Bitcoin (BTC)

With bitcoin moving so stealthily over the past few weeks, it seems like several businesses are looking to get their hands on it and add it to their growing portfolios. One such company is intelligence software firm MicroStrategy Inc., which recently spent $250 million on roughly 21,000 bitcoin units.MicroStrategy Is Heading the Bitcoin GameAt the time of writing, bitcoin has suffered another disastrous drop of about $600, falling from the high $11,900 range into the low $11,300 range. It’s...

Cryptocurrencies are still correcting before another attempt to start a new bullish impulse. In charts of many cryptoassets, they are forming a Triangle pattern, a breakout of which to the upside may lead to the continuation of the current trend.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Cryptocurrencies are still correcting before another attempt to...

Binance has managed to establish itself as one of the most trusted and the leading cryptocurrency exchange in the field.One of the reasons for this is that the company doesn’t stop building new products. From regular listings of new cryptocurrencies to staking, and building new trading features, it appears that there’s always something brewing over at Binance.The latest addition is something that BitMEX is known for – Bitcoin-collateralized futures contract with extremely high...

After climbing an impressive $440 open interest in June, CME Bitcoin futures recently hit a new record high. Deribit has larger figures.Institutional interest in Bitcoin (BTC) continues to grow as CME futures hit a record high of $841 million. Open interest in the Chicago Mercantile Exchange(CME) BTC futures hit the new all-time high on Wednesday. According to a Cointelegraph report, the increase shows that the interest of professional investors in BTC continues to soar impressively.On August...

Tezos increased by 8% today as the coin reached the $4.40 level, which is the all-time high recorded two days ago.Against Bitcoin, Tezos surpassed 38,000 SAT and recorded its highest level against Bitcoin since February this year.XTZ/USD – Bulls Seek For New All-Time HighKey Support Levels: $4.00, $3.91, $3.58.Key Resistance Levels: $4.45 (current all-time high), $4.60, $4.80.Tezos has surged by a solid 35% this week as the coin pushed higher. The coin reached the $4.26 (1.414 Fib Extension)...

On August 2 the price on Ethereum hit an all-time high of $420. Despite the rapid ETH price fluctuations investors are still very optimistic about its future.The world of cryptocurrencies has been quite stagnated for quite some time now. The big names in the market – Bitcoin, Ethereum, and others – had been registering alarmingly low marks for several months. However, cryptocurrency analysts had been expecting the market to become bullish and the signs of this have begun to show now. What’s...

Following Bitcoin’s price plunge from earlier today, Ethereum dropped to $365 before a decent recovery above $380.The cryptocurrency attempted to break above resistance at $400 this week but failed to do so, as of now.Against Bitcoin, Ethereum maintained the critical support at 0.0326 BTC.ETH/USD – Bulls Fail To Overcome $398 – $400 Resistance AreaKey Support Levels: $380, $370, $350.Key Resistance Levels: $400, $408, $430.Over the past 5-days of trading, ETH made several attempts, trying to...

The correlation between the price of gold, silver, and Bitcoin continues. The three assets are moving in a very similar matter, regardless of the direction. Most recently, all three experienced a decline.According to some analysts, gold’s price could be used as an indicator of Bitcoin’s behavior so long as the correlation remains high.On another note, the similarity in their performance also hints that the cryptocurrency is increasingly seen as a store of value purchase for investors.Bitcoin,...

As a result of the announcement by MicroStrategy about purchasing BTC, the company’s shares jumped 9.12% yesterday.MicroStrategy Incorporated (NASDAQ: MSTR), the largest independent publicly-traded business intelligence company, yesterday announced that it purchased 21,454 BTC worth $250 million, inclusive of fees and expenses.The company said that the decision to make Bitcoin its primary treasury reserve asset was in accordance with its long term investment strategy.“Our investment in...

Venezuela’s Bolivarian Council of Mayors has signed a new tax agreement in 305 municipalities across the country. Called National Tax Harmonization Agreement, it will allow the nation to raise taxes and sanctions using the nation’s cryptocurrency – the Petro.Cryptocurrency Tax Collection In VenezuelaAccording to the recent local report, the mayor of the Libertador Bolivarian Municipality signed the document after a presidential pass on behalf of the Bolivarian Council of Mayors. Venezuelan...