Category: Bitcoin

Bitcoin (BTC) circled $32,000 on July 22 after excitement over fresh comments by Elon Musk resulted in strengthening of support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC bulls regroup at $32,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging between $31,500 and $32,000 overnight on Wednesday, hours after Musk joined others in praising

A multi-asset class trading firm in Bermuda has secured major regulatory approval allowing it to offer cryptocurrency trading services. Over-the-counter trading platform 24 Exchange has acquired a “Class T” digital asset business licence from the Bermuda Monetary Authority (BMA) to roll out cryptocurrency trading on its institutional-grade platform. The firm officially announced Tuesday that the

Core Scientific, one of the largest Bitcoin (BTC) mining operations in North America is set for a public listing on Nasdaq. According to CNBC on Wednesday, Core has inked a $4.3 billion merger with Power & Digital Infrastructure Acquisition Corp — a special purpose acquisition company (SPAC). Apart from the planned valuation, other listing details

There’s no doubt that the last couple of months have been bearish for Bitcoin (BTC), but throughout this entire period, derivatives indicators have been relatively neutral. This could be because cryptocurrencies have a strong track record of volatility, and even 55% corrections from all-time highs are expected. After two months of struggling to sustain the

It’s crunch time for Bitcoin and the crypto markets, according to a popular analyst. The pseudonymous trader known as Capo tells his 140,000 Twitter followers that Bitcoin may still be in a Wyckoff accumulation pattern, with BTC setting itself for a big move to the upside when the pattern completes.   The Wyckoff method is

As Bitcoin’s price hovers above $30,000 this week, blockchain analytics firm Glassnode says the largest crypto asset by market cap is broadcasting a mix of bullish and bearish signals. First among the bearish indicators is the current lack of institutional demand for BTC. Glassnode says that there appears to be little institutional interest currently in

Digital asset manager CoinShares says that institutional demand for Ethereum continues to soar this year as inflows near the $1 billion mark. According to their new weekly report, financial institutions have scooped up approximately $973 million worth of ETH since the beginning of 2021.   CoinShares also notes that Ethereum has seen net inflows for

A recent survey from Fidelity Digital Assets suggests that cryptocurrency is becoming more sought after by institutional investors. According to a report from Reuters, Fidelity Digital Assets found that seven in 10 institutional investors expect to invest in digital assets in the future.    The survey evaluated answers from a range of investors, including high-net-worth

EU policymakers are discussing a plan to increase regulatory oversight of the emerging cryptocurrency industry. A new proposal from the European Commission (EC) would require businesses to maintain records of the name, address, date of birth and account number of clients as they move cryptocurrency from one wallet to another.   The rules are designed

Despite Bitcoin (BTC) not yet emerging as an “asset class per se,” JPMorgan considers it important to meet the demand for cryptocurrency investment, according to a senior wealth management executive. A large number of JPMorgan clients see digital currencies like Bitcoin as an asset class, the company’s director of asset and wealth management, Mary Callahan