Tag Archives: BTCGBP

Peter Schiff tweeted today that his son, Spencer Schiff, went all-in on Bitcoin during the last drop below $50,000. According to his father, a full 100% of his portfolio is now invested in Bitcoin. The elder Schiff has been a long-time Bitcoin detractor. However, his child’s interest in cryptocurrencies may expose him to some new ideas.Selling Silver For BitcoinMany long-time followers of the cryptocurrency industry know Peter Schiff as a public Bitcoin bear, consistently in the news talking...

Recent job postings suggest that the leading digital asset manager could be planning to develop and launch a cryptocurrency exchange-traded fund (ETFs). Grayscale is looking for nine employees for roles focusing on various ETF-related endeavors. Founded in 2013, Grayscale is a crypto asset manager enabling institutions to receive exposure to numerous digital assets through its funds. The company could be considering developing and launching ETFs as well, at least according to nine key job...

Bitcoin’s distribution has become substantially less concentrated as the number of whales holding 10,000 or more coins has reached a new all-time low of less than 100 such addresses.At the same time, the number of transactions on the BTC network and exchange deposits continue to decrease to monthly lows.Bitcoin 10K+ Whales to ATLThe so-called BTC “humpback” whales are massive wallets containing 10,000 or more coins. From a USD perspective, this amount would represent holdings worth at least...

Bitcoin has managed to hit a high at nearly $56,000 today but has since retraced a bit and it now hovers above $54,000. However, BTC’s dominance suffers as some altcoins, including Binance Coin, have surged in the past 24 hours, and the metric is just slightly above 60%.Bitcoin’s Stays Above $54KEver since the primary cryptocurrency dipped to $47,000 on March 6th, the bulls took control and pushed the asset north. In the following days, BTC firstly reclaimed the coveted $50,000 before heading...

It’s been approximately one year since the COVID-19 threat infiltrated the Western World and caused massive disruptions. Consequently, it has been a little less than twelve months since the US government initiated considerable relief packages and sent $1,200 to every adult earning less than $75,000 per year.While highly unlikely, this particular amount could have resulted in mindboggling returns if the US citizens had decided to allocate the funds in some assets. One stands out the most as...

Bitcoin saw a 7.5% price increase today as the cryptocurrency raised by a total of $1,640 to climb back above $54,000, for the first time since February 22.Looking at the past trading days, BTC had bounced from support at $47,200 (.382 Fib) over the weekend as it closed the daily candles above the critical 20-day EMA. On Sunday, it managed to break above $50,000 once again, which allowed it to push higher and close yesterday’s candle at $52,480 (bearish .618 Fib Retracement and crucial...

Yet another Bitcoin ETF is to reach the markets in Canada as the country’s securities regulator has issued “a receipt for the final prospectus” for CI Global Asset Management’s application. Dubbed CI Galaxy Bitcoin ETF (BTCX), it’s expected to launch on the Toronto Stock Exchange (TSX) on March 9th, and Mike Novogratz’ Galaxy Digital Capital Management will act as the sub-advisor. Founded in 1965, CI Global Asset Management is an asset manager with over $180 billion in AUM as of January 2021....

The institutional bitcoin frenzy continues to spread like an epidemic. After several United States mega corporations added the digital currency to their balance sheet, the floodgates have been opened to major institutions across the world. Norwegian holding company Aker ASA said today that it will establish a new unit dedicated to bitcoin investment and the digital asset’s underlying technology.Miss Out? “No Way”!Asian smartphone giants, Meitu yesterday joined the league of institutional...

Bitcoin price is up by another 6% today, as the cryptocurrency finally reclaims $50,000. Earlier today the cryptocurrency reached over $51,300 (Bitstamp), but quickly retraced from there down to the $50K area. So far, this reflects a 2-day price gain of over $4000 since Friday’s low of $46,400.Quick recap: Bitcoin price started to scale at the beginning of March but couldn’t overcome the resistance around $52,500 at the Golden Ratio (bearish .618 Fib) earlier this week. From there, it started...

Chinese tech company Meitu has announced a massive purchase of 380 BTC and 15,000 ETH, representing an entry of about 40M USD, as of writing these lines, into the cryptocurrency market.This came just one month after tech mogul Elon Musk, the founder of Tesla, announced that the company would be purchasing 1.5B USD worth of Bitcoin.Although a large Hong Kong-listed firm publicly buying Bitcoin is undoubtedly noteworthy in and of itself, it’s interesting to note Meitu founder Cai Wensheng’s...