Mayor Francis Suarez talks benefits of buying Bitcoin for Miami’s city treasury
The official has spearheaded progressive technology regulation for the East coast city. And he’s now turning his attention towards Bitcoin.Bitcoin for Miami!Miami Mayor Francis Suarez teased a Bitcoin purchase earlier today, as per a tweet. This was not intended for his personal account, however,...
Bitcoin Retests Resistance at $40,000 as Bulls Look to Push Price Higher
The Bitcoin resistance at $40,000 may be a new inflection point for the coin to soar to the new heights that it has always been projected to reach.
Bitcoin (BTC) gave a short-lived inclination that it was ready to break free from the bear market...
Bitcoin Miners, Developers Narrow Down How Taproot Will Be Activated
Bitcoin miners representing roughly 91% of the network's hashpower have demonstrated support for Bitcoin’s biggest upgrade in years, Taproot.
These activation methods vary the length of time required and whether or not to include a measure that would force the upgrade through full nodes with...
Alpha Alarm: The Bitcoin outlook
This analysis was brought to you by Alpha Alarm, a Substack newsletter featuring daily crypto analysis. You can subscribe here.The market sentiment around Bitcoin is improving once again.Bitcoin strongly recovered from $30,500, solidifying it as a major support area.Oaktree’s Howard Marks, who was a...
The $1200 U.S. stimulus payment invested in Bitcoin in April is now worth $6,495
If the recipient of a U.S. stimulus payment in April invested the check into Bitcoin, the check would now be worth $6,495.Since April, in merely nine months, the price of Bitcoin has rallied 441%, posting one of its strongest rallies in recent history.
$6495 (+441%)#bitcoin
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Jack Dorsey defends his ban of Donald Trump and advocates for Bitcoin’s model
The Twitter founder is a known Bitcoin advocate. But a recent action saw his platform getting embroiled in controversy.Why ban Trump?Twitter founder Jack Dorsey took to his platform this morning to explain banning the account of incumbent US President Donald Trump, a move that...
Bitcoin surges a day after Grayscale reopens deposits, and it’s not a coincidence
The price of Bitcoin has recovered strongly overnight, rising from around $34,000 to $38,500. The 10% rally coincides with Grayscale reopening its products.Last month, Grayscale closed its products for new investors. Since Christmas, the Grayscale Bitcoin Trust did not report any additional inflow as...
Michael Saylor: Bitcoin is a better bet now than tech stocks were in the early days
Since charging onto the crypto scene late last year, MicroStrategy CEO Michael Saylor has become something of a Bitcoin poster boy.MicroStrategy became the first public listed company to hold Bitcoin as part of its treasury policy.At the time, the move was met with trepidation...
On-chain data: Institutional players likely bought Bitcoin’s weekend dip to $30k
Bitcoin faced a strong dip last weekend and early this week. The cryptocurrency fell from the $42,000 highs set late last week to lows at $30,000 on some spot exchanges.During the move lower, there was a large ejection of leveraged traders. As CryptoSlate reported...
Goldman Sachs: Bitcoin (BTC) on Path to Maturity, Institutional Participation Is Still Little
The head of commodity research at Goldman Sachs said that Bitcoin (BTC) is certaintly attaining more maturity as an asset class. However, he adds that more institutional money needs to flow into BTC to gain price stability.After the recent Bitcoin bull run, Wall Street...
