Bitcoin

Grayscale Bitcoin Trust Buys Over 1.5 Times Total BTC Mined Since Halving

May 29th, 2020

Grayscale Investments has purchased more than 1.5 times the number of bitcoins mined since the third Bitcoin halving for its bitcoin trust. This indicates that there is a strong institutional demand for the cryptocurrency, which is expected to grow significantly post the coronavirus crisis. GBTC Buys 1.5 Times the Amount of Bitcoin Mined After Halving…

Leading Australian Regulated Micro-Investing App Adds Bitcoin Option for Investors

May 28th, 2020

Popular demand for cryptocurrency has prompted Australia’s leading micro-investing platform Raiz (formerly Acorns) to add a bitcoin investment option. Individual investors can round up their spare change and regularly invest in a bitcoin investment portfolio. Leading Australian Micro-Investing App Now Offers Bitcoin Exposure Australia’s leading micro-investing platform Raiz announced on Tuesday that it has launched…

Not Satoshi, But Craig Wright Still Threatens a Bitcoin Dump in Billions?

May 28th, 2020

Craig Wright might not be Satoshi, but does he still have the power to dump on the market? In the most recent filing of the Ira Klieman Vs. Craig Wright court case, the plaintiff has moved for a Motion of Sanction. Klieman has moved to penalize Wright and his legal counsel for making false claims…

Bitcoin Weekend Trading Volumes Shows Institutional Interest: Mati Greenspan

May 27th, 2020

Bitcoin [BTC] price has been stalling in the $8800-$9000 range, as traders in the space are working to fathom the bullish or bearish narrative. Apart from that, in the past, there has been also debating around retail vs. institutional factors driving the markets. The crypto bubble in 2017 was essentially led by retail demand, and eventually,…

Bitcoin Price Analysis: BTC/USD Big Picture, Why $10,000 Must Come Down For Further Gains?

May 27th, 2020

Bitcoin is focusing on sustaining the uptrend but a break above the long term trendline is critical for continued growth. BTC/USD must hold above the 50 SMA in the weekly range to avoid possible declines likely to test triangle support. Bitcoin is facing the ongoing struggle under $9,000 simply because it failed to break above…

Bitcoin Price Analysis: BTC/USD Bulls Focused On Destroying $9,000 Hurdle

May 26th, 2020

Bitcoin recovery from recent support at $8,600 stalls above $8,900 but eyes still glued at $9,000. BTC/USD must step above $9,000 soon to avert possible refreshing of $8,600 support due to bears’ gaining traction. Bitcoin price has since the weekend session been unable to clear the resistance at $9,000. This follows the losses that tested…

Bitcoin Prepares for Volatility with CME Contracts Expiration this Week

May 26th, 2020

With the CME Bitcoin monthly futures contract expiry set to occur this Friday, the market can expect a lot of volatility. Moreover, as the Open Interest (OI) is significantly large, the price moves could be of large proportions.  The futures investors are not motivated to take delivery of the contracts, especially the ones trading on…

Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges

May 26th, 2020

As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation. Goldman Sachs’ Bitcoin Call for Clients New York City-headquartered investment…

Bitcoin Price Analysis: BTC/USD Trading Near $9,000 Resistance After Testing $8,600, What To Expect?

May 25th, 2020

Bitcoin price weekend bearish action finds support at $8,600. BTC/USD remains in the hands of the bulls in spite of the bulls’ inability to sustain gains above towards $9,000. Bitcoin succumbed to more selling action during the weekend session. The price extended the bearish action from last week’s resistances between $9,200 and $9,300 to levels…

This Is Not Capitalism: How Covid-19 Shined a Light on America’s Fascist System

May 24th, 2020

In the last few months, giant American corporations and financial incumbents that are subsidized by the U.S. government, have profited immensely during the coronavirus outbreak. This has caused certain groups of people and those who despise wealth to claim that “capitalism is broken.” However, today’s system, that’s currently practiced in the U.S. and many other…