Tag Archives: BTCGBP

Today has been a rough day for Bitcoin bulls. The price dropped by a sharp 10% today, over $4K, over the past hours. This comes just one day after the primary cryptocurrency reached $38K. In conclusion – we saw a 2-day nightmare of almost $7000 loss in value.What leveraged the collapse was the horizontal triangle’s breakdown, as mentioned here in our most recent BTC analysis from yesterday. As can be seen on the daily chart below, once the triangle was broken along with horizontal support of...

The last 24 hours have been undoubtedly going in favor of the bears. That’s according to data concerning the total liquidated positions in the past day as Bitcoin’s price is seemingly headed towards $30,000.In less than a day, the cryptocurrency derivatives market saw a total of $900 million worth of both long and short positions liquidated.Given the nature of the market, it’s no surprise that most of the volume comes from liquidated long positions, which account for 80.77% of all or roughly...

DeAndre Cortez Way, better known by his stage name as Soulja Boy Tell’ Em (or just Soulja Boy), has initiated a Twitter conversation with prominent crypto individuals and hinted that he could explore launching his own digital asset.Interestingly, the rapper created a song dedicated to Bitcoin in 2018 in which he bragged about “stacking” and making “100 racks” in BTC.Soulja Boy To Create His Own Crypto?The Chicago-born rapper, songwriter, record producer, and actor asked the crypto community...

The world’s largest asset manager, BlackRock, may start trading cash-settled Bitcoin futures. This is according to new filings with the US Securities and Exchange Commission (SEC).BlackRock is the world’s largest asset manager, with almost $8 trillion worth of assets under management last year. To put it in perspective – that’s almost 8 times the current capitalization of the entire cryptocurrency market.Now, the Wall Street giant has filed two Prospectus documents with the United States...

Although bitcoin has retraced following its all-time high of $42,000 earlier this year, CryptoQuant’s CEO predicted further bearish price developments for the asset. He based his short-term prediction on the growing number of BTC whales depositing on various cryptocurrency exchanges.Whales Prepare To Dump On Coinbase?Ever since BTC skyrocketed to its newest ATH of $42,000 in early January, the cryptocurrency has failed to maintain its advance. Just the opposite, bitcoin dipped on a few...

A survey compiled by the multinational investment giant Deutsche Bank concluded that more than half of investors believe bitcoin and US tech stocks to be the biggest market bubbles.Consequently, the participants, most of whom are professional investors, predicted subsequent corrections.Bitcoin Is The Biggest Market Bubble?The primary cryptocurrency has been on a tear since early October 2020. BTC more than quadrupled its value since then to a new all-time high of $42,000. Despite retracing...

Bitcoin saw a sharp 8% price plummet over the past 24 hours as it lost almost $4K from its value in just one day. As of writing these lines, Bitcoin found support around $34,000, which is also the lower boundary of the symmetrical triangle pattern we mentioned here yesterday.BTC has been trading within this pattern since reaching the current ATH at $42,000 on January 8, 2020. Since then, we saw triangle consolidation for the past 12 days.It tried to push higher at the start of the week after...

UK’s National Health Service is planning the implementation of an Internet of Things project to build and manage COVID-19 vaccine provisions. The solution will use a pubic distributed ledger network – Hedera Hashgraph.Monitoring COVID-19 Vaccines Supplies Using DLTAccording to an official announcement, the UK’s National Health Service (NHS) will aim to digitally monitor its supplies of COVID-19 vaccines in the months to come. Using the public DLT network Hedera Hashgraph, a digital asset...

While the crypto market is celebrating a new all-time high to the second-largest crypto, Ethereum, Bitcoin saw a minor 3% price spike over the past 24 hours as it trades slightly below $38K. On a larger scale, BTC has been trading sideways for the past 12 days after nailing its ATH level at $42,000 On January 8, 2020.From there, Bitcoin started to consolidate as it forms a giant symmetrical triangle pattern, as can be seen on the following 4-hour chart. Over the weekend, Bitcoin fell from the...

Trading above $35,000, Bitcoin continues to pass milestone after milestone as reports show that the cryptocurrency received the most capital inflow this month compared to tech stocks and traditional investments. Long Bitcoin Wins Most Crowded TradeA recent survey conducted by the Bank of America on fund managers with over $500 billion in AUM reveals that investors are bullish on Bitcoin’s price in the long term. The study shows that “long bitcoin” dethroned “long tech” as the most crowded...