Tag Archives: BTCGBP

Choosing stock of gold mining companies instead of shares of firms investing in bitcoin has caused an underperformance for BNY Mellon’s tech-focused funds. The giant US bank outlined MicroStrategy – the company owning over 90,000 bitcoins – as the biggest missed opportunity. BNY Mellon’s Funds Performance In recent filings with the US Securities and Exchange Commission, America’s oldest bank conceded that preferring to go with stocks of gold mining organizations instead of...

After reaching a new two-week high of over $58,500, bitcoin has retraced slightly and currently trades around $57,000. Most altcoins have also marked minor losses on a 24-hour scale. Ethereum is among the few exceptions as ETH is closing down to $3,000. Bitcoin Stalls Around $57K As CryptoPotato reported yesterday, the primary cryptocurrency finally produced more decisive moves upwards. After trading in a range of around $54,000, bitcoin initiated an impressive leg up that...

The National Project Management Agency of the Presidency of the Republic of Uzbekistan, or NAFT, published plans to remove some of the crypto restrictions in the country. The government agency proposed to allow local residents to purchase digital assets for both domestic and foreign currency inside the former Soviet republic. Will Crypto Return in Uzbekistan? According to a local report, one of the main government institutions in Uzbekistan – NAFT – intends to lift some of...

Yesterday, bitcoin surged by an impressive 9% from daily low to daily high, surpassing the $58k mark. This continues the ongoing bullish week for BTC. Just six days ago, on Sunday, bitcoin price plunged to as low as $47k. Yesterday’s spike allowed bitcoin to climb back above the significant 50-day moving average line, after spending 11 days beneath it. Before this, bitcoin hadn’t seen a daily close beneath the 50-days MA since October 2020. As a quick recap, BTC broke below...

The number of companies and organizations accepting bitcoin and other crypto assets as payment instruments continues to grow. The latest coming from the US are from the food industry – Muscle Maker Grill and numerous chain restaurants operated by one parent company – Landry’s. Buy Food With Bitcoin Founded in 1980, Landry’s Inc. is privately-owned multi-brand dining, hospitality, entertainment, and gaming corporation operating multiple smaller companies. During a recent CNBC...

Bitcoin whales have used the mid-April price slumps to accumulate more portions once again, suggests on-chain data. Additionally, a key technical metric outlined “huge” potential for another upside movement as BTC challenges $58,000. BTC Whales Bought the Dip Bitcoin went through a roller-coaster of a month in April. Being regarded historically as a bullish month for the primary cryptocurrency, it didn’t disappoint at first and delivered a new all-time high on the 13th....

Following several days of consolidation around and beneath $55,000, bitcoin finally made a move and jumped above $58,000. Despite new records for Ethereum and Binance Coin, BTC actually managed to reclaim some of its recently lost market dominance. Bitcoin Adds $6K in Two Days While the altcoin market was producing impressive price pumps lately, bitcoin seemed stalled at best. The primary cryptocurrency had recovered from its April slumps that drove it below $50,000 but had...

The past week has been overall very favorable for the cryptocurrency market. The total capitalization grew to $2.15 trillion, which is a 17% increase. Most of it came from altcoins, however. At the time of this writing, bitcoin’s price trades at around $56,000 following a quick spike. It’s up 9% on the week and managed to recover some of the losses of the previous seven days. In general, the overall trajectory for BTC has been quite positive. It started the week at slightly...

The crypto market recovered this week, but bitcoin seems unable to catch up with the momentum that alts are currently getting. This is perfectly visible in the below chart, showing that large-cap altcoins outperformed it, dollar-wise, substantially. Bitcoin Bitcoin saw a small 5.4% price hike over the past seven days as it currently sits around $54,300. It found support at $47,000 (.5 Fib) on Sunday and rebounded from there to close the daily candle around $49,000. On...

Following another drop to $52,500, bitcoin reacted positively and regained $2,000 of value in the following hours. However, the asset continues to be outperformed by most alternative coins, and its dominance is down to 48%. Ethereum reached yet another ATH yesterday, while BNB spiked well above $600. ETH’s Latest ATH; XRP Surged 15% Most alternative coins have been on a roll lately, with Ethereum leading the pack. After dipping below $2,000 a few weeks back, the...