Wallets With Over 1,000 Bitcoin Have Hit Record Number: Chainalysis
The popular narrative that institutional bitcoin investors have been leading the 2020 price rally looks to be backed up by on-chain data.
In 2020, the number of wallets – defined as a set of blockchain addresses controlled by a single entity – holding at least...
Why this trader says Ethereum may rally harder than Bitcoin in a new bull cycle
Bitcoin has started to recover from its drop below $17,600. Traders think Ethereum (ETH) could potentially rally harder than BTC in the next bull cycle.There are three potential reasons why traders might be highly optimistic about Ethereum in the short to medium term.The factors...
JPMorgan calls Bitcoin institutional purchases a “milestone”
The multibillion US bank has made snide comments about Bitcoin in the past, but its tone is changing.JPMorgan: MassMutual purchase a “milestone”In a recent report to clients last week, JPMorgan analysts said institutional demand for Bitcoin was providing a compelling narrative for the digital...
Bitcoin Whales Buy Low, Sell High; Retail Investors Chase Rallies: Data
Newly released data from crypto exchange OKEx gives one possible explanation of how larger holders of bitcoin – or “whales” – were able to influence prices as bitcoin rallied to a new all-time high in November.
During that bitcoin run-up, institutions and whales were able...
Market flips bullish as Bitcoin pushes past $19,000, key technical supports hold
After plunging as low as $17,600 in the middle of last week, Bitcoin has entered an uptrend.The coin currently trades for $19,200 as of this article’s writing, though moved as high as $19,400 just hours ago. This is the highest Bitcoin has traded in...
Fidelity CEO Abigail Johnson takes rare interview, expresses excitement about Bitcoin
The chief executive of one of Wall Street’s largest firms, Fidelity Investments, recently took a rare interview with Barron’s Magazine.In the interview, she took some time to mention Bitcoin, expressing her excitement about the technology and its future.
We’re in #bitcoin for the long haul.
Abby...
Winklevoss Twins: Institutional Investors Can Be Underlying Factor for Recent Bitcoin Rally
The twins believe that this current rally is sustainable, unlike the previous one which saw the price experience series of falls.Bitcoin recent bull run, according to the Winklevoss twins, is different from the last one (2017 boom) and the twins highlighted some reasons behind...
Correlation between Bitcoin and S&P 500 hits a 10-month low
The correlation between Bitcoin (BTC) and the S&P 500 reached a 10-month low, according to Santiment. Historically, this has been a bullish sign for the dominant cryptocurrency.A low correlation with the S&P 500 is an optimistic factor for Bitcoin because it means BTC is...
MicroStrategy and Its Bitcoin-Backed Offerings Gets $100M Additional Boost to $650M
The senior convertible notes offerings from MicroStrategy come off as a short to medium-term investment offering as the maturity of the notes is slated for December 15, 2025, with the first payout billed for June 15, 2021.
The push from business intelligence and mobile software...
MassMutual Buys $100M in Bitcoin, Bets on Institutional Adoption With $5M NYDIG Stake
Massachusetts Mutual Life Insurance Co. is jumping into the institutional bitcoin game with a $100 million investment in bitcoin and a $5 million equity stake in NYDIG.
The twin plays – both revealed in a Thursday press release – give MassMutual direct exposure to the cryptocurrency’s...
