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Current Bitcoin 'Mania' 'Unsustainable', Long-Term Target - Over USD 146K - JPMorgan
5.1.2021
The valuation and position backdrop has become a lot more challenging for the most popular cryptocurrency, bitcoin (BTC), on the first days of 2021, but the above-USD 146,000 theoretical price target should be considered as a long-term target, according to strategists at JPMorgan Chase &...
Bitcoin Price Drops 17%, Large CME Futures Gap Filled, BTC Spot Markets Rebound
4.1.2021
On January 4, 2020, the price of bitcoin slid to the lowest point of the year dropping from Sunday’s high of $33,800 per unit to $27,734 a few minutes after 5 a.m. (EST). In fact, the price dip filled CME Group’s large futures gap after the regulated exchange has seen six consecutive...
Ethereum Surpasses USD 1,000, Bitcoin Stable While Altcoins Rally
4.1.2021
After a strong upward move, bitcoin price struggled to test the USD 35,000 resistance. BTC topped near USD 34,750 and recently started a downside correction. It corrected lower to USD 32,500 and it is currently (05:00 UTC) consolidating in a range.
Also, there were strong bullish moves in most...
Bitcoin Rallies Above USD 34K, Ethereum Smashes USD 800, XRP in Red
3.1.2021
A new year rally on the first weekend of 2021 accelerated on Sunday as top cryptoassets keep grinding higher, with bitcoin (BTC) jumping above USD 34,000 and ethereum (ETH) surpassing USD 800 for the first time since May 2018.
At the time of writing (09:20 UTC), BTC trades at USD 34,135 and is...
Bitcoin Jumps From USD 20K to USD 30K In Two Weeks
2.1.2021
Source: Adobe/Fox_Dsign
On the eve of its 12th birthday, the most popular cryptocurrency, bitcoin (BTC), surpassed another milestone, jumping above the USD 30,000 level for the first time just a bit more than two weeks after it returned to USD 20,000.
At the time of writing (12:52 PM UTC),...
Binance to Cover USD 10m in Losses for Users Affected by the COVER Hack
31.12.2020
Source: a screenshot, Instagram/binance
Following a COVER smart contract hack, major crypto exchange Binance announced they will use their funds to cover their users' losses to the tune of USD 10.1m.
"In addition to the compensation plan from the COVER team, Binance will utilize the Binance...
Bitcoin 3% Away From USD 30,000, Is Outperformed By XRP
31.12.2020
In the past few hours, the most popular cryptocurrency, bitcoin (BTC), twice surpassed USD 29,000, hitting another all-time high, and now needs to increase by around 3% in order to hit another psychologically important milestone - USD 30,000. Despite this rally, BTC is outperformed by the most...
Bitcoin Price Touches $28,600, Crypto Asset’s Value Gains Over 288% in 2020
30.12.2020
The price of bitcoin touched an all-time high at 3:12 a.m. (EST) during the early morning trading sessions reaching $28,600. The crypto asset’s market valuation is over $519 billion on Wednesday, as bitcoin markets command over 14 billion dollars in global trade volume. Bitcoin (BTC) markets...
Bitcoin Returns Above USD 28K, Altcoins Send Bullish Signs
30.12.2020
After a minor decline, bitcoin price started a fresh increase above the USD 26,500 and USD 27,000 levels. More importantly, BTC broke the USD 27,250 resistance level. The price even spiked above USD 28,200 and it is currently (05:00 UTC) consolidating gains.
Similarly, there were positive moves...
Production to Begin on USD 540m Crypto-themed TV Drama 'Pumping Time'
30.12.2020
Source: Adobe/Pixel-Shot
A South Korean TV drama production company is set to launch a major series that will focus on crypto and blockchain-related matters - with a bumper budget of over USD 2.7m per episode.
Per Financial News, major A-list celebrity actors from South Korea, China, and the United...
New York Approves Its First Publicly Available Japanese Yen Stablecoin
29.12.2020
The New York State Department of Financial Services, the Bitlicense regulator, has authorized GMO to issue U.S. dollar and Japanese yen-pegged stablecoins. The latter “will be the first of its kind available to the public.” To date, the regulator has given out 27 charters and licenses...
Vauld Raises $2 Million to Establish Stronghold in India
28.12.2020
Singapore-based crypto bank Vauld is working hard to elevate crypto to the status of a separate, viable asset class. It combines the functionality of an exchange with all the essential offerings of a bank, except it’s for cryptocurrencies. Vauld Raises $2 Million The Vauld team just raised...
Ethereum Rallies Above USD 700 While Bitcoin Consolidates and XRP Drops
28.12.2020
In the past few days, bitcoin remained in a positive zone above the USD 25,000 level. BTC even surged above USD 26,500, and traded to a new all-time high above USD 28,300 before correcting lower. The price is currently (05:00 UTC) consolidating near USD 27,000 and it could continue higher in...
Bitcoin Approaching USD 28K with Market Capitalization Over USD 0.5 Trillion
27.12.2020
The most popular cryptocurrency, bitcoin (BTC) accelerated its rally, hitting USD 25,000, USD 26,000, and USD 27,000 in less than a day and is now approaching USD 28,000, while its market capitalization jumped above USD 0,5 trillion.
At the time of writing (08:22 UTC), BTC trades at USD 27,838...
Bitcoin Nears USD 26K After Smashing USD 25K On The Same Day
26.12.2020
The most popular cryptocurrency, bitcoin (BTC), is on a Christmas bull run as its price hit USD 25,000 for the first time in its history today and jumped to almost USD 26,000.
At the time of writing (17:16 UTC), BTC trades at USD 25,813 and is up by 7% in a day and in a week. The price rallied...
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.
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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)...