Tag Archives: btcusd

President-elect Joe Biden has picked the former US Federal Reserve Chair Janet L. Yellen as the next Treasury secretary.The cryptocurrency community has shown skepticism regarding the potential effects on Bitcoin, as Yellen has historically displayed negativism on BTC.Biden Nominates Yellen For Treasury SecretaryAs firstly reported by The Wall Street Journal, the US president-elect Joe Biden has decided to nominate the former Fed Chairwoman Janet Yellen as the next Treasury secretary.Although...

Bitcoin price has managed to shake off fears of a correction today and is continuing to print new highs. During the start of the European trading session this morning between 08:00 -10:00 (UTC), BTC surged over $700 as a further $20 billion poured into the global crypto market.After hitting the first resistance at $19,100 – as mentioned in our last analysis – bulls are now pushing to overcome the next wall at $19,300 (as of writing these lines). If they’re successful here, Bitcoin’s all-time...

Bitcoin price just surged past the $19,000 mark and is looking to retake the previous all-time high of $20,000. This spike in volatility has caused all BTC markets to experience some serious trading traffic – especially the bitcoin futures market. And how? Well, open interest in the Binance futures market just topped $1.2 billion.Binance Bitcoin Futures Market Register Record Open Interest And Daily VolumesAccording to the crypto market and on-chain analysis firm Glassnode, the bitcoin...

It is now a well-known fact that payments giant PayPal is knee-deep in the Bitcoin market. In today’s interview with CNBC, CEO Dan Schulman explained his rationale behind the world’s top cryptocurrency value. He also elucidated on why his company is placing giant buying bets on BTC.The Utility Surrounding Bitcoin And Cryptocurrencies Is What Imparts Them ValueUpon being asked to explain the inherent value of bitcoin, PayPal CEO Dan Schulman immediately said that BTC and the aggregated class...

Bitcoin bulls have managed to buy up another dip today after prices slumped $650 during the morning’s early hours. This is the second significant price crash to have taken place over the last 48 hours, with BTC tumbling $1,000 yesterday to a low of $17,600 before correcting (marked by a white arrow on the following chart).According to popular crypto analyst Willy Woo, there has been a substantial spike in the number of ‘Bitcoin days destroyed’ recently. This refers to the number of bitcoins...

Sean Ono Lennon, the son of John Lennon, believes that Bitcoin empowers people in a way they haven’t experienced before.In a recent conversation with Max Keiser, Lennon also noted that BTC is a breath of optimism in an otherwise destructive year.Lennon: Bitcoin Empowers PeopleThe son of the founder and co-lead vocalist of the Beatles, John Lennon, is a British-American musician and songwriter with several albums. Apart from following his father’s footsteps in music, Sean Ono Lennon is...

Bitcoin has become an even more attractive investment instrument in the past few months as its price has grown substantially. The number of BTC hodlers with at least 1,000 coins has surged to new highs, according to new data.Bitcoin HODLers On The RiseBitcoin has been on a tear since early October resulting in several consecutive yearly highs. The latest one took BTC to nearly $19,000. Meaning, that the cryptocurrency has almost doubled its value in less than two months.Typically, such...

Bitcoin’s volatility continued over the weekend with a few $1,000 moves taking it from a high of $18,800 to $17,700 and back. The altcoins, however, have kept their recent momentum going and have reduced BTC’s dominance over the market to about 63%.Bitcoin’s Volatile WeekendThe primary cryptocurrency displayed increased signs of volatility during the weekend. It started with charting a fresh yearly high on Saturday at nearly $19,000.After coming just inches away from breaking the 2017...

When Bill Harris, former CEO of PayPal, described Bitcoin as “the greatest scam in history” in an article for Vox, the last thing that would come to his mind was the role his company would play in the global adoption of this cryptocurrency.This was in 2018, just when Bitcoin was on a major bearish trend. The bubble —as Harris described it— exploded. But things changed, a new CEO replaced Harris and Bitcoin’s price slowly recovered. Well, slowly until PayPal jumped on the Bitcoin...

After almost touching $19,000 for the second time, Bitcoin has calmed and retraced below $18,500 (as of writing these lines). At the same time, most alternative coins have doubled-down on their recent gains. Ripple’s 60% weekly spike has helped the asset overcome Tether as the third-largest cryptocurrency by market cap.Bitcoin Slows Down After Doule-Top At $19KBTC’s latest impressive price developments led to a notable leg up yesterday and yet another fresh yearly high. This time, the asset...