Warren Buffett has no intention of spending Berkshire’s $137 billion cash pile and, if stocks plummet, Bitcoin may see another significant correction. Warren Buffett and Berkshire Hathaway remain reluctant in spending its $137 billion cash pile. Their cautious stance towards the abrupt recovery of the U.S. stock market may spoil the recent Bitcoin (BTC) rally. […]
Continue ReadingBitcoin is approaching the most eagerly anticipated moment in its history, and markets are feeding the excitement after weeks of gains. Bitcoin (BTC) is just days away from a historic crossroads this week — what will the coming days have in store for traders and hodlers? Cointelegraph takes a look at the major factors influencing […]
Continue ReadingThe crypto markets are expected to remain volatile this week. Hence, several short-term trading opportunities are likely to crop up. The world is currently witnessing its worst crisis in decades, which dwarfs even the previous financial crisis. Even when traditional asset classes like equities and crude oil are struggling, Bitcoin (BTC) has held out exceedingly […]
Continue ReadingThe yearly average for BTC/USD is circling $9,000 for only the second time in history amid bullish halving sentiment. Bitcoin (BTC) may have reversed all price losses since its crash in March, but another price indicator is about to make a new all-time high. As noted by Yassine Elmandjra, crypto-asset analyst at investment advisor ARK, […]
Continue ReadingBitcoin’s price is surging right before the halving event, but will it last? On-chain data may hold the answer. As the coronavirus pandemic continues to unfold and new signs of lockdowns beginning to be slowly lifted in Europe, all eyes in the crypto community are back on the Bitcoin (BTC) halving. The event is only […]
Continue ReadingA study by MMC Ventures unveiled the return to the dynamics of traditional capital funding by blockchain companies. A new study released by venture capital firm, MMC Ventures, found that UK blockchain companies are turning to traditional capital raising strategies, noting that the Initial Coin Offering, or ICO, model is becoming “increasingly” difficult to utilize. […]
Continue ReadingMost major cryptocurrencies are facing resistance at higher levels, meaning a few days of consolidation could be needed before the rally can resume. The total crypto market capitalization has jumped from about $198 billion on April 22 to over $263 billion on April 30. This 32% rally in roughly eight days shows that investor sentiment […]
Continue ReadingBloomberg analyst concurs optimistic on-chain indicators. Data from the blockchain intelligence company, Glassnode, suggests that Bitcoin (BTC) has entered the “Optimism” phase amongst traders. The metric subtracts the net unrealized loss from the net unrealized profit of all circulating Bitcoin supply to gauge market sentiment. This indicator tends to increase during bull markets and the […]
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Data shows that $1,000 intraday surges in Bitcoin price often lead to double digit corrections shortly thereafter. This week Bitcoin price pulled off an incredible rally that appears to have exceeded the expectations of many investors. Data from Cointelegraph Markets and CoinMarketCap shows record trading volume across multiple crypto exchanges occurred as Bitcoin rallied to […]
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Bitcoin might not be the most stable asset out there, but it is more stable than some economies. The demand for cryptocurrency in certain countries is growing amid the COVID-19 pandemic. Bitcoin (BTC) peer-to-peer trading volume in Argentina, Chile, Venezuela and Morocco has peaked over the past few weeks, marking new all-time highs. Additional reports […]
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