Tag Archives: BTCEUR

Following the steep price drop of nearly $2,000, bitcoin bounced off the $17,600 bottom and has risen above $18,000 again. Most alternative coins have also recovered some of the losses, and the market cap has added about $20 billion since yesterday.Bitcoin Reclaims $18,000After the relatively calm weekend bitcoin had where it dabbled with the $19,000 price tag, the cryptocurrency experienced a significant drop yesterday. BTC went from a high of $19,300 to $18,000 before continuing south to...

Bitcoin has proved itself to be a supreme store-of-value in this pandemic-ridden world. But can the world’s first cryptocurrency flip the US Dollar to become the ‘global reserve currency’?The US Dollar Has Been The Global Reserve Currency For 100 Years NowRuchir Sharma, Morgan Stanley Investment Management’s chief global strategist, went candid in his latest opinion piece on Financial Times. He talked about the ‘reserve currency’ history starting right from the 1400s.And delineated how in the...

Bitcoin has taken a major portion of gold’s market share and will continue to do so in the near future, argued JPMorgan Chase & Co analysts. They highlighted the declining difference in funds allocated in the precious metal and the primary cryptocurrency, saying that the move will “represent the transfer of billions in cash.”Bitcoin Inflows, Gold OutflowsThe cryptocurrency community has debated for years on the narrative that bitcoin is the digital representation of gold. After all, both...

The major UK financial institution Standard Chartered has partnered with Northern Trust on the launch of their mutual cryptocurrency-related project Zodia.Launching a Cryptocurrency Custody Business for Institutional InvestorsAccording to an official press release, the innovation and ventures unit of Standard Chartered, SC Ventures, has formed a partnership with Northern Trust – a Chicago-based financial services company and one of the oldest and largest banking institutions in the United...

Hedge fund manager and founder of Bridgewater Associates, Ray Dalio, seems to have softened his position on bitcoin. He went from dismissing BTC as a currency and store of value through a “what am I missing stage,” and most recently admitted that the cryptocurrency could be an alternative to gold.Ray Dalio’s Bitcoin TransformationThe prominent investor and philanthropist has never displayed favoritism regarding bitcoin. Just the opposite, he has questioned BTC’s role as a store of value or as...

Bitcoin was dabbling with the $19,000 level for several days but, after another unsuccessful attempt to break above it, headed south and plummeted by $1,000 in 24 hours. Recent data indicated a significant uptick of BTC transferred from cold wallets to exchanges, implying that the price drop could have been somewhat expected.$278M Of BTC Moved To Exchanges Prior The DropAfter a predominantly calm weekend in which BTC displayed an untypical absence of high fluctuations, the cryptocurrency...

After last week’s excitement of a brand-new Bitcoin all-time high, the bulls forgot about the strong resistance at the key level of $20,000.According to the basics of technical analysis, just as in soccer, if you do not break above – you lose force and regress. This is exactly what we see over the past two days, following another failed attempt at the $19,500 – $20K zone.Since then, the Bitcoin price is going through a blood bath. The primary cryptocurrency had lost almost $2000 off its value...

December 8 was a bad day for Bitcoin. The world’s largest cryptocurrency in terms of market cap broke down, losing all the profits it had gained since November 29, 2020.Over the past few days, the $19,000 line became a kind of war zone, with bitcoin going up and down that price with no clear dominance of bulls or bears.However, things changed on December 8, 2020. At 6 am UTC, BTC had a quick dip from $19,299 to $18,798 in just 3 hours, with a low of $18,680. BTC was unable to recover from the...

According to an official press release from today, U.S.-based financial services company Square has launched a new initiative for the firm to become net-zero carbon for operations by 2030.Square Invests $10 MillionAs a part of the plan, the Jack Dorsey-led company will allocate $10 million to its Bitcoin Clean Energy Investment Initiative, which intends to fund companies that drive adoption and research into the use of green energy for Bitcoin mining operations.Bitcoin is often criticized for...

Michael Saylor became one of the most popular bitcoin bulls in the past several months after the company he founded over three decades ago allocated millions of dollars in BTC. He also disclosed buying nearly 18,000 bitcoins personally. In a recent live stream with Binance’s Changpeng Zhao (CZ), he revealed why he decided to allocate such a considerable amount in the primary cryptocurrency.During the Binance-initiated live stream, Saylor said that the events that transpired in March 2020 were...