Blog: Bitcoinist.com

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Author Alex Kyriakopoulos, Bitcoinist, Cole Petersen, Eduardo Próspero, Himadri Saha, Joseph Young, Nick Chong, San Lee, Tony Spilotro, Yashu Gola,
Stats Has published 1244 posts about cryptocurrency

Apr 11 2021

CryptoPunks NFTs Get $6M in Bids From a Single Account

NFTs are here to stay. CryptoArt is hotter than ever. CryptoPunks keep breaking records. As Christie’s auction approaches, the demand for the original...

Bitcoin Miner Revenue Hits New All Time High Among Other Key Metrics: Potential Bull Case?

Total Bitcoin miner revenue has been on a steady uptrend since the start of the year, hitting its new all time high on Friday. According to figures from on-chain analytics site Glassnode, miners are now making an...

Is Bitcoin Following S2F Model? How a $200K Top Could be in Sight

Apr 11 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin price btcusd btcusdt s2f

Is Bitcoin a commodity? It is, according to most regulatory agencies including the CFTC. But is Bitcoin a store of value (SoV) commodity? That seems to be the current consensus. Most of the investors are treating it as so, and calling it “Gold 2.0.” Well, if that’s the case, then Bitcoin should follow the stock-to-flow model. At least to...

Apr 10 2021

Coinbase Reports Incredible Quarter, But Valuations Remain Uncertain: What to Expect

Crypto exchange giant Coinbase released its earnings for the first fiscal quarter of 2021 ahead of its direct listing on the Nasdaq on April 14. Its revenue skyrocketed to a record-setting $1.8 billion -- singlehandedly topping all...

Bitcoin Investment Firm NYDIG Raises Additional $100 Million

Crypto investment provider NYDIG raised an additional $100 million in growth capital earlier this week. The new funding round featured MassMutual, Stone Ridge Holdings, New York Life, and Liberty Mutual Insurance, among others as strategic partners. This follows the investment firm’s...

Apr 09 2021

Over 70% of US investors looking to DeFi in 2021

Apr 09 2021 Published at Bitcoinist.com under tags  defi industry

If participating in DeFi doesn't make you feel like standing at the gates of disruption, just waiting for someone to turn around the key, you're likely doing it wrong. To contextualize the changes in DeFi over the last year, it is essential to recap that, just one year ago, in April of 2020,...

Bank Begins Blocking Shares Of Companies Who Buy Bitcoin

Apr 09 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

At the height of the last so-called Bitcoin "bubble" banks began feeling the crunch of coming competition and began blocking transactions related to "virtual currencies." But as we've seen as of late, banks are finally coming around along with the rest of the finance world. However, not all banks are hopping on the bandwagon, and others are back to their old bag of...

Bitcoin Miner Riot Blockchain Invests $780 Million to Expand Operations

Bitcoin mining firm Riot Blockchain announced its milestone purchase...

A Bitcoin Correction Towards $55,000 Likely At The End of Week

Key Bitcoin Price Outlook Bitcoin reaches a short-term resistance trendline that constitutes a descending channel pattern. The cryptocurrency risks upside rejection heading into the weekend session. Its downside target lurks near $55,000. Sliding US bond...

Bitcoin Eyes Long-Term Benefits on Central Banks’ Dollar Ditch

If global central banks are any indicator, the bitcoin price can continue its supersonic bull run despite hitting a pause in the past three weeks. At the core of the bullish theory is the US dollar. True, the global store of value has attempted impressively to emerge out of its 2020 bearish trend, the one that...

Apr 08 2021

Stock-To-Flow Creator: Bitcoin Cycle “Nowhere Near The Top”

Apr 08 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price still can't crack back above $60,000 and prices are slowly moving downward. And while the creator of the popular stock-to-flow model agrees there's no avoiding regular corrections in the leading cryptocurrency, the top of the current cycle is "nowhere near." Here's a closer look at why the model's creator is so confident in further price appreciation, along with a technical...

eToro appoints Dr. Hedva Ber, Israel’s former Banking Supervisor, as Deputy CEO and Global COO

Apr 08 2021 Published at Bitcoinist.com under tags  etoro trade

April 6, 2021 - Global multi-asset investment platform eToro, today announces the appointment of Dr. Hedva Ber as Deputy CEO and Global Chief Operating Officer (COO). Dr. Ber will lead eToro's operational infrastructure, corporate governance, compliance and regulatory affairs, legal, risk management, and social responsibility....

Boom for Bitcoin as Macro Analysts Stick to Their Bearish Dollar Calls

Bitcoin and the US dollar have stopped caring about their inverse correlation heading into 2021. The flagship cryptocurrency closed the first quarter more than 100 percent higher as more and more institutions became accustomed to its safe-haven characteristics. For instance, US carmaker Tesla...

Many Bitcoin Analysts Call For Rally Beyond $70,000; Here’s Why

Bitcoin traders and analysts are sticking to their conviction that the cryptocurrency's price will hit at least $70,000 in the coming sessions. At the core of their upside outlook lies a classic technical indicator. Dubbed as Ascending Triangle, the pattern forms when an asset forms two or more rising...

Grayscale Bitcoin Trust to Convert to an ETF, Premium Remains Negative: What’s Next?

Earlier this Monday, Grayscale Investments announced its plans to transform Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund. Up until recently, GBTC was one of the only investment funds for institutions and retail investors alike. Amidst growing competition, however, the fund’s...

Apr 07 2021

Bitcoin Bulls Risk Losing Uptrend Line From Sub-$20K

Apr 07 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is back under $57,000 after losing an important trend line that has supported the cryptocurrency's now historic uptrend. The critical uptrend line began just after the leading cryptocurrency by market cap cracked back above $20,000 for the first time, and it never looked back since. Losing such a line, however, could lead to the first extended return to prices previously traded...

A Big Glitch Appears in Bitcoin Bullish Bias: Rising Rate Hikes Bets

There are more traders now that prefer to hold Bitcoin than selling it to realize earlier profits. It is indicative of a major price boom ahead for the flagship cryptocurrency, which has already surged by almost 1,380 percent from its 2020's nadir of $3,858 (data from Coinbase). Bitcoin Rise to Glory Lower interest rates have provided one of the most strengthening bullish tailwinds...

A Potential Bitcoin Price Explosion Above $60,0000 is Brewing; Here’s Why

Apr 07 2021 Published at Bitcoinist.com under tags  bitcoin bitcoin price btc btcusdt paypal

Has the Bitcoin market topped out as traders constantly fail to achieve a breakout move above $60,000? Apparently, no....

Apr 06 2021

Bitcoin and Crypto Market Roundup For Last Week

Apr 06 2021 Published at Bitcoinist.com under tags  bitcoin crypto trade

As corporations like Visa and PayPal join Wall Street banks in expanding their crypto offerings,...

Bitcoin Miners Dumping Half A Million BTC Couldn’t Dent Bull Rally

Apr 06 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is still fighting to break back above $60,000 per coin, but things could push higher according to miner behavior. After dumping more than a half a million BTC on the market during the bull rally, and barely being able to make a dent in terms of price decline, miners might have finally given in and started holding their coins for the...