Bitcoin

Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth

Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date.  However, as Cointelegraph reported in June 2020, the effect faded away. While 2020 seems to have …

Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth Read More »

Bitcoin ‘held up very well’ despite biggest exchange inflow since March 2020 crash

Bitcoin (BTC) has performed “very well” as traders send more coins to exchanges than at any time since the March 2020 crash. Data from on-chain monitoring resources CryptoQuant and Glassnode shows that BTC exchange inflows hit a one-year high on May 13. Nearly 30,000 BTC hits exchanges Bitcoin saw intense pressure from sellers this week …

Bitcoin ‘held up very well’ despite biggest exchange inflow since March 2020 crash Read More »

Bitcoin is durable, says BlackRock’s Rick Rieder

Rick Rieder, chief investment officer at BlackRock Financial Management, is pushing back against Telsa CEO Elon Musk’s decision to drop Bitcoin as a form of payment. In an interview with CNBC’s Squawk Box today, Rieder said Bitcoin (BTC) had “not reached maturity yet” and still had some hurdles to overcome like the public perception of …

Bitcoin is durable, says BlackRock’s Rick Rieder Read More »

Bitcoin price fails to build $50K support as traders eye lower levels next

Bitcoin (BTC) dipped below $50,000 again on May 13 as the fallout from Elon Musk’s criticism continued to resonate. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Traders wait for telltale buy signals Data from Cointelegraph Markets Pro and Tradingview confirmed BTC/USD failing to establish $50,000 as support after initially dipping to $45,650. Musk, speaking as CEO …

Bitcoin price fails to build $50K support as traders eye lower levels next Read More »

Bank of Israel Drafts Model of a Digital Shekel

<div class=”featured_image_container”> </div> <strong>The central bank of Israel has offered a glance at what a digitalized version of the national fiat currency may look like. According to a released “draft model” of the coin, Israelis should be able to use the digital shekel in payments, even offline, and convert it to cash at any moment. …

Bank of Israel Drafts Model of a Digital Shekel Read More »

Ethereum price aims for $5K after reaching 3-year high versus Bitcoin

Ether (ETH) set a second all-time high on May 12 as the largest altcoin continued on its way to what analysts say will be $5,000. ETH/USD 1-hour candle chart (Bitstamp). Source: Tradingview Funding rates could hold key to ETH resilience Data from Cointelegraph Markets Pro and TradingView tracked ETH/USD as the pair put in two all-time …

Ethereum price aims for $5K after reaching 3-year high versus Bitcoin Read More »

Palantir to Accept Bitcoin for Services, Considers Keeping BTC on Its Balance Sheet

<div class=”featured_image_container”> </div> <strong>Palantir Technologies, the Peter Thiel-backed, American software company specializing in big data analytics, announced Tuesday that company plans to accept bitcoin for services. Further, like a variety of corporate entities that are accepting and holding bitcoin, Palantir is considering keeping the asset on its balance sheet. </strong> Palantir Enters the Crypto Economy …

Palantir to Accept Bitcoin for Services, Considers Keeping BTC on Its Balance Sheet Read More »

How Long Does a Bitcoin Bull Run Last? Proponents Use a Myriad of Charts and Models to Predict Future Prices

<div class=”featured_image_container”> </div> <strong>As bitcoin prices hover above the $55k zone, a number of participants wonder when the bull run will end. Bitcoin proponents are convinced bull markets have three waves and another wave may start soon. However, despite a variety of tools being used like tarot cards, no one is truly sure what will …

How Long Does a Bitcoin Bull Run Last? Proponents Use a Myriad of Charts and Models to Predict Future Prices Read More »

Elon Musk Hints at Tesla Accepting Dogecoin for Payments

<div class=”featured_image_container”> </div> <strong>Elon Musk, also referred to in social media as the ‘Dogefather,’ due to its affiliation with the Dogecoin currency, has hinted Tesla could start accepting the currency as a payment for its cars. The company, which is now accepting bitcoin as payment for its cars and holds it as part of its …

Elon Musk Hints at Tesla Accepting Dogecoin for Payments Read More »

Morgan Creek’s Mark Yusko Predicts Bitcoin Can Reach $250K in 5 Years

<div class=”featured_image_container”> </div> <strong>Mark Yusko, Morgan Creek Capital Management’s CEO and cofounder, is extremely bullish on bitcoin. Despite a period of consolidation, Yusko expects the leading crypto asset to tap $250,000 in five years. In a recent interview, he said that the network continues to swell in an “exponential way.”</strong> Morgan Creek’s CEO Sticks to …

Morgan Creek’s Mark Yusko Predicts Bitcoin Can Reach $250K in 5 Years Read More »