Tag Archives: BTCGBP

Bitcoin has to prove itself in order to become a reliable store of value. BlackRock CEO and founder Larry Fink said that the crypto asset might see a bright future, but firstly it has to endure and prove itself.Bitcoin is Still UntestedDuring a recent interview, BlackRock founder and CEO Larry Fink expressed his current opinion and predictions towards the world’s leading cryptocurrency in terms of market cap. Asked to share some thoughts on BTC, Fink said that the digital asset might see a...

The US financial services company Robinhood continued with restricting its users from accessing its most popular products. After yesterday’s halt of GME stocks, the platform has suspended instant cryptocurrency buying, citing “extraordinary market conditions.”Robinhood’s Restrictions Reach CryptoFollowing the GameStop sage, in which the company’s stocks went parabolic driven by retail interest, Robinhood barred traders from buying its shares. The firm argued that it was looking out for its...

After another day that reminded of the volatility in the cryptocurrency market, Binance has experienced technical difficulties that resulted in temporarily halting withdrawals. Nevertheless, the leading exchange reassured its customers that all funds are safe and later announced it had resolved the problem.CryptoPotato reported earlier that BTC, as well as most alternative coins, skyrocketed in a matter of minutes after Tesla’s CEO Elon Musk updated his Twitter profile to include only...

The cryptocurrency market capitalization has exploded above $1 trillion as Bitcoin surged to $38,000 following a recent pro-BTC action taken by Tesla’s Elon Musk.The alternative coins joined the ride as well, including Ethereum touching $1,400 and XRP surging above $0.28.Bitcoin Touches $38K Following Musk’s EngagementCryptoPotato reported earlier that the primary cryptocurrency was struggling with maintaining its price above $32,000. While the bears were looming in, a compelling development...

Upon announcing its Q4 2020 results, the large NASDAQ-listed business intelligence company MicroStrategy vowed to continue with investing excess cash in bitcoin. Furthermore, Michael Saylor’s firm plans to explore other approaches that will enable it to allocate even more funds in BTC.MicroStrategy’s To Buy Even More BTC?Described as the “largest independent publicly-traded business intelligence company,” MicroStrategy made history in 2020 with several massive purchases worth over $1 billion...

The world’s richest man, Elon Musk, has put Bitcoin as the only word in his Twitter bio. As a result, the price of bitcoin skyrocketed.Elon Musk, the CEO of Tesla has put Bitcoin as the only word in his Twitter bio.The high-ranked executive also tweeted minutes later that “in retrospect, it was inevitable.”What’s interesting is how this impacted Bitcoin’s price.In less than a few minutes, BTC jumped from a low of around $32,070 to a high of around $37,060 – adding $5,000 to its dollar...

Things change quickly in crypto. Just when it seemed like Bitcoin is losing support and saying goodbye to the $30K range, Bitcoin soared a solid 12% over the past 24 hours as the primary cryptocurrency climbed by almost $4K only today. As of writing these lines, Bitcoin is retesting the critical $34,000 level.However, Bitcoin is now facing crucial resistance at $34K and the upper boundary of the marked triangle, which started forming on January 8, 2021, when Bitocin recorded its current...

Bitcoin is destined to fail due to its inherently risky nature that exposes investors to threats, said the General Manager of the Bank for International Settlements, Agustin Carstens. The executive, who has portrayed adverse feelings against the primary crypto for years, suggested that only central banks should issue digital currencies.BIS GM Criticize BTC’s Risky And Volatile NatureBitcoin’s parabolic increase that took the asset from about $10,000 in early October 2020 to an all-time high...

With nearly 90% of investments located in its Bitcoin Trust, Grayscale could be providing new diversification products to its institutional investors. Recent filings in Delaware revealed that the company has registered for new cryptocurrency products for the privacy-oriented coin Monero and three DeFi tokens – Polkadot, Cosmos, and Aave.According to the filings made by the Delaware Trust Company, listed as Grayscale Investment’s statutory trustee for the state, the asset manager has already...

Guggenheim Partners CIO Scott Minerd has shared another warning of possible Bitcoin declines. The Wall Street executive predicted a massive correction, dragging the primary cryptocurrency down to $20K. He pointing out that institutional interest is not enough to stabilize BTC above $30K.Institutional Demand is Not EnoughInstitutional interest towards Bitcoin will not be enough for the primary cryptocurrency to keep its head above the $30K price level. In a recent interview with Bloomberg TV,...