Bitcoin faces pullback risk as U.S. stocks begin to drop following a six-week rally. U.S. stocks have started to correct as worries surrounding the pandemic are mounting. Meanwhile, Bitcoin (BTC) price has pulled back below $18,800 on Dec. 8 after struggling to break resistance at $19,500. The daily price chart of Bitcoin (Coinbase). Source: TradingView COVID-19 […]
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The Winklevoss twins have urged attendees of the Singapore Fintech Festival to educate themselves on Bitcoin, predicting BTC’s market cap will flip that of gold. Speaking during the Singapore Fintech Festival 2020 on Dec. 7, pioneering Bitcoin investors Cameron and Tyler Winklevoss reaffirmed previous forecasts that Bitcoin’s (BTC) price will eventually exceed prices of $500,000 […]
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Leading business intelligence firm MicroStrategy is doubling-down on Bitcoin, announcing a securities offering to raise $400 million to invest in BTC. The world’s largest publicly traded business intelligence firm, MicroStrategy has announced plans to invest the proceeds from a $400 million securities offering into Bitcoin. On Dec. 7, the firm revealed plans to issue $400 […]
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Declining volume and resistance at $19,500 are pinning Bitcoin price into a tightening range. As mentioned by Cointelegraph contributor Rakesh Upadhyay, Bitcoin price spent the weekend consolidating within a bull pennant and the breakout to $19,418 was quickly stamped out by overhead resistance. After retouching the pennant trendline, the price gave way, falling below the […]
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The former congressman from Texas believes the government is “watching very closely” to see what happens with crypto. Former presidential candidate and congressman Ron Paul has been more outspoken about government oversight concerning Bitcoin and other cryptocurrencies in the last week, calling on people to “be vigilant.” In an episode of the Stephan Livera podcast […]
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Multiple indicators show pro and retail traders remain strongly bullish even as Bitcoin price failed to break $20,000. Apart from a brief $18,100 test on Dec. 1, Bitcoin (BTC) markets remained relatively calm over the week. This suggests that investors are beginning to realize that a more extended period of consolidation could be possible after […]
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He believes that rising adoption will drive Bitcoin higher next year, and that DeFi will have a similar effect on Ethereum. 2021 is shaping up to be a tremendous year not only for gold but for cryptocurrencies as well, according to Frank Holmes, CEO of U.S. Global Advisors. In a Monday interview with Kitco News, […]
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Bitcoiners should embrace institutional adoption as it keeps everyone honest, says Erik Voorhees. Institutional investors will play an important role in securing the future of cryptocurrencies like Bitcoin (BTC), according to Erik Voorhees, CEO and founder of ShapeShift.io. In a panel discussion at this year’s LaBitConf, Voorhees said Bitcoin’s adoption curve will grow substantially over […]
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Too bad the brief crypto-related conversation was largely nonsensical. A number of TV shows have mentioned Bitcoin (BTC) or other cryptocurrencies over the years, including Big Bang Theory in 2017 and The Simpsons in 2020. One of the latest crypto mentions occurred during the premiere of the 11th season of Shameless, in an episode called […]
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Bitcoin price continues to meet resistance at $19,500, a signal that further sideways action in BTC and altcoins is on the cards. Recent news reports suggest that U.S. lawmakers may announce a new round of economic stimulus worth about $908 billion before the end of today. This second package, if announced, will add to the existing […]
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