Summary: MicroStrategy CEO Michael Saylor believes Bitcoin will benefit from the regulatory clarity initiated through the crypto bill by Senators Lummis and Gillibrand. Mr. Saylor says that such regulatory clarity will facilitate and accelerate the participation...
Late last week, Bitcoin (BTC) finally broke out after days of consolidation, surging above $9,000 for the first time in weeks. At the high yesterday, the cryptocurrency was changing hands for $9,200, up some 40% in...
Bitcoin’s face-ripping move higher over recent weeks has undoubtedly caught traders off guard. Below is a tweet from Joseph Young, a leading cryptocurrency analyst/journalist, who noted that short sellers of BTC have seen millions of dollars...
Booming Mining Ecosystem When nearly half of Bitcoin’s hash rate — a metric used to describe the level of computational power backing the network and processing BTC transactions — seemingly disappeared overnight earlier this week, investors...
Bitcoin Market Cycle Suggests Rally to Restart While Bitcoin seemingly moves with rhyme or reason, analysts suggest that there’s an underlying rhythm, much like a heartbeat, to this market. An individual recently posted the chart below...
Summary: Bitcoin’s drop to a local low of $22,600 has rekindled discussions surrounding MicroStrategy’s possible margin call on its $205 million loan if Bitcoin drops below $21k. However, MicroStrategy’s CFO had in early May clarified that...
Bitcoin to Hit $50,000 By EOY? Speaking with Bloomberg, Antoni Trenchev, head of Bitcoin lending platform Nexo, was quoted as saying that he expects for Bitcoin to “very easily” hit $50,000 — more than 500% above...
Bitcoin at $53k is the most significant on-chain support since $11k At the $53k price zone, Bitcoin maintains a $1 Trillion market cap Bitcoin miners have returned to accumulating BTC Bitcoin held by OTC desks has...
In summary: There is only one week left in the month of August. $11,600 and $11,200 are two support levels to watch for the remainder of the month. A monthly close above any of these two...
Key takeaways: Tron DAO Reserve has announced that it has purchased Bitcoin and TRX worth $50 million to add to USDD’s reserves. USDD is currently overcollateralized to the tune of 197%. The stablecoin of USDD is...
It appears that Bitcoin bears might finally be dead. For the fourth or the fifth day in a row, the leading cryptocurrency has rocketed higher, recently surging as high as $8,120 — the highest price the...
Turkey has announced a move to ban cryptocurrencies as a form of payment The Turkish Central Bank cites that cryptocurrencies can cause ‘non-recoverable’ losses due to their level of anonymity The crypto ban in Turkey begins...