The ad is currently running online and on several major TV networks. Digital asset manager Grayscale is bringing back its controversial “drop gold” campaign just in time for the potential Bitcoin (BTC) bull market. CEO Barry Silbert tweeted Tuesday that the 30-second advertisement will be “running on major networks all over the country.” The commercial […]
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“For all the reasons it’s a strong developing asset class, it may fail,” said the former Goldman Sachs president. Gary Cohn, the former president of Goldman Sachs and former chief economic adviser to Donald Trump, believes that Bitcoin may not hold long-term prospects for investors. In an interview with Bloomberg released today, Cohn said that […]
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Net Unrealized Profit/Loss returns to levels that in the past have triggered giant Bitcoin price rises, Glassnode notes. The current Bitcoin (BTC) bull run could send BTC/USD as high as $590,000, one indicator forecast this week. Curated by on-chain analytics resource Glassnode, the Net Unrealized Profit/Loss (NUPL) index has reached a level that has historically […]
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Key derivatives indicators show pro traders remain strongly bullish even as Bitcoin price continues to reject at $19,800. Most investors that follow Bitcoin will have recently heard about the growing impact Bitcoin (BTC) futures and options markets have on Bitcoin price. The same can be said for the price swings caused by liquidations at OKEx […]
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Bitcoin price has rallied to new highs on multiple exchanges but it’s yet to break its December 2017 all-time high at Coinbase. The price of Bitcoin (BTC) reached $19,873 on Coinbase on Nov. 30, breaking above $19,000 in a surprising recovery rally. Although many in the cryptocurrency sector a celebrating BTC achieving an all-time high, […]
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Gold outflows are rising as Bitcoin rallies due to heightened buyer demand from institutional investors. The ongoing Bitcoin (BTC) rally has primarily been driven by institutions, analysts say, with metrics such as CME’s open interest and Grayscale’s assets under management (AUM), supporting this narrative. At the same time, the gold market has seen large outflows […]
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After a week of gloomy headlines and a brutal price dip, traders would do well to think long term. In the midst of the crippling price dips earlier this week, cryptocurrency traders seemed beset on all sides by fear, uncertainty, and doubt. However, Dermot McGrath, head of research at blockchain investment firm Sino Global Capital, […]
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Mining difficulty on the network rose by 8.9% today while the hash rate is more than 130 EH/s. The price of Bitcoin has reached a two-year high of more than $19,000 and fallen below $17,000 more than once in the span of a week as mining difficulty continues to rise. According to on-chain analytics provider […]
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Everyone from the Wall Street Journal to the Queen of England has an eye for Bitcoin in this week’s Bad Crypto podcast. It’s been another bumper week for Bitcoin, another reason for hodlers to feel grateful. The dollar value remains over $17,000 having reached a three-year high when it topped $19,000 for only the second […]
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Bitcoin and a few altcoins have seen aggressive buying at lower levels, which could result in a retest of their recent highs. As Bitcoin price rallied to a new 2020 high, the open interest on CME Bitcoin (BTC) futures rose to $1.16 billion, making it the world’s largest Bitcoin futures market, according to Arcane Research. […]
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