Tag Archives: BTCEUR

Financial strategists at JP Morgan have projected a bleak outlook for bitcoin prices in the short term. According to them, the cryptocurrency has a higher price and is trending at 13 percent over its ‘intrinsic value.’ They based their analysis on ‘positioning indicators’ derived from bets made by traders in the futures markets. But does the argument hold true? The Weather in Bitcoin Land Will Consist Of ‘Modest Headwinds’ According to the latest reports from mainstream media...

In times of pandemic, uncertainty, and risk, exposure to new of investments is more a necessity rather than a recommendation. According to Fidelity, one of the largest brokers in the U.S., Bitcoin is an excellent investment for those considering to exit banks and enter the markets.In October 2020, Fidelity Digital Assets, a branch of Fidelity focused on the crypto markets, released a report named “Bitcoin Investment Thesis: Bitcoin’s Role As An Alternative Investment.” In it, they analyze...

Yet another major company has jumped on the Bitcoin bandwagon by purchasing 10,000 BTC and putting it to use as its primary treasury reserve asset.According to an official press release, the $13 billion asset manager scooped up the BTC through its subsidiary called New York Digital Investment Group (NYDIG).Speaking on the matter was Robert Gutmann, Co-Founder and CEO of NYDIG, who said that “As Bitcoin transitions to a predominantly institutionally-owned asset, NYDIG is better positioned than...

Popular bitcoin commentator Lark Davis, who goes by the name of ‘TheCryptoLark” on Twitter, just shared a BTC trend chart that has ‘bullish’ written all over it.Lark says that the top cryptocurrency is on the cusp of crossing the 50-day moving average, and every time it happened in the past, BTC rallied 42 percent on average. If history repeats, bitcoin could be trading st $15,500 by late-November. Will it happen?If History Repeats, Bitcoin Price Could Zoom 42 PercentIn his latest tweet,...

In a suddenly galvanizing rally, Bitcoin’s price shot to the $11,700 mark last night.  Open interest has soared and is now at a 1-month high. Bitcoin traders are opening long positions and this trend was pointed by Willy Woo as well.At $4.3 Billion, Bitcoin Futures Open Interest Tops 1 Month HighAlso, a noticeable trend is a rise in aggregated open interest (OI) on different bitcoin futures trading platforms. Yesterday the figure touched a one-month high of $4.3 billion as per Skew.Bitcoin...

A former cruise ship, built by P&O Cruises Australia, is to receive its new statute. Built-in 1991, the Pacific Dawn will reportedly maintain in seas with a brand new name – Satoshi. Plans are it will be an exquisite hub for digital nomads, entrepreneurs, and crypto companies.“The Crypto Cruise Ship”As per a recent report, the traveling vessel will remain floating with a new useful and exciting purpose. The company Ocean Builders, focusing on constructing floating, off-grid seapod homes,...

Crypto traders are excited, especially after Bitcoin’s price boost following Square’s millionaire investment in the world’s first cryptocurrency.Bitcoin managed to survive a bearish September above 10K, maintaining its long-term bullish trend. Since the market crash in March, Bitcoin hasn’t lost its momentum, and after an initial recovery – driven in part by the need to build up a reserve of value and in part by the DeFi craze – the token is slowly but surely rising to new highs.The pair...

The odds of Joe Biden winning the upcoming Presidential election and significant progress being made on the coronavirus vaccine front are unnaturally high, as per Goldman Sachs. Also, what is extremely possible is the US Dollar’s drastic drop to its 2018 lows because of these two probable events, according to the global banking giant. Will this cause bitcoin (BTC) price to break new highs? The Time For The USD’s Drop To A 2-Year Low Is Nigh: Goldman Strategists In one of the...

Bitcoin price is soaring right now as the US legacy market opens up to begin the new week. Just hours ago, the leading cryptocurrency had completed a bearish Bart Simpson pattern after crashing down to $11,175 following an extended period of sideways chop. It was looking as though the asset was about to head down to the 0.5 Fibonacci level at $11,150, but new bullish momentum from the American trading session has helped drive BTC back above $11,500. With this, Bitcoin charted...

Bitcoins worth more than $11 million was moved in a single transaction yesterday, October 11th. Data from on-chain analytics providers reveals that the huge amount has been sitting idle for the past 10 years as this was the first time it was moved.Another Stack of Satoshi-era BTC Transferred YesterdayIt appears that the transactions of bitcoins mined during the days when Satoshi Nakamoto, the network’s pseudonymous creator, was active, are increasing.Yesterday, October 11th, there was a...