Bitcoin (BTC)

Bitcoin’s price went through a near-term pullback that was largely driven by leverage long liquidations. It sent the open interest down $1.5 billion. There are no signs of aggressive distribution from long-term holders (LTHs) aside from very light selling from the 7-to-10-year cohort. Older coins didn’t send through this pullback. The cup and handle pattern looks complete with a backtest of the previous resistance at $64.8K, which is now turned into support. Chart by...

Nouvel ajout à la liste des établissements français qui acceptent le bitcoin : Crypto World, tee-shirts, mugs, casquettes, coussins, stikers et affiches sur le thème des cryptomonnaies. « Nous nous efforçons de proposer des produits aux designs uniques en collaboration avec des illustrateurs et dessinateurs Français ou encore des réalisations sur mesure en collaboration avec des couturières de...

Ken Griffin – Founder and Chief Executive Officer at the multinational hedge fund Citadel LLC – remains skeptical on bitcoin and its use cases. He believes that another cryptocurrency project such as Ethereum will become the most dominant in the digital asset universe. Bitcoin Might Be Replaced at the Top Despite its ups and downs throughout the year, bitcoin has more than doubled its value in the past eleven months. Institutional adoption and significant support from...

Following yesterday’s price increases and new records, the world’s largest digital asset manager reached an ATH of its own in terms of AUM by topping $60 billion. Interestingly, if the company operated as an exchange-traded fund, it would have been the 19th-largest. If ETF, Grayscale Would Be in Top 20 Launched in 2013, Grayscale is the largest cryptocurrency asset manager with an AUM of over $60 billion as of yesterday’s update. To have a clear view of this meteoric rise,...

EOS price started a downside correction from the $5.40 resistance against the US Dollar. The price is now trading above $4.50 and the 55 simple moving average (4-hours). There is a crucial expanding triangle forming with support near $4.70 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could accelerate higher if it clears the $5.10 and $5.20 resistance levels. EOS price is showing positive signs above $4.60 against the US Dollar, similar to...

Litecoin price found support near $200 and started a fresh increase against the US Dollar. LTC price is now trading above $220 and the 55 simple moving average (4-hours). There was a break above a key declining channel with resistance near $200 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to rise towards $320 unless it fails to stay above the $220 level. Litecoin price is climbing higher above $240 against the US Dollar,...

Today was looking to be a good day for Bitcoin and the entire cryptocurrency market, but the bears had a mind of their own. Earlier today, we reported that Bitcoin’s price painted a new all-time high above $69K, while the remaining cryptocurrencies were also painting notable increases. Fast forward a few hours later, though, and we’re now looking at love $700 million worth of liquidated positions as BTC takes a nosedive and dips below $63K. Chart by TradingViewEven though the...

Analysts are claiming that an Ethereum-based futures exchange-traded fund (ETF) could be released as early as the first quarter of next year. The Possibility of an Ethereum ETF? The big news in 2021 is that a bitcoin ETF has finally made it to market. The product was released just a few weeks ago by a company called Pro Shares. It began trading on the New York Stock Exchange (NYSE) and received positive reviews from analysts and traders alike. However, there was one big...

The Austrian authorities will reportedly tax bitcoin and the altcoins with the same percentage rate as mainstream stock and bond investments starting from March next year. Bitcoin to Be Like a Stock Investment A recent Bloomberg report reads that Austria wants to create fairness between the different classes of assets and impose a 27.5% capital gains tax on all of them, regardless of being stock, bond, or cryptocurrency investments. The Finance Ministry commented: “We are...

Many crypto analysts believe the digital currency space is likely to hit $3 trillion in the coming weeks given how many assets – including Ethereum, Solana and Binance’s BNB Coin – have experienced heavy price surges. Ethereum and Other Assets Are Pushing Ahead These, along with several other currencies, have experienced “double-digit” gains over the past few weeks. In addition, bitcoin has been scaling back, which has ultimately given many of the world’s smaller tokens...