Tag Archives: BTCGBP

Bitcoin price has fallen under the psychological $27,000 level today and is now tracking inside a descending triangle pattern on the 4-hour chart.These patterns form when the price consolidates between a sloping resistance and flat support (yellow lines). It’s usually a signal that bearish momentum is increasing and that the flat support will be overcome soon.Breakouts from this pattern tend to be quite extensive and require strong supports to provide bullish traders with an opportunity to...

Carolina Panthers tackle Russell Okung is doubling up his Bitcoin game. The well-known Bitcoin evangelist announced that he would receive 50% of his total salary in Bitcoin.This makes Russell Okung the first NFL player to be paid with Bitcoin —or any crypto to be fair, giving BTC a further boost as it keeps making headlines in recent weeks with news of more adoption and interest from institutional investors.A $6.5 Million Touchdown for BTCThe initiative must be approved by both the NFL and...

In an interesting twist of events, the Mayor of Miami, Francis Suarez, has said that he’s open to exploring the idea of putting 1% of the city’s treasury reserves in Bitcoin.Earlier today, well-known Bitcoin permabull and proponent Anthony ‘Pomp’ Pompliano came up with an interesting tweet. He urged his followers to retweet it if they “would move to Miami if Mayor Francis Suarez put 1% of the city’s treasury reserves in Bitcoin.”Less than an hour later, the tweet has been shared over 1,200...

Despite surging in value to fresh all-time highs, the community’s social perspective on bitcoin hasn’t peaked yet, unlike previous bull runs. Since euphoric levels are typically a good indicator of an upcoming correction, this raises discussions if the current levels suggest that BTC is still a long way from its top.Positive But Not Euphoric On BTCBitcoin has enjoyed the past few weeks, especially after it broke above $20,000 for the first time in mid-December. The cryptocurrency continued...

Despite being bulling on bitcoin for the long-term, the founder and president of Newton Advisors, Mark Newton, noted that BTC could head for a correction in early 2021. He plans to dispose of his cryptocurrency assets in the next few weeks, as there could be “buy the dip” opportunities soon.The Role Of Institutions In The Current BTC MarketThe primary cryptocurrency has been on a tear in late 2020. It went from dabbling with the $10,000 price tag to nearly tripling its value and exceeding...

Bitcoin has continued with highly volatile moves, including a drop from $27,500 to beneath $26,000. Several altcoins have marked serious gains, such as Binance Coin. BNB charted a fresh ATH of about $40 after a double-digit daily surge.Bitcoin Rejected At $27,500After charting the latest all-time high of about $28,300 a few days ago, bitcoin started to decline in value. Shortly after the record, BTC headed south and dipped beneath $26,000.Although the cryptocurrency bounced off that level and...

US billionaire entrepreneur and owner of the Dallas Mavericks, Mark Cuban, continues with his controversial approach towards bitcoin. After continuously asserting that he would prefer bananas over BTC as they have more utilization, Cuban said recently that public companies should, in fact, learn from the primary cryptocurrency.Cuban On BTC’s Limited Supply And Mavericks PromotionThe 62-year old entrepreneur is among the most well-known American billionaires following his participation on the...

The world’s leading cryptocurrency exchange Binance has launched a “European-style” Vanilla Bitcoin Options contracts priced and settled in Tether (USDT) aimed at institutional and advanced investors.European-style BTC Options on BinanceThe Malta-based cryptocurrency exchange announced the latest addition to its portfolio of digital asset products in a press release shared with CryptoPotato.The announcement reads that Binance has completed a testnet trial of the new BTC options contracts in...

Bitcoin futures on the Chicago Mercantile Exchange (CME) have recorded the largest price gap to date of about $3,000. This came after a three-day Christmas break for BTC trading on the regulated exchange and a massive price jump for the asset resulting in consecutive all-time highs.Biggest BTC Gap On CMELaunched in late 2017, CME’s BTC futures product enables institutional investors to trade the primary cryptocurrency on a regulated platform. However, being a regulated establishment also...

After another highly volatile weekend trading day consisting of a new all-time high above $28,000 and a massive rejection, including a drop below $26K, BTC has calmed and as of now trading safely around $27,000.Most altcoins have finally joined the party with some impressive double-digit gains, including Ethereum breaking north of $700, recording a current daily high at nearly $740, which is the highest of 2020.Bitcoin’s New ATH And Subsequent RejectionThe primary cryptocurrency continued...