Bitcoin (BTC)

Bitcoin made history these past few months. It broke its historical record, flirted with a 10x ROI in one year, its realized price also reached ATH, and it became the best performing asset of the decade.But is it a good investment overall? It all depends on the crystal you look at it with. For example, Gerald Moser, chief market strategist at Barclays Private Bank, thinks it’s not.Don’t Invest in BitcoinFor Moser, the price fluctuations associated with Bitcoin and other cryptocurrencies are...

DeAndre Cortez Way, better known by his stage name as Soulja Boy Tell’ Em (or just Soulja Boy), has initiated a Twitter conversation with prominent crypto individuals and hinted that he could explore launching his own digital asset.Interestingly, the rapper created a song dedicated to Bitcoin in 2018 in which he bragged about “stacking” and making “100 racks” in BTC.Soulja Boy To Create His Own Crypto?The Chicago-born rapper, songwriter, record producer, and actor asked the crypto community...

The end of January is likely to be a crazy time for bitcoin and its many fans. The asset will see approximately $3.7 billion worth of options expire on January 29, and many analysts are wondering what this will potentially do for the asset’s volatility. Will the currency spike like we’ve never seen, or will the price falter in some way?What Will Happen to Bitcoin When So Many Options Expire?As it stands, the many open contracts options available in the bitcoin space add up to just over $9...

At the time of writing, the price of bitcoin is going for just over $36,000. This is about $4,000 less than where it stood just over a week ago, and according to many analysts, unless bitcoin can strike the $40,000 mark again soon, things aren’t looking too good for the world’s number one digital currency by market cap.Bitcoin Needs to Jump Back Up… Or ElseStrategists at JPMorgan Chase & Co. suggest in a new report that many investors are only getting involved in the bitcoin and crypto...

The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC).BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the current capitalization of the entire cryptocurrency market.Now, the Wall Street giant has filed two Prospectus documents with the United States...

Mark Cuban hasn’t been a huge fan of bitcoin or the crypto space, but in a recent interview, he believes that anything based in decentralized finance (Defi) could potentially prove to be a gamechanger.Mark Cuban: Our Only Hope May Be in DefiIn the past, Cuban has often stated that he’d rather have “bananas” over bitcoin, claiming that the latter is not a store of value like so many other people think and that it wasn’t likely to serve as a problem solver during “doomsday” scenarios. Now, he’s...

ETH/USD – Ethereum Retreats From Yesterday’s ATHKey Support Levels: $1275, $1230, $1200.Key Resistance Levels: $1350, $1400, $1424.Yesterday, ETH surged by a strong 12%, which allowed it to climb above a consolidation pattern and hit the previous ATH price. It even set a new ATH marginally higher, around $1439, before coming back down to close the day at about $1380.Today, Ethereum retreated and dropped by 8%. This was largely caused by a sharp drop in the price of Bitcoin, which also fell by...

Bohdan Prylepa believes that the biggest strength of Blockchain comes from the fact that it is run by its users.2020 has been an exciting year for crypto-enthusiasts and blockchain investors. The total market capitalization of more than 8,100 cryptocurrencies has been hovering near the mark of $700 billion. At the beginning of 2020, the combined market capitalization of the crypto universe was less than even $200 billion. Riding on the back of Bitcoin’s fierce bull run, the market scaled new...

Although bitcoin has retraced following its all-time high of $42,000 earlier this year, CryptoQuant’s CEO predicted further bearish price developments for the asset. He based his short-term prediction on the growing number of BTC whales depositing on various cryptocurrency exchanges.Whales Prepare To Dump On Coinbase?Ever since BTC skyrocketed to its newest ATH of $42,000 in early January, the cryptocurrency has failed to maintain its advance. Just the opposite, bitcoin dipped on a few...

Recent news from global cryptocurrency exchange Huobi has seen the platform announce user support for the Russian Ruble (RUB). This latest development will mean that Huobi users can now withdraw and deposit in Russian Rubles. This is, of course, great news for the long-term success of the exchange itself and also users there who have been waiting for RUB support on the platform. This is not the only new announcement made by the company though. They have also released details of users now...