A month after crypto fund manager Bitwise surpassed $500 million in assets under management (AUM), the asset manager now filed for regulatory approval to list its Bitcoin fund on OTC markets. If the fund gets the green light, it plans to offer Bitcoin exposure to investors at lower-cost with an expense ratio that is 0.50%...Read More
Dealing with market volatility is common in the case of Bitcoin and the current narrative is heading in a similar direction. While the market is still in a considerably bullish bracket, the likelihood of a reversal keeps floating about in the space. Now, according to recent data, a major change may be afoot, one that...Read More
Business intelligence firm MicroStrategy acquired additional Bitcoin worth about $10 million in cash on 2 February. The company made the purchase at an average price of approximately $33,810 per Bitcoin. The development follows MicroStrategy’s earlier purchase made on 22 January 2021. According to its last announcement, MicroStrategy acquired $10 million worth of Bitcoin, paying roughly $31,808...Read More
Grayscale has been at the head of a lot of Bitcoin-related developments over the past few months. It is in the news again today after its GBTC premium turned negative for the first time after its launch in 2013. The aforementioned premium represents an “overpayment” on behalf of mostly institutional buyers that seek Bitcoin exposure,...Read More
Gold and Bitcoin supporters are likely to keep arguing with each other as both gold advocates and Bitcoin maximalist stick to their own school of thought. Recently, MicroStrategy CEO, Michael Saylor predicted that in the future, investors are more likely to opt for Bitcoin over the yellow metal. In an interview with Andrew Henderson of Nomad...Read More
Cryptocurrencies ranging from Bitcoin to joke, token Doge, have seen much mainstream support in the past week. After Elon Musk said “he was a supporter of Bitcoin” and OnlyFans star Mia Khalifa bought Doge, another new celebrity has shown support for the coins. This time it was Gene Simmons, from the rock and roll band...Read More
Apart from the on-chain factors that drive Bitcoin’s bull run, a few external indicators that precede every bull run have made the headlines yet again such as a bill on a probable cryptocurrency ban in India, the Chinese new year FUD, exchange outages like Coinbase and Binance, and altcoin price rallies, etc. Once the sell-off...Read More
Bitcoin is currently trading at $33831 after a highly volatile and eventful week. Before the weekend, Elon Musk’s tweet led to a massive surge in price, bringing it closer to $40000 level. However, there is consistent resistance and the price dropped to $33000 before it would hit the ATH. There were several metrics hinting at...Read More
Bitcoin’s price rallied to $37900 and as momentum built up, the asset was ready to cross $40000 with a 17.8% increase in a single day. However, a sell-off led to a price drop to $33000 level. As Bitcoin rallied there were metrics that offered buying opportunities and shorting opportunities throughout the rally, on the way...Read More
Although major entrepreneurs have shown their support for Bitcoin, regulators, at least in Ireland, seem to have taken a step away from the asset. According to the governor of the Irish central bank, Bitcoin investors must be prepared to “lose all their money.” The governor, Gabriel Makhlouf said he was worried about consumers making the...Read More
It looks like Bitcoin is getting closer to mainstream adoption. Now that even Elon Musk endorsed the popular asset on his Twitter bio, the asset’s price surged by 19% to reach $37,000 during the day. However, in the last hour, at press time, the digital asset fell by 2.6%, which gave many a reason to...Read More
According to a recent research report by Bridgewater Associates, Bitcoin’s price could theoretically rise by at least 160% if allocations towards gold are diversified into Bitcoin instead. Exploring a hypothetical scenario where investors move some portion of their gold holdings into the cryptocurrency, the Bridgewater analysts concluded that this would hike the price of the...Read More
Bitcoin has grown by leaps and bounds over the past year. However, as is often the case, growth and attempts to regulate often go hand-in-hand, with the past year also seeing increasing efforts at regulating the crypto-market in a bid to curb bad actors and crimes like money laundering. Towards the end of 2020, the...Read More
Open interest in Bitcoin Futures is back to above $10.3 billion, a figure the charts last noted well before its most recent ATH. Interestingly, with Bitcoin trading at just over $35,500 at press time, one can also see that institutional demand for Bitcoin hasn’t dropped completely either. In fact, it is around to support Bitcoin...Read More
Bitcoin’s price had crossed $35,000 at press time (On the back of Elon Musk’s Twitter update), amid high volatility on the stock and crypto-market as the likes of GameStop Corp and Dogecoin pumped across the board over the last 24 hours. According to many on-chain analysts and market watchers, this surge in trade activity is...Read More
As GameStop GME stocks surged from $19.79 to a high of $380, in the past week, Hedge fund Melvin Capital and Citron Research lost billions due to the WSB short squeeze. However, this week has been about the Reddit community of day traders, WallStreetBets or WSB that undoubtedly, for better or for worse, made its...Read More
Elon Musk, popular tech entrepreneur and Tesla CEO, is making waves yet again after he changed his Twitter bio to include “Bitcoin.” Right now, the said bio shares a distinct similarity with the one owned by Twitter CEO Jack Dorsey, who himself is a Bitcoin proponent. What is even more newsworthy, however, is the fact...Read More
Bitcoin is undergoing yet another volatile phase amid FUD and anticipation of the Chinese New Year’s influence on markets. The asset’s price even slipped as low as under $30,000 from its earlier range of $34,000 and more. Recently, Eric Peters, CEO of Connecticut-based OneRiver Asset Management seemed to assure investors and traders that the volatility...Read More
Historically, the Chinese Lunar New Year or Spring Festival has influenced the Bitcoin market. Most often, the asset’s prices dip in the days leading to the event, over the years. Analyst at Singapore-based Stack Funds shed more light on Bitcoin’s performance with regard to the upcoming holidays. Head of research Lennard Neo expected market selling...Read More
Coinbase has officially announced its plan to go public by way of a direct listing, according to a blog post on Thursday. The post stated: Coinbase Global, Inc. today announced its intent to become a publicly-traded company pursuant to a proposed direct listing of its Class A common stock. Such proposed listing is expected to...Read More
Bitcoin’s price endured quite a few price corrections after it touched its most-recent ATH around the $42,000-mark. Corrections would be an understatement, perhaps, since Bitcoin’s price has fallen by over 15 percent in the last three days alone, with the cryptocurrency trading at $31,181 at press time. Understandably, BTC’s performance has fueled speculations that the...Read More
Bitcoin‘s recent all-time highs definitely grabbed the attention of global market watchdogs. Although the crypto-market may be going through a period of corrections, its potential has alerted Central Banks across the world. In fact, while the attention it received brought a lot of support, regulators have also increasingly been taking note of the legal functioning...Read More
GameStop took over the Internet and stock market alike, as shares of the video game retailer surged over 400% this week and nearly 1,750% this year. Meanwhile, shares of AMC Entertainment ballooned 300% over the week. However, reports state that brokers have paused trading activity for GameStop, AMC Entertainment, BlackBerry, and Koss on 28 January....Read More
A new survey in UK found that about a third of British people are keen on investing in cryptocurrency but a majority of them do not understand the digital asset’s market conditions well enough to actually make investments. According to the national wide survey, 31% of British people are curious about crypto, however, 62% said...Read More
It seems that MicroStrategy CEO, Michael Saylor knows a thing or two about Bitcoin that most traditional investors overlook. In a recent interview with Unchained’s Laura Shin, the CEO claimed that people were missing out on a “fundamental issue” about the asset, and instead, they focused on Bitcoin’s technicalities. The chief exec believed that if...Read More
An interesting observation was put forward by Quantum Economics’ Mati Greenspan yesterday. The popular analyst observed that after Bitcoin touched its latest ATH at $42,000, Ethereum registered three new ones in the same timeframe. Albeit the press time corrections, Ethereum has been performing really well in 2021. With its valuation continuing to consolidate near its...Read More
Bitcoin breaching the $40,000-mark re-ignited levels of interest last seen in 2017, especially since more and more institutions and investors are now flooding in with keen interest. Both retail and institutional demands are rising today and as a result, crypto exchange-traded products or ETPs are thriving in the process. In fact, recent reports also suggested...Read More
Stablecoins were adding $100M in market capitalization nearly every day back in June 2020. When expressed in big picture terms, the cumulative market capitalization rose from $9.4B in June 2020 to $35.4B in January 2021. On the contrary, DeFi projects’ TVL hiked by over 2500% from June 2020 to January 2021. Now, though DeFi projects’...Read More
eToro faced some technical issues today on 27 January. Several users took to Twitter to complain that they were unable to use the app. This was later confirmed by the eToto team which acknowledged the matter and said on Twitter: We’re aware that some users are unable to close positions on eToro. We’re aware that...Read More
Over the past decade, many organizations have attached themselves to the functionality and value of Bitcoin, but perhaps none can eclipse the presence and impact of Grayscale investments. While Grayscale went on a Bitcoin accumulation spree towards the 2nd half of 2020, its involvement in the development of other crypto-financial products went slightly under the...Read More
