Tag Archives: BTCEUR

Bitcoin surged by a solid $2,500 so far today, gaining almost 5% in value. This allowed the cryptocurrency to break resistance at $56K, surpassing $58K to set a new all-time high.The primary cryptocurrency had been trading within an ascending price channel for the entire month of February. On Friday, Bitcoin had surged by 8.5% as it broke past the previous resistance at $52,365 to smash the upper boundary of the marked price channel, reaching the resistance level at $56,112 (1.414 Fib...

The cryptocurrency market is well-known for its intense price fluctuations, and the past 24 hours provided more proof. With BTC and most altcoins charting double-digit moves in both directions, this resulted in $1.74 billion liquidated on exchanges.The primary cryptocurrency had just painted a new all-time high (at the time) of about $57,600 before a vigorous correction drove the asset down to a low of $54,000 in a matter of minutes yesterday. BTCUSD. Source: TradingViewAs it typically...

Although Bitcoin is performing remarkably well, it is not all praise in the market world.Take Will Hobbs —chief investment officer at Barclays Wealth & Investments— as an example. He is clearly not convinced that Bitcoin is all that its proponents claim.Speaking to Markets Insider, Hobbs said that his company’s investment strategy doesn’t involve taking any positions in Bitcoin for the time being. He asserts that its extreme volatility and poor fundamentals make it unattractive for his...

After the latest price record above $57,500 and a subsequent sharp drop to $54,000, bitcoin has calmed around the $56K price mark (as of now). Most alternative coins have charted declines over the past 24 hours, except for UNI, which painted a new ATH north of $32.Bitcoin Stalls After The Latest ATH Set At $57.5KThe past week was quite positive for the primary cryptocurrency as it recovered from the brief dip to $46,000 decisively. In the following days, the asset gained more than $11,000 of...

Bitcoin recently became a trillion-dollar asset as its price also surged past $57,000. A few hours later, ETH made headlines as it crossed the coveted $2K mark. Several other cryptocurrencies have also performed well. Tesla’s CEO, Elon Musk, is of the opinion that the prices of both digital currencies are high.Pro-gold and anti-bitcoin economist Peter Schiff is at it again. The chairman of Schiff Gold is renowned for his relentless anti-bitcoin tweets. He once termed bitcoin “the biggest...

The growth of the leading cryptocurrency asset manager Grayscale Investments has pushed the company into appointing three new C-suite hires. As a result, the company has filled the roles of Chief Operating Officer, Chief Compliance Officer, and Chief People Officer.New C-Suite Hires In GrayscaleFounded in 2013, Grayscale is a crypto asset manager that enables institutions and corporations to receive exposure to BTC and other digital assets without worrying about managing or storing the...

Although several well-known companies recently allocated funds in BTC, a study among 77 financial executives showed that the overall number of firms planning to get on the bitcoin bandwagon is relatively modest at just 5%. Somewhat expectedly, most skeptics justified their decision with BTC’s volatility.Most CFOs Have No Plans To Buy BitcoinTesla shocked the world last week after news broke that Elon Musk’s electric vehicle giant had purchased $1.5 billion in bitcoin. Apart from the immediate...

The narrative that bitcoin is rarely used for payment transactions has been debunked by several fields in the span of a week. Apart from Swiss residents being able to pay their canton taxes in BTC or Portuguese citizens paying their electricity bills, a UK-headquartered private jet charter company said that nearly 20% of its yearly revenue came in the form of the primary cryptocurrency.PrivateFly Gets 19% Of Revenue In BTCFounded in 2005, PrivateFly is a global private jet charter company...

Another day brings more breached milestones for the crypto field as the market cap has exploded above $1.7 trillion for a new record. This comes following ATHs for Bitcoin above $56,000, Ethereum (north of $2,000), and numerous other altcoins heading towards uncharted territory as well.Bitcoin Sees Yet Another ATHIt was just earlier this week when the primary cryptocurrency struggled around the $46,000 price tag after a sharp drop. However, the asset rapidly reversed the trend and started...

The ever-active on social media platforms CEO of Tesla and SpaceX has garnered the attention of the crypto community again by updating his Twitter profile with an avatar of Bitcoin. As with previous interactions initiated by Elon Musk, the price of the asset reacted by an immediate sharp increase.Source: Elon Musk’s TwitterMusk is no stranger to publishing compelling and somewhat controversial Twitter posts regarding various industries, and his latest favorite seems to be the crypto...