Tag Archives: btcusdt

The bears continued to push bitcoin south in the past 24 hours, and the asset dropped to a weekly low of just over $62,000. Most altcoins are also in the red, with Litecoin losing the most value in a day. Bitcoin Saw a Weekly Low Just a few days ago, the primary cryptocurrency broke its previous ATH two times in a row, and the latest peak came at $69,000. As the community was anticipating another run up to $70,000, the entire landscape changed. Instead of going upwards,...

The United States Securities and Exchange Commission has rejected VanEck’s proposal for a spot Bitcoin ETF. This comes after several delays by the agency. The global investment manager VanEck has been among the most active companies when it comes down to filing with the SEC to launch a Bitcoin ETF. In the past several years, the firm had numerous applications, with some rejected by the agency and others it had to withdraw on its own. However, the landscape in the States...

According to a recent survey conducted by Pew Research Center, the vast majority of US adults (86%) have heard at least a little about digital currencies. However, only 16% of the participants admitted they have personally invested in some of them. Americans Are Aware of Crypto The nonpartisan think tank – Pew Research Center – surveyed more than 10,000 American citizens to determine the level of crypto awareness among them. Per the results, 24% of the participants said they...

The cryptocurrency market had a tumultuous week where many projects went up considerably and then stalled and declined. Starting with Bitcoin, this time last week, the price was hovering around $61K, but it had no plans of staying there for long. BTC started climbing immediately and by Monday, it was above $65K. This continued and on Wednesday, propelled by fresh inflation woes, the cryptocurrency charted its current all-time high around $69,000. Unfortunately, right after...

Bitcoin’s price went through a near-term pullback that was largely driven by leverage long liquidations. It sent the open interest down $1.5 billion. There are no signs of aggressive distribution from long-term holders (LTHs) aside from very light selling from the 7-to-10-year cohort. Older coins didn’t send through this pullback. The cup and handle pattern looks complete with a backtest of the previous resistance at $64.8K, which is now turned into support. Chart by...

Ken Griffin – Founder and Chief Executive Officer at the multinational hedge fund Citadel LLC – remains skeptical on bitcoin and its use cases. He believes that another cryptocurrency project such as Ethereum will become the most dominant in the digital asset universe. Bitcoin Might Be Replaced at the Top Despite its ups and downs throughout the year, bitcoin has more than doubled its value in the past eleven months. Institutional adoption and significant support from...

Following yesterday’s price increases and new records, the world’s largest digital asset manager reached an ATH of its own in terms of AUM by topping $60 billion. Interestingly, if the company operated as an exchange-traded fund, it would have been the 19th-largest. If ETF, Grayscale Would Be in Top 20 Launched in 2013, Grayscale is the largest cryptocurrency asset manager with an AUM of over $60 billion as of yesterday’s update. To have a clear view of this meteoric rise,...

Today was looking to be a good day for Bitcoin and the entire cryptocurrency market, but the bears had a mind of their own. Earlier today, we reported that Bitcoin’s price painted a new all-time high above $69K, while the remaining cryptocurrencies were also painting notable increases. Fast forward a few hours later, though, and we’re now looking at love $700 million worth of liquidated positions as BTC takes a nosedive and dips below $63K. Chart by TradingViewEven though the...

The Austrian authorities will reportedly tax bitcoin and the altcoins with the same percentage rate as mainstream stock and bond investments starting from March next year. Bitcoin to Be Like a Stock Investment A recent Bloomberg report reads that Austria wants to create fairness between the different classes of assets and impose a 27.5% capital gains tax on all of them, regardless of being stock, bond, or cryptocurrency investments. The Finance Ministry commented: “We are...

The meteoric rise of Bitcoin (BTC) and altcoins is prompting businesses to reassess ways in which they can leverage the crypto sector. Landry-NYDIG’s partnership, for one, will focus on powering a Bitcoin loyalty rewards program at the restaurant giant’s 500 locations across the country. The CNBC report reveals the initiative will be available to the over three million members of Landry’s loyalty program, a.k.a Landry’s Select Club. Landry’s-NYDIG Partnership The Forest...