Markets

The American multinational investment bank, JPMorgan Chase & Co, believes that bitcoin has grasped the attention of institutional investors, and further purchases will follow. The giant bank highlighted the recent $100 million BTC buy from the insurance company MassMutual as a significant turning point.JPM: Institutions Are Yet To Double-Down On BTCThe global events that transpired following the COVID-19 outbreak rattled world economies. Whether this is the primary reason, or perhaps...

Ripple price is struggling to clear the $0.5400 and $0.5500 resistance levels against the US dollar.The price is still above the $0.4800 support, but it is well below the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $0.5520 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair could decline heavily if there is a clear break below the $0.4800 and $0.4750 support levels.Ripple price is showing bearish signs below...

It’s always nice to start things off with good news, and today, the price of bitcoin has incurred another heavy surge that’s causing many traders and analysts alike to regain hope that 2020 will end on a high note.Bitcoin Gets Back on TrackAs of late, the world’s number one cryptocurrency by market cap has been suffering. The asset lost more than $1,000 off its price over the past week, dropping from around $19,000 per unit to about $17,900. Things weren’t looking great and many felt that...

CoinShares data reaffirms the narrative that institutional investors continue to allocate considerable amounts into cryptocurrency assets. Last week was the second-highest seven-day period with nearly $430 million inserted in the crypto market, driving the assets under management to an all-time high of $15 billion.Record-Breaking Weeks For Institutional Money In CryptoBy citing data from the digital asset manager CoinShares, Reuters reported the significant growth of institutional money...

Despite growing in price and popularity in the past few months, bitcoin still far away from receiving attention from the masses. A recent study compiled in the UK concluded that only 10% of the participants had purchased BTC, with Londoners being most akin to bitcoin exposure.10% Of UK Citizens Bought BTCFollowing the latest developments in the cryptocurrency markets when the prices started booming once again, Opinium and AltFi conducted a survey to garner people’s perspective on digital...

Bitcoin has successfully bucked the bearish trend that’s been suppressing prices for the past 10 days, following a strong bullish RSI divergence breakout that we predicted in the previous analysis.After briefly dipping underneath the 200-MA on the 4-hour chart for the first time in over 60 days, strong buying momentum returned behind the asset and has since driven BTC up over $1,680 in under 48 hours.Over $40 billion has returned to the market since the trend reversal and has helped lift...

Just two days after bottoming at $17,500, bitcoin has recovered the losses and spiked back beyond $19K, as of writing these lines. Most major altcoins are also green, besides Ripple (XRP), which continues to drop in value following the Spark (FLR) airdrop snapshot.Bitcoin Soars Above $19,300: Overvalued?The primary cryptocurrency had a volatile past several days. Last Friday, just two days ago, It went from trading safely around the $19K mark to as low as $17,500.However, after Wall Street...

Es waren die Whales, die den aktuellen BTC-Preis nach unten gezogen haben. Bereits zu Beginn der Woche deutete sich an, dass einige der großen Bitcoin-Investoren einen Cashout planen. Seit gestern ist gewiss, dass sie es waren, die den Kurs um fast 2.000 US-Dollar nach unten zogen.  Bitcoin News: Whales schicken Bitcoin-Kurs in einen Bärenmarkt CryptoQuant belegt, dass in den letzten Tagen 98% aller Bitcoins von lediglich zehn Wallets bewegt worden sind. Diese Wallets müssen Whales gehören,...

Following another dip to $17,600 bitcoin has bounced off and has reclaimed the $18K level. Most alternative coins have taken a breath of fresh air as well, and the market cap has gained about $20 billion since yesterday’s bottom.Bitcoin Reclaims $18KThe primary cryptocurrency began gradually decreasing in value at the start of the week. After a few consecutive days of trading in the red, bitcoin dipped even further to $17,600.Despite bouncing off initially, BTC failed to fully recover in the...

While Bitcoin has increased by a total of around 400% since the March lows, the picture doesn’t appear as bright in the short-term as it draws away from $20,000.Over the past seven days, the cryptocurrency lost over $1,000 of its dollar value, charting a decrease of about 5%.During the week, BTC managed to increase to above $19,300, but, unfortunately, it was all downhill from there. The cryptocurrency touched a low of $17,650 yesterday before recovering slightly to its current level of...