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 […]
Popular bitcoin bull and market analyst Max Keiser has argued that bitcoin’s market capitalization could surpass $300 trillion in the future, predicting the flagship cryptocurrency could surpass the U.S. dollar and become the world’s reserve currency. In a new episode of the Keiser Report on RT, first spotted by Daily Hodl, the bitcoin bull shared […]
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 […]
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 […]
Jed McCaleb, one of the co-founder of Ripple, has sold an estimated 135 million XRP tokens over the last few weeks, and has around 30.5 million tokens left in his “tacostand” account, according to data from XRPScan. McCaleb is said to have started working on Ripple back in 2011, and was part of its founding […]
A bitcoin whale has moved a massive $4.5 billion in bitcoin during the flagship cryptocurrency’s sell-off this weekend, which saw the price of bitcoin drop from $55,000 to a $43,000 low before recovering. According to blockchain data, the bitcoin whale moved 103,510 BTC, worth over $4.5 billion, for a fee of around $21 at the […]
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 […]
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 […]
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 […]
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 […]
The price of bitcoin moved from little over $11,000 in October of last year to a new all-time high above $58,000 earlier this month. Despite the massive rise, analysis shows that bitcoin’s bull run likely isn’t over as fear of missing out (FOMO) hasn’t set in yet. According to researchers at on-chain analytics platform Whalemap, […]
FD7 Ventures, a cryptocurrency investment fund based in Dubai with $1 billion in assets under management, has announced it plans to sell $750 million worth of bitcoin over the next 30 days, so it can increase its positions in Cardano (ADA) and Polkadot (DOT). According to a press release, the move will see the fund […]
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 […]
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 […]
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 […]
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 […]
Bordier & Cie, a private Swiss bank launched 177 years ago in 1844, has started offering a cryptocurrency trading service for its clients, allowing them to buy, sell, and hold BTC, ETH, BCH, and XTZ. According to a press release, first reported on by CoinDesk, the firm is planning to expand the number of cryptoassets […]
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 […]
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, […]
Cryptocurrencies may be one of the best assets for day trading. Not only because the market is open 24 hours a day, 7 days a week, but also because it is volatile. Take Bitcoin as an example. Its volatility has exceeded 10% in the past 2 days, but it has fallen by 50% in a […]
Daniel Ives, an analyst at Wedbush Securities, has revealed he believes in the short term Tesla’s share price is directly going to be linked to the price of bitcoin, after the electric car marker’s $1.5 billion bitcoin bet. According to CNBC, Ives wrote that as Tesla is “diving into the deep end of the pool […]
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 […]
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 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 […]
As the price of bitcoin drops from a new all-time high above $58,000 to $46,000 at press time, the CEO of a cryptocurrency analytics platform revealed that BTC whales are accumulating funds, making it unlikely for the price to drop below $44,000. On social media, Ki Young Ju, CEO of CryptoQuant, said that the so-called […]
As the prices of most cryptocurrencies plunge, former Goldman Sachs executive and Real Vision CEO Raoul Pal revealed he feels relief when prices drop as he switches into “buy the dip mode.” March, he said, is a historically weak month for cryptoassets. On Twitter, Raoul Pal revealed, however, he is not sure whether this is […]
The price of Binance Coin (BNB) exploded upward over the last 30 days, going up 560% from about $40 to a new all-time high above $340 before it started correcting. Crypto analyst and trader Nicholas Merten weighed in on its rise. On a new DataDash video, first reported on by Daily Hodl, Merten told his […]
The Tourism Authority of Thailand (TAT) is set to target cryptocurrency holders in a bid to revive the country’s tourism sector, which was heavily affected by the COVID-19 pandemic. According to the Bangkok Post, the plan will target Japanese tourists initially, as these are considered to be the top holders of bitcoin. The news outlet […]
Bill Barhydt, the CEO of digital payments platform Abra, has predicted the price of bitcoin could move up to $250,000 if corporations keep on buying BTC, presumably as a supply squeeze would force the price to exponentially go up. In an episode of the “What Bitcoin Did” podcast with Peter McCormack, first reported on by […]
Daniel Ives, an analyst at Wedbush Securities, has estimated that Tesla’s $1.5 billion bet on bitcoin has made it roughly $1 billion in profits as the price of the flagship cryptocurrency goes up. According to CNBC, Ives wrote that the company is on “a trajectory to make more from its Bitcoin investments than profits from […]
