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...
Market Wrap: Bitcoin Briefly Slides Below $18K as ETH Is More Volatile Than BTC in 2020
Weak volumes and rotations into other cryptocurrencies are likely impeding bitcoin’s price movement from going higher. Meanwhile, ether has been more volatile than bitcoin in 2020 and could remain that way.
Bitcoin (BTC) trading around $18,349 as of 21:00 UTC (4 p.m. ET). Gaining 0.14%...
India’s Largest Crypto Exchange CoinDCX Partners with UniLend Protocol
Per the integration, CoinDCX users will have access to new DeFi capabilities powered by UniLend. According to a recent announcement, India’s largest crypto exchange CoinDCX is integrating the UniLend protocol. On the 10th of December, UniLend Finance revealed the collaboration in a press release.As the announcement...
POFID’s Upgraded Ecosystem and Plans for Cross-Chain Development
In addition, POFID DAO has reached a cooperation agreement with the famous Korean digital asset management company Sanmoon Capital in Seoul in recent days.
Right now, DeFi is still the hottest topic in the crypto sphere. Among the many DeFi projects out there, POFID DAO stands out for its trusted decentralized financial asset management platform with strong privacy protection. Having advanced into its...
Glassnode CTO Expects Bitcoin to Rally More Than Ten Times
Apparently, through several on-chain market indicators analyzed by Glassnode, Bitcoin market price is poised to rally more than ten times in the future, if things develop like 2017 and data holds true.Through a series of tweets, Glassnode CTO Rafael Shultze-Kraft highlighted through historical metrics...