The Bitcoin paradox presents something of a predicament. On the one hand, Bitcoin sells itself as a financial equalizer. But at the same time, it's one of the world's most unequally distributed assets. David Lin, of Kitco News, raised this point in discussion with the Director of Research at GraniteShares, Ryan Giannotto. Giannotto agreed with Lin's assessment, calling this one of the...
Bitcoin has undergone an extremely strong rally over recent months, despite the ongoing drop. The cryptocurrency, which trades for $36,000, is up around 100 percent in the past six weeks, and even more over the past six months. Other cryptocurrencies aside from BTC have also done well....
Mark Cuban and Raoul Pal have shared their predictions on the future of the crypto space. Pal suggested that he thinks Ether could hit as high as $20,000. Ethereum Drawing Institutional Interest Mark Cuban and Raoul Pal are the latest big players to share their thoughts on crypto's future. ...
This week's wNews column explores the various ways to measure retail's entry into cryptocurrency, as well as why the world's richest man is so obsessed with Dogecoin. Besides DOGE's...
Cryptocurrency markets have revealed the power of global, never-sleep financial markets. The low barrier to entry has also boosted digital assets' mass appeal. A small German company is now bringing these advantages to Google, Tesla, and other popular American stocks. And this time around, U.S. citizens will be left out of the innovation....
This analysis was brought to you by Alpha Alarm, a Substack newsletter featuring daily crypto analysis. You can subscribe here. The market sentiment around Bitcoin is improving once again. Bitcoin strongly recovered from $30,500, solidifying it as a major support area. Oaktree's Howard Marks, who was a...
Hot on the heels of Coinbase, New York-based rival crypto exchange Gemini could also be going public. Encouraged by a swell tide of interest in crypto, Co-Founders Cameron and Tyler Winklevoss told Bloomberg they are open to the idea. "We are definitely considering it and making sure that we have...
If the recipient of a U.S. stimulus payment in April invested the check into Bitcoin, the check would now be worth $6,495. Since April, in merely nine months, the price of Bitcoin has rallied 441%, posting one of its strongest rallies in recent history. $6495 (+441%)...
FinCEN has provided an additional 15 days for comment on a regulatory proposal that would require cryptocurrency exchanges to monitor self-hosted, off- exchange wallets. FinCEN's New Rule In December, FinCEN...
Bitcoin and stock markets jumped in anticipation of President-elect Joe Biden's plans for a COVID-19 stimulus package amid rising employment claims. Democratic Government Add More Stimulus The S&P 500 index gained 0.3%, trading at par with its all-time high value of $3,826.7. Bitcoin also pushed towards $40,000 yet again, favoring strong demand and Biden's stimulus news acting as a robust catalyst....
The price of Bitcoin has recovered strongly overnight, rising from around $34,000 to $38,500. The 10% rally coincides with Grayscale reopening its products. Last month, Grayscale closed its products for new investors. Since Christmas, the Grayscale Bitcoin Trust did not report any additional inflow as a result. The Grayscale Bitcoin Trust is the go-to investment vehicle for institutions in the U.S. to gain...
More analysts are beginning to believe that Ethereum could achieve $10,000 to $20,000 in the long-term. The $20,000 target was first brought upon during this bull cycle by Real Vision Group CEO Raoul Pal. The industry executive noted that Ethereum is following Bitcoin's growth trajectory based on Metcalfe's law....
Bitcoin faced a strong dip last weekend and early this week. The cryptocurrency fell from the $42,000 highs set late last week to lows at $30,000 on some spot exchanges. During the move lower, there was a large ejection of leveraged traders. As CryptoSlate reported previously, in excess of $2.8 billion worth of cryptocurrency market futures positions...
On January 12, the day the price of Bitcoin dropped from $41,000 to $30,500, over $2.5 billion worth of futures contracts were liquidated. The derivatives market, which was extremely overleveraged and overcrowded, saw a massive reset. Following the shakeout, a pseudonymous trader known as...
Bitcoin bounces at $30k support to allay fears of a complete capitulation. Nonetheless, the 30% drop from last Friday's high was a real wake-up call for investors. More so for the over-leveraged longs who, to their detriment, chose to ignore the warning signs. As much as recent weeks have been a boon for hodlers, yesterday's dip...
The demand for Bitcoin is increasing as the rising volatility shows. Coinbase, the largest cryptocurrency exchange in the U.S., recorded $9 billion in daily volume on Jan. 11. Yesterday, Coinbase, Kraken, and several other exchanges and data providers saw technical difficulties amid record-high trading volume. The explosive increase in the trading...
Grayscale has reopened the sale of its Bitcoin Trust shares to new investors after three weeks. The leading cryptocurrency faces a shortage of demand from existing Grayscale...
Bitcoin has led the one-year gain versus top technology shares like Facebook, Amazon, Apple, Netflix, and Google, including the S&P 500 index. The only company rising in BTC terms is...
Reading Time: 3 minutes Bitcoin has started to recover after its drop to $30,500 yesterday The 26% correction was anticipated after a record-busting move to $42,000 The correction could usher in a proper alt season Bitcoin has begun its recovery after $10,500...
Bitcoin jubilation turns to panic as the market downturn takes hold. The last 24-hours have seen $260 billion wiped from the crypto market cap in what can only be described as a blood bath. Indications of a dip began to show over the weekend when Bitcoin failed to hold the crucial $38.8k level. Since then, a continuation of the downtrend today...
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