Tag Archives: btcusdt

Bitcoin tried its hand at taking down $20,000 but was stopped in its tracks once more and has retraced by almost a grand. The altcoins are back in red after yesterday’s massive gains. This all came following the bloody Friday on Wall Street. Bitcoin Stopped at $20K The primary cryptocurrency was quite calm lately, but that all changed when the US announced the latest CPI numbers. BTC stood at $19,000 before it violently dropped to a multi-week low of $18,200. However, that...

Yassine Elmandjra – analyst at ARK Invest – believes bitcoin’s valuation could skyrocket beyond $1 million per coin in the following years. Earlier in 2022, a research team of the company estimated that the market capitalization of the primary cryptocurrency could reach $28.5 trillion by 2030. Bullish Prediction Despite the Bear Market Bitcoin and the broader cryptocurrency market have seen better days. During the past several months, the leading digital asset has lost a...

Today, BTC went through some massive volatility. Accordingly, the trading volume on Binance increased exponentially. The price is struggling to hold above the $18K level, and the potential for further correction is causing fear across the market. Technical Analysis By Grizzly The Daily Chart: On the daily chart, Bitcoin is trading slightly above $18K, one of the lowest levels since the market crash in June. Throughout this period, this crucial level (in yellow) has been...

The Switzerland-based fintech company – 21Shares AG – unveiled a Bitcoin exchange-traded product on Nasdaq Dubai, making it the first physically-backed BTC ETP in the Middle East. The firm has recently been on a listing spree, introducing Bitcoin and Ethereum ETNs on Nasdaq Stockholm, crypto ETPs on Euronext Paris and Amsterdam, and more. The Latest Offering The investment product issuer – 21Shares – expanded its global reach by launching a bitcoin exchange-traded product...

The leading crypto asset manager Valkyrie Funds, is all set to liquidate one of the exchange-traded funds (ETFs) it manages. According to the official press release, the company plans to close its Valkyrie Balance Sheet Opportunities FUND (VBB), an investment product offering indirect exposure to BTC. The soon-to-be-delisted fund, under the ticker VBB, was first launched in December 2021 and granted exposure to the securities of US companies with Bitcoin on their balance...

Grayscale stated that the SEC’s application of its “significant market test” is deeply flawed and does not protect investors against potential fraud and manipulation in the underlying BTC markets. The SEC is notorious for turning down dozens of spot Bitcoin ETF applications over the past several years from major players including WisdomTree and Ark21Shares. Grayscale, for one, has taken the legal route to resolve the matter. It has argued that the regulator acted outside its...

Legendary billionaire hedge fund manager Paul Tudor Jones revealed that he still holds a small portion of bitcoin while stating that the U.S. economy might be going into recession or already is in one. Tudor Jones also said the value of assets such as ETH and BTC could increase amid inflation and excessive fiscal spending. Jones Remains Optimistic About Bitcoin In a CNBC interview on Monday (October 10, 2022), Jones stated that there has been a “massive experimentation with...

The crypto market continues to go through a phase of uncertainty and low volatility alongside steady price action. Currently, Bitcoin is trapped in a range, and the direction it takes to break away from it would determine the cryptocurrency’s mid-term direction. Technical Analysis By Shayan The Daily Chart Despite the descending multi-month trendline acting as significant resistance, the price has broken through and formed a pullback. However, at this moment, the bullish...

The US Department of Justice confiscated 719 bitcoins from the 35-year-old Canadian – Sebastien Vachon-Desjardins – for participating in the NetWalker ransomware attacks. At the time of the seizure, the amount of cryptocurrency equaled nearly $22 million. Prison Time for the Criminal According to a recent announcement, Vachon-Desjardins was involved in a sophisticated type of ransomware known as NetWalker. The malicious software targeted victims all over the globe, including...

Although the trading volumes yesterday were quite low, similar to previous weekends, bitcoin still took a minor hit and fell to a weekly low. Most altcoins are also slightly in the red on a daily scale. QNT is among the very few exceptions, being up by double digits. Bitcoin Dipped Towards $19K The primary cryptocurrency was flying higher earlier this week when it pumped to $20,500 – the highest price tag it had seen in about three weeks. However, the US job reports changed...