Following a bullish performance on Saturday, Bitcoin (BTC) has dropped sharply below the $44k level. The recent BTC decline dragged the altcoin industry along, causing the entire cryptocurrency market valuation to fall by $120 in a few hours. However, Bitcoin has rebounded to the $45k level at press time. That said, Bitcoin’s market valuation continues […]
The Dubai-based cryptocurrency investment fund, FD7, believes that the value of Cardano (ADA) and Polkadot (DOT) will surpass that of Bitcoin (BTC) in the coming years. Consequently, the firm has announced that it will offload about $750 million worth of its BTC holdings and increase its exposure in ADA and DOT. FD7 (Fall Down Seven […]
According to a recent 70-page report by Arcane Research in conjunction with Bitstamp, Bitcoin (BTC) is the future of collateral in the finance industry. The report notes that Bitcoin is very similar to the internet, considering that it is a “blank canvas” on which developers can build creatively upon in any desired way. Originally, Bitcoin […]
Key Resistance 51500 – 5300 Key Support: 44900 – 44000 Long Term View Bitcoin is a buy asset and has been for a while. Swing trades against it have been horribly wrong in the past for a few big money managers. But we are traders so this doesn´t mean we can´t profit from downside moves […]
The Reserve Bank of India’s (RBI) distaste for the cryptocurrency industry continues to grow as the apex bank recently expressed its worry about the potential impact of cryptocurrencies on the country’s economy. At the same time, members of the bank have confirmed that the RBI is planning on releasing a digital rupee. The bank has […]
The “no boring days in crypto” trope appears to have gained more validation over the past 24 hours. Just a few hours after Bitcoin (BTC) recorded a new all-time high at $58,480 and seemed to be waxing stronger on its bullish momentum, the benchmark cryptocurrency got racked with one of the sharpest declines in its […]
The Next “Buzz Word” AltcoinsLast month, the Bloomberg Galaxy Crypto Index was at 1414.37, following a low of 217.82 in early March. BTC had made a new high yesterday at $51,630.86. Today (February 17) and the index was at 2,295.61. That’s a huge gain for one month. Let me put this into perspective. In late […]
Bitcoin (BTC) has gained more recognition as a payment system over the past few weeks, as a UK-based flight company, PrivateFly, reports that more than 20% of its revenue came from Bitcoin payments. PrivateFly is a global private jet charter company with a recognized membership on several aviation industry bodies, including the BACA, ACANA, and […]
Anthony Scaramucci, the founder of Skybridge Capital, continues to be wildly optimistic about the prospects and performance of Bitcoin (BTC), as he now believes that the cryptocurrency could break the 6-digit barrier in 2021. The hedge-funder made his price prediction in a recent CNBC Squawk Box appearance after he got asked what his BTC price […]
