Tag Archives: btcusdt

Digital assets firm Genesis recently published its Q3 Market Observations Report, and it highlights some of the major trends across the market. This time, it shows the demand for bitcoin had faded during Q3 as institutions were exploring DeFi platforms and altcoins. BTC Demand Trends Downward Due to Institutionalization As per the report, BTC demand trended downward during Q3 due to the lack of opportunities for traders to profit from spreads between the BTC price in spot and...

Elon Musk has asked his millions of Twitter followers whether to sell 10% of his Tesla stock. The question is what to do with the proceeds, and bitcoin proponents, such as Michael Saylor and Max Keiser, have explained the benefits if he decided to buy BTC with the money. Musk to Sell 10% of His Tesla Stock? The CEO of the world’s largest EV maker took a rather unorthodox approach in regards to his financial future. He asked his multi-million fan base on Twitter whether he...

In the past few days, we saw Bitcoin’s price nearly touching $60K again and it’s now important to reclaim the 21-ay MA in the near term. Meanwhile, the strong resistance continues to lie between $63.7K and $64.8K. The ideal scenario for BTC bulls would be to complete the cup and handle breakout above $63.7K and $64.8K, which should send the price to the range between $70K and $80K. There are still no signs of a distribution trend forming but we did see some light...

Bitcoin’s indecisive price movements have continued in the past 24 hours, with the cryptocurrency staying above $60,000. Binance Coin has been among the best performers from the larger-cap alts as the asset has neared its ATH. BNB Eyes New ATH; AVAX Up 12% Most alternative coins were slightly in the red yesterday, as reported, but the landscape is relatively different today. Ethereum had fallen below $4,500, but a minor 2% increase on a 24-hour scale has driven the...

The US Congress has just passed legislation that could potentially change the way Americans think about Bitcoin and the cryptocurrency industry. The approval of the infamous Infrastructure Bill, which received a final vote of 226 to 206, is a controversial moment for the budding industry. If the bill is signed by US President Joe Biden, then most of the crypto businesses registered in the United States —like Coinbase, Kraken, or even a DEX developed in America— would be...

IGM Financial Inc., a 40-year-old Canadian wealth manager, could be next in line to launch Bitcoin and Ethereum services for its clients, suggested the company’s CEO, James O’Sullivan. Founded in 1978, IGM Financial is a large Winnipeg-based investment company with over $260 billion in assets under management. The firm’s Chief Executive Officer – James O’Sullivan – asserted in a recent interview that internal discussions have already begun in regards to adding the two largest...

Cryptocurrencies are continuing to gain traction as a payment option by businesses and governments alike. Recently, Deputy Luizão Goulart of Brazil proposed a bill to allow public and private sector workers to be paid in bitcoin. If passed, this would be the biggest national move to support digital asset adoption since El Salvador’s legal tender law. What’s in the Bill? The bold bill – proposed earlier this week – comes amidst an ongoing regulatory debate in Brazil...

Bitcoin continues with its untypically flat price movements as the cryptocurrency has stalled around $61,000 once again. Most altcoins have marked minor losses in a day, while Shiba Inu has recovered roughly 20%. Shiba Inu Bounces Off Most of the altcoin space is in the red today after the recent gains. Ethereum, which saw new all-time highs just days ago, is down by a bit more than 1% on a 24-hour scale and stands below $4,500. Cardano has slipped to $2, while Ripple,...

It was a very dynamic week in the cryptocurrency industry, even though it may not seem that way judging by Bitcoin’s price. And yet, we saw a lot of action in the altcoin scene, especially with memecoins and play-to-earn projects, so let’s dive in. Starting off, Bitcoin failed to produce any meaningful gains over the past week and is only up by about 0.6% throughout the period. Yet, it wasn’t exactly a smooth sail as the price dipped to $60K on Monday, only to bounce above...

Selling gold for Bitcoin (BTC) appears to be the new strategy among some investors. Jefferies’ Christopher Wood is no exception. He is now trimming his allocation to the precious metal to expand his exposure to the world’s largest cryptocurrency. Wood, who happens to be the global head of the investment banking firm, also believes traditional financial establishments such as banks should focus on blockchain and leverage the technology instead of waiting for it to cause a...