Cryptocurrency Analysis and News Portal
Since 2017, investors have been anxiously awaiting a Bitcoin ETF approval as the existence of such a fund was an important symbol of mass adoption and acceptance from the realm of traditional finance. On Feb. 18, the Toronto Stock Exchange hosted the official launch of the Purpose Bitcoin ETF and the
Read More
Google Finance has added crypto prices to the finance.google.com domain. The section, titled “Crypto,” now appears in the “Compare Markets” category alongside conventional stock and currency markets. The section provides key pricing information for various cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).Google Finance users can
Read More
The price of Bitcoin (BTC) has dropped to the key $44,000-$45,000 support level on Feb. 28 for the third time in the past week.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingviewThe BTC/USD pair briefly dipped below $44,000 on Bitstamp before paring some of the losses, bouncing back above $45,000 at the
Read More
Historical data shows that it is nearly impossible to consistently predict Bitcoin’s price action and many traders that attempt this end up losing money. Now that Bitcoin trades near $50,000, the ultimate goal for most traders is to hold on to their current holdings and incrementally add to them in
Read More
After a violent price reversal last week that saw Bitcoin retreat from all-time highs, traders and analysts are now eyeing major players and investors to gauge BTC’s next move — and so far the reaction is decidedly mixed.Data from on-chain analytics firm Glassnode indicates that the number of Bitcoin whales
Read More
In brief:25,600 Bitcoin has left Coinbase in the last week13k Bitcoin left Coinbase on the 25th of FebruaryThis shows that institutions are scooping up the Bitcoin dip with Coinbase facilitating a majority of the ordersBitcoin bullishness might be reignited thanks to the passing of a $1.9 Trillion stimulus bill by
Read More
The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond. Data from Cryptox Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late
Read More
Analysts of JPMorgan highlighted the evaporating liquid supply as multi-billion dollar institutions and corporations are buying substantial quantities at a fast rate.JPMorgan Chase & Co (NYSE: JPM) strategists have suggested that investors should consider moving 1% of their portfolio into Bitcoin to serve as a hedge against fluctuations in traditional
Read More
In brief:Grayscale Bitcoin Trust (GBTC) closed yesterday at a 3.77% discountA discounted GBTC could point towards bearish Bitcoin sentiment amongst institutional investorsBitcoin dipped to the $44k support zone and could be headed lower with the weekly/monthly closeThe Grayscale Bitcoin Trust (GBTC) closed trading yesterday, February 25th, at a 3.77% discount.
Read More
Bitcoin’s price rose significantly in January. The Chicago Mercantile Exchange, or CME, also hit record Bitcoin (BTC) futures trading numbers in the same month. “In January, BTC average daily volume (ADV) reached a monthly record of 17,549 contracts (87.7K equivalent bitcoin),” a CME representative told Cryptox. Each CME Bitcoin futures contract
Read More