Search Results for: KOL

Grayscale Bitcoin Trust Inflows Estimated at $1 Billion per Month – Why It Matters for BTC

Bitcoin whale support has definitely been a major factor fueling Bitcoin’s rally to $24K, but it appears that the cryptocurrency may now be in overbought territory. According to JPMorgan Chase analysts, the cryptocurrency’s value has tripled in 2020 alone, with many large-scale institutions backing the digital currency heavily and diversifying their treasury reserves with Bitcoin. … Continue reading Grayscale Bitcoin Trust Inflows Estimated at $1 Billion per Month – Why It Matters for BTC

Thai Regulator Warns Against Unlicensed Crypto Firms as Cryptocurrency Trading Ramps Up

The Securities and Exchange Commission of Thailand (SEC) warns investors to closely monitor investments on crypto assets because of risks associated with high volatility, thus highlighting the need for investors to only invest and trade with market players regulated by the agency. Ruenvadee Suwanmongkol, SEC secretary-general said: “Cryptocurrencies are traded around the world just like … Continue reading Thai Regulator Warns Against Unlicensed Crypto Firms as Cryptocurrency Trading Ramps Up

Bitcoin Billionaire Tyler Winklevoss Pushes BTC Scarcity as 26% of US Dollars Were Printed in 2020

The Bitcoin price has more than doubled in less than a month with easy monetary conditions and trillions of dollars in fiscal stimulus leading many investors to view the token as a new inflation hedge. The Trump administration reported in early October 2020, that the deficit for the budget year that ended on Sept. 30, … Continue reading Bitcoin Billionaire Tyler Winklevoss Pushes BTC Scarcity as 26% of US Dollars Were Printed in 2020

Tyler Winklevoss Continues to Tout Bitcoin as Break past $40,000 Price Level Anticipated

Whether Bitcoin is experiencing a rainy day or not, Gemini co-founder Tyler Winklevoss will always be backing the digital asset. Winklevoss has asserted time and again that the digital asset was the only long-term hedge against inflation. As Biden’s Covid-19 relief plan and stimulus package is set at $1.9 trillion, the debasement of the US … Continue reading Tyler Winklevoss Continues to Tout Bitcoin as Break past $40,000 Price Level Anticipated

JPMorgan Strategists Explain Why Bitcoin is Currently the "Least Reliable Market Hedge" as BTC Price Drops

Bitcoin’s price has been down by 11% in the last 24 hours. After sustaining above the $35,000 threshold for most of the week, the mainstream cryptocurrency has faltered, even dropping to lows of $29K mark momentarily. At the time of writing, its price is still holding above the $30,000 level, trading around $31,000. Market analysts … Continue reading JPMorgan Strategists Explain Why Bitcoin is Currently the "Least Reliable Market Hedge" as BTC Price Drops

Bitcoin’s Bounce Back to $40,000 in Jeopardy as Grayscale Investments Slacken

After surging to a high of $41,500 in recent weeks, Bitcoin (BTC) has been trying in vain to breach the $40,000 level, which industry experts have acknowledged as a critical point needed to be shuttered for the leading cryptocurrency to regain steam. BTC is trading at $33,300 at the time of writing, according to CoinMarketCap. … Continue reading Bitcoin’s Bounce Back to $40,000 in Jeopardy as Grayscale Investments Slacken

3 Reasons Why Bitcoin Price Will Continue Rising

Institutional money continues to flow, price volatility is subsiding, and the Federal Reserve has no plans to taper its economic relief spending—here are three reasons why the Bitcoin price will continue rising this year. Bitcoin Hedge and Economic Relief Spending At the conclusion of its FOMC meeting on Wednesday, the United States Federal Reserve voted … Continue reading 3 Reasons Why Bitcoin Price Will Continue Rising

Cryptocurrency Payments now Accepted at Tifon Gas Stations in Croatia as Firm Hopes to Tap Tourist Trade

Croatian fuel wholesale and retail company Tifon, a subsidiary of Budapest-based MOL Hungarian Oil and Gas PLC, has announced that it now allows cryptocurrency payments for fuel and other services and products at its petrol stations across Croatia. As per the report revealed on February 4, all Tifon’s fuel stops will accept cryptocurrencies including Bitcoin … Continue reading Cryptocurrency Payments now Accepted at Tifon Gas Stations in Croatia as Firm Hopes to Tap Tourist Trade

Will CME's Ethereum Futures Launch Send Ether Price Higher?

Ether has been in a short-term downward trend ever since the crypto hit its ATH on the weekend and is now trading just above the $1600 support level. With the launch of CME’s Ethereum futures contracts imminent, what can we expect from the Ether price? Ethereum’s price has been grabbing headlines after Ether hit a … Continue reading Will CME's Ethereum Futures Launch Send Ether Price Higher?

Tesla’s Bitcoin Investment is Revolutionary for Crypto but Other Firms May Not Do The Same Just Yet – JPMorgan

Tesla, the latest institutional giant to make a Bitcoin purchase, has rekindled a positive sentiment within the crypto market and sent BTC to a new all-time high of over $40K with its $1.5 billion endorsement. With billionaire Elon Musk’s Tesla joining other institutions such as MicroStrategy and Square in adding Bitcoin to its treasury reserve, … Continue reading Tesla’s Bitcoin Investment is Revolutionary for Crypto but Other Firms May Not Do The Same Just Yet – JPMorgan

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