The El Salvadoran Congress has just approved a bill to make Bitcoin a legal tender in the country. Reports show that the Bill got a “supermajority” vote, indicating how excited most of the country is regarding the new development. The Bill noted that: “The purpose of this law is to regulate bitcoin as unrestricted legal […]
According to a recent report by Bloomberg, Chief Investment Officer of Skybridge Capital Troy Gayeski noted that Bitcoin (BTC) still has more upside potential than gold. He added that while he expects both assets to rally over the long term despite the Fed’s move to taper asset purchases, his hedge fund will stick with Bitcoin. […]
The President of El Salvador, Nayib Bukele, has announced his administration’s plans to make Bitcoin (BTC) a legal tender in the country. President Bukele announced at the ongoing Bitcoin 2021 Conference in Miami. The president noted that he would forward a bill to this effect to Congress next week. That said, if approved, El Salvador […]
To tackle the ever-growing problem of ransomware attacks in the US, the Biden administration plans to enhance cryptocurrency tracking measures, according to Deputy Press Secretary Karine Jean-Pierre. This announcement comes amid several hacks on US-based companies. Ransomware attacks involve the infiltration of individuals or organizations to encrypt sensitive information. With that, these attackers render the […]
After consolidating for over a week now, analysts predict that Bitcoin (BTC) is gearing up for another massive leg down. Chart patterns show the formation of a pennant pattern that could result in a significant price move. Another report shows that a “death cross is looming,” another telltale sign of a massive bearish move. Some […]
Creator of popular Bitcoin price analysis model stock-to-flow (S2F), Plan B, has just updated his notorious chart with a dot to represent the recent market performance. Plan B noted earlier today that “we knew bitcoin would not go up in a straight line” and added that the market action is “starting to look like 2013.” […]
After yet another volatile weekend, Bitcoin (BTC) has jumped by about $3,000 from a seven-day low. Altcoins also posted a positive recovery today, following a $200 billion dip over the weekend. The total cryptocurrency market valuation bottomed at $1.4 trillion yesterday, from a high of $1.6 trillion. The primary cryptocurrency has battled unsuccessfully with the […]
Bitcoin regained slight bullish traction earlier today and crossed the $40k mark following an announcement from the Biden administration on the US spending budget. The President of the United States, Joe Biden, will submit a $6 trillion spending budget proposal later this week. Although Bitcoin rallied at the news, it failed to sustain the bullish […]
The recent crypto market crash reportedly sent the Bitcoin (BTC) premium on Grayscale down a -21% slope, a multi-year low. However, the premium appears to have stabilized a bit around -4% over the past few hours. That said, this metric could return to positive levels later next month, as many GBTC investors will cash out. […]
