Category: Bitcoin

Michael Saylor’s MicroStrategy is announcing the purchase of additional Bitcoin that will put their BTC holdings above the 100,000 level. In a press release, the enterprise analytics firm says it has spent $489 million buying 13,005 BTC, bringing the total amount of Bitcoin it holds to 105,085.   The software giant spent an average of

Crypto analyst and economist Alex Krüger says that Bitcoin bears are in for some pain after BTC’s strong rebound in the last 24 hours. In a new tweet, Krüger tells his 87,500 followers that yesterday’s move below $30,000 was designed to shake out weak hands and trap bears.   “BTC trend reversed (again), leaving a

Digital assets manager CoinShares unveils that institutional investors are downsizing their Bitcoin holdings for the sixth straight week. In a new report, CoinShares reveals that big-money players have trimmed their Bitcoin holdings to the tune of hundreds of millions of dollars this year.   “The focus of outflows continues to be Bitcoin which has endured

A recent upswing in the price of Bitcoin (BTC) following a nail-biting price crash below $30,000 this Tuesday has activated a classic financial model’s bullish outlook on the cryptocurrency. Titled Wyckoff Method, created by Richard D. Wyckoff in 1888, the model attempts at navigating financial market trends based on the relationship between assets’ supply and demand.

Prominent crypto analyst Nicholas Merten says that the worst of the big Bitcoin correction is likely behind us. In a new strategy session, Merten says the presence of the various derivative markets centering on crypto has likely changed the structure of bull cycles as we know it.   According to him, the shift in liquidity

Bitcoin (BTC) maintained $34,000 support on June 23 as a rebound from six-month lows showed surprising resilience. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls see 2020 similarities Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stabilizing on Wednesday after a day of unnerving volatility. At the time of writing, Bitcoin was approaching

The downward trend in Bitcoin’s (BTC) price following its April all-time high might be worrying for first-time investors. Still, CoinShares chief strategy officer Meltem Demirors believes that most of the long-time holders are not selling, and this is a correction to weed out panic sellers.  Speaking to CNBC, Demirors underscored that Bitcoin is here to stay,

Crypto analyst Justin Bennett weighs in on where the overall crypto markets could finally find a bottom amid ongoing bearish price action. In a new tweet, Bennett says his technical analysis suggests that the total market capitalization of all crypto assets could fall to $950 billion, representing roughly a 30% drop from current levels.  

The United States Securities and Exchange Commission has postponed its decision on whether to approve a Bitcoin (BTC) exchange-traded fund. The SEC has delayed its decision on a Bitcoin ETF filing by Texas-based family investment fund Valkyrie Digital Assets after receiving comments on the proposed rule change regarding the new fund. According to an official

Major Chinese cryptocurrency miner provider Canaan has posted an update on its crypto mining business in Kazakhstan amid an ongoing crackdown on Bitcoin (BTC) mining in China. Canaan announced Monday that the company has rolled out its own crypto mining business in Kazakhstan using its latest Avalon Miner units. The firm’s move to Kazakhstan comes