Tag Archives: BTCGBP

Retail investors have finally arrived at the bitcoin scene and have outbought institutions, claimed analysts from the giant multinational investment bank – JPMorgan Chase & Co. By analyzing data on popular retail-oriented brokerages, such as Square and PayPal, they concluded that smaller investors had bought nearly 190,000 bitcoins so far in this quarter.Retail Has ArrivedThe cryptocurrency community speculated for months if or when retail investors would come for BTC. After all, the...

The legal dispute between Ripple and the SEC continues with full force as the payment processor has requested the Commission to produce documents regarding Bitcoin and Ethereum – as they were officially deemed not to be securities.At the same time, thousands of XRP holders have asked the federal judge in charge to serve as third-party defendants as well.Ripple Seeks Documents on BTC and ETHThe latest developments in the Ripple vs. the SEC lawsuit came to light yesterday following a new letter...

Young Americans want to buy bitcoin, and they will use the stimulus checks to do so, said Galaxy Investment Partners’ CEO Mike Novogratz. He added that the primary cryptocurrency had become a proven asset in the past few months with the entrance of giant institutions and corporations.Retail Pushed Bitcoin Higher, Says NovogratzThe first-ever cryptocurrency went on a wild run in the past few days. During the weekend, bitcoin broke its previous ATH, breached above $60,000, and marked a new...

Bitcoin dropped by a sharp 6% today as the cryptocurrency retraced from $60K to reach as low as $54,557 on Bitstamp (.382 Fib) as of writing these lines.Prior to today’s price drop, Bitcoin concluded another bullish week in which it bounced from $56,110 to reach a new all-time high price at $61,780 on Saturday.Simultaneously, as shown on the short-term 4-hour chart, Bitcoin had managed to break above the neckline of an inverse head & shoulders pattern at around $52,500. The breakout...

Bitcoin fell by over 10% in a day to about $55,000 following a considerable correction. On-chain data suggests that it could be attributed, to some extent, to sizeable deposits to the large US-based cryptocurrency exchange Gemini, just before the drop. However, Glassnode data refutes this option, claiming that the transfers were internal.18K Deposited to Gemini Prompted the Price Slumps?Everything seemed to be going in BTC’s way in the past several days. The asset had just recovered from its...

After temporarily breaking the ice on bitcoin regulations, the Indian government is doubling down its efforts to restrain cryptocurrency use. A new bill on the way could place cryptocurrency holders and miners at risk of fines and possible jail time.New Indian Anti-Bitcoin Bill On the CardsA fresh Reuters report claims that India is preparing a new heavy-handed anti-bitcoin bill. Previous regulations in the country targeted the use of private coins, but the new bill will outrightly...

The past few hours have been rather unpleasant for bulls as the market took a swing to the lower side. More than $120 billion were wiped off the market capitalization, as bears poke their face.The latest developments in the cryptocurrency markets led to the liquidation of almost $2.3 billion worth of liquidations across both long and short positions in the past 24 hours alone.Unfortunately for bulls, it was the bears who got the upper hand in this, as 94% of all liquidations were long...

The cryptocurrency market is booming over the past few days, with Bitcoin marking a brand new all-time high and capturing the coveted $60,000 mark – another huge milestone.But, as we know from history, the market likes to move in cycles, so it might be the case that soon we see altcoins starting to catch up. With this said, we’ve prepared a list of a few cryptocurrencies besides BTC that might be interesting to look at over the following week.EthereumEthereum did pretty well over the past...

Following a few consecutive days in which BTC price came just inches away from breaking its ATH of $58,400, the cryptocurrency finally did it yesterday and went on a wild spike to record a new current top at $61,800. The altcoin space also followed the bullish price trajectory and the market cap added $150 billion for a new record of its own at $1.850 trillion.Bitcoin Exploded Above $60K: Broke The Feb-21 ATHAs CryptoPotato previously reported, bitcoin came close to the previous all-time high...

Numerous large corporations and institutions entered the bitcoin space in the last year or so with substantial purchases worth billions of dollars in total. Keeping in mind that some of those names were giants like Tesla, MicroStrategy, Ruffer Investment, and MassMutual, it’s quite normal that they all made the news more than once.But what about the so-called little guy? Being considered as a highly-volatile and risky asset with a little over a decade-long history, BTC doesn’t sound like the...