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An “elegant” Bitcoin (BTC) metric that predicted its run to $12,000 in August has flashed bullish again for the first time since July.As noted by creator Charles Edwards on Dec. 3, the Hash Ribbons indicator is now signalling for buyers to enter the Bitcoin market.Hash ribbons post rare "blue dot"Uploading
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Canada-based investment firm Cypherpunk Holdings has dumped its holdings of two alternative cryptocurrencies and put the proceeds into bitcoin.In an announcement Thursday, the company said that its bitcoin holdings have increased to 276.479 BTC from the balance of 72.979 BTC seen at the end of the second quarter, a 279%
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Payments company Square said Tuesday it will buy Credit Karma’s tax business for $50 million and integrate it into its Cash App, a major hub for bitcoin sales.Cash App will make Credit Karma’s do-it-yourself tax-preparation software available to its 30 million monthly users for free, Square said. Those users already
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Bitcoin is exploding higher after days of consolidation under $19,000. The leading cryptocurrency as of this article’s writing
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According to analysis from Edward Morra, a popular Bitcoin trader, Coinbase and Bitfinex exchange now have major buy orders above $17,200. The emergence of major buy walls is important because on Nov. 18, BTC flash crashed to around $17,222. This shows that whales are using large buy orders to defend
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Measured in Big Macs, Bitcoin’s (BTC) purchasing power is approaching its highest level since the 2017 bull market, offering yet another indicator of the digital currency’s rapid appreciation.The global Bitcoin purchasing power index, or PPI, which measures how many McDonald’s Big Mac hamburgers you can buy with 1 BTC, rose
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The major reason why the economy took a down-plunge was as a result of the COVID-19 pandemic, the move to stock up on Bitcoin as a hedge against the imminent economic crash now seems to be a smart step.Bitcoin advocate Tyler Winklevoss has weighed in on the speech of the
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U.S. banks are looking at ways to handle crypto adoption in the wake of the Office of the Comptroller of the Currency’s (OCC) July decision to allow banks to provide custody for cryptocurrencies, Acting Comptroller Brian Brooks said in a podcast. That may mean partnering with or purchasing custodians, he said. Source
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The DeFi trend is finally dying down, and it has left even the once hottest and most hyped
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Circle CEO Jeremy Allaire claimed to have purchased $100 in BTC on the payment app. PayPal is yet to comment on Allaire’s claim.The CEO of Circle Internet Financial Limited Jeremy Allaire claimed to buy Bitcoin (BTC) worth $100 on PayPal Holdings Plc (NASDAQ: PYPL) in a tweet. Notably, PayPal said
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