Tags : Bitcoins

Bitcoin

Bitcoin’s ‘biggest buyer’ is seemingly selling BTC, here’s why

Lyn Alden, the founder of Lyn Alden Investment Strategy company, a firm famous for providing market research to several individual investors and financial professionals and institutions, argued in a recent tweet that the demise of Grayscale’s neutral arbitrage trade has played a part in Bitcoin’s ‘top.’ GBTC, a popular institutional vehicle for trading Bitcoin, is […]Read More

Bitcoin

Holder of 92,000 BTC explains why energy concerns aren’t Bitcoin’s

Michael Saylor discussed what he perceives as the biggest risk to Bitcoin, and it’s not to do with environmental, social, or governance (ESG) factors. Environmental, Social, and Governance (ESG) ESG refers to a set of standards that investors use to determine how a particular company stacks up in terms of social responsibility. Environmental criteria look […]Read More

Bitcoin

You can soon bet on Bitcoin’s dominance against other cryptos

A new product by crypto exchange Binance will soon allow traders to bet on Bitcoin’s increasing or decreasing share of the crypto market, it said in a release today. #Binance Futures Will Launch USDⓈ-M BTCDOM Perpetual Contracts with Up to 25X Leverage ➡️ https://t.co/RXkPj89lO0 pic.twitter.com/pmsDTo6v31 — Binance (@binance) June 17, 2021 Offered under the ‘BTCDOM’ […]Read More

Bitcoin

JPMorgan says Bitcoin’s true value is $35,000 amid price crash

JPMorgan research analysts have said that institutional investors are swapping Bitcoin for gold for the first time in six months. This is after crypto, including Bitcoin, took a major tumble dropping to lows just above $30,000. Earlier this year, JPMorgan analysts updated a Bitcoin price target to $130,000. According to Business Insider, they said that […]Read More

Bitcoin

This unique way is how a mining firm is tackling

Crusoe Energy, a Colorado-based mining and alternative energy firm, is tackling Bitcoin’s climate impact in a previously unseen manner, as per a feature on tech publication TechCrunch today. The firm has raised $128 million from investors for its cause. Bitcoin’s massive energy usage stems from the process of ‘mining,’ which sees the use of elaborate […]Read More

Bitcoin

Bitcoin’s Correlation to the Stock Market Continues to Fall: A

As decentralized digital assets, Bitcoin and the crypto market at large has often been regarded as an isolated bubble or safe haven from the traditional stock market. But as an asset class, cryptos have always been fundamentally tied to equities, closely tracing price levels of major indices. This was clearly displayed in the global stock […]Read More

Market

Bitcoin’s Price Volatility May Hamper Its Progress Above $50K, JPMorgan

Bitcoin’s price volatility needs to subside for the cryptocurrency to continue its stellar rally, according to analysts at investment banking giant JPMorgan. In a note on Tuesday reported by Reuters, the analysts drew attention to bitcoin‘s high volatility relative to gold, the classic inflation hedge, as an obstacle to significant gains beyond current levels around […]Read More

Bitcoin

Bitcoin’s Wild Rally to $50,000 Turns Investors Away from Gold

Investors are cooling on gold as its digital rival Bitcoin takes the front seat in the race between the hottest hedging assets against inflation and fiat devaluation. Data fetched by the Commodity Futures Trading Commission shows a decline in hedge fund interests in the precious metal as focus shifts on rising nominal yields and the […]Read More