Tag Archives: cryptocurrency

Institutional Investors Say They’ll Buy More Bitcoin: Survey

Institutional Investors Say They’ll Buy More Bitcoin: Survey

A new report from cryptocurrency insurance company Evertas suggests that institutional investors plan to increase their focus on crypto assets in the next five years. Evertas surveyed investors that oversee some $78.4 billion worth of collective assets, and 64% of respondents reported that they expect a slight rise in crypto investments from the likes of […]

ANALYSTS EXPECT BITCOIN TO DIP TO KEY “LIQUIDITY CLUSTERS” BEFORE RALLYING

ANALYSTS EXPECT BITCOIN TO DIP TO KEY “LIQUIDITY CLUSTERS” BEFORE RALLYING

Bitcoin has been facing some mixed price action as of late, with buyers and sellers both engaged in a heated battle for control of its near-term outlook Despite attempting to break below its last-ditch support between $9,900 and $10,000, BTC is now pushing back towards its key $11,000 resistance region Where the cryptocurrency trends next […]

Bitcoin ATMs Worldwide Pass 10,000 Milestone

Bitcoin ATMs Worldwide Pass 10,000 Milestone

The number of global Bitcoin ATMs hit 10,000 on Wednesday, seven years after the first machine was installed in Vancouver, Canada. According to Norwegian financial services company AksjeBloggen, the total number of Bitcoin ATMs has increased significantly in recent years—jumping 87% from the 5,336 recorded just a year ago. A reflection of the cryptocurrency space’s broader growth, […]

Mike Novogratz: “I Still Love Cryptocurrency”

Mike Novogratz: “I Still Love Cryptocurrency”

During his latest appearance on CNBC’s “Squawk Box,” Galaxy Digital CEO Mike Novogratz voiced his bullish Bitcoin sentiment, stating that he still loves cryptocurrencies as a hard asset despite a recent pause in the market rally. The former hedge fund manager also says that he has a “big gold position” while offering a bearish outlook on the U.S. dollar […]

Current Bitcoin Pullback Unlike 2018 Bear Market – Analyst Explains Why

Current Bitcoin Pullback Unlike 2018 Bear Market – Analyst Explains Why

Bitcoin has been on a continuous downtrend in the last 48 hours, losing 5% in just 24 hours. This has led to panic across the crypto community as uncertainty looms. Several key levels have been broken for several cryptocurrencies and Bitcoin isn’t left out. One analyst says however that this is a different pullback from that of […]

Max Keiser Discusses The Future Of Bitcoin Believing That As The US Dollar Goes Down, BTC Will Rise In Its Place

Max Keiser Discusses The Future Of Bitcoin Believing That As The US Dollar Goes Down, BTC Will Rise In Its Place

At the start of this week, things were looking up for the leading cryptocurrency. With a starting price of $11,900, things were looking up for bitcoin. This came especially after last week’s crash at $11,400 midweek. This quick recovery came after news of the FED planning to increase inflation. From here it was clear that the […]

Exciting Developments At Fidelity As A New Bitcoin Fund Has Been Filed For Launch

Exciting Developments At Fidelity As A New Bitcoin Fund Has Been Filed For Launch

Fidelity, one of the biggest and best-known asset managers on the globe has more than $8 trillion in customer funds. With this in mind, a writer for Forbes, Michael del Castillo recently broke news that the company had registered a new fund dedicated to bitcoin. The President of Fidelity and a director of digital friends, […]

Bitcoin’s Bull Run Is Slowing – Pullback Now Expected

Bitcoin’s Bull Run Is Slowing – Pullback Now Expected

Bitcoin (BTC) could be set for an imminent retracement as the uptrend that had its origins in March’s “Black Thursday” crash now looks to be running out of steam. Singapore-based QCP Capital warned its Telegram subscribers Wednesday that bitcoin was showing signs of “lethargy” as it struggled to capture any new highs. Bitcoin fell below the key […]

First Mover: As Wall Street Goes Topsy-Turvy, Crypto Traders Are Bullish as Ever

First Mover: As Wall Street Goes Topsy-Turvy, Crypto Traders Are Bullish as Ever

As the coronavirus takes its devastating toll on the U.S. economy, financial pros are increasingly confounded by the markets. The economy is in its worst shape since the early 20th century, and stocks are soaring. The U.S. government’s borrowing is expected to triple to a record $4.5 trillion this fiscal year, yet 10-year Treasury yields are close to historic lows. A report Thursday showed […]

Bitcoin Is a Form of Money, DC Federal Court Rules

Bitcoin Is a Form of Money, DC Federal Court Rules

Bitcoin is a form of “money” covered under the Washington, D.C., Money Transmitters Act, a federal court said Friday. In the case of United States v. Harmon, Chief Judge Beryl A. Howell wrote that money is “commonly means a medium of exchange, method of payment, or store of value.” “Bitcoin is these things,” Judge Howell added. Defining bitcoin as […]