Tag Archives: BTCGBP

After touching $56,000 for the first time in five months, bitcoin retraced slightly and currently stands around $55,000. Most altcoins continue with indecisive moves in either direction, except for Shiba Inu, which has gone on the offensive once more with a 35% daily surge. Bitcoin Stalls at $55K The past week or so showed once more how quickly the landscape could change in the cryptocurrency markets. Bitcoin entered October at around $45,000 after recovering $4,000 in days...

Just four months after the application, Volt Equity’s Volt Bitcoin Revolution ETF has received the green light from the US Securities and Exchange Commission. It will provide investors the option to invest in companies with direct exposure to BTC, such as MicroStrategy. Back in early June this year, the California-based firm Volt Equity filed with the Commission documents to launch a different type of exchange-traded fund with indirect exposure to BTC. The filing described...

It’s been a green week all across crypto land as positive sentiment and big gains returned to the market. Leading the scene is Bitcoin, with an impressive surge of around 25%, once again tapping the mid-May highs. Just earlier today, Bitcoin reached a price of $56,000 – something that we haven’t seen since the middle of May this year, shortly after the all-time high and right before the massive 50% crash. Analysts believe that this move marks the completion of a bear trap and...

Michael Novogratz – the CEO of Galaxy Digital and a prominent bitcoin bull – thinks that prices people pay for NFT products are not normal “in any way, shape, or form.” As such, they should consider “taking some money off the table” and investing it into the two leading digital assets. Dump NFTs, Go for BTC And ETH Speaking at the London’s Token2049 crypto conference, crypto billionaire Mike Novogratz aired his thoughts on non-fungible tokens, specifically their soaring...

Bitcoin Bitcoin is up by an incredible 25.7% this week as the cryptocurrency surges beyond $55,000. The increase started at the beginning of October when it managed to break above a descending price channel and go above the 50-day MA. Since then, BTC surged higher during the week until it broke the September highs at $53,000 and met resistance at $55,400 on Wednesday. It did attempt to break above $55,400 today, reaching as high as $56,000 (1.414 Fib Extension) but is showing...

The Republican Senator Cynthia Lummis has accumulated more bitcoin worth between $50,001 to $100,000 in the middle of August. A spokesperson at her office said the purchase was not disclosed on time due to a “filing error.” Topping up with More BTC As reported by CNBC, the US Senator – Cynthia Lummis – revealed in a recent filing that on August 16th, she increased her bitcoin exposure with another purchase of somewhere between $50,000 and $100,000 worth of the asset. The 2012...

After weeks of struggling and rapidly losing value, bitcoin exploded in the past few days and neared $56k – its highest price line since mid-May. Yesterday alone, the cryptocurrency gained more than $5,000 of value in hours. While the bulls celebrate, it’s worth exploring potential reasons why that might be and could there be more similar developments hiding behind the corner. Reason 1: Whale Purchases Being an asset with a maximum supply of just 21,000,000 tokens with a...

The former Chairman and CIO of Legg Mason Capital Management – Bill Miller – once again shared his support towards the primary cryptocurrency by likening it to a Ferrari. On the other hand, he labeled gold as outdated by comparing it to a “horse-and-buggy.” BTC Is Better Than Gold The US investor, fund manager, and philanthropist Bill Miller placed his name among those who believe that the leading digital asset is a better store of value than gold. In a recent interview for...

The owner of the professional basketball team the Dallas Mavericks – Mark Cuban – revealed that people don’t like buying tickets with their Bitcoin holdings because it is an appreciable asset. Instead, they employ Dogecoin, which is “easy to spend.” ‘Bitcoin Is a Little Bit of a Different Animal’ During an interview for Fox Business, the American billionaire Mark Cuban shared his views on some of the most popular cryptocurrencies. Starting with bitcoin, he said the asset is a...

October has been exciting for the bulls as BTC continues to push above multiple major resistance levels. The first week of the month isn’t even complete, and BTC has already reached an intra-week high of $55.4K, just entering into the critical $55k to $58k zone of resistance. Since the higher low at $40.7k, Bitcoin managed to rally over 36% to today’s intraday highs. During the weeks of risk-off, Bitcoin managed to hold the deepest higher low at $40.7k, which we covered and...