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Cryptos Rally off Equity Markets and Institutional Interest
- March 2, 2021
- Posted by: admin
- Category: Bitcoin News
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The Crypto market rose on Monday as new macro factors and institutional interest weighed in. Cryptos Recover from Selloff Following last week’s sell-off, Bitcoin and the broader crypto market rallied alongside the US equity markets. Bitcoin (BTC) retraced back up to $49,000, with Ethereum (ETH) recovering to $1,500. The biggest crypto names all recovered to
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Nearly 20% of Bitcoin Supply Hasn’t Budged In 7 Years
- March 2, 2021
- Posted by: admin
- Category: Bitcoin News
Bitcoin price is appreciating at full steam because the market consists of nothing but buyers at the moment. Those who already own the abundance of the currently circulating supply are holding strong and refusing to sell. However, data shows that nearly 20% of the entire circulating supply hasn’t moved in seven years. Are those coins
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Shark Tank’s Kevin O’Leary allocates 3% of portfolio to Bitcoin
- March 2, 2021
- Posted by: admin
- Category: Bitcoin News
Popularly known as “Mr. Wonderful,” O’Leary was earlier skeptical about the crypto sector but he seems to have turned around on that thought. Shark jumps into Bitcoin Kevin O’Leary is the latest high-profile investor to do a 180-turn on Bitcoin. He revealed an investment into the asset in a tweet yesterday, despite holding a negative
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New Indicators Point to Bitcoin Sell-off Slowing Down
- March 2, 2021
- Posted by: admin
- Category: Bitcoin News
New Indicators Point to Bitcoin Sell-off Slow Down As Bitcoin recovers from recent lows of $43,500, new indicators have shown that the sell-off may be slowing down. SOPR dips in “full reset” For the first time since September 2020, the SOPR (Spent Output Profit Ratio) indicator dipped below 1. This indicator, which tracks the variation
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Bitcoin Analyst Sees “Aggressive” Bull Run Towards $64,000; Here’s Why
- March 2, 2021
- Posted by: admin
- Category: Bitcoin News
Bitcoin prices could undergo an aggressive bull run in the coming sessions, with their upside price targets lurking anywhere between $60,000 and $64,000. The bullish analogy comes from TradingShot, an independent analytics firm known for accurately predicting Bitcoin’s previous close above $50,000. Their analyst noted that BTC/USD has been trading inside an ascending channel range,
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Why The Bitcoin Price Recently Found Support At $46K
- March 2, 2021
- Posted by: admin
- Category: Bitcoin News
After plummeting from $46k to $43k on Sunday, Bitcoin managed to hold onto the critical support level of $46,000. Breaking Down Bitcoin’s Price Action Down 20% from its all-time high reached earlier this month, Bitcoin finds itself in correction territory – a sharp change from the almost uninterrupted year-long bull run. With a relative strength
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Citi’s Bitcoin Report Does Little in Offsetting Yield Fears; Price Down Again
- March 2, 2021
- Posted by: admin
- Category: Bitcoin News
Bitcoin kickstarted the week with an incredible recovery rally, negating a considerable portion of its losses from the previous weekly session against a downside correction in US bond yields. Nevertheless, the flagship cryptocurrency’s intraday bull run failed to garner further higher bids on Tuesday. A sell-off at the local top ensued due to profit-taking sentiment,
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Miami Mayor responds to Yellen saying Bitcoin is worth studying
- March 1, 2021
- Posted by: admin
- Category: Bitcoin News
Miami Mayor Francis Suarez addressed Treasury Secretary Yellen’s recent Bitcoin snub, saying he isn’t surprised she is hostile towards the leading cryptocurrency. Expanding further, he said Bitcoin’s separation from the state is why investors flock to it in the first place. And when asked about his apparent tolerance for high-risk, Suarez replied by saying all
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Shark Tank Investor Shifts Portion of Portfolio To Bitcoin and Ethereum
- March 1, 2021
- Posted by: admin
- Category: Bitcoin News
Although Bitcoin couldn’t hold above the $1 trillion market cap for very long, doing so in the first place might have been a turning point for even the most skeptical investors. It has even caused one Shark Tank investor to change his tune, shifting a portion of his portfolio into the highly volatile asset. Here’s
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Citibank presents its “bull case” for Bitcoin, but also cautions of risks
- March 1, 2021
- Posted by: admin
- Category: Bitcoin News
US bank Citibank said that macro conditions have created a “tipping point” for the world’s largest crypto asset. Opportunity and risks Citibank analysts said Bitcoin is poised to become the world’s “currency of choice” for global trade and that the asset has reached its “tipping point,” as per a research report to clients on Monday.
