Tag Archives: BTCGBP

Although the organization he runs is significantly more opened to the cryptocurrency world these days, JPMorgan’s CEO, Jamie Dimon, advised people to stay away from digital assets. Nevertheless, he admitted that institutional clients of the bank have shown a high demand for such products in recent months. Stay Away From Crypto, Says Dimon The Chairman and Chief Executive Officer of JPMorgan Chase and Co has a somewhat controversial history with bitcoin and the rest of the...

It was another tough week in the cryptocurrency market where almost everything is trading in the red. Here’s how some of the major coins performed over the past seven days: Bitcoin Bitcoin is down by a total of 10.3% over the past seven days of trading as it currently sits around $36,000. The cryptocurrency had spiked as low as $31,185 (downside 1.618 Fib Extension) on Sunday, but the buyers managed to close the daily candle at $34,760 (downside 1.414 Fib Extension). From...

Brett Heath – precious metal company Metalla Royalty & Streaming CEO – opined that crypto ”will lead the charge in the next financial crisis.” Furthermore, he compared the industry to the tech crash of the early 2000s alongside the mortgage collapse in 2008. Crypto Will Cause The Next Crash The head of Metalla Royalty & Streaming warned in an interview for the financial newspaper Kitco News that global cryptocurrency adoption will have a damaging impact on the...

If investors can cope with the massive double-digit price swings in the cryptocurrency markets, they will eventually prevail, asserted the President of Bianco Research, Jim Bianco. He also admitted to owning ether instead of bitcoin, as he sees more potential of surging higher. The Volatility in Crypto Markets is to Be Expected The cryptocurrency space is known for its enhanced price fluctuations. Doubled-digit percentage drops and increases are nothing new, and the past...

The Biden administration plans to submit a $6 trillion spending budget proposal later this week. Right after the news broke out, bitcoin’s price increased to above $40k but failed to sustain it as of writing these lines.  According to a report from The New York Times, this budget is part of Biden’s two-part federal agenda and will be spent in the 2022 fiscal year. The total spending could rise to US$ 8,2 trillion. Bitcoin broke $40,000 shortly after the announcement but has...

Bitcoin is now up 25% from Sunday’s low of $31,100 as it is attempting to reach the $40K resistance level once again. Quick recap: following last Wednesday’s liquidation drop to $30K, the primary cryptocurrency recovered to $42K, just to plunge once again to $31,100 on Sunday, but again – it quickly managed to recover. At the end of Sunday, it closed above $34,760 (downside 1.414 Fib Extension). Since then, BTC managed to break above a descending price channel, as shown on...

The substantial growth of the cryptocurrency sector in the past year has caught the eye of central bankers. The latest to opine on the matter and, somewhat expectedly, to dismiss the industry’s chances of actually disrupting the centuries-old financial space was the governor of Denmark’s central bank. Crypto Is Speculative Fad During a recent interview with Bloomberg, Lars Rohde, the governor of Danmarks Nationalbank, took a few stabs at the cryptocurrency sector. Despite...

Poloniex – a multinational crypto exchange – caught the eye of Canadian securities regulators. The watchdog launched actions against it under the accusations of not complying with Ontario rules. Against The Law In a recent statement, the Ontario Securities Commission (OSC) accused the cryptocurrency exchange platform Polo Digital Assets – better known as Poloniex – of not adhering to Canadian laws. According to the document, the trading venue failed to sign up with the agency...

The amount of stablecoins on exchanges has surpassed the number of bitcoins. Combined with the entire crypto sentiment and the enhanced BTC withdrawals from trading platforms, the price of the underlying asset could be primed for a boost. Stablecoins Ratio MACD Suggests a Leg Up for BTC According to data from the crypto analytics resource CryptoQuant, the Stalebcoins Ratio MACD indicator has gone into a more bullish state for bitcoin. The metric follows the amount of BTC...

After blaming BTC mining for electricity blackouts and sending spies to hunt down illegal miners, Iran has placed a temporary ban on such endeavors in its borders. According to a Bloomberg coverage, the Iranian government has placed a ban on all cryptocurrency mining endeavors until September 22nd. The ban is effective immediately and comes ahead of the country’s highest energy consumption season. This is Iran’s most strict attempt to reduce crypto mining, which soared in...