Tag Archives: BTCGBP

After the most recent correction in which BTC lost 15% of value in days, bitcoin miners have started to accumulate in large portions once again. At the same time, yesterday saw the most significant bitcoin withdrawal from crypto exchanges since September. Bitcoin Miners Change of Strategy Being the backbone of the Bitcoin network, miners’ behavior in regards to their BTC holdings is essential for the overall landscape around the asset. Typically, they tend to sell after a...

Following a bloody start to the new year of 2022, including a dip below $40K, Bitcoin finally sees some green. This analysis will determine if a local bottom was found and some relief to the bulls. Options Market Analysis This coming Friday, January 14th, approximately $690 million worth of bitcoin options contracts will expire on Deribit’s exchange, with a max pain level of $44K, as can be seen below. Currently, the put options open interests are significantly high, which...

Washington-based real estate firm – Harbor Custom Development, Inc. – will reportedly start accepting digital currencies as payment for its residential homes, apartments, condominiums, and other properties as of January 24th. Crypto Making its Way in the Retail Estate Industry According to a recent coverage, Harbor Custom Development, Inc. (Nasdaq ticker: HCDI) will embrace numerous digital assets as a means of settlement. Some of the assets include Bitcoin (BTC), Ethereum...

According to a recent survey, the vast majority of JPMorgan customers do not expect bitcoin to reach $100,000 in the following 12 months. Still, more than 40% of the participants expect the asset to sit at around $60,000 by the year’s end. JPMorgan Clients Do Not Expect BTC at $100K This Year The largest cryptocurrency by market capitalization did not manage to climb to the often-touted milestone of $100,000 last year despite numerous predictions from experts and analysts. In...

Former Twitter CEO and co-founder of Block Jack Dorsey continues to pursue bitcoin (BTC) mining plans as his company moves to hire a Custom Digital Design Lead. Block Advertises Bitcoin Mining-related Job San Francisco-based financial services group Block (formerly known as Square) is hiring a Custom Digital Design Lead, according to a recent job listing on LinkedIn. The role description looks to recruit an experienced designer to join a team of developers working on an...

The multinational financial services corporation aims to make several changes to its Fidelity All-in-One Growth ETF and Fidelity All-in-One Balanced ETF, including adding a small allocation to the company’s Bitcoin ETF. After several unsuccessful attempts to launch a spot Bitcoin exchange-traded fund in the States, Fidelity, through its Canadian branch, released such a product up north late last year. Now, the company has announced that it will provide a wider adoption for...

As a result of several police actions, the Kosovo authorities seized more than 300 cryptocurrency mining devices. According to the nation’s Minister of Energy and Economy, the seizure will save “tens of thousands of Euros per month.” Kosovo’s Ban Intensifies Similar to many other countries in Europe, Kosovo currently struggles with an energy crisis prompted by the sharp price increase of electricity. Attempting to curb consummation during the winter and eliminate power...

For the first time since September, Bitcoin dipped below the $40K mark. From the bullish side, the dip was quickly bought, but on the other hand, Bitcoin is still shaky and still at risk of losing the coveted mark. Options Market Analysis By @N_E_D_A After a large options expiry event at the end of 2021, Max Pain jumped to $55K. These days, the selling pressure of the spot market pushed BTC to plunge and then temporarily lose the $40k as support (as of now). Bitcoin is now...

The Central American nation of El Salvador entered into the pages of history as the first country to officially adopt bitcoin as a legal tender on June 9, 2021. Subsequently, the country went on a bitcoin buying spree, taking advantage of every opportunity to acquire more of the popular “digital gold” since it considers it a hedge against the consequences of inflation. A Breakdown of El Salvador’s Bitcoin Purchases El Salvador has made a total of eight BTC purchases to date,...

The American investor, fund manager, and philanthropist Bill Miller said he had distributed half of his personal wealth in bitcoin. The former Chairman of Legg Mason Capital Management stated he purchased “a fair amount” last year when the asset’s price dipped to $30,000. 50% of His Portfolio in BTC Even though he was not supportive of bitcoin in the past, Miller has become one of its most prominent advocates recently. Over the past couple of years, especially after the start...