In October and November of last year, we got the first sign that institutional clients were ready to enter the cryptosphere. As Bitcoin hit $20,000 for a first time, as PayPal and Square invested directly in Bitcoin, several US business banks were caught off guard when several of their customers asked that they also be […]
Markets and Bitcoin fell as the Federal Reserve admits increasing inflation is problematic. Interest rates could be raised as soon as 2023 which means investors could be stepping out of riskier assets. Bitcoin, which has been able to close above $40k on the daily chart for the past two days, fell slightly in response to […]
MicroStrategy has been on top of news lists allover the world in 2021. When Bitcoin was in free fall, Wall Street media outlets started to dwell on CEO Micheal Saylor’s past as the man who lost the most ever in the 2000 dotcom crisis. At that time, MicroStrategy stock lost a whopping 99%. By now, […]
For the second day in a row, Bitcoin is trading above $40k. It comes as a dramatic shift in global hash power is taking place.At the same time that it is becoming obvious that the administration of Joe Biden will continue the cold war against China, Beijing is seeing Bitcoin miners flee the country and […]
The adoption of the central American state of El Salvador of Bitcoin as legal tender may only be a small step, the forecasting by several crypto enthusiasts that other nations would follow is already coming true. Over the weekend, in a reaction to Nigerian authorities trying to rein in the popularity of crypto in the […]
A renewed sense of optimism took over the cryptosphere after Musk confirmed Tesla would continue buying Bitcoin if its carbon footprint improves, more countries showed an interest in adopting cryptocurrencies and billionaire investor Paul Tudor Jones reconfirmed his interest in buying crypto to play the inflation game. In the broader altcoin market, the rising prices […]
The world’s biggest cryptocurrency leapt towards $40k overnight and is at the time of writing gaining more than 12%, changing hands for $39,600. Analysts will be eyeing whether Bitcoin can close above the $40k level for two consecutive days at least before they call a possible breakout. Musk: Tesla will resume allowing Bitcoin transactions Responding […]
Although the talk of the town in investment circles is still of the magnificent run and subsequent fall of Bitcoin this year, many in the cryptosphere know that it was mostly marked by a fabulous rise of altcoins as well. Main street investors know of Bitcoin, crypto investors know many more cryptocurrencies. From January until […]
Bitcoin is still unsure about where to go next and remains idly stuck within a tight trading range. Elsewhere, the Beijing government looks set to make life difficult for Bitcoin miners while the Fed’s Jay Powell is now presiding over the biggest balance sheet ever. Keep on printing that sweet sweet fiat.Bitcoin chugs alongSeveral analysts […]
The Miami Bitcoin conference of last week was quite successful. Most crypto enthusiasts agreed that attendance was very high on all days and that the whole town was talking about nothing but Bitcoin. However, some of the more than 10,000 attendees who gathered for what was one of the biggest public events in post-Corona times […]
