Tag Archives: United States

Following last evening’s run-up to around $24,300, today the markets are deep in the red. Bitcoin dipped below $22,700, charting a decrease of about 3.5% on the day, while altcoins crash even harder.This downturn coincides with a market-wide pullback in traditional finance as major European indices tumble while US index futures are also down in the pre-market hours.Bitcoin Price Loses $1,400 in Hours, Market FollowsYesterday was a good day for Bitcoin as the price for the cryptocurrency...

The digital asset trading venue has reportedly doubled-down on its endeavors for its planned stock market listing. The US multinational investment bank Goldman Sachs, which has a somewhat controversial history with the cryptocurrency industry, will lead the preparations. CryptoPotato reported recently that the exchange had confidentially submitted a draft registration statement with the US Securities and Exchange Commission (SEC). By completing Form S-1, Coinbase completed the initial...

This was the week the entire cryptocurrency community has been waiting for. Bitcoin finally broke $20,000, setting a fresh new all-time high. But it was far from being done yet.After breaching the coveted $20,000 mark, BTC went on a rampage, taking down one target after another. Before the run was finally calmed down, the primary cryptocurrency had taken for the sky and reached its current all-time high at around $23,800.However, this also drove a lot of fresh capital to the entire market....

With bitcoin climbing to new all-time highs, the cryptocurrency has garnered the attention of centralized financial institutions. Goldman Sachs Group Inc. offered its views on the market and said that BTC’s rise shouldn’t threaten gold’s position as the inflation hedge of choice as both assets can coexist.Bitcoin And Gold Can CoexistEver since bitcoin’s creation, the primary cryptocurrency has been largely compared to the yellow metal due to some of the common attributes, such as the limited...

The US multinational financial service corporation American Express has invested in the cryptocurrency trading venue FalconX through its venture arm. Thus, AmEx has doubled-down on its digital asset endeavors after piloting a blockchain-based rewards program.AmEx Invests In Crypto Exchange Aimed At InstitutionsThe US-based cryptocurrency exchange announced the investment from American Express Ventures in a press release yesterday. Although it failed to specify the precise amount AmEx has...

The large bitcoin institutional investments keep emerging frequently, and the latest one has come from the US-based hedge fund One River Asset Management. After establishing a new company oriented in digital asset investments, the fund has purchased $600 million in BTC and plans to add ETH and expand its holdings to $1 billion in the next few months.One River Digital Asset Management Invests $600M In BTCBitcoin has seen a massive spike in interest from institutional investments in the past...

Cynthia Lummis, Wyoming’s newly-elect Senator, doubled-down on her bullish stance on bitcoin in a recent podcast appearance. She hoped to introduce BTC to the government scene as she believes that the cryptocurrency should work alongside fiat currencies.The “Bitcoin Senator” On BTC Working With FiatAs reported by CryptoPotato in early November, Cynthia Lummis became the only elected female Senator during the 2020 elections and the first female Senator from Wyoming. Additionally, she has been...

The American multinational investment bank, JPMorgan Chase & Co, believes that bitcoin has grasped the attention of institutional investors, and further purchases will follow. The giant bank highlighted the recent $100 million BTC buy from the insurance company MassMutual as a significant turning point.JPM: Institutions Are Yet To Double-Down On BTCThe global events that transpired following the COVID-19 outbreak rattled world economies. Whether this is the primary reason, or perhaps...

While Bitcoin has increased by a total of around 400% since the March lows, the picture doesn’t appear as bright in the short-term as it draws away from $20,000.Over the past seven days, the cryptocurrency lost over $1,000 of its dollar value, charting a decrease of about 5%.During the week, BTC managed to increase to above $19,300, but, unfortunately, it was all downhill from there. The cryptocurrency touched a low of $17,650 yesterday before recovering slightly to its current level of...

Despite classifying bitcoin as the best performing asset in 2020, Wells Fargo said in a recent report that the industry is still predominated by speculation rather than traditional investing. The large US multinational financial services company compared BTC with the gold rush in the 1850s.Bitcoin Shows Similarities With The 1850’s Gold RushThe San Francisco-headquartered giant explored the performances of different financial assets through this “wild and crazy year” in its latest report.The...