Category: Bitcoin

Bitcoin bull and Morgan Creek Digital co-founder Anthony Pompliano says on-chain metrics are indicating that the Bitcoin correction that drove the leading cryptocurrency from its all-time high of $64,863 to below $50,000 is nearing its conclusion. In a new edition of The Pomp Letter, the big Bitcoin advocate uses data provided by on-chain analyst Will

Tesla — a top 10 company in the Fortune 100 that is run by one of the world’s wealthiest people, Elon Musk — transferred $1.5 billion of its treasury cash into Bitcoin (BTC) in early February. Musk’s Bitcoin purchase startled traditional investors, who now had to understand how their investment in Tesla would relate to

Momentum trading driven by retail investors seems to have taken on a new life since the onset of the global standstill occasioned by the ongoing coronavirus pandemic. Where celebrity challenges used to dominate viral trends on social media, issues relating to personal finance and investments seem to be as popular these days. This increasing interest

Widely-followed crypto strategist and trader Michaël van de Poppe is looking at the bigger picture to analyze the state of the Bitcoin bull market. In a new video, the trader tells his 69,700 YouTube subscribers that BTC is at the stage where a lot of its market participants are doubting that the bull market will

Prominent analyst Nicholas Merten is identifying two key factors propelling the current Bitcoin price correction. As Bitcoin takes a dive this week and faces a nearly 20% correction within seven days, Merten takes a look at some of the reasons Bitcoin is taking a plunge. The analyst first addresses the narrative that corporate treasuries will

In the past two years futures contracts have become widely popular among cryptocurrency traders and this became more evident as the total open interest on derivatives more than doubled in three months. Additional proof of their popularity came as futures turnover surpassed gold, which is a well-established market with $107 billion in daily volume. However,

Craig Wright, the self-proclaimed creator of Bitcoin, is filing a new lawsuit to establish copyright ownership of the original white paper that seeded the idea for the world’s leading cryptocurrency. Wright, an Australian computer scientist and businessman, has long declared that he is Satoshi Nakomoto, the pseudonymous creator of Bitcoin. Now, a London High Court

Investment services firm Charles Schwab is keeping an eye on the developments in the crypto space as the company with over $7 trillion in client assets says the doors are open for supporting Bitcoin and crypto markets. In the company’s newest business update, Charles Schwab CEO Walt Bettinger says that the company is looking very

Dogecoin (DOGE) saw more liquidations than Bitcoin (BTC) at one point on April 24. This shows there is a significantly high demand for trading the meme cryptocurrency even as Bitcoin and Ether (ETH) struggle to recover. Various trends and metrics, such as social volume, trading volume, and liquidations in the futures market indicate that DOGE

Closely-followed trader and analyst Credible Crypto says that Ripple’s native asset XRP is setting up for a massive surge to a new all-time high (ATH). In a new tweet, the crypto trader says that XRP’s current downward correction is approaching the crucial 0.618 Fibonacci retracement support, a level that many traders keep a close eye