Tag Archives: BTCEUR

Todd Morley – co-founder of Guggenheim Partners and chairman of the blockchain project Overline – said that Ethereum has ”much higher utility” than Bitcoin. Additionally, he outlined ETH’s rapid development progress. ETH Is More Than a ‘Thing’ In a recent Bloomberg interview, Todd Morley – a former executive of the global investment company Guggenheim Partners – compared the utilization of the networks behind the top two digital assets. However, he was short-spoken about...

After plummeting to a multi-year low of -21%, the Grayscale Premium has normalized quite a bit to around -4%. The metric could return back to a positive territory later this summer as the majority of GBTC investors will see their holdings released. Grayscale Premium Returns to Normal Ground Founded in 2013, Grayscale is the largest crypto asset manager enabling accredited investors to receive exposure to BTC and other crypto assets without worrying about storing and managing...

After an impressive rebound following the retest of the $30K area on Sunday, bitcoin reached $40K earlier today. However, over the past hours, the primary cryptocurrency is losing momentum. The question is whether this huge $10K recovery will turn into a “dead-cat bounce,” or bitcoin will able to penetrate through the heavy resistance zone of $40-42K? The good news is that, as of now, bitcoin’s price is still up by a total of 18% from Sunday’s low. Quick recap: The primary...

James Bullard – the President of the Federal Reserve Bank of St. Louis – advised that investors should be extra cautious when investing in digital assets. The US banker went further, labeling most of them as ”worthless.” Nonetheless, he revealed that the Fed is looking into launching its own digital coins. Most of The Assets Are Useless In a recent interview with Yahoo Finance, James Bullard – CEO and President of the Federal Reserve Bank of St. Louis – shared his thoughts...

BTC has reclaimed the $40K level after Elon Musk’s surprise announcement that he had spoken to North American Bitcoin miners, who are committing to use renewable resources whilst mining bitcoin, and will request miners worldwide to follow suit. This meeting was hosted by MicroStrategy CEO and Bitcoin advocate Michael Saylor, and it included the leading Bitcoin miners in North America. Yesterday I was pleased to host a meeting between @elonmusk & the leading Bitcoin...

Bitcoin’s bull market will endure and resume, pointed out the popular crypto analyst – Willy Woo. He came to this conclusion after indicating that BTC’s network has kept expanding during this crash. Interestingly, further on-chain data support this narrative. BTC Bull Run Intact Ever since bitcoin peaked at $65,000 in mid-April, the cryptocurrency has been on a downfall. After nosediving below $60,000, the situation worsened earlier in May following negative news from Tesla...

Bitcoin is up by an impressive 18% since yesterday’s low at $31,100. It fell beneath the $36,750 (.786 Fib) support yesterday and ended up closing the candle at $34,760 (downside 1.414 Fib Extension) after dipping as low as $31,100 in the session. The session turned to be one of the worst days bitcoin had seen dollarwise. Today, following the huge rebound, BTC is attempting to recover and break back above the $36,750 – $37K level, once again. This pattern could justify a...

Cryptocurrencies and the hip hop industry continue to intertwine as famous rapper Meek Mill plans to expand his portfolio with Shiba Inu. This comes shortly after he purchased Bitcoin and Dogecoin. Meek Mill Plans to Buy Shiba Inu The skyrocketing popularity of meme coins, led by Dogecoin, caught the attention of multiple celebrities. The trend, perhaps started by Tesla’s CEO – Elon Musk, kept snowballing and is now deeply connected to the US hip hop scene. Robert Rihmeek...

A bullish case isn’t on many people’s minds – but signs are cropping up that Bitcoin may indeed be headed for a trend reversal. Here are some signs explaining why BTC might be overdue for a renewed uptick. Bitcoin reached its all-time high of almost $65K on April 14, 2021, a little over a month ago. However, over the past 10 days the price violently broke down from the $50K mark and even reached $30K last Wednesday. Bearish sentiment affected the whole crypto market, as...

Michael Hsu – the new chief of the OCC – revealed that the US independent bureau plans to put under review its crypto guidelines offered over the past year. He added that all federal banks should provide interpretive letters and guidance, including issues around digital assets alongside pending matters. Is Stance Towards Crypto Getting Tougher? The United States Office of the Comptroller of Currency, which regulates all national banks and federal savings associations, will...