Category: Bitcoin

Bitcoin’s (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern. Dubbed as Broadening Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines. Investopedia states that a broadening formation represents disagreement over the next potential bias among

Veteran crypto trader Tone Vays is weighing in on the state of Bitcoin (BTC) and whether or not its recent strength is just a head fake before a bigger leg down. In a new strategy session, the analyst says that he’s open to the possibility that Bitcoin won’t see another low this year. Vays says,

Bitcoin (BTC) has a better probability of recovering back to $60,000 than breaking below its current support level of $30,000 to target $20,000, believes Mike McGlone, senior commodity strategist at Bloomberg Intelligence. A screenshot from McGlone’s latest analysis on the flagship cryptocurrency, first shared by Bloomberg senior ETF analyst Eric Balchunas, shows him comparing Bitcoin’s ongoing

Wall Street giant Goldman Sachs says that investment firms that cater to the wealth of the super-rich are expressing interest in investing in cryptocurrencies. A survey by the investment banking behemoth shows that 45% of family offices from multiple regions want to invest in cryptocurrencies.   Asia-based family offices lead this group with 68% showing

JP Morgan is reportedly now allowing wealth management clients to access institutional Bitcoin and crypto funds. Business Insider obtained an internal memo from JP Morgan that indicates the bank’s wealth management clients can now take buy and sell orders for Grayscale Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust, Ethereum Classic products, and Osprey Funds’ Bitcoin

Crypto investors are betting big on real estate this year as the cryptocurrency market continues to grow. New York Digital Investment Group (NYDIG) recently conducted a survey that found that 46 million Americans own Bitcoin, equating to 22% of all adults. While optimistic, some cryptocurrency investors have expressed concerns regarding the security, custody and volatility

Massena, a town along the New York border with Canada has placed a temporary suspension on new Bitcoin (BTC) mining operations in the area. According to a report by the Associated Press on Friday, Massena Town city officials mandated the 90-day moratorium on new Bitcoin mining activities due to aesthetic concerns. Steve O’Shaughnessy, a Massena

Securities and Exchange Commissioner Hester Peirce has voiced concerns over the United States lagging behind global jurisdictions in adopting cryptocurrency exchange-traded funds (ETFs). During an online appearance at the Bitcoin (BTC) conference “The B Word,” Peirce pointed out that many other countries such as Canada have already been trading crypto ETFs, while the U.S. is still deciding

The global chief investment officer of investment giant Guggenheim Partners Scott Minerd is warning that Bitcoin’s support level at just above $31,000 could crumble. Speaking to Bloomberg, Minerd says Bitcoin’s slide to around $29,500 earlier this week might have been a “false breakdown,” and he sees the flagship cryptocurrency falling even further.   “The market had

BlackRock is the world’s largest asset manager, so when its CEO, Larry Fink, remarked recently that he was seeing “very little in terms of investor demand” with regard to crypto and Bitcoin (BTC) based on “my last two weeks of business travel,” it set off some alarm bells. A lively Twitter discussion followed one commentator’s