Tag Archives: btcusdt

Recent BTC price action intensified after BTC closed above the 200-day moving average line on the daily time-frame, but then closed back below this significant key level on Thursday. However, things turned bullish, as BTC price pulled back to near-term support, backtested the downtrend line at $43.8k, successfully held the support level, and then printed a bullish engulfing candle the next day to reclaim the 200-day moving average, starting the current weekend by trading on a...

Bitcoin continued with its decisive move upwards, and the latest leg up drove the asset to nearly $48,000. The alternative coins have performed even more impressively, with ETH topping $3,300 and ADA exploding by another 10%. Bitcoin’s Impressive Run A lot can change in the cryptocurrency markets in a month or even less sometimes. The primary cryptocurrency is a prime example as it had dumped to a low of $29,200 on July 20th. As the bearish sentiment was taking over, though,...

It’s been a wild ride over the past seven days, but this time bulls had the upper hand, bringing the total cryptocurrency market cap above $2 trillion once again. Let’s start with Bitcoin. It’s up almost 14% throughout the week, currently testing the important 200-MA resistance at around $46.7K, once again. It failed to breach it a couple of days ago, which sent the market into a short-term correction. However, bulls prevented any serious losses, and after less than a day of...

Bitcoin Bitcoin saw a strong 13.9% price hike this week as the cryptocurrency continues the bullish run that started in late July when it penetrated above the descending wedge consolidation pattern. Last Friday, BTC was trading beneath $42,000 but eventually surged higher above the resistance by the end of the day. By the weekend, BTC managed to hit the 200-day MA level at around $44,750. It continued to surge higher on Monday to hit $46,500. However, BTC stalled there and...

The bearish divergence appearing on the BTC 4-hour chart for the past week managed to form a local top at $46.7k. BTC fell to a near-term low at $43.8k, finding support just above a key downtrend. Chart by TradingViewAs we reported earlier, the recent dip below the 200-day moving average puts BTC in a tight spot as it is important to see a strong weekly close above that level. Making a weekly close above it, alongside the 21-week moving average, will flash a very bullish...

Sergey Shvetsov – a member of the Bank of Russia Board of Directors – urged investors to stay away from bitcoin. In his opinion, allocating money in the asset is highly risky and could result in a total loss. Bitcoin Is a ‘Technological Financial Pyramid’ The first deputy governor at the Central Bank of Russia – Sergey Shvetsov – sounded a note of caution for local investors to beware of alternative financial instruments such as bitcoin. He argued that investing in it is so...

The Indian professor Aswath Damodaran opined that bitcoin is the equivalent of gold for young investors. According to him, millennials do not find the precious metal that tempting as their parents and grandparents and prefer to allocate their money in the primary cryptocurrency. BTC Is What Gold Was 50-100 Years Ago In a recent interview for CNBC, the professor of finance at the Stern School of Business at New York University – Aswath Damodaran – shared his thoughts on the...

Gene Simmons – the bassist and co-lead singer of the iconic rock band KISS – revealed he is a huge supporter of cryptocurrencies, especially bitcoin. He has invested a few million in the asset at the beginning of the COVID-19 pandemic and is now a HODLer. The Demon Loved The Ride to $65,000 During an interview for CNBC, one of KISS’ co-founders said he joined the crypto craze at the beginning of the coronavirus pandemic after an educational conversation with Gemini’s CEO –...

A $400 billion investment management firm, Neuberger Berman, recently announced adding exposure to Bitcoin and Ether derivatives and investment vehicles as part of the firm’s fund strategy. Another Hedge Fund to Join Crypto The SEC filing outlines that the asset manager will receive exposure to cryptocurrency via a subsidiary firm —with a minimum investment of $5 million. The filing comes after the firm disclosed a “Hedge Cryptocurrency Volatility Fund” in an SEC Form D...

The Massachusetts Mutual Life Insurance Company has doubled down on its BTC endeavors through a partnership with New York Digital Investment Group. Both parties aim to enable institutional clients of the insurance behemoth to receive BTC exposure. According to the announcement dated August 11th, the insurance broker, founded a decade and a half ago, has entered into a “placement agent agreement” with NYDIG. Through its broker-dealer, MML Investors Services (MMLIS), MassMutual...