Wed Nov 27 7:35 PM

Market Wrap: Bitcoin Pushes Past $19.2K; Ether at 3% of BTC Price

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Bitcoin climbed over the weekend to the $19,200 territory. Looking at ether’s price as a percentage of spot BTC, it may be undervalued. Bitcoin (BTC) trading around $19,196 as of 21:00 UTC (4 p.m. ET). Gaining 0.35% over the previous 24 hours. Bitcoin’s 24-hour range: $18,990-$19,323...

Square Crypto’s 20th Grant Will Support Bitcoin Design, User Experience

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Square Crypto is bankrolling its 8th designer grant to focus on Bitcoin’s user experience. This marks the Square offshoot’s 20th grant in support of Bitcoin development since it launched in the summer of 2019. Portuguese software designer Patrícia Estevão is Square Crypto’s most recent grant...

First Mover: Horrible 2020 Economy Proved Best Thing for Bitcoin

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Bitcoin was lower on Monday, holding just above $19,000 after rallying about $1,000 over the weekend. “There is an element of fatigue, with the market unable to drum up the momentum needed to spur us to new highs,” Matt Blom, head of sales and trading...

Evercore Backs PayPal’s Entry to Crypto, Expects Business Boost

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Evercore noted that PayPal’s crypto offering will “substantially” boost its consumer engagement as well as transaction margin. PayPal has already witnessed massive demand for its crypto services within weeks of going live.PayPal’s (NASDAQ: PYPL) entry into the crypto space has been one of the...

Binance Starts Shipping Its Visa Debit Cards to Europe

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Binance has officially started shipping its Visa cards to the European Economic Area. The card is now officially supporting Ethereum. In an announcement on its website, the Binance exchange revealed that its users in Europe could start ordering its debit card. The card, which is...

JPMorgan: MassMutual’s Bitcoin (BTC) Investment Can Create $600B Institutional Demand

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JPMorgan strategists note that if all big fund houses and institutional giants start allocating even 1% of their assets to Bitcoin, it can create an additional inflow of $600 billion in the world’s largest cryptocurrency.The latest $100 million Bitcoin investment from MassMutual has sparked...

First Initial Litigation Offering (ILO) Launches on Avalanche Blockchain 

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The announcement from Ava Labs revealed that the “first of many ILOs” sprang up after massive destruction of personal properties. According to a recent announcement, an Initial Litigation Offering (ILO) has launched on the Avalanche blockchain. Initial Litigation Offering is a blockchain-enabled token that would give...

Bitcoin Still on Track to Breach $20K in Coming Weeks: Analysts

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Bitcoin’s revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts. “We have witnessed a large move up over the weekend, with MicroStrategy’s efforts to increase bitcoin holdings from several large players bringing with it fresh optimism,” Matthew...

Ethereum Co-Founder Vitalik Buterin Discourages Followers against Getting Loans to Buy Crypto

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Buterin has asked users to maintain caution with the volatile asset class and revealed that he had sold half of his Bitcoin holdings in 2013 to avoid going broke.On Monday, December 14, Ethereum co-founder Vitalik Buterin warned his followers against taking any personal loans...

Grayscale hits $13B: Why Bitcoin institutional demand soaring at $19k is bullish

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The assets under management (AUM) of Grayscale achieved $13 billion, which is indicative of the large influx of capital into Bitcoin (BTC). The continuous increase in institutional demand for Bitcoin as the price hovers at $19,000 is optimistic for two reasons.First, it means that there...