Category: Bitcoin

Superstar hedge fund manager Cathie Wood says she still sees Bitcoin heading to $500,000 BTC despite its recent crash to $30,000. In an interview with Bloomberg, the Ark Invest CEO say that while her team’s conviction that Bitcoin will hit $500,000 remains high, she concedes that some conditions have changed. Wood says that the ongoing

Crypto lending firm BlockFi says it accidentally sent large amounts of Bitcoin (BTC) to some of its customers. Users began reporting the mixup last week, with one post on Reddit showing a 701 BTC “bonus payment” worth more than $25 million at time of publishing. The erroneous payments stem from a March trading campaign that

MicroStrategy CEO and Bitcoin megabull Michael Saylor is engaging in a friendly twitter battle with reporter Adam Samson, who challenged Ark Invest crypto analyst Yassine Elmandjra’s assessment that the majority of Bitcoin miners utilize renewable energy. Samson utilizes an infographic from the Cambridge Centre for Alternative Finance to illustrate why Elmandjra’s statistic may be misleading,

CNBC contributor Brian Kelly is assessing Bitcoin’s value after its recent drastic sell-off. Ultimately, says Kelly in a new CNBC interview, the reasons to invest in Bitcoin remain intact despite this week’s dramatic price plunge. He calls Bitcoin tumbling from around $45,000 to slightly above $30,000 in a matter of hours a “mechanical sell-off.” Kelly

A community bank in California may be boarding the Bitcoin bandwagon. Suncrest Bank is in talks with regulators and financial technology companies to allow its customers to buy, hold and sell Bitcoin. Suncrest CEO Ciaran McMullan told the Sacramento Business Journal that the bank is acting on customer interest. Says McMullan, “The pandemic has had

The crypto analyst known for first applying the stock-to-flow model (S2F) to Bitcoin is undeterred by the top cryptocurrency’s brutal price action. Bitcoin tracker PlanB is sharing his thoughts on the asset’s trajectory, after Bitcoin dipped roughly $8,000 in the span of one hour this week, sinking to $30,414, according to CoinGecko.   The S2F,

Crypto analyst Benjamin Cowen is sharing his thoughts on the recent crypto market crash and addressing Bitcoin’s path ahead. Bitcoin drastically retraced this week, hitting a 24-hour low of $30,415 on Wednesday, according to CoinGecko. Cowen took to YouTube to address what this wild price swing means for BTC. He says some of the most

A popular crypto trader says Bitcoin will only return to bullish territory when the inharmonious relationship between BTC and altcoins is reversed. The pseudonymous analyst who goes by the name DonAlt tells his 242,000 followers that Bitcoin will continue to stand on shaky ground until altcoins firmly stop outperforming the asset. In the past few

Career trader Peter Brandt is raising eyebrows after crafting a chart comparing Bitcoin’s current price action to historical precedent. Brandt took to Twitter to ponder whether Bitcoin’s price action is similar to moments in 2018 and 2019 at the start of major periods of decline and stagnation. ANALOGs?$BTC pic.twitter.com/4dpJK3FAfd — Peter Brandt (@PeterLBrandt) May 19,

Crypto analyst and trader Nicholas Merten is analyzing Bitcoin’s long-term trajectory. Merten tells his 453,000 YouTube subscribers that BTC is now pressing up on a well-established resistance level, and he’s looking to buy the dip. ‏‏‎ “It does hold significance and no wonder Bitcoin is facing some resistance. Again, we pressed this since March during