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Bitcoin Now Hunts USD 25,000, Altcoins Gain Bullish Momentum
25.12.2020
After forming a strong support base above USD 22,700 and USD 23,000, bitcoin started a steady increase. BTC broke the main USD 23,500 and USD 24,000 resistance level to start a fresh rally. It is currently (13:00 UTC) up over 5% and it traded to a new all-time high near USD 24,680.
Similarly, most...
Bitcoin Keeps Failing Near USD 24K, XRP Drops Even More
24.12.2020
Bitcoin topped near the USD 24,000 resistance zone and started a fresh decline. The price traded below the USD 23,200 support level and is currently (05:00 UTC) struggling to recover.
Similarly, most major altcoins are gaining bearish momentum, including ethereum, XRP, EOS, XLM, LINK, BNB,...
MicroStrategy Has Now Over USD 1bn in Bitcoin, New & Old Hacks + More News
21.12.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Investing news
US-based business intelligence company MicroStrategy confirmed that it had purchased an additional approximately BTC 29,646...
BTC Hovers Below USD 24K as Investors Watch Elon Musk, New Stimulus, and Crackdown
21.12.2020
Elon Musk. Source: A video screenshot, Youtube, Bloomberg.
A Twitter exchange between two of the United States’ prominent businesspeople has possibly added fuel to the bitcoin (BTC) rally this weekend, while the US announced a new coronavirus stimulus package and a regulatory crackdown.
Tesla chief...
Pre-Christmas Rally Brings Bitcoin to USD 24K, Litecoin Outshines Again
19.12.2020
After cooling down for a couple of days, the most popular cryptocurrency, bitcoin (BTC) accelerated its pre-Christmas rally and for the first time in its history hit the USD 24,000 level. As is usual this week, the top cryptoasset was outperformed by its smaller peers.
At pixel time (17:16 UTC)...
Megan Thee Stallion Hops On Jack Dorsey's Bitcoin Train With USD 1m Ticket
18.12.2020
Megan Thee Stallion. Source: Twitter/@theestallion
At the time when bitcoin (BTC) is hitting its new all-time highs, yet another celebrity has clambered aboard the BTC gravy train, which is now building up an unseeingly unstoppable head of steam – as rap star Megan Thee Stallion took to Twitter...
QE Infinity: US Fed to Keep Rates at Zero, Billion-Dollar Bond Purchases Until Economy Recovers
18.12.2020
This week the U.S. Federal Reserve met for two days at the Federal Open Market Committee meeting and detailed that it would keep short-term borrowing rates at near zero. Meanwhile, the Fed also stated that it would continue buying bonds until the U.S. economy returns to full employment....
Bitcoin Touches USD 22K, Outperformed By XRP and Litecoin
17.12.2020
After surpassing USD 20,000 for the first time since December 2017 yesterday, bitcoin (BTC) advanced by another USD 2,000 in less than a day. While BTC dominance increased, the top coin is not the best performer in the top 10 club today.
At pixel time (04:47 UTC), BTC trades at USD 21,787 after...
The Big Comeback of 2020: Bitcoin Revisits USD 20,000
16.12.2020
Source: Adobe/4K_Heaven
It finally happened on December 16th, 2020. The most popular cryptocurrency, bitcoin (BTC) just revisited the USD 20,000 level on multiple exchanges for the first time since December 17th, 2017, when it touched USD 20,089.
At pixel time (13:49 UTC), BTC trades at more than...
Bitcoin Just Shy of USD 20K, Altcoins Show Positive Signs
16.12.2020
After forming a support base above USD 19,000, bitcoin price started a fresh increase. BTC broke the USD 19,500 resistance and it even spiked above USD 19,800. The price traded to a new yearly high above USD 19,880 and it is currently (13:00 UTC) eyeing a break above USD 20,000.
Similarly, there...
Exchanges Send More USD 1M Bitcoin Transfers as Investors Look For a Hedge
16.12.2020
In 2020, exchanges have reportedly been sending 19% more bitcoin (BTC) transfers worth USD 1m or more, as investors are looking for a hedge against inflation and devaluation.
BTC has been rallying recently, even hitting a series of all-time highs before correcting downwards. The market is actually...
Bank of America Investor Survey Highlights the Most Crowded Trades: ‘Long Tech, Short USD, Long Bitcoin’
15.12.2020
The highly anticipated Bank of America fund manager survey has been published, and this December fund managers who participated in the survey are sweeping up risk assets. The asset managers have dropped cash for the first time in close to seven years, as levels are down 4%. Moreover, strategists...
Bitcoin Holds Strong At USD 19,000, Altcoins Fluctuate
15.12.2020
After a minor decline, bitcoin price remained stable above the USD 19,000 level. BTC is slowly rising and it is currently (13:00 UTC) trading above the USD 19,200 level. The bulls need to gain strength above USD 19,400 and USD 19,500 to start a strong increase.
Besides, most major altcoins...
Thief Steals USD 8.2m From Nexus Mutual Founder in a 'Targeted Attack'
14.12.2020
There's been another theft in the Cryptoverse - this time a 'personal' one, as attackers have taken more than USD 8.2m from the account of Hugh Karp, the founder of decentralized finance (DeFi) insurance protocol Nexus Mutual.
Nexus Mutual announced the news in a Twitter post today, stating that...
China has no plan to replace USD with digital yuan, former PBoC head says
14.12.2020
A former PBoC official says that his country has taken a cautious approach with the digital yuan
Bitcoin Rallies Above USD 19K Again, XRP Dumps
13.12.2020
It took less than a week for the most popular cryptocurrency, bitcoin (BTC), to return above the USD 19,000 level after it was trading close to USD 17,600 this past Friday. Meanwhile, one of the recent best performing major coins, XRP, is the only top 10 token in red today.
At the time of writing...
Morgan Stanley Strategist: Bitcoin Rising to Replace US Dollar as World’s Reserve Currency
13.12.2020
Morgan Stanley’s global strategist has made a case that bitcoin is making progress towards replacing the U.S. dollar as the world’s reserve currency. “Do not assume that your traditional currencies are the only stores of value, or mediums of exchange, that people will ever...
MicroStrategy Secures USD 635m For Another Bitcoin Buy
11.12.2020
Today, US-based business intelligence company MicroStrategy confirmed it raised USD 650m by selling convertible senior notes due 2025 in order to buy more bitcoin (BTC).
MicroStrategy estimates that the net proceeds from the sale of the notes will be approximately USD 634.9m, after deducting...
Business Giants Invest USD 60m in Blockchain-powered Payment Firm Chai
11.12.2020
Screenshots of the Chai app. A group of South Korean and Japanese business giants including Hanhwa Investment & Securities, SoftBank and SK have joined more established blockchain investors to complete a Series B investment round worth over USD 60m in South Korean firm Chai, the provider of...
BTC, ETH Slide Lower Despite Insurers’ USD 100m Bitcoin Buy & Ether ETF
11.12.2020
The crypto community has been buoyed as – despite sliding bitcoin (BTC) and ethereum (ETH) prices – two major breakthroughs were reached for both tokens.
At pixel time (09:03 UTC), BTC trades at USD 17,883 and is down by 3% in a day and 8% in a week, while ETH is down by almost 4% to USD 545....