Tag Archives: btcusd

National banks and federal saving associations can now offer crypto custody services to customers following approval from regulators in the country.OCC Okays Crypto Custody Operations for US Federal BanksAccording to a letter issued by the Office of the Comptroller of the Currency (OCC) on Wednesday, U.S. Federal banks can now offer crypto custody services. The decision follows last month’s request by the OCC for public input on the matter.As part of the letter, the OCC explained the...

The latest data from on-chain analytics firm, Glassnode shows that the dollar value of transactions on the Bitcoin blockchain has been steadily increasing. Also, crypto research firm Messari has dispelled misconceptions regarding the failure of public blockchains like Bitcoin and Ethereum as payment channels.Median BTC Transfer Volume up 100 Percent Since 2020 BeginningAs per a tweet on Glassnode’s official handle, the median Bitcoin transfer is standing at around $195. This marks a 100...

The well-known economist and gold proponent, Peter Schiff, commented on the recent increase in the price of silver, saying that the metal has essentially become “the new Bitcoin.”The latter, on the other hand, has been particularly stable. Yesterday, the price gained just shy of two percent, which was the most action Bitcoin saw in quite a bit of time.Silver is the New Bitcoin, Says Peter SchiffPeter Schiff, a renowned economist, and author, has never kept it a secret that he’s no fan of...

Owing to its decade long correlation with the S&P 500 stock market index, Bitcoin stock-to-flow (S2F) model propounder Plan B thinks that BTC should have surpassed it’s previous ATH and hit the $25,000 price mark.‘S&P Implied BTC Price: $25K .. Interesting Times Ahead!’Plan B takes an interesting place amongst numerous other ‘Bitcoin analysts’ on crypto Twitter. A firm believer in the stock-to-flow model that he created for BTC, he posts daily price and market updates on his profile...

After weeks of sitting in a tight range, Bitcoin finally made a move yesterday and conquered the $9,300 resistance. The majority of large-cap altcoins also followed the upward tick, and, as usual, there are some notable fluctuations among low-cap alts.Bitcoin Is AliveThe last time the primary cryptocurrency stood above $9,300 for more than just a candlewick was on July 9th. Since then, Bitcoin was stuck in its quite familiar range between that level and $9,000.Yesterday, however, BTC showed...

The leading digital asset management company Grayscale Investments has received approval from FINRA for public quotations for two more of its cryptocurrency products. Consequently, shares of both Grayscale Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN) have become the first publicly-quoted securities in the US deriving value from Bitcoin Cash (BCH) And Litecoin (LTC).FINRA Approves Grayscale’s BCH And LTC TrustsAccording to the official announcement from the digital currency...

Recent research has indicated that Ethereum has ‘blown past Bitcoin’ in terms of daily settlement value, which is a testament to how much economic activity has increased on the network.Ethereum Beats Bitcoin on Economic ActivityMessari researcher, Ryan Watkins, recently posted his findings stating that a quarter ago, Ethereum had just about reached parity with Bitcoin in Daily settlement value. A quarter later, Ethereum has blown past Bitcoin.Zooming in on Ethereum, in Q1 Ethereum had just...

Although the altcoin market remains highly volatile, most price movements in the past 24 hours have been sharp retraces with a few exceptions.Bitcoin, on the other hand, remains stable and hasn’t left its familiar trading territory of about $9,150-$9,200. In the traditional financial markets, the three largest US indexes are in the green as Nasdaq even tops a new all-time high.ATH For Nasdaq, Bitcoin Metric Suggests A Price DiveMore speculations and promises for a new coronavirus vaccine...

Chanpeng Zhao, CEO of the leading cryptocurrency exchange Binance, believes that there’s an ongoing altcoin season in the digital asset market.In a recent interview, he also emphasized on Bitcoin’s increased stability, joking that it has become a stablecoin now.CZ Suggests An Altcoin SeasonDuring the past several weeks, the altcoin market has boomed with double-digital increases charted almost daily. These events pushed cryptocurrencies such as Chainlink’s LINK to new highs. The DeFi sector...

Today, BTC/USD price appears to have reached maximum consolidation between two long-standing trend lines (see daily chart below). Volatility has also continued to diminish further over the weekend, with the Bollinger bandwidth now at 0.1 on the 4-Hour chart.These two factors suggest that a major move could take place over the course of today’s trading session. But which way will Bitcoin break out?The TechnicalsOn the 4-Hour BTC/USD chart, we can see that the current price action is tracking...