Tag Archives: BTC

Bitcoin in Pullback Mode, Support at $40K-$42K

Bitcoin in Pullback Mode, Support at $40K-$42K

Initial support is seen at $40K-$42K, which could stabilize the pullback. Bitcoin (BTC) sellers were active over the weekend as the cryptocurrency’s price dipped below the 200-day moving average at $45,000. Initial support is seen in the $40,000-$42,000 range where a breakout occurred on Aug. 6. The $50,000 resistance level was tested several times over […]

CIO of $9.5 Trillion AUM Asset Manager BlackRock Says They Own Some Bitcoin

CIO of $9.5 Trillion AUM Asset Manager BlackRock Says They Own Some Bitcoin

Earlier today (September 9), Rick Rieder, a Managing Director at BlackRock, the world’s largest asset manager, explained during an interview why his firm owns some Bitcoin. BlackRock, which was founded in 1988, started with just eight people working in one room. It made its Initial Public Offering on the New York Stock Exchange on 1 October 1999 at […]

Bitcoin Now Legal Tender in El Salvador, Marking World First

Bitcoin Now Legal Tender in El Salvador, Marking World First

In a show of support, crypto proponents are buying $30 worth of bitcoin to commemorate the occasion known colloquially as “Bitcoin Day.” Bitcoin is now officially legal tender in El Salvador, three months after the Bitcoin Law passed the country’s legislature. While the move marks a world-first, El Salvador’s President Nayib Bukele said in a tweet the […]

Morgan Stanley Loads Up on $240 Million in Grayscale Bitcoin Shares

Morgan Stanley Loads Up on $240 Million in Grayscale Bitcoin Shares

Morgan Stanley’s recent purchases would make the investment bank the second-largest holder of Grayscale Bitcoin Trust (GBTC). In brief Morgan Stanley is one of the largest investment banks in the U.S. It’s increased its GBTC investments by a considerable sum. Many Bitcoin users hold themselves in opposition to big banks. One of the biggest, Morgan […]

Bitcoin Eyes 200-Day Moving Average Support as $2B Options Expiration Nears

Bitcoin Eyes 200-Day Moving Average Support as $2B Options Expiration Nears

The max pain price for Friday’s bitcoin options expiry is $44,000. Bitcoin is again experiencing moderate price turbulence heading into the monthly options expiration. The cryptocurrency is trading at about $47,000 at press time, representing a 4.4% drop on the day, CoinDesk 20 data show. The decline has reversed Wednesday’s 2.7% gain and exposed bitcoin to […]

Bitcoin on Longest Weekly Winning Run in 9 Months Ahead of Jackson Hole Symposium

Bitcoin on Longest Weekly Winning Run in 9 Months Ahead of Jackson Hole Symposium

The dollar may depreciate after Friday’s event, triggering renewed inflows into bitcoin and equities. Bitcoin has chalked up an impressive rally ahead of the Federal Reserve’s annual economic symposium in Jackson Hole, Wyo., on Friday. Analysts say the virtual event could strengthen cryptocurrency’s bullish trajectory. Bitcoin was trading at a three-month high of $50,200 at press […]

Bitcoin Breaks $48K for First Time Since May

Bitcoin Breaks $48K for First Time Since May

“The institutional world is turning cautious on stocks and that is making cryptocurrencies look very attractive,” said one analyst. The world’s largest cryptocurrency is up 6% over the last 24 hours and has broken the $48,000 mark for the first time since May. At press time, bitcoin (BTC, +4.72%) was trading at $48,748 according to CoinDesk 20 data. […]

Bitcoin Gets the ‘Pokémon GO’ Treatment in New Rewards App From Fold

Bitcoin Gets the ‘Pokémon GO’ Treatment in New Rewards App From Fold

The popular bitcoin rewards startup is using augmented reality (AR) in a bid to make crypto fun for the masses. Crypto rewards app Fold is trying out a new way to get its users excited about bitcoin (BTC, 0%): an augmented-reality crypto scavenger hunt in the style of “Pokémon GO.” Fold’s AR feature allows users to explore their […]

SEC Needs Clear Authority Over Crypto Platforms, Gensler Says

SEC Needs Clear Authority Over Crypto Platforms, Gensler Says

The SEC chair spoke of the agency’s desire to “stitch together” consumer protection for tokens sold as securities and tokens sold as commodities. The U.S. Securities and Exchange Commission (SEC) needs clear authority over platforms that trade or lend crypto, Chair Gary Gensler said. Talking to CNBC’s Squawk Box Wednesday, the SEC chair spoke of the agency’s […]