Even with today’s correction, Bitcoin is still in an uptrend, but most major altcoins have lost momentum and may remain range-bound for the next few days. MicroStrategy CEO Michael Saylor recently tweeted that he purchased another 29,646 Bitcoin (BTC) at an average price of $29,646. With this purchase, the company has deployed the $650 million […]
Continue Reading
Institutions need to keep buying to avoid a price drop, JPMorgan analysts say, but the outlook is rosy and will come at the expense of gold. Institutional investors may be all that’s pushing up the price of Bitcoin (BTC), a new report from JPMorgan Chase claims. In comments on Dec. 18 quoted by Bloomberg, strategists […]
Continue Reading
2020 has been an epic year for crypto and blockchain, but some did more than most to help spur adoption. In future years, it’s possible that 2020 will be seen as a watershed moment for cryptocurrencies. When Black Thursday hit in March, it wiped billions off the markets in a matter of hours. Anyone would […]
Continue Reading
Bitcoin derivatives trading is on the rise; one platform is letting traders bet on a $100,000 BTC moonshot by Sept 2021. As of Thursday, Deribit users can bet on the flagship cryptocurrency reaching $100,000 via options contracts that expire on Sept. 24, 2021. The lofty strike price was established following a surge in daily trade […]
Continue Reading
The institutional flood into BTC continues. A United Kingdom-based investment manager has added Bitcoin (BTC) to its portfolio, underscoring the ongoing institutional shift toward digital assets. Ruffer Investment Company Limited, an investment manager with shares listed on the London Stock Exchange, has disclosed its new Bitcoin strategy. In a performance update and manager comment posted […]
Continue Reading
CEO Brad Garlinghouse said O’Connor’s experience would help Ripple build “a more inclusive financial system.” Sandie O’Connor, the former chief regulatory affairs officer at banking giant JPMorgan, is joining Ripple’s board of directors. According to a Ripple blog post published yesterday, O’Connor will “provide counsel on key government relations and regulatory initiatives” as part of […]
Continue Reading
Bitcoin price regained the $19,000 level and continues to trade in a range, providing altcoins with the opportunity to steadily move higher. Strategists at JPMorgan said in a note that MassMutual’s $100 million Bitcoin (BTC) purchase shows that insurance firms and pension funds are now adopting Bitcoin. According to the analysts, typically this class of institutional […]
Continue Reading
Even a nominal investment from insurance firms and pension funds could be significant for Bitcoin. MassMutual’s $100 million Bitcoin (BTC) purchase shows that the demand for cryptocurrency will be growing further, according to strategists at major investment bank JPMorgan. In an investor note on Dec. 11, JPMorgan strategists including Nikolaos Panigirtzoglou reportedly suggested that Bitcoin […]
Continue Reading
Another $1,000 CME futures gap opens but Bitcoin shows clear strength as it aims to tackle pivotal $20,000 resistance. Bitcoin (BTC) begins a new trading week within 5% of the mythical $20,000 price level — but can it get there this time? As the largest cryptocurrency lines up for another shot at overcoming seminal resistance, […]
Continue Reading
The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much […]
Continue Reading