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Bitcoin News

MicroStrategy’s Michael Saylor Defends the Massive $2.2 Billion Bitcoin (BTC) Debt

On Thursday, July 29, business intelligence firm MicroStrategy revealed its second quarter results for 2021 declaring over $600 million with impairment losses with its bitcoin holdings. But company CEO and Bitcoin evangelist Michael Saylor continues to remain ultra-bullish on the future of Bitcoin. Saylor noted that buying Bitcoin right now is similar to buying Bitcoin

On Thursday, July 29, business intelligence firm MicroStrategy revealed its second quarter results for 2021 declaring over $600 million with impairment losses with its bitcoin holdings. But company CEO and Bitcoin evangelist Michael Saylor continues to remain ultra-bullish on the future of Bitcoin. Saylor noted that buying Bitcoin right now is similar to buying Bitcoin

Bitcoin News
Bitcoin News

Bitcoin (BTC) Shoots $42,000 As $45 Billion Asset Manager GoldenTree Starts Buying

Institutional inflows in Bitcoin (BTC) continue to grow at a faster rate. Just two days after banking giant State Street announced its crypto services, another $40+ billion asset manager GoldenTree has announced its investment in the world’s largest cryptocurrency. As a result, the Bitcoin (BTC) price is up 5% today shooting all the way to

Institutional inflows in Bitcoin (BTC) continue to grow at a faster rate. Just two days after banking giant State Street announced its crypto services, another $40+ billion asset manager GoldenTree has announced its investment in the world’s largest cryptocurrency. As a result, the Bitcoin (BTC) price is up 5% today shooting all the way to

Bitcoin News
Bitcoin News

Bitcoin (BTC) Shoots 8% Closing Above 200 EMA, $45,000 In Sight

Bitcoin (BTC) is up 8% today making another attempt to move past its crucial resistance of $40,000. At press time, Bitcoin (BTC) is trading at a price of $39,828 with a market cap of $747. Bitcoin has picked up strong momentum amid rumors of Amazon integrating BTC payments. However, Amazon has confirmed that there are

Bitcoin (BTC) is up 8% today making another attempt to move past its crucial resistance of $40,000. At press time, Bitcoin (BTC) is trading at a price of $39,828 with a market cap of $747. Bitcoin has picked up strong momentum amid rumors of Amazon integrating BTC payments. However, Amazon has confirmed that there are

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Bitcoin News
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Bitcoin News

GBTC Premium Rebounds Sharply With Bitcoin (BTC) Price Rise, Whale Buying Continues

On Monday, July 26, the Bitcoin (BTC) price registered a strong recovery on its way to $40,000. This price rebound happened through a short squeeze with over $600 million in short positions getting liquidated in an hour’s time. As a result, the Grayscale Bitcoin Trust (GBTC) premium registered a sharp rebound. Moving closer to the

On Monday, July 26, the Bitcoin (BTC) price registered a strong recovery on its way to $40,000. This price rebound happened through a short squeeze with over $600 million in short positions getting liquidated in an hour’s time. As a result, the Grayscale Bitcoin Trust (GBTC) premium registered a sharp rebound. Moving closer to the

Trading Techniques
Bitcoin News
Trading Techniques
Bitcoin News

Amazon News Shoots Bitcoin (BTC) Price By 15%, Over $640 Million of Short Positions Liquidated

Bitcoin (BTC) has skyrocketed 15% today moving all the way past $38,500 in a strong bounce back. The news that e-commerce giant Amazon is working to integrate Bitcoin payments at their end has brought all the fireworks. At press time, Bitcoin (BTC) is trading at $38,315 with a market cap of $719 billion. Over $640

Bitcoin (BTC) has skyrocketed 15% today moving all the way past $38,500 in a strong bounce back. The news that e-commerce giant Amazon is working to integrate Bitcoin payments at their end has brought all the fireworks. At press time, Bitcoin (BTC) is trading at $38,315 with a market cap of $719 billion. Over $640

Bitcoin News
Bitcoin News

JPMorgan Becomes First U.S. Bank to Offer Crypto Funds to Retail Wealthy Clients

On Thursday, July 22, Business Insider reported that JPMorgan has given a go-ahead to its advisors to offer clients crypto fund services. This is for the first time that the U.S. bank is expanding its crypto services from just ultra-wealthy clients now to retail-wealthy clients as well! In a memo published earlier this week on

On Thursday, July 22, Business Insider reported that JPMorgan has given a go-ahead to its advisors to offer clients crypto fund services. This is for the first time that the U.S. bank is expanding its crypto services from just ultra-wealthy clients now to retail-wealthy clients as well! In a memo published earlier this week on

Bitcoin News
Bitcoin News

Elon Musk’s Comments Help Bitcoin (BTC) and Ethereum (ETH) Rally, But Key Resistance Still Intact

Tesla chief and billionaire Elon Musk weighed in on Bitcoin speaking at the B-word conference on Wednesday, July 21. Musk’s positive commentary on Bitcoin (BTC) and his declaration of holding Ethereum (ETH) served as a booster shot to the two largest crypto assets. Bitcoin (BTC) is up 7.74% at press time trading at $32,034 with

Tesla chief and billionaire Elon Musk weighed in on Bitcoin speaking at the B-word conference on Wednesday, July 21. Musk’s positive commentary on Bitcoin (BTC) and his declaration of holding Ethereum (ETH) served as a booster shot to the two largest crypto assets. Bitcoin (BTC) is up 7.74% at press time trading at $32,034 with

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Bitcoin News
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Bitcoin News

Bitcoin (BTC) Secures Position Above $30,000, Don’t Rush To Buy Yet

After taking a nosedive under $30,000 on Tuesday, July 20, Bitcoin (BTC) is back once again securing its crucial support. At press time, the BTC price is up 3.59% at $30,694, and a market cap of $575 billion. The world’s largest cryptocurrency has been showing highly volatile performance over the last few weeks, and thus

After taking a nosedive under $30,000 on Tuesday, July 20, Bitcoin (BTC) is back once again securing its crucial support. At press time, the BTC price is up 3.59% at $30,694, and a market cap of $575 billion. The world’s largest cryptocurrency has been showing highly volatile performance over the last few weeks, and thus

Bitcoin News
Bitcoin News

Cathie Wood’s Ark Invest Buys Additional 300K Shares of the Grayscale Bitcoin Trust (GBTC)

While Bitcoin (BTC) continues to trade under pressure, institutions are back at buying the dips once again. On Monday, July 19, Cathie Wood’s Ark Investment purchased an additional 300K of the Grayscale Bitcoin Trust (GBTC). As reported by The Street citing the subscription to Ark’s trading activity, the investment firm purchased 310,067 shares of GBTC at the

While Bitcoin (BTC) continues to trade under pressure, institutions are back at buying the dips once again. On Monday, July 19, Cathie Wood’s Ark Investment purchased an additional 300K of the Grayscale Bitcoin Trust (GBTC). As reported by The Street citing the subscription to Ark’s trading activity, the investment firm purchased 310,067 shares of GBTC at the

Bitcoin News
Bitcoin News

Breaking: Bitcoin (BTC) Service Provider BlockFi In Trouble, Faces Cease And Desist Order

As per the latest report from Forbes on Monday, July 19, BlockFi – the multi-billion dollar Bitcoin (BTC) financial services provider – has received a cease and desist order from the New Jersey Bureau of Securities. The Bureau of Securities operating is likely to ask BlockFi to stop interest-bearing accounts. The same has been confirmed

As per the latest report from Forbes on Monday, July 19, BlockFi – the multi-billion dollar Bitcoin (BTC) financial services provider – has received a cease and desist order from the New Jersey Bureau of Securities. The Bureau of Securities operating is likely to ask BlockFi to stop interest-bearing accounts. The same has been confirmed

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Bitcoin News
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Bitcoin News

BTC Price Analysis: Bitcoin (BTC) Tanks Under $30,000, Here are Next Support Levels

The world’s largest crypto Bitcoin (BTC) continues its downward journey falling under it another crucial support of $30,000. At press time, Bitcoin is down 6.09% trading at $29,598 with a market cap of $555 billion. The price crash comes as the unique number of addresses interacting with the Bitcoin blockchain has been on a constant

The world’s largest crypto Bitcoin (BTC) continues its downward journey falling under it another crucial support of $30,000. At press time, Bitcoin is down 6.09% trading at $29,598 with a market cap of $555 billion. The price crash comes as the unique number of addresses interacting with the Bitcoin blockchain has been on a constant

Bitcoin News
Bitcoin News

Rothschild Investment Purchased Over 100K Shares of Grayscale Bitcoin Trust (GBTC) Last Quarter

The GBTC unlock has created a major buzz in the crypto space over the last week weeks about how it shall affect the price of Bitcoin (BTC). However, it turns out that institutional players continue to have an interest in Grayscale crypto products. As per the SEC filing on Monday, July 19, Chicago-based institutional player

The GBTC unlock has created a major buzz in the crypto space over the last week weeks about how it shall affect the price of Bitcoin (BTC). However, it turns out that institutional players continue to have an interest in Grayscale crypto products. As per the SEC filing on Monday, July 19, Chicago-based institutional player

Bitcoin News
Bitcoin News

This Mega-Whale Purchased Around 30,000 Bitcoins (BTC) Over the Last Weekend

Bitcoin (BTC) has been trading under pressure over the last week and now consolidating at around $31,500 levels. With the BTC price down 9% on the weekly charts, whales are seeing this as an opportunity to add more. As per data on BitInfoCharts, a Bitcoin mega-whale has purchased nearly 30,000 Bitcoins over the last weekend

Bitcoin (BTC) has been trading under pressure over the last week and now consolidating at around $31,500 levels. With the BTC price down 9% on the weekly charts, whales are seeing this as an opportunity to add more. As per data on BitInfoCharts, a Bitcoin mega-whale has purchased nearly 30,000 Bitcoins over the last weekend

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Bitcoin News
Bitcoin-mining-selling
Bitcoin News

Bitcoin (BTC) Mining Difficulty Drops Another 5% But Hashrate Picks Up

In the latest adjustment on Saturday, July 17, has dropped by another ~5% in its fourth consecutive drop. The previous adjustment saw the highest drop in percentage terms dropping 28% a fortnight back. With the latest drop, the Bitcoin mining difficulty has had a new low since January 2020. This drop comes as a lot

In the latest adjustment on Saturday, July 17, has dropped by another ~5% in its fourth consecutive drop. The previous adjustment saw the highest drop in percentage terms dropping 28% a fortnight back. With the latest drop, the Bitcoin mining difficulty has had a new low since January 2020. This drop comes as a lot

Bitcoin News
Bitcoin News

Bitcoin’s (BTC) Correlation With S&P 500 Turns Negative for the First Time In 2021

Bitcoin (BTC) continues to show volatility while trading in a closed range between $30,000-$35,000. At press time, Bitcoin is down 3.88% trading at $33,142 with a market cap of $620 billion. As BTC continues to trade under pressure, it has now entered into a negative correlation with the S&P 500 (INDEXSP: .INX) index. As a

Bitcoin (BTC) continues to show volatility while trading in a closed range between $30,000-$35,000. At press time, Bitcoin is down 3.88% trading at $33,142 with a market cap of $620 billion. As BTC continues to trade under pressure, it has now entered into a negative correlation with the S&P 500 (INDEXSP: .INX) index. As a

Bitcoin News
Bitcoin News

JPMorgan: El Salvadors’ Bitcoin Adoption Could Pose Challenge for the Country

Wall Street giant JPMorgan isn’t quite happy with El Salvador making Bitcoin (BTC) a legal tender in the country. The banking firm noted that passing the Bitcoin law could pose a challenge for Bitcoin as well as the cryptocurrency itself. Analysts of JPMorgan noted that Bitcoin’s daily trading volume hits anywhere between $40 to $50

Wall Street giant JPMorgan isn’t quite happy with El Salvador making Bitcoin (BTC) a legal tender in the country. The banking firm noted that passing the Bitcoin law could pose a challenge for Bitcoin as well as the cryptocurrency itself. Analysts of JPMorgan noted that Bitcoin’s daily trading volume hits anywhere between $40 to $50

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Bitcoin News
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Bitcoin News

As Bitcoin (BTC) Breaks Down Under $33,000, Here Are Key Levels to Watch Out

Thursday, July 8, saw another bloodbath on Satoshi Street with Bitcoin (BTC) and altcoins coming crashing down in the early hours. At press time, Bitcoin is trading 2.57% down at $32,556 levels with a market cap of $608. The world’s largest cryptocurrency has been showing high volatility over the last few weeks but remains range-bound

Thursday, July 8, saw another bloodbath on Satoshi Street with Bitcoin (BTC) and altcoins coming crashing down in the early hours. At press time, Bitcoin is trading 2.57% down at $32,556 levels with a market cap of $608. The world’s largest cryptocurrency has been showing high volatility over the last few weeks but remains range-bound

Bitcoin News
Bitcoin News

U.S. Senators And Their Bitcoin or Crypto Purchases, The Game Gets Real

“If you can’t beat them, join them”! The saying couldn’t be more true in the current scenario as lawmakers who were once bashing Bitcoin and crypto and now warming up to them. In the latest financial disclosure, a bunch of U.S. lawmakers has disclosed their exposure to Bitcoin and crypto-assets. In the latest disclosure, U.S.

“If you can’t beat them, join them”! The saying couldn’t be more true in the current scenario as lawmakers who were once bashing Bitcoin and crypto and now warming up to them. In the latest financial disclosure, a bunch of U.S. lawmakers has disclosed their exposure to Bitcoin and crypto-assets. In the latest disclosure, U.S.

Bitcoin News
Bitcoin News

Bitcoin (BTC) Faces Another Strong Resistance at $35,000, Here’s The On-Chain Metrics

Bitcoin (BTC) continues to face down pressure as the world’s largest cryptocurrency faced another rejection above $35,000 levels. On Sunday, July 4, BTC made a move all the way above $35,900 levels but could sustain only for a few hours. Wiping out all its weekend gains, BTC is back under $34,000 as of now on

Bitcoin (BTC) continues to face down pressure as the world’s largest cryptocurrency faced another rejection above $35,000 levels. On Sunday, July 4, BTC made a move all the way above $35,900 levels but could sustain only for a few hours. Wiping out all its weekend gains, BTC is back under $34,000 as of now on

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Bitcoin News
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Bitcoin News

Binance: Despite Regulatory Crackdown By 6 Countries, Binance’s Bitcoin (BTC) Holdings Remain Intact

Binance, the world’s largest crypto exchange by trading volumes, has been facing a slew of regulatory hurdles recently. Over the last week, regulators from more than 6 countries have started investigations in Binance citing the exchange doesn’t meet regulatory requirements. Interestingly, this has had little impact on Bitcoin deposits at the exchange. The Binance Bitcoin

Binance, the world’s largest crypto exchange by trading volumes, has been facing a slew of regulatory hurdles recently. Over the last week, regulators from more than 6 countries have started investigations in Binance citing the exchange doesn’t meet regulatory requirements. Interestingly, this has had little impact on Bitcoin deposits at the exchange. The Binance Bitcoin