Guggenheim Fund Seeks $500M Worth Exposure in BTC via Grayscale Bitcoin Trust
In its filing with the US SEC, Guggenheim says that it wants to facilitate a 10% exposure from its $5 billion Macro Opportunities Fund, to Bitcoin. The investment, however, will happen through the Grayscale Bitcoin Trust and could be the biggest institutional investment after...
The real roadblock Bitcoin faces is at $20k—and whales are awaiting
The real roadblock Bitcoin (BTC) faces is at $20,000, near its all-time high. Albeit its record high is different across major exchanges, it already hit its highest price on some exchanges.
The weekly price chart of Bitcoin. Source: BTCUSD on TradingViewBut, whales have not been...
Bitcoin investors are mixed over what’s next for the bull run
Bitcoin is finally showing some strength after a brutal correction to $16,200 earlier this week.The leading cryptocurrency has bounced to $18,000 as of this article’s writing, around 11 percent above the local lows.
Chart of BTC’s price action over the past two days. Source: BTCUSD...
Barrons says “Big Money” is driving the Bitcoin rally
The price of Bitcoin (BTC) is hovering above $18,000 following a massive short-term correction to $16,200. Barrons reported that “Big Money” is driving BTC and as such, it could potentially move higher.In recent months, the Bitcoin market has seen an influx of institutional capital....
Nouriel “Dr. Doom” Roubini lambasts Bitcoin in 12-part Twitter thread: “it is worth $0”
A few weeks ago, some thought that Nouriel “Dr. Doom” Roubini was changing his tone on Bitcoin.After the 2008 Recession predictor lambasted the cryptocurrency for years, Roubini said in an interview with Yahoo Finance that he thinks BTC is a “partial” store of value.As...
Institutional Buying Can Push Bitcoin (BTC) Price to $250K, Says Investor Raoul Pal
Investor Raoul Pal notes that institutional purchases are storing Bitcoin in cold storage creating a supply squeeze. This will propel BTC price to new highs with a wide gap in demand and supply.The latest institutional money inflow in the cryptocurrency market has made analysts...
High-net-worth Bitcoin investors aren’t all bearish—potential reasons why
High-net-worth investors are not all that bearish on Bitcoin despite the recent drop.To read the rest of this article, join CryptoSlate Edge. Have an account? Sign In.
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Bitcoin derivatives market hasn’t been this wrecked since the March crash
On November 26, the Bitcoin futures market recorded nearly $800 million in long contract liquidations alone. It marked the worst day for the derivatives market since the March 12 crash.
Almost 800 mil in long liquidations alone.
The derivs market hasn't gotten this rekt since the...
Counterargument: why China seizing $3.2B in Bitcoin and Ethereum isn’t a big deal
According to a report from CoinDesk, the Chinese government has seized $4.2 billion worth of cryptocurrencies. Among them is 194,775 BTC, worth $3.2 billion. Albeit the size of the Bitcoin seizure is large, an argument can be made that it is not a big...
Chinese Authorities Seize Over $4.2B Worth of Digital Assets from PlusToken Ponzi Scheme
The PlusToken Ponzi scheme is reported to have begun back in May 2018 and advertised a non-existent crypto arbitrage trading platform.
Chinese law enforcement has seized cryptocurrencies worth over $4.2 billion from the PlusToken Ponzi scheme. Apparently, a total of 194,775 BTC, 833,083 ETH, 1.4...
