BTC Branded ‘the Most Portable Asset’ as 420k Bitcoins Used as Collateral in Q4 of 2020

March 3rd, 2021

According to the findings of a joint Arcane Research and Bitstamp study, bitcoin’s unique characteristics, which include it being “the most portable asset”, are the likely contributing factors behind the increasing use of the crypto as a collateral asset. Bitcoin Unmatched This is evidenced by the study’s data which shows that approximately “420,000 bitcoins were…

Bitcoin Price Bounce Back Above $51K as Implied Volatility Nears Early January Levels

March 3rd, 2021

Bitcoin price finally broke above $51,000 to register a new weekly high of $51,681 after spending the second half of February under $50K. The ongoing price recovery is being attributed to various bullish on-chain metrics that include continuous institutional purchase, exchange outflows, lowering implied volatility, and stable funding rates. The top cryptocurrency’s implied volatility is…

Bitcoin elevation to $52,000 catches momentum

March 3rd, 2021

Bitcoin embraced support at $47,000 on Tuesday following the rejection at $50,000. Losses toward $42,000 had become apparent, especially after the 50 Simple Moving Average (SMA) support had been shattered. In the meantime, the flagship cryptocurrency has bounced off the short-term support and is setting the pace toward $50,000. The key short analysis takeaways for…

Crypto Markets Regain Billions, Bitcoin Price Bounces Back 15 percent, Analyst Says ‘Resurgent Mood In the Air’

March 2nd, 2021

The price of bitcoin and a number of digital assets saw significant gains on Monday, as the entire market capitalization of the crypto economy has gained 2.4% in the last 24 hours. Bitcoin’s value passed the psychological $50k zone after hitting a low of $43,021 the day prior on Sunday. Bitcoin (BTC) touched a high…

Spanish Court Orders the Investigation of Possible ‘Computer Fraud’ on Bittrex Exchange After a User Loses 1.3 BTC

March 1st, 2021

A Spanish Court has issued an order compelling a division within the country’s police to investigate the possible existence of “computer fraud” on the Bittrex cryptocurrency platform. The order was issued following the filing of a complaint by a Tenerife based Bittrex user who claims to have lost 1.3 BTC (or $58,000) that was stored…

Bearish Outlook as Bitcoin’s Seven-Day Average Sinks 25 percent, ADA Shines During the Storm

February 28th, 2021

Digital currency markets have been bearish in recent days as prices have continued to sink lower. The entire market capitalization of all the crypto assets in existence is down over 8% on Sunday at $1.25 trillion. Bitcoin has plummeted from its all-time high (ATH) of $58,350 last Sunday to today’s low of $43,189 per unit….

JPMorgan Says Investors Can Put 1 percent of Their Portfolios in Bitcoin Despite Calling It a Poor Hedge

February 28th, 2021

After saying that cryptocurrencies “rank as the poorest hedge for major drawdowns inequities, with questionable diversification benefits,” JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. This can help “achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” the firm’s strategists explained. Investors Can Allocate 1% of Portfolios to Bitcoin,…

Institutional Demand for Bitcoin Continues, Gradual Recovery Expected

February 27th, 2021

Late Thursday, February 26, the Bitcoin (BTC) price crashed for the second time in a week tanking below $46K levels in a market-wide sell-off. As CoinGape reported, the BTC price crash came as investors resolved to profit-booking in risky-assets after the surge in the U.S. bond yields. However, it seems that the institutional demand for…

Investment Firm Launches the First ‘Crypto Hedge Fund’ in Spain- Plans to Expand Across Europe, Latin America

February 27th, 2021

In Spain, an investment company has begun to promote what they called the “first crypto hedge fund.” The product has been registered in Malta by Avenue Investment Crypto, headed by a crypto advocate, Martin Huete. Investments Allocated Mainly in Bitcoin and Ethereum According to Infobae, the hedge fund “exclusively” targets qualified investors whose minimum investment…

JPMorgan Defies Charlie Munger’s “Avoid Bitcoin” Advice, Suggests 1 percent Portfolio Exposure to BTC

February 26th, 2021

JPMorgan has recently defied legendary investor Charlie Munger’s advice of “avoiding Bitcoin”. The Wall Street banking giant recently stated that investors should have 1% of their portfolio exposure to Bitcoin (BTC). The banking giant’s comments on the backdrop of its suggestion for portfolio diversification. JPMorgan says investors could make #Bitcoin and other cryptocurrencies as much…