Category: Bitcoin

Crypto trader and influencer Lark Davis thinks Bitcoin is ready to rally once it goes above a key price area.  In a new strategy session, Davis tells his 410,000 subscribers that he’s got his eye on the 200-day simple moving average (SMA) to determine whether Bitcoin bulls can recapture momentum in the market.   “There’s

A top portfolio strategist from the $244-billion asset management giant Morningstar says that Cardano (ADA) could become one of the “Big Three” mainstream cryptocurrencies. In a report from Business Insider, Morningstar’s crypto-focused strategist Amy Arnott says that investors looking to get into digital assets want to avoid stomach-wrenching volatility.   Arnott believes that a crypto-based

Crypto veteran Bobby Lee thinks Bitcoin will skyrocket in price by the end of 2021. Lee, who accurately called for a 50% drop in BTC once it approached the $70,000 level, thinks the largest digital asset will sail past its current all-time high and print a massive rally by the end of the year, according

Last month, Bitcoin was adopted as legal tender in El Salvador, joining the U.S. dollar. The country’s new Bitcoin Law, which will be enforced starting Sept. 7, will allow Salvadorans to use Bitcoin (BTC) as a currency to purchase goods and services, as well as to pay taxes and debt. El Salvador’s president, Nayib Bukele,

A prominent crypto strategist and trader predicts that Bitcoin is about to enter a parabolic second phase of the bull market and that something similar could be in store for Ethereum. Widely followed crypto analyst Kaleo tells his 338,900 followers that the second chapter of Bitcoin’s bull run will push BTC well above six figures.

The Grayscale Bitcoin Trust (GBTC) is echoing bullish sentiment in Bitcoin (BTC) as its premium over spot price rises to its highest since May. Data from analytics resource Bybt shows that on July 27, the so-ca Grayscale premium stood at -5.88%. The last time it was closer to zero was on May 25. GBTC premium

Investments in institutional Bitcoin products have continued to decline this past week. In its July 26 Digital Asset Fund Flows report, CoinShares notes institutional crypto products have experienced outflows for the third consecutive week, with $28 million exiting the sector during the week ending July 23. As such, the week saw a 170% increase in

The Kazakhstan government is reportedly planning to officially authorize local banking institutions to open bank accounts for cryptocurrency transactions. Several banks in Kazakhstan will soon be officially approved to service companies and businesses providing exposure to cryptocurrencies like Bitcoin (BTC), local news channel Khabar 24 reported Sunday. Citing executives from the Data Center Industry and

Bitcoin (BTC) traded steady on July 27 after a surge above $40,000 resulted in higher levels broadly holding. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView All eyes on Bitcoin higher lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $37,000, around 8.8% below the peak of Monday’s gains. Its first trip above $40,000

Tens of thousands of crypto traders had their positions liquidated as Bitcoin abruptly rallied to above $40,000. Data from the cryptocurrency futures trading and information platform Bybt reveals that on July 26th, $964.23 million worth of short positions across all crypto assets were liquidated as Bitcoin ignited a strong rally from around $35,000 to above