Bitcoin is gaining bullish momentum after the cryptocurrency bounced off the lower Bollinger Band. On Wednesday, a wave of selling dominated the BTC market after the price dropped below $56,000. BTC ready to rally to new all-time high Unfortunately, the selloff resulted in $1.4 billion liquidations, with some analysts suggesting that this is the last
Cryptocurrency
The cryptocurrency industry has been performing exceptionally this past, and companies involved in the sector are reaping big. For instance, crypto exchange Coinbase has announced that its Q1 revenue was up 800% YoY, but warned that there is a lot of market volatility currently to issue solid financial projections. Coinbase expects exceptional 2021 despite market
Bitcoin has once again bounced back after a 10% plus correction. The bounce-back does not come as a surprise as the cryptocurrency has continued to send shockwaves in the mainstream industry. Likewise, it continues to elicit interest from mainstream entities looking to profit from the massive price swings that remain in play. CME Group Bitcoin
The cryptocurrency industry was a buzz of activity in the first-quarter going by massive investments by mainstream firms that saw digital currencies rally to record highs. With the race to mainstream adoption gathering pace, it promises to be an exciting year as investors jostle for opportunities in the nascent industry. ImToken Funding Round Chinese Startup
Bitcoin growing popularity and use shows no signs of slowing down. If there was any doubt that the flagship cryptocurrency will ever find its way into the mainstream sector, then Tesla Inc. (NASDAQ:TSLA) might as well have cast them out. A confirmation that the EV giant will start accepting Bitcoin payments for its cars affirms
China is leading the charge when it comes to fiat digitization. The country’s central bank has already unveiled a digital version of the yuan as it moves to take advantage of blockchain technology. While the ledger technology is designed to enhance anonymity, that won’t be the case with digital yuan. Digital Yuan The head of
Bitcoin acceptance by mainstream institutions continues to gather momentum as Morgan Stanley became the first banking institution to accept digital currency as an emerging asset class. The move by the financial institution positions it in a tight spot with other banking institutions expected to follow. Morgan Stanley to launch three crypto funds In a statement,
The US SEC moved to strike Ripple’s defenses following its suit in December, accusing the blockchain giant and its executives of selling unregistered securities. However, Ripple has responded to the motion to strike its pivotal “fair notice” defenses, labeling it as “meritless.” Ripple says SEC’s motion to strike is meritless In a letter to Federal
Transaction volume in the South Korean cryptocurrency markets exceeded the stock market’s daily average transaction volume, as BTC rose to a new all-time high of $61,000. Crypto market volume surges on BTC price rise to $61,000 CoinMarketCap data showed that the combined 24-hour volume to top south Korea-based digital currency exchanges Bithumb, UPbit, Korbit, and
Recently India indicated that it will ban crypto in the country, but that could change following Finance Minister Nirmala Sitharaman’s comments that the government is considering a calibrated approach towards crypto regulation. Crypto players represented by the Internet and Mobile Association of India (IAMAI) have welcomed the Minister’s comments. IAMAI says the crypto sector employs
On Thursday, Bitcoin maintained gains above $50,000 putting the digital currency on track following steep losses witnessed last week. The largest cryptocurrency is returning to the bullish momentum it has witnessed in recent weeks as mainstream interest continues to grow. Bitcoin on the path to recovery after last week’s losses BTC rose as much as
The US SEC is working on the first regulation guidelines for crypto after President Joe Biden’s nominee to lead the agency said that they will offer guidelines to provide clarity and guidance to the evolving market. The Crypto sector needs regulation Gary Gensler shared his thoughts about handling cryptocurrencies with the Senate Banking Committee during
Cryptocurrency markets dropped value significantly at the start of the week, with billions of dollars shaved off the cryptocurrency economy’s capitalization. Despite this, cryptocurrency derivatives are surging, with interest in BTC futures commandeering almost $19.1 billion on Tuesday. Bitcoin price continues to show the volatility On Sunday, BTC hit an all-time high of $58,354 per
The cryptocurrency sector continues to grow fast, but some with each network looking to attract more users. Crypto influencer Lark Davis has urged Ethereum network developers to quickly unveil ETH 2.0 to avoid losing users to other networks because of high gas fees. Ethereum developers should expedite ETH2.0 Davis has indicated that Ethereum competitors will
The first bitcoin exchange-traded fund (ETF) started strongly on its first trading day and sold $165 million worth of shares on the TSX exchange. Interestingly, the Purpose Bitcoin ETF (BTCC) outperformed on its first day, with investors trading almost 100 million shares of the fund, thus making it among the most active stocks on the
Elon Musk and Warren Buffett have been moving markets this with Musk’s tweets lifting Bitcoin, Dogecoin, GameStop Corp (NYSE:GME), and other assets. On the other hand, Buffet’s Berkshire Hathaway’s bets on Chevron and Verizon boosted the stocks this week. “Buffet Bump” helped Chevron and Verizon surge Buffett’s decisions have been moving markets considering most investors
After hitting $50,000 at the beginning of the week, Bitcoin is holding around those levels. Its market capitalization is up to $923 billion. The largest cryptocurrency is on the path to hit the trillion-dollar crypto asset class. With the US dollar ending its winning streak on Thursday as quick economic recovery hopes dampen due to
The cryptocurrency industry is growing very fast, and most countries are looking to provide regulation to govern this rapidly expanding segment. For instance, Kyrgyzstan has moved to formally regulate the industry by laying the framework of licensing of crypto exchanges. Kyrgyzstan wants the crypto sector regulated like Forex Recently the Kyrgyz Republic’s National Bank revealed
Tesla Inc. (NASDAQ:TSLA) lit up the market after confirming a $1.5 billion stake in high flying cryptocurrency Bitcoin. The investment came hot on the heels of Square confirming a $50 million bet and MicroStrategy investing more than $200 million. As it stands, mainstream investments on Bitcoin looks set to edge higher eve further. Morgan Stanley
Interest in bitcoin refuses to fade off even with the crypto appearing overvalued at record highs above the $40,000 mark. The meteoric rise has come at the back of increased investment interest worldwide. Indian cryptocurrency exchanges are the latest to register a four-fold increase in Bitcoin interest in recent weeks. Cryptocurrency exchanges and trading platforms
Growing cryptocurrency popularity is increasingly presenting challenges on the world stage. For the longest time, there have been concerns that cryptocurrencies are being used to fuel illegal activities such as money laundering and terrorism. However, it is only now that the same is being felt. Reports that North Korea is circumventing sanctions with the help
Tesla Inc. (NASDAQ: TSLA) is the latest mainstream power play to affirm Bitcoin is here to stay and could be the currency of the future. The tech giant has confirmed the purchase of $1.5 billion worth of the flagship cryptocurrency. According to regulatory filings, the EV giant says it bought the coin for more flexibility
Bitcoin’s growing popularity is taking the world by storm and having a ripple effect on various sectors. Its price rallying to record highs of $42,000 in recent weeks has been the center of attention. The rate at which Bitcoin’s user base is growing is also taking the world by storm, threatening to have a ripple
Growing cryptocurrency popularity is forcing the crypto exchange to be innovative in product offerings, in a bid to target a broader target market. The latest is Bitmex, which has strengthened its Cryptocurrency offering with the introduction of futures contracts for meme crypto Dogecoin. Dogecoin Futures Starting February 5, traders and high-volume crypto speculators will be
On Friday, Bitcoin price jumped over 20% to $38,566 after Elon Musk added #Bitcoin to his personal Twitter profile, thus fuelling speculation that he had acquired more BTC. Musk tweets driving stock sentiments A day before, the richest man in the world prompted CD Projekt shares to surge by 12% after stating that the latest
Bitcoin is trying to bounce back after a 30% plus correction from all-time highs. The flagship cryptocurrency has been in consolidation mode after plunging from record highs of $42,000 to two weeks of lows of around $30,000. The bounce back is being fuelled by capital inflows from traders who missed out on the initial rally
Cryptocurrency investments from mainstream institutions have been on the rise in recent months. Square investing $50 million in bitcoin and MicroStrategy confirming over $200 million in crypto investments affirms growing investments in the nascent field. The latest to show strong interest in pursuing investments in the nascent field is Union Square Ventures. USV Crypto Plans
Bitcoin implosion from record highs of $41,000 continues to gather steam amid a surge in selling pressure. The flagship cryptocurrency is down by more than 12% from its all-time high, having struggled to bounce back after a steep pullback. Bitcoin Sell-Off For the first time in over a week, the cryptocurrency slipped below the $33,000
Cryptocurrencies are becoming increasingly popular, attributed to increased mainstream adoption. Governments exploring ways to participate in the burgeoning sector has also helped shed more light on the need for digital currencies. The European Central Bank is the latest to show strong interest in exploring the digital currency space. Digital Euro The central bank is currently
In one year, Bitcoin prices increased by about 300% even with the past month of volatility and experts feel that an exchange traded fund backed by the digital currency may come eventually, but not in the short term. This may annoy crypto enthusiasts but it gives investing groups more time to ensure that the flaws
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