Tag Archives: BTCGBP

Bitcoin has broken its former all-time high and is now officially looking at price discovery. This comes on the back of serious developments in the industry – just today, the first-ever SEC-approved futures-backed Bitcoin ETF started trading. The previous all-time high of Bitcoin’s price was set on April 14th, 2021 and it was at $64,895 trading on Bitstamp exchange – exactly 6 months and 6 days ago. As of writing these lines and shortly after breaking the ATH level, Bitcoin...

Bitcoin’s price continues to show strength, and it’s trading very close to the all-time highs, with an intraday high at around $64,600 (on Bitstamp) at the time of this writing. The spot volume has been increasing for days, which is a sign of strength. The BTC price action has been impressive on the day the futures-backed BTC ETF started trading. However, it’s important to remain cautious in the near term as the open interest continues to increase – currently sitting at $14.4...

The moment plenty of people in the cryptocurrency community have been waiting for quite some time is finally here. The ProShares Bitcoin Strategy ETF is live, trading on the New York Stock Exchange. The moment many have been waiting for is here and the ProShares Bitcoin Strategy futures-backed ETF, ticked BITO, is now live and trading on the New York Stock Exchange (NYSE). Data shows that the daily range is between $40.07 as a bottom and $42.1499 as a top, where the ETF...

The talk in the crypto town for the past several days has predominantly been the potential launch of a Bitcoin ETF in the United States. After all, the country’s Securities and Exchange Commission has been reluctant to approve such a product for years, while other nations, like Canada and Brazil, did so earlier this year. The pressure on the SEC is mounting, and the appointment of Gary Gensler, who previously had experience with blockchain, was regarded as a promising step in...

Andrew Yang – an American entrepreneur, politician, and founder of the newly launched Forward Party – said he wants his organization to represent the US crypto community. In Attempt to Solve America’s Financial Problems “Not right. Not left. Forward.” That is the slogan of the new political party in the United Stated – The Forward Party. According to its pro-crypto founder – Andrew Yang – the digital asset industry is also headed in that direction. Yang – best known for being...

The number of cryptocurrency-related crimes in the United Kingdom has significantly surged in the first nine months of 2021 comparing to last year, reads a recent report. The local police warned that bad actors often use a fake celebrity endorsement to lure people in. Youngsters Are The Most in Danger According to a recent Bloomberg coverage, there have been 7,118 reports of schemes related to digital assets in the UK between January and October this year. Victims parted out...

Bitcoin’s price is up a considerable 100% since the lows below $30K a few months back, but one analyst believes that the true “bubble” hasn’t even started yet. According to CryptoQuant analyst who goes by the Twitter handle venturefoundEr, we have yet to see the real BTC bubble. He argues that “bubbles form when the momentum of short-term returns attracts enough money that the makeup of investors shifts from mostly long-term to mostly shor-term.” At the time of this writing,...

For the first time in history, we saw Bitcoin closing a weekly candle above $60K. This happened on the back of reports that the first futures-backed BTC ETF would be officially listed, pending no further interference by the SEC. It’s also important to note that the open interest, the funding rates, as well as the estimated leverage ratio all went up in the interim. This signals that it’s necessary to be cautious, especially given the possibility for the Bitcoin ETF...

United Wholesale Mortgage (UWM) – a leading mortgage provider in the USA – has decided to stop allowing its customers to settle payments in cryptocurrencies, citing “regulatory uncertainty” in the industry as a reason. Change of Heart In August, the Michigan-based wholesale lender – United Wholesale Mortgage – announced that clients could pay for home loans in Bitcoin and thus became the first major US mortgage lender to adopt digital assets as a payment method. Later on, it...

BTC has been showing strength lately, driven by anticipation of the futures-backed ETF and potential launch early next week. It closed at $61.6k with more than double the daily average volume on Coinbase, showing strong spot buying. Possible Correction for BTC? Although near-term price action has been very bullish with a strong breakout above $52.9k in the last 2 weeks, we need to approach the BTC ETF launch with caution. The risk of a near-term pullback is increasing because...