Bitcoin (BTC)

The recent price developments have not deterred institutional investors from allocating funds in bitcoin. Just the opposite, the latest major withdrawal from Coinbase to custody wallets worth $630 million became a fact earlier today, suggesting that institutions keep accumulating.Institutions Double-Down on BTCCryptoQuant’s CEO Ki Young Ju has repeatedly outlined the connection between bitcoin’s price and institutions using the largest US-based crypto exchange, Coinbase, to purchase more of...

There may be an end to the recent pullback if Bitcoin stays above $50K. Analysts are predicting a new high above $58,000.Bitcoin has once again exceeded $50K, putting an end to the current price pullback. The growth may also mark the end of a revival of the comprehensive uptrend.Bitcoin began this month positively after jumping more than 80% to $49,000. John Ng Pangilinan, managing director at Singapore-based Signum capital, said:“The correction looks to have ended with a move above...

Bitcoin is up by a solid 6% today as the primary cryptocurrency surged by over $3000 over the past 24 hours.Quick recap: bitcoin is recovering after a heavy correction over the past week, in which the cryptocurrency dropped by around 25% as it broke beneath the February ascending price channel (as shown on the daily chart below) and tumbled into the support around $43K – $44K.It managed to rebound nicely from there, breaking above a falling wedge, as we mentioned on Monday. After touching...

Ever since news emerged that Gary Gensler could be the new chairman of the SEC, crypto enthusiasts and analysts have praised this initiative as they see it as a big plus to the industry.During yesterday’s confirmation hearing for the post of the chairman of the Securities and Exchange Commission (SEC) Gary Gensler – the nominee for the position – said that “cryptocurrencies have been a catalyst for change.” He made this statement while responding to questions from members of the Senate on how...

Christopher Giancarlo, the former CFTC Chairman, also known as “crypto dad,” and the billionaire hedge fund manager Marc Lasry have reportedly invested an undisclosed amount in the cryptocurrency and blockchain investment company BlockTower Capital.Crypto Dad and Hedge Fund Manager Invest in Crypto FirmFounded in 2017, BlockTower is an investment firm focusing on allocating funds in various cryptocurrency and blockchain projects. The company has recently received backing and investment from...

Tron price remained stable above the $0.0420 support zone against the US Dollar. TRX price is now testing the $0.0480 resistance and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0480 on the 4-hours chart (data feed via Bitfinex). The pair could start a fresh rally if it clears the $0.0480 and $0.0500 resistance levels in the near term. TRON price is showing positive signs above $0.0420 against the US Dollar,...

Bitcoin price traded as low as $43,090 before correcting higher against the US Dollar. The recovered above $48,000, but it is facing hurdles near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $49,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a strong increase if there is a clear break above $50,000. Bitcoin price started an upside correction from $43,000 against...

Selon Coindesk et le média israélien Calcalist, PayPal serait actuellement en train de négocier l’acquisition de Curv, société spécialisée dans la conservation de cryptomonnaies, pour un montant allant de 200 à 500 millions de dollars selon les sources. Ni Curv, ni PayPal n’ont pour l’instant commenté cette information. Si elle se confirme, cette acquisition marque une nouvelle étape dans...

Bitcoin, despite a few ups and downs over the past week, appears to be doing quite well when compared with where it’s been in the past. No doubt the asset has proven itself in the past 12 months, and the currency is turning out to be one of the top assets a person can invest in. Sadly, not everyone is convinced, as according to a new survey, many of the world’s financial traders view BTC as being trapped in another bubble and feel its recent surges have nothing to do...

From both ends of the world, bitcoin is the target of much speculation. In the west, it appears to be the subject of positivity, with the likes of Citibank commenting that bitcoin is likely to be at the center of much cultural and revolutionary change. In the east, countries like China are looking to implement serious limits on bitcoin and crypto mining. With both sides offering opposing views, it looks like bitcoin has used this time to heal some of its wounds and...