When the third halving took place on 11 May 2020, Bitcoin and Gold were correlated. Today, on the 12th day since Bitcoin hit a new ATH on the price charts, Bitcoin and Gold are uncorrelated. The reversal in the said correlation is incredible, but there is a historical precedent here too. After all, this is...Read More
A survey compiled by the multinational investment giant Deutsche Bank concluded that more than half of investors believe bitcoin and US tech stocks to be the biggest market bubbles. Consequently, the participants, most of whom are professional investors, predicted subsequent corrections. Bitcoin Is The Biggest Market Bubble? The primary cryptocurrency has been on a tear...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin’s price was trading above $35,000 at press time, with the cryptocurrency aiming to head higher as it bounces off a consolidation pattern on the charts. This pattern suggests that the consolidation might keep...Read More
Despite being an underdeveloped region, Latin America sets an example for the whole world in terms of adoption, trading, and interest in cryptocurrencies. A recent survey revealed that more than 30% of Latinos are interested in investing in crypto, either to increase their wealth or at least to maintain its value in times of economic...Read More
Blockchain analysis firm Chainalysis found that cryptocurrency-related crimes fell by more than 53% last year and that crypto activity that was connected to crimes was a mere 0.34% of transaction volume or $10 billion worth of transfers. This is still much lower than criminal activity numbers reported in 2019, which represented 2.1% ($21.4 billion) of...Read More
Bitcoin climbed to its new all-time high on 9 January 2021 and at press time, it seemed like it might be Ethereum’s turn to set a new ATH of its own, three years on from its previous one. Beginning the day at just over $1,250, one can argue that breaching its old ATH and setting...Read More
UK’s National Health Service is planning the implementation of an Internet of Things project to build and manage COVID-19 vaccine provisions. The solution will use a pubic distributed ledger network – Hedera Hashgraph. Monitoring COVID-19 Vaccines Supplies Using DLT According to an official announcement, the UK’s National Health Service (NHS) will aim to digitally monitor its...Read More
A new survey by Deutsche Bank recorded investors’ opinions on Bitcoin. Respondents were asked specifically about the digital asset as well as electric car company Tesla. More than half of people surveyed (about 56%) now think that Bitcoin and Tesla are more likely to halve than double in value. Source: Twitter A majority of respondents...Read More
Bank of America’s monthly survey revealed that the long position in Bitcoin is the most crowded trade as of January this year. This would be the first time that the leading asset has replaced ‘long tech’ from the first place. Additionally, short US dollar is the third most crowded trade according to the survey. Trade...Read More
Over the past week, a couple of market contradictions shook the Bitcoin industry. After a rally that had been ongoing since Q4 of 2020, BTC finally recorded a weekly loss for the first time since September 2020. However, while the crypto-asset consolidated under the resistance level of $36,500 for a majority of the time, its...Read More
Trading above $35,000, Bitcoin continues to pass milestone after milestone as reports show that the cryptocurrency received the most capital inflow this month compared to tech stocks and traditional investments. Long Bitcoin Wins Most Crowded Trade A recent survey conducted by the Bank of America on fund managers with over $500 billion in AUM reveals...Read More
While Bitcoin’s price has more than doubled from its previous all-time high of $19,666 for the first time in almost 3 years, not a lot seems to have changed for India. For a country with 1.35 billion in population and a GDP of $2.7 trillion, getting on board with cryptocurrency aka digital/virtual currency seems to...Read More
The leading digital asset manager Grayscale continues to tighten its grip on the bitcoin supply. According to recent estimations, the company now owns over 3% of all the 21 million BTC that will ever exist. Grayscale’s BTC Domination Launched in 2013, Grayscale is the largest cryptocurrency asset manager with over $27 billion in assets under...Read More
The cryptocurrency asset manager announced the release of a new Bitcoin exchange-traded product (ETP), in which every unit will be backed by 0.001 BTC. The custodian will be a joint venture developed by CoinShares, Nomura Holdings Inc, and Ledger. According to a Bloomberg report, CoinShares’ newest Bitcoin-related product will go live today – January 19th,...Read More
Cybersecurity research company Gemini Advisory found that Joker’s Stash, a dark web carding marketplace will reportedly shut down by next month. Their blog carried a note from the infamous marketplace’s administrator who claimed that he was now retiring. The reason behind the sudden decision to close the forum remains unknown. However, Gemini Advisory’s research team believed...Read More
Amid the recent warnings issued by the UK Financial Conduct Authority on crypto scams, the giant asset manager Ruffer Investment has defended its decision to allocate about 2.5% of its portfolio in BTC. The UK-based company with over $27 billion AUM said that bitcoin’s adoption is still early as most investors are “desperate” for alternative...Read More
A cryptocurrency trader based in Australia filed a complaint against two local banks in the region for systematic discrimination practices after these entities allegedly closed his bank accounts without issuing any warning. The trader named Allan Flynn has filed for proceedings against commercial banks ANZ and Westpac and wants compensation of about $192,000. Flynn claimed...Read More
In 2020, quite a few radical shifts in trend took place in the cryptocurrency industry. While Bitcoin managed to witness another all-time high in December, Q1 of 2020 also saw Bitcoin drop down to the $4000 level. During that time, Bitmex faced an infamous DDoS attack, which led to a significant loss for a group...Read More
Bitcoin has to endure and overcome the $40,000 boundary in order to avoid a consequent major price correction. JPMorgan strategists say that otherwise, the major cryptocurrency might suffer investment outflow. The $40K Is the Key to Future Prospects for BTC According to a JPMorgan Chase & Co report, cited by Bloomberg, this level is an...Read More
Bitcoin price seems ready for a drop leading to increased volatility and a revisit of $30,000 or a drop of 10% to 12% cannot be ruled out. Not just one but many indicators point to the bearish drop for bitcoin in the near term. Bitcoin on-chain indicator The SOPR indicator is a classic on-chain indicator...Read More
Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining. 45,000 BTC Mining Machines Confiscated In Iran Local media outlets reported that the police had seized...Read More
The 2021 bull run of Bitcoin has pushed the digital asset to an unknown territory with regard to price discovery. The current value of the digital asset has been dropping and reached $35k which is still a price level unseen during the previous bull run. There has been a consensus in the market that this...Read More
The support of top payment giants like PayPal is promising for building the case of mainstream Bitcoin payments. However, Bitcoin’s rapidly increasing price in the USD poses a tough challenge for the adoption of Bitcoin denominated payment systems. A number of altcoins are rallying alongside Bitcoin, and making payments in cryptocurrencies may not be the...Read More
After an action-packed week, Bitcoin is trading at $35468 after having endured a flash crash. However, the price action left traders asking why the flash crash in Bitcoin took place? Also, does this mean the rally is over and it was over-extended? As per the data, there may have been excessive speculation in Bitcoin’s price,...Read More
The cryptocurrency market has enjoyed the past several months with impressive gains, including all-time highs for bitcoin and several more tokens. As such, a couple of crypto analysts initiated Twitter polls to ask the community when they plan to sell their positions and realize profits. How Much Would You Sell At The Next BTC Top...Read More
The latest headlines are filled with posts about Bitcoin’s halving and its impact on Bitcoin’s price. These are popular facts and repeated several times as arguments for Bitcoin’s recent price rally. The repetition may have become so cruel, that memes on these facts are doing the rounds on Crypto Twitter. But the real question one...Read More
Bitcoin’s price was stumbling to lower levels after it hit an all-time high of $42k. The largest digital asset managed to retrace its steps to $38k recently, before witnessing another fall. However, this time around, this drop in price was an opportunity for the institutions to bag even more BTC. Grayscale has been one such...Read More
The demand and supply have been holding up the economics of traditional finance and the crypto market has also been abiding by it. Bitcoin, which managed to return over 300% in 2020, has been recognized as a store of value by many investors as they continue to include a high number of Bitcoin in their...Read More
Neither Bitcoin nor any of the market’s popular altcoins are the best bets to yield maximum returns. Yes, Bitcoin has more than tripled in the last year and yes, it is expected to do something similar over the next bull run, but it won’t do as much as the backbone of the Bitcoin industry –...Read More
The comparison between Bitcoin and Gold is as mainstream as Bitcoin itself. However, despite the decoupling of the two assets, the group of interested and active investors in both is nearly the same and there is an overlap. In fact, traders and analysts on Crypto-Twitter have been going on about the two assets for over...Read More
