Tag Archives: btcusd

Institutions taking profits and rising interest rates have pushed bitcoin down in the past week, said the Director of Research at Forbes Crypto – Steven Ehrlich.Simultaneously, he outlined Ethereum’s growing adoption among institutions and the role it plays behind DeFi and NFT as the main reasons why ETH has outperformed BTC last year and continues to do so in 2021.Bitcoin’s Run Is in Exhaustion PhaseEver since October 2020, the primary cryptocurrency has been on a roll that saw its price...

Hedge fund manager Ray Dalio shared his thoughts about the future of Bitcoin, stating that a crypto ban in the United States has “good probability.”Dalio outlined how central banks are interested in controlling the supply and demand of their respective country.They [banks] decided it was in their interest to have a monopoly on banking in a country,” adding that when other types of money, like crypto, create their own supply and demand “things could go bad.”- He said.Banks Don’t Want...

Despite dumping by nearly $10,000 in a few days, bitcoin’s price has still increased by about 80% in the first quarter of the new year. This makes it the best-performing Q1 in eight years, and history shows that it could propel an even more impressive Q2.BTC’s Best Q1 in Eight YearsThe primary cryptocurrency entered the new year at around $29,000. It didn’t take long to reaffirm its bull run and overcome several round-numbered milestones such as $30,000, $40,000, $50,000, and just a few weeks...

Over 80% of participants in a recent poll answered that they believe bitcoin will be within a six-digit price territory by the end of the year. While only 16% said that BTC would be beneath $100,000, this only attests to the difference several months can make on the general sentiment in the crypto community.Bitcoin to Above $100K, the Majority PredictedThe popular crypto proponent going by the Twitter handle PlanB, also known in the community as the creator of the stock-to-flow model and its...

Bitcoin dropped by a sharp 10% over the past 24 hours as it headed towards $50K. The cryptocurrency has been falling throughout the entire week after slipping beneath an ascending trend line around the previous ATH from February at around $58,300, back on Monday.It initially found support at $54,000, but it was broken down yesterday, causing Bitcoin to fall further into the .618 Fib Retracement at $51,540. Today, the price decline continued as the 10% price fall caused BTC to record a current...

Major U.S. investment bank Goldman Sachs has filed a prospectus with the U.S. Securities and exchange Commission (SEC) for an exchange-traded fund (ETF) that could offer exposure to bitcoin and other cryptocurrencies.In a recent document filing, Goldman Sachs is seeking approval from the SEC to launch an ETF called the ARK Innovation ETF.According to the banking giant, the ETF would focus on companies that offer what it considers “disruptive innovation” while stating that it could offer...

As bitcoin’s price added roughly $4,000 in a day, on-chain data shows that miners have enhanced their holding mentality and stopped disposing of their coins.At the same time, institutional investors continue accumulating large portions of BTC after another sizeable withdrawal from Coinbase worth over $800 billion.Miners HODLMiners, also known as the backbone of the Bitcoin network, receive coins as rewards for the work they put in to maintain BTC’s blockchain. Their behavior and approach...

Following the recent approval of QR Capital’s Bitcoin exchange-traded fund (ETF), the Brazillian company is looking to raise $90 million to buy the bitcoin needed before trading commences.Working Towards Acquiring BitcoinQR Capital made history after Brazil’s Securities and Exchange Commission (CVM) approved its application for a Bitcoin ETF, becoming the first of such in Latin America. As reported by CryptoPotato, the 100% Bitcoin ETF would trade on the Sao Paulo stock exchange, B3, under...

The Indian people need and should have access to cryptocurrency assets, said the co-founder of Infosys – Nandan Nilekani. The billionaire, who is also an advisor to government agencies and the country’s central bank, recently spoke against the country’s intentions to impose a crypto ban.Crypto is an Asset ClassThe world’s second-most populated country, India, has dabbled with the idea of banning cryptocurrency activities for years. Even after the country’s Supreme Court lifted a decision made...

Bitcoin dropped by a sharp 3% today as the cryptocurrency falls to the current $55,000 level. It attempted to break above $60,000 over the weekend but it failed to close a daily candle above $58,355. As a result, BTC slipped from $58,300 yesterday and fell beneath the March ascending trend line to reach as low as $53,700. It rebounded by the end of the day to close the candle at $54,000.Earlier today, Bitcoin spiked further lower to reach as low as $52,930. Luckily, it found solid short-term...