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Bitcoin Drops Today While Market Optimistic About the ‘Main Bull Phase’


The most popular cryptocurrency bitcoin (BTC) corrected lower today despite positive news and generally optimistic sentiment in the market. At pixel time (17:25 UTC), BTC trades at USD 11,412, after reaching USD 11,930 earlier today. The price is down by 4% in a day, trimming its weekly gains...

Bitcoin News Roundup for Aug. 11, 2020


With bitcoin increasingly acting like gold and one company betting a quarter of a billion dollars on BTC, CoinDesk's Markets Daily is back for your news roundup!

Bitcoin Just Got USD 250m Endorsement From Major US Company


Source: Adobe/Prostock-studio US-based major business intelligence company MicroStrategy said it has purchased BTC 21,454 at an aggregate price of USD 250m, inclusive of fees and expenses. “Our investment in Bitcoin is part of our new capital allocation strategy, which seeks to maximize long-term...

These Two Institutional Investors Allocated At Least 1% To Bitcoin


Among the 20 recently announced institutional investors that invested in the Grayscale Bitcoin Trust (GBTC)'s shares, only two allocated more than 1% of their assets under management (AUM) to these shares in order to gain exposure to the price movement of bitcoin (BTC), according to calculations...

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