Tag Archives: BTCEUR

Following the past couple of days of significant price developments within the cryptocurrency space, most assets have calmed. Bitcoin remains just shy $13,000, while some of the altcoins have even retraced slightly. Bitcoin Struggles at $13,000 The past seven days were nothing short of impressive for Bitcoin. After a brief dip to $11,400 last week, the cryptocurrency went on a roll. Promising news from PayPal only accelerated BTC’s bullish run, resulting in a fresh 2020 high...

After quite a volatile rally to $13,000, bitcoin price action has tempered down a bit. But, the case for future gains remains strong, according to a technical setup that popular Youtube and Twitter-based BTC analyst Carl Martin shared today. This will surely get the hopium levels of bulls soaring. According to him, the top cryptocurrency will soon hit the previous all-time high of $20,000. But there’s a catch. Bitcoin’s Road To $20,000 In 2020 Has An Inverse Head And...

This week was particularly interesting in the cryptocurrency markets. Bitcoin’s price charted a new 2020 high, surging to as much as $13,217 on Binance. The entire market cap surged and gained almost $40 billion throughout the past seven days. The catalyst for this major move was PayPal. The world’s largest online payment processor announced that it would allow its customers to buy, sell, and store cryptocurrencies as soon as the next few weeks for US-based users. The rest of...

PayPal, the world’s largest online payment processor, is reportedly exploring acquisitions of cryptocurrency-oriented companies. Citing sources familiar with the matter, Bloomberg reports that this includes the popular Bitcoin custodian BitGo. The sources also revealed that PayPal has been in talks with BitGo, and it could potentially reach a deal “within weeks.” However, the negotiations could still “fall apart,” and, in this case, PayPal could choose to buy other...

Bitcoin has been on fire during the past 48 hours, thanks to the ‘PayPal crypto on-ramp launch news.’  What is even more interesting to note is BTC’s future market outlook. Veteran trader and analyst Peter Brandt said that the cryptocurrency is about to log its second-highest monthly close since it started trading first. Brandt says this is a direct result of institutional involvement. Bitcoin Poised To Log Second Highest Monthly Close An accomplished forex and stocks trader...

Billionaire hedge fund manager Paul Tudor Jones III has become an even bigger Bitcoin fan following the most recent price developments. As CryptoPotato reported back in May, Jones bought an undisclosed amount of BTC to protect himself amid the rising fears of increased inflations. In an interview with CNBC’s Squawk Box, the prominent investor doubled-down on his words that Bitcoin serves as a hedge against the failing traditional financial world. Jones noted that “I like...

While most cryptocurrency community members speculate when or if Bitcoin will ever top its all-time high against the dollar, the digital asset has already marked an ATH against other government-issued fiat currencies – the Brazilian Real and the Turkish Lira. Bitcoin Smashes Through BRL ATH The past several days have been significantly exciting for the cryptocurrency industry, especially for its most well-known representative. Compared to the US dollar, BTC dipped to $11,200...

Bitcoin price has managed to avoid all 3 unfilled CME gaps this week and go on to break the $13,235 level for the first time since July 10, 2019 – 469 days ago. The catalyst for the 11% surge was the breaking news from PayPal yesterday that the payments giant will soon facilitate BTC and other crypto-asset payments. According to data from Datamish, the Paypal rally caused a $70.8M short squeeze on BitMEX as an eye-popping $31 billion returned to the crypto market during...

As Bitcoin price recorded a new yearly high, most of the participants in a recent survey shared that they hold the majority of their holdings in Bitcoin rather than altcoins. Bitcoin traders are basking in profit as October turns out to be a good month for BTC. 46% Of People Allocate More Than 50% To BTC Crypto commentator and analyst Josh Rager took to Twitter to ask crypto users how much of their portfolio is allocated to Bitcoin. Voters had to choose from one of four...

During his appearance on DC Fintech Week 2020, the Acting Comptroller of the Currency Brian Brooks praised decentralized networks, highlighted the expanding role of cryptocurrencies and the necessary regulations, and hinted that central banks could actually become nodes to blockchain networks. Brooks On Crypto And Regulation In Brooks’ opinion, banks have treated cryptocurrency assets as “pawn shops or some other kinds of disfavored businesses that can’t be touched” in the...