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…

Spanish Real Estate Agency Offers an Apartment in Barcelona for Sale in Bitcoin- Taxes Must Be Paid in Fiat

February 26th, 2021

A Spanish real estate platform has listed its first-ever property for sale for cryptocurrency. The offer is entirely online, and whoever wants to buy the apartment in Barcelona must pay in bitcoin. Anyone Interested Can Pay 3.5 BTC for the Property Per an official announcement, Idealista is seeking to sell its first property via BTC…

Bitcoin Tanks 7 percent Following Dow Jones Plunge In A Risk-Asset Sell-off, GBTC Premium Vanishes

February 26th, 2021

On Thursday, February 25, the U.S. markets plunged with Dow Jones (INDEXDJX: .DJI) tanking over 500 points in a single day. The surge in the U.S. bond yield to 1.6% has created havoc in the global markets along with the fears of inflation forcing traders to reevaluate their position across different asset classes.  The ripple effect…

Bitcoin Futures Open Interest Hits $19 Billion, Harsh Intraday Swings, Analyst Says ‘Fresh Rally’ Expected

February 25th, 2021

The start of the week saw digital currency markets drop significantly in value, as billions of dollars were shaved off the entire crypto economy’s capitalization. A weekly report from Luno and Arcane Research shows February 23 captured the third-largest bitcoin daily trade volume in crypto history, as spot market volume saw $18 billion change hands….

Bitcoin Mining Firm Northern Data AG Plans for a $500 Million IPO

February 24th, 2021

While the public prepares for the upcoming Coinbase public offering, the mining firm Northern Data AG is reportedly planning to go public as well. Sources say that the mining business is in talks with Credit Suisse Group to launch an initial public offering (IPO) in the United States. Report: Sources Say Northern Data AG IPO…

Bitcoin Back Above $50K As Purpose Bitcoin ETF & Square Inc Buy The Dips

February 24th, 2021

After tanking sub $46,000 levels on Tuesday, February 23, Bitcoin (BTC) has registered a strong 10% pullback and is once again above $50,000. It turns out big market players have been once again buying the Bitcoin (BTC) dips and making the most of the opportunity. Jack Dorsey-backed Square Inc announced that it is purchasing 3318…

BTC correction far from over amid weakening technical levels

February 23rd, 2021

Bitcoin is holding slightly above $52,000 on Tuesday towards the end of the Asian session. The flagship cryptocurrency dipped under $50,000 on Monday and retested support around $46,000. The rejection from the all-time high of $58,400 on Coinbase cut short the mission to hit levels above $60,000. At the time of writing, BTC is trading…

Cape Cod’s Largest Hospital Gets Bitcoin Donations Worth $800K

February 23rd, 2021

One of Cape Cod’s largest hospitals received two bitcoin donations this year totaling $800,000 in value. The Massachusetts-based not-for-profit medical center (NPO), Cape Cod Healthcare, explained that an anonymous donor donated $400k last Friday and the NPO received a $400k bitcoin donation last month as well. Cape Cod Healthcare Gets $800K in Bitcoin Donations The…