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Tag Archives: btcusdt

Bitcoin Is Anti-Fragile, Says Morgan Stanley Executive

The Head of Counterpoint Global at Morgan Stanley Investment Management – Dennis Lynch – believes bitcoin has the ability to gain in times of economic disruption and he referred to the asset as “anti-fragile.” ‘Bitcoin Is Like Kenny from South Park’ In a recent conference, the American businessman and executive at Morgan Stanley – Dennis Lynch, revealed his positive stance on bitcoin. He sees it as “anti-fragile,” meaning that it could resist market disorders and even prosper...

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Pyth Network Explains Why Bitcoin Flash-Crashed to $5,400 on September 20th

The entire market has been fairly uncertain throughout the past week, though one event stands out from the rest. On September 20th, Bitcoin’s price crashed to around $5,400 on Pyth Network oracle’s BTC/USD feed. Pyth is an oracle network based on Solana and it aims to bridge blockchains and real-world data. This is highly needed in the field of cryptocurrencies to provide relevancy, accuracy, and interoperability. However, on September 20th, between 12:21 and 12:23 UTC, the...

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Global Risk and China FUD Result in a Bitcoin Rollercoaster: The Weekly Crypto Recap

There are no boring days in crypto, and this week, like a lot of others, has managed to definitively prove it. The past seven days have been an absolute rollercoaster in the cryptocurrency market, so let’s start with Bitcoin. BTC’s price was sitting comfortably at around $47,500 last Friday and started improving slowly throughout the weekend. On Saturday, we saw an attempt at $49K, which was unfortunately rejected. On Sunday, the price retraced a bit, but nothing spelled...

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Over $400 Million Liquidated in a Day as Bitcoin Tumbled Below $41K

The market suddenly turned red today following what seems to be another wave of regulatory efforts to crack down on cryptocurrencies in China. This left over $400 million liquidated in less than a day. As CryptoPotato reported, China continues with its efforts to further crack down on the entire cryptocurrency market. The country’s national bank issued a statement outlining that digital assets are banned, adding that operating with exchanges will also be prohibited. While a...

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Trading and Mining Crackdown in China Escalates: Bitcoin Plunges $3K

The People’s Bank of China (PBoC) published a document reminding that digital assets are banned within the country and added that operating with exchanges will also be prohibited. As a result, BTC dumped by $3,000 in an hour. China’s negative stance on the cryptocurrency space has been wildly known for years, and the nation tends to frequently remind investors about it. The central bank highlighted the illegal status of digital assets once more on Friday. The statement also...

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Bitcoin Retests $45K as Ethereum Stalls Around $3.1K (Market Watch)

Following a few days of adverse price developments, bitcoin has started to recover some value and currently sits around $45,000. Most altcoins have stalled in the same timeframe, with a few exceptions from Polkadot and Terra. Bitcoin Taps $45K The start of the week was highly damaging for the bitcoin bulls as the price of the cryptocurrency plummeted on Monday from $48,000 to around $43,000 in hours. The situation only worsened in the following two days as BTC dumped by a few...

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Twitter Launches Support For Bitcoin Tips on Lightning Network. NFTs Could Come Soon

Twitter, the favorite social network among cryptocurrency lovers, has just announced that it will let its users to send Bitcoin to any account with a BTC wallet. Enabling Bitcoin tips is part of an even larger initiative. The company is expanding its support for payment processors of all kinds, including Patreon, Cash App, Venmo, Razorpay, GoFundMe, and Brazilian startup PicPay, which serves as an equivalent to Paypal or Venmo with some additional options such as cashback...

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Tom Brady Wants to Get Part of His Salary in Bitcoin, Ethereum, and Solana

The legendary football player – Tom Brady – once again demonstrated his support towards the digital asset industry. He said he would “love” to receive some of his earnings in Bitcoin (BTC), Ethereum (ETH), or Solana (SOL) tokens. ‘The Digital Age Is Upon Us’ Tom Brady – the seven-time Super Bowl champion and arguably one of the greatest football players – is, by all means, a strong crypto proponent. During a recent interview with Jim Gray on the Let’s Go Sirius XM podcast, he...

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Bitcoin Price Analysis: After BTC’s Quick Dip Below $40k, Is Local Bottom Confirmed?

Global risk-off, uncertainty over Evergrande’s debt crisis, and large liquidations have been pressuring Bitcoin lately. The near-term chart may look bearish, but the fundamental and on-chain trend remain firmly bullish, making this pullback a potential buying opportunity. In just over two weeks, BTC fell from a high of $52.9k to a low of $39.5k, mainly driven by massive liquidations in derivatives and panic selling from younger coins. It’s easy to look at the chart with a...

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SEC Could Approve a Bitcoin Futures ETF by October, Says Bloomberg Strategist

The US Securities and Exchange Commission could greenlight a Bitcoin futures ETF as early as October this year, said Bloomberg’s Senior Commodity Strategist – Mike McGlone. He also doubled down on his $100,000 price prediction for BTC by the end of the year, adding that the cryptocurrency is on its way to replace gold, similarly to how the car outplaced the horse as the most utilized transportation tool. Bitcoin Futures ETF Coming Soon? The topic of whether the US securities...

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