressively quiet week,” as BTC remained range-bound between $34,900 and $32,500. Glassnode noted that: “It is starting to feel like the […]
Authorities of the People’s Bank of China (PBoC) are on the neck of the cryptocurrency industry once again. This time around, they have issued a notice to local institutions, warning them against providing services to crypto-related companies. The Chinese government has ramped up its anti-crypto activities in the past few weeks, causing several local crypto […]
Mechanicville Power Station 1897, the world’s oldest 3-phase power plant, has announced that it is going into Bitcoin (BTC) mining. The firm noted that it would use some of the power it produces to carry out the undertaking. Jim Besha, the Albany Engineering Corp CEO, noted that the aged 3-phase AC hydropower plant considers Bitcoin […]
The rapid rise of cryptocurrency across the globe has left many scratching their heads. When Bitcoin suddenly shot up to over $60,000 last year and subsequently fell back down to just under $35,000, it raised questions about the stability of crypto. Yes, it’s true that crypto is a volatile and fast-evolving industry, but it may […]
Following a prolonged consolidation around the $35k level, Bitcoin (BTC) is now in correction mode after falling by over $2k in a few hours. As expected, most altcoins are also in the red, which has dragged the valuation of the total crypto market down by $100 billion since yesterday’s high. The benchmark cryptocurrency entered last […]
On-chain analytics company Santiment recently revealed the Bitcoin (BTC) whales bought a staggering 60,000 BTC in one day, the largest daily acquisition in 2021. Santiment further noted whale addresses currently hold about 9.12 million BTC, 100k more than it was about six weeks ago. While many retail investors have panicked since Bitcoin began its selloff, […]
