Bitcoin’s recent push higher has made some investors look ahead, speculating as to what comes next if the leading cryptocurrency manages to set new year-to-date highs. One crypto-asset trader believes that should BTC surmount its summer highs of $12,500, $13,000 will be crucial to watch. The trader shared the chart below on Read more…
Currently BTC/USD is hovering around the $10,880 level after touching the daily high of $10,947. Although, there is a lot of sluggishness in the market as neither the bulls nor the bears are looking to hold the price by the scruff of its neck. Actually, all this may soon change, though. Read more…
Payments company Square made waves on Thursday after its surprise reveal of a $50 million bitcoin purchase. The details were included in a white paper published alongside the news, which provided details on Square’s investment thesis, how it approached the buying process and the method by which it’s actually keeping those bitcoins Read more…
Bitcoin and the entire crypto market have been caught within a bout of sideways trading throughout the past several days and weeks, with both sides being unable to garner any clear momentum. This has created one of the tightest consolidation channels BTC has seen in months, which could indicate that the next Read more…
Bitcoin (BTC) price is trading sideways but still above the 200-DMA at $10,500. The long-term prospect for Bitcoin’s mass adoption may be accelerated by social media, according to Jack Dorsey, co-founder and CEO of Twitter. Social media platforms will be shaped by Bitcoin and crypto Dorsey said the future of the social media Read more…
Investor reveals strategy that gave him million-dollar profits in Bitcoin. Bitcoin price with support at $10,420 could go up to $11,000. Legendary Bitcoin investor Chamath Palihapitiya has published the secret that allowed him to make a $10 billion profit in Bitcoin. The investor made a big bet in 2012 and 2013 to Read more…
Failing banking safeguards Prepare to be disappointed Some of the largest banks in the world, including s JPMorgan Chase, HSBC, and Deutsche Bank, allowed criminals to launder almost $2 trillion (£1.5tn) of ill-gotten money from 1999 to 2017, according to the leaked FinCEN files that were obtained by BuzzFeed News. The Read more…
This week, bitcoin jumped higher. Yesterday, the digital asset even briefly hit $11,000. However, BTC slowly made its way below $11k today but is still trading above $10,800. Going forward, $11,600 is “strong resistance” for bitcoin, and if the digital asset closes above this level, while ETH/BTC is below 0.036, “btc turbo Read more…
A hedge against “massive” inflation Cramer’s kids will not understand gold CNBC’s veteran Jim Cramer claims that the $3 trln relief package made him change his mind about Bitcoin, the world’s largest cryptocurrency by market cap. “For a long time, people would say ‘well, how about Bitcoin’, and I said Read more…
An analyst has observed that Tesla’s recent stock action has closely resembled Bitcoin, suggesting that the electric car maker’s stock is currently in a bubble. Julian Bridgen, the co-founder of macroeconomic research firm MI2 Partners, says Tesla’s price behavior is comparable to that of Bitcoin in 2017 when it hit Read more…