Bitcoin’s Recent 25% Drop ‘Positive’ as It Tested Holder Conviction: Report

Bitcoin’s recent 25% price dip was positive because it flushed out excessive leverage from the market and tested its holders’ conviction while keeping speculators at bay, according to a recent report. The report, published by on-chain analytics firm Glassnode, analysed the recent cryptocurrency market correction, which saw BTC’s price drop from a new all-time high […]

Bitcoin’s Compound Annual Growth Rate Is ‘Unmatched in Financial History’, Analysis Shows

Bitcoin’s 10-year compound annual growth rate (CAGR) is “unmatched in financial history,” according to analysis conducted by on-chain analytics firm CaseBitcoin, which posted its findings on social media. According to CaseBitcoin, BTC’s near 200% CAGR is an “unheard-of number” and means that BTC investors have “nearly tripled” their money every single year for the last […]

This Little-Known Altcoin Is Set to Soon Explode, Says Popular Crypto Analyst

Popular cryptocurrency influencer and analyst Tyler Swope has revealed he believes a little-known, highly misunderstood altcoin is set to explode higher in the near future as the market starts to understand its true potential. In a video, Swope told his nearly 200,000 YouTube subscribers he is keeping an eye on the NFT20 marketplace and its […]

Bitcoin Has Potential to Become the ‘Currency of Choice’ for International Trade: Citi

Global bank Citi has published a report for clients on Bitcoin’s potential as an asset class, and pointed out in it the cryptocurrency has potential for a “massive transformation,” and could become the “currency of choice” for international trade. In a 107-page report from Citi’s “GPS” research series, first spotted by TheStreet, researchers at the […]

Crypto Exchange Accidentally Sells Bitcoin at 88% Discount, Asks for BTC Back

The largest cryptocurrency trading platform in Southeast Asia, the Philippines-based PDAX platform, has suffered a technical failure and accidentally sold users BTC at $6,000 down 88% from the crypto’s price of $48,000 at the time. The incident occurred, according to Filipino news outlet BitPinas, after transaction volumes grew by 70x on the trading platform, leading […]

Researcher Believes He May Have Discovered Satoshi Nakamoto’s Twitter Account

A researcher going by Varun has published his analysis of a little-known Twitter account he believes may have belonged to Bitcoin’s creator Satoshi Nakamoto, based on its tweets hinting about bitcoin and its active period. The researcher published its findings on Substack, as Bitcoin.com reports, and revealed the Twitter account ‘Goldlover’ (@fafcffacfff) was very active […]

Crypto ETP Assets Under Management Swell to Near $44 Billion

The assets under management (AUM) of cryptocurrency exchange-traded products (ETPs) have swollen to close to $44 billion, even as trading volumes for these products dropped when compared to last month. According to CryptoCompare’s Digital Asset Management Review, the assets under management across all cryptocurrency ETPs surged by 50% to $43.9 billion, despite the trading volume […]

Bitcoin Could Become ‘Digital Gold’ if Volatility Drops and Regulators Step in, Says Bridgewater Exec

Bridgewater’s director of investment research Rebecca Patterson has said that bitcoin could become digital gold if the cryptocurrency’s volatility drops and its liquidity improves with “regulatory certainty.” Patterson’s words came during an interview with Bloomberg, first reported on by Business Insider. During the interview, Patterson revealed she would not call bitcoin an “alternative currency” and […]

$650 Million Outflows From Coinbase Suggest Institutions Are Buying Bitcoin’s Dip

Institutional investors have seemingly bought the dip after the price of bitcoin corrected from an all-time high above $58,000 to about $45,000, with $650 million leaving cryptocurrency exchange Coinbase potentially signaling a large buy. The CEO of crypto data firm Ki Young Ju pointed to a massive 13,000 BTC movement out of the San Francisco-based […]

Bitcoin and Gold Serve Different Roles in a Portfolio: Goldman Sachs Analysts

Both bitcoin and gold have a specific role to play in investors’ portfolios and, as such, bitcoin won’t take over gold’s market capitalization, nor will gold make the flagship cryptocurrency irrelevant. According to a note from Goldman Sachs analysts reported on by CoinDesk, both assets serve a different role in investors’ portfolios, with gold remaining […]

Coinbase Reveals It Holds Bitcoin and Other Cryptoassets on Its Balance Sheet

San Francisco-based cryptocurrency exchange Coinbase has revealed it holds bitcoin and other cryptoassets on its balance sheet as investments, but did not reveal exactly how much of its funds are in crypto. In a blog post published by Coinbase’s head of institutional sales, trading, custody and prime services, Brett Tejpaul, it was revealed that Coinbase […]

Crypto Analyst Who Called 2018’s Market Boom Reveals His Main Altcoin Position

A top cryptocurrency strategist that has gained a large following on social media after accurately calling bitcoin’s 2018 bear market bottom above $3,000, has revealed his main altcoin position on a little-known cryptocurrency. The pseudonymous analyst, known as Smart Contractor on social media, told his over 100,000 followers he has been seeing signs the market […]

Brave Browser to Add Decentralized Exchange Aggregator to Grow BAT’s Use

The cryptocurrency-powered Brave browser has revealed plans to add a decentralized exchange (DEX) aggregator to its platform in a bid to bring the decentralized finance (DeFi) space closer to its millions of users. According to an update to its roadmap, Brave is planning on enabling token swaps through a decentralized exchange aggregator built on Brave, […]

North America’s First Bitcoin ETF Surpasses $500 Million in AUM

The Purpose Bitcoin ETF, managed by Purpose Investments, has seen its total assets under management surpass the $500 million mark this week as inflows from institutional investors appeared to be unaffected by the market’s dip. According to data firm Glassnode, the Purpose Bitcoin ETF, the first bitcoin exchange-traded fund (ETF) in North America, reached $564 […]

Bitcoin’s Market Value Will Surpass $100 Trillion, Says MicroStrategy’s CEO

The CEO of Nasdaq-listed business intelligence firm MicroStrategy, Michael Saylor, has revealed the market value of bitcoin will surpass $100 trillion in the future, and that the cryptocurrency will become a “stabilizing influence” for the global financial system. Speaking on CNBC’s “Squawk Box,” Saylor said there is a $500 trillion monetary planet out there, with […]

Top Crypto Analyst Says These Are Bitcoin’s Price Levels to Watch After BTC’s 15% Drop

Top cryptocurrency analyst  Michaël van de Poppe has charted several bitcoin price levels for traders to watch after the flagship cryptocurrency’s price dropped below the $50,000 mark this week amid a wider market sell-off. The trader, who predicted that February and March could see a significant market correction, said he is looking at $47,500 as […]