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Tag Archives: News

Canada’s BTC ETF Is Experiencing Slump in Activity

Canada’s first bitcoin exchange-traded fund (ETF) was released to the public not too long ago. The idea of a bitcoin-based ETF had been in the back of investors’ minds for some time, and now that the product has been unveiled, it looks like many fantasies are becoming real, but is it possible that the product has already worn out its welcome? The First Bitcoin ETF Is Already Seeing Trading Dips According to new data, trading in the bitcoin-based ETF has already taken a...

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Analysts Differ on Where Bitcoin Will Go in the Coming Weeks

It looks like the trouble bitcoin has been experiencing as of late is coming to an end. The world’s number one digital currency by market cap has been traversing the doldrums as of late, falling even further into the mid-$40,000 range, though at the time of writing, things have improved somewhat. The currency is back above the $50,000 line and trading more in the range that investors have become used to these past few weeks. Bitcoin Is Starting to Improve The present...

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Citibank: Crypto Crime Really Isn’t That Common

There is still much concern amongst government regulators surrounding cryptocurrency fraud and illicit usage. Everyone is so terrified that cryptocurrencies are being used to commit crimes and engage in wrongful behavior, but according to a new report issued by Citibank, this really isn’t something that people need to be so concerned with, as fraudulent activity involving bitcoin and its digital cousins has gone down significantly over the past few years. Citibank:...

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EOS Price Analysis: Signs of Fresh Increase To $4.80 Emerges

EOS is likely forming a support base above the $3.150 zone against the US Dollar. The price is currently trading above the $3.750 support and the 55 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $3.820 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to start a strong increase above the $4.000 and $4.200 resistance levels. EOS price is consolidating above $3.750 against the...

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Litecoin (LTC) Price Analysis: Bullish Breakout Likely Above $200

Litecoin price started a steady increase from the $155 support zone against the US Dollar. LTC price is now trading well above $180 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $175 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to clear the $200 resistance and started a strong increase in the near term. Litecoin price is gaining momentum above $185 against the...

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Ruffer: Bitcoin Adoption Is Going to Shoot Through the Roof

Bitcoin has been exploding over the past year. Aside from experiencing heavy price booms that saw the currency rise from about $10,000 to $40,000 in just three months and attain all kinds of new highs, the currency has also been seeing fresh waves of institutional interest from the likes of companies such as MicroStrategy and Tesla, which have both purchased billions of dollars-worth of the asset. Now, asset manager Ruffer claims that things are just getting started for...

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Canada Is Now Looking to Unveil an Ethereum ETF

It’s only been a few weeks since Canada introduced the world to the first bitcoin-based exchange-traded fund (ETF). Now, it looks like an Ethereum-based ETF may be on its way. The Case for Canada and the Crypto ETF Evolve Funds is the company behind Canada’s BTC ETF, and it looks like the company is already experiencing heavy success with this product. So much, in fact, that it wants to bring similar products to the market, and it feels that Ethereum may be the way to...

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Michael Burry: Bitcoin’s Sudden Rise Is Unsustainable

Bitcoin has been doing quite well as of late, but as we’ve seen in the past, not everyone is set to be convinced by the world’s largest and most popular digital currency by market cap. Michael Burry – a legendary investor and the subject of both the book and the film “The Big Short” – is one such person and believes that bitcoin is trapped within the confines of a massive bubble. Michael Burry: Bitcoin Is Headed Downhill In a tweet he was quick to get rid of, Burry...

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Tron (TRX) Price Analysis: Bulls Eye Fresh Rally Above $0.05

Tron price remained stable above the $0.0420 support zone against the US Dollar. TRX price is now testing the $0.0480 resistance and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0480 on the 4-hours chart (data feed via Bitfinex). The pair could start a fresh rally if it clears the $0.0480 and $0.0500 resistance levels in the near term. TRON price is showing positive signs above $0.0420 against the US Dollar,...

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Bitcoin Price Analysis: BTC Could Rally If It Clears $50K

Bitcoin price traded as low as $43,090 before correcting higher against the US Dollar. The recovered above $48,000, but it is facing hurdles near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $49,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to start a strong increase if there is a clear break above $50,000. Bitcoin price started an upside correction from $43,000 against...

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